- Joined
- 3 March 2007
- Posts
- 274
- Reactions
- 2
Hey sagitar--> 13.5c wont happen unless DOW falls 2500 points in one day... and not with Maari development wells spudding soon, and Zeus and Spikey... and 1.5 billion dollars worth of gas assets at a very conservative $5 per MCF... We will get a rally, and hopefully a little buffer so markets can only take profits away... roll out the red carpet...
a poster named elyob, said on another forumn that Zeus is now due to spud around the 15th of this month and not at the end of the month, due to "The Songa Venus well completion of Ichthys North-1 on its offshore rig schedule approx 11/10/08".. and then four days to move on site and spud for Zeus...
less than two weeks away...
this would make sense with the solid Fridays trading (apart from the last 10 minutes of the day)...
.^sc
get over it tree frog... all stocks have fallen....most by more than CUE... CUE has done better than most falling oil stocks...
For the fact that the DOW has fallen 3000-4000 points and Oil has fallen 40 bucks US ans CUE is only down 6 cents is a mighty achievement in itself...
You should be giving it up to us buddy...!
Pitty about all the delays...
Oh well... this is about to roll out...
Take care my friend...
I Hope your stocks arent falling by more than ours..
.^sc
Hey tree frog, ..... it looks like you really dont understand CUE very well, or at least the process of re-rating from development through to production....
6)CUE is very unlikely to ever hit 18cents ever again, perhaps its only shot of doing that is if we get a DOW falling over 1000 points in one day (within the next month)...
30 cents looking very very likely by November..
I have over half my portfolio on CUE...
best aussie oiler I can see on the entire market...
sc
Tree frog,
I dont think you understand me...
What has happened is totally unrelated to CUE, and you make it sound as though its totally related to CUE....
tree frog-rubbish! what I said could happen:
1) oil price drop is a general market factor,
2) but delay to production is very company specific.
You should take a few hours and re-read your previous ramps crude.
make no mistake about how the market views delay - time is money and almost always the share price is punished proportionally.
20weeks is around the time the market started factoring in the increased risk
Tree Frog, I have read this thread... My facts and research are very accurate...
if you have re-read the thread you will see i have never disputed your research and statement of the facts crude, but cautioned on your interpretation of them and your insistance on how the market must see them and respond: on this you appear to get a fair bit quite wrong.
let me pose to you yet another possibility following your assertion that CUE cannot fall to 13.5c
suppose just one significant shareholder gets cold feet or has a personal or financial issue that requires them to sell a significant portion of their holdings - I am not talking here of millions of shares, but say a sell of 300,000 - what would the share price have fallen to tonight if that had happened on close?? right! 13c
and what if that had been 500,000?? right! 12c
and do you think that would have spooked the market on CUE? quite possibly.
see, it is not reality to expect the market to only do one thing and the current market trend is down - has been all this year
Another 11,000 @ 13.5 cents added to the war chest, buy order will go in on Monday at 12.5 cents and 11.5cents.
If oil keeps sliding so will the share price, i am loving it. Portfolio is still GREEN, only just, my average is now 13 cents.
JW
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