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AUT - Aurora Oil and Gas

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And right on the close some tree shaking dodgey brother puts 1000 on offer at 90c to try and un nerve everyone so he/she can buy in tommorrow.

Beware of tall poppy syndrome now.
 
tall poppy syndrome? how so

All of us bullish on AUT have got this one spot on, and I don't think there is any way the pessimists can put the mockers on us for that!!
 
Just thought id put it up in lights for all to see. Cause it looks so pretty. Id like to run a tote on when we will hit $2, but then we might get accused of ramping. Id say if oil stays higher then $65 we will be there before end of July 2011.
 
Happy to be holding today! had the day off away from the computer driving around to come home and notice we're at the $1 mark.

was thinking of jumping into eka soon also but **** thats shot up!

perhaps tomorrow! cant wait for this reserves upgrade now!
 
Great day had by all today, many thanks to the various posters who contributed their views regarding the SP ratio that exists (or possibly should exist) between AUT and its little brothere EKA.

I agree that EKA is vulnerable to a TO bid (however not a "done deal" as was in the case with ADI), still smarting somewhat with regard to ADI directors decision to offer the entire credit raising to sophisticated investors and AWE ...akin to sharpening the knife then handing it to the opportunist "enemy" on a platter, call me a sceptic if ya will , but a decision almost completely devoid of common sense and commercial governance..... (in my opinion)

EKA seems to have taken a far more sensible approach in their CR (offered the whole amount to existing shareholders) not only does this reward the loyal investors, but it also has a secondary effect of offerig a level of protection with regard to an opportunistic take over bid.

If a take over of EKA does in fact eventuate I would hope it comes from AUT in some sort of a share swap arrangement. Any thoughts ??? views on the liklihood of this occuring ??

cheers marty
 
kremmen,

the Longhorn acreage is comparable in area to Sugarloaf but Ipanema is much smaller. Turnbull is much, much oilier than Rancho and a significant part of Longhorn might prove to be more valuable than an equivalent acreage in Sugarloaf.

Ipanema is a bit of an unknown at the moment.

Because of the variation in condensate ratio even over a few kilometres in Sugarloaf (compare Easley to Rancho & Morgan) it is difficult to guess relative values. We don't even know precisely the boundaries of Longhorn and so can't relate it to the geological trend maps.

It should be a lot clearer after the reserves evaluation is published.

Condog

I love your $114.8.....seriously, though, your target in cents is starting to look attainable in the near future provided that there are no shocks to the market. But it would be unusual not to have retraces on the way up.
 
Kennas i dont own and clearly warned of impending problems.


AAM had potential, still does, it has a lot of JORC gold and found a lot more since. Problem is they breached my trust by continually failing to meet deadlines, so i bailed early and let others know.
 
estseon said:
Condog

I love your $114.8.....seriously, though, your target in cents is starting to look attainable in the near future provided that there are no shocks to the market. But it would be unusual not to have retraces on the way up.
Click to expand...

I too expect a bumpy ride up with constant traders and profit takers. There was plenty of intraday bumps happening today, but the overwhelming bullishness on this stock, once the post CR selling dried up was unstoppable.

We will have our usual pullbacks , consolidations, bearish days, but thankfully the big stagnation from the CR and SPP on the back of 3 weeks of hammered market sentiment is gone. Normality has returned and we willhopefully see responses to each peice of news again once weve caught up to where it should be. Imo round the $1.10 ish.
 



Might be good again Condog,, John williams is gone! but yes its been a ****ty ride but i needed some diversity of risky stocks in my young portfolio.
 
Marty I think we at AUT will be ok. We should be able to dictate terms a little more . We have Anne Stewart and ANZ as our big holders. Recently JP Morgan got hold of 20Million which is about 7.26% or so if they havent yet offloaded some??

They havent issued a change in substantial holding notice so i assume its still 7.26%



From Euroz report on AUT website page 18
 
condog

the nominee companies are probably holding private investors' dematerialised shares.

I looked at JP Morgan on the web (it was the UK company in the group) and it's an investment management group. There's a good chance that the shares have ended up in one or more of their collective investment funds.

I'm a bit mystified how Fiske came to be listed twice.

