It is my understanding (i will double check when i have a moment) that cvn is receivingg 30 per cent less than West Texas spot - say $100.
Then subtract royalties, taxes, costs, etc and profit equals approx $30 bopd
Now, multiply $30 x 6000 bopd x 365 days and the net profit looks something like $65M per annum on revenue of $219M.
when will the selling end, page-4
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CVN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
15.8¢ |
Change
-0.003(1.56%) |
Mkt cap ! $277.3M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $94.43K | 607.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 27 | 1527261 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 651797 | 19 |
View Market Depth
| Last trade - 13.32pm 25/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |