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CUE - CUE Energy

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In a word or two, what are the fundamentals for cue.

1p, 2p 3p, other territory, blu sky, options prices expiry etc ?

Would be very useful.
 
Jigalong - You must let us know if you ended up buying more?

I agree with you, SPC has been very intelligent at accumulating there stock. I see they have at least two brokers buying for them. Full credit to them.

I seriously don't think you can go too far wrong at these prices, the down side is very limited in my opinion. I stick by my comment that if you buy now and hold until Maari you should do well.

Anyway, best of luck to you what ever you decide to do. I'll be here watching like a hawk and i fully intend to let everyone know if they do take off.

Merry Xmas to you.
 
Bignote - Fundamental information (needs more than a few words)

This is my opinion and you should know there are no guarantees in this game. I would encourage you to read the annual report and other releases to gain a full understanding.

However, the main things are

1. SPC (Singapore Petroleum Company) has been slowly accumulating shares in the company and now owns about 12%. I think they have Cue in there sights and you will see their holding increase further. If they continue to increase there holding it will put upward pressure on the share price sooner or later you will see it take off.

2. They have recently begun producing oil from Oyong and this provides them with cash flow to fund other projects. The key here is that they have based their projections on oil being about $55.00 per barrel, they are getting about $80.00 a barrel (or more), so returns will exceed projections.

3. They already have a steady income from SE Gobe field, although this is in decline it is still going to provide income for some time yet. The planned Cobra-1 exploration well in this area, if successful will provide further oil.

4. Juruk - This well was a disappointment for the company and has been written off by the market, however, although this discovery is complex i would not be at all surprised if a well is eventually started here and it does provide some income for the business.

5. Joint Ventures - The company has recently entered into a couple of joint ventures that seem to offer very good potential for discovery. The good part about these is that other companies have taken on the bulk of the expense. It will be interesting to see what is found.

6. Maari - The BIG ONE - towards the end of next year this is going to begin production and when it does Cue's revenue will increase significantly. If you consider buying, i think this would be your main trigger. This is why is have bought into this company. This will more than double production and when up and running production will be 5 x 2007 production.

7. Gas - In 2008 - 2010 they will begin to produce large volumes of gas. The indonesians have already agreed to buy a significant quantity of this.

8. Price of oil - Its high and i dont see it dropping back any time soon..........

There is more but these are the main ones.

Hope that helps. JW
 
Ms WaBBit,

I did not buy anymore. I would have if I had noticed that the sales at 0.195, but I was engaged in a "spring clean" of my portfolio - getting rid of a lot of marginal stuff I had held for a while , and had done bugger all . The only one I am left with is MON which is a trading halt at present.

I have big chunks of CUE , IGR and NMS and these apart from real long termers like WPL and BPT are the only stocks I hold now.

Not much excitement , but I have heaps of cash if things go pear shaped in the US .

I can be tempted though , and if I notice CUE around 0.195 again , I will add some more to my holding .

Like you , I see a bright future for CUE. I originally bought in at 0.142 , but since then have been in and out a bit . Now I will hold for mid term . I figure , if it's good enough for PC , it's good enough for me .

Do wascally wabbits celebrate Christmas ? If so , I hope you get some nice cawwots .
 
At 14.2 you can't go wrong, your like me, its just a matter of sitting back and being patient while it all happens.

You might have a chance at getting some at 19.5 but you would need to leave an open order in the market and hope they pushed down on a day when negative sentiment swept through the market. They have been swinging with the market recently.

I think trading them is a reasonable tactic. I plan on trying some trading myself but i am reluctant at this stage because i think it can't be long until we get an increase in price. Once we get the next significant price increase, say towards 30 cents or more i will consider.
I have held for over a year now so i want to maximise my CGT advantage.

I was thinking about this the other day and trying to come up with a trading tactic. I was thinking that i will use 50% of my shares to trade and divide this into 8 bundles of shares, i will put sell orders into the market 2 cents apart that way if they do suddenly take off i will be selling into a rising market and will still have 50% even if they all sell. Then once sold i will immediately place a buy order 2 cents below what i just sold at. Could even use a conditional order for this?
Just a idea at this stage but i have begun to think about my exit strategy.

SPC are smart operators and they are still picking up large quantities of shares at great prices. Why on earth anyone would sell at 19.5 with all the things coming up in 2008 is beyond me, all i can say is well done SPC!

If SPC tries a take over maneuver that will really spice things up and i can only dream of such a situation............that would be very nice.

It still surprises me that the market does not seem to have caught on yet and SPC is just soaking up volume. Each day i think to myself, sooner or later, sooner or later the penny is going to drop and when it does, with the volume already extracted from the market it will be a formality.

Until then, i have all the patience in the world. I am comfortable to see the price move about a bit and not at all phased, i am here for Maari at least.

It will be good having you around Jigalong and it will be interesting to see how we go over the next year.

JW
 


Hi folks,

CUE ..... looking for Friday's strength to continue next week,
as two significant and positive time cycles come into play:

24122007 ... positive news expected here

27-28122007 ... minor and positive light on CUE

04012008 ... negative cycle ... finance-related(???)

07-14012008 ... strong rally expected here ... with significant
news, around 11-14012008 ...

25012008 ... minor cycle

29012008 ... minor and positive ... finances(???)

14-22032008 ... underlying negative cycle

25032008 ... positive spotlight on CUE ...


have a great weekend

paul



=====
 
The quick moving average is about to cross the slow moving average in a positive direction, it will be interesting to see if we go for a bit of a run?

