CVN 0.00% 16.5¢ carnarvon energy limited

I have been following CVN for ~10 years and am somewhat...

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    I have been following CVN for ~10 years and am somewhat perplexed that a major player hasn't swooped in and snapped these guys up for a song?

    What am I missing? A MC of only ~A$250m with zero debt and ~A$110m of cash. Couple this with two significant discoveries in Dorado and Pavo along with the speccy upside of the entire basin and these guys look extremely tasty don't they.

    Surely this will have to be snapped up by a hungry Asian shark or the like very soon... it is begging isn't it? At the end of the day the biggest loser will be Australia

 
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