CVN - Carnarvon Energy

[It's Snake Pliskin]

CVN has peaked at .53cents and I see predictions in the thread of 50cents then 62 cents. Who sees it as a continuing rising price either from technical or fundamental criteria and how would the future price of oil be factored into the price?

 

[JTLP]

CVN has peaked at .53cents and I see predictions in the thread of 50cents then 62 cents. Who sees it as a continuing rising price either from technical or fundamental criteria and how would the future price of oil be factored into the price?

Hi Snake,

CVN has a pretty bright future. It's run up to the 80's last time had less of a success story than now.

Drilling thus far in the new area (I think NSE or WBEXT) has proven to be 100% successful; 1 of the wells drilled has had the highest onshore flowrate in Thailand; and a lot more drilling to come.

There are also pending farm-out agreements off the coast of WA, drilling in L20/50 I believe in the 4th QTR with SUR and maybe something in the mix with Indo & Pearl Oil for more drilling in Thai.

Sorry I'm a bit tired but there is still a lot to love about ole CVN. I think you'll find that the volatile trading today has been a result of people gearing up on Monday and Tuesday for an ann out of Thailand (due around now).

 

[UMike]

I agree with JTLP although I sold 2/3s of my holdings at $.525

I'll be happy to pick up half of that thrid at around 48c if it gets there.


Expect a bit of choppy trading for a while. Also the floods in Thailand may have some short term effect.

 

[UMike]

I agree with JTLP although I sold 2/3s of my holdings at $.525

I'll be happy to pick up half of that thrid at around 48c if it gets there.


Expect a bit of choppy trading for a while. Also the floods in Thailand may have some short term effect.

Nice dip to 47c

Picked up where I left off @47.5c.

Hopefully a couple of the below predictions come to light.

 

[It's Snake Pliskin]

Thanks for the replies guys. I have some and just curious as to what the current mood was.

 

[growing]

Thanks for the replies guys. I have some and just curious as to what the current mood was.

It is shame CVN ran out of steam so quickly..

I hold, in fact I have slowly increased my holdings over the years but I can't hold them forever. My exit plan is the $1 mark. It has been my exit plan for years and here I sit at 45 cents..

Despite the unpredictability of volcanic reservoirs on production rates, I believe this stock does not deserve this treatment.

But I am also bias.

 

[Garpal Gumnut]

Thanks for the replies guys. I have some and just curious as to what the current mood was.

I'd hang in mate. I've fallen for a prominent Green lady in Spring Hill who has banned my notebook and can only post from Internet cafes when let out to buy soy milk, ouzo and falafel ( don't ask ).

I'll post a chart when I return to the safety of Lennons.

gg

 

[Garpal Gumnut]

I do like an oiler that can bounce off a round number like 40c.

CVN has shown resilience and on the volume and price action looks set for a move up.

40c has been support and resistance many times for CVN.

gg

 

[lvsmr2]

Hi,

What gives with CVN's share price? I'm assuming their announcement today wasn't what investors were expecting? Really disappointed in the share performance of late considering where the oil price is at the moment.

 

[It's Snake Pliskin]

I bought on bullishness and have had nothing but bearishness since.

 

[It's Snake Pliskin]

I'd hang in mate. I've fallen for a prominent Green lady in Spring Hill who has banned my notebook and can only post from Internet cafes when let out to buy soy milk, ouzo and falafel ( don't ask ).

I'll post a chart when I return to the safety of Lennons.

gg

And what are your thoughts on this now? Does the falafel help in situations like this?

 

[lvsmr2]

And what are your thoughts on this now? Does the falafel help in situations like this?

I think this stock needs more than a falafel to get out of the dog house.

 

[It's Snake Pliskin]

I do like an oiler that can bounce off a round number like 40c.

CVN has shown resilience and on the volume and price action looks set for a move up.

40c has been support and resistance many times for CVN.

gg

GG, See it has dropped below it today just a little.

I'm munching on cereal and having coffee thinking away.

 

[Aargh!]

I do like an oiler that can bounce off a round number like 40c.

CVN has shown resilience and on the volume and price action looks set for a move up.

40c has been support and resistance many times for CVN.

gg

Hi Garpal,

Was wondering what you're thoughts are with the current chart?

Cheers

 

[Garpal Gumnut]

Hi Garpal,

Was wondering what you're thoughts are with the current chart?

Cheers

Please excuse me for not replying to earlier posts on CVN, I've been busy getting everything I can out of the ASX, in to Cash, Gold and Property.

CVN does not look good, a concern as it is an Energy/Oiler.

It may find support at 30c.

When I'm in doubt I look at a longer term chart, which I enclose. In the present climate, it would appear that it has little or no support between 30 and 40c, there are more sellers than buyers and on the daily basis it closes towards its lows ( chart not included) , its also fallen 4% this am. So for buyers 30-31c may be a good entry, for sellers its too late.

gg

 

[Garpal Gumnut]

CVN continues to retreat.

Do not imho, be comforted any holders, by the recent rise.

I'm still guessing it will reach the low 30's , maybe lower.

Watch for a sell down on high volume, really high, not just this mickey mouse stuff recently and then a close close to the high for the day, it seems to be a pattern with CVN, when its ready to take off up again.

gg

 

[lvsmr2]

CVN continues to retreat.

Do not imho, be comforted any holders, by the recent rise.

I'm still guessing it will reach the low 30's , maybe lower.

Watch for a sell down on high volume, really high, not just this mickey mouse stuff recently and then a close close to the high for the day, it seems to be a pattern with CVN, when its ready to take off up again.

gg

Any ideas on where the SP is heading at the moment? Even though the SP has been abismal of late, I cant believe on top of that, that it's the worst performer today as well. Cut CVN some slack here.

 

[LifeChoices]

Any ideas on where the SP is heading at the moment? Even though the SP has been abismal of late, I cant believe on top of that, that it's the worst performer today as well. Cut CVN some slack here.

I noticed a turnaround in support for CVN for the first time in weeks. I'm punting that they will be heading North for a while.

 

[pixel]

I noticed a turnaround in support for CVN for the first time in weeks. I'm punting that they will be heading North for a while.

Could be worth a punt - with a very short leash/ tight stop. Last two candles are green.


but the weekly chart looks still "bluddy awful" and I wouldn't take my eye off it were I to hold with a longer-term view. (not holding any atm)

 

[LifeChoices]

Could be worth a punt - with a very short leash/ tight stop. Last two candles are green.

Yeah it was worth the punt - got rid of them today.

My half baked, two bit trading idea said today it's time to sell. Made a nice little 18% profit on them though in a few days.

Kind of feel sorry for the person I bought them off, but then again - maybe I bought my BNB shares from them.