What % do CVN hold of that 300m barrels? Is 300m barrels the P90 estimates or P50?
I would be very surprised if it goes that low as you predict for FAR. CVN were approx 8c before hitting oil, peaked at 30c and dropped over 17% today to finish at 14.5c.
That will mean it will have lost around 50% of its value since the find.
FAR were 4.5 - 5.5c pre-drill/hype. They peaked at 16c, roughly 3.5 times the value similar as CVNs increase when oil was struck there. 8c would be 50% drop for Far, however Far made two substantial discoveries, both potentially standalone.
By dropping to 5 cents Far is back to where it was pre-discovery with no potential value for those discoveries.
CVN and FAR are both victims of the plummeting oil price and the knock on effects that has for all O+G sector participants. I think most of the current oil price value has now been factored into the prices, but thats not to say there won't be more oil price drops, I suspect there will which may drop the prices a bit further but IMO to the 7.5c minimum range for FAR.
Tullow already down 7.5%, CNE 4% on LSE.
Look for the USA majors to get hammered tonight.
- Forums
- ASX - By Stock
- FAR
- End of oil company's
End of oil company's, page-48
-
- There are more pages in this discussion • 40 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add FAR (ASX) to my watchlist
|
|||||
Last
48.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $44.81M |
Open | High | Low | Value | Volume |
48.5¢ | 49.0¢ | 48.5¢ | $2.906K | 5.981K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 37793 | 48.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
49.0¢ | 10208 | 3 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 37798 | 0.485 |
3 | 83930 | 0.480 |
3 | 85000 | 0.475 |
2 | 78150 | 0.470 |
1 | 5000 | 0.465 |
Price($) | Vol. | No. |
---|---|---|
0.490 | 10208 | 3 |
0.495 | 11989 | 2 |
0.500 | 30000 | 1 |
0.505 | 10000 | 1 |
0.510 | 129688 | 3 |
Last trade - 14.01pm 22/07/2024 (20 minute delay) ? |
Featured News
FAR (ASX) Chart |