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3.23%

16.0¢ carnarvon energy limited

Hi Santos could take CVN over without increaseing its DEBT, A...

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towie

35,149 Posts.

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29/10/18

20:31

Post #: 36304467
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Originally posted by Cosmoterios ↑

Originally posted by ossieblue
Cosmo ,
just a left of field thought, and just putting it out there for discussion seeing as it’s gone pretty quiet on the CVN front what would happen to the sp if Santos were to attempt a buyout of CVNs 20% ,
given that they will hold the other 80% shortly and can dictate if and when the field and all the other targets nearby are developed ,
would it be seen as a positive or negative to the potential sp if it came from that direction ?.
Ossieblue,

I can see the attraction of being a 100% owner - about 1 tcf gas and 250M barrels of oil and condensate (including Roc South).

And with plenty of upside to come.

However, notwithstanding the above positives - if I was a STO holder, I would consider it as too much risks - ie. carrying 100%.

At the moment, STO is still loaded with too much debt, so they will want to take every opportunity to clean up their balance sheet, rather than add debts to their balance sheet.

Of course, if for some inexplicable reason, they made a move on us; it will be very good for our share price - will shoot pass 80 cents at least.

AIMHO and DYOR.

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Hi Santos could take CVN over without increaseing its DEBT, A Fair share offer could do the job and keep all holders happy

CVN Price at posting: 35.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 16.0¢		Change 0.005(3.23%)		Mkt cap ! $286.2M

Open	High	Low	Value	Volume
15.5¢	16.0¢	15.5¢	$180.1K	1.127M

Buyers (Bids)

No.	Vol.	Price($)
2	6294	16.0¢

Sellers (Offers)

Price($)	Vol.	No.
16.5¢	1906534	24

View Market Depth

No.	Vol.	Price($)
2	6294	0.160
20	1071248	0.155
24	1455321	0.150
23	1055102	0.145
14	788333	0.140

Price($)	Vol.	No.
0.165	1905804	23
0.170	784287	15
0.175	1024963	11
0.180	635047	10
0.185	92057	3

Last trade - 13.40pm 01/11/2024 (20 minute delay)

CVN (ASX) Chart