CND - Condor Energy
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Re: BKP - Baraka Petroleum
My concern is the negative equity balance and limited cash as of the 30th Oct 09 ($1 988 196). If the report doesn't come back as positive as we think it will, the price may fall back to the support level of 0.3c.
If BKP then require more capital the shareprice may be further diluted.
I was also waiting to see if there was going to be a pullback to 0.7c.
I'm new to investing so please don't trust my newbie analysis
My concern is the negative equity balance and limited cash as of the 30th Oct 09 ($1 988 196). If the report doesn't come back as positive as we think it will, the price may fall back to the support level of 0.3c.
If BKP then require more capital the shareprice may be further diluted.
I was also waiting to see if there was going to be a pullback to 0.7c.
I'm new to investing so please don't trust my newbie analysis
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Re: BKP - Baraka Petroleum
Think something is wrong with your chart lol.
Most of us are in for the BESBS play rather than a longer term investment.
Its made a decent breakout and retacement has been minimal (ie just the spread) so we should see this run a bit. Lots of players won't sell till gap fill so thats an added bonus as well.
My concern is the negative equity balance and limited cash as of the 30th Oct 09 ($1 988 196). If the report doesn't come back as positive as we think it will, the price may fall back to the support level of 0.3c.
If BKP then require more capital the shareprice may be further diluted.
I was also waiting to see if there was going to be a pullback to 0.7c.
I'm new to investing so please don't trust my newbie analysis
Think something is wrong with your chart lol.
Most of us are in for the BESBS play rather than a longer term investment.
Its made a decent breakout and retacement has been minimal (ie just the spread) so we should see this run a bit. Lots of players won't sell till gap fill so thats an added bonus as well.
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Re: BKP - Baraka Petroleum
something wrong indeed
nice flame on that last candle there!!!!!!
if only!!!
good to see its selling into 9s again today
something wrong indeed
nice flame on that last candle there!!!!!!
if only!!!
good to see its selling into 9s again today
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Re: BKP - Baraka Petroleum
G'day guys.
Interesting to read and see the charts. I can genuinely say that I have no idea what they say but I try to simply read what I think will/will not trigger the market.
1. We have an increasing SP and increasing volumes.
2. This has largely run on the release of the draft ISIS report that management claim is good.
3. ISIS report due very soon.
4. Odds are very good that the report shall be positive (given earlier management comment)
5. Happy to punt on a SP spike when ISIS report is announced.
6. Depends what it then says as to how long I stay.
Not sure too many are in this one for the long haul (ie. years...?)
Cheers,
BESBS Player
G'day guys.
Interesting to read and see the charts. I can genuinely say that I have no idea what they say but I try to simply read what I think will/will not trigger the market.
1. We have an increasing SP and increasing volumes.
2. This has largely run on the release of the draft ISIS report that management claim is good.
3. ISIS report due very soon.
4. Odds are very good that the report shall be positive (given earlier management comment)
5. Happy to punt on a SP spike when ISIS report is announced.
6. Depends what it then says as to how long I stay.
Not sure too many are in this one for the long haul (ie. years...?)
Cheers,
BESBS Player
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Re: BKP - Baraka Petroleum
hey BESBS
you've summed it up pretty well there, as always.
charts dont really tell you much more than what you've already mentioned there - increased volume, increased SP
price and volume are so low usually that anything that brings the spotlight on these guys will cause the SP to jump... but with that, any negative will take your money just as fast!
hard to see it dropping until the report comes out though
hey BESBS
you've summed it up pretty well there, as always.
charts dont really tell you much more than what you've already mentioned there - increased volume, increased SP
price and volume are so low usually that anything that brings the spotlight on these guys will cause the SP to jump... but with that, any negative will take your money just as fast!
hard to see it dropping until the report comes out though
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Re: BKP - Baraka Petroleum
Hi Swm79,
Agree 100%.
While it was always going to see quick profit-taking, BKP has much SP growth potential ahead IMHO. This is just the start of a re-rating for BKP as management are getting BKP into new projects as quickly as possible. Next chapter approaching is the full ISIS report. Given the size of some of the CTP areas, it could be "very encouraging" reading!
Holding BKP at .005c
Hi Swm79,
Agree 100%.
