I am looking for a finish above 60 around 61-62 for today. This would hold us above the historical resistance at 58 to 60. We have had a good run this week, and if we hold above 60 close today, I think we will progress north next week. Oil futures are bullish with around 20-40 increase from current price through to end of month and into next. market data out in oct/nov will detirmine if energy bulls remain in charge.
In the mean time, we have cvn going about it's core business of increasing reserves, and pushing into new areas. With another 10-15 wells to be drilled this year, and with historical success rate of 70%, we have some cause to feel good about holding and trading cvn.
2010 may well be cvn's golden year, with the improving world economies, and energy on everyones mind.
Good weekend to all cvn holders. It's been a long month already!!!
cheers
stevero
I am looking for a finish above 60 around 61-62 for today. This...
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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 |