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.
It is my understanding (i will double check when i have a...
-
- 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
20.0¢ |
Change
-0.005(2.44%) |
Mkt cap ! $366.6M | |||
| Open | High | Low | Value | Volume |
| 20.5¢ | 20.5¢ | 19.5¢ | $231.8K | 1.147M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 490201 | 19.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 20.0¢ | 66164 | 4 |
View Market Depth
| Last trade - 12.44pm 26/06/2024 (20 minute delay) ? |
| CVN (ASX) Chart |