ESG - Eastern Star Gas

growing · 1 February 2010

Haha, yeah people are just idiots!! (The sellers I mean!!)

There will always be people selling out of fear despite the individual company results and/or news.

"Look everyone XYZ Ltd has just found 10 trillion dollars worth of GOLD under one of their properties" In a market like this people will sell anyway -- IDIOTS I tell you!!!

I've just come back from New York City, the most densely populated city in North America -- People are infesting the place -- hoards and hoards of them - makes you feel so small and makes you realise your own smart decisions will mean nothing when the masses all follow each other en mass for seemingly no aparant reason.

Enjoy being HUMAN !! - lol

malachii · 1 February 2010

Got to admit - I'm a bit surprised that with the quality of the announcement the shares ended the day down 2.5cents. Just goes to show you can't second guess the market!!

malachii

Dukey · 1 February 2010

growing said:
Haha, yeah people are just idiots!! (The sellers I mean!!)

There will always be people selling out of fear despite the individual company results and/or news.

"Look everyone XYZ Ltd has just found 10 trillion dollars worth of GOLD under one of their properties" In a market like this people will sell anyway -- IDIOTS I tell you!!!

I've just come back from New York City, the most densely populated city in North America -- People are infesting the place -- hoards and hoards of them - makes you feel so small and makes you realise your own smart decisions will mean nothing when the masses all follow each other en mass for seemingly no aparant reason.

Enjoy being HUMAN !! - lol

Mmm - amazing! Blood on the streets today - across my watchlist anyway...:shoot::cowboy:

... even AOE has been pummelled.

Am I game enough to buy?

grace · 1 February 2010

Dukey said:
Mmm - amazing! Blood on the streets today - across my watchlist anyway...:shoot::cowboy:

... even AOE has been pummelled.

Am I game enough to buy?

I've been watching the techheads and a break below 4500on the XAO seems the bear mark. Watching this carefully. Sorry, back on topic. A brilliant upgrade in any case - plenty of gas in that there coal!

I thought it was at least worth a rise though - even on a bad day (I've picked it in the stock comp....so I was really hoping). Can't win a trick at the moment. Back to the drawing board.

growing · 3 February 2010

I guess when you have a high dilution of shares like with ESG, you will get more people owning the stock. More people means for a more volatile price. Why ??? Well it's the "human factor".

Nice rise on the DOW last night and a good rise on the All Ords today *whew* a chance for that announcement to take hold !?!?

Oh WAIT ???? Back down we go to 77.5 cents!!!The "human factor" always lets you down - lol.

pointr · 3 February 2010

Eastern Australia currently doesn't have a shortage of gas if my reading and memory serves me well. As various CSG projects ramp up there will be more gas available. I still think it will only be when all systems are go for the QLD LNG export facilities when the next upward rerating will occurr. Domestic customers will need to compete with export customers for the same energy, in addition the exporters may want to secure more feed for their gas plant investment. Another possible scenario could be a downstrem energy retailer wanting to protect their supplies at todays prices who might want ESG's assetts. So I think the longterm prospects are good but we may wait a while for a big pay day - and hopefully not anymore dilution

pointr · 5 February 2010

Attached is a url http://www.asx.com.au/asxpdf/20100204/pdf/31njn1k0r8bksw.pdf to a presentation made by a Santos senior manager to the Melbourne mining club yesterday. The announcement was also released to the ASX yesterday. A very positive case is put foward about Australia's gas resources being in a good place and time with our proximity to the Asian economies. So again good long term stuff for the Gunnedah Basin gas reserves, but I don't think it will stop today from being another ugly day on the markets

basilio · 5 February 2010

The risk is that a serious loss of confidence in the stock markets would remove the floor from many share prices - regardless of assets in the ground. That would open the way for some very opportunistic buying by companies like Santos that already have established cash flows and want to secure long term asests at dirt cheap prices...

growing · 5 February 2010

In this market if SANTOS buys me out for $1, I will reluctantly accept I'm affraid!!

Retirement postponed for yet another 12 months -- Aaaargh !!!

Dukey · 5 February 2010

growing said:
In this market if SANTOS buys me out for $1, I will reluctantly accept I'm affraid!!

Retirement postponed for yet another 12 months -- Aaaargh !!!

Jeeeze... I hope they keep their mits out of it. I'm looking for fair value!... though a bidding war might get us somewhere close. Hasn't been one of those for a while now though. was going to say that times are different now to when the PES war was going down - but I seem to recall the market was tanking on and off then too?
... who knows.

