A number of years back one of the broker reports had a growth forecast chart that looked fantastic, the only thing about that chart was it fell off after a few years growth.
Why you say?
CVN must keep finding good flow like NSE had but it has failed to do that with all of its new good flowing wells watering out early (Dam Water)
So where will it leave CVN you say?
Doing just what they are trying to stabilize flow though that will be low but with the new ICDs less water problems.
The question is just how much oil do they have left and for how long?
Until CVN start something new and have a success with it I don’t see it moving much but down and would not be giving free shares to those for getting ICDs working it’s the only thing left to them at this time.
phoenix update, page-7
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 16.0¢ | 16.5¢ | 15.5¢ | $696.5K | 4.350M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 17 | 841466 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.5¢ | 1570125 | 13 |
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| Last trade - 16.10pm 08/11/2024 (20 minute delay) ? |
| CVN (ASX) Chart |