good points. I personally flip flop on this constantly.my current opinion on this is
CR is a viable option, as a CVN shareholder (and if I cast my mind back to the dim dark uni days) I believe a CR dilutes my personal share of Dorado more than an equity sale does. A CR will be based on previous sp average and generally at a discount. if the CR is only to existing shareholders I'm less concerned about ownership seepage, but the cash requirement is significant so unlikely.
part sale of Dorado. Is effectively a swap of one asset for another. If CVN does a individual farm-out they can hopefully leverage the price set by STOs proposed farm-out. ideally they'd partner with STO so that STO maintains operator ship and CVN would have more negotiation leverage.
ultimately any sale of a part of Dorado will set an evaluation benchmark for CVN which should only benefit shareholders and help stabilise the sp (although I think it will remain volatile until mgmt have proven 100% funding).
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $286.2M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.5¢ | $93.18K | 583.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
5 | 354802 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 55498 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 254802 | 0.155 |
14 | 402173 | 0.150 |
14 | 292453 | 0.145 |
4 | 387714 | 0.140 |
4 | 462005 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 55498 | 2 |
0.165 | 305500 | 4 |
0.170 | 1651292 | 14 |
0.175 | 1385226 | 15 |
0.180 | 1255701 | 12 |
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