Sure Cosmo.
Maybe $90/barrel of oil, but then BG is not about oil, it is a gas company. I am sure that no body, and especially not Shell, would be paying $90/boe of 2P reserves?
Better to keep the ramping to the at least plausible.
What the BG deal tells me is that it confirms Shell is very keen on gas and LNG, versus oil. Not sure that is positive for oil assets?
Still with CVN trading at a significant discount to cash plus the Roc free carry, and having apparently capable management, I am happy enough holding. Even without gas/LNG.
EL
It's good for CVN, page-6
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Last
17.0¢ |
Change
0.010(6.25%) |
Mkt cap ! $304.1M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 17.0¢ | 15.5¢ | $627.4K | 3.817M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 306000 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 374569 | 7 |
View Market Depth
| Last trade - 16.10pm 15/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |