AED - AED Oil

[kevinecom]

Hey Niz, yeah long time bud hope you've been well

To be honest I had no idea how much SIPC had paid for the 60% share and I didn't think the funds actually came through, so was very surprised to see they had

I think the oil price is definately hurting AED but the fact that it has plenty of cash to last at least 12months with current unprofitable conditions means that when/if the oil price goes back to say $60 then profitability will return as will the predators imo

I don't know why AED don't just store the oil and wait for higher prices, I think I read somewhere Exxon Mobil where doing that, I think its a gamble but smart


lol the YT factor I think AED is a bit more sophisticated than that

Any chartist views?

YT,
Glad to see u back, does this mean we're in the bull market now? lol

Hoping to see more of your research on the undervalue stock.

 

[Go Nuke]

Well, Im not really a chartist..but more of one than a fundamentalist:

I'd have to say short term after 5 negative days down its pretty over sold and you could almost be assured of a gain in the next few days.

I'd probably look to exit at 76c - 80c.

Oil prices have been going up and this baby has been going down...not a good sign. But definitely over sold lately.

 

[jimski]

GREAT AUK!

Today's announcement re hydrocarbon discovery at Great Auk seems to have given this old dog some upwards momentum at last. Can anyone interpret the ASX official release better than I can? My reading is that this discovery confirms that the indcations are good it is still very much uncertain as to whether this might lead to actual production in future.

 

[Nero64]

Just read about 20 pages of this thread. Feel enriched by reading it and will re-examine anything in my current portfolio.

It has everything to make a block buster movie or book - My title would be The false dawn, The company that never delivered.

People buying and buying in the belief that it will go to the moon.

Company execs giving out glowing unsustainable reports

Throw in Alan Kohler as the investigative journolist who goes along with the hype.

CEO's wearing base ball caps to general meetings.

People buying at the top on broker and newspaper reports betting their life savings

The belief in the sp going up again with such strong fudamentals.

This disbelief as the bad reports start coming in.

The company ignoring the pleas of its shareholders

The unscrupulous brokers who place buy targets on the stock and suck more buyers into it.

Rising oil prices at the backdrop of the worse financial crisis in 70 years

The short sellers and opportunistic bounce reversal traders who carve more flesh and blood from the buy and hold at all cost investors.

Ectasy and pain and then silence.

Now the sharks and bottom feaders see profits again.

 

[happytown]

aed has entered into a transaction to acquire a 50% jv with nexus in the longtom project (first gas and condensate production expected july) and an exploration permit

...

Key highlights of the transaction include:
– AED to acquire a 50% interest in Longtom project for A$155 million
– AED to pay Nexus an initial secured deposit of A$35 million followed by a further payment of A$120 million upon completion of the transaction and AED obtaining debt financing
– Substantial 2P Reserves (175PJ gas and 2mmbbl condensate, or 32mmboe1 - AED’s 50% share)
– Strong cash flow project with long term CPI linked fixed price contract
– First gas and condensate production anticipated during July 2009
– Completion is anticipated to take place by September 2009 after construction of the Longtom project is completed

...

AED’s 50% interest in the project is forecast to be cash flow positive immediately after completion (generating in excess of A$30 million of EBITDA per annum attributable to AED) and adds significant value for AED shareholders ... the transaction represents an effective price of A$0.83 per GJe of 2P Reserves which compares favourably to other recent acquisitions within the industry

...

sp currently down approx 4% on low volume

cheers

 

[logic&reason]

AED OIL SCREAMING BUY!!!

Since AED sold 60% of its assets for 600 million to sinopec its virtually debt free and also has a lot of money to start future expansions. It also is currently producing at a stable pace. With the oil price bottoming the average profit per barrel should be around $15-$20 US which values its 40million barrel reserve at a profit of 600 million with a conservative view. Or its saying the field is worth 2.4billion in US if oil is priced at $60 per barrel. Right now AED has a market capital of 161million which means it is definitly undervalued since just its profit is worth 240million.

 

[jimski]

Re: AED - Screaming buy????

I wonder if AED Blunder agrees with that sentiment?! Are the BOD turning this thing around at last or are they still wearing baseball caps and playing fast and loose with ordinary shareholders investments?

 

[Aargh!]

Re: AED OIL SCREAMING BUY!!!

Since AED sold 60% of its assets for 600 million to sinopec its virtually debt free and also has a lot of money to start future expansions. It also is currently producing at a stable pace. With the oil price bottoming the average profit per barrel should be around $15-$20 US which values its 40million barrel reserve at a profit of 600 million with a conservative view. Or its saying the field is worth 2.4billion in US if oil is priced at $60 per barrel. Right now AED has a market capital of 161million which means it is definitly undervalued since just its profit is worth 240million.

Had to laugh at this one post wonder. Let's not consider recoverable oil because why would we?

The field will never be worth 2.4 billion. They were lucky to make someone believe it was worth 1 billion. Beware of cons in suits and baseball caps, they fooled most of us.

