CARNARVON ENERGY ORD
Strike Energy and Carnarvon Energy to Join Forces in WA Oil and Gas Sector Shake-up
The Western Australian oil and gas sector looks set for a major reorganisation with two of its leading players proposing a strategic partnership. Onshore Perth Basin specialist Strike Energy (ASX: STX) and offshore oil and gas discoverer Carnarvon Energy (ASX: CVN) have entered into an agreement under which Carnarvon will make an investment of as […]
Big-name investors, politicians embracing oil and gas, as price tipped to surge
Follow the money (and follow the politics) because this week’s hot advice is that when it comes to investing in energy, money and politics are heading in the same direction and it’s not all about wind, solar and other renewables. The world’s top investor, Warren Buffet, this week loaded up on oil stocks ahead of […]
Oil and gas rush speeds-up as prices surge
A promising gas discovery revived interest in Buru Energy (ASX: BRU) earlier this week – delivering a 30% share-price rise in the latest example of investors returning to the politically incorrect oil and gas sector, a move which iron ore billionaire Gina Rinehart successfully made late last year. Though miles apart in terms of size […]
Carnarvon Energy returns to the scene of its big success
It’s no longer politically correct to follow the advice of the late J. Paul Getty who attributed his extreme wealth to a formula of “rising early, working late, and striking oil”, but it might work in the case of Carnarvon Energy (ASX: CVN) as the oil price hits US$84 barrel (A$116/bbl), up 50% in 12 […]