Australian (ASX) Stock Market Forum

AXP - AXP Energy

Jump to new
Yeah, I better not average down and use all my funds, better try and find something else. I think I better sit back for a while and see what is going to happen over the next couple of days before I decide to cut my losses or to hold. Hopefully it won't go down much further. I wonder if the SP would have plummetted so much if it didn't happen at this time?

A stop lose would have been good in this instance, even though I am not a big fan of them.
 
I think that the current market conditions would almost have to have amplified the effect of todays announcement...

Honestly I have no idea what will happen ;) could keep sliding, or could rebound quite a bit... just depends on the sentiment, and what direction the market as a whole takes I think..

IF the market starts to pick up again and we aren't in for a couple of months of this, then my guess would be that we will see the sp start to rise again on the hopes of the PEL 73 prospect.... I posted over at HC about the possibility of other wells (eg St gabriel II) having a similar problem, and someone said AKK's site has info that says the area has had over 80 successful wells, note that I haven't verified that statement though.

If the market continues falling, then I think AKK will be in for a rough ride, I suspect a lot of people got the wind knocked out of them today, and will likely have lost confidence.

Just about everything I'm holding went down today, but I'm only down 10% overall on where I was before Feb 28th... those that hadn't fallen in the last 3 days decided to give up today... bit of a bummer, as I'm down more than the market is on average, but that is no doubt due to holding a number of resources stocks and speccies...

Tony.
 
wintermute said:
IF the market starts to pick up again and we aren't in for a couple of months of this, then my guess would be that we will see the sp start to rise again on the hopes of the PEL 73 prospect.... I posted over at HC about the possibility of other wells (eg St gabriel II) having a similar problem, and someone said AKK's site has info that says the area has had over 80 successful wells, note that I haven't verified that statement though.

Tony.
Click to expand...

Tony,

What is HC? AKK have apparently got 7 prospects in their portfolio and a few more to come. Maybe they could have timed their announcement a little later. If they had the choice don't you think the smart thing would be to hold off on the announcement. I thought their management team was meant to be a good one?

Most of my stocks went down today but I am looking at this as an opportunity to buy a couple os stock that will bounce back.
 
HC = another share forum Hotcopper (not as friendly as here! :) ) ... I frequent a few forums as it is nice to see what is being discussed in different places.

A trading halt probably would have been a good idea! But such is life......

I just did a graph of the XAO, I reckon it could fall another 5% I was thinking this (general correction) was going to be a short sharp drop and then a bounce, I'm now wondering whether we are in for a repeat of what happened may to aug last year... should hopefully see the XAO bounce of 5400 if it doesn't stop before then.

Tony.
 
Trading halt. Anyone know anything? They should have done this before the bad ann about St Gabriel I. Wonder what's on the cards?
 
Could a trading halt bring only bad news??? Is it possible something good will happen here? Is it maybe best to try and sell everything as soon as trading recommences on Tuesday??

Any ideas please...

Thanks :confused:
 
moneyshot said:
Could a trading halt bring only bad news??? Is it possible something good will happen here? Is it maybe best to try and sell everything as soon as trading recommences on Tuesday??

Any ideas please...

Thanks :confused:
Click to expand...

After only having a brief look at this stock, I would have to say the prospect of a positive announcement would be grim. The troubles they have occured with the drilling in St Gabriel's well do seem troublesome.

I suppose the question here would be, "should they risk the 1-1.3 Mil to continue the drilling, when they can't be sure they can reach the required depth?"

They do seem to have sufficient capital to cover the project, so prehaps unlikely to go for a capitol raising, which is good news!

But, given the SP movement since January this year, it is hard to think the Ann could be positive news. :(

I so much hope I am wrong, I do not hold the stock, just trying to help out with your question, and wishing all holders the best.

My opinion only and please DYOR
 
If the news is negative again, why didn't they ask for a trading halt prior to releasing the ann on the 5th of March, especially when the market was correcting. Wasn't that irresponsible of them as a company?

I don't understand their reasoning for the trading halt.
 
Now back to 20 cents with enough cash to fund further explorations. Sentiment has definitely turned for this one, and management's confidence must have had a few knocks. Now on my watchlist for any sign of a turn after the sell off is complete.
 
yogi-in-oz said:
:)

Hi folks,

AKK ..... a quick tour ... nothing positive, until:

23-26032007 ... positive light on AKK

09042007 ... difficult aspect

12-16042007 ... 2 positive cycles here

23042007 ... negative light on AKK

27-30042007 ... negative news here???

happy days

paul

:)

=====
Click to expand...

:)

Hi folks,

AKK ... as per above, may be time for a quick trade in
this one over the next week or so ... :)

happy days

paul

:)
 
:)

Hi Bomba,

... and who said Friday 13th was unlucky ... ???

..... took AKK in the weekly tipping contest on shares forum and
so far, AKK has gained more than 70%, in the past 2 days ... !~!

Will post final results, after the end of that contest, on Friday 13042007 ... :)

happy trading

paul

:)

=====
 
yogi-in-oz said:
:)

Hi Bomba,

... and who said Friday 13th was unlucky ... ???

..... took AKK in the weekly tipping contest on shares forum and
so far, AKK has gained more than 70%, in the past 2 days ... !~!

Will post final results, after the end of that contest, on Friday 13042007 ... :)

happy trading

paul

:)

=====
Click to expand...

your onto something here yogi. Markets certainly liking the last ann. regarding re-opening gueymard oil well (now that its profitable) ,interesting sell depth on vil !(20%jv)
 
:)

Hi folks,

AKK ... time to be alert for some news and further gains.

Expect positive cycles to focus on AKK, around:

18-21052007 ..... sharp rally here ... ???

24052007 ..... minor positive spotlight on AKK

31052007 ..... minor news???

08062007 ..... significant and positive cycle - finances???

21-25062007 ..... minor aspect here

28-29062007 ..... significant and negative cycle expected.

Holding AKK.

happy days

paul

P.S. ..... STU employs similar time cycles, but probably delayed
by one day, compared to AKK.

:)
 
:)

Hi folks,

AKK ... free carried in the sidetracking an old well in USA,
so not much downside here ... :)

happy days

paul

P.S. ... STU and EBR may be other oilers to fire up, this week ... ???

:)

=====
 
Close to hitting its original entry level price into ASX can anyone see a bright outlook for the rest of 2007 with AKK??? :banghead:

The last 12mths have been more disappointing than bright, but I'm wondering what others see or have heard?

Cheers
 

Similar threads

Y
SHA - Shannon Resources
Replies
13
Views
5K
yogi-in-oz
Y
Top