Australian (ASX) Stock Market Forum

HOG - Hawkley Oil and Gas

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We saw lots of interesting target prices for HOG Nchrdon... but it has just tanked all the way. And I agree it is way undervalued.

Something I did notice at close of trading. It had slumped to 15c during the day. Then someone put in a 10000 share bid at 17c which just managed to lift the SP by a hefty 14% in a little stroke. Some nice managing of the price I suggest.:)
 
basilio said:
We saw lots of interesting target prices for HOG Nchrdon... but it has just tanked all the way. And I agree it is way undervalued.

Something I did notice at close of trading. It had slumped to 15c during the day. Then someone put in a 10000 share bid at 17c which just managed to lift the SP by a hefty 14% in a little stroke. Some nice managing of the price I suggest.:)
Click to expand...

It's quite odd Bas. A market release in the past day or so confirming HOG's own gas processing plant coming on line soon to add to their profit margin and the Sorochynska 202 well seems to be going ok too. Someone was bailing out today and you are right about the controlled buy at market end to prop the SP back up.

At least our LNC shares are going good!
 
ColB said:
It's quite odd Bas. A market release in the past day or so confirming HOG's own gas processing plant coming on line soon to add to their profit margin and the Sorochynska 202 well seems to be going ok too. Someone was bailing out today and you are right about the controlled buy at market end to prop the SP back up.

At least our LNC shares are going good!
Click to expand...

with a .13c to .19c rise in the last week it is possible someone was profit taking, the drop was on relatively low volume compared to the rise.
 
I can't see anything positive for the SP of HOG. Announcement of gas plant to be commissioned within just a few weeks, more gas flowing, and the SP is struggling to maintain 0.15c. I'd like to be positive and think that once the plant is actually going, and more gas flowing, that the SP may have a resurgance; but I do not believe that there is much faith in this company. Besides what happens if they don't successfully find anything additional to what is flowing now?

I'll be ditching this stock if it goes up a little with the new gas plant.
 
ChrisJH said:
I can't see anything positive for the SP of HOG. Announcement of gas plant to be commissioned within just a few weeks, more gas flowing, and the SP is struggling to maintain 0.15c. I'd like to be positive and think that once the plant is actually going, and more gas flowing, that the SP may have a resurgance; but I do not believe that there is much faith in this company. Besides what happens if they don't successfully find anything additional to what is flowing now?

I'll be ditching this stock if it goes up a little with the new gas plant.
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I see where you are coming from, HOG is a very speculative stock, but that is the beauty of it, its high risk, therefore the potential to make a lot of money or loose your money. So it is a gamble.

Finding Oil & Gas, Drilling for it, aquiring new leases etc takes a lot of time and money, and things dont happen over night. With a couple of hundred million shares on offer, and only half a million or so of these making the big changes in price I am not to worried yet. It is when the big guys start off loading their shares that is when I will be worried.

For now I wait and occassionally pick up some more stock at bargain prices, as I have said and a few others .15c is way under valued and I think it will take time to build up the SP again.
 
I see and understand what you are saying, Hardon, but people are always harping on about how this speccie, or that speccie is underavalued. People were going on about HOG being undervalued when it was 38 cents, and it's done nothing but lose value since.

The problem I see with HOG (and yes, I own it) is that it barely moves up when there is positive news for the business, and it drops dramatically when there is bad news. It is a gamble, yes, but... what does HOG have going for it that is going to encourage an increased SP?
 
I am still keen on HOG. Once S202 is up and running and the new gas plant is all joined in to them that should make a difference. Having the gas plant will save them $$$$ and also help with some increase in production too, so all in all they are doing ok all things considered. The are managing the financial side well really and have to cope with working with very old equipment and at times freezing conditions, and to keep the peace with locals they are using locals also.

When S203 comes along and if it is successful then is the time I would expect to see a marked rise in the sp and a stabling at that new level. They have also discussed purchasing more acreage in Ukraine so they are also growing the company too which will also help if and when that occurrs. At least it is not back to 10-12cps!!!
 
RNI said:
I am still keen on HOG. Once S202 is up and running and the new gas plant is all joined in to them that should make a difference. Having the gas plant will save them $$$$ and also help with some increase in production too, so all in all they are doing ok all things considered. The are managing the financial side well really and have to cope with working with very old equipment and at times freezing conditions, and to keep the peace with locals they are using locals also.

When S203 comes along and if it is successful then is the time I would expect to see a marked rise in the sp and a stabling at that new level. They have also discussed purchasing more acreage in Ukraine so they are also growing the company too which will also help if and when that occurrs. At least it is not back to 10-12cps!!!
Click to expand...

I tend to agree with RNI, time shall tell
 
March 1st. HOG still hitting new lows and not a peep about the new gas plant , production from Soros 202 anything.

The damn dog must be totally obese eating all that homework :frown:

It will be so fascinating to see what the end of month report looks like...
 
Pepper your angus for the usual exorbitant administration costs. This company is fleecing shareholders dry.
 
I fear something ugly is going to be announced by the stuffed pig.... :frown::frown:

The SP is falling relentlessly when we are supposed to waiting on confirmation of a new producing well and a cost efficient new gas production system. IMO if these were actually on track we would have either heard about their success or insider buying would be supporting the price.

It looks as if there is a substantial loss of confidence in the company. :(
 
basilio said:
I fear something ugly is going to be announced by the stuffed pig.... :frown::frown:

The SP is falling relentlessly when we are supposed to waiting on confirmation of a new producing well and a cost efficient new gas production system. IMO if these were actually on track we would have either heard about their success or insider buying would be supporting the price.

It looks as if there is a substantial loss of confidence in the company. :(
Click to expand...

WTF? 10.5 cents? What's up with this dog of a company? Gas plant explode before commission?
 

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