AOE - Arrow Energy
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Suprised me with the movement today. I was expecting it to go backwards with the converted options trading. Very suprised when they hit $1.30.
All looks good though and I think I we will see a further up swing in the future.
This stock is far from finished.
All looks good though and I think I we will see a further up swing in the future.
This stock is far from finished.
chops_a_must
Printing My Own Money
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I've finally got some money to put into this one. Just waiting for the right time. Seeing what this is going to do next. Would like it to sit on 1.15 for me.
going has been slow since start of year with the share slipping down to a support of 1.15. We've had some good long term news, but it just seems to be holding atm. Bought in at 1.10 and another lot at 1.23 so happy to hold atm pending any new announcements or major price mvmts.
Hope this sleeping giant wakes up soon.
Hope this sleeping giant wakes up soon.
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Yeah I also got in, its definitely consolidating. There was a a nice run up late last year so its taking a breather. Lot of things that look good with this one such as the India venture, exploration, production and turning in a profit this year. It all points to another succesful year. I classify this one as a long termer.
nice to hear a cpl of positive sentiments about this one, lots of my colleagues have run clear of this due to the lack of price action.
If she continues to hold around 1.15 i might buy in another parcel because on the back of some good news I don't doubt that she could test her 1.30 ceiling.
Fingers crossed
If she continues to hold around 1.15 i might buy in another parcel because on the back of some good news I don't doubt that she could test her 1.30 ceiling.
Fingers crossed
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Earlier this month there were some biggish buys of over 100,000 shares or more at a time around the 1.15-1.20 mark. That puts confidence in the stock. There really hasn't been any negative news (touch wood) re this company and its seems a lot of hurdles and ifs are falling into place like the PNG gas pipeline not proceeding, winning the India tenements, merger with CH4, coalbed methane gas sentiment.....the positive news just keep on rolling....I can see the price rising but not before a bit more selling as the company has hung around with the share price steady for a long time. Its cashing in time to some.
Hey LIS I held in the 60's for a good 4-5 months I think it was before I was faced with a nice increase. This is a very good company..allready with cashflow being generated. What do they have in the bank? Isn't it like 70 million off the top of my head. This company is set for big things.
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Chris
You've done well.....I'm holding onto this little nugget until it fulfills its potential and the big institutions take notice. This is a nice energy stock/explorer/producer. I like to see microcaps become smallcaps or bigger. They are very few and far between but this one is shaping up nicely.
You've done well.....I'm holding onto this little nugget until it fulfills its potential and the big institutions take notice. This is a nice energy stock/explorer/producer. I like to see microcaps become smallcaps or bigger. They are very few and far between but this one is shaping up nicely.
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chris1983 said:
Look at AOE go.....up 11%. Nothing like a good presentation and a big buyer to spark a rally. I'm very keen on this stock Chris just like you are. I think its just the two of us in this one
Hey LIS. Its because of the new Santos offer to QGC shareholders. They are offering an overall value of 1.80 per share for QGS shares. You would of read from the fat prophets write up they are extremely keen on Arrow Energy. For others to see extracts from the write up below.
"With regard to a broad earnings outlook, we anticipate Earnings per Share (EPS) of 2.5 cents in 2007, increasing to 4.5 cents in 2008. We regard these as conservative estimates, as they do not account for other significant production opportunities that could materialize in what is a very rapidly changing landscape.
Corporate activity in the resources sector is increasing and the CSG sector is no exception. Santos recently announced a hostile $606 million takeover bid for Queensland Gas. A close inspection of the bid shows that Santos is paying A$1.38/GJ of 2P reserves, based on QGC's current 2P reserves of 423 PJ.
By comparison, Arrow's own 2P reserves are 498 PJ, yet Arrow's market value is just $450 million. We believe that valuations based on 2P reserves alone are not an appropriate way of valuing CSG companies, as they do not accurately reflect the potential upside from commercialization of overall 3P reserves, but the exercise does provide an interesting comparison and highlights Arrow's fundamental value. Furthermore, Arrow beats QGC in terms of 2P & 3P reserves, current and forecast production, contracted gas sales, producing and developing projects, as well as boating tremendous partners in GAIL and Tata. "
Now you have to take into account they have aquired a 50% ownership in Global CBM pty ltd which will now be renamed to Arrow Global CBM pty ltd.
"Global is in the advanced stages of business development for the
acquisition of coal bed methane (CBM) assets in Indonesia, China, Vietnam
and India."
The other assets the have exposure to in Indonesia are
"Arrow Energy has reached an agreement with Sugico Graha, PT (Sugico), which provides Arrow with an option to farm-in to twelve of Sugico’s tenements in South Sumatra, Indonesia to earn up to a 65% interest in each."
So what valuation can we put on Arrow? Another winner with this one LIS. Still a long long way to go.
"With regard to a broad earnings outlook, we anticipate Earnings per Share (EPS) of 2.5 cents in 2007, increasing to 4.5 cents in 2008. We regard these as conservative estimates, as they do not account for other significant production opportunities that could materialize in what is a very rapidly changing landscape.
Corporate activity in the resources sector is increasing and the CSG sector is no exception. Santos recently announced a hostile $606 million takeover bid for Queensland Gas. A close inspection of the bid shows that Santos is paying A$1.38/GJ of 2P reserves, based on QGC's current 2P reserves of 423 PJ.
By comparison, Arrow's own 2P reserves are 498 PJ, yet Arrow's market value is just $450 million. We believe that valuations based on 2P reserves alone are not an appropriate way of valuing CSG companies, as they do not accurately reflect the potential upside from commercialization of overall 3P reserves, but the exercise does provide an interesting comparison and highlights Arrow's fundamental value. Furthermore, Arrow beats QGC in terms of 2P & 3P reserves, current and forecast production, contracted gas sales, producing and developing projects, as well as boating tremendous partners in GAIL and Tata. "
Now you have to take into account they have aquired a 50% ownership in Global CBM pty ltd which will now be renamed to Arrow Global CBM pty ltd.
"Global is in the advanced stages of business development for the
acquisition of coal bed methane (CBM) assets in Indonesia, China, Vietnam
and India."
The other assets the have exposure to in Indonesia are
"Arrow Energy has reached an agreement with Sugico Graha, PT (Sugico), which provides Arrow with an option to farm-in to twelve of Sugico’s tenements in South Sumatra, Indonesia to earn up to a 65% interest in each."
So what valuation can we put on Arrow? Another winner with this one LIS. Still a long long way to go.
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