While it was always going to see quick profit-taking, BKP has much SP growth potential ahead IMHO. This is just the start of a re-rating for BKP as management are getting BKP into new projects as quickly as possible. Next chapter approaching is the full ISIS report. Given the size of some of the CTP areas, it could be "very encouraging" reading!
Holding BKP at .005c
Re: BKP - Baraka Petroleum
Another positive announcement yesterday by BKP re Geoscience Australia completing a 373km seismic line that traverses accross BKP's EP127 and 128 permits.
Data not scheduled to be available/released until late 2010 however.
Full announcement on Comsec website (amongst others)
Continuing to HOLD for ISIS report.
DYOR
Another positive announcement yesterday by BKP re Geoscience Australia completing a 373km seismic line that traverses accross BKP's EP127 and 128 permits.
Data not scheduled to be available/released until late 2010 however.
Full announcement on Comsec website (amongst others)
Continuing to HOLD for ISIS report.
DYOR
Re: BKP - Baraka Petroleum
Well spotlight would be on the 40 million shares sold in one hit!! What do you make of that? Certainly makes you rethink about holding.
Well spotlight would be on the 40 million shares sold in one hit!! What do you make of that? Certainly makes you rethink about holding.
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Re: BKP - Baraka Petroleum
I've had two of my most promising shares hit by scalpers today BKP and EGO. You just have to look for the signs and hope that you are right that it is scalping and not leaking news causing the run.
I ahve scalped in the past (but not volumes anywhere near big enough to affect price) so I shouldn't complain, but it irritates me when big players make moves like this that end up unsettling holders and driving sp's down - then they start the buying pressure and do it all over again. It's abit like thievery in my mind.
Does anyone have access to information that can identify a single large buyer / seller in the list? Beig armed with this type of info would be useful in determining if big volume dumps where due to a rogue elephant or a herd of antelope....
I've had two of my most promising shares hit by scalpers today BKP and EGO. You just have to look for the signs and hope that you are right that it is scalping and not leaking news causing the run.
I ahve scalped in the past (but not volumes anywhere near big enough to affect price) so I shouldn't complain, but it irritates me when big players make moves like this that end up unsettling holders and driving sp's down - then they start the buying pressure and do it all over again. It's abit like thievery in my mind.
Does anyone have access to information that can identify a single large buyer / seller in the list? Beig armed with this type of info would be useful in determining if big volume dumps where due to a rogue elephant or a herd of antelope....
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Re: BKP - Baraka Petroleum
A large insto/private guy bought up 39mil stock (from 0.6 to 0.8) through the day of the run up VWAP of 7.6ish
He sold 23.5 Mil @ 8 when he took that entire price level. No data yet for the 25th Nov
Seems unlikely its him taking out the 0.7c level.
Cheers
A large insto/private guy bought up 39mil stock (from 0.6 to 0.8) through the day of the run up VWAP of 7.6ish
He sold 23.5 Mil @ 8 when he took that entire price level. No data yet for the 25th Nov
Seems unlikely its him taking out the 0.7c level.
Cheers
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Re: BKP - Baraka Petroleum
why am i re-thinking my holding because of that?
all of this action is still above my buy-in... as long as it stays there i couldnt care less
ann out today just letting people know not to read too much in to their ann re: the ISIS report.... but we're again reminded that the dirs are "extremely excited"... excellent work guys - keep it subtle haha
why am i re-thinking my holding because of that?
all of this action is still above my buy-in... as long as it stays there i couldnt care less
ann out today just letting people know not to read too much in to their ann re: the ISIS report.... but we're again reminded that the dirs are "extremely excited"... excellent work guys - keep it subtle haha
Re: BKP - Baraka Petroleum
A new announcement came out last night. A directors change of interest where 8,000,000 shares were sold in the market.
They say the reason for this was so they could exercise their options on the shares and does not reflect their view of the positive potential for the company to go forward.
Holding at $0.008
A new announcement came out last night. A directors change of interest where 8,000,000 shares were sold in the market.
They say the reason for this was so they could exercise their options on the shares and does not reflect their view of the positive potential for the company to go forward.
