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ESG - Eastern Star Gas

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tunrida said:
bye-bye, cheerio, good day, good-bye, so long, adieu, adios, arrivederci, au revoir, auf wiedersehen, bye, farewell, below 70c
Click to expand...

HUH?????

My screens show it never traded below 70.5cents. 960,584 shares of the 4,408,521 total shares traded was at 70.5cents.

malachii
 
OH My GOD

GUYS!?!?!

This guy claims to have contacted ESG's CFO and got a response back from him regarding the current state of the share price which he has POSTED on his bog

http://stockanxiety.com/

Interesting ..... I wonder when the CFO says "corporate activity" he could be hinting at a SANTOS move ? - ha!! On the other hand my imagination is possibly running away with itself again.
 
If believed, at least he got a reply, I sent an email to AJL CFO for clarification of a matter about a fortnight ago and am yet to see a response. I agree with the points mentioned in the blog, the sector and ESG need FID on some QLD lng projects and or some corporate activity. Time to take a look at the open, expecting nothing pretty Friday and a down day overseas.
 
Re: OH My GOD


Hi Growing

I followed the weblink to find out the GUY who contacted ESG CFO.
Interesting the GUY has not published his own identity, purpose of the website, his interest and publishes lot of anxities through his web link. He asks people to send him query to be replied. But no one really knows who he or she is.
I sent him a query asking him or her to publish real personality behind the weblink. Otherwise it could be a illusive act by the person behind the website.

What do you rekon ? Any honest comments will be welcomed.

Incidentally he or she has focussed on ESG so far and that is why I am posting it in EsG thread.
 

I think you would bled to death by now Pointer.
That was a sp of around 88c back then & now you can subtract a further 20c off that figure.
Santos in hind sight look pretty silly buying in at $1 (as well as yours truely) with the current price of around 68c.
How low can you go is the big question now.
 

A bit philosophical question.

Companies like Santos buy ESG at $1 and by sheer volume of their wealth and shareholders grace they get away with the loss. Their CEO still gets a hefty bonus and move on. People who follow their trend sell family jewels and after buying ESG at $1 thinking Santos has some brain. Unfortunately those people tend to sell their garments to survive the loss.

Rio Boss declines to sell the shares to BHPB and make huge losses to the company. He still does not get a sack and earn his bonus. People who lost the opportunity and bought the shares at high price get their belly busted.

Million dollar question is why ESG is receeding ?

There was no such adverse report to support the back trend.
 

Hi Miner

Yes this ESG thing is in a shocking state!! Low of 64.5 cents ??? What the hell ?? Hardly ANY buyers and a TRUCK load of sellers??? -- the All Ords is up today yet we are suffering horrible share value declines in ESG and for no apparent reason ??? I went back to look at that www.stockanxiety.com site and I saw your comment - lol He or she replied to your comment, I don't know but I have no reason to think he/she made up the CFO thing (looks like a he) -- The questions look reasonable and so do the answers. The best thing to do is to sit tight and wait for some kind of real NEWS to justify this stupid and sudden decline in the SP.
 

Sit tight did say?
The way the markets going with this one i wont have anything to sit on!!!
Shouldn't there be announcement to explain why the continual decline?
 
its a long term trade this one
hang in there
they have all the right stuff and connections so.................
 
blackjack said:
its a long term trade this one
hang in there
they have all the right stuff and connections so.................
Click to expand...

Im in this for the long haul too, I cant afford not to be now. There has been no news to force a drop in sp, as often it has risen without news also, so one would expect a stock with good fundamentals to jump back up again. People are like sheep and follow in both directions, lets just see if theres some good news around the corner to kick start us in the right direction... perhaps a good time to top up to bring down the average. Regarding one of the previous posts, I cant see why a ceo would answer such important questions to one shareholder, but then what the hell would i know.
 

Ha, well I have news -- it was the CFO -- Mr Ian Kirkham. I filled in that guy's "contact me" form at www.stockanxiety.com AND I had a pleasant exchange with him and he forwarded me a copy of the email, BUT on the proviso of confidentiality.

I will honour his confidentiality HOWEVER I will say he contacted Ian, representing a large group of shareholders. So based on the email I have in my possession from the "Stock Anxiety" guy and our friendly conversation, I am convinced it is the real deal!! I'm going out on a limb telling everyone this and PLEASE don't bombard the guy for multiple copies of this email he might get annoyed with me :S

But I like to set records straight and given the STUPID drop in this share price I feel obliged to share everything I have. I will also note though, a general big drop in shares accross the entire energy sector soo I don't know what else I can say except I'm not worried and I'm going to continue to wait
 
This coming week will see the release of news that will either confirm the drop or drive the price back up. We should see the release of the drilling results and also the presentation at the ASX small and mid companies conference in NY. Hopefully all will be revealed!

malachii

PS - I OWN SHARES IN ESG - MY OPINION IS VERY BIASED!!
 
