Many seemed to have missed the report so here are some salient bits...
"At current oil prices (US$35/bbl & 0.67 FX) we forecast $38m operating cash fl ow for this CY. Cash currently totals $55m, no debt, no hedging.
Our CVN valuation and price target is $0.47/sh.
Investment Case
CVN is a cheap, focused oil & gas producer and explorer with a strong balance sheet and quality management."
IMO, Cheap at twice the price !
buy the rumour, page-23
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.0¢ | 16.0¢ | $157.1K | 957.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 720544 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 152870 | 8 |
View Market Depth
| Last trade - 13.11pm 15/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |