CXY - Cougar Energy

[james99]

Whats going on with CXY's website????? there dosen't seem to be any recent news? its all dated back in 2007.

Have they been active and productive?

Does anyone know when they plan to run any UCG GTL trials? dates or resources known?

Cheers

Mak

Mak

As I understand it:

1. there will be an updated wesite (just as Mee did in the latter part of last year).

2. the managing director (who was involved with Linc Energy at startup) was I understand involved in a successful trial burn in 1999. He is, of course, Cambridge educated, a matter giving him some UK credibility.

3. there is, I suspect, a need to secure funding for a plant (a matter made much more simple given Mee's funding and the PWC report etc, not to mention the Aust. gov. carbon policy and overseas interst).

4. my suspicion is that given that the technology works, CXY will not have a trial plant, but instead seek to built a full scale plant (eg as foreshadowed in Pakistan).

5. yes CXY has been active, in Au and the UK.

As for your subsequent question, I think in percentage terms from its cap of $50 mil and curent SP of .13, CXY will gain a greater percentage than Mee, in the short term (it will not take much good news for CXY to re-rate; whereas a hiccup for Mee in the trial process could set it back briefly), then it will depend on each company's success, but think both CXY and Mee have very good prospects (as do a couple of others). I have provided reasons in previous posts.

 

[james99]

Whats going on with CXY's website????? there dosen't seem to be any recent news? its all dated back in 2007.

Have they been active and productive?

Does anyone know when they plan to run any UCG GTL trials? dates or resources known?

Cheers

Mak

Mak

As I understand it:

1. there will be an updated wesite (just as Mee did in the latter part of last year).

2. the managing director (who was involved with Linc Energy at startup) was I understand involved in a successful trial burn in 1999. He is, of course, Cambridge educated, a matter giving him some UK credibility.

3. there is, I suspect, a need to secure funding for a plant (a matter made much more simple given Mee's funding and the PWC report etc, not to mention the Aust. gov. carbon policy and overseas interst).

4. my suspicion is that given that the technology works, CXY will not have a trial plant, but instead seek to build a full scale plant (eg as foreshadowed in Pakistan).

5. yes CXY has been active, in Au and the UK.

As for your subsequent question, I think in percentage terms from its cap of $50 mil and curent SP of .13, CXY will gain a greater percentage than Mee, in the short term (it will not take much good news for CXY to re-rate; whereas a hiccup for Mee in the trial process could set it back briefly), then it will depend on each company's success, but think both CXY and Mee have very good prospects (as do a couple of others). I have provided reasons in previous posts.

 

[LittleMak]

Thanks for your response James, thats very interesting indeed.

I will be keeping an eye on these guys awaiting more news, ready to pounce.

 

[motorway]

The large pattern defined by the larger objective

In a particular style of P&F is a "Fulcrum" pattern
of a type called

Duplex Horizontal

The left side is a well defined "base"
With price activity generating little volume

That lack of volume speaks ( on occasion ) volumes..

Accumulation finds little to accumulate
or in a truer sense , little company ...

The left and right side are separated by a

"Mid Pattern Rally "

Of trading range amplitude...

On the Right side We have a (huge) jump in volume , in participation.
aggressive accumulation and the "noise" of short term traders
( short term compared to those active in the earlier phase and still ? accumulating)

The stock is gathering a following

Short term trader behavior sets up
patterns of an expanding pattern ( cobweb )

Their own noise feeds back
and causes herding and gapping

Whip sawing..

However , the liquidity generated
acts like a conveyor belt
speeding up time
( transaction & volume, speed )

laggard traders particularly
buy on the bulges
and transfer stock back down.

They help build support
and clear the way for mark up.

We see
Huge ( relative ) Volume activity along the .09 "line"

A Successful Test, here
and it would suggest
Accumulation is in a more aggressive phase still.

Then I would anticipate
a good move


I hold

DYOR

motorway

 

[moneymajix]

Thanks, motorway.

Sp. is still under all time high.

This seems very cheap compared to a share like LNC (near $3).

 

[james99]

It is maintaining excellent volume and appears to be testing an upward move. If Mee and Linc are examples, such a move, if and when it happens, could be swift. The oil price in the US spot overnight, testing US$128 but then easing slightly, coupled with analyst reports that oil is espected to spike higher, can only help.

One of the advantages that CXY and MEE have (aside of course from being in the UCG sector generally) is that they are the only two mentioned (aside from Linc Energy) in the PWC report commissioned by Linc. Linc continues to tout itself and that report in the USA and there must be a good chance that at least some of those who read it will also wish to take a share in CXY and MEE. In short, Linc is doing them no end of favour with its international roadshow.

