CVN - Carnarvon Energy

wonderrman · 29 April 2009

I am under the impression of a pump and dump scenario unfolding but as wonderrman pointed out , as long as you have a trailing stop loss , you should be fine.

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.

seasprite · 4 May 2009

wonderrman said:
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.

wonder.

this one is exceeding my expectations , fortunately I have made good trades elsewhere to make up for my exit . well done.

eddyeagle · 4 May 2009

wonderrman said:
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?

tarlox · 8 May 2009

in at 27.5 in october out at 54.0 today. Im Happy.

I will be looking to get back in with any major weakness

Garpal Gumnut · 8 May 2009

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

derbon99 · 12 May 2009

News out, L44-W is a success! 1220 bopd
Another piece of the puzzle is in place
Brilliant! Just continue like that!

Aargh! · 12 May 2009

Garpal Gumnut said:
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

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.

magnale · 12 May 2009

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!

Rob 17 · 12 May 2009

I bought a very large parcel at 52 cents when the shares were going down. Im glad i held on and topped up 30 cents.

eddyeagle · 12 May 2009

Up 19% today - what a gem!

I was topping up late last year when no one wanted anything to do with oil or equities and the rewards are now coming...

Congrats to all holders who stuck with this one!

wonderrman · 12 May 2009

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.

Go Nuke · 13 May 2009

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.

eddyeagle · 13 May 2009

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!

kingbrown · 15 May 2009

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 ??

quarky · 19 May 2009

kingbrown said:
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,

wonderrman said:
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.

then, it should be go up within the next few weeks, given stronger resource prices....well, that's my take on it.

i don't know how many BPOD they're up to or anything like that, anyway.

Rob 17 · 26 May 2009

This stock just keeps producing the goods.

Cash on hand(31 March 2009) $77 million Debt nil

Strong production & free cashflow:
- 1Q 2009 - 4,110 bopd net Carnarvon production
- +A$21.5 million revenue

No fuss management.

Rob 17 · 28 May 2009

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.

magnale · 28 May 2009

Yes I think we all do , even when it was 23 cents eventually I had no doubts about it returning to it's high ! It is such a well run company.

grace · 28 May 2009

magnale said:
Yes I think we all do , even when it was 23 cents eventually I had no doubts about it returning to it's high ! It is such a well run company.

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...

magnale · 29 May 2009

Yes, I guess : but if fundamentals are there ,and there is great management... and I'm a great admirer of Ted Jacobson. It is terrific to see such a well run company and any problems they have I'm sure they will solve them

CVN - Carnarvon Energy

wonderrman

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seasprite

eddyeagle

tarlox

Garpal Gumnut

Ross Island Hotel

derbon99

Aargh!

magnale

Rob 17

eddyeagle

wonderrman

Go Nuke

eddyeagle

kingbrown

quarky

Rob 17

Rob 17

magnale

grace

magnale

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