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CUE - CUE Energy

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Hey sagitar--> 13.5c wont happen unless DOW falls 2500 points in one day... and not with Maari development wells spudding soon, and Zeus and Spikey... and 1.5 billion dollars worth of gas assets at a very conservative $5 per MCF... We will get a rally, and hopefully a little buffer so markets can only take profits away... roll out the red carpet...
a poster named elyob, said on another forumn that Zeus is now due to spud around the 15th of this month and not at the end of the month, due to "The Songa Venus well completion of Ichthys North-1 on its offshore rig schedule approx 11/10/08".. and then four days to move on site and spud for Zeus...
less than two weeks away...
this would make sense with the solid Fridays trading (apart from the last 10 minutes of the day)...
:cool:
.^sc
 
Hi SC
Now if only that gale off the Taranaki/Wellington coast would get lost we might get Maari underway!

:cool:
 
Hey oldblue...
Had there been no weather delays, we would have had production by now... and we would be sitting above 20cents... I totally misread the weather situation at the time of investment...
Oh well... happy to be in this stock because id be down more had I held others... 21.6c to 17c... with DOW down 2200k (guess) and Oil prices down 30-40 bucks since investment...
thats pretty good going considering other amazing stocks like AWE, and NZO, and BPT, and AZA falling through the roof...
less than two weeks for Zeus... yeeeaarrrgghhh hhhaharrrggghhh...
:cool:
.^sc
 
Yes, Shrewdy, CUE has held up pretty well compared to its peers. Mind you, I think its got a lot going for it compared with some of them, not the least of which is its two major shareholders - and I don't mean you and me!
Just a pity about the spring equinoxial gales in this part of the world. I think the original timetable would have had the work done before now. But that's just too bad and we're patient people, n'est pas ? ( or something).

;)
 
Hi guys,

SP has come off loads recently, too good an opportunity for me to pass up.

Hey Blue, remember i sold off 80,000 a while ago 40,000@ 27.5 cents and 40,000 at 25.5 cents well.....................i have been patiently biding my time and..................

I've been buying today at 17.5 cents, love it. I am moving more cash into the Etrade account today and hoping the price gets smashed again before Friday so i can pick up some more.

Happy to pay 17.5 cents but if they are will ing to give them to me cheaper i will gladly take them off their hands..................

As i have said before, it is a strange game this share market business and you got to buy them low so you can sell them back high.


JW, laughing all the way to the bank :D:cool::D
 
You got to love it, down to 16 cents....................!!!

****, i can't believe it, i will be getting some bargains later this week when my funds clear in te Etrade account.

Sellers are pouring in, could be some margin calls getting taken out.

TIME TO FEEL THE PAIN!!!!

I'd say it is desperate funds mangers and superannuation funds managers selling out because people are changing their asset spread from shares into cash, hell i have done that myself so i dont blame them.

I would never leave the management of my money to those financial clowns, they will lose every cent. The poor devils in the super scheme i am in are just losing there money hand overfist and the most ironic thing is that they are charging them for the pleasure of it. Thank god my super is safe in cash.

Lets hope she pushes lower by the end of the week so JW can buy some more.

JW - Ohhhh yer baby :D:cool::D
 
Hi JW.

You're one brave wabbit!
I still like CUE and anticipate a series of good news stories in the next couple of months but this market is too soft for me at present. But when it turns back up!
Still waiting for that window in the weather to get the Maari drill underway. Great day today but the forecast for the rest of the week is for more gusty to gale northerlies for the west coast of the lower North Island.

;)
 
I am a brave wabbit, she's fine Blue, i am cashed up at present and looking to take some extra positions.

Picked up 11,200 today @ 17.5 cents and currenty trying to buy a further 40,000 @ 15.5 cents.

I have transferred a heap more money into the Etrade account yesterday and today but waiting for it to clear.

Got a big wad of cash coming my way in February next year as well and will buy more again if they drop.

The way i see it is that when everyone else is selling you should be buying and vise versa. Its all my own money so under no pressure to sell by margin or other reason.

I did well last time at 12 cents and i am confident of weathering the storm and coming out of this mess in good shape also.

Time will tell and i reckon we have at least a year of turbulance before this thing begin to blow over but in the mean time i will be buying and restocking the protfolio.

If it all goes pear shaped i'll just have to spend more time at the beach on the Gold Coast.

JW :D:cool::D
 
You little beauty Blue, America got smashed last night, oil is also down.

Dropped my buy at 15.5 cents down from 40,000 to 12,000 an put in similar buys at 15 & 14.5, some of the cash has cleared.

Holly hell, at this rate i might even be able to average a second load of shares at average of 12 cents again................bring it on.

I shall just keep buying small parcels all the way down. Who knows, i might be buying them at less than 10cents by the end of the month, who would have ever guessed?

JW :D:cool::D
 
I see that a poster on another forum has noted that a >3 day window is expected, commencing around Friday this week. May see a " shipping movement " soon!

;)
 
I hope so oldblue,
we are getting savaged here due to a lack of company activity...
This has been a disaster of a delay with maari....
Im going to hold CUE all the way because we will survive market failure, and we will therefore perform, on the otherside...
with a shot at performing in the not too distant future...
:cool:
.^sc
 
They are giving away to me Blue, got 12,000@ 15.5, 14,000 @ 15 & 14,000 @ 14.5

Looking for America and Oil to get flogged tonight and i'll be back tomorrow after the blood bath buying more, hopefully at 13 cents.

