CVN 0.00% 19.5¢ carnarvon energy limited

We need to break through the current resistance level around 59c...

  1. 688 Posts.
    We need to break through the current resistance level around 59c to see a better sp. If we do, then next stop is around 62c, finish above there and we are on our way back to 80 odd.
    Real value?? around 100 to 120 on current assets, then if success within any of the currently exploring permits (prefer oil to gas, easier to exract and distribute short term) will be well above this. My opinion only.

    We do have improving sentiment in US to gee things along for poo. After all the economists are now saying "on the up for US market", these are the same ones who didn't see the crash coming mind you!!

    stevero
 
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