Oil exploration has been running at a depressed level for some time. As a result many experts in this field believe that not withstanding the relentless advance of renewable forms of energy, the oil price is going to remain well supported. This will be through a combination of factors, not least of which is the expected fairly rapid decline in the current levels of low cost reserves. If Adrian's target of all in cost (from discovery to shut down) of sub $20 per barrel is realistic, then there is going to be quite a queue of producers trying to pick up our resource on the cheap. For those of you who use a full service broker, probably relatively few on HC, I suggest you nag him/her to get the firm's analyst to take a look at what CVN has achieved so far and what may lie ahead. Now we have a half decent market cap we deserve more extensive broker coverage than we are getting at present. Adrian has only so many hours in his day and he needs to sleep so let's give him a helping hand on this one. If we don't then someone is going to pick CVN up for a song. As always IMHO with no recommendation being made to invest in the Company.
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Mkt cap ! $348.8M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 425882 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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20.0¢ | 256926 | 7 |
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No. | Vol. | Price($) |
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5 | 375882 | 0.195 |
12 | 759750 | 0.190 |
14 | 2696117 | 0.185 |
5 | 800000 | 0.180 |
5 | 327022 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 256926 | 7 |
0.205 | 403228 | 9 |
0.210 | 910200 | 15 |
0.215 | 539005 | 7 |
0.220 | 1709761 | 17 |
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