Imo..With a looming credit crunch towards end of this year then into 2024, (caused by high interest rates= less lending) many mid-cap o&g companies will be looking to shore up their balance sheets with cap raises, or..(Why cap raise with no upside?)Instead, CVNs liquidity position(~$300m)wiil be the perfect catalyst for a takeover target for them. ..especially when Fid is announced next year (less risk)and Dorado has plentiful upside.
Imo, they will be re-rated to ~27c and upwards once FID is announced because of this.CVNs liquidity position next year will be far Too Compelling to be overlooked!!
Imo..With a looming credit crunch towards end of this year then...
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $99.67K | 646.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 256723 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 1330643 | 12 |
View Market Depth
| Last trade - 16.10pm 30/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |