CVN 0.00% 15.5¢ carnarvon energy limited

average cost per barrel, page-18

  1. 307 Posts.
    i just had a read around and here are some quotes .
    Robin Griffiths,tech strategist at Cazenove Capital told CNBC."charts predict oil to whip back up to $100 US".
    "quite a decent bounce is likely to come" and "the downtrend has come to an end"
    I think we will see a more realistic oil price in the next 12 mths ,something closer to $100 and maybe much higher on any sort of recovery.I also think that to transform the modern worlds energy dependance from oil to a greener alternative wont happen overnight(20 to 40 yrs) but will hopefully happen before that last drop is gone. it going to be a balanceing act and CVN seems well placed once these prices start northward.
 
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