CVN - Carnarvon Energy

Ezyoptions · 14 January 2010

CVN - Canarvon Petroleum

Fundamentally this stock is poised for growth. Strong balance sheet and good management. Iv'e held since 2007. Anyone share my views? Would be great to hear from you.......

Motogoon · 14 January 2010

I share your views but i wish it would go up a bit faster because i want to buy a new motorbike & i need the money!

UMike · 15 January 2010

Motogoon said:
I share your views but i wish it would go up a bit faster because i want to buy a new motorbike & i need the money!

Ahhh a trade of a CVN for a CBR.

In my opinion it is under performing.

esp when it is compared to the All Ords.

If it just caught up to the All Ords then we could see it hit ~90c

skc · 15 January 2010

UMike said:
Ahhh a trade of a CVN for a CBR.

In my opinion it is under performing.

esp when it is compared to the All Ords.

If it just caught up to the All Ords then we could see it hit ~90c

Why compare an oil company with the all ords? Wouldn't plotting against the oil price be more meaningful? And even if you compare CVN to all ords and it's lagging, it could be the all ords that fall rather than CVN that rises to match it.

On the CVN charts... what's so magical about 62c? No idea but a strong break and retest would offer a great tight entry.

Garpal Gumnut · 15 January 2010

skc said:
Why compare an oil company with the all ords? Wouldn't plotting against the oil price be more meaningful? And even if you compare CVN to all ords and it's lagging, it could be the all ords that fall rather than CVN that rises to match it.

On the CVN charts... what's so magical about 62c? No idea but a strong break and retest would offer a great tight entry.

I'm out of CVN atm, am all in cash, sold all my stocks this week.

I reckon it will probably drift sideways with some risk to the downside for a while unless someone has a tilt at it for a t/o. If that happened it would go to about 80-90c is my opinion. Lets hope the ole king is taking his Vitamin CVN still.

gg

UMike · 15 January 2010

skc said:
Why compare an oil company with the all ords? Wouldn't plotting against the oil price be more meaningful? And even if you compare CVN to all ords and it's lagging, it could be the all ords that fall rather than CVN that rises to match it.

On the CVN charts... what's so magical about 62c? No idea but a strong break and retest would offer a great tight entry.

Why not ... Doesn’t make much difference as the below chart will display.

Most shares follow the sentiment generated by the general market if there are not other factors immediately affecting the SP. If the AllOrds fall to the gap you can be assured so will CVN. Lines on charts or not.

jancha · 15 January 2010

Garpal Gumnut said:
I'm out of CVN atm, am all in cash, sold all my stocks this week.

I reckon it will probably drift sideways with some risk to the downside for a while unless someone has a tilt at it for a t/o. If that happened it would go to about 80-90c is my opinion. Lets hope the ole king is taking his Vitamin CVN still.

gg

What happened to the ASX dropping down to 2200 by the end of 2009?
Wasn't that your prediction? Lol

Garpal Gumnut · 15 January 2010

jancha said:
What happened to the ASX dropping down to 2200 by the end of 2009?
Wasn't that your prediction? Lol

Yes, I'd agree, it would have to qualify as "muppet prediction of the year", lol

Winning is about trading though, not prediction and my little RIO saved this little piggy's bacon.

CVN is a good stock, but I'm out for the moment.

gg

condog · 15 January 2010

Good fundamental stock...I sold last week...back in some time in future...

Only thing I dont like is lots of exposure to Thialand and its relative political instability, and very high tax on OS oil companies.... base rate 60% + lots of other petty royalities etc from memory....

Please cross check that and DYOR

Garpal Gumnut · 24 January 2010

CVN is one of the best trading stocks on the asx.

I take it the ole king and the politicians are well and behaving themselves respectively.

Technically CVN is not. Its been in a trading range/channel of 13c or thereabouts since Sept 09 when a lot of big buyers pushed it up.

13 is a very unlucky number, so lets double it to 26. Often a range or channel will fall to the width of the range or its double.

As misfortune would have it a 26c drop would bring us back exactly to the lows of last year at 23c.

The bottom of the present channel is a 61.8% fibonacci retracement, so all may not be lost. It may bounce off this. If it goes through, hold on to your thai elephant, they fall a long way.