Hesus!!!!

my pc dies for a couple of days and look what happens! AOE has taken a pasting lately also - Does it have anything to do with Origin/QGC-BG teaming up?: just had a look at that blog... even the first post reveals a load of bollocks.- the guy is either a panic stricken novice.... or intentionally down-ramping. .... I mean suncorp???? !!! you'd have to be mad IMO!

...IGNORE!

EDIT
 
my pc dies for a couple of days and look what happens! AOE has taken a pasting lately also - Does it have anything to do with Origin/QGC-BG teaming up?
Click to expand...

Dukey AOE has fallen due to the uncertainty about how they will fund their LNG plans and some thinking a capital raising might be on the cards.
 

Dukey

How are you

Are ESG and AOE related ?

If not, should not the post on AOE be in AOE thread
 
The collapse of ESG SP in the past 6 weeks really bears some examination.

We just had the release of the last reserves - massively up. On almost any objective basis this should put a floor under the share price - in fact a rising floor.

But the reverse has happened with huge volumes of sales forcing the SP down, creating anxiety amongst shareholders, significant doubt about the future of the company and sharply reduced expectations about ESG's value

We also note that Santos bought a big slab shares at $1. This would have led many investors to be confident about the long term value of ESG and perhaps a juicy takeover (ala PES)

So what could be possible explanations for this sustained selling pressure ? (all totally hypothetical)

1) The ESG gas reserves are largely fiction. In fact they have just disappeared into the ether and will never materialize.

2)There is concern in some quarters that the rapidly rising gas reserves are pushing the price too high and that long term strategy dictates that ESG doesn't become a PES situation.

3) There is a concerted short selling effort to drop ESG and make money by both buying back at lower prices in the short term AND taking a position in a very valuable company for the longer term.

All hypothetical but unfortunately the behaviour of the shares in the past 6 weeks is only reinforcing my view that the main game in the stock market is short term gambling rather than considered medium/longer investing

Any thoughts ?
 

Well, it is interesting to note with ESG at 66.5c I would have ALSO been better off throwing my money in the banks 12 months ago, so the medium/longer term investing attitude would have worked perfectly in that scenario (a view also shared by that stock anxiety guy's blog). It is just purely bad luck I picked the wrong share to park my money in for the past 12 months since March last year

Dukey, I hear what you're saying about that guy's blog he seems a bit of an amatuer but he certainly got an email from ESG's CFO when the SHYTE was hitting the fan The CFO's comments were not negative, I don't think the blog is down ramping - he is just as you say over-anxious - especially about his ESG shares but then arent we ALL after this horrible week? haha. If we are to take Ian's comments on board, he talks of "complexities in converting the Coal Seam Gas into LNG weighing on the sector as a whole". So maybe Arrow's decline is not just about the capital raising issue. I think these complexities will be sorted out by the major players in time i.e Origin, Santos, AGL, BG etc etc so the negative sentiment wont be around for long At 66.5 cents there is good buying to be had IMO.
 
Miner said:
Dukey

How are you

Are ESG and AOE related ?

If not, should not the post on AOE be in AOE thread
Click to expand...


..... the post was about the fall in sp of both ESG and AOE - which I think are related (though maybe i didn't express that well enough).... the companies are NOT related... but I think their recent performance may be related.

I'm really not that concerned by esg's recent performance - surprising as it is... more concerned with people panicking, or paying attention to panickers.
-----------
As for your other question - I'm bored!... but thats another story, for another time and place.
 
ESG was bought by Santos at $1.

There is a clause to pay 100% of difference to HGO should Santos buy ESG when the price of ESG exceed $1.

There is another clause to pay 50% of the difference should ESG be bought by any one else and ESG priced at more than $1.

With the above two clauses does it mean that Santos has an exit clause on ESG ? I do not know and asking question here.

Most hypothetically there is an exit clause for Santos to cancel the deal with ESG because the price of ESG is now much much below $1, does it correlate the price fall of ESG recently.

It is pure speculative thought not having read the terms for purchase of ESG by Santos. All I am trying to see if the world sess it, Santos would not be a fool to strike such a too good deal to be true with ESG. I will be extremely happy if such speculation thought be hammered by others as wrong.
 
I have been away from my screen too and got quite a surprise to find it back in the 60's.

However, if I was going to take over a company, I would wait for the share price to be depressed before making my move. I guess that is why I will hang in there.

I see a sharemarket bear as a time for opportunity for the strong.

I would not be surprised if Santos make a move when despair hits our sharemarket again. Just my opinion, and I could be totally wrong.
 
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