It might be an idea to keep an eye on this fund:

http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=SPCOM&univ=U
 
The DJIA is up, oil is up, oil futures are up, gas dropped 13c, we closed on a new record high yesterday. Buyer demand is still incredibly strong and sellers are in short supply.

Certainly looks good for today. Time will tell. See how long the bulls can hold out the profit takers.
 
A significant breakout through the resistance levels. It would support the idea that it will trade upward from here. Watch for the retraces in the channels and don't be scared to lock in profits.
 

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Also be smart

Many here have accidentally had trading parcels become holding parcels due to CGT implications, due to the quality of the stock and theres no shame in that.

Sometimes on stocks like this traders make wages while holders build wealth. Each to there own, but so far i have not seen any retraces large enough to go anywhere near paying the CGT.

And while you need to look at the opportunity cost of having stagnent capital, you only have to look at AUT 52 week range from 11c to 1.00 which is some 980% or so profit for the year, to be reminded of the quality of holding here.

And it still sits below analyst targets, valuations and is waiting on a potential huge reserves upgrade.

This is all opinioon, so DYOR.
 

Tax implications are complicated. To a trader a profit is a profit regardless of the time held. The tax office can declare you a trader if thet say you are a trader. That is why I trade in one account and invest in a totally seperate account. One account gets no capital gains tax advantages the other does.

Worth looking into this aspect for anyone inclined to trade some of the time and also invest long term.

Remember with ADI there was little choice to sell and be forced to take the profit. It will happen again.
 
Our little brother EKA has bought another patch of dirt. 760 acres north east 90 miles NE of thier current acerage. Increases thier overall acerage by 50%. They have a 75%NR interest.
 

Agreed Nokia, my point is play it smart, sometime holding is the way to go, sometimes trading is the way to go. Each and everyone has thier own circumstances, and they may differ as to which is the best. As you state it may even depend on what name or structure you have as to the best strategy. For some it will be to hold, others to trade.

My comment was sort of aimed at Nulla comment to lock in a profit. Whilst thats Nullas strategy and it works for him and anyone on a similar strategy, its not necesarily right for everyone.
 
condog said:
Our little brother EKA has bought another patch of dirt. 760 acres north east 90 miles NE of thier current acerage. Increases thier overall acerage by 50%. They have a 75%NR interest.
Click to expand...

thanks for that info Condog, any more titbits you are able to share ??? eg
cost per acre, name of operator (hilcorp??) , who has the other 25% interest, any info re obligations to drill wells ??

TIA marty
 
source


Re: KKR & Co. L.P. Registration Statement on Form S-1 (File No. 333-166687)

Ladies and Gentlemen:

Reference is made to the Registration Statement on Form S-1 initially filed with the Securities and Exchange Commission (“Commission”) by KKR & Co. L.P. (the “Registrant”) on May 10, 2010 and an amendment thereto subsequently filed by the Registrant on June 16, 2010 (File No. 333-166687) (together with all amendments, the “Registration Statement”). Pursuant to Rule 477 promulgated under the Securities Act of 1933 (“Securities Act”), the Registrant hereby applies for the withdrawal of the Registration Statement together with all exhibits thereto, effective as of the date of this application or as soon as practicable thereafter.

At this time, the Registrant has elected not to proceed with the public offering contemplated by the Registration Statement due to unfavorable market conditions. The Registration Statement has not been declared effective by the Commission and the Registrant confirms that it has not sold any securities pursuant to the Registration Statement.

The Registrant requests that, in accordance with Rule 457(p) promulgated under the Securities Act, all fees paid to the Securities and Exchange Commission in connection with the filing of the Registration Statement be credited for future use.

Upon the granting of the Commission’s consent, please forward copies of the order withdrawing the Registration Statement to the undersigned at KKR & Co. L.P., 9 West 57th Street, Suite 4200, New York, New York 10019 and to the Registrant’s counsel, Joseph H. Kaufman at Simpson Thacher & Bartlett LLP, 425 Lexington Avenue, New York, New York 10017.

If you have questions or require additional information, please do not hesitate to contact Joseph H. Kaufman at (212) 455-2948.
 
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