CVN 3.03% 16.0¢ carnarvon energy limited

Who listens to Macquarie on CVN. They have been flip flopping...

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    Who listens to Macquarie on CVN. They have been flip flopping for a year or so. Nothing new in this extract yet they claim it's all new news. Ho hum.

    The analysts also highlights management and the board now appear more focused on value preservation and achieving optimal value outcomes for its Bedout basin interest.

    Rusty needs to pull a rabbit out of his hat if he is to live up to all his initial hype. I hope he does but I'm not overly hopeful. A quick fire sale at 30c may bring him a quick profit but many long termers here want full value from Dorado/Pavo and the immense potential that is Bedout. We have barely scratched the surface. Yes there are many operational and POO risks but that's why we stay the course. Not for the faint hearted.

 
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