CIG - Caspian Oil and Gas

[dogwithflees1983]

SFX u were on the money with KEY, it went north in a big way on friday.
Wish i got in 2 days earlier !!

 

[yuyry002]

CIG is up 6% today on strong volume. according to their last ann, we should have a progress report in couple days time. hope they hit something.

 

[mickqld]

CIG is up 6% today on strong volume. according to their last ann, we should have a progress report in couple days time. hope they hit something.

Well they have hit only 2m of oil and the market isnt liking it. Must have factored in a lot more. I know they are testing the northern limit of the field but wouldn't you put your first hole right in the middle where you expect to fing\d the mother load and get this company moving?

 

[kyrondgm]

Guys

Ive been holding CIG for a few months now and I have faith in this one...however what happened this morning is indescribable. On the back of yesterdays 8% increase CIG looked set for a good run again today until around 11am EST, when the market responded poorly to the latest drilling results...share price dropped from 16.5 to 14 cents in a matter of minutes...anyone got any reason why they took such a bit hit?? What was so bad about these results that i apparently missed??

 

[wipz]

Guys

Ive been holding CIG for a few months now and I have faith in this one...however what happened this morning is indescribable. On the back of yesterdays 8% increase CIG looked set for a good run again today until around 11am EST, when the market responded poorly to the latest drilling results...share price dropped from 16.5 to 14 cents in a matter of minutes...anyone got any reason why they took such a bit hit?? What was so bad about these results that i apparently missed??

They've found a puddle when they were looking for a lake.. Doesn't make the rest of their targets look any better. I think punters are bailing... If you have faith in this little one stay on board, punters will jump back on later and drive the price back up..
As for me, im looking for an exit.

 

[dogwithflees1983]

Wipz, why does it not make any of their other targets look any better??
As pointed out by MickQld they have only started drilling in the northern limit, thus there is still a LOT more land to be explored.
Punters like you are the reason the stock is being sold off so cheap! all good for the longer term investors as we can pick the stock up cheaply !!

 

[timelord]

Well they have hit only 2m of oil and the market isnt liking it. Must have factored in a lot more. I know they are testing the northern limit of the field but wouldn't you put your first hole right in the middle where you expect to fing\d the mother load and get this company moving?

I must confess, I also thought they would target an area with percieved depth of oil, as I am sure the cost of the rig is not cheap?? Maybe they are just being methodical. I am new to this type of exploration and was hoping that over the past 4 months some sp action would be occurring by now.

 

[timelord]

Very quiet in this thread at the moment. Hopefully they will be able to find oil as able to drill down to 1,500m. I am hoping it is a good prospect.

 

[timelord]

Anyone still in this one or have people move into MHL? What are the feelings out there about CIG. It seems the day traders have left and just the medium and long termers??

 

[2BAD4U]

I apologise in advance if I've got this wrong as I am still on my L's.

I have 2 questions:
1. Is this a descending triangle forming and the chances of a breakout below 12.5c on the cards?
2. MACD is giving a Buy signal would others add to their position?

I know, do my own research, etc but I bought CIG at 16.5c and seriously considering selling if it goes below 12.5 and moving the money into MHL or PRE and am just curious on if my analysis is right (the triangle) and what other peoples feelings are about CIG. For the record, I will be getting out of CIG it's just a case of when (<12.5 or >16.5).

Cheers
Warren

 

[wipz]

I got out at 12.5c, read through the announcements thoroughly, cant seem to see any indication that they will have a significant find, only way this baby is going up is on anticipation of a find, which personally i cant see happening. MACD is signalling buy but the fundamentals arnt there. Bit of volume would be nice if you were trading it techie, but has solid support for a break out.
DYOR

 

[Quasar217]

What's with this? This was my first spec stock - bought in at 15c. Now down to 11.5c - they seem to come out with regular announcements about finding oil or gas and every time the price goes down! Is it time to cut my losses?

 

[sfx]

What's with this? This was my first spec stock - bought in at 15c. Now down to 11.5c - they seem to come out with regular announcements about finding oil or gas and every time the price goes down! Is it time to cut my losses?

The key to success is to have large oil finds and be able to commerically extract it with minimal cost and hassle.

CIG seems to have found oil/gas, but the quantities indicated aren't exciting the market atm. They haven't exactly given any firm estimates over reserves, and perhaps the market is waiting for better news ?!

A lot of day traders would be out of this one, due to the stock not being liquid enough.

You also have to factor in the long road from prospect to production - and its not an easy road to take. Just take a look at AED and the plethera of other oilers out there. Even Woodside haven't had an easy run with some of their prospects....

If this stock is to go anywhere, it'll be on the back of an announcement of a large oil find, or perhaps on the back of Santos as part of the JV.

 

[timelord]

Good to see support from Macquarie Group with a 5% shareholding. Great to see some upward movement above 10cents. Seems good support around the 10-12 cent mark. Strong resistance above 13cents with no substantial find to break through pass the year high of 17-18 cents.

 

[Trader Paul]

Hi folks,

CIG ... expect fun and games to start as early as 07012008, but
it certainly should be booming, between 16012008 and 25012008 ...

have a great weekend

paul



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[Annwn]

Support at .10 hopefully will hold, yesterday opened at 0.105, the high and closed at the high, - can be a significant reversal signal, but would need to wait for confirmation, I think a close above res at .13 would be needed to consider CIG was in an uptrend :eek3:

 

[timelord]

Hi folks,

CIG ... expect fun and games to start as early as 07012008, but
it certainly should be booming, between 16012008 and 25012008 ...

have a great weekend

paul



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Hi Paul

Is there a reason for this prediction? I would be interested to know and would be really happy if this was the case. Is this based on the latest drilling announcement?

 

[hegemony]

Hi guys,

Mostly the poor drillers are frozen solid so no further work being done at the moment.

Is CIG due an announcement about results on their 1st or second well shortly? Or is this the perforation results that are being delayed due to weather also?

Russ

 

[AussiePaul72]

Hi folks,

CIG ... expect fun and games to start as early as 07012008, but
it certainly should be booming, between 16012008 and 25012008 ...

have a great weekend

paul



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Think you neglected to say 'booming in the reverse direction' Trader Paul .....lol. You picked the big decline in MEO but this above prediction seems to be off the pace!! Do you have a revised prediction for CIG?

 

[dogwithflees1983]

Just noticed that CIG has gone into a trading halt till Monday.....anyone care to speculate on what this annoucement may bring, good or bad??
Cheers!