- "Patience grasshopper" - has become my mantra.

growing · 8 February 2010

That's IT !!! testing stupid lows at the 71cent mark -- I bought a nice parcel today

The market can go wallow in its own short term fear while us long term players count our profits when our time comes -- hehehehe On second thought Santos can't have my shares at $1 - lol

Dukey · 8 February 2010

growing said:
That's IT !!! testing stupid lows at the 71cent mark -- I bought a nice parcel today

The market can go wallow in its own short term fear while us long term players count our profits when our time comes -- hehehehe On second thought Santos can't have my shares at $1 - lol

Well done! that there is good buying I'd reckon - and maybe great timing with the chart folk seeming to think a rebound likely. no guarantees in this business of course... but all the best with ESG anyway. -d

malachii · 11 February 2010

Good to see this share starting it's comeback. 78.5 today although seemed to be be on fairly light volume today unlike the last couple of days so that is a bit of a concern. Have too admit to picking up a couple of sizable chunks when it fell below 75 and down to 71.

I think this presentation has brought it back onto the radar of some big investors.

malachii

PS I own a sizable chunk of shares in this company. All my opinions here are very biased. Please do your own research!!!

growing · 16 February 2010

Yes it's coming back slowly but surely -- more news today which seems to have gone down well! Something I have noticed though with this stock look at this:

110 buyers for 1,237,310 units 203 sellers for 6,666,495 units

from Commsec ... for some reason ESG has ALWAYS had a stupid amount of sellers versus buyers. Yes, sure you might expect that once in a while with people trying to "manipulate" the price with false supply/demand impressions..

It has been like this for a good 12 months solid, the price has fluctuated up and down despite the huge sellers versus buyers which suggests it is indeed someone or some group purposely throwing in lots of units for sale but keeping them out of reach of an actual transaction

Hmmmm a plot maybe ??? - lol

malachii · 16 February 2010

Seem to be banging up against that 80ish resistance level again. If we can break through that I think we'll be looking somewhere up in the mid 90's again.

I've never met a company that can come out with absolute corker announcments and yet get such a mediocre response from the market. It'll be interesting to hear what they say at the ASX small company briefing that they are giving soon. Might stir a bit more interest and build on the extra trading that seems to have come through from the Singapore briefing.

malachii

growing · 16 February 2010

malachii said:
Seem to be banging up against that 80ish resistance level again. If we can break through that I think we'll be looking somewhere up in the mid 90's again.

I've never met a company that can come out with absolute corker announcments and yet get such a mediocre response from the market. It'll be interesting to hear what they say at the ASX small company briefing that they are giving soon. Might stir a bit more interest and build on the extra trading that seems to have come through from the Singapore briefing.

malachii

They need to market themselves that's for sure -- beef the price up ahead of a pending move by Santos

malachii · 23 February 2010

Wow - fell off a bit of a cliff today! No news so not sure what has triggered the sell. My own opinion is that it is more a "lack of buying" than anything else as there has been no more news since the presentation in Singapore and HK. With them presenting at the ASX Small to Mid Caps Conference in NY next week and we are due for the drilling report next week and them sitting near the 70cent support as well I think this (in my opinion!!) might be a good time to pick up some more.

malachii

PS - I OWN ESG SHARES AND AM BUYING MORE SO MY OPINION IS VERY BIASED! DO YOUR OWN RESEARCH!!

pointr · 23 February 2010

Around 3 million shares changed hands today to produce todays little tumble. On Comsecs site, still buyers for 2.2 million shares and sellers for 8.2 million shares, on their little 'depth' screen all the sell orders aren't visible. Does any know at what price the bulk of these sellers are at and if they keep moving ahead of the shareprice???

growing · 24 February 2010

pointr said:
Around 3 million shares changed hands today to produce todays little tumble. On Comsecs site, still buyers for 2.2 million shares and sellers for 8.2 million shares, on their little 'depth' screen all the sell orders aren't visible. Does any know at what price the bulk of these sellers are at and if they keep moving ahead of the shareprice???

Heheh Santos trying to scare people with a false sense of supply and demand - lol (DW that statement was for the conspiracy theorists)

ALTHOUGH, I did see this article on my internet travels (was dated in December 2009 though)..Aaargh, it's a huge link but it is also posted on this guy's blog: www.stockanxiety.com

It was a funny read, he is very disenchanted with the whole energy sector and is writing about it - doesn't tell us anything we don't already know though but he does hold a lot of the same shares I do.

Wildlife dying from the "toxic" Coal Seam Gas water ??? The tree hugging Greens are at it again - :S

Anyway, none of this should be affecting the share price........... Soooo WHAT GIVES ???

tunrida · 24 February 2010

bye-bye, cheerio, good day, good-bye, so long, adieu, adios, arrivederci, au revoir, auf wiedersehen, bye, farewell, below 70c

ESG - Eastern Star Gas

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