FDM - Freedom Oil and Gas

[ParleVouFrancois]

Re: MAD - Maverick Drilling & Exploration

Read the announcement out today, the range of the warrants is from 96 cents to 75 cents, 75 cent curiously being the low of the day as well, which strongly suggests that the selling was forced.

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

Read the announcement out today, the range of the warrants is from 96 cents to 75 cents, 75 cent curiously being the low of the day as well, which strongly suggests that the selling was forced.

Starting to look that way with a close of 90c today and back in positive territory.
Just market jitters atm with the fiscal cliff. Once that's sorted out there should be a rebound to a few of the stocks.
Sooner thats sorted the better.

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

Maverick starting to look good with supply and demand. Up 8% as i speak.

 

[ParleVouFrancois]

Re: MAD - Maverick Drilling & Exploration

A bit of settling of nerves after the mini's getting smashed a day or two before the JV finalization was due to be announced... Now that it's all said and done and completed, nothing to worry about in the short term for Maverick, I was watching the trading all day today (nothing too do and bloody hot in Darwin), and the supply of sellers just dried up, whereas the buyers slowly trickled in all day.

Hopefully another nice relaxing day tomorrow as well!

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

A bit of settling of nerves after the mini's getting smashed a day or two before the JV finalization was due to be announced... Now that it's all said and done and completed, nothing to worry about in the short term for Maverick, I was watching the trading all day today (nothing too do and bloody hot in Darwin), and the supply of sellers just dried up, whereas the buyers slowly trickled in all day.

Hopefully another nice relaxing day tomorrow as well!

Cav for a cold beer wouldn't be a bad idea!!
MAD on the Charts are looking good but we'd need an expert like Tech or co to confirm.

 

[Sdajii]

Re: MAD - Maverick Drilling & Exploration

MAD is in the ASX 200! Quite a surprise, but a good one.

I'd be interested to hear what someone like Tech/A thinks of the chart at the moment. It looks a bit ambiguous to me. The trend was down but the last week and a bit look like something different is going on. It could be just that things are going back to the old trend after the stop losses were triggered and caused too big a drop last week, and it looks like a recovery, or maybe it actually is some sort of new pattern.

Either way I can't see too much positive movement without production increase, but if the fundamentals are sound that's just a matter of time.

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

I thought Mavericks announcement out today was quite positive with Production trending up as a result employing an additional 10 members to their operational team.
Everything looks positive on the surface with MADs POO at $102 per barrel yet market is selling down on this.
Is it because i just happen to get on board in MAD (lol) or could there be another reason for it's down trend.
Any thoughts?

 

[Sdajii]

Re: MAD - Maverick Drilling & Exploration

I thought Mavericks announcement out today was quite positive with Production trending up as a result employing an additional 10 members to their operational team.
Everything looks positive on the surface with MADs POO at $102 per barrel yet market is selling down on this.
Is it because i just happen to get on board in MAD (lol) or could there be another reason for it's down trend.
Any thoughts?

Scepticism and bad technicals (that's clear even to a crappy tech/a like me). The drop in production to around 500BOPD when expectation was for a rapid increase towards double that and then beyond was a clear confidence killer. Production is going to have to continue to increase for another month or few before confidence returns.

Management used to have a reputation of underpromising and overdelivering. This year they've reversed that reputation, and that's difficult damage to undo. If everything in the presentation is true and accurate we'll be looking good in 2013, but we probably have at least another month or two without much excitement.

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

Scepticism and bad technicals (that's clear even to a crappy tech/a like me). The drop in production to around 500BOPD when expectation was for a rapid increase towards double that and then beyond was a clear confidence killer. Production is going to have to continue to increase for another month or few before confidence returns.

Management used to have a reputation of underpromising and overdelivering. This year they've reversed that reputation, and that's difficult damage to undo. If everything in the presentation is true and accurate we'll be looking good in 2013, but we probably have at least another month or two without much excitement.

Yes it looks as if it hasn't found it's bottom yet as far as sp goes and looks like it will be awhile before the old highs return. MAD announced an increase in production for December so hopefully they'll go back to their old ways and over deliver. It will be interesting to read MADs next Quarterly.

 

[explod]

Re: MAD - Maverick Drilling & Exploration

Yes it looks as if it hasn't found it's bottom yet as far as sp goes and looks like it will be awhile before the old highs return. MAD announced an increase in production for December so hopefully they'll go back to their old ways and over deliver. It will be interesting to read MADs next Quarterly.

MAD was the almost perfect story and made some from trading it myself.

However the trend is all down so one to be away from.

