This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

CVN - Carnarvon Energy

Jump to new
A bit disappointing these results... The news on the tankers is good but everything else is s... Take care tomorrow it will be shaking time...
 
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 :
 
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.
 
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?
 
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...
 
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.
 
Yep, oversold but high probability of worse to come with more bad news out of USA due over the next few nights.
 
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
 
just shows there is no such thing in the oil/gas game as a hi probability strike - no matter how phobic the ramping
 
tech/a said:
CVN
HEG
NCM

All stops Fridays highs.
Short term trades.

Not recommendations,posted in answer to the question.
Click to expand...

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
-
 

Attachments

  • CVN 160108.png
    11 KB · Views: 473
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.
 
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 .
 
0.48....here comes the panic dumping. I'm getting some great entries here.
Possibly better to come.
 
Well done MS for getting out on your exit signal in the sixties.
Must be nice scooping up now at much lower prices.
But why now? I would have thought you would have waited for an entry signal, which hasn't happened yet.
 
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.
 
CVN news out!

Signing of another basin with Thai govt.

Does anyone know what;s the price now? Did it jump?
 
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.
 
WOW!

Great news for CVN holders!!!

Sole Applications for 2 new Blocks and a great quarterly...

But wait...what is going on here? She is not moving...somebody give me some T/A...F/A looks shmick! Consolidation before next up-leg?
 
You must log in or register to reply here.

Similar threads

August 2024 DDD
2 3 4
Replies
75
Views
19K
ducati916
February 2025
2
Replies
33
Views
2K
ducati916
EW - East West Petroleum Corporation
2
Replies
29
Views
7K
TacoTed
Y
CCU - Cobar Consolidated Resources
2 3
Replies
54
Views
22K
battiwallah
ROG - Red Sky Energy
2 3
Replies
59
Views
23K
greggles
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...