CVN 10.8% 16.5¢ carnarvon energy limited

its driving me crazy, page-15

  1. 744 Posts.
    I think that's a good point Phil - I look at my watchlist and most of the spec stocks just keep on drifting lower and lower at the moment. It's a tough gig for the pure spec play in this market environment.

    However, CVN is transitioning away from being a pure spec play into a solid producer. So in the same way a lack of news and stagnant productivity hurt CVN recently, the current increasing bopd via infrastructure and NSE drilling (likely leading to inreased production) should see CVN being targeted as a stock increasing numbers of people will be comfortable parking their cash in. I guess I'm saying that the company is increasing de-risking as time goes by.

    Tell you what though, I'm a bit surprised by the muted response to today's ann. It would surely take a very conservative/cynical person to suggest that NSE being given a green light to go into full field production wont lead to SIGNIFICANTLY higher flows, leading to a significantly higher SP?? I thought the market would be all over it..... but looks like it may take Hartleys and Fat Prophets to point out the obvious...
 
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Last
16.5¢
Change
-0.020(10.8%)
Mkt cap ! $295.1M
Open High Low Value Volume
17.5¢ 17.8¢ 16.0¢ $3.525M 20.49M

Buyers (Bids)

No. Vol. Price($)
3 441949 16.5¢
 

Sellers (Offers)

Price($) Vol. No.
17.0¢ 2048593 4
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Last trade - 16.10pm 19/07/2024 (20 minute delay) ?
CVN (ASX) Chart
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