Oppie, that is exactly the point, most of the fields that have been producing for 10 to 20 years are declining, at even faster rates as world demand has grown.
It has been a good couple of days with modest rises, cvn is so far undervalued it is astonishing. We are back to values from a year ago, when production was a couple hundred barrels.
We do not want a takeover, we want more production, bigger reserves, and good cashflow. We will get these things, and the sp will slowly come to reflect this.
Remember, there are not too many cashed up, debt free, low production/exploration cost oilers with 18 odd wells coming online in next 6 months!!!
cheers
Steve
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16.5¢ |
Change
0.005(3.13%) |
Mkt cap ! $295.1M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 271853 | 16.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.5¢ | 468186 | 5 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 271853 | 0.160 |
9 | 721337 | 0.155 |
14 | 953194 | 0.150 |
7 | 456088 | 0.145 |
6 | 314592 | 0.140 |
Price($) | Vol. | No. |
---|---|---|
0.165 | 468186 | 5 |
0.170 | 549928 | 10 |
0.175 | 662192 | 9 |
0.180 | 1346600 | 11 |
0.185 | 1800021 | 12 |
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