Looking good people, sellers are drying up and the buyers are building, looks like we might finally be getting ready to make the next push.

JW
 
thanks Jessie

your comments were far more useful and informative than the web site or the ASX.

it certainly looks to have potential - i will keep it on my radar.
 
Good summary J W.
Agree that CUE is good buying on the dips and have been picking up a few these last weeks, whenever SPC leave a few crumbs.
I can't quite work out Todd's place in all of this. They are very astute operators in O&G and don't normally give anything away cheaply. With almost 22% of CUE they hold the high ground in any future corporate moves. Maybe they'll come to some arrangement with SPC or perhaps the two of them will just share the big chunks of CUE.
Either way, I don't see any reason to change my stance at this stage.
 
Hi Oldblue,

Yer SPC have really played a smart game to date, the volume is still going through and i can only assume its them picking them up. The pattern is exactly the same so i am just waiting for the next announcement saying they have further increased their holding.
How many more of these announcements is it going to take before the market twigs, i reckon thats one of the million dollars questions?

It cant be too long.................

However, if you hold on until the market does catch on, you surely would think that there is some upside here.

I'm still baffled that they have been able to soak up such large volumes, we have recently had several days of around a million volume again. The supply must be going to dry up sooner or later.

Todd - another of the million dollar questions.
I don't see them selling out cheaply to SPC. My guess is that they are in for the long haul and both companies will own sizable chunks. We will have the rest!!!
SPC certainly has the money but with Maari only just around the corner (it's 2008 now) surely they wouldn't sell at these prices. They bought at 22.5 (i think it was) so you would think they would be expecting a decent gain on this before they considered selling. Saying that, everyone has a price!

Also Richard G. Tweedie (Chairman, Cue) is the Managing Director of Todd Energy Limited of New Zealand. So Tweedie has a vested interest that Todd profits from Cue, can't imagine him selling out cheaply.

What i reckon he might do is sell a stake of his 22% to SPC?
However, i dont think he will want to give SPC a controlling interest or he will screw himself.
Todd has a 16% interest in Maari and i dont think they would dilute Cue's interest here either?

What ever happens, i see it as being all good for us. Lets hope there is a bit of Biffo and Hustle for control of the business.

Time will tell and we cant be far away from ROUND 1 - looking forward to it!!!

I have waited patiently for a year now, one more year to go, this one should be an interesting one if nothing else.

Look forward to having you around, the room is filling.

JW
 
Todd bought most of their at 22c.

I don't think they are the sellers.

Think CUE just needs some drilling excitement to keep the markets interested.
 
Thanks pk_wasp, couldn't remember if it was 22.5 or 22, too lazy to check...

Agree with you that Todd are not the sellers.

How do i know this?

Because if Todd were the sellers then there would be an announcement that there has been a change in the substantial holdings as required by the ASX. I.E. a reduction in their holdings.

No doubt the shares SPC have acquired have come from smaller punters in the market. By that, i mean from those not requiring to disclose substantial changes to share holdings.

Its still amazing SPC have been able to suck out that volume IMO.

Bring on the news.........................JW
 
Judging on past form, Todds are too professional to just dribble their holding on to the market ( and as J W points out, they would have had to disclose if they were.)
No, if they choose to sell they will line up a buyer/s and do it properly. The fact that SPC are in the market for CUE would have given that opportunity, had they wanted it.
Meanwhile, we're always on the lookout if there's any going cheap!
 
Thanks to all for the intresting reading on this company ( cue ) have been looking for something to diversify into other than gold , have read most of there reports and it does look to have a bit of potential . Hope it does well this year for all . Reminds me a bit of CVN carnarvon petrolem about this time last year. Sat and watched it all year on the watch list and did nothing, but hey am only just learning the game.
 
Looking good guys!

The fast moving average is over the slow in the daily chart. If the fast crosses the slow on the weekly chart then we should really see some action as TA's jump on board.

I'm looking for it to break and hold above .245, if we get that i think that's a significant change.

Sales today at .24, could be some insider hitting the market prior to release of news about the seismic regarding permits WA359P, WA360P & WA361P or purely speculation?
This was supposed to take 18 days and started 14 December 07.

Lets hope SPC has finally drained out most of the easy to buy shares and this is the cause?

Either way, me likes what i see!

JW
 



Hi folks,

CUE ... looking good for a strong rally next week, as a strong and positive
time cycle comes out to play ... see post above ...

have a great weekend

paul



=====
 
Meanwhile, what's happening to the "negative cycle" today, 4 Jan 2008?

Perhaps it will come this arvo?
 
Meanwhile , what's happening to the "07-14012008 ... strong rally expected here ..."

Perhaps it will come this arvo ?
 
Guys & Gals,

Thought Cue held its ground rather well today. Looking back at the last few sell downs we have had and also the last few weeks trading ranges i was wondering if the negative sentiment would push us down around 0.215 cents.
However, there didn't seem to be very much volume there to force the price down and i get the feeling we are running out of sellers below 0.23 cents.

It will be interesting to see what the US does tonight and how that impacts on us tomorrow.

The next two things we should get is the announcement regarding the seismic (hopefully tomorrow or later this week) & also the quarterly report is due out on the 31 Jan.

See this link for reporting dates
http://www.asx.com.au/research/pdf/company_reporting_dates_2008.pdf

I'm hoping for some juicy info in the quarterly report in relation to revenue from Oyong and also that revenue for this year should exceed projections due to higher oil prices.

These two factors are also most likely responsible for the recent rise and also reduction in volume as investors wait to see the outcome.

Until tomorrow..............waskily wabbits
 
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