CXO raised their entire capex at something like 32 and 34 cents a share from memory and only a few months later they are running at close to double that now.
Obviously a great many differences exist between CXO and LTR as companies and also their resources but CXO is basically a $1b company with a resource approximately 1/10 the size to put a very basic spin on it.
Not to suggest we will follow the same trajectory but it appears the market likes having absolute certainty regarding project financing.
edit: Typo.
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Change
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Mkt cap ! $2.206B |
Open | High | Low | Value | Volume |
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---|---|---|
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Price($) | Vol. | No. |
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No. | Vol. | Price($) |
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22 | 173717 | 0.930 |
29 | 213263 | 0.925 |
17 | 314084 | 0.920 |
13 | 334522 | 0.915 |
20 | 515157 | 0.910 |
Price($) | Vol. | No. |
---|---|---|
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0.940 | 422019 | 23 |
0.945 | 314014 | 17 |
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