Out of all the oil/gas stocks I watch the prize for the "do nothing company" has to go to CVN. One of the reasons for this is they have zero control over their main project. Also at this point there appears to be no interest in any of their other projects. CVN have been sitting on almost $100m for three years now , the major use of this money is to pay management very good wages for doing almost nothing except putting out promotions which normally see the s/p drop. Have suggested several times that there are some great opportunities in the oil/gas sector to put some of this cash to good use. This could be T/O a smaller oil/gas company or a interest in one. At the very least if they had invested in STO shares during this period they would be looking at 50% profit plus dividends . Really its well past the time management came up with some sort of "short term diversification plan or income' as you suggest.
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Last
19.8¢ |
Change
0.008(3.95%) |
Mkt cap ! $353.0M |
Open | High | Low | Value | Volume |
19.5¢ | 20.0¢ | 19.3¢ | $304.3K | 1.559M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 956734 | 19.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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20.0¢ | 1869034 | 34 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
11 | 934907 | 0.195 |
22 | 2053484 | 0.190 |
32 | 2952490 | 0.185 |
19 | 547777 | 0.180 |
8 | 578511 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 1868534 | 34 |
0.205 | 1227377 | 18 |
0.210 | 1269773 | 13 |
0.215 | 480003 | 6 |
0.220 | 747250 | 7 |
Last trade - 10.55am 08/05/2024 (20 minute delay) ? |
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Last
19.8¢ |
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Change
0.008 ( 2.70 %) |
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Open | High | Low | Volume | ||
19.3¢ | 19.8¢ | 19.3¢ | 1020170 | ||
Last updated 11.14am 08/05/2024 ? |
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