CUE - CUE Energy

[Flying Fish]

Portfolio hit $113,000 on Friday and so i've effectively just about doubled my original investment since last December, nice little earner.

Next week will see the Oyong production barge reach the oil platform and begin preparation for first oil - Yee Hee!!

Hopefully first oil will flow relatively quickly after arrival.

I'd say the next two months should see the price push towards 30 cents with little resistance, unless we get some unexpected negative event.

Fingers crossed that SPC gets hungry for more shares. They wont be getting mine!!!!

Oh boy, getting excited about 'Maari' next year and it aint even Xmas yet.

JW

Next week will see the Oyong production barge reach the oil platform and begin preparation for first oil - Yee Hee!!

Hopefully first oil will flow relatively quickly after arrival.

I'd say the next two months should see the price push towards 30 cents with little resistance, unless we get some unexpected negative event.

Fingers crossed that SPC gets hungry for more shares. They wont be getting mine!!!!

Oh boy, getting excited about 'Maari' next year and it aint even Xmas yet

me too

 

[JeSSica WaBBit]

Just thought i'd drop in and spread a little Cuemas cheer...............

Cue ended the week strongly after languishing with few buyers and sellers mid week as it seems to be establishing a new base at around the 22.5 cents.

Very encoraging to see us test the 25cent mark today, plenty of sellers in the mid twenties with reasonalble support at 22.5ish. Could mean we are going to go sideways for a while building up steam for the inevitable break out at some stage in the future.

We should have first oil from Oyong next week. That should provide more encoragement for buyers.

Since SPC's recent purchase of shares the daily volume has dropped off a little, don't really see it as an issue because the sellers dont look like they are too interested in selling down and, would you blame them?

At 25cents i've essentially doubled my money since entry so i'm pretty stoked with the situation. Pure genius i tell ya.......!!!!!!

Anyways, all thats required is patience and i've got that by the bucket load!!

This time next year, that's what i'm waiting for....................bring it on!!

JW - i love OIL

 

[Captain_Chaza]

The longer they make me wait for the Breakout

The more "They Pay" afterwards

That is just the sort of guy I am!

Salute and Gods' speed

 

[JeSSica WaBBit]

Oh baby!!!!!

Yer, yer, who's ya daddy................does a back flip and high fives Dutchy, pure genius i tell ya!

Portfolio hits $119,000 - I'll be pimping Hares before years end at this rate

just lov'in it!!!!!!

JW

 

[Dutchy3]

Hi JW

Here's another perspective, weekly as this time frame illustrates best for me ...

Volume kicked when it needed to as well

 

[JeSSica WaBBit]

I like weekly charts as well to guide the overall trend, it looks good Dutchy!

Pull up a weekly chart for 1 year with 12,26 and you can see a nice clean continuous upward trend. Nice and slow and steady, the best kind.

The other thing that i like is that in the scheme of things the really BIG volumes have not kicked in yet. Go back to the start of 2005 and look at the volume when it broke out, we are yet to get some of that action but it will come.

Next year Dutchy, next year, just got to be patient. When word gets around about Maari mid next year thats the time!!!
Less than a year to take off.

Mind you, doubling the loot in 6 months can't be sneezed at.

Planned the trade and now all that is required is to trade the plan, next year, next year................and i will be letting them know that is was all pure wabbit GENIUS!

JW - Waskily Wabbits (ain't it great on top)

 

[JeSSica WaBBit]

Hey Dutchy, can you confirm the current support level is 23.5.

I'm in Technical Analysis mode at present learning as much as i can. Currently on your speciality Candlesticks...............

If 23.5 is the support and it breaks this, is it only significant if the main body EOD is below the support or does the shadow also count?

I understand for confirmation i need to check other indicators.

Not that i am going to sell, i am long at least until Maari kicks off or if the price gets ridiculously over inflated..............

Would value your opinion.

 

[JeSSica WaBBit]

Oh Dutchy, one other thing..................

If 23.5 is the support and it fails to break this and the down trend reverses is the resistance measured from the top of the shadow of the tallest candle or from the top of the main body?

