Positive Movement, page-70

Agree @entropylord. They are very pertinent points and relative! Further downward pressure will affect the commercial viability of many other Oil projects and so the cycles goes. The attractiveness of the quality of de-risking that has transpired and taken place at CVN is extensive and the Oil price model is another risk CVN has ticked off. Another reason CVN has received our investment funds over other O & G plays! The pricing fluctuations have always been predictable, not something to get caught up on but rather, as you rightly put it @Windsor, a timely reminder of the very low cost, strong fundamental's and high grade Oil CVN have with both Dorado and Buffalo, of which our market valuation will be determined until other discoveries come online. @Sojourner provided a rough back of the envelope financial interpretation here back on 9 September 2018 at 4:09pm. It was topical and some figures will conjure debate but overall, a pretty good starting snapshot. You could drop the price of oil in his model by US$20, $10 lower than today's price and still sleep soundly. With his excellent foresight, he even allowed for the possible extra tax. Once again, I suspect this current attention being placed on Oil price pressures will prompt the savvy investment community to reconsider / reshuffle their allocation of O & G investment funds to low cost plays such as CVN. DYOR.