Professional
Added to YB: 2023-12-18
Pitch date: 2023-12-18
CVN.AX [bullish]
Carnarvon Energy Limited
-55.5%
current return
Author Info
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Company Info
Carnarvon Energy Limited engages in the exploration, development, and production of oil and gas properties in Australia.
Market Cap
AUD 187.9M
Pitch Price
AUD 0.20
Price Target
0.30 (+237%)
Dividend
N/A
EV/EBITDA
-0.28
P/E
18.20
EV/Sales
N/A
Sector
Oil, Gas and Consumable Fuels
Category
special_situation
Show full summary:
Board coup at CVN.AX
CVN.AX:Board overthrow by top holders,cuts M&A risk.Adj net cash 15-16.5c/sh,may be returned to holders.Seeking sale of Dorado&Pavo stakes for $220-250M,12-14c/sh.Bedout potential pure upside.Quick sale NAV 30c+.Activist shift,co may not be public in 12mo,near-0 downside at 18c
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