CVN - Carnarvon Energy
- Thread starter yogi-in-oz
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This is gonna get ugly. Traders will dump this like no tomorrow. Am going to try and pick the bottom like last time (snagged a nice packet at 46 cents).
CVN is still producting at a nice net (according to the POE ann CVN will truck 4000 bopd by late feb/march) which also correlates to the time that the production license is due!
Lucky they put in a tick about tankers
:
CVN is still producting at a nice net (according to the POE ann CVN will truck 4000 bopd by late feb/march) which also correlates to the time that the production license is due!
Lucky they put in a tick about tankers
:Really, CVN can afford to rest on its laurels for now.
They've got about 50 tankers running up & down the highway and still can't move all their oil!
It's a good time for them to be moving into new areas and testing more risky plays.
We can expect a higher percentage of duds for a while as they drill more exploration and development wells than production wells.
They've got about 50 tankers running up & down the highway and still can't move all their oil!
It's a good time for them to be moving into new areas and testing more risky plays.
We can expect a higher percentage of duds for a while as they drill more exploration and development wells than production wells.
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Wow hasn't it got smashed today!!
Down 18+%
Would the fact that WB1 has been abandoned re-rate the stock? How much was riding on it?
I'm kinda kicking myself for not selling at around 70c but I'm getting kind of use to making wrong decisions
I suppose CVN still has alot of upside, so i guess I will hold.
Anyone got any thoughts on where the sp will go from here?
Down 18+%
Would the fact that WB1 has been abandoned re-rate the stock? How much was riding on it?
I'm kinda kicking myself for not selling at around 70c but I'm getting kind of use to making wrong decisions
I suppose CVN still has alot of upside, so i guess I will hold.
Anyone got any thoughts on where the sp will go from here?
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yeah...not the best of timing for an announcement of a duster...i'm sure alot of buys today would have been people sitting on the side waiting for this opportunity. CVN has slumped around 32% in the past fortnite. I also think that alot of short to mid term holders are sitting on very good profits and hit the sell button when they see it drop by 1/3....unfortunately i think a market in turmoil can sometimes affect strong performing stocks more because there are alot more holders in profit.
My thoughts...
It'll either go up or down or sideways from here
Seriously it has been oversold today. Dow down, daytraders bailing, XAO smashed, stops hit...WB-1 was just the trigger but will be all forgotten about soon.
If the US rallies and confidence re-emerges, then we can resume normal trading and we'll look at this as an opportunity presented.
Not sure about tomorrow though, we haven't seen capitulation day on the asx yet...
It'll either go up or down or sideways from here
Seriously it has been oversold today. Dow down, daytraders bailing, XAO smashed, stops hit...WB-1 was just the trigger but will be all forgotten about soon.
If the US rallies and confidence re-emerges, then we can resume normal trading and we'll look at this as an opportunity presented.
Not sure about tomorrow though, we haven't seen capitulation day on the asx yet...
CVN oversold for sure. They miss one target and the DT's pull it down. Just remember they are producing oil, license to come blah blah.
And in regards to WB-1, from reading the report (feel free to correct me), that they will drill other parts of the field later on in the year.
And in regards to WB-1, from reading the report (feel free to correct me), that they will drill other parts of the field later on in the year.
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Yep, oversold but high probability of worse to come with more bad news out of USA due over the next few nights.
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I think your right tradesman - another ruff day tomorrow, US will go negative again in wednesday trade - Intel last qrt profits off wall streets expectations, this couple with inflation figures annoucement outside acceptable band - which will make US punters worried that the US reserve may not be as agressive with interest reductions as they may have when they meet on the 30th - another 1.5-2% tomorrow IMHO
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just shows there is no such thing in the oil/gas game as a hi probability strike - no matter how phobic the ramping
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I think that tech/a was onto the wave 5 completion by 81c when he posted on the 6th in the "Which stocks will you be shorting come Monday" thread.
If the 51c does'nt hold then it may be headed for sub 40c.
Intel is going to take the US down tonight, more despair (or opportunity) tomorrow.
Mike
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No Ordinary Duck
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CVN
Is very tempting with a low risk entry of 55c ish now and a stop of 52c
But I still feel that technically this will rally into the gap from 64c to 58c before testing these lows at 52.5c.
So patience will be my guide here.
Is very tempting with a low risk entry of 55c ish now and a stop of 52c
But I still feel that technically this will rally into the gap from 64c to 58c before testing these lows at 52.5c.
So patience will be my guide here.
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Just removed quite a few posts on this thread that were either:
(a) Ramping
(b) Personal attacks, or;
(c) Posts that quoted a ramp or a personal attack
If you feel someone is ramping please report the post(s) in question by using the report a post feature (clicking on the '
' symbol on the posts in question). Please do not resort to personal attacks.
(a) Ramping
(b) Personal attacks, or;
(c) Posts that quoted a ramp or a personal attack
If you feel someone is ramping please report the post(s) in question by using the report a post feature (clicking on the '
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Just removed quite a few posts on this thread that were either:
(a) Ramping
(b) Personal attacks, or;
(c) Posts that quoted a ramp or a personal attack
If you feel someone is ramping please report the post(s) in question by using the report a post feature (clicking on the '' symbol on the posts in question). Please do not resort to personal attacks.
Good point and nice to see reality has prevailed.
Thanks Joe and it would be nicer to see your message gets posted in all threads and not exclusive to CVN .
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0.48....here comes the panic dumping. I'm getting some great entries here.
Possibly better to come.
Possibly better to come.
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I've had an initial entry signal generated...just not a strong one and is countertrend to the XAO, so only bought a fraction of what I intend to eventually hold again. High probability of lower prices but I've learnt the hard way that trying to second-guess my signals rarely works...so I just bought smaller.
High probability of lower prices but I've learnt the hard way that trying to second-guess my signals rarely works...so I just bought smaller.- Joined
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CVN news out!
Signing of another basin with Thai govt.
Does anyone know what;s the price now? Did it jump?
Signing of another basin with Thai govt.
Does anyone know what;s the price now? Did it jump?
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I thought this basin was the same one previously talked about, and released by the media a month ago when it was first awared before CVN was aware of it.. Anyway I back on CVN I am confident to let this sit long term with my new entry price whether the market is up or down.
