what punters need to understand about CVN is that it is producing from fractured volcanics, it will drop off over time on wells, as the oil has to seep through cracks in rock, you can suck as hard as you like with pumps, and once built up volume in close is released, only so much will come through. The name of the ganme for CVN is to keep increasing proven reserves, and they are doing just that.
Short term movements in SP are nice, but the real prize is larger fields of pumps!!! This is happening at a realistic pace.
Long term holder, been away for 6 mnths, long overdue holiday. good to be back.
cheers
stevero
new announcement, page-29
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Last
19.5¢ |
Change
-0.005(2.50%) |
Mkt cap ! $348.8M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.0¢ | 19.5¢ | $53.05K | 265.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 1802162 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 194104 | 8 |
View Market Depth
| Last trade - 10.40am 05/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |