So..Today I look with amazement..as I have done on 10 previous occasions, "Wow. The SP can't go any lower" So I pull the trigger at 31c. Yet again ..foiled. I have only bought once on the low. Back in 2018 ..8c. Since then every single time I buy it drops further.
What started out as a small cut is now an amputation and a share that should be trading at a multiple of 5 is languishing.
Climate change activism, panic , fashion is the reason. When is the world going to wake up to the fact that oil is an essential commodity and it's not going away. Use is tipped to rise year on year until 2050.
Exploration and development are both in decline so who will fill the production gap?
So..Today I look with amazement..as I have done on 10 previous...
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Last
20.5¢ |
Change
0.005(2.50%) |
Mkt cap ! $366.6M | |||
| Open | High | Low | Value | Volume |
| 20.0¢ | 20.5¢ | 20.0¢ | $724.4K | 3.558M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 279612 | 20.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.5¢ | 485773 | 5 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |