ian and yogi fussin and feudin and fightin (ok, th
At the bottom is an old post from Yogi, who appears to have been plugging away at Carnarvon Petroleum for some years.
Yes, the price of CVN has gone over 3 cents.
Woo-hooo.
Means one more fuill cent and we exceed their low of 08082002.
And we can run a bit further, we might even be able to get back into the old 5.3 cent trading channel he identified.
In short, if I can trust Yogi to be telling the truth thats he's held, he paid more than 3 cents for them, back in 2002.
Or perhaps earlier.
Some assets are worth owning. Whichian Buri isnt one of them Because You Cant Extract The Oil.
If someone can make me an argument for how they can get it out, I'll listen.
They've tried fraccing, and they've tried horizontal wells based on 3D.
Back in the salad days of 2002-3, it looked like Whichian Buri was an oil field. In the cold hard light of 2004, Whichian Buri is an oil lease with wells in it.
See, oil companies change over time, and the chart from 2002 may be based on some very different assumptions to todays (Stuart's chart from 2002-3 was different from their 2004 chart, because in 2002-3 they were not worried by issues of hedging strategies and pipeline capex).
Finally, yes, you can make money trading dog stocks - especially if you can induce volatility in them, by bringing them to traders attention.
But there are safer ways of making a living.
OK, lets take my enthusiasm over Stuart, and assume you bought more at $1.25, during the Arwon-related enthusiasm ... it's currently drifting back to a buck.
On the other hand, lets assume you got sucked into the enthusiasm for Lakes at 7 cents (see, we're on topic), then you are burning badly at four cents.
This is because Stuart is a fundamentally good company that has enough money coming in each month to pay for exploration activity.
Funadamentally bad companies - like Carnarvon and Lakes - dont. Every time they want to punch a hole in the ground, they need to issue shares.
So speculate in fundamentally good companies - Hardman, Petsec, Stuart and Cooper are four names that come immediately to mind, and I have friends who like TAP, ROC and ARQ too.
You sleep easier at night for a start.
Ian Whitchurch
(*) If you think you can make a living out of deep tight gas in Australia, which I dont.
Subject simple astroanalysis for cvn ...
Posted 15/12/02 00:28 - 126 reads
Posted by Yogi-in-Oz
Post #15 - start of thread - splitview
Hi folks,
To backup this analysis, the CVN chart has been posted
at:
http://www.incrediblecharts.com/forums/messages/8/20905.html
As requested, here's a chart for CVN and
it makes for some interesting analysis.
Since the highs back in March 2000, CVN has
been carving out a rounding bottom, though it
has had its share of small rallies in that time.
On 08082001 we saw CVN make a high at 8.9 cents.
Subsequently, on the anniversary of that high,
CVN made a low at 4 cents on 08082002, which
also marked the lower edge of the current
trading channel marked with a dotted green line.
Since the low on 061202, CVN has been able to
stay in a new trading channel that has an
elevated momentum ... this channel is shown in
dotted magenta lines.
Both these channels are related, since they are
both drawn using planetary harmonics.
We can see the vertical blue lines that will be
our time targets going forward ... these are
also derived from planetary cycles.
If CVN can break above 6.0 before xmas eve, then
it has confirmed that the new momentum is in use.
A run down and a test of 5.3 will confirm that
the old trading channel is still intact.
On the upside, we can expect some resistance at
about:
6.0 - 6.2 - 6.7 - 7.3 - 7.5 - 8 - 9.2 - 9.5
Time targets, looking ahead:
23122002 - 07012003 - 05022003 - 03032003
Any drop through previous support at 5.3 cents
may see some panic selling in CVN.
Technically, both Williams %R and the momentum
indicators have turned up, confirming the upward
pressure on prices recently.
Another test of recent lows would be nice to
optimize an entry and this could happen, given
the wide bid/offer spread we saw last week.
Hope this helps some.
have a great weekend all
yogi
- Forums
- ASX - By Stock
- LKO
- waxy crude
LKO
lakes blue energy nl
Add to My Watchlist
13.8%
!
$1.06

waxy crude, page-16
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
|
|||||
Last
$1.06 |
Change
-0.170(13.8%) |
Mkt cap ! $70.77M |
Open | High | Low | Value | Volume |
$1.25 | $1.25 | $1.04 | $213.9K | 182.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3552 | $1.06 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$1.17 | 540 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3552 | 1.060 |
1 | 1004 | 1.050 |
1 | 560 | 1.040 |
1 | 588 | 1.020 |
6 | 18000 | 1.000 |
Price($) | Vol. | No. |
---|---|---|
1.170 | 540 | 1 |
1.180 | 2054 | 1 |
1.200 | 10700 | 2 |
1.230 | 4077 | 1 |
1.240 | 4980 | 1 |
Last trade - 16.10pm 15/07/2025 (20 minute delay) ? |
Featured News
LKO (ASX) Chart |
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online