Australia's largest stock trading and investment forum Australia's #1 stock forum

CVN

Click for more information

2.50%

19.5¢ carnarvon energy limited

I suspect that CVN would prefer PAVO over APUS as it is...

First 777 Last

Share
Profile

Follow
captain

100 Posts.

139

28/11/20

19:46

Post #: 49213017
Share

Originally posted by Retired123: ↑

O&G shares are a big growth area now with defensive and banks etc fully priced assuming COVID goes. Gas is up about 50% from the bottom and oil roughly up 100%. With demand hopefully improving and supply slow to react one analyst is suggesting POO could reach USD150. Bankruptcies in US shale continue and I would imaging banks are unwilling to lend to this sector. The wild card is OPEC+. They can open the floodgates which would be a bummer for POO. However I think they are smart enough to keep POO around USD 60 and keep shale on its knees. Most O&G shares are in buy territory according to analysts so I'd like to think CVN will be dragged along in their draft and get to around 40c-50c within a few months. Shorters may provide the spark to spike even higher particularly if Buffalo farmout is announced soon.

One thing that caught me by surprise was CVN keen to drill Pavo before APUS. I thought APUS was the preferred area as it's closer to Dorado and the 3D was encouraging. Anyone know why Pavo is preferred?

Expand

I suspect that CVN would prefer PAVO over APUS as it is completely located in the block that CVN has a 30% interest. APUS is split between the 2 blocks and Santos may prefer that option - will be interesting to see which one gets the tick?

CVN Price at posting: 27.5¢ Sentiment: Buy Disclosure: Held
2 Upvote

0 Great analysis

Reply

Top Stories

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

STN

Saturn’s stars have aligned for the gold explorer’s Apollo Project

LLL

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

ITM

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

There are more pages in this discussion • 542 more messages in this thread...

First 777 Last

Add CVN (ASX) to my watchlist

(20min delay)
Last 19.5¢		Change -0.005(2.50%)		Mkt cap ! $348.8M

Open	High	Low	Value	Volume
20.0¢	20.0¢	19.5¢	$31.27K	156.4K

Buyers (Bids)

No.	Vol.	Price($)
15	1317663	19.5¢

Sellers (Offers)

Price($)	Vol.	No.
20.0¢	431074	15

View Market Depth

No.	Vol.	Price($)
15	1317663	0.195
24	1489780	0.190
21	2380811	0.185
9	858372	0.180
9	435722	0.175

Price($)	Vol.	No.
0.200	431074	15
0.205	1066325	19
0.210	750525	17
0.215	381906	9
0.220	815278	18

Last trade - 11.22am 08/07/2024 (20 minute delay)

CVN (ASX) Chart