My thinking on this has been:
2600 bopd net to CVN
949,000 bopa net to CVN
@ US$84/bbl Revenue = US$79,716,000
less Opex (US$15/bbl) of US$14,235,000
less Royalties (50%) of US$39,858,000
EBIT = US$25,623,000
Assuming a P/E of 20 and
Assuming an Exchange Rate of 0.90
Value would be A$570 mil.
With shares on issue (fully diluted) of 705 mil, if you assume there is no other value in the company (which there is heaps!!) this suggests a fully diluted SP of 80c.
But all of this is hedged against the prospect of oil continuing to flow in the future, but then so is the current SP.
cheers
neo
My thinking on this has been:2600 bopd net to CVN949,000 bopa...
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Last
16.5¢ |
Change
-0.020(10.8%) |
Mkt cap ! $295.1M | |||
| Open | High | Low | Value | Volume |
| 17.5¢ | 17.8¢ | 16.0¢ | $3.525M | 20.49M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 441949 | 16.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 17.0¢ | 2048593 | 4 |
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| Last trade - 16.10pm 19/07/2024 (20 minute delay) ? |
| CVN (ASX) Chart |