 

[mick2006]

Further excellent news out of the UCG sector this morning with MEE having an over subscribed placement to help develop/test their UCG project, goes to show that there is plenty of money willing to invest in this new clean coal technology.

CXY is likely to be the next company to significantly benefit from the surge of interest in UCG projects with the company already in discussions to arrange funding for their Kingaroy UCG project. And judging by the reaction to both MEE and LNC recently any positive funding news will send CXY running hard.

CXY will also benefit by having exposure to not only Australia but the massive reserves of both India/Pakistan.

 

[redback]

This is starting to see some very good support now after the pull back last week, over to you Dr Len--say something--anything.

 

[mick2006]

Earlier today I fired an email off to Len to try and find out the timeline involved with the trial burn. Will let everyone know what I find out.

Must say though the funding agreements arranged by LNC and MEE recently will certainly help CXY in negotiations, as it shows there is plenty of money that wants to find a home in the UCG space.

 

[redback]

It should find plenty of support in this sector, not too many others advanced as the top three, looks like someone is expending a lot of time and energy trying to hold it back today though.

 

[mick2006]

Well just received a response from Len Walker and for obvious reasons he couldn't give too much away, but he was able to confirm CXY are in advanced negotiations for funding for their Kingaroy UCG project, this is significant once the funding is arranged the shareprice is likely to undergo a significant re-rating much like MEE has recently.

 

[Dukey]

bought some CXYO last week after a little research on Cougar and Len Walker - who was involved in Linc from the early days and his continued involvement with the canadian company Ergo who were part of the original Chinchilla trial done by Linc when Mr waker was still with them.

The results of that trial make interesting reading - and are on cougars website here: http://www.cougarenergy.com.au/PDF/2001_gasification_conf.pdf (just in case anybody isn't already aware of that - note the 'Linc Energy' name on the cover!!!)

... on a side note - it would be very interesting to know the story behind the split between Linc and walker/ergo which seems to have happened sometime after the trial was successfully completed?! Any ideas there folks?...james?...mick?...

Anyway - great sector to be in and with the experience CXY holds, I expect a bright future, along with LNC and MEE.

g'luck all - Dukey.

 

[mick2006]

another massive volume day for CXY today, with the shareprice blowing through previous resistance at 15c to hit a day high of 15.5c before a bit of a late day bout of profit taking.

Judging by the continued buying above 14c today this may become the new support level for the next run higher.

As I posted earlier I had discussions with Len Walker today in regards the funding for the Kingaroy UCG project, although keeping things close to his chest he revealed that CXY was in advanced discussions and to keep an eye out for an ASX announcement detailing the completion of negotiations. So by the sounds of it we won't have to wait long now.

It was also very positive to see MEE have an oversubscribed rights issue announced today, which goes to show that there is plenty of money wanting to invest in UCG development.

Where CXY has a wildcard over LNC and MEE is the joint ventures in India and Pakistan with both countries needing huge increases in power generation and also have large coal deposits available for UCG projects.

Using MEE and ICN as examples it looks like CXY has consolidated recent gains and is looking to head higher, and with funding/trial burn news on the way it might not be long before we hit 20c+

 

[LittleMak]

Just wondering if anyone knows if there is a connection between CXY's - Mr Len Walker and MEE's MD- Ian William Walker ? Brothers/cousins perhaps?

 

[Djayness]

Just the same person leading a double life

Or maybe a coincidence? pretty big coincidence if you ask me lol

 

[mick2006]

Not sure about the two Walkers being related but i'm certainly very happy having Len running CXY, given his vast experience in the UCG sector.

Interesting to see all the sell depth at 14-14.5c has been pulled overnight, might have seen the classic cap/accumulate going on yesterday arvo and if the brakes are released it might go on a bit of a run today,

 

[redback]

Oh Dear,
They were props after all, hidden sells coming out now, disappointing games going on here, these 500k players are at it again by the looks

 

[mick2006]

I think it just a consolidation day for CXY today, looks like ICN is catching the headlines in the coal seem sector today.

with the trial burn/news of the funding package for development of Kingaroy just around the corner CXY will build up momentum again, if anything it is easier to accumulate on days like today.

 

[desolator]

Oh Dear,
They were props after all, hidden sells coming out now, disappointing games going on here, these 500k players are at it again by the looks

wow.. this sucks.. we had good market depth this morning as well... i hate how this can happen! will just have to see how it goes. another chance to top up maybe.

 

[redback]

This trading could of course be deliberate, it is certainly being manipulated, one of the scenario's could be to prop the price for the coming placement, maybe to one of it's partners, there looks to be one or two large players involved, or to keep the price around these levels for at least 5 trading days, which would be quite reasonable a price to management, considering the recent past weak SP performance.