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I think in the 2008FY period we should see the stock price move towards the $4.00 level even with oil at $50 US.
AWE - AWE Limited
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RichKid
PlanYourTrade > TradeYourPlan
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Seneca, please read the guidelines on posting on price targets- it's a sticky thread in the ASX stock chat forum: https://www.aussiestockforums.com/forums/showthread.php?t=4118. You need to provide a more detailed explanation for your projection or it will be in breach of ASF standards.Seneca60BC said:
Thanks!
3 veiws of a secret
3 veiws of a secret
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Seneca60BC said:
@ US$50 p/b that's speculation with a hint of guestamation....... :alcohol:
Sorry the emotion is my daughters choosing...... I prefer :bs:
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Annoucement out that Suncorp Metway Investment Management has recently bought a large amount of shares in AWE.
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3 veiws of a secret said:
Yes it is purely speculation with guestamation.
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RichKid said:
Ok sorry about that - should have read the rules - please remove the offending post.
Thanks
Seneca60BC
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Well, it looks like its been a while since anyone has looked at this stock, so I thought I would start the ball rolling.....
Well, AWE has drifted with the POO since Jan, however of late its showing some promise. I note that both ABN Amro and Suncorp have taken an additional 1% of the stock of late and it has found some heavy buying interest in the 2.5 - 2.7 level - with oil showing some promise after breaking the $60 barrier, is this one worth a bit of a dabble? Certainly one of the cheapest oil stock's around and a very strong proven exploration history........ I like this one at present - any opinions here???
Cheers
Well, AWE has drifted with the POO since Jan, however of late its showing some promise. I note that both ABN Amro and Suncorp have taken an additional 1% of the stock of late and it has found some heavy buying interest in the 2.5 - 2.7 level - with oil showing some promise after breaking the $60 barrier, is this one worth a bit of a dabble? Certainly one of the cheapest oil stock's around and a very strong proven exploration history........ I like this one at present - any opinions here???
Cheers
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I have some AWE and also PPP based on their JV in NZ. Not sure what to make of them as they have been slow movers to date. 
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Hello Reece
Take my comments as a pinch of salt cause I am holding AWE hehe.
I believe AWE at this price level is "Value" - however you must have a holding period for to at least July 2008. I believe that Tui Oil field will come on line in July 2007 so we should see a substantial increase of revenue for the 07 Financial Yr.
Regards.
Take my comments as a pinch of salt cause I am holding AWE hehe.
I believe AWE at this price level is "Value" - however you must have a holding period for to at least July 2008. I believe that Tui Oil field will come on line in July 2007 so we should see a substantial increase of revenue for the 07 Financial Yr.
Regards.
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I topped up at 2.70 a week ago.
I think the sell off was overdone. Their weaker than expected production report in Jan was due to one off factors. And now oil has moved back to $60 so I'm thinking AWE will start to creep up again.
Seems no real success so far from their current exploration drilling, but I figure they are value at the current price and the potential upside from a success with the exploration is a freebie.
Ferret
I think the sell off was overdone. Their weaker than expected production report in Jan was due to one off factors. And now oil has moved back to $60 so I'm thinking AWE will start to creep up again.
Seems no real success so far from their current exploration drilling, but I figure they are value at the current price and the potential upside from a success with the exploration is a freebie.
Ferret
Knobby22
Mmmmmm 2nd breakfast
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I have bought in also yesterday, at $2.65.
The price appears reasonable value but really I am hoping for some exploration success in NZ as well as a rise in the oil price. I don't hold out much hope for the Perth drillings as their partner basically said they don't expect much.
The price appears reasonable value but really I am hoping for some exploration success in NZ as well as a rise in the oil price. I don't hold out much hope for the Perth drillings as their partner basically said they don't expect much.
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I think we can expect more weakness today with AWE.
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Bounced hard off resistance line today, tough to buy in until it can break out
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Finally, she breaks out of resistance.....
AWE has moved nicely through that 3.10 - 3.15 barrier that has been holding it back for almost 8 months now...... Will be interesting to see if it can close on the highs, volume looking good though. Oil is looking up, the energy sector appears to moving whilst most of the other sectors are looking overheated. This one is my preferred stock to gain exposure from the sector.
Cheers
Reece
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yes - at last some positive movement!! I think it should continue in that direction.
what do you guys think ?
what do you guys think ?
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yes - at last some positive movement!! I think it should continue in that direction.
what do you guys think ?
Hi Seneca
It could continue, as we have now broken through a key resistance area with gusto.....
But personally I think from here we will most likely retrace back to the previous resistance line which will now form support @ 3.15 or so.....
I have taken my profits @ 3.31 today, but this was a nice quick CFD trade when I saw resistance was broken yesterday..... Longer term holders may wish to hang on here for more.....
Cheers
Reece
CanOz
Home runs feel good, but base hits pay bills!
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This is breaking out from recent highs now, still a ways to go yet to break into all time highs, but getting closer.
really not sure whether to take a posy here or not, last years had weakness set in as Nick pointed out.
Cheers,
really not sure whether to take a posy here or not, last years had weakness set in as Nick pointed out.
Cheers,
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Considering they recently announced they wouldn't meet their target of first production from Tui in June, the price movement is very strong.
I'm happy to hang on to this company and believe it has heaps of upside, but also quite a bit of risk.
Ferret
I'm happy to hang on to this company and believe it has heaps of upside, but also quite a bit of risk.
Ferret
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Time to start cashing in your chips on this one IMO.......
That 3.60 level is heavy resistance, can't see a close above there anytime in the future. Today, we rallied early again, but closed off on 1 cent from the open and we had heavy volume....... I notice SUN has dropped off as a substantial shareholder recently, I would expect they still have more to cash in yet.....
For what it's worth, a very senior oil analyst spoke to me about AWE a few months back. He told me that they would have a stellar run to 30 June, but stated that fundamentally, the science of one of their wells means it will be difficult for them to ever meet their output targets and all of the wells were margin line..... I don't trade on this type of thing myself, but interesting insight nevertheless....
Cheers
Reece
That 3.60 level is heavy resistance, can't see a close above there anytime in the future. Today, we rallied early again, but closed off on 1 cent from the open and we had heavy volume....... I notice SUN has dropped off as a substantial shareholder recently, I would expect they still have more to cash in yet.....
For what it's worth, a very senior oil analyst spoke to me about AWE a few months back. He told me that they would have a stellar run to 30 June, but stated that fundamentally, the science of one of their wells means it will be difficult for them to ever meet their output targets and all of the wells were margin line..... I don't trade on this type of thing myself, but interesting insight nevertheless....
Cheers
Reece
