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Ken said:
Very tru mate, but unfortunately with investing patience also comes with "Opportunity costs" ie money generating better returns in other plays until COE is ready to get its act together
AEL - Amplitude Energy
- Thread starter yogi-in-oz
- Start date
Very tru mate, but unfortunately with investing patience also comes with "Opportunity costs" ie money generating better returns in other plays until COE is ready to get its act together
Bought back into Cooper again last week at 43.5 for a short term trade.
Originally bought them at 50c a while ago.
Surprised they have been a little slow but support seems to be gaining with buyers sitting under the current price.
Will sell some this week for a quick turn over but will hold some for a longer stance.
They have had some support in the past with buy recommendations from brokers, and paid for subscription recommendation.
The price of coe reflects the oil price drop.
Good little company with plenty of cash oil and projects on the table.
Seems to be well undervalued but oil is out of favor this month.
Swing back in oil should see value added.
I will be trying to jump in and out of COE in the next couple of weeks.
Originally bought them at 50c a while ago.
Surprised they have been a little slow but support seems to be gaining with buyers sitting under the current price.
Will sell some this week for a quick turn over but will hold some for a longer stance.
They have had some support in the past with buy recommendations from brokers, and paid for subscription recommendation.
The price of coe reflects the oil price drop.
Good little company with plenty of cash oil and projects on the table.
Seems to be well undervalued but oil is out of favor this month.
Swing back in oil should see value added.
I will be trying to jump in and out of COE in the next couple of weeks.
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I like COE but IMO there are better oil plays at the moment. Nexus, Petsec, Horizon, Amadeus just to name a few are getting bigger and better and potentially even though their market cap is bigger they have the better assets so I'd prefer to invest in them.
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AMU has about 100m in debt, so how long is it going to take to pay that back, earning 10m a year in profits?
Garpal Gumnut
Ross Island Hotel
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Ken said:
COE seem to be on a terminal slide chartwise. Down and down in a descending triangle, the only triangular pattern with a better proven outcome. Volume usually increases towards the end of the pattern before it breaks down, or less likely up. Garpal
https://www.aussiestockforums.com/forums/attachment.php?attachmentid=6322&stc=1
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Ken said:
Good buy opportunity
just saw the anouncement that cooper has farmed out part of the madura operation to nations petroleum. Can anyone tell me what this means for the company, is it good or bad. Nations petroleum seem a good company with 50000 barrel daily output so the deal could lower the risk profile but does that mean a cut in profits if they find oil. Any comments welcome.
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All the current detail re re the South Madura prospect are covered in Mike Scott's chat with Boardroom radio which was highlighted this morning. He is pretty bullish about the prospect and the significance of the farm out. have been biding my time waiting to load up before the drilling run and knew the movement was due to start shortly with spud in not so far away. Unfortunately the 41-42 range seems to have bolted this morning and we now have to pay around 45-46 which may seem cheap in a couple of months.
To listen to the broadcast,
http://www.brr.com.au/event/COE/406/19252/wmp/ec86y5uywh
To listen to the broadcast,
http://www.brr.com.au/event/COE/406/19252/wmp/ec86y5uywh
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Pretty good announcement by Cooper this morning having acquired exciting prospects in North Sumatra. Coupled with the Indonesian Govt announcement reported at and things are looking good for COE. Just awaiting annoucement of the spud in date for Kurnia due sometime in March. SP up 12% atm - may be correction before close.
kerosam said:WAS looking for a good entry price (like 38 cts) then came the report from FAT Prophets... they have recommended a SELL...
darn! now i have to look for another oil and gas company.
I would not for one moment take Skinny Prophets advice just look at their own sp
cheers laurie
