This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

CVN - Carnarvon Energy

Jump to new
Mate GG or Governor General whichever is right, I am biased as holding CVN.
Will expand on any further down turn.
The risks from CVN are distributed unlike others.
Whatever you expand DYOR ???
 
Miner said:
Mate GG or Governor General whichever is right, I am biased as holding CVN.
Will expand on any further down turn.
The risks from CVN are distributed unlike others.
Whatever you expand DYOR ???
Click to expand...
Sorry mate, the last person I asked advice from was Rene Riven shortly before he passed away, so I've discounted his ever since. Dying is not a good portend for advising on the future. It was a good wake and I appropriated some of my losses, such bling.

May I rephrase that.

I see that you and @Dona Ferentes are looking at this piglet as I have myself over many years.

Quo vadis? Sitting or waiting? It has been off my radar but I note it is imitating the first Mrs Gumnut's nightie on our wedding night.

BYO

ATM

gg
 
I'll just pop up a 5 year weekly of CVN. It does tend to disappoint. I do remember many of the techies on ASF, and I, back in 2018 trading this piglet from 13c up to 65c and being doubted by the fundamental chappies for bailing out as it turned down.

Such is life. It went from 40c to the sixties again, a year or so later.

Since then pain.

In 2020 @Miner and I from memory stalked it at 21-24c when it took off, but it was hard work.

It seems to be back at 20c again.

I think I'll leave it to the Riverview boys atm. ( ATM = Automated teller machine NOT At the moment so that I do not end up in front of some drunken coke addled beak for giving advice. )

BYO




gg
 
Last edited:
GG
You are funny. But I speak no English too. All I said earlier was, that I am holding and waiting but will not sell out as it is all paper loss now.
 
FID for the Dorado development has been deferred. CVN down 17.5%.

Dorado looks like a good development to me, so the deferral is a bit of a surprise.

STO obviously thinks their money is better spent elsewhere at the moment. They've given FID to Pikka in Alaska today.
 
Miner said:
GG
You are funny. But I speak no English too. All I said earlier was, that I am holding and waiting but will not sell out as it is all paper loss now.
Click to expand...
My patience did not go well today and would worsen when everyone's read the announcement to decipher why the ##$$CEO was pleased to announce it. Must be a saddest ?
 
I have been in and out of CVN, an oiler and gasser off the coast of WA, for many years, purely on a friend to nemesis basis, often with profit.

It is languishing quite low atm. price wise, about 16c.

I trust some bigger suitor will take it out via takeover in September, the month of blood letting, coming up towards October.

gg
 
@Garpal Gumnut Dear GGwh
I have to buy a good red for you if the takeover really happens. At the point the only red I see with CVN with its constant downwards price

All the best to current CVN holders sitting on red and who invested now to be pink
 
For any followers of the Wyckoff Method of TA the CVN chart is looking set for a rebound.

Hopefully before 30th Sept.



gg
 
CVN is my pick again for the October Comp. Reasons are unchanged. Imo just a matter of time before a t/o.

Good gas finds. Not big enough to produce in the present environment by the company.

gg
 
CVN has to be a t/o target or JV with another gasser/oiler.

Close to Asian markets in a State that barely agreed to Federation and has regretted it ever since.

My pick again for the Nov 22 competition.

gg
 
@Miner

I'm quietly confident that I'm going to win the Competition with CVN this month.

Note the narrow price range and the bullish divergence on the RSI.

ps. Don't mention it to @debtfree.

gg

 
The Canarvon faithful will be like Trump supporters, looking for a new idol.

I assume CVN is still drilling their Dorado project. It's never really been a gusher.

As for that price chart, looks like the tracks of a drunk fly trying to walk a straight line with a few lurches to the left and right.
 
Well it is time to post on CVN again my pick in the Dec. Competition.

Gas and Oil are where to be in these troubling times. You may lose if the earthlings suddenly become less voracious, greedy and warlike.

On the other hand if they continue their past behaviour CVN could benefit. It's been doing sweet bu**er all for the last 3 months.



gg
 
CVN is a strange and under-rated beast ATM.

1. Dorado as a compelling development asset that will get sanctioned, funded and developed at the appropriate time;
2. Pavo which substantially increases our liquids base and is an outstanding tie-in development to extend the Dorado production plateau;
3. Huge exploration upside potential in the Bedout sub-basin which we plan to progressively capture; and
4. Our biofuels project which is a real business opportunity and provides important balance to our portfolio as the world undertakes a progressive energy transition.
We are resolutely focused on delivering these value-adding workstreams, as well as new opportunities, all of which in turn will be reflected in our share price performance in due course

I agree so it is in My Jan 2023 tips as well as My yearly 2023 tip to do well.

It's at NTA Per Share ($)
Cash On hand.
Ticks the Renewables Box.

They just have to make good on their potential and start making a profit.
At this price they are also a takeover target.
 
You must log in or register to reply here.

Similar threads

August 2024 DDD
2 3 4
Replies
75
Views
19K
ducati916
EW - East West Petroleum Corporation
2
Replies
29
Views
7K
TacoTed
Y
CCU - Cobar Consolidated Resources
2 3
Replies
54
Views
22K
battiwallah
ROG - Red Sky Energy
2 3
Replies
59
Views
23K
greggles
Y
AEL - Amplitude Energy
7 8 9
Replies
176
Views
40K
System
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...