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CVN - Carnarvon Petroleum

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

  1. BlindSquirrel

    BlindSquirrel

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    Nice.
    upload_2019-10-8_8-52-2.png
     
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  2. BlindSquirrel

    BlindSquirrel

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    and yet, we're back to the same SP as two weeks ago.

    I'm expecting a takeover offer at some point. At the risk of needing to reinforce this foil hat, something/someone must be holding the price down for their reasons. Any inklings of how long these shenanigans usually take to play out?
    There's been 4 positive announcements since the end of July when the placement closed and the price has been in the mid-high 30s since then.
     
  3. Ferret

    Ferret

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    I thought the positive end to the drilling campaign might have resulted in more of a share price response too.

    I didn't hold CVN but decided to buy in after this latest announcement. No profit yet.

    Dorado is looking so good that I, too, think a takeover is a possibility.
     
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  4. Ferret

    Ferret

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    upload_2019-11-28_23-32-34.png

    CVN has been looking a bit sick since I bought in early October.

    I guess it was a mistake buying just after the closing announcement for the Dorado drilling and when the next likely catalyst would be FEED go ahead in first quarter 2020.

    I saw a director bought this week. I'm tempted to average down at 33c, but it's a sick looking chart and that next catalyst is still a way off.
     
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  5. Trav.

    Trav.

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    Unfortunately I am in a similar position and should have sold in June but got sucked in by the hype and my greed. Obviously the oil isn't going anywhere but has tied up funds for other trade opportunities. Waiting patiently for the next move.
     
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  6. Trav.

    Trav.

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    Announcment out today following up Santos's yesterday.

    CVN up 3% yesterday which was nice for a change. I suppose until the finance option is sorted or some other option ( eg takeover) then the SP will probabl just drift along ( hopefully not much further down)

    https://www.asx.com.au/asxpdf/20191203/pdf/44c78tpdpgy2q7.pdf

    upload_2019-12-3_6-15-14.png
     
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  7. Miner

    Miner

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    Greetings CVN holders and watchers for a Merry Christmas and HNY
    Could any one please throw some light on the transaction.
    How could employee option enabled to buy such a big volume at 69 cents against current market price.
    It is more than million dollars and market was unfazed.
    Am I reading it wrongly or what ?

    Regards

    https://www.asx.com.au/asxpdf/20191125/pdf/44bxs8ngvygpl0.pdf
     
  8. peter2

    peter2

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    "Issue of ordinary shares to participants in the Company's Employee Share Plan."
    Approved at recent AGM - Resolution 4.

    No money changed hands. The company creates the shares, values them at 120% of current price and gives them away.
     
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  9. Miner

    Miner

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    Freebies at the cost of shareholders investment. Real con game as they would take the benefit of millions at no cost to them.
     
  10. BlindSquirrel

    BlindSquirrel

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    I would like to think that the bonuses would otherwise have been handed out as cash so employees have foregone that cash bonus in exchange for shares.
    But I'm just spitballing.
     
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  11. Miner

    Miner

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    Looks like you are one of the members of Ex Co :)
     
  12. travwj

    travwj

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    Here I am for the May stock tipping comp and having a bit of a punt on Carnarvon Petroleum. Taking a look at this due to the low oil price and thinking as we come out of these strange and quiet covid-19 times, there will be more need for oil/petroleum products and the oil price will rise.

    Chart attached to make the post look pretty and hoping that CVN can fill the gap and continue rising.
    Currently do not hold.Screenshot_2020-04-30-17-54-52-397_com.tradingview.tradingviewapp.jpg
     
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  13. Garpal Gumnut

    Garpal Gumnut

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    Good on you. @travwj . CVN is always worth buying in the teens and selling at 30c to 60c.

    It may drop to the low teens where I'd buy or if you are correct finally get taken over and end it's misery.

    Oil will make a comeback and we'll head in to the roaring 30's.

    gg
     
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