CVN 0.00% 20.0¢ carnarvon energy limited

Buffalo is priced at 0c currently given market cap (actually I...

  1. 4,549 Posts.
    lightbulb Created with Sketch. 1414
    Buffalo is priced at 0c currently given market cap (actually I think less than 0c, but accounting won;t allow). Any movment on Buffalo is a positive. End of Tax year, people balancing portfolio, seems like we are here until 30 June or the next update which should be about rig timing. Drilling in Bedout end of year... time

    I really still can't see why CVN share price is so low, begger's belief. 3D currently happening to firm up targets well into the future. The world can't shift for oil&gas very quickly, the economic impacts and supply chains don't exist. It will take decades to unravel, reconstruct, and for costs to be within 10% of what oil&gas currently supplies, the move has allow people to shift careers, tax revenue lost, governments/large companies to shift investments, and countries to remain stable, soveriegn risk is high. A rapid process would lead to peak oil in 2030 according to most latest projections, and expected to be damaging to the world economy, still need about 50% of current supply to 2050.

    Definitely a racheting up carbon tax/trading in AUSTRALIA... clear transparent market dynamic for companies like CVN to work with. Yes, it will add cost, and shift money to emerging sectors, but allow investors certainity into the future. Could work like the agreement recently reached for a minimium tax level for global companies evading tax. At the moment still in cowboy/fantasy land.

    CVN great potential for growth into the future based on basin wide targets. CVN 20%-30% of a +$20Bn area (which is tiny compared to the global market)

    "In its latest monthly Oil Market Report, the International Energy Agency (IEA) forecasts that, following a record decline of 8.6 million b/d in 2020, global oil demand will rebound by 5.4 million b/d in 2021 and a further 3.1 million b/d next year, to average 99.5 million b/d. By end-2022, demand should reach 100.6 million b/d, surpassing pre-COVID levels."

    "The forecast also highlights the challenges outlined in the IEA’s recently released ‘Net Zero by 2050 - A Roadmap for the Global Energy Sector,’ which notes that most pledges by countries are not yet underpinned by near-term policies and measures. In the meantime, oil demand looks set to continue to rise, underlining the effort required to get on track to reach stated ambitions."

    Total - French a leading oil company in net zero 2050...

    "Total will focus on low cost oil projects, privileging value over volume and develop its portfolio of oil projects, all with profitability above 15% at 50$/b, while ensuring consistency for Capex allocation with climate ambition"
 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
(20min delay)
Last
20.0¢
Change
0.000(0.00%)
Mkt cap ! $357.7M
Open High Low Value Volume
20.5¢ 20.5¢ 20.0¢ $229.0K 1.117M

Buyers (Bids)

No. Vol. Price($)
17 634441 20.0¢
 

Sellers (Offers)

Price($) Vol. No.
20.5¢ 183473 6
View Market Depth
Last trade - 12.04pm 25/06/2024 (20 minute delay) ?
CVN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.