CVN - Carnarvon Energy

[Garpal Gumnut]

Thanks for your TA gg. Hope you get the call right. I still hold. Waiting with more cash though if we do get that October wobble.

It seems to have some legs again. .565 closed today. Its always nice when TA gives a win, it will be interesting to see how far it goes before it consolidates again. Holding CVN never did anyone any harm that I know of.

gg

 

[Out Too Soon]

It seems to have some legs again. .565 closed today. Its always nice when TA gives a win, it will be interesting to see how far it goes before it consolidates again. Holding CVN never did anyone any harm that I know of.

gg

Wish I was holding from .50 instead of .82 yes it's moving again, I just got over confident before Still confident with this stock but I try not to be long term negative holder in anything= yet another lesson learnt

 

[skc]

The up move last month was a lot more impulsive. But this leg seems to have slightly less strength behind it. Next minor resistance at $.625, followed by a larger one at $0.8.

Holding CVN never did anyone any harm that I know of.

gg

I was looking at my CVN statement and got a paper cut from it..

 

[Garpal Gumnut]

My only worry is Thailand, they revere a king who must have never seen reality and is probably just an ordinary Joe Blow (excuses Joe).

The other concern is that the Thais sell their women and children into prostitution, a sure sign of a sick society.

The chart looks good though.

I worked for a while for a guy called Sihanouk, who was variously king, prince. pm etc of Cambodia in early 1975 and he was crooked as ****.

So when the ole King of Thailand hits the tiles god knows what will happen.

Anyway they are giving him antibiotics and reverence. And cvn's future is tied to Thailand's future.

I'll be selling at the highs

gg

.

 

[Out Too Soon]

My only worry is Thailand, they revere a king who must have never seen reality and is probably just an ordinary Joe Blow (excuses Joe).

The other concern is that the Thais sell their women and children into prostitution, a sure sign of a sick society.

The chart looks good though.

I worked for a while for a guy called Sihanouk, who was variously king, prince. pm etc of Cambodia in early 1975 and he was crooked as ****.

So when the ole King of Thailand hits the tiles god knows what will happen.

Anyway they are giving him antibiotics and reverence. And cvn's future is tied to Thailand's future.

I'll be selling at the highs

gg

.

Garpal if you worked for Sihanouk & therefore I suspect spent time in the region I'd expect you would have more knowledge of Thailand.
Anyway, my experience of Cambodia was that anyone connected with or working for the govt (2005) are as corrupt & dirty as you can get right down to the lowliest public servant.
Thailand has a lot of corruption in the public service/govt but not to the same extent. Also the King is a saint, not just in perception but in action, a very clever saint who has saved Thailand from mirroring Burma by his very careful behind the scenes diplomacy many times.
I am biased having lived in Thailand & married one but I have high hopes for the countries future & believe that King Bumiphols son will have no choice but to follow his fathers example. It is a Constitutional Monarchy with little power held by the King, his real power comes from the awe & love of his people, they will not feel the same way about his son until he proves he is at least half the diplomat his father is.
A few nasty animals sell there daughters into prostitution, others are kidnapped by trusted relatives & others by strangers, still others make a lifestyle choice leaving poverty behind. The problem is much worse in Cambodia where poverty is worse & the govt couldn't care less.

 

[UMike]

My only worry is Thailand, they revere a king who must have never seen reality and is probably just an ordinary Joe Blow (excuses Joe).

The other concern is that the Thais sell their women and children into prostitution, a sure sign of a sick society.

The chart looks good though.

I worked for a while for a guy called Sihanouk, who was variously king, prince. pm etc of Cambodia in early 1975 and he was crooked as ****.

So when the ole King of Thailand hits the tiles god knows what will happen.

Anyway they are giving him antibiotics and reverence. And cvn's future is tied to Thailand's future.

I'll be selling at the highs

gg

.

Must say I find this post rather sad. Coming from a redneck QLDer that has buried his AKK in his back yard 12 years ago in case the reds invade. Probably goes over there to take advantage and exploit the "sickness".
If you dish it out can you take it.
Thais love their King and it will be interesting to watch the Country move on from his passing, whenever that happens. And it may be sooner than later. They have no heir apparent that is anywhere near as revered. The politics is also ruled by the Bangkok elite so the country could be divided more than ever.

