Johnz11,
"Two vastly different companies. The only thing they share is one JV"
The only problem with that is that the JV that they share is the the only income stream for both companies.(I'm not aware of there being any other $'s coming in from other projects). And it's POE 60% & CVN 40%.
I'm sorry but at current production rates I just can't justify CVN having a $400+ million market cap.
Whatever happened to that well that was producing at over 4000 bopd. Would love to know at which rate that well is flowing now. Seems to me that there have been some fairly steep declines in flow rates over the last two years.
poe update, page-22
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15.5¢ |
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Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 15.0¢ | $265.5K | 1.746M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 66750 | 15.0¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 2227430 | 6 |
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