BLU - Blue Energy

[nioka]

I'm only down 30% could have brought cheaper then you mate
However re the average down will have to sell other shares which I don't really want to do. But this could depend on the cap raising price....

Do you have any more info on Phil Matthews

Matthews Capital were big holders in AOE.(I did very well with AOE). They also hold DTE which is another CSG company. So overall they have experience with CSG companies. They are well respected in the stock market for making good decisions by buying in at a bottom. I'm positively influenced by their involvement. Elders is a case that comes to mind. I dont know if they still hold but it did go up solidly when they bought in.

Remember that BUL also still have Stanwell and Kogas as large shareholders. BUL will have the backing if they prove up quantities of gas. indications are there that they will.

 

[vincent191]

Matthews Capital were big holders in AOE.(I did very well with AOE). They also hold DTE which is another CSG company. So overall they have experience with CSG companies. They are well respected in the stock market for making good decisions by buying in at a bottom. I'm positively influenced by their involvement. Elders is a case that comes to mind. I dont know if they still hold but it did go up solidly when they bought in.

Remember that BUL also still have Stanwell and Kogas as large shareholders. BUL will have the backing if they prove up quantities of gas. indications are there that they will.

They have been trading in a very narrow range around 9 cents. I guess everybody including "insiders" are waiting on the results from the pilot wells. If there is a significant gas coming out......this rocket will lift off.

We should know the results soon, they should have finished pumping out the water from the flood by now. The longer it stays around the 9 cents mark, the more worried I am because usually somebody knows before the market gets informed.

 

[tezzdoggy]

hey im abit of a novice at shares but i bought this stock bul the other day aswell as ctp just wondering if anybody has any advice on this stock?

 

[TabJockey]

hey im abit of a novice at shares but i bought this stock bul the other day aswell as ctp just wondering if anybody has any advice on this stock?

My advice: seek advice before you buy the stock.

This is not to be taken as financial advice...for that you will need to see a financial advisor.

 

[vincent191]

hey im abit of a novice at shares but i bought this stock bul the other day aswell as ctp just wondering if anybody has any advice on this stock?

See their latest announcement & investors presentation (24 Aug). Very exciting junior explorer. As with any explorer if they can proof a large reserve the sp will go up many times (see BOW) but of they don't find anything of value your investment go down the drain.

 

[mgf897]

Newbie here. Am I interpreting todays announcement correctly? There's a 6.25c SPP coming up?

 

[pixel]

After months of indecision, BUL has again popped up in an Analyser Scan of mine:



I trust that someone may be able to shed light on the long silence and potential Market expectation?

Disc: I'm buying at these levels. Purely T/A spec, so DYOR and FYOP

 

[skc]

After months of indecision, BUL has again popped up in an Analyser Scan of mine:

View attachment 59545

I trust that someone may be able to shed light on the long silence and potential Market expectation?

Disc: I'm buying at these levels. Purely T/A spec, so DYOR and FYOP

You jinxed it!

 

[pixel]

You jinxed it!

View attachment 59547

Sure did

... it happens ...

 

[pixel]

no longer a penny dreadful.
and today comes another breakout.

I hold.

 

[greggles]

This stock has been flying under my radar but it has been on a steady upward trend that has only accelerated in recent months. I wish I had bought into this 12 months ago but I didn't notice it until recently. What a great little performer.

Well spotted Pixel!

 

[greggles]

An increase in volume in Blue Energy recently, especially the last couple of days. The company released a March 2019 Investor Presentation on Tuesday which would account for the increase in volume yesterday and today. Interesting reading.

The company also got a mention towards the end of this article: Australia to become world’s largest gas exporter, so why is it planning to import more?

Watching this one with interest.

 

[System]

On April 15th, 2019, Blue Energy Limited changed its ASX code from BUL to BLU.

 

[Smurf1976]

The company also got a mention towards the end of this article

I've posted various details in the Leigh Creek Energy thread and also the Future Of Energy Generation & Storage thread but in short there's an abundant market for whatever gas this company can produce. They won't have trouble selling it that's for sure.

 

[Ann]

Thanks Smurf, I am on the lookout for gas stocks after reading many of your power generation posts.

This first two year old chart appears to be showing the price for BLU still to be under the prevailing overhead falling resistance line coming from November '17. There appears to be a double bottom at .040c
There was a massive spike of volume June 21st '18 on the way down at between .093c to.098c from back in June '18 which is likely to offer some serious selling pressure at that level.
The two horizontal lines show the area of potential resistance when the price rises above its current levels. A good story will no doubt overcome this area as it is quite a confined level.

On the second chart of six months with a closer view, you can see the volumes have picked up with a recent falling away since the beginning of April, this may be in expectation for higher levels, perhaps an attempt to jump above the falling overhead resistance line. Not that it really needs to as it will soon be clear of the overhead if it just travels sideways for a bit.

 

[greggles]

BLU took off a few weeks ago and is still looking bullish. In a response to a speeding ticket from the ASX the company stated that the share price increase could be connected to the "current tightness of gas supply to the East Coast market" and that on 25 January it announced that it had "independently certified contingent gas resources of +4,476 PJ, 2P reserves of +71 PJ and 3P Reserves of +298 PJ"

Management has said that it will commence a reserve build drilling program in June this year in the North Bowen Basin to move contingent resources to reserves. It also has plans to commence pilot well drilling in its Production Licence Application areas in the North Bowen Basin permits in June this year with a view to build the 2P reserve base and demonstrate deliverability for the gas supply agreements it has executed plus to confirm the economics of a Moranbah to Wallumbilla interconnect pipeline.

BLU currently at 12 month highs and is looking like it may have a little more petrol in the tank in the short term.

 

[Faramir]

I am picking Blue Energy for July 2024 Tipping Comp. Looks like things are turning around. Please don’t fall below 1 cent.