ARQ - Arc Energy

[3 veiws of a secret]

Well $1.24 a few blinks yesterday or the day before -and today $ 1.50+....this share is a wizard, if not a true star. A day traders delight indeed!
Richkid! did you trawl this one out, if so put a smiley on your reply!

 

[3 veiws of a secret]

I keep seeing this stock dropping off to $1.50 levels every once in a while ,and everytime I buy into them and sell at $1.65>$1.70 it drops back again to $1.45>$1.50........deja-vu who knows ! Ching ching I'm in again !

 

[brerwallabi]

Rich
Are you still following this?
I think $1.60 might be possible on the chart, does not look like one to hold though.
The price of oil is also a concern.

 

[RichKid]

Rich
Are you still following this?
I think $1.60 might be possible on the chart, does not look like one to hold though.
The price of oil is also a concern.

Apologies Brer for not replying sooner, just stumbled on your post while browsing for something else.

I'm bearish oil and bearish oil stocks but I do expect this sharp sell off in oil to end shortly and then we should see a temporary retracement during which I expect some oil stocks to bounce too (could correspond with a retest of your upper boundary on your chart, best to trade the ARQ chart than the oil chart for such a bounce imo), but in the short term oil aint my darling, although over the next few years I expect to see prices above $90 based on the current price trend.

I too like ARQ but can't see a reason to buy atm, I view this as a major correction in the first major cycle of what I expect will be a stellar bull run- that's just probabilities, not sure what will actually occur.

Just my views guys, have often been wrong on these oilers of late and I'm not exactly a gun trader but it's well worth studying these mid sized producers, you never know what you'll learn before the next bit of oil mania on the ASX.....

 

[RichKid]

Another chart, weekly, similar to yours Brer, showing a broad channel. Today is Monday so that last bar is not of much use, just trying to show the general trend...there is some buying though (see the mid range close of last week for instance).

 

[scranch]

Bought a small parcel today @ $1.27.
Can see more upside than downside at that price.Will keep a tight stop,and take a small loss if neccessary.
Brian

 

[3 veiws of a secret]

Bought a small parcel today @ $1.27.
Can see more upside than downside at that price.Will keep a tight stop,and take a small loss if neccessary.
Brian

Well Brian I'm just been hanging on waiting for $1.25.....then I'm in like Flynn! 17500 will do me !
ARQ has been a little earner for me ,somehow feel touched by it ...... G'Luck @ $1.27!!!!

 

[yogi-in-oz]

Hi folks,

ARQ ... will be alert for news early this week
25092006, then some more significant time
cycles coming into play, on:

06101006 ... aggressive move here???

12102006 ... spotlight on ARQ

16102006 ... financial news here ???

happy days

yogi

 

[KaiserBun]

It was interesting to see on Lateline Business the other night where the head of AWE admitted to discussions about takeover/merger but refused to provide details.

I wonder if ARQ has had the same interset in it.

Just from an Australian perspective, who would be interested in merging, taking over ARC??? Just after opinions, not saying that these companies are actually interested.

For me, i believe ARC would fit into SANTOS very well. It would give them exposure to the onshore Perth Basin.

 

[brerwallabi]

Nice pick up for ARQ over the week.
3 views did you miss buying?
There was a lot of volume on Friday, it might reach that $1.60 again.
I think I would be having a very tight stop now if I owned this.

 

[3 veiws of a secret]

Nice pick up for ARQ over the week.
3 views did you miss buying?
There was a lot of volume on Friday, it might reach that $1.60 again.
I think I would be having a very tight stop now if I owned this.

Yep I missed it .My strict policy of not chasing the share explains my discipline. But nevermind it's a poker game at the moment ,it will resurface again to its lower levels. Next week you might be driving that porsche!

 

[Dukey]

Dont forget the ARQ - ADI (adelphi) connection.

IF ADI have good news from Sugarloaf this or next week (mid-late Oct) - then surely ARQ will jump with it.

How much i dunno - someone in another thread suggested up to +$1 per ARQ share - but that might be pushing it. Could press towards $2 again though...

As for Santos wanting ARQ - They seem to have their hands full with their QGC bid at the mo!! If that falls through - who knows.

 

[Agentm]

hey Dukey,,

yep, as an ARC shareholder,, its definately nice to see the rise,, you may find its from ADI.. as they own 25% of ADI then if sugarloaf strikes it big and the hosston sands are a success, then the price will be worth $1 to the ARC price..

As for takeovers,, they have been trying to make it attractive but i think as they have no new field discoveries, then they are not so attractive,, they have had a few look at them,, i believe one merger came close.. but by an large they are better equiped to actually snare a few small cap oil companies themselves and get into new acerage that way.. that are ceryainly cashed up... and so are Adelphi.. I think you may find that the Sugarloaf prospect is holding up both companies from taking on new leases,, they will need all their cash reserves and them some if sugarloaf becomes a success,, for the gas alone they will need to drill about 15 wells... and the oil thats been found but kept quiet may take 100 wells..

