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CVN - Carnarvon Petroleum

Discussion in 'Stocks 0-H' started by yogi-in-oz, Jun 6, 2006.

sentifi.com

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  1. Out Too Soon

    Out Too Soon My real name is King Julian ;)

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    Thanks Pixel, heard of "selective hearing" well I was suffering from "selective reading" & only read what I wanted to read :eek: I should know better, Carnarvon have been getting nowhere fast for years :(
     
  2. spongebobby

    spongebobby

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    Could be offering a good entry here
     
  3. pixel

    pixel DIY Trader

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    Again, in today's update, they don't say they're "pleased", simply updating the Market about the new spudding and informing us that it may take 10 days.
    "Me no buy" ...
     
  4. Garpal Gumnut

    Garpal Gumnut

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    I have no idea what this mob are up to, I bought at 4c and sold for a good profit many years ago. A decade long monthly chart. It has always been a good charting stock.

    http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=AU%3aCVN&uf=0&type=2&size=2&sid=137552&style=320&freq=3&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=13&rand=220740851&compidx=aaaaa%3a0&ma=0&maval=9&lf=1&lf2=2&lf3=0&height=444&width=579&mocktick=1

    The daily over 3 months looks as if there is some buying support.

    http://bigcharts.marketwatch.com/kaavio.Webhost/charts/big.chart?nosettings=1&symb=AU%3aCVN&uf=0&type=2&size=2&sid=137552&style=320&freq=1&entitlementtoken=0c33378313484ba9b46b8e24ded87dd6&time=6&rand=441949833&compidx=aaaaa%3a0&ma=0&maval=9&lf=1&lf2=2&lf3=0&height=444&width=579&mocktick=1

    CVN may actually be worth keeping an eye on at 5.6c.

    gg
     
  5. pixel

    pixel DIY Trader

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    It seems the big boys are still selling. PULSE broker report shows net buyers are mainly online retail clients of NAB Online, ETrade, Aus Invest (Westpac), D2MX; although Citi is up there too; BTA, Morgan, UBS have been selling, but so did Commsec clients.

    CVN n 18-12-12.gif
     
  6. Garpal Gumnut

    Garpal Gumnut

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    Noice, very noice, a good blowoff may reveal support. Otherwise it is finito. It is about where I would buy, should buyers show with significant volume.

    gg
     
  7. pixel

    pixel DIY Trader

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    Have to add two "big" net buyers, which I missed in the small print this morning:
    "HarLim" has to be Hartleys Limited; "Macq" is of course Mackas.
    When I noticed them - especially Hartleys - as top net buyers, I checked back to the announcement of the recent 8.2c cap raising. Guess who were joint lead managers ...
    So, now their clients buy CVN. Could indeed be profitable to join them at these levels. ... at least till they're back around the spp level of 8.2c ...
     
  8. Garpal Gumnut

    Garpal Gumnut

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    Let us see the morrow.

    gg
     
  9. Garpal Gumnut

    Garpal Gumnut

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    There seems to have been some recent movement up in the price of this stock.

    It has been good to me and other ASF members in the past, I'm putting it on my watchlist again.

    gg
     
  10. Country Lad

    Country Lad Off into the sunset

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    I have it in my "waiting for a break" list.

    cvn 15 Nov 13.gif
     
  11. pixel

    pixel DIY Trader

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  12. UMike

    UMike Captain Klutz

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    Trading Halt

    Looking forward to some good news regarding Phoenix South-1 Well
     
  13. UMike

    UMike Captain Klutz

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    WOW...
    Geat news for holders up 196.3%

    Hard to assess this stock now as in, should profits be taken or stay for the ride.
     
  14. HAICHUN HU

    HAICHUN HU

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    The price up to 0.275 now.
     
  15. UMike

    UMike Captain Klutz

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    Yea, I got just over a third on sale for 29c meaning the rest are free carried.

    But don't really know what the stock is gonna do. Seems fairly weighted (Buyers/Sellers) atm.
     
  16. pixel

    pixel DIY Trader

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    It seems that "Elvis has left the building" - the smart money offloaded around 27c.
    Those that bought the top will probably rue being sucked in. Given the depth of the pullback - well below midpoint of the range, and now even hovering below 1-phi - I can see another wave of profit taking/ stop-lossing adding more downward pressure.

    CVN iFib 20-08-14.gif
     
  17. Anmar

    Anmar

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    Highlights
    ● Carnarvon reaches agreement to divest the balance of its Thailand assets
    ● Total cash consideration of US$58.2 1 million (A$68.5 million 2) payable on completion
    ● Sale further strengthens Carnarvon’s balance sheet with cash forecast to exceed A$100
    million immediately upon transaction completion
    ● Transaction consistent with Carnarvon’s renewed strategic focus on the North West Shelf
    of Western Australia, with extensive work programme expected for 2015
     
  18. pixel

    pixel DIY Trader

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    When trading resumed at 12 noon, the initial excitement was rather short-lived. Given current market mood, the subsequent sell-off isn't really surprising. Let's see where it'll close today.

    CVN i1c 04-12-14.gif
     
  19. pixel

    pixel DIY Trader

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    transferring discussion from Tape Trader's general Oil thread:

    CVN may indeed have found support earlier this year, when it fell back to 7c.
    However, I also see resistance at current levels, and I am in doubt whether this resistance is about to be broken or not. Some investors may take heart, interpreting the chart pattern of the latest 7-8 months as a Cup and Handle. However, the increasing volume of Friday's and today's sell-off suggest the opposite. :2twocents

    CVN am 25-07-16.png

    For now, I'll stay off all oilers.
     
  20. greggles

    greggles I'll be back!

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    Carnarvon Petroleum moving up today after an update on the Dorado-1 well.
    The CVN share price has just touched 17c and is looking like it might reach new highs soon.

    big.chart-CVN.gif
     
    peter2 likes this.

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