BRK - Brookside Energy
- Thread starter yogi-in-oz
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Re: RFE - Red Fork Energy
Hartley's have brought out a buy recommendation-
http://www.redforkenergy.com.au/documents/20090206 Hartleys Research Note.pdf
interesting points-
pros-
csg producer
-mc- 16 mil
-assets 17.3 mil
-top 20 s/h- 70%
-options due to be exercised at the end of April = 3 mil cash
cons-
small volume
Hartley's have brought out a buy recommendation-
http://www.redforkenergy.com.au/documents/20090206 Hartleys Research Note.pdf
interesting points-
pros-
csg producer
-mc- 16 mil
-assets 17.3 mil
-top 20 s/h- 70%
-options due to be exercised at the end of April = 3 mil cash
cons-
small volume
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Re: RFE - Red Fork Energy
Link to a broker report (Chess Capital) released after yesterdays announcement of a 300% resource upgrade:
http://www.redforkenergy.com.au/documents/RFE 20090311 Chess Capital Partners.pdf
12 month target of $2.30-$2.50 per share.
Closed at $0.30 today.
I hold.
Link to a broker report (Chess Capital) released after yesterdays announcement of a 300% resource upgrade:
http://www.redforkenergy.com.au/documents/RFE 20090311 Chess Capital Partners.pdf
12 month target of $2.30-$2.50 per share.
Closed at $0.30 today.
I hold.
Re: RFE - Red Fork Energy
RFE has been mentioned in a few reports I have read recently.
It was recommended as a BUY by Cleo Nanni of NOVUS CAPITAL in yesterday's Compareshares email.
There are also a couple of broker reports with decent valuations (Hartleys, Chess Capital).
The share price has jumped from 19 cents to 33 cents this month.
Anyone got any thoughts on this stock?
RFE has been mentioned in a few reports I have read recently.
It was recommended as a BUY by Cleo Nanni of NOVUS CAPITAL in yesterday's Compareshares email.
There are also a couple of broker reports with decent valuations (Hartleys, Chess Capital).
The share price has jumped from 19 cents to 33 cents this month.
Anyone got any thoughts on this stock?
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Re: RFE - Red Fork Energy
I only looked over this one briefly but saw that they were excited about 100GJ/day wells.... WTF!
AOE said in a recent investor briefing they were doing 750/day in production testing and were happy with that.
ORG and STO have wells doing over a TJ per day
the economics may well be different in the US though. E.g. wells closer to end users reduces development costs dramatically.
haven't read broker report above yet
I only looked over this one briefly but saw that they were excited about 100GJ/day wells.... WTF!
AOE said in a recent investor briefing they were doing 750/day in production testing and were happy with that.
ORG and STO have wells doing over a TJ per day
the economics may well be different in the US though. E.g. wells closer to end users reduces development costs dramatically.
haven't read broker report above yet
Re: RFE - Red Fork Energy
Despite its big jump since end of February from 20 to around 50c, RFE still travelling under the radar with the huge potential it has. Still down from its 12 month high of 63.5c.
Main features are: flow test results at its east Oklahoma field conclude a 300% increase in production potential, 300,000 cubic feet of gas per day per well achievable, debt free, the current acreage held by RFE could support over 600 wells!!
Chess Capital Partners buy suggestion in March 2009 with a 12 month target of $2.30 - $2.50 got me interested.
Despite its big jump since end of February from 20 to around 50c, RFE still travelling under the radar with the huge potential it has. Still down from its 12 month high of 63.5c.
Main features are: flow test results at its east Oklahoma field conclude a 300% increase in production potential, 300,000 cubic feet of gas per day per well achievable, debt free, the current acreage held by RFE could support over 600 wells!!
Chess Capital Partners buy suggestion in March 2009 with a 12 month target of $2.30 - $2.50 got me interested.
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Re: RFE - Red Fork Energy
This stock has a Market Cap of around $42 Million ? WTF ? This stock has such a small Market Cap relative to other oil producing companies -- look at CVN's Market Cap of over $300 Million - their price is only around the .50cent mark..
$42 Million - $300 Million
Also, Redfork Energy's reserves are in the U.S (nice and safe and much better taxed than Thailand).
This stock has a Market Cap of around $42 Million ? WTF ? This stock has such a small Market Cap relative to other oil producing companies -- look at CVN's Market Cap of over $300 Million - their price is only around the .50cent mark..
