BOW - Bow Energy

[rhyslivs]

Does anyone have a technical perspective on this stock in its current position?

Will we see consolidation around the 70cent mark in anticipation of a further break upwards?

Volume has dropped off significantly.

 

[oldblue]

Probably did the wrong thing but I sold most of my BOW last week at 74/74.5. Have kept a few and will take up the issue ( of course!). Still a long way to go on this but judged that the whole CSM scene may be getting a bit frothy and that it was time to take a bit of money off the table.

 

[YOUNG_TRADER]

Another stock thats doing amazingly well given the current mkt conditions, wouldn't surprise me if there's more consolidation in the whole CSG/CBM space given how hard the majors have been going

Something seems to be up with BOW though time will tell

Not holding any by the way just making observations

 

[Shrewd Crude]

All the traders have been caught out selling in the 70's...
The path to the future price is uncertain but that future price is not....
there are big returns to be made, but who really knows if it will go down before it goes up...
it would make sense that a sell off is due...
I would like to give my price prediction but im not sure thats allowed...

.^sc

 

[FNQTrader]

definitely not going down at the moment - though keep expecting it to drop off at some point - very few sellers around though it seems. am happy for it to keep right on going - though am holding long term anyway

 

[bassmanpete]

Announcement here regarding reserves certification. Price currently at $1.38 having hit a high of $1.45.

BOW has been my largest holding in terms of number of shares for some time and is now the largest in value.

 

[big sal]

BOW up over 13% today to finish at $1.40, no doubt helped along by this morning’s announcement (excerpt below):

“Bow Significantly Increases Gas Reserve Targets
The Directors of Bow Energy Limited (Bow) are pleased to announce a substantial increase in Bow’s Coal Seam Gas (CSG) reserve targets with 1,900PJ of 3P and 450PJ of 2P certified reserves targeted by the end of 2010.”

 

[kingbrown]

Yes it was good news for BOW holders

Whilst ive been fluffing about with aoe,esg,bul, etc

This csm stock has gone off like a frog in a sock

todays action
Open: 1.23
High: 1.40
Low: 1.18
Volume: 2,762,102
Previous Close: 1.24
52 Week High: 1.45
52 Week Low: 0.16
P/E Ratio: 0.00
Dividend: 0.00
Yield: 0.00%
EPS: -0.00
Market Cap: 251,367,008
Shares Out: 179,547,863
Ex. Date: n/a




Any strong pointers out there that point to BOW being subject to a takeover PES style ?

Any comments ??

Do not hold bow
K.B

 

[joeyjoejoe]

i sold my ESG's @ 0.72 before they went to 0.82 (back down now)

and put that capital into bow. my original purchase was @ 0.90. still missed the boat but on average im almost at a 50% profit.

 

[Nero64]

BOW up over 13% today to finish at $1.40, no doubt helped along by this morning’s announcement (excerpt below):

I used to hold it at .38c. Stopped out in the early 50. Ahh well. I remember Regina Menai writing about it in the Sunday Investor section of the paper. That's why I bought in.

 

[oldblue]

Any strong pointers out there that point to BOW being subject to a takeover PES style ?

Any comments ??

Do not hold bow
K.B

QUOTE.

The market obviously expects a bid at some stage.
The strongest pointer is the meteoric rise in the SP but there are also the strong links between AOE and BOW, the latter originally being a spin-off from the former, the common directorship ( I think that's still there?) and the proximity of BOW's acreage to AOE's.
That's more than enough to get the wheels spinning!

 

[FNQTrader]

For me there are similarities between this one and QGC - if only because they have good management, with good tenements close to distribution points.

can't recall where i initially came across BOW - was plenty of similar ones around at the time - but the strong management, the offshoot from AOE and the tenements being in an area i knew (close to QGC tenements) i think saw me take the initital punt.

