We know CVN is not producing and wont be for 3+ years but oil is of strategic importance for Australia now and in the future. The geopolitics has changed forever in Europe and Asia/Pacific. The world order haegomoney is being split from US dominance to China/Bric and the US/Rest
This silly government wanting to legislate 43% emmisions reduction, and the abilty to achieve this without totally obliterating the economy is totally fantasy. Never going to happen pre 2050's
In a few years China will be the global maker/supplier of 95% of all solar cells and wind turbines. Renewables (wind and solar) which contributed 2-3% yesterday; its a fat chance it will be 43% by 2030. Its intermittant, unreliable and bloody expensive; when you add in transmission, storage and parallel backup via gas or coal. We know it doesn't work at night, that's just a fact so you need coal and gas on standby to fill the gap. Also renewable are environmetally cronic as well. They last about 15-20 years, easily damaged by hail and the elements and the storage batteries are loaded with the most toxic minerals on the planet. Lithium and Cobolt to name just a few. Also we will needs millions of them.
Europe will never buy gas or oil from Russia again not in the future, none of the western allies either. So oil will stay elevated for many years to come and an essential fuel for the economies of the world.
So it is of critical importance that Australia has in its territorial waters large reserves of oil like Dorado because if China ( highly likely soon) moves on Taiwan it will be very difficult for Australia to get oil down via the straits of Malacca without China blocking or blowing it up. And if we are at war with China then forget the solar cells and wind turbines.
Now CVN/STO
The wallowing SP of CVN is not helping STO's ability to extract a decent farm in price or partner for Dorado. CVN was trading in 2020 at 0.09c when oil was nearly zero. Oil has consistantly been plus $100 for 6 months and its going higher for the reasons mentioned above. Putin has Europe/ Germany by the balls with winter due to start in 90 days. Over the next 10 days Germany etal will see what having no gas it like in summer. This could either reshape the Nato resolve or divide it. Either way price pressure is up for oil/gas and the Iranians and Saudis will want to milk it off the back of Putin's war in Europe.
Oil and gas assets like Dorado are prime tier 1 assets. Quality of oil, soveriernty and market demand. Grossly undervalued CVN and Dorado asset as a whole.
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We know CVN is not producing and wont be for 3+ years but oil is...
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Last
10.0¢ |
Change
-0.005(4.76%) |
Mkt cap ! $178.9M |
Open | High | Low | Value | Volume |
10.5¢ | 10.5¢ | 10.0¢ | $183.8K | 1.830M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
7 | 560417 | 10.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
10.5¢ | 5195233 | 24 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
7 | 560417 | 0.100 |
5 | 483535 | 0.099 |
2 | 328866 | 0.098 |
6 | 505309 | 0.097 |
4 | 185051 | 0.096 |
Price($) | Vol. | No. |
---|---|---|
0.105 | 5195233 | 24 |
0.110 | 1694478 | 22 |
0.115 | 318850 | 5 |
0.120 | 851261 | 10 |
0.125 | 129142 | 3 |
Last trade - 16.10pm 15/09/2025 (20 minute delay) ? |
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