AED - AED Oil

[resourceboom]

I was hoping todays announcement "Puffin-8 Flowtest Supports 15–20,000 stb/d Production Expectation" would be released last month, as that was my tipping comp choice

Oh well, hopefully this great ann can give the sp a run like the last major run from around $3.

 

[laurie]

We all are waiting for the oil to flow

cheers laurie

 

[chops_a_must]

We all are waiting for the oil to flow

cheers laurie

I don't think it's going to take that Laurie. The chart is now looking fantastic again. Long sideways consolidation, with a big white candle sticking up at the end of it. The price action today was great to watch. Fnishing on its highs, opening on its lows, without any step backwards throughout the day. On good volume as well! It reminds me very much of MCR pre the 2.30 breakout.

I cannot see any reason for this to fail at 5.20 this time... the only thing that would throw a spanner in the works are some options being converted. But I don't see why anybody would be wanting to sell right now as a lot of risk has been all but removed.

Cheers,
Chops.

(holding NWE and AED)

 

[laurie]

We are at the end of the financial madness months of May/June that's the only sell off coming that I can see, nice to see NWE stick its head above water

cheers laurie

 

[gunditrader]

We all are waiting for the oil to flow

cheers laurie

Cheers for your thoughts laurie. These responses help me question my decisions. Thoughts like this are especially valuable on such an optimistic forum, where negative comments are a rarity.

However i can't see anyway but up for the share price from here. This stock has significant upside potential imo

 

[laurie]

Cheers for your thoughts laurie. These responses help me question my decisions. Thoughts like this are especially valuable on such an optimistic forum, where negative comments are a rarity.

However i can't see anyway but up for the share price from here. This stock has significant upside potential imo

No worries gunditrader it's Xmas in July for us holders

cheers laurie

 

[chops_a_must]

No worries gunditrader it's Xmas in July for us holders

cheers laurie

Like I was saying yesterday Laurie, I didn't think it would take that long. And look at the sell depth now! There is basically nothing between here and $6!! And sells are getting pulled and set higher, and they are just getting nailed consistently. It's fantastic... I have been very patient with this one, and it looks like it is paying off very well, again.

I'm not sure if anyone does darvas boxes, who follows this stock... but from a very rough and inexperienced job, it comes out about $7.10. Not bad.

Anyway... keep it coming.

Cheers,
Chops.

 

[chops_a_must]

Surprised I was the only one talking about this stock today...

Another day of this and it would most likely be very much an outstanding breakout. It's not even anywhere near fair value so its hard to see where this one will end.

There are rumours elsewhere that AED are doing the rounds with brokers to try and get some analysts looking at it. Makes sense as it still appears way undervalued, and all we have is the UBS report from a while back with a value of 12.30. And I don't think that even included the last round of reserve upgrades.

Anyway, the chart is now looking good again after a very long consolidation. 4.75 looks to have formed as very strong support. The volume is a long way off all time highs, although it is well above average levels... and the $ value of the trades today were probably roughly similar. If it can cluster a few big few days of volume together as it did at at ~1.50 and ~ 3.50.

Daily pivot points for anyone interested (just mucking around with these):
R3: 5.623
R2: 5.496
R1: 5.413
Pivot: 5.286
S1: 5.203 (interestingly, this is the old high resistance point...)

Finished on the R3 from yesterday.

 

[nizar]

THis one is already outstanding.
As for NWE, i hope its doing the right thing. I want it to open even at .20 or even .195 so it can run all day. If it gaps up to say .205 or .21 on the open, then if we dont get outstanding buying pressure it will get sold down.
Lets see what happens.

As for AED, it shouldnt close below $5 again.

 

[bigdog]

The market likes the AED announcements of recent days

Today AED $5.51 +$0.18 +3.38% $5.51 high and low of $5.35 339,100 shares $1,844,239 04-May 11:43:06

SP has increased 71 cents in past nine days - excellent action

Date ----- Close Volume
03-May-07 5.33 1,350,818
02-May-07 5.08 1,101,392
01-May-07 4.83 411,147
30-Apr-07 4.79 161,167
27-Apr-07 4.80 80,380
26-Apr-07 4.80 409,375
24-Apr-07 4.77 173,203
23-Apr-07 4.80 80,901

 

[chops_a_must]

In all reality, there just aren't any sellers left on this:

Price Quantity Number
1. 5.650 5,727 3
2. 5.690 1,800 1
3. 5.700 5,000 1
4. 5.750 1,200 1
5. 5.800 8,050 3
6. 5.900 12,000 2
7. 6.000 1,944 2
8. 6.500 4,000 2
9. 6.600 1,609 1

I am one happy camper right now. Another one for me to buy on any weakness...

 

[laurie]

I'm amazed why there are always sellers when its moving north hmmm profit must be their sole purpose so why not hang on to them longer? Anyhow they ain't getting mine

cheers laurie

 

[chops_a_must]

Hate to be negative, but i'm not a fan of this share anymore. that $5 resistance level has halted any positive rise in price and maybe the market has factored in all this and $5 is the new high's. Has anyone got any ideas of how this share will perform over the next few months/yrs.

Very well.

As Bill Lawry says, "He's a Victorian this man!"

Interestingly, the R3 weekly pivot point comes out at 7.25. Close to that rough Darvas box calc. Perhaps if it runs hard again, it might pause in the low $7 range sometime next week?

Anyway, the weekend financial papers love stories like the Puffin one. Might get a few more people interested if it gets some press.

 

[nizar]

Very well.

As Bill Lawry says, "He's a Victorian this man!"

Interestingly, the R3 weekly pivot point comes out at 7.25. Close to that rough Darvas box calc. Perhaps if it runs hard again, it might pause in the low $7 range sometime next week?

Anyway, the weekend financial papers love stories like the Puffin one. Might get a few more people interested if it gets some press.

In at 5.43 the open.
Been waiting to get in for ages.
Yesterdays action confirmed the breakout for me.

 

[svensk]

In terms of the chart, this recent breakout has many similarities to what happened in early December last year. Hopefully for the holders of this stock it can have a similar result.

 

[laurie]

Topped up today looking the goods as nizar commented :

cheers laurie

 

[bigdog]

Assume that market liked todays ASX ANN and now up 20 cents to $6.03

AED $6.03 +$0.20 +3.43% high of $6.12 and low $5.81 489,085 shares 2,935,603 09-May 12:54:27

09-05-2007 10:41 AM AED Drilling Progress Report - Final
http://asx.com.au/asx/statistics/showAnnouncementPDF.do?idsID=00719444

Drilling Progress Report - Final
The Company pleased to announce that following the successful drilling of the Puffin-8 production well, the Stena Clyde drill rig has now been demobilised.
Installation works for the Puffin-7 and Puffin-8 wells and the FPSO have commenced.

 

[somesortoftrader]

AED is still moving... Does anyone know whats next for this beauty?

Is $7 still on the horizon?

 

[laurie]

AED is still moving... Does anyone know whats next for this beauty?

Light Sweet Crude I would love to buy a bottle or two then again I may buy champagne and drink to AED success

cheers laurie

 

[CanOz]

I'd hope some consolidation would follow this lovely breakout...i was just admiring the chart today, thinking "if i only had more time to pick out all of these great breaks".

Oh, well..plenty of time left for the oilers yet.

Cheers,