Account is cashed up and funds have cleared.

Bring on the blood bath..................

Hey Shrewd, dont worry mate, you just got to sit on your hands for a few months.

JW :D:cool::D
 
Remarkable recovery this arvo ( so far ) with the ASX200 almost square on the day and some of the leaders actually showing green!
You may have made some astute CUE buys there, JW!

;)
 
I dont have to sit on my hands Jessica...
Im thinking about selling my other positions and going 'all In'
apart from a few delays and market risk, there are no mistakes to be made..
Good stuff JW for making some good buys, and disclosing it...
:cool:
.^sc
 
Thanks guys, pretty chuffed with myself. Its like walking into your favorite store and everything is on sale at half price.

Yer, no one knows what tomorrow will bring but at 15 cents i don't see too much down side risk. Todd Peroleum is locked in at 22 cents and i think from memory SPC's average was about 21 cents so at 15 cents thats a 25% discount to the two largest share holders.

I think Oil could drop further but considering costs to get it out of the ground are about $50 - $80 a barrel i dont think the Saudis will let it drop too far or let it stay below $90 for too long. Why would you, i'd just tighten up the gate valves for a few months or do some maintenance, no need to give it away. They have proven they can get $100 a barrel.

I also heard that below $100 a barrel the tar sands becomes unprofitable?

Hey Shrewd, i did exactly that, i am now 100% back in CUE. Sold off my URL shares Monday at a 45% loss. Luckily for me i had only purchased 193,000 but i decided to put that money on a producer rather than a could/might/trying to be copper producer (URL).

Also, before i made the URL error i had creamed off some profits on GCR, CUE & AGO otherwise that would have been very painful.

See what tonight brings in the USA, if she goes pear shaped again i will most certainly be buying again. Got a pending order for 12,000 in @ 14.5 cents.

Let ya know how i go.......................

JW :D:cool::D
 
Jessica,
Ive been watching HZN fall through the roof (Maari JV parner)...
so I decided to have another look at the stock...and wow...
Boy, at these prices this could be a very good switch play, after Zeus and Spikey, over at CUE...
CUE is 100.8 Million dollar MCAP...
HZN 168 million dollar MCAP...
and HZN have a whopping 15 Million barrels of oil as reserves (2p) ... and big upside resources...and is on track to push close to 9000-10,000 BOPD in 2010...HZN hold 10% of Maari... and CUE 5%....
Im going to have a serious think over the next few months in the lead up to full field production for the CUE HZN switch...
:cool:
.^sc
 
Blood on the floor in the US again last night, murdered!

Mind you, oil slightly up.

Leaving my buy in at 14.5 cemts but dropping it back to 10,000 and putting in another at 13.5 cents for 11,000 and another for 12,000 @ 12.5 cents.

I would have happily paid 17.5cents for those shares.

Hoping some margin calls get taken out at the open as panic grips the market.

I got all the time in the world for the market to recover, lets see how we go today.

JW :D:cool::D
 
They were not so generous today................didnt pick up any but leaving buy orders in the system for tomorrow.

If oil drops tonight and US is smashed again i might pick them up tomorrow???

Not too fussed, either they give them to me cheap or i keep the cash in the bank.

Super funds must be getting slaughtered. Thank god i am in cash!!!!

JW :D:cool::D
 
treefrog said:
arh!! see, there is a significant qualification.
Of course the market has already factored in the known positives - it may not, in the view of optimistic CUE holders have got it right but the market is never wrong as it is always judge jury and executioner when it comes to what we get for our shares - there is no market appeals court!
Back in mid Aprtil 'til mid May we had CUE rocketing north on pretty much the same positives as you still highlight.
But the market has decided that all that gain should be given back, mostly I suspect on the negatives in the significant slippage of first oil from Marri and the turn in crude prices.
Lets assume that first oil from Maari slips further; the world oil price also keeps dropping and just one other of the CUE expected positives (there are many at risk) also comes up just a little short of expectations.
Do you believe CUE's price would hold, rise or fall??
Personally I would then not be so keen to buy at that support level of 18c I pointed out above.
cheerz
Click to expand...

ah yeah g'day to all you regular CUE rampers
how goes this 'cert' these days - I too like the 13.5c level for a bottom
 
Hey Treefrog,

Getting smashed along with the rest of the market, trousers down around our ankles. Interesting times............but, portfolio is still GREEN.

I am buying up while we are down and adding to the war chest. I am rapidly heading towards 500,000 shares at present with money in the bank.

Prepared to keep buying so long as it is not above 15 cents, mind you, a few months ago i nearly bought at 20 cents and this week i was prepared to pay 17.5cents.

Never know, if it goes lower i might be holding over a million by the end of the year.

You must let us know if you take a position?

Wonder if SPC will re-enter the market if we dip lower or if they are happy with there current holdings?

If all else fails jut go to the beach for a few months until the dark clouds blow over and value returns to the market. So long as you hold quality stocks and do not have to sell all will be fine in the long term.

Best of luck to ya Treefrog.

JW
 

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