CND - Condor Energy

[pierrebfg]

Re: BKP - Baraka Petroleum

Also the amount of buyers compared to sellers should see this go up one would assume. Although it is never good to assume anything at all.

 

[1nvstor]

Re: BKP - Baraka Petroleum

I put in a sell order for .015 yesterday in case of a sudden spike (like today). got triggered of coarse , just put a buy back in at .011. hope i dont regret the sell. looks pretty quick and steep. I usually expect these things to come back down a bit. we'll see.

I think that's a fair go. You should be fine. Dropped to 1.4 and it's probably coming back down to around 1.2-1.3 for the day. Huge potential. Especially if the drill results create hype and goes to 20c. I also have a buy order in for 1.1

 

[againsthegrain]

Re: BKP - Baraka Petroleum

Suprised how solid its holding at 1.5 I would of expected a retrace to 1.2 - 1.3 usually on a breakout like this but then again this stock has been a sleeper for a long time and lots of big money is watching, so if we close on 1.4 - 1.5 I would be expecting for a opening near 2c next week. Thats all just in my opinion No doubt if enough expeosure and speculation is created I would love for this to go 5c + before drill however 20c is very optimistic, id love it tho! been siting on this stock for just about a year now, not going to sell out for cheap money now

 

[Liar's Poker]

Re: BKP - Baraka Petroleum

Rose .001 to 0.015 this morning (did hit .018 for a second, spent most of the morning at 0.016) before going into a Trading Halt just after 12:00 noon.

Another solid 40 million traded for the morning.

Now pending the release of an announcement by or prior to Thursday, 6 January 2011.

-Liar-

 

[againsthegrain]

Re: BKP - Baraka Petroleum

Yea I thought that was general knowledge on the status icon under your online broker

 

[BESBS Player]

Re: BKP - Baraka Petroleum

G'day guys.

Just seen the Trading halt.
Firstly, I don't know what is behing the TH. That said, I do believe that the Canadians have managed to easily raise the required $50m (with over double the money offered to them!) and this would make punters feel secure about the finance side of the project.

From a trader perspective, we have a potential (so they tell us!) 4.2 billion barrel oil target with a very low SP that offers a heap of leverege for traders all due to drill in March. If you don't get set now, when do you enter? I think that this explains the recent SP movement.

Given my entry price, I'll wait. Being a horizontal drilling, I believe that the chance of hitting an oil show is higher than in a conventional drill. If this occurs, then BKP could runquickly (even though we won't know anything about its commercial viability).

Now the TH is in, I couldn't sell anyway but I have no plan to sell any until close to the drill bit turning (assuming that the announcement is not a major capital raising)

Anyway, just my thoughts.


Holding BKP at .003c

 

[Liar's Poker]

Re: BKP - Baraka Petroleum

G'day guys.

Just seen the Trading halt.
Firstly, I don't know what is behing the TH. That said, I do believe that the Canadians have managed to easily raise the required $50m (with over double the money offered to them!) and this would make punters feel secure about the finance side of the project.

From a trader perspective, we have a potential (so they tell us!) 4.2 billion barrel oil target with a very low SP that offers a heap of leverege for traders all due to drill in March. If you don't get set now, when do you enter? I think that this explains the recent SP movement.

Given my entry price, I'll wait. Being a horizontal drilling, I believe that the chance of hitting an oil show is higher than in a conventional drill. If this occurs, then BKP could runquickly (even though we won't know anything about its commercial viability).

Now the TH is in, I couldn't sell anyway but I have no plan to sell any until close to the drill bit turning (assuming that the announcement is not a major capital raising)

Anyway, just my thoughts.


Holding BKP at .003c

They just posted the trading halt request. It looks as though the pending announcement is just to respond to queries regarding the recent volume and price movements. Nothing overly price sensitive.

That is just how I have interpreted it though.

-Liar-

 

[poverty]

Re: BKP - Baraka Petroleum

In before the TH at .015, will let this one ride.

 

[Miner]

Re: BKP - Baraka Petroleum

G'day guys.

Just seen the Trading halt.
Firstly, I don't know what is behing the TH. That said, I do believe that the Canadians have managed to easily raise the required $50m (with over double the money offered to them!) and this would make punters feel secure about the finance side of the project.

From a trader perspective, we have a potential (so they tell us!) 4.2 billion barrel oil target with a very low SP that offers a heap of leverege for traders all due to drill in March. If you don't get set now, when do you enter? I think that this explains the recent SP movement.

Given my entry price, I'll wait. Being a horizontal drilling, I believe that the chance of hitting an oil show is higher than in a conventional drill. If this occurs, then BKP could runquickly (even though we won't know anything about its commercial viability).

Now the TH is in, I couldn't sell anyway but I have no plan to sell any until close to the drill bit turning (assuming that the announcement is not a major capital raising)

Anyway, just my thoughts.


