It needs to be called out; CVN management have handled the business since the PAVO oil discovery well below expectations.
I have seen posters blame for the massive S/P drop:
- inflation & interest rate rises - what, from 0.1% to 0.35% (you can't be serious)
- the Russian invasion - nope, oil prices have steeply risen since than.
- slowness in the sign off by government agencies (you can't be serious).
It really comes down to how Cookie & partners have performed since the oil discovery, the CR was a sham to start the ball rolling.
CVN Value and Share Price Catalysts, page-182
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Last
16.3¢ |
Change
0.003(1.56%) |
Mkt cap ! $290.7M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.3¢ | 15.5¢ | $101.3K | 635.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 213524 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 566883 | 13 |
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| CVN (ASX) Chart |