CVN 3.13% 16.5¢ carnarvon energy limited

profit take, page-8

  1. 7,464 Posts.
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    Good point, so it depends if it has made morts ideal sell price, obviously in the example you gave of it getting to $1.00 it hadnt met the price people wanted at that stage.

    So, I think what is more important at the moment about hitting your price is what is happening in the world and at the resource.

    I think they are drilling in what is possibly going to hit a new discovery. That is my opinion

    Also, I think the global mess has mostly bottomed, the share market is sometimes a good indicator, and I think world oil prices a ridiculously low for a waning product.

    Based on those, if the price of oil starts to run again, I expect to easily get back to .80 cents.

    So, that is my price minumum, and of course it will be dependent on the market sentiment at the time. This company now has a large kitty, anything could happen

    Harlee
 
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