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Carnarvon Petroleum

 

Buy Carnarvon Petroleum shares

CARNARVON PETROLEUM (CVN) Shares

ABOUT CARNARVON PETROLEUM

Carnarvon Petroleum Limited is a company which is engaged in oil and gas exploration, development and production. The company is focused on the North West Shelf, offshore of Western Australia, including the Carnarvon, Browse and Bonaparte Basins and Bedout sub-basin.

In 2014 the company made the South-1 oil discovery in the North West shelf. In the following year the company’s joint venture partner, Apache, announced the sale its Western Australia assets to Quadrant.

Following this, in 2018 Carnarvon and Quadrant made the Dorado-1 discovery, and in the same year the company made the decision to purchase Quadrant, with Santos becoming its joint venture partner.

OVERVIEW OF CARNARVON PETROLEUM

  • Carnarvon Petroleum Limited maintains its North West Shelf focus, leveraging its substantial database and highly experienced technical workforce. The majority of the company’s projects were secured during a period of low oil prices, a counter cyclical approach which enabled the company to secure these projects on very low commitment terms and mature them for partner farm-in, as industry sentiment improved.

  • The company operates in a prolific oil and gas province which has seen in excess of US Dollar 200 billion development capital since 2009. The company’s principal partner, Santos, has a large Western Australia asset portfolio with a broad range of proximate infrastructure. The company is currently focused on four key projects that all aim to fall within this low-cost measure as they mature into production assets.

  • The four projects comprise advancing the Dorado liquids project, the Dorado and Roc gas project, the Buffalo oil field project and maturing the best exploration prospects within the company’s portfolio. The Dorado project achieved a number of important milestones, most notably in terms of the results from the successful Dorado-2 appraisal well, confirmation of substantial hydrocarbon volumes by independent resource auditor ERC Equipoise (“ERCE”), acquiring new development focused 3D seismic data over the Dorado and Roc areas and advancing the scoping studies for the Dorado liquids development.

VISION & VALUES OF CARNARVON PETROLEUM

  • Carnarvon Petroleum has adopted a Diversity Policy, with an aim to developing a diverse and flexible workforce that possesses the required expertise and competence to achieve the Company’s strategic objectives.

  • This involves recognizing and valuing the unique contribution people can make because of their individual backgrounds, different skills, experiences and perspectives. Diversity may result from a range of factors including gender, ethnicity, religion, culture, language, sexual orientation, disability and age.

  • The Diversity Policy includes a requirement for the Board to set measurable diversity objectives and monitor the entity’s progress in achieving them.

MARKET PERFORMANCE OF CARNARVON PETROLEUM

  • Carnarvon Petroleum Limited trades on the Australian Securities Exchange (ASX), where investors can buy shares under the stock symbol –CVN. 

  • Data from the company’s 2019 financial analysis shows that Carnarvon’s balance sheet remained strong with cash equivalents of US Dollar 73.9 million (2018: US Dollar 63, million), no debt and minimal commitments going forward. The company successfully completed a capital raise through a placement to sophisticated and institutional investors, raising US Dollar 47.467 million after fees.

  • The company will commence its new projects from a strong operational basis, with projects in-line to provide major growth going forward. This will continue the company’s history of delivering a strong share price with flourishing yields in dividends for investors who choose to purchase shares, making this a strong buy for shareholders seeking long-term growth.

Buy CARNARVON PETROLEUM stocks / shares – A Step by Step Guide how to Buy / Purchase CARNARVON PETROLEUM Stocks or Shares online.

Before buying any stock or share one has to consider a few factors.

STEP 1: PROPER RESEARCH IS ESSENTIAL

Upon deciding you want to buy CARNARVON PETROLEUM Stocks / Shares, it is critical for the serious investor to do proper research into the said company. Its values should align with those of the investor’s current portfolio. An investor needs to familiarise himself with the basics and history of the company, as well as its leadership and performance in the market. Its company reports should also be scrutinized.

Consultation with a brokerage firm can also assist in determining whether investing in a specific company will complement the investor’s current portfolio. The investment “risk ladder”, which identifies asset classes based on their relative riskiness, is another useful tool when determining which company’s stock / share is the best to buy.

STEP 2: CALCULATE THE AMOUNT OF INVESTMENT IN CARNARVON PETROLEUM STOCKS / SHARES

It is important for an investor to monitor his total investment in stock in order to keep his portfolio aligned to his investment strategy. The overall value of his holdings will change with the fluctuation in stock prices, which can throw his portfolio off balance. To determine the amount to invest, multiply the number of shares of each stock by its current market price to determine the total investment in that specific stock. For example, if you own 100 shares of a US Dollar 5 stock, multiply 100 by US Dollar 5 to get US Dollar 500.

STEP 3: DECIDE ON THE STOCK / SHARE ORDER TYPE

Investors can choose from a market order, a limit order, a stop order (also referred to as a stop-loss order) or a buy/sell stop order. It is important to familiarise yourself with each type’s pros and cons before deciding which one will suit your current stock profile best. An investor should be guided in this choice by his investment objective.

STEP 4: OPEN A BROKERAGE ACCOUNT

A brokerage account – also known as taxable investment account – is similar to a retirement account, but more flexible. Where a retirement account has limitations on the amount of money that can be contributed annually, and restrictions on when funds can be withdrawn, a brokerage account is more flexible. The latter has no income or contribution limit and the investor can withdraw his money at any given time. This flexibility, together with its potential investment gains, makes a brokerage account more attractive to serious investors. Brokerage accounts are ideal for goals or savings that are further than five years away, but closer than retirement. It can also supplement an investor’s emergency savings.

STEP 5: COMMIT AND PURCHASE CARNARVON PETROLEUM STOCKS / SHARES

Lastly, commit to the stock. Pro Tip: Monitor the value of your stock to ensure you have a growing stock value and dividend pay-out.  Regularly check the share price online to ensure your investment delivers a positive return on investment. You are now a proud owner of CARNARVON PETROLEUM stocks / shares.

5 Questions to ask yourself before purchasing any stocks or shares.

  1. Is it the best time to buy this stock / share?
  2. Should I buy CARNARVON PETROLEUM stocks / shares in the current economic climate?
  3. Can I afford to buy this stock / share?
  4. What is the forecast of the stock / share growth?
  5. What is the current price per earning ration on the stock / share?

 

Author Details

Louis Schoeman

Louis Schoeman

Featured Forex and Stocks writer

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