$42 Million - $300 Million
Also, Redfork Energy's reserves are in the U.S (nice and safe and much better taxed than Thailand).
Re: RFE - Red Fork Energy
Stockpiles...I don't know why you are comparing Market Caps of the 2? You haven't even given any production figures, cash figures, anything really. You've just said that one is x the other is y, and x is taxed here and y is taxed there.
You gotta do better than that...
Stockpiles...I don't know why you are comparing Market Caps of the 2? You haven't even given any production figures, cash figures, anything really. You've just said that one is x the other is y, and x is taxed here and y is taxed there.
You gotta do better than that...
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Re: RFE - Red Fork Energy
Hi guys sorry for the ramp up I wont do it again. All i was doing was presenting a good case for this stock and am excited by it. I'm not alone in my thoughts, my case is further backed up by the broker reporting a 12 month target of $2.30 - $2.50 as per one of the recent posts above.
Upside POTENTIAL is further demostrated by Redfork owning 100% of their reserves as apposed to CVN's 40% and a statement quoted from Redfork where they have committed to fund ongoing drilling etc from sales of their existing oil (no need for farm-ins etc etc).
Hi guys sorry for the ramp up I wont do it again. All i was doing was presenting a good case for this stock and am excited by it. I'm not alone in my thoughts, my case is further backed up by the broker reporting a 12 month target of $2.30 - $2.50 as per one of the recent posts above.
Upside POTENTIAL is further demostrated by Redfork owning 100% of their reserves as apposed to CVN's 40% and a statement quoted from Redfork where they have committed to fund ongoing drilling etc from sales of their existing oil (no need for farm-ins etc etc).
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Re: RFE - Red Fork Energy
I've been slowly increasing my stake in Redfork, averaging in. It hit my radar when there were a couple of Brokers (www.thebull.com.au) recommended it at the same time. That was when it was trading in the 20 cents region.
Despite today's carnage its held up relatively ok for a small cap stock.
They are debt free with cash reserves (6+M) and not much liabilities.
Redforks forecast looks promising: (from commsec)
Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS -4.6 -0.4 17.7 38.7
With that kind of EPS in 2010/2011, IMO looks cheap right now.
Like to hear from fellow shareholders on this stock.
Hi guys sorry for the ramp up I wont do it again. All i was doing was presenting a good case for this stock and am excited by it. I'm not alone in my thoughts, my case is further backed up by the broker reporting a 12 month target of $2.30 - $2.50 as per one of the recent posts above.
Upside POTENTIAL is further demostrated by Redfork owning 100% of their reserves as apposed to CVN's 40% and a statement quoted from Redfork where they have committed to fund ongoing drilling etc from sales of their existing oil (no need for farm-ins etc etc).
I've been slowly increasing my stake in Redfork, averaging in. It hit my radar when there were a couple of Brokers (www.thebull.com.au) recommended it at the same time. That was when it was trading in the 20 cents region.
Despite today's carnage its held up relatively ok for a small cap stock.
They are debt free with cash reserves (6+M) and not much liabilities.
Redforks forecast looks promising: (from commsec)
Earnings and Dividends Forecast (cents per share)
2008 2009 2010 2011
EPS -4.6 -0.4 17.7 38.7
With that kind of EPS in 2010/2011, IMO looks cheap right now.
Like to hear from fellow shareholders on this stock.
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Re: RFE - Red Fork Energy -
This Stock continues to track steadily upwards
Now almost 70Cents after today's positivity on the market, RFE has resisted downward pressure, holding steady until an upswing in the market takes it higher, it appears to be trading in an overall healthy manner.
This Stock continues to track steadily upwards
Now almost 70Cents after today's positivity on the market, RFE has resisted downward pressure, holding steady until an upswing in the market takes it higher, it appears to be trading in an overall healthy manner.
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Re: RFE - Red Fork Energy
Redfork is on a tear....
Currently the price is 79c - up 11%
60 buyers for 1,589,142 units
6 sellers for 75,490 units
Redfork is on a tear....
Currently the price is 79c - up 11%
60 buyers for 1,589,142 units
6 sellers for 75,490 units
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Re: RFE - Red Fork Energy
YUP, now it has broken the 80cent barrier !! *yawn* so predictable - lol - I tell you with its relatively low Market Cap and so much going for it, within a short space of time (look at the EPS jump to 17cents in the next year) Stock examples like this one make it NOT rocket science to pick a winning stock
YUP, now it has broken the 80cent barrier !! *yawn* so predictable - lol - I tell you with its relatively low Market Cap and so much going for it, within a short space of time (look at the EPS jump to 17cents in the next year) Stock examples like this one make it NOT rocket science to pick a winning stock
Re: RFE - Red Fork Energy
Can you please explain what it has going for it Stockpiles? EPS can also change so don't base decisions wholly on this.
