CVN 0.00% 16.5¢ carnarvon energy limited

why the sell down, page-13

  1. 743 Posts.
    For a while they've been swinging around and so it looks like you could trade them without too much difficulty.

    For me I'm holding at least a year to get the CGT discount. What makes the decision easy is that for all of 2007 and 2008 (and maybe beyond) they will be drilling 3 wells a month (maybe more if they get a 3rd rig) into an area which we know has oil and gas.

    Sometimes all you need to make money in the markets is patience.
 
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