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Your call but be carefull
She has to bolt to the $1 sooner or later
Esg has just gone into trading holt
I also note its little off spin Orion has jumped 40% on the open ( small turnover )??
ESG - Eastern Star Gas
- Thread starter yogi-in-oz
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Your call but be carefull
She has to bolt to the $1 sooner or later
Esg has just gone into trading holt
I also note its little off spin Orion has jumped 40% on the open ( small turnover )??
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Speculation on the ESG-operated drilling program that commenced last week is my guess. At least, that's why I bought OIP last week. There's been very few sellers, so I think people are paying a premium to speculate.
Yes be careful, it doesn't have to "bolt to $1 sooner or later"
It could just as easily end up back at 40c.
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That's why i like HGO who own 20% and are trading over 100% below their interest in ESG alone. so if they do go to 40c you're still safe.
OIP have mkt cap equal to their cash in bank. I can't be certain but i gather their burn rate will slow with the farm-out
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ESG is responsible for funding the current 3 hole program under their farm-in agreement (one core hole in each tenement that they've farmed into). To my knowledge (insert obligatory DYOR statement here), OIP hasn't really indicated their exploration plans, but I'm betting that those plans depend a lot on what the ESG drilling turns up.
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Ive traded ESG for a few years now
Tell us all something we all dont know
imo long term everyone will do well on ESG
Has anyone had a look at csm gaser Blue energy today ?
had a good spike on ex Sunshine gas boss appt
Any fresh comments on the sector ?
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RE: HGO, don't bank on hgo going up just because they hold 23% of ESG. There is no guarantee that the money they could get from an ESG takeover will be seen by investors, it depends on what the market thinks the company will do with the additional funds etc etc. I think the days of 40c are well and truely gone, going on santos presentation the gunnedah basement may well be one of the best in the world for CSG. IMO only concern for esg is cap raising.
Yes, agree with the HGO point of view. One never seems to get value out of the "indirect" holding. I would prefer to just hold esg.
just looking at both HGO/ESG graphs,
there seems to be quite a high correlation in direction,
but the chart would suggest if you're after exposure to ESG you go with ESG.
ESG rises > HGO rises
ESG falls == HGO falls
- I Don't know much about HGO, granted.
-NOTE; just using google/finance graphs
there seems to be quite a high correlation in direction,
but the chart would suggest if you're after exposure to ESG you go with ESG.
ESG rises > HGO rises
ESG falls == HGO falls
- I Don't know much about HGO, granted.
-NOTE; just using google/finance graphs
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Hi guys ... I am long on ESG have been for some time..
does any have a list of ASX listed companies that have CSG as their primary activity.
i have a small list but im looking for a comprehensive one........
to expand my portfolio.
currently im looking @
ESG
MEL
BUL
HGO
OIP
BOW
any others i am missing??????? I am looking for a full list.
does any have a list of ASX listed companies that have CSG as their primary activity.
i have a small list but im looking for a comprehensive one........
to expand my portfolio.
currently im looking @
ESG
MEL
BUL
HGO
OIP
BOW
any others i am missing??????? I am looking for a full list.
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joeyjoejoe, off the top of my head you could add AOE, ICN, and WCL. Perhaps you might or might not consider CSG to be the primary business for STO, VPE or RAW.
Ostensibly OIP was spun off ESG to be a conventional O&G business rather than CSG. Time will tell if that turns out to be the case or not.
I'm sure there are others that the other more experienced folks around here can list. There's a CSG thread around here which is worth a read.
heres my list
mostly csg;
BUL
BOW
ESG
MEL
WCL
-some csg;
BPT
CTP
COI
ECU
ICN
MPO
OIP
RAW
VPE
i wouldnt really classify HGO, more of an association.
Nice list - can only think of one more for the 'some csg' list.
- LNC - who bought SXP last year and gained heaps of territory in SA with both CSG and UCG potential. - But it's probably a long way from development unless they farm out the csg to a specialist company.
The top list is looking pretty nice for the immediate future I think.
COI could be a dark horse - looks much better since restructure and merge.
Who to buy is the problem.
(Recession?? where??
)Not sure if I should post this here because it is a bit too crazy and good to be true and in the wrong thread anyway (but there is no WCL thread).
Unfortunately I don't have any meaningful capital to play with right now otherwise I'd be all over this.
WCLO expires 31 March 2009.
WCLO strike price 0.5.
Current offer "at market" of WCLO @ 0.06
Current bid "at market" of WCL at 0.59
Purchase 10,000 WCLO at $600.
Exercise 10,000 WCLO at $5000 for 10,000 WCL.
Total cost = $5600.
Sell 10,000 WCL at current bid = $5900.
= 5.3% guaranteed return per $5600 original investment.
Obviously this is a back of the napkin type calculation (there probably aren't enough options and bids at the correct prices to even it out like this), but I am just trying to highlight a nice opportunity for my friends at ASF.
The idea being you use this profit as a free or lowered risk entry into WCL.
Even if you just want a small parcel it would be better to buy WCLO on market tomorrow and exercise options immediately.
Unfortunately I don't have any meaningful capital to play with right now otherwise I'd be all over this.
WCLO expires 31 March 2009.
WCLO strike price 0.5.
Current offer "at market" of WCLO @ 0.06
Current bid "at market" of WCL at 0.59
Purchase 10,000 WCLO at $600.
Exercise 10,000 WCLO at $5000 for 10,000 WCL.
Total cost = $5600.
Sell 10,000 WCL at current bid = $5900.
= 5.3% guaranteed return per $5600 original investment.
Obviously this is a back of the napkin type calculation (there probably aren't enough options and bids at the correct prices to even it out like this), but I am just trying to highlight a nice opportunity for my friends at ASF.
The idea being you use this profit as a free or lowered risk entry into WCL.
Even if you just want a small parcel it would be better to buy WCLO on market tomorrow and exercise options immediately.
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MEL is next inline for me I think. More 2p than ESG if i remember correctly, only downside is about 3mil in cash left. Also there are the American csg companies on the asx such as MAE and RFE.
WCL thread - not very active though.
https://www.aussiestockforums.com/forums/showthread.php?t=11090&highlight=wcl
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I think i will bank on a company with a mkt cap of half that of their holdings in one investment... I think the market would respond if they put 110M in the bank. If you don't think the market will respond, that is your opinion but given we are all trading in something that's value is derived from something never done and still years from delivery (CSG to LNG), I think it a little rich to suggest that the market would not like cash in bank.
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This going to be interesting, I wonder if HGO will try and increase their stake. After this cap raising we should be set for a good time. One would think that cap raising would of occurred after the laterals but who knows.