Holding BKP at .003c

Since you have posted there was an explanation by BKP management.
IMO the explanation could fuel the price up further when TH is removed.
BKP tried to explain genuinely what they believed to have caused the volume and price increase.
So BESBS I do not think you would be concerned to see your investment at .003 to gallop further again. Enjoy and congrats

Disclaimer _ DNH

 

[Liar's Poker]

Re: BKP - Baraka Petroleum

Since you have posted there was an explanation by BKP management.
IMO the explanation could fuel the price up further when TH is removed.
BKP tried to explain genuinely what they believed to have caused the volume and price increase.
So BESBS I do not think you would be concerned to see your investment at .003 to gallop further again. Enjoy and congrats

Disclaimer _ DNH

I agree.

Similar to what has been mentioned earlier in this thread, Baraka continue to use ASX queries as an opportunity to sell the company. In some cases, increase speculation:

Parts taken from BKP announcement: 04/01/2011 5:05PM - Response to ASX Query

"Our Canadian Partners in the Southern Georgina Basin areas also had a successful shareholders meeting on the 29 December 2010, approving a back door listing of their interests in the Southern Georgina Basin on the Canadian Stock Exchange with a capital raising of some $53m and rumoured to have been oversubscribed by some $93m."

"The previously announced acquisition by the Canadians of the 25% interest held by NT Oil Pty Ltd, giving them an interest of 75% in EP127 and 128, has lead to speculation that an offer maybe made to the Company for its 25% interest in these areas. Whilst no formal offer has been made, the Company will keep the market fully informed of any developments."

"The Company is also aware of a rumour in regards to a capital raising and it is very likely that Baraka may pursue a capital raising in the near future, particularly in the event of an additional project acquisition and or farm in as outlined herein."

Not really conclusive.

-Liar-

 

[kalin]

Re: BKP - Baraka Petroleum

Haha.... Price us surging like crazy.... Based purely on speculation love how they're fueling the hype in the price queries ... I missed out on the buy in at .015,, just before the halt by 5 mins
So I'm going to keep watching and maybe get in once the share price comes back down to.015... That's if it does

 

[Liar's Poker]

Re: BKP - Baraka Petroleum

Haha.... Price us surging like crazy.... Based purely on speculation love how they're fueling the hype in the price queries ... I missed out on the buy in at .015,, just before the halt by 5 mins
So I'm going to keep watching and maybe get in once the share price comes back down to.015... That's if it does

I sold 35% of mine this afternoon to reduce my risk and cover my original outlay. Some half decent levels formed to slow the run (for the day at least), so I figured the time was right.

DYOR

-Liar-

 

[boff]

Re: BKP - Baraka Petroleum

I sold 35% of mine this afternoon to reduce my risk and cover my original outlay. Some half decent levels formed to slow the run (for the day at least), so I figured the time was right.

DYOR

-Liar-

I did the same. Sold 50% of a parcel bought at 0.8c for 1.9c
No shame in taking a profit (and a tidy one at that!). Many thanks to the good folks on this forum for bringing this stock to my attention.

 

[againsthegrain]

Re: BKP - Baraka Petroleum

Looks like a bit of exhaustion by mid day today, still good momentum. Might be a slight mid week retrace and profit taking, nothing wrong with that I too sold down some of my packet at 1.8

For the cowboys this is the perfect opportunity to sell down and come back in lower positions, only for the quick and dead.

 

[donteatme]

Re: BKP - Baraka Petroleum

I'm really kicking myself over this one. I was tossing up buying in before the price surge but didn't

Will buy in at the next dip.

 

[BESBS Player]

Re: BKP - Baraka Petroleum

G'day guys.

That said, I do believe that the Canadians have managed to easily raise the required $50m (with over double the money offered to them!) and this would make punters feel secure about the finance side of the project.


Holding BKP at .003c

G'day Miner and BKPers,

Looks like my information about the Canadians was right. Not sure why BKP keep pleading ignorance - I knew about the over-subscription and it was also confirmed in a weekend publication. Anyway, gives them a great chance to keep promoting the company.

I'm now waiting for the next month. Once we get into February, we should start to see more SP movement.

 

[againsthegrain]

Re: BKP - Baraka Petroleum

Good call about the oversubscription, I see a few people are now catching onto it (a few weeks late) hehe

I pulled a few cheap shots last week and got a 10% here and there advantage but now I think im going to sit quiet in my corner holding. BESBS player your calls previously have been spot on and now as you say getting closer to FEB we are due for a real breakout, especially with the recent retrace.

 

[Magic Man]

Re: BKP - Baraka Petroleum

I agree this is a cheap stock with some potential.. i see a few announcements to be made in the near future, there horizontal drilling prgram looks interesting and also there are plenty of buyers at the moment.. Why not throw a few grand in and cross the fingers???

What other stocks are holders of BKP interested in.. private post me maybe??

 

[donteatme]

Re: BKP - Baraka Petroleum

Does anyone see this stock continue its dip, or is it good to try to buy in at 1.5c?

 

[newanimal]

Re: BKP - Baraka Petroleum

Does anyone see this stock continue its dip, or is it good to try to buy in at 1.5c?

When sp initially shot to 1.5c my 'spike catcher' sell order was triggered and i placed a buy order for 1.1c. wrong call. moved my buy order up to 1.5c when sp hovered around
2c and 1.8c. most of that order was filled fri. my broker likes me: I hope the rest get filled mon. Got no idea if sp will dip lower but happy to pay the $30 ticket to get back on board.