Yes we have to move with the times & we all have different views. IMO the next 10 years or so could well be the era for SMALLER oil/gas companies with proven producing reserves and nil to no debt. For example just look at the cash flow HZN has at the present time.They tried a share buy back and bought 20m of their own shares but it made no difference to the s/p, so they tried a 1.6cent cash return which also made very little difference , so they lifted the cash return to 3cents , which at the time was a yield of 30%. CUE the other stock you hate has a great cash flow and no debt. The demand for oil is going to be there a lot longer than a lot of people are thinking , you might say this idea is supported by investments of STO $22b and WPO $44b. In the end it may be that smaller companies like CVN will have a massive cash flow which will have to be returned to shareholders. As you say who is going to drill wild cats in 10/15 years time? So the only option will be to move into another industry or let the resources run down and pay out shareholders.
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Last
16.0¢ |
Change
0.005(3.23%) |
Mkt cap ! $286.2M |
Open | High | Low | Value | Volume |
16.0¢ | 16.0¢ | 15.8¢ | $136.6K | 855.4K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
6 | 166365 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 184462 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 106688 | 0.155 |
11 | 1673891 | 0.150 |
20 | 477375 | 0.145 |
14 | 571795 | 0.140 |
3 | 487000 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 159462 | 3 |
0.165 | 335710 | 6 |
0.170 | 534952 | 11 |
0.175 | 569536 | 8 |
0.180 | 602975 | 9 |
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