CVN 0.00% 19.5¢ carnarvon energy limited

I noticed today that COE is now the same price as our CVN.I am...

  1. 356 Posts.
    I noticed today that COE is now the same price as our CVN.

    I am seriously thinking of selling out and buying an equivalent qty of COE instead.

    They produce 2000bopd CVN 4000 BUT consider the following

    CVN pays massive 50% tax COE somewhat less

    COE local Cooper basin producer CVN mainly Thailand (sov risk IF ANY)

    CVN have 3 times as many shares out there(almost) so COE only has to produce (find) 1/3 of CVN's amount for same EPS ?? (I think that's how it works)

    COE also has many promissing future exploration leases (overseas as well as local)

    Their SP has dropped some 40% of recent highs due to the last well being a dud....

    PLUS I am really getting annoyed what the cappers/DTraders are doing to our stock.

    WHAT WILL IT take for it to get to its true value.
    Good news after good news yet the price is a day traders plaything.

    Possibility for COE to rebound quickly from here ???

    What do fellow CVN /COE owners think ?
    Is my logic irrefutable or am I not thinking far enough ahead

    Any thoughts ?

    Happy weekend
 
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