Yes you can see the over brought shareholder tears as we pay 0.43c a share.
CVN have a market cap of $293m, 3P reserves of 37 mmbbls, they are producing over 5000+ bopd at an average of US$58+/bbl, Operating costs per barrel are less than US$5 per barrel and they have around A$70m in the bank. Exploration potential of the current JV is a good decade from being exhausted.
Sure looks like not much scope or life left in CVN, the whole thing is overvalued!!! Better to buy vapour fume speculation stock than a producer like CVN. Please send me your unwanted stock and I will gladly pay to relieve such a burden out of your portfolio.
Recession or depression, good producing (profitable) energy stocks will bounce back first, and they will bounce back hard. IMHO CVN is a low risk investment that writes the rule book for well run and profitable oilers.
This is one of only 4 stock holdings that I have where I don't have to worry about the future of the companies value.
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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($) | Vol. | No. |
---|---|---|
20.0¢ | 510753 | 14 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
18 | 1493897 | 0.195 |
20 | 1372005 | 0.190 |
16 | 2255955 | 0.185 |
8 | 831672 | 0.180 |
6 | 382022 | 0.175 |
Price($) | Vol. | No. |
---|---|---|
0.200 | 429253 | 12 |
0.205 | 720721 | 11 |
0.210 | 660258 | 14 |
0.215 | 357844 | 8 |
0.220 | 945612 | 18 |
Last trade - 16.10pm 11/07/2024 (20 minute delay) ? |
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