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HDR - Hardman Resources

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Re: TZL and HDR


Your right of course. I guess I made enough buying osh at 1.63 to have a punt on hdr at $1.85. However, someone or small number of individuals is feeding lots of stock in at $1.85
 
Re: TZL and HDR

Here's an article mentioning the Merou news. There were high hopes for it as it was estamated at 300+ MMbbls (see the co website www.hdr.com.au). Sotto, Bogue and Petrel prospects still on the radar, if any one of these prospects hits pre-drill estimates it'll be a big boost for HDR. (especially the last two as they have very high pre-drill estimates, 250+ on average). I think I've missed one or two other smaller prospects that still have to be drilled but this summary will do for now.

The article says focus will now move to the Tiof appraisal and Chinguetti development- which is probably good for reducing sp volatility but I reckon the exploration wells may still hold some good news.

http://www.smh.com.au/news/Business/Woodside-skips-over-a-fizzer/2004/11/29/1101577418747.html

As for latest news there's an investor presentation by Scott Spencer in Melbourne at midday today (30 Nov) so we will know a bit more about co plans by the end of the day- I hope they present new info without just re-jigging the AGM presentation. The presentation is repeated in Sydney on Wednesday 1st Dec for anyone who'd like to attend, I'd have gone but I didn't get the news in time to schedule it in (see www.hdr.com.au for details).
 
Re: TZL and HDR

Of course my opinion is worth zip, but if HDR drops to around $1.60, might be a pretty good buy.
 
Re: TZL and HDR

It sure got dumped this morning. Sounds like a good buy to me but then again, I've been buying it all along and it just keeps falling

Anyway, I still belive this is a real hot stock for the long term.

Happy trading

Stefan
 
Re: TZL and HDR

And so I bought a couple of 1000s more at 1.62 today. I can only hope that the selling stops as of tomorrow...

Happy trading

Stefan
 
Re: TZL and HDR

Yikes, so much for my 'support' at 1.80!!!! Worry now is that the fall was on huge volume.

But it really is excessive IMO- I know of no real reason, only minor bit of news is from the mechanical breakdown during appraisal work. The AGM was last week too so can't be that, this is too sudden. I bet it's something that was said at the briefing (see my post above), but who knows. These are bargain prices IMO, especially with the oil price up there.

The only good point may be that the speculators and traders have dumped the stock and now Investors may move in to add stability....maybe people like Stean who can read a balance sheet and use a calculator. Oh well, and to think it was at 2.30 not long ago!! Anyway this is a good excuse for me to look at my other stocks till HDR decides where it's going to go to next.
 
Re: TZL and HDR

Would i be correct in seeing big build up of buyers for HDR this moring?
 
Re: TZL and HDR

Glad to the see the buying volume today Gunclub, would have been a concern if there wasn't much.

Looks like HDR has been affected by the rumours surrounding Woodside, it's joint venture relationship is a double edged sword. I've posted a chart here showing the relationship between HDR and WPL over the last six months, correct as of this morning. MACD is for HDR.

Last close this morning (about 11.15am was at $1.64.
Change:+0.03 Open:1.59 High:1.67 Low:1.58 Volume: 4,577,210
Percent Change: +1.86% P/E Ratio:9.24 52Week Range: 0.62 to 2.48

You can see that despite the volatility WPL is basically still going up, whereas HDR is reversing trend. Also note the September and mid November breaks to the downside by HDR showing a disengagement from the upward reactions relative to WPL sp.
 

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Re: TZL and HDR

Here's a concise article outlining the Woodside rumours:
http://www.thecouriermail.news.com.au/common/story_page/0,5936,11558626%5E3122,00.html

Broker UBS now values HDR at $1.82 due to poor exploration results and current price of oil.

So maybe that support level at about 1.80 will be reached again. Oil was at about 45 a short time ago, together with the appraisal rig failure and the bad news from Merou (AND the WPL rumours) it has been a huge hit for HDR this week. HDR currently testing 1.60 (at midday, 2 Dec 04), hopefully today will shakeout the weak hands holding HDR but the oil price is the danger.
 
Re: TZL and HDR

Very positive HDR sign. It just popped up as a most popular commsec sell. However, the sell depth is pretty bad though.
 
Re: TZL and HDR

I keep buying on every pullback. The bad news has certainly sparked a selling frenzy but IMHO that's just going to be a temprary thing. Oil prices are tipped to hit $60 early next year and if they manage to find some more oil, then a run back up to mid 2s will be easily achieved.

You have to be able to hold it for a while though. So keep that in mind when you buy HDR these days. Quick spikes are always possible, but sustainable gains will only be achieved over time on this one.

Happy trading

Stefan
 
Re: TZL and HDR

Can someone please explain the reason behind the massive fall recently with HDR? Its so frustrating to see HDR drop lower and lower.
 
Re: TZL and HDR

$1.50 seems the next stop, this is getting silly but you can't fight the market. Might dip closer to $1.40 before long. People are obviously thinking there are better places to put their money for now, this is a Bull market so can't blame em for being picky. Longterm HDR is sound IMO.
 
Re: TZL and HDR

HDR performed greatly in today's pre-market trading. Buy bids running in like crazy. Its also on CommSec's most popular sell, which i think is a good sign
 
Re: TZL and HDR

Oil is going up again. HDR had a nice run today in an otherwise negative market. Will be interesting to see if it can hold and gain for the rest of the week. I remain VERY positive on this one.

Happy trading

Stefan
 
Re: TZL and HDR

Wow! There sure was a lot of action in HDR today. Look at the price range!
It even hit my long term stop loss for a moment but this time I got away with it as it happened so quick I didn't even realise it. When I got my alert it was already back up in the mid 40s and now it sits at 1.5.

That would indicate bottom fishing to me and therefore support to keep it above 1.40.

Happy trading

Stefan
 
Re: TZL and HDR

Hi Stefan,

funny you talk about HDR, just got on the last wave, before the match price. Bought just in on $1.51... though did sell out of WPL, just before the pullback, today we had...

only holding HDR for an overnight trade... though... the market sentiment has changed, though if the technicals are right for HDR... might be the positive reversal, we been waiting to see.

Cheers,
sis
 
Re: TZL and HDR

SIS,
I was shifting funds but I missed the perfect buy at around 1.4 today. Oh well. I'm holding enough for what I'm after but it's hard to resist a good opportunity like that one. You're obviously speculating for a jump tomorrow morning. What makes you think this buying trend will continue tomorrow?

I tend to agree with it but the fact that the Ords fell below 3900 makes me a bit cautious.

Happy trading

Stefan
 
Re: TZL and HDR

Hi Stefan,

last couple days have been trying to technically, time entry into WPL, for long and short intraday trades, but after noticing 2 days in a row that WPL tested yesterday $19.14 and closed on that... today again it tested 19.13, but manage to crawl back and close at $19.41.

but HDR is just a stock, i like, i did buy warrants back some time ago, (though not long after, the stock dropped, and had to sell, as it hit my stoploss on the warrants)

but mainly due to market sentiment, and that tomorrow, i believe we will have a bit of a reversal for the overall market ( 3 days in a row... of watching our ALL ORD's drop) and early indicators showing some positive momentum for HDR, but if WPL can bounce and head back north again.. this should also provide, some bullishness (positiveness) in the oil stocks.

though just looking at the market depth... HDR is back up at $1.51 (Go you good thing HDR!)

Cheers,
sis
 

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