"Well I am an investor in oil/gas shares, in CVN to be specific, and it ISN’T A WORRY for me."
spot on!!
the oil price will perform all sorts of acrobatics over the next 2 years.
even if the price had gone up 7% last night instead of down, it would have little bearing on the price we fetch in 2 years as producers.
worrying about the price today is irrelevant.
especially as the oil price is beyond our control.
but, what is well within our control is our costs... and CVN has positioned themselves with some very low cost plays into production.
at costs of $25 per barrel, there is a lot of margin for the "free falling" oil price to eat into before we need to even think about jumping ship...
i wouldn't worry so much windsor... just enjoy the ride...
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Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $3.525M | 20.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 441949 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2048593 | 4 |
View Market Depth
| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |