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CVN - Carnarvon Energy
- Thread starter yogi-in-oz
- Start date
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- 21 September 2008
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- 368
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this one is exceeding my expectations , fortunately I have made good trades elsewhere to make up for my exit . well done.
Hello. Yes we are approaching some resistence between .47 and .50 cents. The stock has moved up fast so one would expect a retrace. My stop is tight.
Chart attached.
wonder.
Up 9% today. Has had a good run recently!
Just wondering how tight people keep their stops on this kind of stock?
I was thinking about setting a trailing stop loss but I havent used these before and was wondering what a good % fall would be to ensure i bank some profits?
Garpal Gumnut
Ross Island Hotel
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- 2 January 2006
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Lets hope the Thais keep to their usual business and don't bugger up this little darling.It looks good. I got in at 30lplus again.
If all seetles it will go gangbusters.
My chart service is down so will post one soon
gg
If all seetles it will go gangbusters.
My chart service is down so will post one soon
gg
Thanks gg. Your charts are always enlightening and your predicted trends seem to eventuate.
I too got back in during the 30+ range. Currently the only gem in my portfolio.
Have a lot of units in CVN and having bought them at different prices: that is 44cents to 75 cents . I have always felt confident about this company as I think it is superbly run and has the potential of Oil Search; having had some units in that company. ( My personal view only !)I hope you all stay with it!
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This price action has been really quite amazing. Volume has been staggering and this can usually be either very good or very bad for a stock.
My next major resistnece point on the chart is ~77c, I would be shocked (but delighted) if we went there without a pull back. The stochastic indicator does not suggest we are terribly over bought though. Will continue to hold happily.
My next major resistnece point on the chart is ~77c, I would be shocked (but delighted) if we went there without a pull back. The stochastic indicator does not suggest we are terribly over bought though. Will continue to hold happily.
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Bah I took profits the day before the ann at 55c and missed out on another 19% gain
I thought the sp was getting a bit over cooked, and now I think we could be looking at that gap being filled.
Oh well a profit is a profit I guess. I still hold some CVN though.
I thought the sp was getting a bit over cooked, and now I think we could be looking at that gap being filled.
Oh well a profit is a profit I guess. I still hold some CVN though.
Oh well a profit is a profit I guess. I still hold some CVN though.
No man ever went broke taking a profit as they say!
I took some profits off the table at 49c, then at 55c but still have a decent holding in CVN.
I learnt the hard way last year with so many stocks that got smashed after I had been sitting on big paper profits. Wont make that mistake again! Nothing wrong with locking in profits!
No man ever went broke taking a profit as they say!
I took some profits off the table at 49c, then at 55c but still have a decent holding in CVN.
I learnt the hard way last year with so many stocks that got smashed after I had been sitting on big paper profits. Wont make that mistake again! Nothing wrong with locking in profits!
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Fat P had another update that came out on wed night
Fat P had some very positive comments on the updside of the new oil find
" And saying "
that Carnarvon Petroleum is outstandingly
cheap stock !!Also Hartly's have a target of 83 cents on this stock
Note: looks to have been just released before the new confimed oil find
http://www.carnarvon.com.au/docs/CVN_External_20090512-Hartleys.pdf
Any comments on Fat P for CVN ??
Fat P had some very positive comments on the updside of the new oil find
" And saying "
that Carnarvon Petroleum is outstandingly
cheap stock !!Also Hartly's have a target of 83 cents on this stock
Note: looks to have been just released before the new confimed oil find
http://www.carnarvon.com.au/docs/CVN_External_20090512-Hartleys.pdf
Any comments on Fat P for CVN ??
Fat P had another update that came out on wed night
Fat P had some very positive comments on the updside of the new oil find
" And saying "
that Carnarvon Petroleum is outstandingly
cheap stock !!Also Hartly's have a target of 83 cents on this stock
Note: looks to have been just released before the new confimed oil find
http://www.carnarvon.com.au/docs/CVN_External_20090512-Hartleys.pdf
Any comments on Fat P for CVN ??
when is that target of $0.83 supposed to be hit, if in fact this is a 'cheap stock'?
it's re-traced to about $0.59 since hitting fresh highs of $0.68 and if wonderrman is right,
then, it should be go up within the next few weeks, given stronger resource prices....well, that's my take on it.wonderrman said:
i don't know how many BPOD they're up to or anything like that, anyway.
Some more good news
NSE-H3 New Pool Oil Discovery
The L44/43 concession located onshore Thailand is pleased to announce that testing of the NSE-H3 well has confirmed the discovery of commercial hydrocarbons in a previously untested volcanic reservoir approximately 45 meters in thickness at 610 meters true vertical depth (TVD). The well is currently pumping through the annulus and free flowing through the casing, 32 degree API oil at a stabilized rate of 840 bopd and a water cut of less than 0.5%.
At year end 2008, there were no reserves of any category attributed to this shallow volcanic zone. Pressure data and the slightly lower gravity of the crude oil (32 API vs 36 API), confirms this is a distinctly separate pool from the underlying main volcanic reservoir at NSE.
Love this stock.
NSE-H3 New Pool Oil Discovery
The L44/43 concession located onshore Thailand is pleased to announce that testing of the NSE-H3 well has confirmed the discovery of commercial hydrocarbons in a previously untested volcanic reservoir approximately 45 meters in thickness at 610 meters true vertical depth (TVD). The well is currently pumping through the annulus and free flowing through the casing, 32 degree API oil at a stabilized rate of 840 bopd and a water cut of less than 0.5%.
At year end 2008, there were no reserves of any category attributed to this shallow volcanic zone. Pressure data and the slightly lower gravity of the crude oil (32 API vs 36 API), confirms this is a distinctly separate pool from the underlying main volcanic reservoir at NSE.
Love this stock.
Yes, I'll drink to that! They don't seem to put a foot wrong do they? I bought this at 50 cents about 2 years ago and I'm pleased to see it back in profit for that time held. Actually, most of my energy stocks are and I wouldn't part with any of them. In fact, that is what I mostly hold these days (apart from cash). I suspect another oil spike on its way. Just my personal thoughts and of course, with nothing to back it up apart from my gut feel...
