IMHO Lordy is half right. YES we will moved to a lesser dependence on oil, but demand will still be there. New exploration for oil is likely to dry up totally and may become a regulated permit system, because of this the price of oil will be high and lucrative. In the inter years we are likely to have a new and old energy base system. Question is how long will this period last, imo possibly 12 to 15 years. If this scenario plays out then plays like dorado with it's light sweet oil requiring less energy and refining to produce the end products will be In the sweet spot.
So I'll be with Mp waiting and hoping we will be able to cash in at a buck plus.
CVN - Could BPT be a Suitor?, page-39
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Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $3.525M | 20.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 441949 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2048593 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |