HOG - Hawkley Oil and Gas
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HOG has been getting some good publicisity lately, one being from Alan Kohler's Eureka report where one of the articles analysed approx 111 junor oil & gas coys (from memory) with the first requirement being that they were finacially secure. HOG came 2nd best from all these, losing the top position only because of it's tenements being in the Ukraine and the still (presumed) higher political risk there. However we have had access to the latest news on this factor where the new management have stated that issue has moderated somewhat due to the change of government and also the strong need/desire to become self sufficient in supplying the country with their own gas (as against being dependent on Russia) and this factor was opening more doors for the o&g companies which operate there.
Today's rise was good to see and is much closer to the magic $30 mark
Presume we will have to wait for the end of month report for any news, but good to see todays effort.
Today's rise was good to see and is much closer to the magic $30 mark
Presume we will have to wait for the end of month report for any news, but good to see todays effort.
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Yes indeed RNI !! I'll see you in the Bahamas when the flying pig reaches this point ..
I'll settle for $3...
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Still at 28c it is still way below the gas/oil pre production SP. On reserves and production should be much higher.
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I don't like making public predictions, but in this case I thought I would open myself up to being completely wrong.
I expect to see HOG keep it's momentum upwards (first biased opinion for the post!) and head for that 30c level with hesitation, particularly after the selling we saw yesterday.
Looking for a low volume down day to confirm a re-entry, (this will hinge on action in the US tonight - hopefully a down day so that we can see where HOG is at ) then after this, I would expect to see (after a positive US session) an upthrust, most likely with a gap up through that level. It probably won't stick short term.
Anyone here who knows the background could probably suggest what news there is that may aid this process.
In the meantime I am watching for a resumption after selling at 28c on that high volume. I am quite happy to admit that any and or all of this is utterly baseless, incorrect and unfounded, but thought some may like a fancy chart to stare at. If it entertains 1 person it's a success.
(Further to that, I recommend not trading according to this, as it is almost definitely wrong in some or all ways and is only meant for entertainment value).
Cheers.
I expect to see HOG keep it's momentum upwards (first biased opinion for the post!) and head for that 30c level with hesitation, particularly after the selling we saw yesterday.
Looking for a low volume down day to confirm a re-entry, (this will hinge on action in the US tonight - hopefully a down day so that we can see where HOG is at ) then after this, I would expect to see (after a positive US session) an upthrust, most likely with a gap up through that level. It probably won't stick short term.
Anyone here who knows the background could probably suggest what news there is that may aid this process.
In the meantime I am watching for a resumption after selling at 28c on that high volume. I am quite happy to admit that any and or all of this is utterly baseless, incorrect and unfounded, but thought some may like a fancy chart to stare at. If it entertains 1 person it's a success.
(Further to that, I recommend not trading according to this, as it is almost definitely wrong in some or all ways and is only meant for entertainment value).
Cheers.
HOG has been given some publicity recently by Haspete, Eureka report and the article "from "Sunday Times Perth 'hot stocks' page of the business section, the analyst from Hartleys has HOG as a BUY."
Might explain the recent momentum. I believe Haspete picked AUT years ago.
Now he has picked HOG. I am too looking for any retrace, though if it breaks 28c on high volume I may be in this stock too.
OOPS.....that was a bluey wasn't it !!! :bonk::bonk::bonk:
Meant 30c of course!! Yes would settle for $3 also in perhaps a few years. Not impossible.
.The next news due is the independent reserves report on Soro, expected soon.
.Results of the testing on Chets. Even though it seems to have been a duster, they hope to gain some knowledge from the tests done on it, one being for the presence of gas in B19.
.Info regarding progress on the preparations for the new gas plant.
.Progress with Soro #202.
So a few bits of good info ahead hopefully.
Meant 30c of course!! Yes would settle for $3 also in perhaps a few years. Not impossible.
.The next news due is the independent reserves report on Soro, expected soon.
.Results of the testing on Chets. Even though it seems to have been a duster, they hope to gain some knowledge from the tests done on it, one being for the presence of gas in B19.
.Info regarding progress on the preparations for the new gas plant.
.Progress with Soro #202.
So a few bits of good info ahead hopefully.
Looks to be retracing.
At 27c now... depending on how it'll close.
It opened very high and reached 29c, but this is very usual after public holidays/ Mondays to make you feel you have to 'buy'. Resistance at 28c too strong.
I am always wary of buying in the first hour of trading, as it always seems market makers/eager buyers are manipulating the price.
Anyway, will look for entry in next few days depending on close today.
At 27c now... depending on how it'll close.
It opened very high and reached 29c, but this is very usual after public holidays/ Mondays to make you feel you have to 'buy'. Resistance at 28c too strong.
I am always wary of buying in the first hour of trading, as it always seems market makers/eager buyers are manipulating the price.
Anyway, will look for entry in next few days depending on close today.
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Like (almost) everything else in the market HOG has fallen again. And just when we thought it might break the magic 30c..
Hartleys has come back with another story evaluating the reserves, risks ect. It's not hard to see how they are trying to ignore the previous multiple analysis which should have seen HOG at at least 50c at this stage and convince us that this time it really is going to happen. It does make sense - but then again it always seemed/seems like a good prospect.
There is also the monthly production report which reports a reduction in output as a result of maintenance work on the gas processor. Another good reason to build their own plant. (which is gathering steam.)
http://newsstore.fairfax.com.au/app...theage.com.au/apps/qt/quote.ac?code=hog&f=pdf
http://www.hawkleyoilandgas.com/med...ote-237/Hartleys-Research-Note-2-May-2012.pdf
Hartleys has come back with another story evaluating the reserves, risks ect. It's not hard to see how they are trying to ignore the previous multiple analysis which should have seen HOG at at least 50c at this stage and convince us that this time it really is going to happen. It does make sense - but then again it always seemed/seems like a good prospect.
There is also the monthly production report which reports a reduction in output as a result of maintenance work on the gas processor. Another good reason to build their own plant. (which is gathering steam.)
http://newsstore.fairfax.com.au/app...theage.com.au/apps/qt/quote.ac?code=hog&f=pdf
http://www.hawkleyoilandgas.com/med...ote-237/Hartleys-Research-Note-2-May-2012.pdf
HOG has been getting some good publicisity lately, one being from Alan Kohler's Eureka report where one of the articles analysed approx 111 junor oil & gas coys (from memory) with the first requirement being that they were finacially secure. HOG came 2nd best from all these, losing the top position only because of it's tenements being in the Ukraine and the still (presumed) higher political risk there. However we have had access to the latest news on this factor where the new management have stated that issue has moderated somewhat due to the change of government and also the strong need/desire to become self sufficient in supplying the country with their own gas (as against being dependent on Russia) and this factor was opening more doors for the o&g companies which operate there.
Today's rise was good to see and is much closer to the magic $30 mark
Presume we will have to wait for the end of month report for any news, but good to see todays effort.
I'd be interested to know which stock was ranked above it?
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Hmmm.. Some interesting action brewing on the Flying Pig front.
There was a sharp rise yesterday in the last minutes of trading yesterday . Up 1.5c from 18c.
The market at the moment has a horde of buyers looking to push the opening price to 21c ! Suggests some strong imminent announcement. Possibly reserve upgrade ?
Given the precarious nature of the stock market overall this is going against the trend.
There was a sharp rise yesterday in the last minutes of trading yesterday . Up 1.5c from 18c.
The market at the moment has a horde of buyers looking to push the opening price to 21c ! Suggests some strong imminent announcement. Possibly reserve upgrade ?
Given the precarious nature of the stock market overall this is going against the trend.
Anyone buying more of HOG at 16c?
Yes I certainly am buying heaps and must admit I am trading it between 16c and selling at 18c which is giving me more and more as I believe when ever the whole global situation EVENTUALLY sorts itself out and the markets return to some sort of normality, and also the gas plant is built and Soro 202 is completed and 203 also, and production is tripled and they sort out what to do with Chets, THEN AND THEN ONLY WILL hog show it's true colours. I think it is a ripper of a stock, hence getting more and more.
The world situation, Europe, China America Japan and on and on.... is very bad and playing havoc with normal trading, people do not know what is going to happen next and are scared. One bit of bad news and everythimg collapses, but this has also happened time and time again, even worse with wars etc, and eventually it sorts itself out and the market recovers. We are going through that and the hard part is we don't know how long it will last. THAT IS THE PROBLEM so good stocks are not acting as they would normally do, and why I am biding time and taking the opportunity to trade hog and thus get piles more for when the tide turns.
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HOG should be up for some very positive news in the next few days. SORO 202 has hit paydirt and it will be a question of how much gas and oil production will increase with the second well.
Current gas and oil productioon will rise anyway because the local gas plant has finished its maintenace program which was reduced output by approx 30%.
