CVN will bounce back to new highs in the next 6 to 12 months as they have a highly profitable oil field and lots of cheap exploration wells to drill and the cash to do it with they dont need to do any capital raisings or try to borrow funds
I believe as soon as they get their production licence due anytime soon they will go into full field production and every horizontal well they put in will further increase oil production which will add to the SP. IT WILL BE LIKE SHOOTING FISH IN A BARREL
The companies that dont have cash flow and need to do capital raisings are the ones that will probably go into receivership and either be taken over or go into liquidation so be thankfull cvn is not one of those
This company will survive and grow unlike many others so if you can tough it out you will be rewarded
Good luck to all
cheers glenn
CVN will bounce back to new highs in the next 6 to 12 months as...
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Last
20.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $366.6M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $508.1K | 2.524M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 616799 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 1035102 | 12 |
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| Last trade - 16.10pm 26/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |