I think so, acquisitions are a good thing, it means someone sees future potential - Santos has valued the company, Quadrant has agreed to the figure which they obviously feel is fair. This is fundamentally good news.
Don’t worry about people’s rubbish on here working out the value of Dorado off the back of the acquisition figure, CVN is not affected by Quadrant’s balance sheet and our 20% share is still worth per barrel what the market is paying for it.
Santos Buy Quadrant US$2.15B, page-113
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Last
17.5¢ |
Change
0.010(6.06%) |
Mkt cap ! $313.0M | |||
| Open | High | Low | Value | Volume |
| 16.5¢ | 17.5¢ | 16.5¢ | $208.3K | 1.228M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 265525 | 17.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.5¢ | 615505 | 12 |
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| Last trade - 16.10pm 07/10/2024 (20 minute delay) ? |
| CVN (ASX) Chart |