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CUE - CUE Energy

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this is in a classic ascending consolidation pattern (flag) and is strongly primed to lift to 28c where it should undergo further consolidation

however, take care as I was wrong one before
 
Good morning J W.

Couldn't access that link - " ..... link no longer valid".
Interested in anything connected to CUE and wondered if you could please briefly summarise the info?

Many thanks
oldblue
 
V good. Thanks, J W.

Yes, would like to think that CUE would be keeping us informed about such developments.
 
Hey all,

I have some more news for you about Cue, hot off the press..................source to remain confidential.

Cobra 1 should begin drilling later this month in PNG

MEO release that i posted above will be added to Cue announcemnets not sure when, maybe tomorrow?

Price is very sideways at present and it would appear SPC is taking a breather from buying.

So with that, lets watch the price towards the end of January and see if an annoucement follows about Cobra 1. Will post if i find out anything else.

JW
 
Singapore Petroleum Company have again increased their holdings to 12.83% from 11.75%

It seems to me that their accummulation of shares is a great sign and a vote of confidence for the assets that CUE have...

benwex
 
Well, i was wrong about SPC, i thought they had taken a break from buying but seems as if they are just as keen as ever.

What a wild week its been, decided i would stay long and ride it out. Probably a mistake in hind sight because there would have been an opportunity to sell a few parcels and then pick them up at a lower price. Not to worry, happy with my position.

I can only speculate that SPC picked up a few bargains this week, with a few million going through.

The way i am looking at it is that is just another positive and we have shaken out another few million which further reduces the volume on market. Hoping nearly all those sales the past week have gone to SPC, fingers crossed.

If that is the case, its good news because it means there are less in the market willing to sell at the lower prices.

Looking for some news either late this week or next week, before end of month. We have the report due out soon as i mentioned earlier.

Anyways, interesting times ahead, its great to see some action it brings those financial types to life.

Back to a cold beverage, kicking back and waiting for Maari.

Dont ya just love a bit of panick selling.................

JW
 
Its been one hell of a crazy month on the markets...........

Just checking the CUE chart and the fast moving average looks like it might cross the slower moving average on the daily chart tomorrow, it will be interesting to see if we get any TA traders jump on board and spike the price?

Looking at the volume, we seem to be slowing to a trickle at present and the average daily sales volume over the past year is has reduced.

In the market depth the sellers seem to be drying up and there are not many for sale all the way up to 22.5 cents.

Unless the US markets get savaged tonight i would say tomorrow is looking like we should see prices on the move upwards again?

From the Quarterly Report

There is some serious money flowing in from Oyong now, 7.4 million last quarter alone.

Other projects seem to be tracking well, but most importantly we have loads of money in the bank and plenty more flowing in.

First oil to flow from Maari later this year.

SPC is buying and buying, keep up the good work SPC!!!!

All in all, i would have to say i am chuffed to bits with the performace and i think things look pretty good, especailly considering the markets of late.

On that note, Cue has held its ground reasonably well.

I keep saying it, but, sooner or later the market will catch on to this company and we will see a significant price spike.

Until then, ill be watching and waiting.

Life is good!!!
 

Hi Jess

do you think you may be scaring potential buyers off with over-ramping this one - a few burnt fingers after your ramping with CVN which then fizzed after a duster
 
Hey Treefrog,

Not at all, i am just saying it as i see it.

If anyone thinks a waskily wabbit has much influence over prices then they should rethink their investing strategy. Even Roger knows thats just silly talk................

I like it, i think they are doing good things and i also think towards the end of this year SP will increase.

I bought it 14 months ago now, i have 470,000 shares at an average of 12.7 cents. I bought to hold for Maari, thats been my plan from the beginning and still is my plan, as i said from the beginning.

So, i have almost doubled my money since buying, i am very happy with the way things are going. Most likely thats why i like the stock, i'd say anyone who doubles their money in that period of time is justified to be eating top shelf carrots like i am at present!

CVN - not sure where you got that from treefrog, i dont recall posting anything about that stock. Nearly all my posts are in the Cue thread, you must have me mistaken for another sexy bunny?

Check back into the Cue thread towards the end of 2008 and have a chat, i'll be sure to post an image of my portfolio for you. If i do any trading in the mean time i'll post my transactions and let you know how much profit i made.

Even after the recent correction i am kicking ass................like i said, life is pretty good for this bunny.

Nows, back to some banging tunes and then for a swim in the pool.

JW
 
and as an update for holders of CUE

From MEO Quarterly Report pages 2-3

Re: NORTHWEST SHELF OFFSHORE PERMITS WA-359-P, WA-360-P & WA-361

See attached


JW
 

Attachments

  • 00807741.pdf
    125.4 KB · Views: 6

I am obviously a mere learner Jess - haven't yet figured how to buy and hold and spend the paper profits at the same time. I'll keep working on it though.
 
Yes you are correct Treefrog, just a trail of paper profit to date. You will get no agruement from me there.

I'll be sure to post my trades for you as i make them to see if i can turn the money on paper into money in my account. Me's pretty confident there.