ARQ is a definate hold right now or a great spec buy!!!

 

[cicak_kupang]

I agree, if sugarloaf shines like its looking like, then it would be awesome to see the share price back up to $2 plus. I know ARQ has had a few dry wells and hence no new finds in the last 10 months, but its a well managed company, great cash flows and loads of bucks in the bank. Sugarloaf aside, Yemen is on the horizon for drilling, and thats looking promising from what i've read. I just have this feeling that ARQ will shine through at some time. Lets stop looking at the past and focus on what the future will hopefuly hold.

 

[3 veiws of a secret]

... Yemen is on the horizon for drilling, and thats looking promising from what i've read. I just have this feeling that ARQ will shine through at some time. Lets stop looking at the past and focus on what the future will hopefuly hold.

I've taken a look at the blocks in Yemen. They are useless, there's
no active petroleum system in the three blocks. If you have ARC
shares and the company starts to drill wells in those areas, I
recommend you think carefully.

 

[Agentm]

Activity in Yemen during the year was focussed on a major
technical review of Block 35. This review has identified a
number of prospects, two of which are considered mature for
drilling. The joint venture has approved the drilling of these
wells and site construction has commenced for the first well,
Reeb 1. Reeb 1 has a target spud date of November 2006.
The second prospect, Al Magrabah 1, is likely to be drilled
early in 2007, and is designed as an updip test of the offstructure
Wadi Al Sana 1 well.


The second round of bidding for blocks in Yemen were so eagerly contested that most didnt participate,, i believe at least 15 per block.. the first round blocks were back then less sought after,, ARQ inherited its blocks from a takeover..

i wouldnt immediately discount their potential.. although yemen is not the easiest palce to do business,, its far from the worst.. ARQ wouldnt have gone there willingly,, but since they have inherited the blocks they are not so keen to offload..

 

[3 veiws of a secret]

"ARQ inherited its blocks from a takeover..
i wouldnt immediately discount their potential.. ARQ wouldnt have gone there willingly,, but since they have inherited the blocks they are not so keen to offload"

They might not be so keen to off load because nobody wants the blocks .I'm sorry to say but my expert source ,instructs me geologically its dry as a bone.
Now if you consider Tullow Oil from Ireland....now we're talking!

 

[RichKid]

"ARQ inherited its blocks from a takeover..
i wouldnt immediately discount their potential.. ARQ wouldnt have gone there willingly,, but since they have inherited the blocks they are not so keen to offload"

They might not be so keen to off load because nobody wants the blocks .I'm sorry to say but my expert source ,instructs me geologically its dry as a bone.
Now if you consider Tullow Oil from Ireland....now we're talking!

3views- I get the impression from your recent change in sentiment that you no longer hold ARQ, please try not to refer to 'expert sources' or the like without further substantiation and saying you've had a look at the well's in Yemen- what does that mean? Did you visit Yemen?

Downramping is just as abhorrent as ramping at ASF so please re-read the posting guidelines and code of conduct and try to back up your claims with more detail. You are halfway there so just put that extra effort in.

 

[3 veiws of a secret]

3views- I get the impression from your recent change in sentiment that you no longer hold ARQ, please try not to refer to 'expert sources' or the like without further substantiation and saying you've had a look at the well's in Yemen- what does that mean? Did you visit Yemen?

Downramping is just as abhorrent as ramping at ASF so please re-read the posting guidelines and code of conduct and try to back up your claims with more detail. You are halfway there so just put that extra effort in.

Apologises Richkid -no intentions of downramping whatsoever -NOPE did not visit Yemen.And correct I do not hold ARQ as I never got my order in when the price was @ $1.25 recently.
My source is a PHD geologist who is currently a director of a stock listed company with offices across the globe . The persons credentials are impeccable,not only on a professional level but a close trusted friend of 36 years. So my substantiation is based on his geological knowledge of this area( ie the Middle East).
I would also like to point out I have not made no references to the Canning basin.
You can make your own judgements as the press releases will eventuate in regards to Canning drilling projects .
Whether this is deemed as ramping then again I apologise -but I will not apologise for being honest to the facts that has been relayed to me.
Furthermore I will not discuss any other details on ARQ .This will be my final say in this matter.

 

[RichKid]

Apologises Richkid -no intentions of downramping whatsoever -NOPE did not visit Yemen.And correct I do not hold ARQ .....
.....

Thanks 3views for the extra detail, hopefully you can confirm all this once it's announced by the company. We will be clarifying the posting guidelines soon to make things easier for everyone to interpret, feel free to post in a balanced way in this thread if you like, good luck with your trading.
Rich