CVN 1.59% 31.0¢ carnarvon petroleum limited

how high will she go

  1. 1,137 Posts.
    "Opec will not increase production"
    The mainstream commentary / market still does not question this. The assumption is taken then that Opec merely has to decide and then oil production can be increased.

    Case can be given that

    - they have been pumping for all they are worth since US$50 barrel
    - their recoverable reserves could be incresed if extraction rates were slowed
    - their increasing domestic demand is reducing oil for export at a far greater rate than depletion alone.

    There may not be a linear relationship between CVN / oilers SP and US$ barrel, but it surely falls on the positive side of the fence. Just wait till OPEC come clean.
 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
(20min delay)
Last
31.0¢
Change
-0.005(1.59%)
Mkt cap ! $492.7M
Open High Low Value Volume
31.0¢ 32.0¢ 31.0¢ $654.1K 2.086M

Buyers (Bids)

No. Vol. Price($)
17 691906 31.0¢
 

Sellers (Offers)

Price($) Vol. No.
31.5¢ 49805 3
View Market Depth
Last trade - 16.10pm 12/12/2019 (20 minute delay) ?
(live)
Last
31.5¢
  Change
-0.005 ( 0.22 %)
Open High Low Volume
31.5¢ 32.0¢ 31.0¢ 544864
Last updated 15.59pm 12/12/2019 (live) ?
CVN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.