With costs (profit) being equal I still have yet to reconcile that flowing xx bopd on a finite reserve is better for the company SP than increasing you real reserve.
For me the value is in how much oil is actually recoverable and at what profit. A company flowing 20000bopd is no good if the oil will run out next week.
Traders always miss the real picture because they buy based on sentiment not reality. Its why as an investor (with research and a clear company understanding) my profit will always be much higher than any trader could possibly make.
Nothing blusky or speculative about CVN's Thai deposit, its purely a time issue.
With costs (profit) being equal I still have yet to reconcile...
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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¢ | $193.7K | 977.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 18 | 1493897 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 510753 | 14 |
View Market Depth
| Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |