CVN 0.00% 19.0¢ carnarvon energy limited

Canarvon or Pacific Tiger??, page-12

  1. 3,800 Posts.
    Hmmmmmmm PPP.

    I am nearly out of my parcel. Sold most last week.
    Bought near 7 cents approx six months ago.
    Now selling low nines.
    There will be plenty of buyers for me to get out fully over the next couple of weeks (it is nice to sell when others are buying.....)

    Interestingly the oil specs with drilling action have not been affected much by the market malaise. Can I be daring to say that they have been almost a "defensive" sector in a down market (how about that).

    I thought there would have been more profit in PPP but I think it has been affected by the market as well as the fact that the first well in the program, Immortelle, is a low outcome well. A hig hit well first up would have been better.

    There may be mpore profit in PPP yet in last run to drilling but in the current market blues I decided to get out whil the going was good.

    acturtle










 
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