I have some advantages, the money is mine so i can afford to lose it but i am also under no pressure with my account position to sell. The stock must fall below 12.7 cents before i am showing a loss and there are plenty locked in above me. I have held for over a year so my CTG is reduced by 50% (me likes tax reduced profits). Last of all, i am a very patient investor, SP will always go up and down in waves but in the end i will profit because i can wait as long as i need to before selling.

Just stick about Treefrog and i assure you i will have no qualms about posting what profit or loss i make.

Words from your own froggy post above
'this is in a classic ascending consolidation pattern (flag) and is strongly primed to lift to 28c where it should undergo further consolidation'

So, i am not sure if you are agreeing with me or disagreeing regarding Cue?

Saying all that Treefrog, i am very disappointed with myself that i didnt make more of the recent SP price fall from 24.5 to 17.5, it goes down as a lesson to me and a missed opportunity.

I will be looking to make a couple of trades before the year is out on over bought SP price rises.

But, most importantly, i have a trading plan and although if i make few trades it will take me slightly away from the original plan, i have stuck to it to date.

And, further to that, what other people say or do has no impact on my own trading. Of course i am interested in what is said and information about the business but at the end of the day i do what i think is right at the time. People must take responsibilty for their actions.

No one knows what the future will bring to Cue, people must decide that for themselves and thats what i love about the markets.

JW
 
Three directors have today notified increases in their beneficial holdings.
May be exercising options?
But all to the good.
 

I agree with you their prospects - fundamentally (not that funds carry much weight in a penny stock) and on the chart, but am concerned that some readers get sucked in by an over confident ramp - there is absolutely no sure thing as you tend to concede. so when I see such, I tend to post a bit of balance where I can

good luck with your holding
 
G'day guys and girls,

Thought it about time for another post on Cue. Almost March already, geez the months fly by, and with each passing month oil from Maari gets that little bit closer.

Last two weeks have seen little change in the price and its bounced around from .195 to .20, rather a boring couple of weeks.

The daily volume is still reducing and i dont expect we will have much action until either some unexpected news comes out of the blue or when the Cobra 1 results come through.

I mentioned a few weeks ago that the fast moving average looked like it was going to cross the slower moving average and it has, however we need some news and volume to act as a kicker.

If someone has access to produce bollinger bands for this stock for the last 6 months can they please post, unfortunately this is one indicator I can not produce and i would be interested to see if it is squeezing.

Anyways, fingers crossed for a good result from Cobra 1.

Should be interesting to see if we get another notice from SPC in the next two weeks notifying of a further increase in holdings?

I wouldnt mind an update on Maari as well, i hear first oil will be late in 2008 but the first oil for sale will not be produced until early 2009. Like a fine wine, just means I have to wait that little bit longer..............

Now back to the party...............JW
 
Hi JW.
Sorry, I don't "do" bollinger bands but its always good to read your enthusiastic posts on CUE.
I'm optimistic too. CUE has a lot going for it, not the least of which is two strong holders in SPC and Todds, the buying by the former acting to keep the SP steady in these volatile times. Judging by the low volumes going through, it looks like they are still happy just to pick up parcels as they become available, which should suit the rest of us very well.

 
Yep, always upbeat Oldblue!!

And why wouldn't you be when SPC have just announced their biggest ever profit.

SINGAPORE PETROLEUM COMPANY LIMITED
UNAUDITED RESULTS FOR THE YEAR ENDED 31 DECEMBER 2007

“SPC chalked up a historic PATMI of $508.3 million in 2007. This is the Group’s best performance to date. Record oil prices during the year also enabled the Group to chalk up record revenues of $8.8 billion. To reward shareholders for this excellent performance for 2007, the Board is pleased to recommend a final ordinary dividend of 40 cents per share. This, coupled with the Group’s interim ordinary dividend that was paid in August, would bring the total dividends payout for 2007 to 60 cents per share.”

It goes on to say...................

While the Group’s downstream operations continued to contribute the bulk of its earnings in 2007, it has also taken further significant steps to grow its exploration and production (E&P) assets. Gross production from E&P assets will grow to 11,000 barrels of oil equivalent per day in 2008 with the acquisition of the producing Bohai oilfields and the oil production from Oyong.

In 2007, the Group successfully accomplished its largest E&P acquisition to date. The growth in oil and gas production will result in higher contributions from E&P activities to the Group’s bottom-line in 2008.

Aside from that, i've decided that i'll be looking for a trade in the coming weeks hoping for a SP rise with the Cobra 1 drill. If we push up towards .024-0.245 i have decided that i am going to push 100,000 - 200,000 shares into the market and hedge my bets so to speak.

That way if Cobra 1 is dry and the SP falls i will buy back at a lower price, if it hits oil, i have 270,000 shares to play with and try to pick the top before we get back to some form of consolidation before Maari.

With the markets being very up and down i think its best to try and take advantage. See what i can do, i'll let you know.

So, should be an interesting 6-8 weeks.

Looking forward to the challenge. JW
 
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