On US soil you can be sure they do not like someone from outside coming in and showing them how it is done. It reeks of shorting and manipulation and you can be sure that someone in the US will accumulate in this trading to take it all away from us in due course.

It was a great party whilst it lasted but the game in my view is probably over.

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

MAD was the almost perfect story and made some from trading it myself.

However the trend is all down so one to be away from.

On US soil you can be sure they do not like someone from outside coming in and showing them how it is done. It reeks of shorting and manipulation and you can be sure that someone in the US will accumulate in this trading to take it all away from us in due course.

It was a great party whilst it lasted but the game in my view is probably over.

Interesting thoughts explode. You think a T/O down the track? How did AUT survive then?

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

Reluctantly out of MAD. Oh the pain. Being in the same sector and area why does AUT rise in price while MAD continues to fall. Doesn't make any sense. Yesterdays announcement was showing a considerable increase in production and yet this. Oh well back to the drawing board.

 

[Sdajii]

Re: MAD - Maverick Drilling & Exploration

Reluctantly out of MAD. Oh the pain. Being in the same sector and area why does AUT rise in price while MAD continues to fall. Doesn't make any sense. Yesterdays announcement was showing a considerable increase in production and yet this. Oh well back to the drawing board.

MAD and AUT are very different. Different geology, methods, strategy. Difference size. Different stage. One is a well established producer, one is an explorer/early producer which unexpectedly had a dramatic drop in production when a dramatic rise was expected/promised.

The announcement said production had increased, but only back to around where they were a few months ago, and nowhere near where we were expecting to be by now.

If the fundamentals are good the price shouldn't go too much lower (they'll be able to find excuses to give us some happy news or point out necessary bits and pieces). If you think management is deceiving us, run away.

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

Maverick had some heavy trading at the close of day something like 12mil traded. Wonder who's dumping and why. Seller or sellers haven't finished yet so be interesting to see how low this can go? Support around the 70c but if that get broken where to next. Surely Mavericks last announcement wasn't the reasoning behind this dump.

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

Interesting watching MAD last few weeks of trading. Bit of a bounce of 11% today. May have found it's support and starting a rebound. A bit early to tell if it's going to trend up. imo.
Where's that annoying duck when needed?

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

Interesting watching MAD last few weeks of trading. Bit of a bounce of 11% today. May have found it's support and starting a rebound. A bit early to tell if it's going to trend up. imo.
Where's that annoying duck when needed?

Bought back in on close @ 77c. Supply seems to be falling away.

 

[mr. jeff]

Re: MAD - Maverick Drilling & Exploration

Interesting watching MAD last few weeks of trading. Bit of a bounce of 11% today. May have found it's support and starting a rebound. A bit early to tell if it's going to trend up. imo.
Where's that annoying duck when needed?

technically not looking good, and I agree with the frustration, in a similar position is RFE, but there it is actually appearing to be on the way to breaking the long standing trading range to the upside... worth a look perhaps.

 

[jancha]

Re: MAD - Maverick Drilling & Exploration

technically not looking good, and I agree with the frustration, in a similar position is RFE, but there it is actually appearing to be on the way to breaking the long standing trading range to the upside... worth a look perhaps.

Hope your right on the upside Mr Jeff.
Fundamentally Maverick have 166 new wells being drilled between 1st of Sept 2012 to the 20th of August 2013 increasing in production with both new wells and bringing existing wells back on line. Since it's decline in share price wells and production have increased not deceased. MAD are also in a stronger cash position than before to fund future developement yet the sp has more than halved!
Unless the market were expecting bigger and better things from Maverick i cant understand why the market has more than halved it's sp. Hopefully for whatever the reasoning behind this sell down your correct in saying there looks like an upside to it technically.

 

[frankie_boy]

Re: MAD - Maverick Drilling & Exploration

Hope your right on the upside Mr Jeff.
Fundamentally Maverick have 166 new wells being drilled between 1st of Sept 2012 to the 20th of August 2013 increasing in production with both new wells and bringing existing wells back on line. Since it's decline in share price wells and production have increased not deceased. MAD are also in a stronger cash position than before to fund future developement yet the sp has more than halved!
Unless the market were expecting bigger and better things from Maverick i cant understand why the market has more than halved it's sp. Hopefully for whatever the reasoning behind this sell down your correct in saying there looks like an upside to it technically.

I believe its time to accumulate...

 

[systematic]

Re: MAD - Maverick Drilling & Exploration

technically not looking good

I agree with mr. jeff. I have MAD as not looking at all good from either a momentum or a value perspective.