AUT - Aurora Oil and Gas

BrightGreenGlow · 10 March 2011

onthesword said:
...........ok but you will have to do your own research on this; i believe aut has been caught up in an african country where the govt wants to nationalise the miners. many workers have been left short with unpaid wages etc and the aut site is in limbo for the time being. as mentioned dyor on this as i'm not completely sure of the details.

Since when has AUT been involved anywhere but the EFS?

trader8888 · 10 March 2011

onthesword said:
...........ok but you will have to do your own research on this; i believe aut has been caught up in an african country where the govt wants to nationalise the miners. many workers have been left short with unpaid wages etc and the aut site is in limbo for the time being. as mentioned dyor on this as i'm not completely sure of the details.

Seems odd as AUT have no dealings in any african country's.

zzaaxxss3401 · 10 March 2011

onthesword said:
...........ok but you will have to do your own research on this; i believe aut has been caught up in an african country where the govt wants to nationalise the miners. many workers have been left short with unpaid wages etc and the aut site is in limbo for the time being. as mentioned dyor on this as i'm not completely sure of the details.

It is NOT Aurora Oil and Gas (as per ASX listed). You are confused with Aurora Empowerment Systems.

This has been going on since early last year. http://www.azomining.com/Details.asp?newsID=1413
"...In what will be a historical case South African union mining workers have decided to sue the mine owning relative of President Jacob Zuma. A nephew of the South African president owns that Aurora Empowerment Systems firm. The firm is a black affirmative action investment company which has limited mining exposure..."

buffalo66 · 10 March 2011

nioka said:
AUT, along with the stockmarket in general, is caught up in the overall grand plan that is designed to transfer wealth from the general savings of the average "joe" to a few who insist that they alone have the right to wealth. Part of that plan is to encourage you to borrow from them for investment purposes then use your stop loss, which you are told is necessary to protect your savings, to buy from you at a discounted price and sell back to you again when they decide to pump the stock market again.

How to avoid the trap;

1. Dont borrow to invest.
2. Dont set a stop loss.
3. Don't think you can outsmart the system without resolve.
4. If the fundamentals are sound. Hold.
5. Lemming rushes are there from time to time and usually are buying opportunities but only when used in conjunction with 1 to 4.

Nioka - that has to be some of the clearest comment I have read today. & what a day..lost a lot of paper profit. Am holding my positions but christ, resources have been savaged on the asx - is this solely the middle east? Anyone a clear idea as to what's going on??

poverty · 10 March 2011

Margin Call! Awesome! :/

condog · 10 March 2011

You can never tell what fools will do and they are fools selling right now on the back of an upgrade and do the maths. $8+ by end of 2011 on my values

These are buying opportunities, hopeffully it will go lower.

The market is like a moody monster, when its angry it presents buying opportunities , when its all happy and smiles, could be selling or hold. Just work with the mood.

Right now I look for buying opps.

traderclaude · 10 March 2011

AUT did cope a hammering today but they were not alone, look at FMG.

1.5% overall down for the market. Miners and Airlines were hit the worst, unrest in the world and oil prices will effect airlines.

But also a few suprises like GNS that may be one of those buy opportunities.

One of those bad days, can only get better, just money moving around the sectors, it comes and goes.

BrightGreenGlow · 10 March 2011

traderclaude said:
AUT did cope a hammering today but they were not alone, look at FMG.

1.5% overall down for the market. Miners and Airlines were hit the worst, unrest in the world and oil prices will effect airlines.

But also a few suprises like GNS that may be one of those buy opportunities.

One of those bad days, can only get better, just money moving around the sectors, it comes and goes.

I understand higher oil prices will effect everyone right down to lil timmy getting a good present this year... due to gasoline prices timmy's mum is paying for however... this begs the question wouldn't the likes of AUT etc.. by profiting from this? Paying off the bills quickly etc... sure demand may slow but this is made up from the extra barrel price? right??? :S

I see when gold rises the gold stocks rise too... why isnt this the case for the OaG companies?

MACCA350 · 10 March 2011

Accumulated some more today thanks to the tank see you all at $8

Cheers

condog · 10 March 2011

BrightGreenGlow said:
I understand higher oil prices will effect everyone right down to lil timmy getting a good present this year... due to gasoline prices timmy's mum is paying for however... this begs the question wouldn't the likes of AUT etc.. by profiting from this? Paying off the bills quickly etc... sure demand may slow but this is made up from the extra barrel price? right??? :S

I see when gold rises the gold stocks rise too... why isnt this the case for the OaG companies?

