CVN - Carnarvon Energy
- Thread starter yogi-in-oz
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So i imagine the Hartleys valuation will come after this weeks flow results??? I am hoping for a considerable re-rating as well if this hole does indeed turn out to be their most productive yet.
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Guys..I'm torn
After doing some research etc it looks as though there is some value still in CVN.....but I'm not sure
I probably should have bought in when i first saw it at 30cish, but now I'm wondering if Ive missed the boat.
Any thoughts on if its too late to get in?
All too often Ive seen the sp up and jumped in only to cop a loss soon afterwards.
I'm currently using DOM to try and coax myself outs that negative thought
After doing some research etc it looks as though there is some value still in CVN.....but I'm not sure
I probably should have bought in when i first saw it at 30cish, but now I'm wondering if Ive missed the boat.
Any thoughts on if its too late to get in?
All too often Ive seen the sp up and jumped in only to cop a loss soon afterwards.
I'm currently using DOM to try and coax myself outs that negative thought
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I believe there is plenty still left in this
Lots of drilling to come, fantastic strike rate, positive anns every 10 days or so.
I cant, for the life of me see what will stop this going through $1.00 within the next couple of months.
But then you have to realise that I am extremely biased on this stock.
At 400% in 4 months, you cant blame me can you?
Lots of drilling to come, fantastic strike rate, positive anns every 10 days or so.
I cant, for the life of me see what will stop this going through $1.00 within the next couple of months.
But then you have to realise that I am extremely biased on this stock.
At 400% in 4 months, you cant blame me can you?
The price has run up the last couple of days on anticipation that the next well (NS5-D1) will be another winner.
We saw a similar run up from 32 to 38c prior to an ann that subsequently wasn't too good and the price droppped to 28.
There's a chance the price may drop on the next ann due any day now. Or they may release another bonanza flow rate which will put the price over 70 and onwards & upwards from there.
I'm holding (lots) and if the SP pulls back to high 50's I'll add more because there's a long way to go yet with this oil field alone. And then there's Bo Rang and maybe another adjacent field with a JV with SUR on the cards soon.
We saw a similar run up from 32 to 38c prior to an ann that subsequently wasn't too good and the price droppped to 28.
There's a chance the price may drop on the next ann due any day now. Or they may release another bonanza flow rate which will put the price over 70 and onwards & upwards from there.
I'm holding (lots) and if the SP pulls back to high 50's I'll add more because there's a long way to go yet with this oil field alone. And then there's Bo Rang and maybe another adjacent field with a JV with SUR on the cards soon.
Caliente
Black Gold!
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well I doubled my holding today. POE not looking fantastic (down about 3.5% atm), but it has been known to surprise with the late rush before close in the past.
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does anyone have any good guesses on why the sp is slipping today just before the announce? Profit takers, leaked info on flow results, TSX performance...all of the above? May be worth putting an order in with this weakness...
The shares have risen strongly since the drilling update. IMO the result has been factored in the SP but im happy to be wrong as im holding for the med term.
Good to see high vol yesterday as the SP hit a new high. The slight retreat should not be a concern for shareholders that got in early. IMO
POE share price might not give a true indication anymore as they raised 30 million + at $9.15 a share.
DYOR
Good to see high vol yesterday as the SP hit a new high. The slight retreat should not be a concern for shareholders that got in early. IMO
POE share price might not give a true indication anymore as they raised 30 million + at $9.15 a share.
DYOR
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The shares have risen strongly since the drilling update. IMO the result has been factored in the SP but im happy to be wrong as im holding for the med term.
Good to see high vol yesterday as the SP hit a new high. The slight retreat should not be a concern for shareholders that got in early. IMO
POE share price might not give a true indication anymore as they raised 30 million + at $9.15 a share.
DYOR
Ai caramba!
What's happening here now?
0.61 this morning, now 0.59.
Low of 0.58
Mamamia!
Are you guys selling
Its some idiots selling it down again, happened before last announcement too. I am not worried at all. DOYR
I must say im suprised in todays movement down. I should re phrase "slight retreat". Maybe its traders getting nervous who knows but im sticking solid for now. I bought my last batch at .535 so im still up.
