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3.23%

15.0¢ carnarvon energy limited

Thats a very good point and one we should all be aware of. Lets...

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Petergm

1,672 Posts.

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20/05/21

12:44

Post #: 53302883
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Originally posted by aaa53 ↑

Yes significantly undervalued for its potential........if considered in the last 40 years valuations and business environment.

however until it actually makes Money , it will always be undervalued.

The issue then becomes , how much the business environment changes before it starts to actually produce and how fast the business environment changes after it does start to produce.

The world is heading away from oil .........how fast is the question. As it does Oil Price will have more downside then upside. Fact is there is PLENTY of oil , if the usage drops significantly , the oil producing nations will fight for share. Price downside is inevitable in a shrinking market demand.

Look at electric cars.......the speed of the battery/alternative energy technology

It is not a matter of IF , it is a matter of how fast and when.

CVN needs to get to production ASAP to realise its potential before downside valuations are factored in.Clearly the upside valuations are not being factored in at the moment for good reason.

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Thats a very good point and one we should all be aware of.
Lets hope CVN can get into production before there is any impact from decreasing demand for oil.

CVN Price at posting: 26.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 15.0¢		Change -0.005(3.23%)		Mkt cap ! $268.3M

Open	High	Low	Value	Volume
15.0¢	15.5¢	14.5¢	$226.3K	1.511M

Buyers (Bids)

No.	Vol.	Price($)
6	396878	15.0¢

Sellers (Offers)

Price($)	Vol.	No.
15.5¢	2549808	11

View Market Depth

No.	Vol.	Price($)
4	196880	0.150
17	466405	0.145
5	2404292	0.140
4	462005	0.135
6	522022	0.130

Price($)	Vol.	No.
0.155	2463808	9
0.160	407346	10
0.165	320500	5
0.170	1465930	14
0.175	680200	11

Last trade - 16.10pm 08/08/2024 (20 minute delay)

CVN (ASX) Chart