CVN 0.00% 16.5¢ carnarvon energy limited

Ann: Good Oil Conference Presentation, page-40

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    As the Australian said today the only sector to stand out yesterday was the energy sector as "Crude oil prices surged" and this morning oil up a further 1.5% today. CVN now sits about 1/3 of Euroz target price which did not use this increased price. CVN fell yesterday despite a great presentation and the increase in POO. You would have think there are a lot of desperate sellers locked into higher prices and the big boys know this. Until these sellers are cleared out there has to be pressure on the s/p.
 
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