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FDM - Freedom Oil and Gas

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Re: MAD - Maverick Drilling & Exploration


Stopped.
 
Re: MAD - Maverick Drilling & Exploration

where did you stop at? where do you see it heading now?

history shows that MAD always has pullbacks like this before taking off again. but at some point the run has to end!?!?
 
Re: MAD - Maverick Drilling & Exploration

this pullback may be quite different.

note MAD was doing roadshows during feb-march to AMERICAN investors.

DOW has had a huge bull run, they may have stopped buying in april.

Then again, could be wrong. I often am (I stopped buying MAD after 90c... and look where it is now)

I try and get on trends when they come in. I try and jump off as well safely.
 
Re: MAD - Maverick Drilling & Exploration

was quite a sell off this morning at 1.205. every time it sold out, it replenished with a further 20k. seems to have stopped now, may start after lunch, or may be sold out. think it will have a bearing on its capacity to climb today.
 
Re: MAD - Maverick Drilling & Exploration

Well I know a lot of people calling MAD a 10 bagger etc from when it was trading par 20c.

It has already bagged 6 times @ $1.20.

I have yet to see a 10 bagger in my investing lifetime (i.e. 1 year ) though MAD still has the potential to see upwards imo.
 
Re: MAD - Maverick Drilling & Exploration

Market cap is still 400m.

I've seen some valuations done on MAD (by forum people on other sites, not sure about expertise) since it was trading at 20c and a lot of the valuations did not go past 300m market cap.

Hence why I was so shocked to see this past $1.

It must be the name . But I will still consider buying past $1 if there is still strength/support in the coming month.
 
Re: MAD - Maverick Drilling & Exploration


So your still in after seeing your profit drop back to almost even ---yet your happy to stick it out and in fact consider buying more below $1.

So could you run through for me what your thinking and analysis was and now is?

What have you in place for risk management?
What have you in place for Taking profits?
How much of your portfolio is exposed to MAD.
What else do you currently hold?
 
Re: MAD - Maverick Drilling & Exploration

tech/a said:
So could you run through for me what your thinking and analysis was and now is?
Click to expand...

There was some dude talking it up on Sky Business the other night?
That's my bet!
 
Re: MAD - Maverick Drilling & Exploration


I have already sold out...

I haven't bought back in since it went past 90c as fundamental analysis was telling me it wasn't worth so much.

I only hold for a very short time and always protect my profits. If there is support and the trend continues.. even if it is above $1 I will be back in if I see a trend.

As for my portfolio, I never invest over 15% in one stock.
 
Re: MAD - Maverick Drilling & Exploration

Nice ann today.

Took a little nibble @ 1.18..

results release should spark up some further price rise - hopefully! Will give it a month.
 
Re: MAD - Maverick Drilling & Exploration

After buying in at about 21.5c a few months ago it has been very tempting to sell, especially as we screamed passed $1. When it became a 5-6 bagger for me I considered selling, but figured I'd at least let the run continue and then sell when it started falling back.

When it did start falling back this week I was tempted to sell, but decided to wait until the next announcements, especially the reserves upgrade. This morning's announcement made me glad I did. Sure, in hindsight I'd have taken $1.38, but picking the top would only have been possible in hindsight, and I'd be buying back in now if I had sold then.

What I really like about this situation is that unlike many companies which promise the world and deliver frig all, MAD tends to be pretty conservative or at least realistic. They don't make false promises. Today's announcement had no solid figures, but was very positive. The market doesn't tend to pay much attention to something so vague (and generally, rightly so), but I don't think MAD would kill their credibility by putting out something so positive without there being something to back it up.

Putting that together, I think the present moment represents a good buying opportunity. Good news on the way which the market hasn't yet responded to. I'd buy more, but MAD is already nearly a third of my portfolio.... gotta love 5-6 baggers
 
Re: MAD - Maverick Drilling & Exploration

Unfortunately I started selling in the 70's, however managed to unload one bundle at $1.39. Still got more left value wise than I started with, and hoping for it to come back a bit more to buy some back.
I was a bit disappointed with the fact their production dropped back since January, but I guess there were excuses for that, also they seem to be pretty slow getting the rigs working. Looks like the fourth rig will only be going in their summer, I thought it would already be working now. Guess with all that drilling happening in Texas they are having problems staffing the rigs.
I think they will have to start showing some decent increase in production soon to justify the present market cap. I've got no doubt that they can increase production in the long run, but might be able to pick some up a bit cheaper if production is a bit slow over the next quarter. If not, still got enough to keep it interesting.
 
Re: MAD - Maverick Drilling & Exploration

I was a bit disappointed with the fact their production dropped back since January, but I guess there were excuses for that,
Click to expand...

I seem to have missed that announcement. When was it made?
 
Re: MAD - Maverick Drilling & Exploration

oldblue said:
I seem to have missed that announcement. When was it made?
Click to expand...

In the last quarterly they mentioned production in January had stabilised at 900 bopd.
In the latest presentation production to date for the quarter has averaged 757 bopd, so we would have had to drop below this 757 bopd for the last two months to get this average.
 
Re: MAD - Maverick Drilling & Exploration


Thanks, rem. Well spotted!

I sold out of MAD at the end of February as I felt that the SP was getting too far ahead of production and that the valuation on the basis of 2P Reserves would carry said SP only so far before production became a bigger issue.

Still very much on my watchlist, however.

Cheers
 
Re: MAD - Maverick Drilling & Exploration


It will be a lot bigger after today. It is proving a great thing for my Family. "The trend is your friend until the bend"

However this Melbourne Company with its technology of vacuum cleaning out high grade crude from the old oil fields is going to go much further yet in MHO.

Well worth reading up on for those who have not looked at it yet. Basilio you should have had it in the stockpicking competition this month too, although your HOG is looking okay tool.
 
Re: MAD - Maverick Drilling & Exploration


Explod, it is not very nice calling Basilio a tool!
 
Re: MAD - Maverick Drilling & Exploration

Yeah MAD is still going well. I have a bit left in it but I have to say I took most off the table when it reached $1.20 + .

I was tempted to pick MAD again for the stock tips but I thought it was a bit ambitious to see it winning 3 months in a row ! Now if only my pet little pig grows some wings we might see some action. (Shame about TTE)
 
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