would you buy a company with at best 20m recoverable barrels (40% of 50m). Market cap of 400m, that means you are paying $20 per barrel, before lifting costs, taxes. Not much margin left. Would have to be bullish on oil price to justify it
possible takeover target?, page-5
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Last
15.5¢ |
Change
0.005(3.33%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 15.0¢ | 15.5¢ | 14.8¢ | $261.1K | 1.734M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 100000 | 15.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 15.5¢ | 638473 | 13 |
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| Last trade - 16.10pm 05/09/2024 (20 minute delay) ? |
| CVN (ASX) Chart |