Egg Zactly commonsense takes a jump out the window. To a certain extent yes high oil will mean good news for AUT and others whose energy sale prices are linked or related to the NYMEX price.

If however oil goes too high ( which it shouldnt, as its a bit of a self correcting proffecy- albeit with exagerations and volatility) it can cause an economic slowdown as transport costs kick in to profit margins.

Right now imo this is great for AUT as they are highly profitable prices, but not so high as to cause an overall slowdown. Airlines and transport companies that have not hedged will be hurt or have to pass it on to consumers.

So yes generally higher oil is good for AUT etc, but if it goes too high it can cause wider concerns of a slowdown, which would eventually lead to low oil prices.

bbker · 10 March 2011

Oh well so much for 99c AUT shares that I forgot to pick up last year! hah not really. Even reality has to catch up with those shaken at some point. But I'm allowed to dream.:

It's a bit reminiscent of the Iraq war though there was a lot more at stake and there was international intervention... at least at this stage there doesn't seem to be or be as weighty globally. But the Saudis and OPEC tell us they're in control, not that you can trust the cartel either.

Maybe someone from that time can remember what happened to oil prices and the market.

shinobi346 · 10 March 2011

Entered this love today at 2.75. I love the financials and its prospects. I finally have some exposure in a pureplay oil corp too.

EDIT: I forgot that I had SEA too. Second pureplay oil I guess

Sdajii · 10 March 2011

nioka said:
AUT, along with the stockmarket in general, is caught up in the overall grand plan that is designed to transfer wealth from the general savings of the average "joe" to a few who insist that they alone have the right to wealth. Part of that plan is to encourage you to borrow from them for investment purposes then use your stop loss, which you are told is necessary to protect your savings, to buy from you at a discounted price and sell back to you again when they decide to pump the stock market again.

How to avoid the trap;

1. Dont borrow to invest.
2. Dont set a stop loss.
3. Don't think you can outsmart the system without resolve.
4. If the fundamentals are sound. Hold.
5. Lemming rushes are there from time to time and usually are buying opportunities but only when used in conjunction with 1 to 4.

Brilliant post, nioka.

The market is spooked, the stop losses snowballed (finished today? continuing tomorrow?), but the fundamentals are still great, and even though the technicals can dominate the short-term movements, sooner or later the fundamentals dominate the bigger picture, even if it takes a few months. I utterly hate getting into debt, but if the bots/stop losses/big fish manage to get the market down much lower I'll actually borrow to invest. At around $2.7x this one could well be a 2-3 bagger, maybe even four or more by the end of the year.

Easy to imagine being back up to $2.9x tomorrow, but hey, if the bears are right it'll be a great time to buy Well, the $4.50 price target makes anything under about $3.50 sound awesome, and they've been worth listening to so far.

Disclaimer: I'm just an essentially anonymous guy on an internet forum; none of this is advice, just my own ramblings etc etc.

prgudula · 10 March 2011

any idea why do we have transaction with higher price after market close
Last trades

Last trades

* Time/Date * Price * Volume

* 5:44:46PM * 2.910 * 8900
* 5:31:22PM * 2.910 * 8900
* 5:30:24PM * 2.910 * 8900
* 5:17:51PM * 2.910 * 10609
* 5:07:29PM * 2.910 * 4450
* 5:05:16PM * 2.910 * 4450
* 5:01:51PM * 2.910 * 8900
* 5:00:02PM * 2.910 * 8900
* 4:56:36PM * 2.910 * 17801
* 4:54:36PM * 2.910 * 55182

Tekwrek · 10 March 2011

nioka said:
AUT, along with the stockmarket in general, is caught up in the overall grand plan that is designed to transfer wealth from the general savings of the average "joe" to a few who insist that they alone have the right to wealth. Part of that plan is to encourage you to borrow from them for investment purposes then use your stop loss, which you are told is necessary to protect your savings, to buy from you at a discounted price and sell back to you again when they decide to pump the stock market again.

How to avoid the trap;

1. Dont borrow to invest.
2. Dont set a stop loss.
3. Don't think you can outsmart the system without resolve.
4. If the fundamentals are sound. Hold.
5. Lemming rushes are there from time to time and usually are buying opportunities but only when used in conjunction with 1 to 4.