Not rocket science to pick a winning stock? Be careful with this statement.
YUP, now it has broken the 80cent barrier !! *yawn* so predictable - lol - I tell you with its relatively low Market Cap and so much going for it, within a short space of time (look at the EPS jump to 17cents in the next year) Stock examples like this one make it NOT rocket science to pick a winning stock
Can you please explain what it has going for it Stockpiles? EPS can also change so don't base decisions wholly on this.
Not rocket science to pick a winning stock? Be careful with this statement.
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Re: RFE - Red Fork Energy
If you read earlier posts on this page, everything it has going for it is explained. Please note also, the explanations of what this stock has going for it were made when the stock was 48 cents - the stock is now hovering around the 80 cent mark having topped 84 cents yesterday
As for the Not Rocket Science statement -- well thanks for the caution but I can say, if someone is to believe transparently the information provided by any given public company, it is not rocket science to pick the bargains which will eventually rise .. there is always risk however and these risks are noted in cautionary statements released by every company, so my statement should not be interperated to over ride any such statement and the risks remain current. There is also the risk Company Directors/ Executives are commiting some kind of fraud of which we are not yet aware. That should also be factored in...
If you read earlier posts on this page, everything it has going for it is explained. Please note also, the explanations of what this stock has going for it were made when the stock was 48 cents - the stock is now hovering around the 80 cent mark having topped 84 cents yesterday
As for the Not Rocket Science statement -- well thanks for the caution but I can say, if someone is to believe transparently the information provided by any given public company, it is not rocket science to pick the bargains which will eventually rise .. there is always risk however and these risks are noted in cautionary statements released by every company, so my statement should not be interperated to over ride any such statement and the risks remain current. There is also the risk Company Directors/ Executives are commiting some kind of fraud of which we are not yet aware. That should also be factored in...
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Re: RFE - Red Fork Energy
Redfork continues its stellar run, with price now at 84.5c.
I wonder if there is good news coming out from the company? It seems to be picking gains slowly but surely.
The volumes I've noticed is also starting to pick up. In addition, it seems like in the morning there are the sellers who drive the price down but then later on in the day, buyers swoop in to support the stock - good sign.
Redfork continues its stellar run, with price now at 84.5c.
I wonder if there is good news coming out from the company? It seems to be picking gains slowly but surely.
The volumes I've noticed is also starting to pick up. In addition, it seems like in the morning there are the sellers who drive the price down but then later on in the day, buyers swoop in to support the stock - good sign.
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Re: RFE - Red Fork Energy
Redfork just got lit up - 16% right now
Sold off yesterday - contemplated selling but lucky I didnt.
Both bokers Hartley and Chess Capital were keen on this stock when it was trading at 20c.... brokers get it right once a while
Redfork just got lit up - 16% right now
Sold off yesterday - contemplated selling but lucky I didnt.
Both bokers Hartley and Chess Capital were keen on this stock when it was trading at 20c.... brokers get it right once a while
zebop
Detector
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Re: RFE - Red Fork Energy
The market slid quite dramtically over the past week however RFE maintained a reasonable position around .90c, at one stage today it's back at $1.05
I suppose it's worth keeping an eye on vols as those in the know will present themselves getting in on the act?
The market slid quite dramtically over the past week however RFE maintained a reasonable position around .90c, at one stage today it's back at $1.05
I suppose it's worth keeping an eye on vols as those in the know will present themselves getting in on the act?
Re: RFE - Red Fork Energy
Looks like someone is slowly (very slowly) trying to accumulate some stock in RFE. Today i noticed Buy orders executed at market price every 5 to 10 minutes for around 90 to 100 shares at a time. This went on most of the day today. Would be interesting to see who the buyer is.
Here is a snapshot of some of todays trades for RFE:
Looks like someone is slowly (very slowly) trying to accumulate some stock in RFE. Today i noticed Buy orders executed at market price every 5 to 10 minutes for around 90 to 100 shares at a time. This went on most of the day today. Would be interesting to see who the buyer is.
Here is a snapshot of some of todays trades for RFE:
