Australian (ASX) Stock Market Forum

CUE - CUE Energy

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get over it tree frog... all stocks have fallen....most by more than CUE... CUE has done better than most falling oil stocks...
For the fact that the DOW has fallen 3000-4000 points and Oil has fallen 40 bucks US ans CUE is only down 6 cents is a mighty achievement in itself...
You should be giving it up to us buddy...!:)
Pitty about all the delays...
Oh well... this is about to roll out...
Take care my friend...
I Hope your stocks arent falling by more than ours..
:cool:
.^sc
 
Shrewd Crude said:
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
Click to expand...

SC, as I stated earler 13.5c is looking very realistic right now. Note too, gas & oil prices have dropped recently so that's not going to help prop up the sp unfortunately, let's hope it doesn't drop too far as I do also have a small interest in this stock...a punt really.
good luck
 
Shrewd Crude said:
get over it tree frog... all stocks have fallen....most by more than CUE... CUE has done better than most falling oil stocks...
For the fact that the DOW has fallen 3000-4000 points and Oil has fallen 40 bucks US ans CUE is only down 6 cents is a mighty achievement in itself...
You should be giving it up to us buddy...!:)
Pitty about all the delays...
Oh well... this is about to roll out...
Take care my friend...
I Hope your stocks arent falling by more than ours..
:cool:
.^sc
Click to expand...
Shrewd Crude said:
Hey tree frog, ..... it looks like you really dont understand CUE very well, or at least the process of re-rating from development through to production....

6)CUE is very unlikely to ever hit 18cents ever again, perhaps its only shot of doing that is if we get a DOW falling over 1000 points in one day (within the next month)...
30 cents looking very very likely by November..
I have over half my portfolio on CUE...
best aussie oiler I can see on the entire market...

sc
Click to expand...

SC - not at all sure what i need to get over - I pointed out the potential for CUE to reverse with reasons and that your rants were sus
In point of fact over the last 20 weeks the dow has come off 29% and CUE 48%

a sincere word of advice sc - one needs more than testosterone to trade markets successfully

cheers
 
Tree frog,
I dont think you understand me...
This has been/and will be in the top 5 worst market crashes of all time, and all you can do is come here and say I told you so...
What has happened is totally unrelated to CUE, and you make it sound as though its totally related to CUE....
You have totally missed the point....
Go look at how other stocks have performed?......
CUE has done very well...
I only started tipping this stock when it was around 22cents... And you have gone and used the 20week height of CUE's chart...
Dont be silly mate...
Give it up to us that CUE has not fallen so much...
have some respect in these difficult times...
im so excited... we survive, we perform... simple really...
:cool:
.^sc
 
Shrewd Crude said:
Tree frog,
I dont think you understand me...
What has happened is totally unrelated to CUE, and you make it sound as though its totally related to CUE....
:cool:
Click to expand...

rubbish! what I said could happen:
1) oil price drop is a general market factor,
2) but delay to production is very company specific.
You should take a few hours and re-read your previous ramps crude.
make no mistake about how the market views delay - time is money and almost always the share price is punished proportionally.
20weeks is around the time the market started factoring in the increased risk
 
SC, no one is bagging you nor saying 'I told you so', just that we all want to be open-minded and looking objectively not only at the company's financial profile and prospects, but at the overall the market conditions, both nationally and globally. Fundamentally, most if not almost all stocks are trading way under their fundamental values. Things will turn around in the long term, but making technical predictions as to where the price may head in the shorter term is perfectly acceptable in my opinion. Keep up the good work though - we're all here to make money (at least one day we will)...laugh :)

cheers
S
 
No luck for me today, buy orders remain in the market...................maybe tomorrow being the last day of the week will force a few hands to sell so they are not holding postions over the weekend?

Looking for oil to drift lower tonight and the DOW to come off a little more, that would be helpful.

Hopefully CUE will not make any announcements tomorrow regarding Maari?

Best of luck to everyone.

JW - looking forward to the weekend and a big party Friday night :D:cool::D
 
tree frog-rubbish! what I said could happen:
1) oil price drop is a general market factor,
2) but delay to production is very company specific.
You should take a few hours and re-read your previous ramps crude.
make no mistake about how the market views delay - time is money and almost always the share price is punished proportionally.
20weeks is around the time the market started factoring in the increased risk
Click to expand...

rubbish back at you...
1) when Oil was going ballistic oil stocks were not rising as they were being torn between falling markets and rising oil prices, effectively only going sideways.......

2) yes the delay is company specific, but had the sharemarkets not crashed, then the stock would have been stable as... Its been delayed and delayed like you would not believe, so its not as if its company specific due to the markets taking to it, and that it would not have fallen otherwise...
rubbish....

Tree Frog, I have read this thread... My facts and research are very accurate... Manaia is a sure thing... Gas assets are worth 1.5 billion dollars at 5 per MCF... Maari reserves are likely to be closer to 100 million than to 50m million... Maari has substantial upside... Zeus is coming, and maybe next week...spikey beach late oct... the great thing is that this company has appraisal wells which are predominately low risk...
Oh well buddy... the company is still waiting to roll out... no big deal...
The assets are great and its a diverisfied mixture of exploration, appraisal, development and production...
if you dont understand, then you dont understand...
dont blame me
:cool:
.^sc
 
Shrewd Crude said:
Tree Frog, I have read this thread... My facts and research are very accurate...
Click to expand...

if you have re-read the thread you will see i have never disputed your research and statement of the facts crude, but cautioned on your interpretation of them and your insistance on how the market must see them and respond: on this you appear to get a fair bit quite wrong.

let me pose to you yet another possibility following your assertion that CUE cannot fall to 13.5c
suppose just one significant shareholder gets cold feet or has a personal or financial issue that requires them to sell a significant portion of their holdings - I am not talking here of millions of shares, but say a sell of 300,000 - what would the share price have fallen to tonight if that had happened on close?? right! 13c
and what if that had been 500,000?? right! 12c
and do you think that would have spooked the market on CUE? quite possibly.
see, it is not reality to expect the market to only do one thing and the current market trend is down - has been all this year
 
It would be a pity if the tone on this thread were to deteriorate from its current feisty level into something less friendly.
I value the contributions of all current posters - we need all points of view in these " interesting times".