Nioka you are 200% correct, the big boys in town, always control market movements.
If 6 big fund managers sat down toinight over a $5,000 dinner at some top notch eatery, and all agreed to start dumping stock, what would happen, then after the smoke clears and the same dinner took place at a later stage and the all agree to purchase, we will have a run, and those over weight fund managers got in scream buy, buy, buy.
This is how reality works.
That is why forums like this are priceless.

bbker · 10 March 2011

I'm curious to know what kind of people would have stop loss triggers on such a stock. I suppose day traders? I remember from the EKA thread how someone mentioned getting triggered out of an EKA position on a small dip at low volume a few weeks ago.

Also interested in prgudula's post about the after market trades.

shinobi346 · 10 March 2011

nioka said:
AUT, along with the stockmarket in general, is caught up in the overall grand plan that is designed to transfer wealth from the general savings of the average "joe" to a few who insist that they alone have the right to wealth. Part of that plan is to encourage you to borrow from them for investment purposes then use your stop loss, which you are told is necessary to protect your savings, to buy from you at a discounted price and sell back to you again when they decide to pump the stock market again.

How to avoid the trap;

1. Dont borrow to invest.
2. Dont set a stop loss.
3. Don't think you can outsmart the system without resolve.
4. If the fundamentals are sound. Hold.
5. Lemming rushes are there from time to time and usually are buying opportunities but only when used in conjunction with 1 to 4.

yep while stop losses can minimize your losses they will definitely make you realize them. I don't use them either. I sell when I want to sell, determined on the fundamentals of hte company and if I want to divert the money elsewhere. I don't sell just because it has hit a magic number.

martyfar · 11 March 2011

nioka said:
AUT, along with the stockmarket in general, is caught up in the overall grand plan that is designed to transfer wealth from the general savings of the average "joe" to a few who insist that they alone have the right to wealth. Part of that plan is to encourage you to borrow from them for investment purposes then use your stop loss, which you are told is necessary to protect your savings, to buy from you at a discounted price and sell back to you again when they decide to pump the stock market again.

How to avoid the trap;

1. Dont borrow to invest.
2. Dont set a stop loss.
3. Don't think you can outsmart the system without resolve.
4. If the fundamentals are sound. Hold.
5. Lemming rushes are there from time to time and usually are buying opportunities but only when used in conjunction with 1 to 4.

Hiya Nioka...sounds like good advice to me, but what does the 1-4 relate to ??

ob1kinobi · 11 March 2011

Hi BBker

Stop losses are part of risk management.

You limit risk with stop losses to avoid taking larger losses that you can't recover from easily.

A 8% loss is easier to realise than a 20% loss for example.

Active fund managers would use them I presume, so its not just day traders.

Everyone here seems to have a very short memory. Wasn't anyone here holding throughout the GFC of 07-08?

Some good, honest, hardworking peoples portfolios took some massive hits by sticking to the buy and hold philosophy. Serious coin that will take years to recover.

Furthermore some companies never recover to the highs of yesteryear so you can be left 'not realising' your loss for years and never breakeven.

So it cuts both ways.

Discl: I'm still holding. So well see what good it does me.

majorca · 11 March 2011

So ther US looks like it is down about 1.5% the question now is do we wait and see if we are near the bottom of this or ? Do we flip a coin now that we have established that the market is open to manipulation by the big boys is anything else actually relevant or does it come down to who has the best perception of the game that is played? I topped up on Aut at 2.92 close to the bottom two days ago, if I can get in somewhere around 2.70 this morning I would be close again but it would be a cycle of averaging down that can be a bit self destructive. With Adi in 07 - 08 I got caught, held and waited I eventually thought bugger it and bought 300k at 4.8 cts and another parcel on the way at 6cts in the end it averaged my portfolio down so from a very big loss I actually made a handsome profit. I am not even close to being as knowledgable as the people on these threads and consider it luck more than anything that turned things around. But then again I would probably flip you for most things that I have. That doesn't mean I don't care , more so that I believe you can't be objective if you are attached? I think it was heads both times when I flipped the coin then? Everyone is right and wrong but picking the balance when it matters? That is a different thing again.

AUT - Aurora Oil and Gas

Sdaji

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