In this case would that mean resistance is either 26 or 27?

JW

 

[Dutchy3]

Hi JW

The daily chart is signaling sell out of positions to me.

The last time I looked at this one the weekly position / chart seemed the more logical and retained a HOLD status for me ... not changed as yet.

Mind if a End of week close is below 22.5 the weekly will have also signaled a bail out.

Remember I hold positions for about 4 - 8 weeks looking for the daily set up patetrns, and then move my capital elsewhere.

The FA sounds positive on this one though and I understand your time horizon (and I hope, expectations) reconcile to this weekly / monthly view

 

[JeSSica WaBBit]

Well it should be interesting to see where the market takes us in the next few weeks then.

I really think the markets is poised, with buyers and sellers relatively even at present, it looks like a bit of a battle for direction to me. I dont see much reason to go either way so maybe we will be in the hands of the gods for a while.

I think the short term could very well see a lot of sideways movement between 23.5 and 26, however if we clearly break below 23.5 i think its going to trade between 19.5 & 23.5 for some time until the next big push forward.

For me this is fine, i'm long and still confident.

You are in a shorter trading window shouldn't you be hedging your bets a little and trying to sell say 50% of your shares at about 25 cents just incase we do break 23.5 or 22.5 that way you can buy back in at a lower price?

Alternatively if the share price continues to rise wouldnt you be looking at trying to pick the next resistence level to sell a portion of your shares then trying to buy these back at a lower price. Especially because as the weekly MACD shows the overall trend is up so this should give you the opportunity to sell these again at a higher price. I imagine this pattern continues until the weekly MACD crosses the slower moving average signaling a change in the trend, at this point you bail.

Just trying to think like a trader..........................

 

[JeSSica WaBBit]

How very interesting, SPC is still soaking up share volume and this clearly explains why every time the price goes towards 23.5 it is quickly hammered back up. This support level is SPC!

The announcement today says they now have control of 9.5% (59,658,633 shares).How good is it!

Its obvious now that they have Cue firmly in their sights. The question is, how much control do these guys want?

Oh Baby, i hope they want a much bigger slice of the action than what they currently own.
Yee Hee, go SPC!!!!!!!! (there are days when you feel like the Gods have a green tick next to your name)

If SPC keeps buying the market is going to catch on sooner or later and when they do wake up i'd say confidently that an explosive breakout from the current trading range will be on the cards.

Dutchy you would have to be bonkers to be considering selling with this news. Willing to put money on the table that says your going to be going long with me on this one?

Its Waskily Wabbit genius i tell ya.....................

 

[JeSSica WaBBit]

The pressure cooker just keeps simmering away.......................

Sideways between 23.5 and 26, couldn't be happier with progress to date this year. Glad to continue like this until the beginning of 2008 if need be, by this date i will have had all my shares for a year and reduced my CTG by half.

It just gets better by the day!!

However, sideways can't last forever and i don't think the next push forward can be too far away now. Every month that goes by is another month closer to Maari kicking off.

JW absolutely chuffed

 

[JeSSica WaBBit]

SPC has further increased holdings in CUE to 10%

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A2651C5FC4DA05DD482573840032033E/$file/CuePressRelease30Oct2007.pdf?openelement

I heard a rumur about this earlier in the week from a contact in Singapore but could not confirm it.

I tell ya, the Penny is going to drop sooner or later in the broader share holding community and also with the fund mamagers. If SPC keep soaking up shares its only a matter of time until CUE's share price accelerates.

By the way, this news has not been released in Australia yet to my knowledge?

Keep ya posted...............go SPC

 

[Flying Fish]

SPC has further increased holdings in CUE to 10%

http://info.sgx.com/webcoranncatth.nsf/VwAttachments/Att_A2651C5FC4DA05DD482573840032033E/$file/CuePressRelease30Oct2007.pdf?openelement

I heard a rumur about this earlier in the week from a contact in Singapore but could not confirm it.

I tell ya, the Penny is going to drop sooner or later in the broader share holding community and also with the fund mamagers. If SPC keep soaking up shares its only a matter of time until CUE's share price accelerates.

