Have been a long term supporter of this one, but didn't like the report one bit.
Seems to me like some of the wells are dropping off (watering out?) faster than they hoped, and the "complexity" of the field means there is no guarantee the drop off can be replaced by simply plugging in a new development well.
I believe the long term future of this company is assured, as they are in the process of setting up various income streams (warro gas, potential income from other on-shore thai permits etc), but in the short term I think this one is about to get very volatile.
I know some of the long termers wont like those comments much, but that's how I see it. I don't hold, but it's a ST sell for mine.
Have been a long term supporter of this one, but didn't like the...
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
19.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 19.5¢ | 20.0¢ | 19.5¢ | $386.1K | 1.979M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 425882 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 256926 | 7 |
View Market Depth
| Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |