CVN 0.00% 15.5¢ carnarvon energy limited

todays update, page-17

  1. 13,964 Posts.
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    Tcisboss,

    I think it is now sufficiently on the radar of insto's etc that it may be too wishful to look for 42, even 46. I've sort of factored about 46 as my downside risk, but kept buying today on the doubledip as looks to me like the line in the sand at 50 is likely to hold.

    Can't see a dollar on the next run myself, unless it is 12 months or more away, I reckon we might need new record production and rising, and/or a great new discovery in 20/50 or the like.

    Winston, don't worry don't try at home what I do, I am protected by scar tissue on my knife wounds from the great nickel bust.

    Nearly 2% turned over today, wonder how much of that was DT churn? Still seems like a seminal event, a turning point?

    Anyway I can justify holding on fundamentals again, and with todays explanation a little less unease about the implications of the production decline.

    EL
 
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