Oil price continues to fall, bringing down the share price of oil and gas producers along with it.
Bear in mind CVN is not yet a producer, so what matters is not what the oil price is now, or even in the next 12 months but what it will be in the future when they develop Dorado, Roc and Buffalo.
Looking at the oil price charts you can see there can be huge differences in the oil price even within just a 6-12 month period. So what you need to do is take a longer term view and make up your own mind about what it is likely to be.
Dreams to Dusters, page-12
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15.5¢ |
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