ARQ - Arc Energy

[JBMMMMMMMMMM]

- sugarloaf ( 32%ADI held by ARQ)- news soon
anaylts value 70c-80c to ARQ if SL is 800BCF
Dongara 36&37 both now look likly to add to ARQ's bottom line.
then onto more drilling Yemen ,Canning basin,perth basin
1.30 it's a no-brainer at these low levels
$2 isn't as faraway as you may think not with the big SUGAR on the horizon

Jbmurc-long ARQ

 

[nioka]

- sugarloaf ( 32%ADI held by ARQ)- news soon
anaylts value 70c-80c to ARQ if SL is 800BCF
Dongara 36&37 both now look likly to add to ARQ's bottom line.
then onto more drilling Yemen ,Canning basin,perth basin
1.30 it's a no-brainer at these low levels
$2 isn't as faraway as you may think not with the big SUGAR on the horizon

Jbmurc-long ARQ

If the only reason to hold ARQ is sugarloaf then sell ARQ and buy ADI or AUT. I sold most of my ARQ ( at a much better price than they are now) and put the funds into ADI ( at av price 37c at the time). The rest of my ARQ will be sold this week. The market doesn't seem to like the Canning basin !!!

 

[JBMMMMMMMMMM]

Na hold a long CFD in ARQ some 60,000 1.31av not only for SL but Yemen,Perth basin,Canning,NT,SL takeover exp.
hold-EKA EKAO for higher exposure to SL
also held ADI paid 36c sold recently for 91c investing profit into eka
Buying up PPP as well

 

[speves]

I am new to the TA scene but is the MACD showing a bullish signal for ARQ in this chart.

 

[cicak_kupang]

God volumes for the first 45min of trade this am. 330164 shares on the board already. Lets hope there is a turn around starting to happen for ARQ, and that its back in favour with investors.

Dongara 37 should just about be finished, just waiting for the announcement there........

 

[speves]

i am a great believer in ARQs immenent recovery, it has been oversold with the oil price drop and at it's current price it's well undervalued. Consistently reporting succesful drilling results and pretty good quarterly report just released.

The chart tells the recovery story IMO....MACD and RSI

 

[britishcarfreak]

I agree with you. It looks set to go. I've got some skin in the game now too as I entered today. I held these guys a while ago when they were averaging $2. Perhaps we will see some strength come back. It looks like we'll have trouble crossing the $1.50 mark as there was a downturn there last time.

 

[speves]

Anyone else noticed the direct (inverse) corrolation between ARQ and ADI. These stocks are linked thru ARQ's 33% holding of ADI but I can't help noticing another link that when one goes up the other goes down and vice versa.. Note the drop in ARQ in mid Nov, a similar rise in ADI at exactley the same time. In mid Jan ADI started to loose ground whilst ARQ started it's gain.....uncanny!!

...just an interesting observation...for what it's worth.....guess I must have too much time on my hands.

 

[britishcarfreak]

This has started to form a ceiling at around $1.39/$1.40. Today it's dropped back. Either we're seeing a pull back from the ceiling and we'll go sideways for a week or so - OR - it's a temporary glitch and we'll be back off to 1.40 and hopefully through.

Anyone else think this is a good time to buy?

 

[LifeisShort]

This has started to form a ceiling at around $1.39/$1.40. Today it's dropped back. Either we're seeing a pull back from the ceiling and we'll go sideways for a week or so - OR - it's a temporary glitch and we'll be back off to 1.40 and hopefully through.

Anyone else think this is a good time to buy?

When they start drilling the canning basin and have some drilling success otherwise a barren spell

 

[cicak_kupang]

Todays pull back maybe due to ADI's Sugarlaof announcement, which really is not as bad as it first appears, see ADI thread for details. Investors may also be holding off abit as the First half report is due tue 27th, just a bit of anxiousness there maybe. However, Reeb 1 must be due to spud soon in Yemen, that looks good im my eyes, and people may also be trying to size up what the heavy canning basin exploration programme really means. With as much exploration going on as there is, there's gotta be some good.......? With good first half figures, a good result from Reeb and Al Magrabah, would surely boost confidence in this stock just in time to start the canning....
Go get 'em i say........

 

[Dutchy3]

This has run out of room ...

Expect a drop through 1.25, which would have the potential to be quite savage or not even trade at 1.25 again before a jolly good run up .... waiting

 

[wintermute]

I guess it depends on what one reads into the chart...

A look at this chart to me would say it could go either way

Considering how much explporation ARQ has coming up and that it is widely claimed to be undervalued at the current sp, I'm not thinking a crash down through $1.25 is likely... I was thinking we would see $1.20 touched briefly before a trend reversal, but then again maybe not...

I hold and I'm down... so take this with a grain of salt

Tony.

 

[cicak_kupang]

Just looking at the volume gragh above, there has been a steady consolidation of volume over the last 3 months, and with the symmetrical triangle formation off the sp, it could be investors priming themselfs for the up comming exploration programme, however sym triangle formations are a 50/ 50 possibility ineither direction. Im holding....

 

[Ken]

Anyone read arq's latest announcement?

2008 production set to increase by 125% with a new acquistion.

Bigger market cap I guess.

Was this expected?

Any downside for shareholders share price wise?

Looks positive to the naked eye.

 

[Dukey]

Sounds nice to me. and quite unexpected really, though we knew they had no debt.
>> Good increase in reserves (2p=300%+!) and production. Plus some more exploration possibilities to add to Yemen, and Nth WA. etc.
Have been holding for a long time always thinking something good has to happen with ARQ eventually - thought it would come via ADI - but maybe this will give the SP the kick along so badly needed for so long. Certainly hope so .....

 

[Ken]

Its hard to know how significant the announcement is. Shares have risen heavily on worse news.

Looks very positive, hope share price is rewarded.

 

[cicak_kupang]

I think this is awesome, i cant see how this can be bad news at all. Quote from the arq web site announcement "The Acquisition will transform ARC into one of Australia’s leading listed oil and gas companies ". Now thats impressive!
It sounds not too shabby to me. Cant wait to see if how the investor briefing goes tomorrow at 11 am. Will we see a trading halt in the morning?

 

[Ken]

I hold 2000 shares in this, was part of my long term group.

I might add to it tomorrow if its around the 1.30 mark still.

 

[Dukey]

Up 7% so far today with good volume - seems we weren`t the only ones who liked the news!! Finally - maybe - I can stop worrying about ARQ for a while!!