However I am sure that, as usual, the country will operate business as usual with minimal actual disruption to production.


disc - Small holder of CVN over medium term trades
disc disc - Huge knowledge and respect for Thailand and it's people.

 

[Out Too Soon]

****
However I am sure that, as usual, the country will operate business as usual with minimal actual disruption to production.

The amazing thing about Thailand is the army can be shooting democracy protesters burning buildings & buses in Bangkok & the rest of the country is calm as with very much business as usual. I'm thinking in particular of 1990/91, freinds were in Bangkok & simply stayed in doors for a few hours over a few days & went out during the quieter periods to photograph the bloody protesters & gun toting army lines. I was in sth Thailand watching it on TV with the locals.
Once again the King stepped in after a few days of looming Anarchy, brought the opposing sides (evil General Suchinda & good guy Bangkok Mayor) together & made them come to an imperfect but workable agreement. Other countries tear themselves apart while Thailand continues to democratise & grow.

 

[UMike]

The amazing thing about Thailand is the army can be shooting democracy protesters burning buildings & buses in Bangkok & the rest of the country is calm as with very much business as usual. I'm thinking in particular of 1990/91, freinds were in Bangkok & simply stayed in doors for a few hours over a few days & went out during the quieter periods to photograph the bloody protesters & gun toting army lines. I was in sth Thailand watching it on TV with the locals.
Once again the King stepped in after a few days of looming Anarchy, brought the opposing sides (evil General Suchinda & good guy Bangkok Mayor) together & made them come to an imperfect but workable agreement. Other countries tear themselves apart while Thailand continues to democratise & grow.

Hi OTS.
I could debate the "continues to democratise" and the effect of the (very unpopular) Princes Son will have after the Kings death. (Hopefully the youngest daughter will find a way to become Queen.)
One thing we share in common is a realistic view of Thailand not corrupted by 3rd hand innuendo and generalisations.

I feel that for companies like CVN and KCN, politically, business will be pretty stable no matter what will happen.

 

[Out Too Soon]

Hi OTS.
I could debate the "continues to democratise" and the effect of the (very unpopular) Princes Son will have after the Kings death. (Hopefully the youngest daughter will find a way to become Queen.)
One thing we share in common is a realistic view of Thailand not corrupted by 3rd hand innuendo and generalisations.

I feel that for companies like CVN and KCN, politically, business will be pretty stable no matter what will happen.

Too true on every point UMike I just optimistically glossed over the details for the benefit of CVN followers, our conversation had drifted :topic

Hovering around .58 today, hope it breachs .62 soon while the rest of the market is bouyant.

 

[glendem2]

CVN has not triggered a Long term BUY signal. Price dropped to 51c (02OCT).

DAILY
58c (50ema) has only been broken once over the last 3 months on 17SEP
48c (200ema) has been providing support.


WEEKLY
52c (50ema) is acting as support. Watching for a break below this month. If 52c does not hold, then I will wait for support at 200ema.

35c (200ema) is a Long term BUY price and been strong support for the last 3 years.

SP fell below 51c (29Oct). Retest of low 47.5c (02Sep) looks possible in the next few days. If the price breaks below 47.5c, then I would wait to see the SP find it's next level (possibly down to 36c). CVN is over sold on the Daily Stoc (7) and RSI (36) heading south. A bounce in the share price is due next week to fill the gap at 52-53c

Watch for major price moves on the last day of the month - Friday 30th October. On 30th July the shares fell 5c. On 30th August the shares fell 6c. On 30th September the share fell 1.5c. A test of support around 45c should bring out the BUYERS.

 

[growing]

Well I'm no longer the "stock" guru I thought I was ... the market has a way of completely destroying any EGO you have !!

Look at this flat stock price.. Anyone would think the company was running at a loss !! It's only successfully pulling out one of the most desired and limited energy source on the planet - no problems at all with many other projects in the pipeline...

