CVN 0.00% 15.5¢ carnarvon energy limited

Hi EWO,My father has had 6 strokes thus far and has had too many...

  1. 1,074 Posts.
    Hi EWO,

    My father has had 6 strokes thus far and has had too many donuts and smokes in his life. Everything in moderation is what I've been told. However, smokes are clearly no good for anyone.
    Well, back to topic.
    CVN is now trading at 7.5c as I write.
    I see CVN as a value play. If CVN continues to trade below 10c, sooner or later I wouldn't rule out corporate action.
    A NWS player might choose to look at CVN for its NWS exposure.
    Also the implied value of its Thai assets is well above $100 million. ECO or another company might down the track consider buying out CVN's 40% interest. These are my thoughts only and I'm only speculating.
 
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