That drop from 85 to 80 yesterday was on like 20-30k shares, easily could have been someone caught at the start of the day. Extra volume on a weak market or the MCC announcement, and is easily explained away. Price didn't puke in the last 20 minutes of the day today after the Townsville update.
What would be nice is a rough guideline range on revenue around NESR and MCC JVs.
What is material to CNQ? Just have to assume it is roughly in the 4m range (quarterly), perhaps less with a JV partner + multiple sites. The NESR HIROX contract was 3m.
From quarterly
The average project size of our pipeline is around A$ 4 million, and we are currently working on or awaiting customer decisions
for over 100 opportunities. This includes multiple >A$ 10 million opportunities that are typically linked to early preliminary design stages and could take multiple years to get into the building phase.
That drop from 85 to 80 yesterday was on like 20-30k shares,...
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Last
30.0¢ |
Change
-0.005(1.64%) |
Mkt cap ! $19.55M | |||
| Open | High | Low | Value | Volume |
| 30.0¢ | 30.0¢ | 29.0¢ | $75.52K | 253.4K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 10000 | 29.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 30.0¢ | 123064 | 2 |
View Market Depth
| Last trade - 15.12pm 06/05/2024 (20 minute delay) ? |
| CNQ (ASX) Chart |