I don't think it is that simple. Because of the sliding tax/royalty system it means that their income will drop less than the amount POO does. As to exactly how much dunno - need to do some sums.
The other factor is that becuase of CVN's very low cost of production (~ $5 per barrel !?) and the sliding tax/royalty system - it means that CVN is much more attractive than most other oilers in a low POO environment. So there is potential for that to help support CVNs SP as well.
But ultimately who knows what people will buy and sell for!
I don't think it is that simple. Because of the sliding...
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Last
19.3¢ |
Change
0.003(1.32%) |
Mkt cap ! $339.9M | |||
| Open | High | Low | Value | Volume |
| 19.0¢ | 19.5¢ | 19.0¢ | $62.02K | 321.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 502 | 21.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 18.0¢ | 8736 | 4 |
View Market Depth
| Last trade - 15.59pm 17/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |