CVN 0.00% 18.5¢ carnarvon energy limited

Some shareholders are in it beat bank interest, others are in it...

  1. 3,476 Posts.
    lightbulb Created with Sketch. 849
    Some shareholders are in it beat bank interest, others are in it for bags, not sure you can claim "now the company will be run in the shareholders best interests."

    Ii think the only certainty we have now is that Nero/Collins will run it in their best interests...

    I'm undecided on how I feel about the changes, I do believe we needed a change, but I don't lay all the SP blame at AC's feet.
    I think the better first step would have been some changes with AC still involved.

    It's the inherent risk as a junior partner, we are along for the ride, we are at the mercy of STO (or whoever has been/will be operator), and the language from them lately has dampened the sentiment around the priority status of dorado.

    Not sure what Nero/Collins can do to change that apart from a fire sale of Bedout assets... and I'm not sure I'll be sticking around to start again from scratch as an O&G explorer.
    Having said that, an asset fire sale and 50c share price, I'll lick my wounds of forgone bags and move on.

    Times, they are a changing... for the better (?)... time will tell.

 
watchlist Created with Sketch. Add CVN (ASX) to my watchlist
(20min delay)
Last
18.5¢
Change
0.000(0.00%)
Mkt cap ! $330.6M
Open High Low Value Volume
0.0¢ 0.0¢ 0.0¢ $0 0

Buyers (Bids)

No. Vol. Price($)
3 100000 19.5¢
 

Sellers (Offers)

Price($) Vol. No.
19.0¢ 379093 7
View Market Depth
Last trade - 09.32am 06/05/2024 (20 minute delay) ?
Last
19.0¢
  Change
0.000 ( 1.33 %)
Open High Low Volume
19.0¢ 19.0¢ 19.0¢ 100000
Last updated 10.03am 06/05/2024 ?
CVN (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.