Next few days will be interesting. It is unusaual for there to be a leak in regards to CVN. We will soon find out .......
DYOR
Next few days will be interesting. It is unusaual for there to be a leak in regards to CVN. We will soon find out .......
DYOR
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Well i suppose that todays loss has just as much reason as yesterdays gain...ie all speculation on no new news. I think that the announcement has been peddled on other forums as being early this week, ie monday or today and thats what drove the price up friday and yesterday, when it didnt come out some short traders decided to sell and buy elsewhere worried that there money could be tied up for too long if there was a delay in announcement, which is allways possible. I allways had this thursday pegged for the announce.
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Well the retracement worked just fine for me to get in at 60c
Now I just have to set some stops to prevent my screw ups like many times before.
Now I just have to set some stops to prevent my screw ups like many times before.
I wonder if people even read anything more than a skim of the announcements ("if they read them at all" ..... Many must base their buying/selling just on market movements). Even someone with no knowledge about the exploration of an oil field shouldn't come to the conclusion that barren holes mean thats the limitation of the field. Although the 3d seismic is as good as it gets for positioning targets for drilling .... its not perfect and investors must realize it can lead to dead holes.
The thing for a shareholder is to look at the long term viability taking into account the likelihood of more success. A big part of investing is to have a clear understanding of the managements talent for running the company. Some companies have had a lot of luck and their shareprice shows it but for me (as a long term investor) I prefer to put my faith in companies with the best management and those whom are not just out for a fast $$ in directors fees without regard for shareholders interests.
I just wished I had a lazy 40-50k laying around to pickup some more CVN on the senseless dip yesterday. With a strike of reasonable size, you would imagine the 0.70c barrier would be very close to happening,
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i agree CGF...however i have some tucked as long term and some as medium term (being next year).
does anyone have an extrapulation of how conventional logs would indicate the best potential volcanic reservoir to date. I googled this on wireline logs http://www.glossary.oilfield.slb.com/Display.cfm?Term=wireline%20log but it gives a whole range of possible logs that could be produced, including down hole sampling. Does anyone know what specific measurements may have been taken in this hole. I imagine logs would be different for gas compared to oil???
does anyone have an extrapulation of how conventional logs would indicate the best potential volcanic reservoir to date. I googled this on wireline logs http://www.glossary.oilfield.slb.com/Display.cfm?Term=wireline%20log but it gives a whole range of possible logs that could be produced, including down hole sampling. Does anyone know what specific measurements may have been taken in this hole. I imagine logs would be different for gas compared to oil???
Well the retracement worked just fine for me to get in at 60c
Now I just have to set some stops to prevent my screw ups like many times before.
Nice entry IMO
Even those who bought at 66 wont have long to wait to get back in the black.
Looking at the chart at first glance you would expect a retrace to 48 or so, but we followers know the price has run because of success after success.
Bought another parcel at 60 too. Bring on the next success.
Attachments
Just wondering if someone can tell me who re rates a company? And what are the benefits of a re - rating?
In Hartley's report they believe that the Company will be re-rated
as it achieves self-funding status and expands its development, appraisal
and exploration activities.
Regards
Robert
In Hartley's report they believe that the Company will be re-rated
as it achieves self-funding status and expands its development, appraisal
and exploration activities.
Regards
Robert
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Anyone buying more now?
0.57, my fingers are itchy to press Buy.
Seems very quiet these few days for CVN. When is the next report coming out?
0.57, my fingers are itchy to press Buy.
Seems very quiet these few days for CVN. When is the next report coming out?
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Next report was due yesterday or today. Rereading last announcement it looked good so not sure what the hold-up is. They did have a second zone confirmed in the current well so maybe they decided to test both levels. Who knows? Waiting patiently.
Robert (Bob or Rob??) - I think they are referring to 'the market' re-rating the company - ie. sp climbing to new levels - as the company progresses - proving resources etc, and risk is reduced.