By the way, this news has not been released in Australia yet to my knowledge?

Keep ya posted...............go SPC

gee I hope your right. maybe I might win the tipping contest for a change. Cue has been bad to me for the last two years, maybe it will finally shine ;-)

 

[benwex]

SPC has increased its holdings again in CUE to over 10% now...

First shipment has left Oyang, any ideas for the recent softening of the SP???


Seems like all good news? Little volume though...

benwex

 

[JeSSica WaBBit]

Yep, not too sure about why the share price softened. I am still long and like what i see.

I think that there was a support level at 23 cents prior to the softening and once it broke that level it may have triggered a few stop loss points, therefore causing a snow balling effect?

I still think the big money will be made in the first six months of next year as we approach the Maari oil field beginning operation. It is a significant increase in production for the company and i expect this to be reflected in the share price.

Oyong will provide additonal valuable operating cash.

Who knows what SPC's intentions are?
My gut feel is that they want a much larger control of this company than there present holding, if this is true i think it can only be good for us shareholders. They already have 40% interest in Oyong.
I also understand that they have a very large sum of money set aside for investing and aquisition of other companies.

One other thing that i think may happen is that if Cue want to raise capital then maybe SPC will be given the opportuniy to purchase a large volume of shares in the company, this gives Cue the funding and SPC more control?

Regardless of all that, my reason for holding is simple, i dont think there is much downside and the next 12 months sees many exciting things for the company with significant growth.
If we fluke something along the way in addition to the planned works then i think the share price could get a big kick along?

The recent report stated that they have calculated there oil at $55.00 a barrel, so if prices stay high, which i expect them to then we should also see a bigger profit than that forecast.

It comes back to patience, stick it out until this time next year when Maari is pumping oil and i think you will be rewarded.

Good luck everyone, i look forward to this time next year

 

[Trader Paul]

Hi folks,

CUE ... improved trading over the past few days, but still
under the longer averages right now and may see
more negativity around 27-28112007.

Should be looking good, from around 10122007 and
positively BOOMING, about 07-14 January 2008, with
news expected on 11012008.

have a great weekend

paul



=====

 

[JeSSica WaBBit]

SPC still buying and now has 11.75%. I'd say they are after at least 15% and maybe more?

Well, i've said it before and i'll say it again, if SPC continues to soak up shares in this company sooner or later the price is going to go up significantly.

There can't be much volume left for them to buy, using the Annual report to try and calculate the total shares the top 20 would now have my calculations put it at about 62% of the total shares on issue.

If this is accurate there is 38% roughly left in the market, give or take 5% or so..............

Go SPC, just keep buying!!

Come on 2008, oh boy i am looking forward to next year!!!

Good luck everyone

 

[JeSSica WaBBit]

Not much action for the last few weeks, slow and steady holding at 22.5 cents.

At the close on Friday there was a noticeable increase in buyers so it will be interesting to see if this converts into an increase in price next week?

Should also be interesting to see what the seismic data that MEO is in the process of collecting turns up. I'm hoping for something good to come out of this being next door to the Perseus Gas Field.
Anyways, it seems like it has some potential and i'll be keeping my fingers crossed.

2008 is only just around the corner and we are hurtling towards the big one (Maari) being operational, i am ticking off the weeks on my calender and wishing time would go a little quicker. I've waitng over a year for this now..........................but i have no doubt patience will be rewarded.

If i'm not back in before Xmas, have a good one and a happy new year. I'll see ya next year full of enthusiasm and chomping at the bit for some action with Maari.

2007 has been a good year and i have essentially doubled the loot, love it!!!

JW

 

[Jigalong]

Ms Wabbit ,

Last sale 0.21 . Have the Singaporeans gone ? I don't think so . I admire the way they have been buying - drifting down with the market instead of going at it like a bull at a gate .

Having a big debate with myself this morning - buy some more or sit on my hands . I already have a big lump , so perhaps greed is taking over .

I think I will look at what happens to the market on the opening , before I make my decision .

I have been reading your posts - you certainly are a supporter !

Happy Christmas ,

Jigalong .