Hi Folks,
I am no geologist, but I thought todays announcement hugely reduced the risk on this investment. Therefore a little suprised to see the retreat to 16 cents.
With just about all the other good stories I had been watching running away in front of me, and sitting on a heap of nickel proceeds, what was I to do? I topped up CVN again, by 25% at 16 cents. I won't buy more, this will either be a poor/mediocre investment, or it will jump to the front of my portfolio this year.
I"d like to believe ARQ will discover oil in the Canning - but I am not sure, I'd also like to believe many of the other good stories, but where are the odds as good as on CVN having a lot of oil AND being cashflow positive very soon.
When you start a program happy with 100 bopd wells, and get 700 bopd from these same cheap wells, that is absolutely great. I hope they can get enough road tankers!
Goodluck to all the patient.
EL
- Forums
- ASX - By Stock
- CVN
- ns4 stabilised rate at 686 bbld.
ns4 stabilised rate at 686 bbld., page-14
-
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CVN (ASX) to my watchlist
|
|||||
Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $286.2M |
Open | High | Low | Value | Volume |
15.5¢ | 16.0¢ | 15.5¢ | $326.4K | 2.069M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
15 | 1324611 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 906839 | 4 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 1224611 | 0.155 |
24 | 1476506 | 0.150 |
8 | 756088 | 0.145 |
6 | 641706 | 0.140 |
5 | 462006 | 0.135 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 906839 | 4 |
0.165 | 677406 | 11 |
0.170 | 1067194 | 9 |
0.175 | 787692 | 9 |
0.180 | 852725 | 12 |
Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
Featured News
CVN (ASX) Chart |
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, CEO
Anthony Noble
CEO
SPONSORED BY The Market Online