CVN 0.00% 16.5¢ carnarvon energy limited

Market Awake, page-2

  1. 298 Posts.
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    Per my post in late Nov 17 I believe that this is the most undervalued oil stock on the ASX (HZN is most likely no. 2).
    My prediction is that it will trade in the range of 13 cents to 15 cents until drilling commences and then fall slightly (12 cents floor).
    When PS is positive it will move to circa. 30 cents. At a 70%+ chance of success and drilling of PS2, how can it not succeed? (Yes I know there is till 30% chance of failure).
    Dorado has a greater chance of success in the Caley reservoir and I see the Milne reservoir as a long shot (imagine if it is successful as the potential reserves are very large).
    Hopefully the Caley is successful and the share price moves to circa. 50 cents (due to efficiency of all the reserves).
    On top of this we have Buffalo and the other prospects.

    IMHO/DYOR
 
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