AOE - Arrow Energy
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And it has reached the $4 mark. With new highs as well! A few months ago i predicted that in December AOE will reach $4.50 maybe might be a little bit earlier than expected!
Up today on high volume. Any ideas why other than the inevitable speculations about a Shell takeover?
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NEW highs..Possilby, dont know though..im on commsec and theres what currently now over 200 somethin buyers and what under 80 sellers..maybe some news ought to come out soon? Has there been any news recently?
The quarterly report will be due but it's more likely that the SP is being driven by enthusiasm for the csm business generally and the prospect that Shell may want to strengthen their position here.
AOE's SP is up 4% today.
Seems to be moving on the back of LNG which is up 8%! Perhaps some news is expected there?
Well, the news was released yesterday wasn't it!
LNG Ltd announced encouraging progress in its CSG to LNG project.
AOE benefitting as 10% shareholder in LNG Ltd and supplier of gas to the project.
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The Australian Financial Review published that there is speculation that Shell and PetroChina may do a joint bid for AOE. Might have pushed some speculators on board.
Arrow taking another major leap!!!
... nothing like a rumour to hot things up hey! (see ASX speeding ticket and their response). Big reserves increase obviously underpins the revaluation too - so investors are laughing and good on em. I'll be back in when I can. They have proven they didn't need PES's gas to supply their LNG plant and they are off !!!!!!
-d
..(as much as i'd love to watch the days trading - gotta go to work :-(( )
... nothing like a rumour to hot things up hey! (see ASX speeding ticket and their response). Big reserves increase obviously underpins the revaluation too - so investors are laughing and good on em. I'll be back in when I can. They have proven they didn't need PES's gas to supply their LNG plant and they are off !!!!!!
-d
..(as much as i'd love to watch the days trading - gotta go to work :-(( )
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hmm good see $20/share for AOE...
well it looks like it might have pushed some speculators on board for LNG.
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A few brokers initiating covering of AOE with buys, but announced today no takeover bid lol. What a downramp!
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Well the rumour is working..Hopefully it will last the next few days! WOW it took this long for brokers to realise the potential of AOE.
It is interesting but the only source I can really locate as to the facts of the take over bid looming is the Daily telegraph. It seems all the stories and rumors around are citing that source.
Arrow itself has been very vague in its statements. As it was in relation to the pure take over bid.
Has anybody heard from any other news that is not indirectly from the daily telegraph.
I have been a long term holder of Arrow and will continue to hold arrow on a long term outlook.
Would be interesting if it can flush out some other bidders.
Arrow itself has been very vague in its statements. As it was in relation to the pure take over bid.
Has anybody heard from any other news that is not indirectly from the daily telegraph.
I have been a long term holder of Arrow and will continue to hold arrow on a long term outlook.
Would be interesting if it can flush out some other bidders.
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The Sydney Morning Herald takes quite a dim view of Arrow's takeover chances:
Arrow does the rounds and comes up empty
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Have a look at todays AFR, page 22. Title is "Arrow all of a quiver on claims bid is on the way". Some interesting facts, also mentioning that both Santos and Origin are undervalued.
That is a bit strange.
I use to subscribe to fats but wondered about some of there recommendations. When they put a buy in on CUO (I think around the $1 mark when they recommended now worth nothing) that was enough for me.
One question remains for me, is the gas stocks becoming to oversupplied.
I will continue to hold Arrow.
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JP Morgan rates AOE as Underweight 16/09/2009 05:41PM
They've reviewed its return expectations for the proposed Curtis Island LNG project to create a more even split for the upstream and downstream components, which means a lowering of its valuation upside for the company from gas supply.
In the broker's view the share price currently includes a takeover premium and it sees such an outcome as unlikely, while uncertainties associated with commercialisation of its reserve base further supports its Underweight rating.
Target price is $3.29 Current Price is $4.15 Difference($0.86) - (brackets indicate current price is over target). If AOE meets the JP Morgan target it will return approximately - 21% (excluding dividends, fees and charges - negative figures indicate an expected loss).
They've reviewed its return expectations for the proposed Curtis Island LNG project to create a more even split for the upstream and downstream components, which means a lowering of its valuation upside for the company from gas supply.
In the broker's view the share price currently includes a takeover premium and it sees such an outcome as unlikely, while uncertainties associated with commercialisation of its reserve base further supports its Underweight rating.
Target price is $3.29 Current Price is $4.15 Difference($0.86) - (brackets indicate current price is over target). If AOE meets the JP Morgan target it will return approximately - 21% (excluding dividends, fees and charges - negative figures indicate an expected loss).
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