CVN 2.44% 20.0¢ carnarvon energy limited

Ann: Corporate Presentation, page-33

  1. 577 Posts.
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    Could be, you never know entropy. Simply suggesting this could be the case. How does a stock out break out past the 20c resistance (on massive volume) that it tested several times since December and then come back to 19.5-20 and then close at 19.5 today. Why would it be correct for people to reduce, we can agree with conviction we ever closer to Dorado FID and first oil thereafter. People are selling into a window of 2c between the SP and the cash + CPC capital carry of 17.5c. Ultimately Doesn’t really matter why, I will continue to soak them up sub 20c across 4-5 accounts I manage as I free more capital up from elsewhere.
    Last edited by Shistonsou.: 10/05/24
 
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