AEL - Amplitude Energy

[yogi-in-oz]

Hi folks,

COE ... testing its January 2006 highs now
and hit 73 today, where the sellers have
emerged to set up further overhead resistance,
at this level.

Technically, a break above 72 by 08052006,
would see us looking for further overhead
resistance, around 89 cents.

Looking at some key dates ahead, for COE:

08052006 ..... 3 cycles here and though we
may see some positive news,
market reaction may be muted,
until about 22052006 ???

22-23052006 ..... minor and positive news???

26-29052006 ..... minor and positive cycle here.

02-06062006 ..... minor and negative news - finances???

13062006 ..... significant and positive cycle.

27062006 ..... negative spotlight on COE

29062006 ..... minor and positive - finances???

Further ahead, probably a bumpy ride through
July 2006, until about 28-31072006, when we
should see a positive spotlight on COE .....

Attached chart for COE, says it all .....

happy trading

yogi

 

[xice]

Whilst company has been quiet, they seem to manage to usually get a stake of Beach (BPT) producing fields.
has increased 5% over the last 2days
This was valued at over 70c in the lead to the micro boom in May 06, and IMHO undervalued

Traded Over 7 times usual volume yesterday.

 

[dubiousinfo]

Fat Prophets’ StockWatch: Cooper Energy
August 31 2006 - Australasian Investment Review – (AIR)

Fat Prophets believes Cooper Energy is starting to regain momentum following a solid production quarter that saw a 4 per cent increase in oil sales and record cash reserves of $24 million.


Recent exploration success has also boosted attributable oil reserves by 50 per cent to 1.2 million barrels.
FP believes the company is successfully addressing the issue of declining reserves and a seven-well drilling program targeting more than 200 million barrels of oil is underway.

Cooper’s share price is consolidating following a correction from the all-time high last of May at 81 cents.

The company is an established and profitable junior oil company, with production sourced from the Cooper Basin in South Australia. The basin ranks as Australia's largest and longest-producing onshore oil and gas field.

In terms of FP’s earnings outlook, we anticipate full-year net earnings of around $10 million, slightly below the previous year's $11 million figure due to exploration write-downs. For 2006/07, we anticipate an increase in net earnings to $12 million.

Cooper Energy therefore represents a significantly undervalued junior oil play. In FP’s view, it is difficult to find a better value junior oil exposure.

The market cap is $69m & $75m including various options with ex prices ranging from 20c to 55c.

If the fat prophets profit estimates are correct (they seem in line with the $6m reported in the half year to Dec 05) then EPS for the year will be 7.8c/Shr & PER of 6.3, or 7.2c/Shr & PER of 6.8 diluted.

Add into this some good exploration potential & I would have to say I agree with fat prophets.

I grabbed some last month & am considering getting some more.

Any thoughts??

 

[nioka]

The market cap is $69m & $75m including various options with ex prices ranging from 20c to 55c.

If the fat prophets profit estimates are correct (they seem in line with the $6m reported in the half year to Dec 05) then EPS for the year will be 7.8c/Shr & PER of 6.3, or 7.2c/Shr & PER of 6.8 diluted.

Add into this some good exploration potential & I would have to say I agree with fat prophets.

I grabbed some last month & am considering getting some more.

Any thoughts??

My homework suggests they could be on the move. i have just bought a few at 49.5c. with a view to hold for a year. Targeting the old 80c.

 

[ALFguy]

Definitely on the move now - bought some earlier today.

Looks to have good medium-long term potential.

 

[billhill]

Up 4.5 cents today so sounds like you guys may be right

billhill

 

[Ken]

they get a pretty good rap in smart inestor magazine.


valued at 58.5 cents.

at the moment p.e ratio of 6

 

[vicb]

Interim results for Cooper Energy due out on Friday (29/09/06).

 

[Ken]

im due for some GREEN

 

[Ken]

well according to a report it says the following.

-they are producing 368,000 barrels.
-exploration success in august positions itself to produce in excess of 300,000 barrels in 06/07
- coopers most recent success. joint venture with beach petrolem, was assessed at 1.6 million barrels.
- cooper had record of $25.9 million in cash at june 30, 06,
- hartleys analyst, Andrew Roswell, says success at south madura could be worth $450 million, or $3.09 per share to cooper.
- The energy's base case valuation is 59.7 cents, however this only includes 13.6 cents for the companies international interest.
- cooper has no hedging in place,, so its taking advantage of high oil prices.

if south madura lives up to promise potential cash flow could be basis for significant re-rating.

Its trading on PE ratio of 6 times earnings.

anyways i believe it could be a winner and got some.

 

[laurie]

Remember Ken good management is also important factor to consider

cheers laurie

 

[Ken]

exactly,

also written is the decisions made in international exploration is the key.

 

[Ken]

up to 54.5 cents!

price of oil to rise again and it could be even happier days!

 

[laurie]

OPEC to reduce production by a million barrels of oil per day

cheers laurie

 

[Ken]

does that also mean load up on SANTOS and WOODSIDE???

or has boat been missed on that. what effect would 1 million barrels a day have on price of crude oil

 

[laurie]

ken
I think OPEC it trying to get it up to $70!

cheers laurie

 

[billhill]

Basically OPEC will not let the price go below 50USD a barrel again.

what effect would 1 million barrels a day have on price of crude oil
Yesterday 03:09 PM

From memory the world uses between 80 and 90 million barrels of oil per day so cutting production by 1 million will reduce supply by 1-2%. Doesn't sound like heaps but with such tight markets at the moment i think it will keep the price around $60.

Billhill

 

[Halba]

no i wouldn't load up on santos. they are declining reserves and desperately trying to increase it by putting low ball bids for other companies. doesn't cut it for me.

 

[laurie]

Well said Halba

cheers laurie

 

[Ken]

floating around 50-52 cents.

anyone holding? and why