Could it be that the markets are starting to price in a major fall in the price of oil?
Demand destruction, talks of recession and the global implosion on credit markets and we have some analysts predicting oil back at US$50. Saw someone on Bloomberg saying why not US$24 again?
Still, weren't the experts talking oil at US$200 only recently???
Wish I knew the answer but for know am holding on because cannot see CVN being worth any less than its current share price irrespective of worst case scenarios for the price of oil.
where too for the price of oil
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Last
16.0¢ |
Change
0.000(0.00%) |
Mkt cap ! $286.2M | |||
| Open | High | Low | Value | Volume |
| 15.5¢ | 16.0¢ | 15.5¢ | $326.4K | 2.069M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 15 | 1324611 | 15.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 16.0¢ | 906839 | 4 |
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| Last trade - 16.10pm 31/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |