CVN 0.00% 16.5¢ carnarvon energy limited

2010, page-25

  1. 744 Posts.
    EL, CVN was in the mid 40's a mere 3 months ago. The market since then has been absolutely brutal. Despite success after success, CVN's SP has been hammered.

    Surely you can see that you're being bearish to only call 40c (ish) in the next 12 months?!

    Effectively you're saying the recent pain and brutality will continue unabated next year, and CVN will virtually just tread water!
 
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