AOE - Arrow Energy

[Go Nuke]

Gee poor AOE. Doesnt seem to be doing so well these days.

making lower highs.
Today we almost had a Morning Star formation except that the Third candle is Black (red in this case), therefore I can only assume that this is more bearish that bullish.
Especially on a day like today.


Morning Star: A three day bullish reversal pattern consisting of three candlesticks - a long-bodied black candle extending the current downtrend, a short middle candle that gapped down on the open, and a long-bodied white candle that gapped up on the open and closed above the midpoint of the body of the first day. Taken from Stockcharts.comFor those who would like a definition.

 

[Go Nuke]

Well i hope there is no limit on posting charts, but AOE is proving to be a good chart for me to practice my charting techniques with

So far it looks like I was right with my last post about the formation being bearish....now I have a new one.

I see after todays market the possibility of a Morning Doji Star forming PROVIDED that there is a bullish green candle tomorrow.
This was borrowed from Stockcharts.com for those who are interested-

The black candlestick confirms that the decline remains in force and selling dominates. When the second candlestick gaps down, it provides further evidence of selling pressure. However, the decline ceases or slows significantly after the gap and a small candlestick forms. The small candlestick indicates indecision and a possible reversal of trend. If the small candlestick is a doji, the chances of a reversal increase. The third long white candlestick provides bullish confirmation of the reversal.


This would also coincide with the low of May 9th 2007, adding re enforcement of a possible bottom.

Of course these are all just my thoughts and I'm only learning so please dont go out and buy any AOE based on my thoughts

 

[agro]

i noticed a bunch of coal stocks all up around 5% each today - AOE, MCC, FLX to name a few..

does this suggest market sentiment returning to those stocks that are oversold?

 

[agro]

not too sure why this is going down based on a good anouncement! - possibly opes

i think long term LNG and coal will do well!

 

[trishan9390]

not too sure why this is going down based on a good anouncement! - possibly opes

i think long term LNG and coal will do well!

I believe it OPES as AOE shares are being dumped - see Michael West's article in the Age, "OPES trail heats up" or something like that.

Should see more of this selling over the next few days. I am waiting for signs the selling is over and then will probably buy into it. Good value at these prices!

 

[SGB]

143 buyers for 2,103,913 units 106 sellers for 870,255 units

Its been a fews weeks now that the demand is overbalancing supply.

Big players starting to emerge again .... good to see.

Just an observation!

SGB

 

[agro]

I believe it OPES as AOE shares are being dumped - see Michael West's article in the Age, "OPES trail heats up" or something like that.

Should see more of this selling over the next few days. I am waiting for signs the selling is over and then will probably buy into it. Good value at these prices!

dumped!!

talk of breakout

trading above its 21 day MA

up 11% today! something boiling

just my opinion though

 

[trishan9390]

dumped!!

talk of breakout

trading above its 21 day MA

up 11% today! something boiling

just my opinion though

LOL My order is set at 2.17. If it manages to get there tomorrow then we're in business and should see some good gains. Expect resistance at 2.15. Today's price movement was on good volume, but a little overdone methinks.

 

[agro]

LOL My order is set at 2.17. If it manages to get there tomorrow then we're in business and should see some good gains. Expect resistance at 2.15. Today's price movement was on good volume, but a little overdone methinks.

if your lucky you might pick it up under $2 caus i don't think the DOW will go up again tonight somehow

not unless Benanke gives a good speech

 

[trishan9390]

Couldnt wait any longer, picked some up at 2.01. Looking good in the short term. Broke through 2.06 mark which is a good sign. Let's hope short sellers have left the building.

 

[agro]

Couldnt wait any longer, picked some up at 2.01. Looking good in the short term. Broke through 2.06 mark which is a good sign. Let's hope short sellers have left the building.

thats a good price - it was high as 2.13

2nd quarter profits are expected to increase compared with last year

check out the arrow website and have a look at the media clips in the investor section..

 

[grace]

Couldnt wait any longer, picked some up at 2.01. Looking good in the short term. Broke through 2.06 mark which is a good sign. Let's hope short sellers have left the building.

Picked some up for $2.02 today. Is this selling still opes, or is it just the overall market keeping this one down, or a bit of both?

 

[SGB]

143 buyers for 2,103,913 units 106 sellers for 870,255 units

Its been a fews weeks now that the demand is overbalancing supply.

Big players starting to emerge again .... good to see.

Just an observation!

SGB

WOW Up over 20% for the month.

Finally broke its downward trendline on the 16th and confirming the breakout by advancing through the 200d MA and 23.6% Fib line.I would now expect any selloff to be supported within this area and ifso a chance to topup those long positions.

SGB

 

[oldblue]

And, of course, the buying being pushed along by all the excitement over British Gas/ Origin!

Coal Seam Gas back in the headlines.

 

[laurie]

Well that's part of the reason but the future price increase of local gas may be also the driving force behind the sector increase,expect a few more T/O or JV to happen soon,especially those that have proven gas reserves because in the past this was the nemeses of the CSM industry SUPPLY

cheers laurie

 

[rogue_investor]

Agree with you there Laurie. I think we could see plays on some of the smaller caps that have potentially very large reserves in strategic locations.. Have a look at what the share price of SXP, ESG and to a lesser extent BOW have done in the last 2 weeks. BOW resources are located around the same area as AOE in QLD. ESG could be a target for the likes of AGL for Sydney supply. Speculation of course but there certainly is upward momentum for CSG companies.

 

[SGB]

Be interesting to see if this Bullish Pennant takes place. Will be testing old highs if it does.

SGB

 

[Tysonboss1]

Hi Guys,

Reading AOE 2007 annual report I saw a breif paragraph mentioning that AOE had conducted a study on GTL(gas to liquid) technology and was just wondering if any body new what stage the were at with this,... or if they are planning a gtl plant some time soon,...

I think the fundamentals for a GTL plant producing synthetic ULP and diesel is qutie stong.... I would love to see a plant go ahead in Australia.

 

[Jimminy]

Hi Guys,

Reading AOE 2007 annual report I saw a breif paragraph mentioning that AOE had conducted a study on GTL(gas to liquid) technology and was just wondering if any body new what stage the were at with this,... or if they are planning a gtl plant some time soon,...

I think the fundamentals for a GTL plant producing synthetic ULP and diesel is qutie stong.... I would love to see a plant go ahead in Australia.

There is chatter around that Arrow are in discussion with New Hope (or vice versa) concerning CTL possibilities. New Hope are on the record for investigating a 1500bbl/day trial project at New Acland.

A syngas plant won't produce ULP - only diesel sorry.

 

[kingbrown]

agree with you there Laurie. I think we could see plays on some of the smaller caps that have potentially very large reserves in strategic locations.. Have a look at what the share price of SXP, ESG and to a lesser extent BOW have done in the last 2 weeks. BOW resources are located around the same area as AOE in QLD. ESG could be a target for the likes of AGL for Sydney supply. Speculation of course but there certainly is upward momentum for CSG companies.

Intresting day with CSG!
Re QGC play into the NSW gas market again with their proposed gas line and large gas fired power plant
Which appears to run right through ESG csm acreage ?

imo looks like ESG may be ripe for a buy out ??
any opinions with any other csm holders would be welcome ?


ESG closed at .75 today finally getting back to mid last years highs again