Australian (ASX) Stock Market Forum

CVN - Carnarvon Energy

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aus_trader said:
First a couple of stocks, coming off the base: CVN
Click to expand...
on the potential breakout alerts thread

Doubt that I'll act on it but that CVN chart looks like it's going to move - CVN one of a tiny list of oilers that I've considered in recent years. Brings to mind that good video interview on the WHC thread promoting energy stocks at what appears to be near a cyclical low - "if you're not buying oil now you never will", paraphrasing.
Then again my guru @DaveHcontrarian thinks oil initially going higher then crashing again, along with everything else in the 2021 global bust :watching:
 
Screenshot_20201126-000525.png
 
@Miner Remember when CVN found a whole lot of oil and price went from 0.15 to 0.65 quickly. Then it went back down to 0.30 and we' wondered if it was ever going to get back to 0.65 again. Seems like there's new believers. Price has broken over the 0.25 level. the chart does look bullish but it's CVN.

cvn2611.PNG


High volume bullish bar (HVBB) yesterday, few sellers today, can we anticipate another spike up soon?
 
peter2 said:
@Miner Remember when CVN found a whole lot of oil and price went from 0.15 to 0.65 quickly. Then it went back down to 0.30 and we' wondered if it was ever going to get back to 0.65 again. Seems like there's new believers. Price has broken over the 0.25 level. the chart does look bullish but it's CVN.

View attachment 115359

High volume bullish bar (HVBB) yesterday, few sellers today, can we anticipate another spike up soon?
Click to expand...
Pete - if you are right, then one bottle of Bin 389 for you :)
 
finicky said:
Then again my guru @DaveHcontrarian thinks oil initially going higher then crashing again
Click to expand...
peter2 said:
can we anticipate another spike up soon?
Click to expand...
My :2twocents
There's a good chance that was the spike.
Oil inventories at capacity again.
Tankers full. World covid numbers rising. Prices have to fall unless purchasing is propped up by China or other large entities... but, the world is awash with plenty of oil again.
That's not to say there might be a short term long trade out Carnarvon, just the macro's of the framework aren't grand.
 
Sorry Barpal, read but forgot to reply.
Garpal Gumnut said:
Ole Olive Oyle and Uncle Gas will be on the up.
Click to expand...

Haha, was only just looking at Olyve Oyl pictures the other day re Cobram business.
I didn't pop a eye over it though!

Not bullish on oil at the immediate present garps, based on short term occurrences.

Whilst I am for a medium term period, in current climate one needs to be careful where and when they enter, in general only, so as to achieve a profit from a trade or investment.
Nothing specific in that for Carnarvon though, just general or overall.

Not seeing anything particularly that catches my eye in the chart and no idea on funnymentals.

Screenshot_20210817-092223.png


Had mentioned in POO thread about factors, or rather indicators, I considered pertinent to the oil price.
Another indicator not mentioned that should be considered (imo) is the US Government's willingness to put pressure on, to keep a lid on the poo.

I'm really just trying to keep tabs on the point where worldwide demand is really outstripping supply again.

Delta covid has put a dampener on this previously considered outcome, and I'm coming to the realisation, that demand may never get to a decently over stripping supply scenario that will move the poo uphill far enough.
It was a cliff last year, but supply/ demand are appearing fairly well yoked and travelling together for the time being.

Having said that, I do believe the poo will have one last hurrah before it gradually succumbs to world EV/ lithium greener energies forces, most probably in the next 12 months, give or take.

As for gas, I don't know, haven't been eating much brassica lately...?

Edit; STO results out,
0.055 USD divvy on SP of $6.21
 
With this announcement https://cdn-api.markitdigital.com/a...pdf?access_token=00074yjMQPvNRRp3LAA4JjQxQJ4K
I believe, every thing will be ramp up and ramp down until Feb 22 and current holders will need to have patience !!!'
This could be a possible ramp up or infusing hope to current (like me) and probable investors . Incidentally Dorado Development FID is probably banking on the same as you can see here - MID 2022
1631155686296.png

with little luke warm with a low volume from Market for sure.
This news on Good Oil Conference is a bit BS to me as drilling can not happen in 7 to 9 weeks if the rig will not reach by then. Should not inactive ASIC challenges CVN for aligning facts together ?
On 2nd September company published the expected time line to mobilise rig to Buffallo 7-9 weeks
and then setting up time prior to start any drilling to start and now below news on Good Oil Conference is totally weird.

1631155798161.png


1631155590151.png
 
CVN finally showing some life again!
I'm looking for around 40-45c before we see real resistance (once we get through this weekly order block).
That area lines up with the 0.5 Fib level and bull flag targets.
weskw.png
 

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Miner said:
With this announcement https://cdn-api.markitdigital.com/a...pdf?access_token=00074yjMQPvNRRp3LAA4JjQxQJ4K
I believe, every thing will be ramp up and ramp down until Feb 22 and current holders will need to have patience !!!'
This could be a possible ramp up or infusing hope to current (like me) and probable investors . Incidentally Dorado Development FID is probably banking on the same as you can see here - MID 2022
View attachment 130077
with little luke warm with a low volume from Market for sure.
This news on Good Oil Conference is a bit BS to me as drilling can not happen in 7 to 9 weeks if the rig will not reach by then. Should not inactive ASIC challenges CVN for aligning facts together ?
On 2nd September company published the expected time line to mobilise rig to Buffallo 7-9 weeks
and then setting up time prior to start any drilling to start and now below news on Good Oil Conference is totally weird.

View attachment 130078

View attachment 130076
Click to expand...
CVN does tend to do this.

Uppsie daisy then downsie daisy.

I'll wait. And may be wrong.

gg
 
CVN one of my top picks for next year.
With their past drilling success, I think they are going to have 3 successful wells pushing the the price to new highs only to fade away depressing retail holders.
End of year will see a takeover
 
Als2own said:
CVN one of my top picks for next year.
With their past drilling success, I think they are going to have 3 successful wells pushing the the price to new highs only to fade away depressing retail holders.
End of year will see a takeover
Click to expand...
Where is the take over @?
 
CVN came out of trading halt rather one day https://cdn-api.markitdigital.com/a...ess_token=0007FTdEmxJUv5OcMCDDVxOWWk2Hearlier than estimated .
Drilling result is as per their estimate but 80 m below.
Did not find the word CVN was pleased etc buzz words though drilling result was satisfactory.
Just reading between the lines how the positive result has aligned with market expectation. Thursday market will advise.
I do hold CVN.
 

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