 

[condog]

Well I'm no longer the "stock" guru I thought I was ... the market has a way of completely destroying any EGO you have !!

Look at this flat stock price.. Anyone would think the company was running at a loss !! It's only successfully pulling out one of the most desired and limited energy source on the planet - no problems at all with many other projects in the pipeline...

Then why did you get out of it...Its a great company , rapidly growing, simply waiting for its next big result to be released....

Patience my friend....

 

[Out Too Soon]

Then why did you get out of it...Its a great company , rapidly growing, simply waiting for its next big result to be released....

Patience my friend....

It depends what side of the fence your on doesn't it. I'm a long term holder by mistake & essentially have to wait until the inevitable upswing. Some mobs are saying BUY some are saying SELL. I know it'll come good soon but are there better (surer) short term stocks out there- probably Very good long term investment if that's your goal though

 

[growing]

Then why did you get out of it...Its a great company , rapidly growing, simply waiting for its next big result to be released....

Patience my friend....

Sorry I was venting, I am still holding this one and have for a couple of years .. in fact I bought more a few months ago but it has just tested new "recent times" lows at .49 cents .. incredible ... Too bad if I get short on cash and need to sell :s

CVN should rub their profits in everyone's faces and pay a tiny dividend to shareholders - just to remind everyone they are in POSITIVE cashflow and are in good shape to continue making a profit. That will show up all those silly sellers out there lol

 

[JTLP]

Sorry I was venting, I am still holding this one and have for a couple of years .. in fact I bought more a few months ago but it has just tested new "recent times" lows at .49 cents .. incredible ... Too bad if I get short on cash and need to sell :s

CVN should rub their profits in everyone's faces and pay a tiny dividend to shareholders - just to remind everyone they are in POSITIVE cashflow and are in good shape to continue making a profit. That will show up all those silly sellers out there lol

Rather they grab some more land or distressed oiler outside of S.E Asia.

Also there is no great rush to buy CVN...bit of a steady downtrend since the early 70 cent range. Support around this 49 cent mark but if it falls through that then i'm looking at 40 cents to get some more.

 

[mkelpie]

2 ASX releases in 2 days!

Can anyone with some tech. analysis skills give their thoughts on the WA offshore announcement?

 

[growing]

2 ASX releases in 2 days!

Can anyone with some tech. analysis skills give their thoughts on the WA offshore announcement?

Hmmm yeah I think that would be interesting to factor into the share price value but i have noticed a steady increase in its share price over the last few days ??? The market seems to be closing in the usual yearly "Santa Clause" finish ?? Seems to happen every year - despite this though, CVN seems to be rising steadily again .. early days though.

I don't think Thailand would have had any problem approving a mining permit with their 40% tax rate - hehe

Anyway, HAPPY HOLIDAYS from NEW YORK CITY !!

 

[Garpal Gumnut]

Somebody reckons CVN is good value.

It did look as if it would break below 48c for a while there, but it now has some legs with longer bars on higher volume and is heading up again.

If it goes through 62.5c it may be worth buying on a retest of that level.

Isn't it exciting. I do hope the King stays well and takes his Vitamin CVN.

gg

 

[growing]

Somebody reckons CVN is good value.

It did look as if it would break below 48c for a while there, but it now has some legs with longer bars on higher volume and is heading up again.

If it goes through 62.5c it may be worth buying on a retest of that level.

Isn't it exciting. I do hope the King stays well and takes his Vitamin CVN.

gg

Hahahahaha, good one !! Nice to see some wit on here

.615 cents, ALMOST THERE !!! Yes it's exciting .. The King will be very relaxed when he gets his 40% cut - that makes him the biggest shareholder??? haha!

 

[Garpal Gumnut]

Hahahahaha, good one !! Nice to see some wit on here

.615 cents, ALMOST THERE !!! Yes it's exciting .. The King will be very relaxed when he gets his 40% cut - that makes him the biggest shareholder??? haha!

Just be careful here, the heart tells one to go long but it may retrace and just range between 62.5 and 48.5. It needs to break through and then retrace.

No emails from HM this am, I do hope he is ok.

A chart.

gg