Yes you can see the over brought shareholder tears as we pay...

Yes you can see the over brought shareholder tears as we pay 0.43c a share.

CVN have a market cap of $293m, 3P reserves of 37 mmbbls, they are producing over 5000+ bopd at an average of US$58+/bbl, Operating costs per barrel are less than US$5 per barrel and they have around A$70m in the bank. Exploration potential of the current JV is a good decade from being exhausted.

Sure looks like not much scope or life left in CVN, the whole thing is overvalued!!! Better to buy vapour fume speculation stock than a producer like CVN. Please send me your unwanted stock and I will gladly pay to relieve such a burden out of your portfolio.

Recession or depression, good producing (profitable) energy stocks will bounce back first, and they will bounce back hard. IMHO CVN is a low risk investment that writes the rule book for well run and profitable oilers.

This is one of only 4 stock holdings that I have where I don't have to worry about the future of the companies value.