CVN 7.14% 15.0¢ carnarvon energy limited

oil under us$50, page-5

  1. 1,138 Posts.
    CVN is still generating cash and proving up reserves. The SP value may not be immediate, but what is long term now?
    3 months or 3 years?
    POO could dramatically shift back up within 3 months if falls due to credit problems and unwinding cease. Also throw in another wobbly with the hijack of the supertanker.
    No-one knows where we will be in 3 months, but CVN will have even more cash and more proven reserves.
 
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