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CUE - CUE Energy

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Hi Shrewd Dude.
I love CUE.

Its set and forget. The only stock I have held all the way through the GFC. I suspect it may be a case of no need for discussion as apposed to unloved.

Blue sky potential with a good base minimalizing down side is not all that easy to find.
 
Decided to take some BKP profits and place them into CUE.

Why:

1. CUE has been given Indonesian Government regulatory approval to take a 40% interest in the Mahakam Hilir PSC, in the Kutei Basin in Eastern Kalimantan.
2. This target area is on the boundary of the already producing Sambutan gas/oil field. The Sei Nagka and South Perlang oil fields are all located on the western boundary of this drill target. This means that while still a wildcat, at least oil has been found in the region.
3. Cue will repay US$4m in past costs but they have the cash. We should not see a CR.
4. The target is decent. The indicative recoverable reserves are 20 million barrels for the first well andthe second has the potential to deliver 80 Bcf of gas.
5. At current SP, CUE is within 10% or so of their annual low.

As CUE is not traditionally a punter's favourite, I don't expect huge returns. Nonetheless, they are aiming for a late Q4 drill and given the target size, we should hopefully see some BESBS gains with minimal risk (given we are operating in the market!) in the outlay.


Holding CUE at 21.25c ave
 
Just read on another site, the following:

Peter Strachan of Stock Analysis has sent to clients his "Single best ideas for the week" in the oil and gas sector.

CUE was one of them, SP target $0.35

This seems a positive reflection upon CUE.


Holding CUE at 21.25c ave
 
Happy to date with CUE. Peter Strahan (StockAnalysis) has recommended CUE (with a spud-drill SP target of 35c). I think that this is a little highbut happy if he is right!

Need now to hear a definite drill date before Christmas. Up 10% to date.

Holding CUE at 21.25c
 
Still waiting for the definite drilling date but the SP is managing to hover around the 24cent mark despite the difficult market.
Positive drilling news soon would be good.

Holding CUE at 21.25c
 
BESBS Player said:
Still waiting for the definite drilling date but the SP is managing to hover around the 24cent mark despite the difficult market.
Positive drilling news soon would be good.

Holding CUE at 21.25c
Click to expand...

CUE have said a number of times lately things are happening on the patch . I guess they dont need to repeat themselves . So , I am confident that we will get a news flow in early Jan'12 which has meaning for the market to respond .
 
Great to see drilling now underway. According to the announcement, we should have final results within 30 days. While I don't expect a lot of movement initially, the size of the target might attract a few punters. Time will tell. It would have been nice for shareholders to have known that preparations for drilling were going well (rather than let the SP drift) but such is life...



As usual, I'll be playing CUE as a BESBS play.

Holding at 21.25c ave
 
I expect SP action now in Feb late . Just a feel for fundamentals. Hope the general market can sort itself with Euro-zone problems . Oil patch news is all over the place atm....
 

With the drill bit getting closer to testing zones, I have sold out of CUE. Stayed a little longer in case we managed a surprise positive early announcement but nothing came.

Not a huge profit but they all count.

In at 21.5c
Out at 24c
Profit: 11%
 
I sold recently too. Held them far too long for a very modest profit but have the funds in MAD now where they are more than earning their stay!

 
Consider the big picture with CUE . Changes to the board and associate company OXX gives an indication of the slow evolving strategy here . CUE will awaken quite soon ,within 2-3 months and surprise ! CUE cant say what is to be decided by others and for events to achieve goals .

I like the CUE how it is being setup.... some top analysts are trying to spell it out ....so it is looking good for steady patient holders .

From the end of Jan '12 ,a number of things come into play , but will not be reported until proper time .

Holding CUE ...
 
CUE is up at 28c after ASX ann. of gas in Indonesia . The next week could see this significant hole proved , and we have the first solid news flow for 2012. SP will head then for the high 30's as the next well is an oiley one , and large ....CUE 40% here .

With much on after that , 2012 coulld be very significant for the cue .

Hold CUE ; Dyor .,.
 

Advancing by the day .....31c now 20/2/12.

Good result so far in Indonesia ..... gas in ASX ann. Now sidetracking for oil at depth . This could be worth 5c* to CUE .

The next well could be worth 10c* , and we would see CUE over 40c ..... then the big game will start with Woodside . That could look at 60-90c* per share .

So , we could see CUE heading for over a $1+*

* refer to Stockanalysis reports of recent times .
 
This weeks eureka report and Monday's the bull website were v positive on cue.
Got a small amt at 29.5 cents this week.... Will pick up more if there's movement in the share price upwards....
 
CUE is my core stock now . Kalimantan is going ok , pity we didnt get a final result on the gas well , but it is suspended and I am sure in the fullness of time be back with a bigger rig . Now waiting for the spud of the oil well to the south . This has a high COS , and will spur the SP . June Qtr looks very good , with this Kalimantan well; Woodside well on NWS; and the full effect of cashflow from Wortel/Oyong .

The analysts have said it all , and now the advisors are starting to see the value here as other oilers fail to run on promote game . They havent played with CUE up till now as mgt are conservative , and dont play with the market price . The CUE boss has a board all whom are non-executive directors including Chair . CEO does the talk , and says very little really...
 
CUE is at the cross roads . NS well will dig through target zones next couple days , and we could have the bit news . Need a winner here in Kalimantan as punters are shy. The company gave a presentation in Hong Kong a coupla days ago worth a listen . NWS well is the fall back if this NS well fails to please .

Analysts are not squawking this time ..... things are tough

Punters not holding due to risk .... unusual?




Hold CUE
 
Very conservative ASX ann today . They went into pre-open before the ann to say nothing at all..... strange times . Maybe they dont want to look silly again after the mishandling last time with the gas well up the road
 
Beginning to think there maybe something positive with the NS well .... here's hoping !
 
Down 11% this morning..

Commencing plug and abandon operations
 
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