AED - AED Oil

[jonojpsg]

Well I'm in deep as well - bought at 9.63 on my margin account and watched it go to 11.40 - yippee I thought - then sat back and stupidly!! watched it plummet, making up margin calls all the way down. I have a settlement on a block of land I sold coming in at the end of Jan but I wish I had it now so I could dump it all on AED, which just has to be way oversold based on any sort of reasonable analysis

Costs for Puffin are $9m per month are they not? And anyone who thinks oil is going to go back below maybe $80 a barrel is kidding themselves.

 

[strayda11]

Its oversold- based on what we know..

But theres a few BIG fears:

1. possibly downgrade of North field...

2. no recoverability from South..

3. flow rates won't go any higher than 10k, and will only head lower from here..

I hold- wishing I had sold at 11 too(bought in at $6 however, so not gutted!)..

Think we'll see 20k+ in next few months, and possible commission of SW in 2008...

Can't see any reason to sell now-either you sold at $9-11, or ride out the storm. Good luck!

 

[VViCKiD]

AED smashed again....
When is this going to get better ?!!?!?!?
I can't believe this crazy stock !!!

 

[Fed23]

I bought in at $9, if it goes lower I might be tempted to buy in again to lower me average per share. Then sell when I get even again

 

[Santoro]

I bought in at $9, if it goes lower I might be tempted to buy in again to lower me average per share. Then sell when I get even again

Hoping to get in at the $3 level tomorrow....this has been dissappointing, simply = what a **** up, still the oil is still their just costing a fair whack to get it.
Need to get some ann's with the flow increasing...sooner the better, it should stop the price from floundering on the floor like a drunk with a skin full.

 

[VViCKiD]

Oil is up ... hopefully there is a bit of a rally for AED..
how many units has everyone got ?? What did everyone get in at ?

 

[prawn_86]

VVicked,

Although not against ASF policy, it seems a bit rude to me to ask people to divulge personal information.

It is up to members if they say how much they own etc without being asked.

Just my

thanks

Prawn

 

[VViCKiD]

Sorry.... noobie mistake...
I bought in and lost a truck load ... just wondering wat happened to everyone else ... that's all

 

[prawn_86]

No problem.

Im sure some people would prefer to state it as you have rather than giving exact figures and numbers

Welcome to ASF btw.

 

[strayda11]

I bought 6 months ago (about where things stand now)- watched it go all the way to $11, and all the way back down...

Hindsights a wonderful thing..

I do think at current prices almost all the bad news is priced in:

1. no upgrade to 10kbpd
2. possibly reduction in north field
3. no production whatsoever from south field

They're making about $1/m day on current prices- so only option for me right now is to sit tight... Looking for a production upgrade next month or so which should solve alot of problems. Sounds like Puffin SW is at least 9 months away-so not expecting much news there. I only have a small holding- so not overly concerned...

 

[VViCKiD]

thanks ...this is the first time i've ever been on this forum..
shame i didn't discover it earlier... it might've did me some good.

 

[VViCKiD]

I orginally bought an amount @ 0.92... Then i sold at 6.70 and just bought back in recently @ 4.80 ... I didn't expect the price to fall that much in 1 day !!

 

[laurie]

What we don't need right now is a cyclone forming up in the area where AED is producing that's the other variable factor that may further impact on the sp so unless they have some form of insurance against production loss due to weather conditions etc at least we know that's going to be a $1m+ a day loss its not so much the actual cyclone but the disconnection,going to port and back and reconnecting that takes time

cheers laurie

 

[VViCKiD]

I am really starting to hate this stock... It plummets everyday !!!!
It looks like it's in free fall !!! Any one with ta knowledge care to give a bit of analysis? Where does it look like support will form?

 

[nikkothescorpio]

Wow - tis surely the classic example of why not to buy against a trend - is clearly why its like trying to catch a falling knife!!!

KNowing this I still couldn't help myself at $4 and watched it blow on by me - currently into low $3.80's.

I'm not a tech guy - but I cannot see any support for it until it hits its 12mth levels - so $3.30 or so.

Cursing my inability to be patient....though I am sure others are many times more!

 

[Fed23]

Is it ever going to stop? Its in the red everyday? What the hell is management doing? putting the money in their pockets? I thought of buying more at $3 something but from the looks of things it might even get to high $2

 

[VViCKiD]

damn .... this is a major catastrophe !!!!! arrghhh ..
I wanna buy a drink but thanks to AED, I can't afford one any more.. LoL



terrible...

 

[nikkothescorpio]

Is it ever going to stop? Its in the red everyday? What the hell is management doing? putting the money in their pockets

Hmmm unfortunately the market is just really hard on stocks that it loses confidence in - and I thin the repeated downgrades and sketchy unclear wording used by AED in its releases has pushed the market too far.

You can either think its really oversold and is just getting pummeled based on the sentiment or that there's a fundamental problem with the stock and its moving to where the price should be.

Prolly a bit of both but you'd have to think its a tough trend to break.

 

[grace]

Yes, from an outsider looking in, I would not touch AED until a major reversal happens as the graph just looks horrific. I feel sorry for those who bought up at the top (although I've got my fair share of dogs). I don't own AED, but it's graph kind of looks like PDN a few months ago! Everyone is deserting the sinking ship...

 

[nikkothescorpio]

Hmmmm well okay thats my 20 mins of AED fun ......after losing $700 or so I'll walk away hopefully having learnt a lesson.

I hate that - do a stupid thing and blow that kinda money and yet be careful with normal things that cost far less.

I still think AED is a good stock thats oversold but the market sentiment is just out of control against it at present - alas when a stock rises as rapidly as it did , it doesn't build up any resistance levels on the way up and so no real supports on the way down.

It could hit $3.30 today - with the usual Friday arvo sell off still to come and maybe then it will stick here for a while or maybe even at $3!

Difficult thing is going to be all the jaded punters who had bought in at much higher levels as it TRIES to get back up.

Alas this seems to have happened to a few stocks lately....AGK, FUN, ALL, CCP