Nevertheless who can argue with you when you say and I quote "AED OIL SCREAMING BUY!!!"

 

[UPKA]

Re: AED OIL SCREAMING BUY!!!

Since AED sold 60% of its assets for 600 million to sinopec its virtually debt free and also has a lot of money to start future expansions. It also is currently producing at a stable pace. With the oil price bottoming the average profit per barrel should be around $15-$20 US which values its 40million barrel reserve at a profit of 600 million with a conservative view. Or its saying the field is worth 2.4billion in US if oil is priced at $60 per barrel. Right now AED has a market capital of 161million which means it is definitly undervalued since just its profit is worth 240million.

i think ur figures r way out... you would be lucky to extract about 30% of the total reserve. is 40m barrels proven or probable reserve?

 

[jimski]

Does anyone other than me and the directors still hold some AED?
What happens next now that Puffin is closed down?
Link here to a West African purchase by Sinopec...

http://www.forbes.com/feeds/ap/2009/08/12/ap6769283.html

 

[Aargh!]

Does anyone other than me and the directors still hold some AED?
What happens next now that Puffin is closed down?
Link here to a West African purchase by Sinopec...

http://www.forbes.com/feeds/ap/2009/08/12/ap6769283.html

I took what little of my initial investment that was left in AED and sold it. Took a big hit and glad to be out of the joke that is AED Oil. I would love to get my hands on the directors...

 

[jimski]

I took what little of my initial investment that was left in AED and sold it. Took a big hit and glad to be out of the joke that is AED Oil. I would love to get my hands on the directors...

Probably the best decision of your life! I sold the bulk of what I had when the price was on the way down from the dizzying heights of 10 bucks plus but stupidly kept hold of some for god knows what misguided reason and took my eye off the ball. I live in hope that I will just be able to get rid of those at par which for me was around 1.80. What a bunch of muppets!

:horse::horse:

:badass::badass:

 

[AED Blunder]

.... Whatever these incapable people do turns into a failure. Just read their recent company announcements and you get a pretty good idea. They remind me of a drug addicted teenager who comes back to daddy at regular intervals, asking yet again for a few more dollars. You know deep down that another life is waisted. I can't tell you how angry I am with this company and their useless and arrogant executives. I no longer own AED shares.

 

[DVEOUS]

AED has been on my Commsec watchlist for a while now, along with a few other oilers.
I haven't really been following it's SP or this thread much at all, until now.
I appreciate you taking the time to comment, and have now removed it from my watchlist.

Sounds like CCE I bought into.
What a dog that has been, and I don't need another one.

 

[FLYFIFER]

AED OIL

Any one have any idea what is happening here with Puffin? We were promised a new independent engineers report by end June 2009 ~ instead total silence!

Thanks,
Flyfifer

 

[AED Blunder]

..... The stuff that goes on behind the scenes of this 'company' is hair raising. Take a look at the latest announcement, where almost one million new shares were issued in exchange of convertible notes. No initial disclosure and further heavy dilution of the common share holdings. Won't be long before a new capital raising exercise will be due, possibly at 50 cents (or less) per share. Another opportunity to burn some cash, if you are looking for a tax deduction. All these people seem to be doing is sitting around a table in some hotel room, working out these deals. Meanwhile their laughable rig is floating around trying to suck a few drops of oil from the puffin joint venture (love that name), long abandoned by a much larger and experienced resource giant. It really is high time that the ASX is handing over the supervisory control of all listed shares to a hopefully more curious body. Just my opinion of course.

 

[Nero64]

This stock I reckon is undervalued. Based on assets alone it is worth $1.40+

Last few days have saw some blow off wics on the lows with increasing volume. Friday saw a hammer type doji with a move off the lows into the black on a down day.

 

[RP_Automotive]

I believe the reason this stock is undervalued is because of the wrecklesness of management...nobody really has confidence in which way its going to go.

 

[AED Blunder]

Take a look at the latest 'activity report' just published minutes after the close of business at the stock exchange (these guys are just fantastic). The front page is coloured in black, with a look and feel of a funeral notice. This stock is most definetily not valued correctly. Ask me how much I think it is really worth and that reply will not be published in this thread. A bunch of incompetent criminals. No joke!

 

[Knobby22]

Take a look at the latest 'activity report' just published minutes after the close of business at the stock exchange (these guys are just fantastic). The front page is coloured in black, with a look and feel of a funeral notice. This stock is most definetily not valued correctly. Ask me how much I think it is really worth and that reply will not be published in this thread. A bunch of incompetent criminals. No joke!

Oh. I don't know, at least one of them hasn't got their foot caught in the hole or hasn't slipped in the grease.

It looks like AED has missed out on getting a half share of the Longtom project at Nexus at a great price. I am quite happy as a Nexus holder.

I diagree that AED is unfairly priced. They need to prove up that they can get the oil out of the ground to give confidence to the investors. If and when they do, then you may see some repricing. I lost a bit on this company but got out long ago.