CVN and POE would not be concerned with poo being at this price. The sell off today is to be expected, but I think buying strength should pick up the gap and hold. Smart money is on accumulation while CVN builds up its reserves.
Must remember the geology in the main zone is well known, so increased production is just a matter of more wells once the poo price gets to a more realistic level.
The strikes outside the main zone are extremely encouraging. IMO its just a matter of time and patience before the black gold flows outside the main production zone. You just cant expect CVN to get every well to strike, as that's not the way it happens.
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Last
15.0¢ |
Change
0.010(7.14%) |
Mkt cap ! $268.3M |
Open | High | Low | Value | Volume |
14.5¢ | 15.0¢ | 14.0¢ | $155.3K | 1.059M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 530233 | 14.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
15.0¢ | 440281 | 13 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 530233 | 0.145 |
13 | 2235422 | 0.140 |
3 | 462000 | 0.135 |
4 | 529300 | 0.130 |
2 | 257503 | 0.125 |
Price($) | Vol. | No. |
---|---|---|
0.150 | 440281 | 13 |
0.155 | 838157 | 15 |
0.160 | 1150434 | 18 |
0.165 | 225510 | 6 |
0.170 | 477678 | 10 |
Last trade - 16.10pm 12/09/2024 (20 minute delay) ? |
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