CVN 0.00% 19.5¢ carnarvon energy limited

why jana is wrong

  1. 328 Posts.
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    JANA , I BELIEVE YOUR GOING TO REGRET SELLING FOR THE FOLLOWING REASONS

    1:CVN HAS ENOUGH OIL FLOWING ALREADY TO WARRANT THEIR CURRENT SP
    2:THE PRICE OF OIL IS GOING UP NOT DOWN & THE BIG LOSERS CAUSING THE DOW & ALL ORDS TO FALL SO MUCH ARE THE BANKING & FINANCE STOCKS
    3:THE US FEDERAL RESERVE HAS SAID IT WILL DO WHAT EVER NEEDS TO BE DONE TO STOP THE US GOING INTO A RECESSION
    4:LOOKING SPECIFICALLY AT CVN THEY ARE DRILLING
    NS5 & NS6 RIGHT IN THE MIDDLE OF THE FIELD SO THEY ARE ALMOST GUARANTEED OF FINDING OIL WHICH
    IF SUCESSFULL IE NS5 1500bopd & NS 6 1500 bopd will
    SEND THE SP 75cents MAYBE MORE
    IE THE 6000 BOPD THAT ITS NOW GOT HAVE SEEN IT GO FROM 10CENTS TO 50CENTS SO ANOTHER 3000BOPD SHOULD SEE 75CENTS THIS ALSO DOES NOT TAKE INTO ACCOUNT THE ECONOMIES OF SCALE THAT ALL THE FIXED COSTS ASSOCIATED WITH SETTING UP THE FIELD & RUNNING THE COMPANY WILL BECOME LESS WITH EACH EXTRA BARREL OF OIL THEY GET
    5:WITH NS 5 THEY HAVE ALREADY SAID ITS GOT OIL & ITS THE BEST RESULT YET WITH 2SEPERATE ZONES
    6.WITH REGARD TO L44DH1 THIS WELL WILL DETERMINE IF THE FIELD CONTINUES NORTH OF L44H &
    OF THE 3 WELLS THIS IS THE SPECULATIVE ONE THAT MAY BE THE BEST TIME TO PUNT ON SELLING B4 REULTS COME OUT & BUYING BACK CHEAPER IF ITS A DUSTER BUT IF IT IT FLOWS THEN YOU WILL HAVE TO PAY UP BIG TIME TO RE-ENTER

    IT IS FOR THESE REASONS I CHOOSE TO HOLD & I SURE AS HELL HOPE IM RIGHT

    GOOD LUCK TO ALL WHO CHOOSE TO HOLD
 
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