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ESG - Eastern Star Gas

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Hi Grace,
I had the same thought. The drop in SP represents a buying opportunity given that IMO the drop in SP cannot be attributed to any adverse news concerning ESG. In fact the recent news[ ie increase in reserves] should have had a positive effect on the SP. If SANTOS is making a play for more of ESG then aren't they obliged to tell the ASX? And if they are then that should be enough to calm shareholders. It maybe that the current drop in SP has flushed out the traders. DISCLAIMER: I hold ESG & DYOR
 
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 state of AOE is in fact very important for all ESG holders for a couple of reasons:

1) Corporate activity - Although AOE are more CASH rich and have a much larger Market Cap than ESG, they are also partly owned by Shell. A takeover of Arrow by Shell is on the cards and one might talk "when" rather than "if".

2) They represent a more advanced version of ESG's business model with only minor differences. Therefore when the bigger player catches a flu, the smaller players will likely catch a cold. AOE's share price is down, down a lot and IMO represent a good buying opportunity along with ESG (Although with ESG you are likely to get a higher % return due to the smaller SP number).

The CFO's comments of "Negative Press Sentiment" from that www.stockanxiety.com blog coupled with end of month trading pressure is most likely the major cause of the sell off.

I did read another post in Hot copper from a guy who explained the intricate details of day to day trading using some computer software which skirts on the border of being legal. He has lodged a complaint with the ASX and points to ESG as being a victim of this software.

I believe the general consensus is to wait it out, for all you rich buggers out there, you can visit the up and coming CSG conference which goes for 3 days and is held at the Sofitel in Brisbane. To go for all 3 days will set you back $4500 but if anyone is really worried about the sector they can go along and tell us all about it - http://www.csgsummit.com.au/ hehe. David Casey MD of ESG will be there as well as other representatives of big CSG players.

I would dream of the above post to be true (recent trading gets rid of the traders out of the stock) *sigh* we all wish
 
Drilling report in and it's good news. All going ahead as per expectations!!

malachii

PS - I OWN SHARES IN ESG - MY OPINION IS VERY BIASED!!
 
malachii said:
Drilling report in and it's good news. All going ahead as per expectations!!

malachii

PS - I OWN SHARES IN ESG - MY OPINION IS VERY BIASED!!
Click to expand...

Well this guy did something I should have done, he checked ESG against the ASX-200 Energy Share Price Index...

Take a look at the chart: www.stockanxiety.com

I think we can see why ESG has tanked Nothing to do with ESG itself just sector-wide selling!!
 

Hi Growing

Thanks for your reference to stockanxiety.com site. I saw a brief chart there but I am not clear where the comparative chart is located.


Incidentally I noticed the guy who runs the very website has been posting a lot on ESG and at the same time claimed his site being an entertainment site for removing his anxiety. Interesting disclaimer to avoid any fall back.

What is more interesting that even the site meant for his (Mr Paul Something) entertainment only he manages to get advertisement and ASF readers are getting his free publicity here too.

ESG has gone some rise today which is a good sign and let us see what RBA decision makes to ESG and other stocks on Tuesday.
 

Hi Miner,

Yes the chart he posted there is the ASX Energy 200 Index. To compare, anyone can check any of their energy stocks against it. It does not only apply to ESG. Miner, the guy is not evil he is just an amateur Blogger of which there are millions out there. He happens to be following the ESG stock closely because he presumably owns a chunk. I think if he was out to make money, he would comment on a wider range of stocks - it looks to me like he is doing it for his own personal purposes and people can choose to follow him for entertainment purposes only. It doesn't matter if ESG holders have him on their radar or not but I say, the more information you have access to, the better. I have had correspondence with him and obtained his email from the CFO of ESG so he is nice enough. Also the traffic or publicity he is getting from here would not be very much at all and whatever he does get he can take credit for, after all he made the effort to contact ESG when none of us did
 
Looks like the selling pressure has eased and buyers are returning. I think it's a combinations of things including:
- The drilling report being released on time and containing good information

- The recognition by the wider market the sector and this company have been oversold

- Early buying in anticipation of the briefing in NY tomorrow night (Aus time) with analysts and fund managers.

Should be a good end to the week and building to a good week next week with any luck.

malachii

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


Hi Malachii!!

Yes, there appears to be volumes massing on the front line which is encouraging. It hit 69.5 cents yesterday before falling back again though It just can't seem to get any real legs however I've also been watching WCL who released big news (corporate activity) lets see if this has any flow on effects
 
Yeah - timed that comment to perfection. I reckon that as I hit submit the price tanked and started dropping.

malachii
 
Good to see the share spike today - particularly as it held it leading into a long weekend (or is that only a Victorian thing?). It's good to see the pickup from the briefing - should lead into a good week next week.

malachii

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

That stockanxiety.com guy talks about possible upward pressure coming from the Pink Sheets market in the U.S ?? Anyone know what that is ??
 
growing said:
That stockanxiety.com guy talks about possible upward pressure coming from the Pink Sheets market in the U.S ?? Anyone know what that is ??
Click to expand...

I believe it's like 'claytons' listing! - a way of gaining access to US investor without having to list properly on the stock exchange - so they buy these pink sheets or whatever - a bit like investment bonds i suppose.

wikipedia here - http://en.wikipedia.org/wiki/Pink_Sheets

.. makes it sound almost dodgy - would think ESG is better established than that?
 
Aaagh, thanks Dukey!!

Yes well it can be interpreted as a way hungry U.S investors can buy into ESG easily without having to convert their money or deal with the asx..

Maybe ESG got demand from U.S investment and listed it for their sake?

Who knows

The HUGE news for the sector is ARROW'S takeover!!! I think THIS is the type of corporate activity ESG's CFO was talking about in that email which should boost the price. It went as high as 78 cents this morning but fell back however the amount of shares for sale has finally fallen a little!! FINALLY!
 
Over the last few years there has been nothing to dissuade me from the belief that this company potentially has the best future return per PJ in the sector.

The long long term trend is still in place, and the potential buyers are all in place. Most of these falls are just noise. It is a very volatile stock and should be treated as such.
 
Doesn't take long for ESG to run out of steam ...


For all the buyers out there, there are plenty of sellers of ESG to meet the demand ..
 
Huge volumes going through this morning. Over 2 mil shares changed hands by 10:12. It didn't even pause when it took out the 600 000 shares are 83 cents. No announcement but someone (with deep pockets!) must know something.

malachii

PS - I OWN SHARES IN ESG - MY OPINION IS VERY BIASED!!
 
Almost 500 000 shares at 85 cents taken out in 1 bite. What is going on????

malachii

PS - I OWN SHARES IN ESG - MY OPINION IS VERY BIASED!!
 
Buyers and sellers evening out at last -- had to happen - it has only taken MONTHS and MONTHS for the sell side stack to finally reduce a bit.
 
The sort of spike on this mornings market though - 3 mil shares in 20 minutes for this stock is pretty big and it was just swallowing up whole levels at a time....big numbers.

The only thing I can think of is some one knows something about the drilling report being released next week.....or maybe it's just one of those things.

malachii

PS - I OWN SHARES IN ESG - MY OPINION IS VERY BIASED!!
 
A reward for your patience Malachii.
Some coincident factors working for us holders at present:
- renewed confidence in international markets and economies. I doubt that Greece will be allowed to fail.
- global oil price showing recent strength
- the bid for Arrow Energy by Shell has sparked up the general csg sector. If PES went last year at $8 plus, is AOE really likely to go for just $5 something? So if a higher bid comes along for AOE, this would reflect well on the inferred value of ESG.

So I'd say a technical price base has been placed under a range of csg stocks, making bidders more confident now. For ESG, with the daily downtrend seemingly broken, that recent resistance at 0.95 - 1.00 could be challenged again.
 
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