AWE - AWE Limited

[Ferret]

Thanks for sharing that, Reece.

I like to invest long term, so the resistance line at 3.60 doesn't worry me.

But its another story if their assets can't deliver the goods. I'll keep an eye on this one.

Ferret

 

[brettc4]

In just over a month AWE has dropped from an intraday High of $3.78 on 29/06 to an intraday low of $3.12 on 2/08.

The dow dropped another 280 points overnight which is likely to cause a drop here on Monday.

Does anyone have this currently on their radar??

To me it looks like there is a little bit of support around $3.07, that being said, this most recent action since 22/05 started with a gap up day, so is this a part of the share price covering that gap?

On the whole, it looks like the funds have been buying more than seeling, for instance AMP now has a 7.41% share, ABN Amor has 6.41%, on the flip side a few have sold.

Comments?

 

[Gundini]

You would have to say the falling oil prices haven't helped this one, along with the recent negitive market sentiment. The chart looks horrible with the next landing around the $2.60 mark. Should be very strong support here, if it reaches that price.

Surely way oversold on future earnings, and I will be backing up the truck if it gets anywhere near $2.60... Always on the watchlist, waiting for a firesale.

 

[Dutchy3]

Long today after a period of consolidation and a reasonable move up. Market otherwise rather lackluster today. A return to 3.60 - 3.70 perhaps ....

 

[Dutchy3]

Closed this out for a small loss today ... took out my entry point on the close by a few cents ... not the sort of position I need to be involved with ...

 

[roland]

AWE has been moved to the Aegis BUY list:

AWE has made the transition from an explorer to an oil and gas producer. The Casino gas field (25% AWE), the Cliff Head oil project (27.5%) and the BassGas project (30%) are in production and will provide steady long-term cash flows. The Tui Area Oil Project (42.5%), offshore New Zealand, also came on-stream in mid-2007. The company's focus will now return to exploration as it seeks additional reserves to extend its production profile.

AWE's two-year growth outlook is very strong. Earnings will continue to build through CY07 as projects ramp up and there will be a major step change now that the Tui Area Project is operational. The PE ratio is expected to improve significantly over the next two years as multiple revenue streams are established.


Anyone with knowledge of AWE like to comment?

 

[Ferret]

Announced 30% increase in Tui reserves today. And has been trading at low levels despite record oil prices.

Might be time to back up the truck!

 

[pajm]

Not much happening on this thread for a while. Article in Fin. review today with details on further upgrade on Tui reserve. Great to see how it continues to exceed expectations. Very pleasing and SP reflected accordingly. SP certainly recovering well for these turblent times. Rock on!

 

[Real1ty]

Things are certainly very quiet in here.

Excuse my ignorance regarding T/A but does the following chart qualify as i head and shoulders formation or does the latest leg up cancel it?

Thanks in advance

 

[reece55]

Once again AWE is testing the upper boundaries of it's resistance zone today...

But it seems no matter how high the POO goes, AWE remains stuck in a trading range it has been in for a year. It can't see it breaking through, looks like the buyers have once again lost the strength to push this one any higher.... Anyone for a test of 3.00???

Cheers

 

[oldblue]

Hi reece
I'm hoping you mean $4 !
A reasonable person might see this as possible, given the POO and AWE's fundamentals. Personally, I don't see it happening for a while, certainly not before the ARQ/AWE business gets completed. ( Failing some sensational news on the exploration front.)

 

[oldblue]

Well, AWE has well and truly vaulted the $4 barrier, at least for the present!
Up another 15c today to $4-37, presumably on the strength of announcement re extension of the Tui FPSO contract and the positive implications for Tui production.

 

[reece55]

What a spike today for AWE..... got all the way up to 4.71, wouldn't want to have bought up the top right now..... Sellers stole the party?????

This one has had a huge increase since the $3 level in March..... Oil continues to march on!!!

Cheers

 

[vishalt]

I've bought into this stock.. it's looking awesome.

Over 14 years of reserves, extremely strong cash flows, management will *have* to declare a dividend now.

The merger with ARQ is also fantastic, ARQ has plenty of good producing assets.

Good long-term buy and takeover target this company imo, I talked upstairs to the analyst who covered it.

 

[The_Snowman]

I've bought into this stock.. it's looking awesome.

Over 14 years of reserves, extremely strong cash flows, management will *have* to declare a dividend now.

The merger with ARQ is also fantastic, ARQ has plenty of good producing assets.

Good long-term buy and takeover target this company imo, I talked upstairs to the analyst who covered it.

Any update on your thoughts since then?

Are we allowed to say things like perhaps a CFD short is in order..........?

 

[The_Snowman]

Just checked the Blog of Vishalt -------> no updates since August 24, 2007, I think he is AWOL

 

[Seneca60BC]

LOL i wonder whether he is still in AWE? Took a nice beating today LOL

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[michael_selway]

LOL i wonder whether he is still in AWE? Took a nice beating today LOL

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Hm its not too bad, pity it has no dividends

Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS 64.2 60.4 49.0 41.3
DPS 0.0 0.0 0.0 0.0

 

[Seneca60BC]

Here is some positive comments - AWE gets a mention:

1606 [Dow Jones] Australian fund manager Lincoln is positive about its investments despite equity markets turmoil, says is reassured by RBA Governor Stevens' comments that risks surrounding more bank writedowns in Australia are "light years" from those in other countries. Lincoln CEO Elio D'Amato says economy "is not going to stop" and market will regain sanity. He's upbeat about stocks such as CSL (CSL.AU), JB Hi-Fi (JBH.AU), BHP Billiton (BHP.AU), Leighton Holdings (LEI.AU), Mount Gibson Iron (MGX.AU), Australian Worldwide Exploration (AWE.AU), Westpac (WBC.AU) and QBE Insurance (QBE.AU). "We feel there's significant value in the market," he says. "We got great comfort from the address from Governor Stevens...and we therefore feel that once the market regains some sanity it will be the quality businesses that rebound first." (LKM)

 

[tommymac]

While the oil price has dropped, this company has got to be a good prospect.

Very little debt and good earnings. Strong cash position which from recollection is actually more than its total debt.

The share price has been hammered recently due to the oil price and stockmarket, but I think it has fallen too far as shown by a nice rally over the last few days.

I bought recently and have a small loss, but think its a great opportunity.

What do others think?