Not only has POO fallen, but the $A is now back over US$0.70.
CVN's income will be impacted notwithstanding the SRB etc.
War chest will be increasing at a much smaller rate.
Shame they did not hedge some of their production at much higher oil prices. A bit of hedging may have been prudent.
But we are all smart with hindsight.
interesting end of trade action today, page-12
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Last
16.5¢ |
Change
-0.005(2.94%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 16.5¢ | 16.0¢ | $200.6K | 1.232M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 145000 | 16.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 1260877 | 11 |
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| Last trade - 16.10pm 02/08/2024 (20 minute delay) ? |
| CVN (ASX) Chart |