Sellers in the last few days have been giving it a good whack with their bhats. And on increasing volume and longer ranges.

I am out, and have been as I said above, but may get back in at the 23c mark, as I really like this stock.

There are 2 charts included , the first showing the channel/range with projections, and the second the fibonacci retracement.

gg

RazzaDazzla · 24 January 2010

Garpal Gumnut said:
I'm out of CVN atm, am all in cash, sold all my stocks this week.

I reckon it will probably drift sideways with some risk to the downside for a while unless someone has a tilt at it for a t/o. If that happened it would go to about 80-90c is my opinion. Lets hope the ole king is taking his Vitamin CVN still.

gg

Interesting Garpal... Probably not appropriate for this thread, but what is your reason?

Is it a EW reason? Think we have reached a wave 5 with the recent highs? Or another reason?

Garpal Gumnut · 24 January 2010

RazzaDazzla said:
Interesting Garpal... Probably not appropriate for this thread, but what is your reason?

Is it a EW reason? Think we have reached a wave 5 with the recent highs? Or another reason?

It is an EW reason but not on CVN
Its a bit off topic but my main reason for being all in cash atm is the end of an EW 5, on the XAO, combined with a failure to breach a previous XAO support/resistance level, that level being 5000, which is a very significant number psychologically for traders/bankers/funds/russian mafia and other market makers to buy through. If it goes through 5000 and retraces and heads on again I'll be be back, including in to CVN, as it has been good to me over the years.

gg

chart of xao

Trader Paul · 25 January 2010

Hi folks,

CVN ... astrostuff has us figuring on March 2010, as being a huge month,
as several positive time cycles come into play:

24022010 ... positive cycle ... finance-related ... ???

05-08032010 ... a positive spotlight on CVN

10032010 ... positive news expected, triggered by lunar aspect.

15032010 ... minor cycle here

22-26032010 ... a very significant and positive time cycle,
with more news expected 25-26032010 ...

have a great day

paul

=====

RazzaDazzla · 25 January 2010

Garpal,

Once again, not the appropriate thread; but XJO seems to be clinging above 4700 by the skin of it's teeth! What would change your thinking that perhaps this is the wave 4 and there is a wave 5 to come?

Garpal Gumnut · 26 January 2010

RazzaDazzla said:
Garpal,

Once again, not the appropriate thread; but XJO seems to be clinging above 4700 by the skin of it's teeth! What would change your thinking that perhaps this is the wave 4 and there is a wave 5 to come?

The xao looks like what I call "falling through the ice" on the charts. Only the apprentices were trading in Australia yesterday, the bosses and merchant bank guys were snorting in Toorak or Rose Bay, so there was low volume and it went nowhere.

The Yanks will be repatriating money through this week for protection against the slaughter to come in the US markets, so there will be sellers in our markets.

A funnymentalist mate told me that CVN has had some results which although OK, could have been better in some of their wells. Don't quote me on that as I don't follow funnymentals.

As for CVN's chart its still in the trading range. If it bounces off 48.5c it may go up to 63c.

I don't think it will, and I also agree with Paul's predictions , so good news may be in March.

RazzaDazzla · 27 January 2010

Garpal Gumnut said:
The xao looks like what I call "falling through the ice" on the charts. Only the apprentices were trading in Australia yesterday, the bosses and merchant bank guys were snorting in Toorak or Rose Bay, so there was low volume and it went nowhere.

Funny! though I'd say they were more likely in the toilet cubicles at a certain Night club on George St.

Rose bay is more of a Chardonay crowd with their snorting days a little behind them... but then again...

magnale · 1 February 2010

confused: Market has gone crazy... yet again : what else am I to say other then .. grumble.. and one hundred more : grumbles

eddyeagle · 5 February 2010

CVN holding up pretty well given the massive sell off in small caps and the price of oil. I got out a while back but am keeping my eye out for a good entry point in the future...

Garpal Gumnut · 5 February 2010

CVN will go down with the xao , unless there is a takeover. That's the only reason I have it in this month's ASF competition. a t/o pick in a falling market may win it.

gg

tunrida · 6 February 2010

Yes GG agree (or S GG S)
bears will maul below historically strong support of 50c - no clear target below

CVN - Carnarvon Energy

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