Got in at .25 here - same as i did in QGC - got out too early from QGC at 2.55-3.00 - not intending to fire off too soon on this one......... still holding for the long term.

 

[philly]

I don't hold BOW but do have VPE which has 45% in Don Juan field with BOW.
FYI this appeared in the Australian but as always DYOR

WHAT THE BROKERS SAY: Sarah-Jane Tasker | May 25, 2009
Article from: The Australian
Bow Energy (BOW) Wilson HTM Buy recommendation 12-month price target of $1.75 Last traded at 98cBow


THE coal seam gas story continues to surprise on the upside, with the sector full-steam ahead, providing plenty of new opportunity for juniors such as Bow Energy.

Bow is an emerging Australian coal seam gas and conventional oil and gas company, with projects located in Queensland, NSW and Western Australia. The bulk of the company's value proposition is based on coal seam gas (CSG). Bow's three main projects are located next to existing CSG projects with certified reserves, increasing confidence that Bow's target of 1875 PJ of net 3P reserves by the end of 2010 will be achieved.

"We believe Bow's CSG assets are of good quality, due to their scale, proximity to known CSG fairways and producing CSG fields, proximity to infrastructure and gas demand, and the initial well results in Bow's and adjacent tenements, which indicate coals expected to be conducive to CSG development," Wilson said in its note initiative coverage on the stock.

 

[JAKSPARA]

BOW has taken a hammering of late?? any ideas why?? still think this company has huge potential.

 

[oldblue]

BOW has taken a hammering of late?? any ideas why?? still think this company has huge potential.

Junior O&G companies are subject to a lot of volatility in their S/Ps, especially ones which have run as hard and fast as BOW has lately.

Could be as simple as that.

 

[UPKA]

classic hammer head formation - intra day low jumping to close with a high, plus the raising volume!! technically it should be moving north over the next week or so...

 

[JAKSPARA]

I'm really new to this but after alot of scanning the internet and research on bow and looking at how the likes of arrow energy etc. had recently performed I decided to buy some shares. I missed the big run they have had and have subsequently lost money (on paper). But I will continue to hold for the long term as I still strongly believe they have big potential.

 

[Dukey]

MMmmm - Have been watching BOW with a view to entry for a while now. They seem to have a pretty solid portfolio and management, but difficult to say where the sp will bottom out after the big rise of the last few months.
Recent news seems OK. I think I'll be watching for the chart to turn north and jump in soon after. Yesterday may have been it... but need more time to tell for my liking.
Should be a winner long term none-the-less.
- Dukey

 

[Dukey]

MMmmm - Have been watching BOW with a view to entry for a while now. They seem to have a pretty solid portfolio and management, but difficult to say where the sp will bottom out after the big rise of the last few months.
Recent news seems OK. I think I'll be watching for the chart to turn north and jump in soon after. Yesterday may have been it... but need more time to tell for my liking.
Should be a winner long term none-the-less.
- Dukey

Gawd !!!
So quiet here considering BOW's recent rise and good news.

Bought a few the other week but had to put a rushed order in before traveling and only part was filled at - just a few thou 82c ... but still - better than nothing.
The recent results from blackwater have been very encouraging methinks...with plans for pilot production wells meaning they have great confidence in what they have found thus far.

BOW is on the way......with some pretty impressive targets : 1,900PJ of 3P and 450PJ of 2P certified reserves targeted by the end of 2010.
Not there yet - but on the way and looking good.

BOW websites seems to be down at the moment but these links provide some background

http://www.asx.com.au/asx/statistics/displayAnnouncement.do?display=pdf&idsId=00971187

http://www.theajmonline.com.au/mini...ories/company-briefing-bow-energy-ltd-asx-bpo

...good luck all..D...

[ hopefully you're still with us jakspara?]

 

[JAKSPARA]

Hi Dukey

Yes still very much here. infact after the latest retrace i picked up more and now BOW is my biggest holding (although MEO starting to catch up . Love this one.