CVN 2.94% 16.5¢ carnarvon energy limited

Ann: Management aligned to strategy and Company Secretary change, page-12

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  1. 5,215 Posts.
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    Not sure how people can complain about this, they've replaced the CEO with someone internal and are paying him 20% less.

    I for one would prefer to own it cheaper (and increase the margin of safety/returns); I'm also assuming the process will take longer than many hope for, so boredom, oil price fluctuations and tax-season selling may see it drift lower which is what I'm waiting for (it may not happen and perhaps I miss this particular boat). But it seems like there's a lot of people here dreaming that CVN will somehow get this to production on their own with STO. Hardly going to happen - looks like the best way to realise value from these prices is via a sale.

    New management have done exactly what they said they were going to do.
 
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