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FDM - Freedom Oil and Gas

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Re: MAD - Maverick Drilling & Exploration

This share retraces to 65c I'm out after buying at 37c. If it breaks through 85c I'm buying more. Definitely it's holding its own on low volumes...given the ANN's in recent times...who knows what's in store come 30.06.2012.
 
Re: MAD - Maverick Drilling & Exploration

vas77d said:
This share retraces to 65c I'm out after buying at 37c. If it breaks through 85c I'm buying more. Definitely it's holding its own on low volumes...given the ANN's in recent times...who knows what's in store come 30.06.2012.
Click to expand...

On the contrary, I was hoping that it will drop back to around 60c so that i can load more up ! With any decent up grade in reserves by mid year I can easily see this stock hitting $1.50 IMO.
 
Re: MAD - Maverick Drilling & Exploration

stockrocker said:
On the contrary, I was hoping that it will drop back to around 60c so that i can load more up ! With any decent up grade in reserves by mid year I can easily see this stock hitting $1.50 IMO.
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How about sharing your thinking in how you arrived at $1.50, stockrocker?

Specific targetrs should be justified to avoid suspicion of a "talking your book" ramp.



Disc: I hold MAD.
 
Re: MAD - Maverick Drilling & Exploration

oldblue said:
How about sharing your thinking in how you arrived at $1.50, stockrocker?

Specific targetrs should be justified to avoid suspicion of a "talking your book" ramp.



Disc: I hold MAD.
Click to expand...

Sorry Old Blue, this is my first attempt at a forum and have not been in shares for that long either, so still not quite sure the parameters within a discussion, let alone valuing a company. How I arrived at $1.50 was more of an opinion than anything else.

But, given management have recently rushed in to raise more capital to double their acreage on Blue Ridge and step up their drilling, I see that as a tremendous way forward. They must know the potential that Blue Ridge holds, even though they mentioned that doubling the acreage does not imply doubling the reserve.

So see if I can attempt to elaborate; if the maiden reserve of Nash and Boling combined comes in at half the current 2P, at sp of $1.50 would value Mad at about $3.30/barrel of 2P. Factoring in potential upside in recent acquisitions in Blue Ridge, and maybe further acquisitions in Nash and Boling, and the stepping up of drilling from recent cr, I thought sp of $1.50 is still good value. As mentioned, it is only an opinion. I first bought MAD when it was at 43c, and added more at 54c, 69c, and 74c when it got knocked back from 80's. I'm intending to hold on to mine as I see a company with good potential upside still to come.

Please correct me if anything above is not right, still new but passionate to learn.
 
Re: MAD - Maverick Drilling & Exploration

Everything written here is only an opinion but it always helps to explain the rationale!

So thanks.



I hold MAD too and like the company's prospects. There's no doubt that it is still modestly priced on current and prospective reserves. The only caveat here is that the market seems to place more importance on production, current and forecast than on reserves. I suspect that strong numbers here will be necessary to see MAD make further strong gains in the SP. Just IMO, of course.

Cheers
 
Re: MAD - Maverick Drilling & Exploration

Suddenly a lot of interest in MAD and price spike almost 14%.
 
Re: MAD - Maverick Drilling & Exploration

Noticed the action early in the day and joined back in. Has had a healthy consolidation the last three weeks after the big move up in February.

Up 18% on very keen late bidding after the close. Sign of a good announcement coming in my view. Tomorrow will be interesting.
 
Re: MAD - Maverick Drilling & Exploration

Looks like the institutions who are visiting Houston and for whom yesterdays presentation was made were impressed with the operations over there.
Strong upward lift at the auction bodes well for tomorrow.
 
Re: MAD - Maverick Drilling & Exploration

Fantasy09 said:
MAD is going strong again today
Click to expand...

In future, please add some additional content to a post like this, such as how much MAD has risen in either $ or % terms (or both) and the amount of volume.
 
Re: MAD - Maverick Drilling & Exploration

Well we are up 12% so far today with increased volume matching that of the last three trading days.

And up about 25% on the week.

If the current flow of buying continues tomorrow we could have the dollar by throat for the weekend.

Worth reading up on what this mob are doing in recovering oil from old fields. They are a group of innovative Aussies who have developed an excellent business (with a rising oil price of course) in my view.
 
Re: MAD - Maverick Drilling & Exploration

MAD is going MAD again. Up 10% this morning. Could be some very keen new investors and/or some imminent very good news.
 
Re: MAD - Maverick Drilling & Exploration

I sold yesterday thinking $1.00 resitance WTF
 
Re: MAD - Maverick Drilling & Exploration

Sold early in the day @ $1.035.
Back in @ $1.05 and out @ $1.08
Sitting on good price now about $1.02/$1.03
$1.00 new lower resistance point in my opinion.
Keep trading on the ever upward trend...
If there is some imminent news, should it not be on the market already, otherwise insider trading would come into play?
Relatively new to MAD - but an interesting stock with a strong company model to back it up.
 
Re: MAD - Maverick Drilling & Exploration

If there is some imminent news, should it not be on the market already, otherwise insider trading would come into play?
Click to expand...

Yes, of course. But MAD have previously signalled that there will be a pretty continuous stream of news - and the market is picking that most of that will be good. That makes for a nice upward trending SP until the bend at the end!

Meanwhile, we enjoy the ride!

 
Re: MAD - Maverick Drilling & Exploration

breaker said:
I sold yesterday thinking $1.00 resitance WTF
Click to expand...

Technically

When a stock rises to resistance we look for a couple of things an increase in volume as we had indicates a return to increased supply.
Supply has to withdraw from the market or be over powered by demand.
Today we saw
(1) Demand over power supply.
(2) Supply swamping demand.
All in the one bar.

This leaves MAD in a weak position in my view.
Any trading below today's low will be seen as a reversal.
I feel the current high will be hard to take out.

So I think you did ok --in hindsite!
 
Re: MAD - Maverick Drilling & Exploration


Thanks tech

I see $1 as support and bought in again .
 
Re: MAD - Maverick Drilling & Exploration

breaker said:
Thanks tech

I see $1 as support and bought in again .
Click to expand...
Tomorrow will tell
But I expect at best an inside day.
At worst a nasty reversal.
On average--lower than $1

Not on my list to buy again
 
Re: MAD - Maverick Drilling & Exploration

Fundamentally after a presentation today to RBS Morgans we may see more MAD flying tomorrow.

Production on target, more rigs being put in place and good recovery. With the oil price firming its a good look in my view.

Go Mad
 
Re: MAD - Maverick Drilling & Exploration

explod said:
Fundamentally after a presentation today to RBS Morgans we may see more MAD flying tomorrow.

Production on target, more rigs being put in place and good recovery. With the oil price firming its a good look in my view.

Go Mad
Click to expand...

I like their style of management and they are certainly acting like a decent player. It also seems that there is a lot of interest in their business over in the US.



An excerpt from their latest presentation.

I agree that today's bar was a disappointing one, watching for a sign of further selling - but looking for a hold above 95c.
 
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