Its and old story now (but a good story) and a lot of the great news is already out. Where is the upside without improvements in the spot price of oil?
Add to that generally bearish market conditions and prices must go down. I cannot see a turn around in CVN until oil prices and stock market improve. Its fairly priced imo given their partial ownership in the Thailand operation and the current market conditions. Better off sitting on cash for now, this could easily go a few cents lower. Just my opinion.
average cost per barrel, page-13
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Last
15.0¢ |
Change
0.010(7.14%) |
Mkt cap ! $268.3M | |||
| Open | High | Low | Value | Volume |
| 14.5¢ | 15.0¢ | 14.0¢ | $155.3K | 1.059M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 530233 | 14.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.0¢ | 440281 | 13 |
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| Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |