AUT - Aurora Oil and Gas

[BrightGreenGlow]

Claude - they cant go in the desert, they need to be within close proximity to the baseload area. They also need copeous quantities of water. Hence why japan runs them on the coast.
http://www.aph.gov.au/library/pubs/rn/2006-07/07rn12.pdf

Back on to AUT, done my buying for the week, time to watch tv as the lemmings watch thier stocks and panic. Enjoy the show. Dont just be a lemming, make your own judgments. corn:

Agreed. They need water to create the steam and to cool the whole show down. Without the sea water the reactors would be far worse off now. Not to mention employees access to this desert site. Thermal steam is the way to go!

anyways I see AUT dip then come back up. Thats a big plus.. hopefully we wont dip too much over the coming weeks and get some more reports of drilling and production... condog, when's the next date for this? thanks.

 

[shanti]

Not so. Central Australia was used for atom bomb trials. At that time I was a trainee industrial chemist and we were working on trials extracting rare earths from Monazite. Monazite also contains thorium. We discovered radioactivity in local milk, supposedly from fall out, when testing the process for radioactivity. Fallout was detected all over NSW.

Dust storms regularly send inland dust over Melbourne and Sydney. Sometimes as far as New Zealand.Sparsely settled east coast areas are the only possible choice but even those have their NIMBYs.

Maybe thorium based generation with its low radioactivity and safer characteristics is worth investigating.

Thank you for this valuable post Nioka.
Just the fact that dangerous radioactive waste takes (millions of years?) to break down should prompt inteligent people to investigate safe alternatives first. Green energy is expensive and inadequate because it hasn't been properly investigated/ invested into and is only in it's very initial stages of serious research. Look at the power of the ocean, each wave or high tide UNBELIEVABLE energy constantly repeated (without a need to build damms). Surely this unlimited clean energy could be harnessed but who will lobby? Not the powerfull coal lobby hugely propped up by subsidies etc. Why shouldn't we desire and invest in a cleaner, safer planet for our kids and grandkids and for all the beautiful creatures we share the planet with?
Back to AUT- it would make sense to utilise undervalued gas reserves during transition to cleaner energy for the benefit of ALL.
Good luck

 

[Tuckertime]

Nice movement overnight on the TSX for AEF and also DOW was positive. Road to recovery for the market, hopefully closing nicely before the weekend. Yay

 

[cmxd]

Last night AEF in TSX closed at $2.880
Change: 0.270 (10.34%)Volume: 1,092,387

This morning company announcement: Harbour Advisors (Canada) increased holding from 25,000,000 to 30,495,632, voting power at 7.6%.

Most markets were positive last night, Today's AUT should have a good run.

 

[BrightGreenGlow]

Last night AEF in TSX closed at $2.880
Change: 0.270 (10.34%)Volume: 1,092,387

This morning company announcement: Harbour Advisors (Canada) increased holding from 25,000,000 to 30,495,632, voting power at 7.6%.

Most markets were positive last night, Today's AUT should have a good run.

Harbor just bought another 1.2% of AUT, nice takeup. Announcement is out today about the change.

 

[dashwood]

Not sure why 7.6% ownership by Canadian company and therefore concentration on tsx stock (somewhat inaccessible to minnows) is a good thing but ready to be enlightened!

 

[condog]

Not sure why 7.6% ownership by Canadian company and therefore concentration on tsx stock (somewhat inaccessible to minnows) is a good thing but ready to be enlightened!

Anything that tightens supply of sellers and thus helps sustain higher prices is a good thing. Its only worrying if they start to acquire too much and thus threaten to take over, robbing us of our future growth.

Riight now i reckon lots of private holders would sell at $4.50 hostile take over. They wouldnt factor in that they should be seeing sp up around $7-$9 at end of 2011 imo if things go to plan. And higher in 2012.

I like it that JPMORGAN and Harbour both have a reasonable position, then theres the Stewarts holdings, all making a hostile TO, just that bit harder.

 

[BrightGreenGlow]

More stocks held be a holder such as Harbour advisors means less selling pressure, seems a gimmie really. I'd love someone to purchase another 1% of any stock I own. Espeically if they are a proven holder.

 

[dashwood]

yes let's hope the three big players remain and that no deals are struck so that minnow 'hold'ers don't miss out on full potential

 

[TabJockey]

I was looking at some valuation ratios of AUT compared to its contemporaries yesterday and it looks to me like the SP run we had before the carnage of the last week or two was pretty much contingent on a)the number of big brokers pushing the stock and b) the very positive internet forum sentiment.

As a business there are much better buys out there in O&G but they dont have the sentiment push AUT has had. Stock may continue to climb quickly after this current mess is sorted out but I would expect to see some sharp peaks with this one.

 

[condog]

I was looking at some valuation ratios of AUT compared to its contemporaries yesterday and it looks to me like the SP run we had before the carnage of the last week or two was pretty much contingent on a)the number of big brokers pushing the stock and b) the very positive internet forum sentiment.

As a business there are much better buys out there in O&G but they dont have the sentiment push AUT has had. Stock may continue to climb quickly after this current mess is sorted out but I would expect to see some sharp peaks with this one.

What are you basing this on. Yes if you base it on a EV/BOE of course AUT will be low, its got massive massive reserves upside that hasnt really come through in its reserves upgrades yet. It doesnt fit in the box - so to speak.

If you do the maths and project what thier program will be earning by end of 2011, i think you will regret posting this.
AUT operates with a few premiums, because its upside is monumental compared to some peers and its risk imo is minimal. And end of 2012 is mind blowing.

 

[Assasin]

I was looking at some valuation ratios of AUT compared to its contemporaries yesterday and it looks to me like the SP run we had before the carnage of the last week or two was pretty much contingent on a)the number of big brokers pushing the stock and b) the very positive internet forum sentiment.

As a business there are much better buys out there in O&G but they dont have the sentiment push AUT has had. Stock may continue to climb quickly after this current mess is sorted out but I would expect to see some sharp peaks with this one.

Nice try Jabjockey,
really informative post. You sure added to the thread.
No one here has ever said AUT was the be all and end all allthough last years gold medal was worth hanging your hat on.
Come up with something worthwhile.

 

[kitehigh]

A great close today up over 11%, glad I took the dip to double my holding's in this stock.

 

[tradefill]

A great close today up over 11%, glad I took the dip to double my holding's in this stock.

yeh you did well, i would have done the same if i had money. Opportunities like that are hard to find. Everyone panicking provided that opportunity. Very nice/ needed jump today, hopefully we will soon be back at previous highs and then more...imo aut has been very oversold lately

 

[cmxd]

How good AUT is today

 

[prgudula]

yeh you did well, i would have done the same if i had money. Opportunities like that are hard to find. Everyone panicking provided that opportunity. Very nice/ needed jump today, hopefully we will soon be back at previous highs and then more...imo aut has been very oversold lately

more good update from stoxline

 

[PinguPingu]

more good update from stoxline

I've only been aware of this site since a few months ago (being a super noob), generally, how accurate do their targets seem to be?

 

[isplicer]

I'm really keen to make an entry into this stock at around the $2.85 mark (Why didn't I just buy it yesterday??? ). Any chance of a small blip downward toward the mid-low 2.80 mark sometime next week, or is the general consensus just blue sky from now on?

 

[tradefill]

market depth is looking healthier aswell

 

[tradefill]

I'm really keen to make an entry into this stock at around the $2.85 mark (Why didn't I just buy it yesterday??? ). Any chance of a small blip downward toward the mid-low 2.80 mark sometime next week, or is the general consensus just blue sky from now on?

i've done that a few times, trying to save a few extra cents. These days if the fundamentals are good and the share price is low, such as aut has been recently, i just buy at market so i don't miss out. But I wouldn't worry too much, even at current prices it is still well undervalued imo. Imo blue sky all the way, just not sure about short term movements, the market imo over reacts about anything