The new Gas and oil targets in the Bedout sub-basin have really shown the tremendous potential ahead in the Dorado / Pavo permits and the superb value this company CVN provides as a ' Takeover' target while Santos are also considering selling a slice.
We know the Korean company 'KNOC' are having a look now.
Who else may suddenly pay attention in light of so many nearby targets?
Maybe it becomes big enough for even the new 'Giant' Woodside to consider.
I see 5 brokers recommend this as a strong buy.
Morningstar 43 c - fair value
Euroz still 85 c under review.
In addition
The company mentioned in their update of September 27 , 2022 that they were pursuing opportunities that may create cash flow well before Dorado / Pavo production.
In the short term this could also provide a healthy uptick in the share price.
Maybe above 25 c.
I wonder what targets may provide such immediate cash flow ?
Acquisitions ...
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20.5¢ |
Change
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Mkt cap ! $366.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $724.4K | 3.558M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 279612 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 485773 | 5 |
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