The current SP of 23.5c is barely above its list price before they found gas/oil and begain production! Has to be a rerating soon.
Current gas and oil productioon will rise anyway because the local gas plant has finished its maintenace program which was reduced output by approx 30%.
The current SP of 23.5c is barely above its list price before they found gas/oil and begain production! Has to be a rerating soon.
prawn_86
Mod: Call me Dendrobranchiata
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The current SP of 23.5c is barely above its list price before they found gas/oil and begain production! Has to be a rerating soon.
Yes i bit the bullet and bought more recently (last week). I just can't see why it is so under-rated and it seems as though management have been hitting all their targets so i'm happy to go with my instincts
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I've been holding a long time with an average price of 34c. Starting to think i may be in positive territory soon, but i've been let down before. More wells + their own gas plant over the next 12 months should see some big gains IF all goes well.
Great news out last week. They have reached the target depth for soro 202 safely and run casing, so that automatically means double production with now 2 wells draining the B18, so great news there, and also they have successfully reached B19 which they were appraising during this last drill which is said (by moyes & co) to hold more gas than all of soro B18, so more good news there.
Then there is more still. They also found EXTRA GAS from another section of B19 which , if commercial could mean a whole lot more resourse not accounted for as yet. This is BIG news indeed. Read the latest ann out recently.
If it wasn't for the depressed share market conditions due to the Euro situation plus the US and China too, then this would have flown on that latest report possibly to about 30cps.
Needs to be watched closely as we await results from more testing to confirm this extra GREAT discovery.
Then there is more still. They also found EXTRA GAS from another section of B19 which , if commercial could mean a whole lot more resourse not accounted for as yet. This is BIG news indeed. Read the latest ann out recently.
If it wasn't for the depressed share market conditions due to the Euro situation plus the US and China too, then this would have flown on that latest report possibly to about 30cps.
Needs to be watched closely as we await results from more testing to confirm this extra GREAT discovery.
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RHI I agree that the announcement looks potentially very good. And in another market the SP would have already reacted sharply.
Somehow very few investors are leaving any money on the table at the moment. If there is a profit no matter how small its taken. Very discouraging. Lets see what happens here. ..
Somehow very few investors are leaving any money on the table at the moment. If there is a profit no matter how small its taken. Very discouraging. Lets see what happens here. ..
Basilio
I have a lot of faith in HOG. I really think that now they have 2 wells and plans for soro203 for last quarter 2012, also the start of the new processing plant, also the good discovery with B19, and to cap it all off if the EXTRA discovery in the lower/B18/B19 which has not yet been accounted for in the Moyes report is very exciting. Of course it needs to be tested to see if flows are sufficient to be commercial, but if they are this is going places imo. Without that the latest valuation is 67cps so that gives an idea of maybe what it could be then valued at all being well. I have a heap of them and have been accumulating over a good while now so I think if all testing is positive, it won't be ignored for too much longer, even with the world situation as it is.
I have a lot of faith in HOG. I really think that now they have 2 wells and plans for soro203 for last quarter 2012, also the start of the new processing plant, also the good discovery with B19, and to cap it all off if the EXTRA discovery in the lower/B18/B19 which has not yet been accounted for in the Moyes report is very exciting. Of course it needs to be tested to see if flows are sufficient to be commercial, but if they are this is going places imo. Without that the latest valuation is 67cps so that gives an idea of maybe what it could be then valued at all being well. I have a heap of them and have been accumulating over a good while now so I think if all testing is positive, it won't be ignored for too much longer, even with the world situation as it is.
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Hi RNI
I once had a lot of hope for HOG and still have a holding. As I said on paper it seems very undervalued - in particular considering the current Soroch 2 drill.
So in light of all this why is the SP so soft? There seems to be complete disconnect between supposed valuations and what people are prepared to pay for shares and their willingness to actually stay in the sharemarket. The other troubling factor is that we actually havn't had a real crash in the market. But HOG and a hundred other similar spec shares are just falling away day by day and refuse to rise on almost any news.
I once had a lot of hope for HOG and still have a holding. As I said on paper it seems very undervalued - in particular considering the current Soroch 2 drill.
So in light of all this why is the SP so soft? There seems to be complete disconnect between supposed valuations and what people are prepared to pay for shares and their willingness to actually stay in the sharemarket. The other troubling factor is that we actually havn't had a real crash in the market. But HOG and a hundred other similar spec shares are just falling away day by day and refuse to rise on almost any news.
