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pmcain

107 Posts.

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18/09/19

11:08

Post #: 40464059
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Originally posted by JustCroozin: ↑

My OPINION is based on many years on the O&G business, during which I have been involved in the design, estimation, fabrication and installation of both wellhead platforms and FPSOs. It is also based on my knowledge of the O&G facilities market as it stand today. I once worked with AC actually, at a company which fabricated and installed wellhead platforms and pipelines. 1. There aren’t many FPSOs laid up waiting for customers anymore. 2. It’s a wellhead platform we would need, not a “drill rig”. That would have to be designed, fabricated and installed. Assume the design is done, then it has to be tendered, fabricated, transported and installed, which involves piling through the legs into the seabed. THEN, they need to connect the production wells, assuming they’ve been prepared, to the FPSO, which also assumes they’ve already built and installed the mooring. All of that also assumes they have the money ready, the permits, and the operating systems and people to run it. Oh, then there’s the safety case, no small matter either. I stand by my opinion.

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I worked in the offshore oil and gas industry for more than 30 years and Justcroozin is spot on with his comments.

CVN Price at posting: 38.3¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 16.5¢		Change 0.000(0.00%)		Mkt cap ! $295.1M

Open	High	Low	Value	Volume
16.0¢	16.5¢	15.5¢	$339.0K	2.104M

Buyers (Bids)

No.	Vol.	Price($)
5	87812	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	1054108	11

View Market Depth

No.	Vol.	Price($)
5	87812	0.160
22	1475582	0.155
13	1145574	0.150
22	821263	0.145
16	655495	0.140

Price($)	Vol.	No.
0.165	1034108	10
0.170	710593	17
0.175	374764	5
0.180	378884	10
0.185	152057	4

Last trade - 16.10pm 12/11/2024 (20 minute delay)

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