:)
 
treefrog said:
if you have re-read the thread you will see i have never disputed your research and statement of the facts crude, but cautioned on your interpretation of them and your insistance on how the market must see them and respond: on this you appear to get a fair bit quite wrong.

let me pose to you yet another possibility following your assertion that CUE cannot fall to 13.5c
suppose just one significant shareholder gets cold feet or has a personal or financial issue that requires them to sell a significant portion of their holdings - I am not talking here of millions of shares, but say a sell of 300,000 - what would the share price have fallen to tonight if that had happened on close?? right! 13c
and what if that had been 500,000?? right! 12c
and do you think that would have spooked the market on CUE? quite possibly.
see, it is not reality to expect the market to only do one thing and the current market trend is down - has been all this year
Click to expand...

I agree , those that had bought in NZ at NZ$0.08 prior to CUE delisting there and transferred their holdings pretty much made a currency gain and can still sell to make a tidy profit , they would have of course made more of a gain last week , however the point is they can still sell up regardless of holding size and push the sp lower if push come to shove.
 
Looks like the Americans had their trousers pulled down around their ankles last night, DOW fell 7%.

Cancelled my buys at 14.5 & 14 and left the buy in at 13.5.

No need to pay more than necessary..................will put in new buys Monday after the blood bath is finished.

Once again, glad my super is in cash. I reckon those super funds managers will destroy peoples life savings before we climb out of this mess.

JW - take care punters :D:cool::D
 
In times like these, you're wery brawve wabbit...hehehe :) Might be best to wait for that short term correction next week (if you're a daytrader) or sit it out and wait to get a better handle on medium term technicals. Given the way the DOW performed last night, I think that prices below 13.5c are now looking like an attractive possibility.

All IMO but please DYOR.
 
I guess its another company related fall coming today...As tree frog would put it...:p:

Yes you cautioned me, and you got it right..You got it right because of market related situation and not anything else... had there been a weather gap for the drilling rig, then we would already have oil flowing...
probably would have been sitting around 18-20c now ....

Great forecasting...

Is the current SP company related performance? bollocks it is...
asset quality would have held the price up easy without crashing markets... I dont need to explain you off any more tree frog...
yes,
Maybe I should have been more conservative with the market situation...
Oh well... too bad tree frog... sorry to have not lifted to your high standards of accurate prediction...
thanks for your prediction tree frog, I hope to hear more of your thoughts...
where do you think the SP will be in 5 months?
:cool:
.^sc
 
Another 11,000 @ 13.5 cents added to the war chest, buy order will go in on Monday at 12.5 cents and 11.5cents.

If oil keeps sliding so will the share price, i am loving it. Portfolio is still GREEN, only just, my average is now 13 cents.

JW :D:cool::D
 
JeSSica WaBBit said:
Another 11,000 @ 13.5 cents added to the war chest, buy order will go in on Monday at 12.5 cents and 11.5cents.

If oil keeps sliding so will the share price, i am loving it. Portfolio is still GREEN, only just, my average is now 13 cents.

JW :D:cool::D
Click to expand...

well done bunny - a few buyers drifting back to the board now but 12c pickups still possible - today's close may throw a few clues
 
Thanks Treefrog, sure glad i dropped those buys before market opened today.

Just got to watch America and the price of oil tonight and that will dictate Monday in Oz.

Wonder how much further the US can fall?

I think oil might still come off a little more but i reckon if it drops below $80.00 the Saudis will call an emergency OPEC meeting and reduce production to stabilise the price. They wont let the price continue to slide without trying to do something to protect their income. However, whether they can stop the slide is another question?

Hey Sagitar, no need for me to worry about being brave, i have all the time in the world for these shares to go back up. I also have more money in the bank and i can buy loads more yet. I always back my decisions and this is no exception, i think it will turn out to be a good move, either way you know what i have been buying at and i have over 450,000 now @ average of 13 cents so you can see how i go in the future. I'll let you know if i sell any and what profit or loss i make.

Anyways, i am stoked that i have been able to pick up some extra stock cheap just before Maari. See if i can get more next week?

Dont really want to pay more than 13 cents now to keep my average down, now thats being a tight ass!!!!

Good luck to everyone, i am looking forawrd to the weekend and some R&R.

JW :D:cool::D
 
Hi Jessica, if you've got the time to ride this one out you'll certainly be a lot better off than many others out there. Around these levels, I have to agree are pretty good buying opportunities. May pick up some more myself next week depending on what the stock does.

MEO also looking rather battered right now too, do you hold any of those? I'll consider buying for the short term when or if there are any indications of a turn-around. Right now, it's suffering though...eiiighh! Another one to watch I reckon.

Have a good weekend. :)
Sagitar
 

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