Holding at $0.008
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Re: BKP - Baraka Petroleum
Thanks SQ - how do you get this info and is it accessible to a mug like me (commsec access only and an internet connection). What do I need to be able to see this stuff?
Thanks SQ - how do you get this info and is it accessible to a mug like me (commsec access only and an internet connection). What do I need to be able to see this stuff?
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Re: BKP - Baraka Petroleum
Just IRESS. I'm looking at Desktop IRESS rather than webIRESS though.
Just going through time and sales. 3days after the trade ASX releases which broker each trade was done through. Eg, that Selling 0.7c line in one go was not the same guy that broke the 0.8 line. (Commsec seller sold 40mil @ 0.7 in one go).
Cheers.
Just IRESS. I'm looking at Desktop IRESS rather than webIRESS though.
Just going through time and sales. 3days after the trade ASX releases which broker each trade was done through. Eg, that Selling 0.7c line in one go was not the same guy that broke the 0.8 line. (Commsec seller sold 40mil @ 0.7 in one go).
Cheers.
Re: BKP - Baraka Petroleum
the following was originally posted yesterday afternoon (after a telephone conversation with a BKP neddy) and subsequently deleted during the 20min editing phase:
update on BKP
isis report is expected within 7-10 days (BKP receipt of)
draft report was approx 120 pages, will probably release a condensed, less technical report to the market
historic drill core was located and has been re-tested for inclusion
potential for shale oil/gas opportunities - arthur shale looks very interesting
suggest perusal of BPT's recent ATCO/Cooper jv shale gas/oil ann's to get better understanding
canadian co's huge shale oil/gas potential nth of BKP's permits
AEC (canadian co with expl permits adjacent to BKP and $9M in the bank) have approached BKP a number of times re the possibility of a jv/farm-in, BKP would be potentially amenable (and free-carried) provided it does not lock up BKP's permits while they exploit their own (AEC, that is), this would allow BKP to spend money on other opportunities
marketrazon has landed
have you visited the commodity comparitorium?
the following was originally posted yesterday afternoon (after a telephone conversation with a BKP neddy) and subsequently deleted during the 20min editing phase:
update on BKP
isis report is expected within 7-10 days (BKP receipt of)
draft report was approx 120 pages, will probably release a condensed, less technical report to the market
historic drill core was located and has been re-tested for inclusion
potential for shale oil/gas opportunities - arthur shale looks very interesting
suggest perusal of BPT's recent ATCO/Cooper jv shale gas/oil ann's to get better understanding
canadian co's huge shale oil/gas potential nth of BKP's permits
AEC (canadian co with expl permits adjacent to BKP and $9M in the bank) have approached BKP a number of times re the possibility of a jv/farm-in, BKP would be potentially amenable (and free-carried) provided it does not lock up BKP's permits while they exploit their own (AEC, that is), this would allow BKP to spend money on other opportunities
marketrazon has landed
have you visited the commodity comparitorium?
Re: BKP - Baraka Petroleum
the isis report is expected to be received by bkp anytime from tomorrow onwards
their next door permit neighbour is keen to jv/farm-in, with 3 approaches to bkp already
the next week may prove interesting times
marketrazon has landed
asf is a brackish pond, a microcosm of a world of sorts, if you will, it even comes replete with its own leeches and parasites
the isis report is expected to be received by bkp anytime from tomorrow onwards
their next door permit neighbour is keen to jv/farm-in, with 3 approaches to bkp already
the next week may prove interesting times
marketrazon has landed
asf is a brackish pond, a microcosm of a world of sorts, if you will, it even comes replete with its own leeches and parasites
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Re: BKP - Baraka Petroleum
The markets reastion to BKPs report is understandable
its too complicated and so hard to understand
people fear what they dont understand and so the herd being fearful is dumping
fundamentally seems a good report but Im no Oil Geo
bottom line company needs to work on its PR skills
The markets reastion to BKPs report is understandable
its too complicated and so hard to understand
people fear what they dont understand and so the herd being fearful is dumping
fundamentally seems a good report but Im no Oil Geo
bottom line company needs to work on its PR skills
Re: BKP - Baraka Petroleum
Re thinking your holding now? I personally would have taken a profit. Isn't that what it's all about?
Re thinking your holding now? I personally would have taken a profit. Isn't that what it's all about?
