CVN 3.13% 16.5¢ carnarvon energy limited

good bye or good buy, page-15

  1. 688 Posts.
    Yeah I hear what you are saying chimera, but the disconnect is rather large for cvn. Have a look at other oilers & cvn has tanked more than most, I can understand some sovereign risk with thailand at present but it is and will be resolved peacefully. Oil hasn't tanked as is still at 100/bbl (and may well go to 90 before recovery), and there is a big diff between cost and sale price for cvn, MUCH lower costs than most oilers.

    Anyway, we are in for a big night tonight, the US is going to bang lower, although I have a feeling that most of it is already priced in, and merryl has been saved to boot, so that only leaves aig..... anyone wanting to borrow large sums of money are going to ind it hard as well as expensive.


    cheers

    steve
 
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