CVN 3.70% 26.0¢ carnarvon petroleum limited


  1. 6,951 Posts.
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    Hi acturtle,
    Thank you for your helpful comments .
    CVN , I agree with you there is plenty of risk , in fact it had a lower close yesterday . I see that you have been concerned with the Director's comments.
    I suppose oil will be difficult to get out if it is full of wax or some such material . I have not seen any results from the Directors or scientists to tell us what the consistancy of the oil is, and whether there could be a problem in this regard and whether to get the oil out the company would have to incur major additional costs . You Oil experts would know better than I. Inertia and relative volitility index are still heading south and are getting nearer to the 50 line .
    The shares have fallen down through one of the important points on my charts and the McClellan Ossilator has rolled over and is diving.
    It looks to me as if there are sellers wishing to get out who have as yet not sold down. I cannot see any support coming in for the price yet. Do you think that there could be a big dive coming when all the late desperate sellers come in ?

    Thanks for your comments.
    Best wishes
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Mkt cap ! $422.6M
Open High Low Value Volume
26.0¢ 26.5¢ 26.0¢ $19.69K 75.14K

Buyers (Bids)

No. Vol. Price($)
6 192507 26.0¢

Sellers (Offers)

Price($) Vol. No.
27.0¢ 426975 8
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Last trade - 10.12am 18/05/2021 (20 minute delay) ?
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