CVN 0.00% 16.0¢ carnarvon energy limited

Next year" may well be the making of CVN". Have to agree....

  1. 1,097 Posts.
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    Next year" may well be the making of CVN". Have to agree. Management are in control of certain items to make this happen. Firstly I would be very surprised if the Advance deal does not work out. Never really expected a big company to be interested in Buffalo and am sure CVN must have been approached by other smaller companies. Management have not made any serious mistakes since I've been with them (early Thailand )so I find it very hard to believe they would not have given really careful consideration to the deal. There are other factors that are out of CVN's control and other oil/gas companies for that matter. The first one is the price of oil which is in many ways is an economic indicator, if as expected the World economy does improve next year, the price of oil has to go up. The second one is more brokers/investor advisers suggesting its time to consider the oil/gas sector. At this stage in the market cycle the oil/gas sector is the most neglected and worst preforming sector here and on overseas markets. This attitude could change quite quickly if the economy picks up. I have noticed over many years that the oil/gas sector is often the last to be noticed in a market moving up.
 
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