CVN 7.14% 15.0¢ carnarvon energy limited

71 million cash in the bank, page-19

  1. 268 Posts.
    With all the obvious turmoil and bad numbers coming from the majority, 2009/2010 will pull the wheels off a lot more companies.

    CVN with its very low costs, no debit and having high activity (with its exploration potential) is what I term a "fundamental standout". There is no debate that the oil price will be the first of the commodities to return from its oversold position, this will just put more icing on the CVN cake.

    Certainly CVN is in a very enviable position and this is even more relevant with the obvious next two years going to shake the lemon tree of world economics.

    PS: Keep an eye on what POE does as we go forward.

 
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