Australian (ASX) Stock Market Forum

HOG - Hawkley Oil and Gas

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Still cashflow.... wonder if they can move the train forward again....

Shareprice very depressed now... perhaps to much.
 
Maybe they can change the date on a picture and reuse it to make things look good.
 
They need another producing well, and I doubt if they can finance one from the depleting Soro 1, so I'd be worried about a CR.

I don't want to sound like I'm rubbing salt into the wounds, but I got out at 14c, because of the photo debacle - it was an issue of trust and confidence. I took the loss and moved on - the loss was history, but I still had a choice regarding the future.

I invested the proceeds in SEH.

Good luck!
 
Ah the flying pig has soared again!! Up a massive 65% on Friday!!
Naturally the management know nothing about the rise.

(After a very promising and seemingly profitable beginning this has been an absolute disaster. Closing price on Friday 3.7c up 1.4c on day. Three years ago it ran to 50c plus.. .)
 
I dumped this dog over a year ago, at 14c, and have no regrets.

Speeding tickets by the ASX are a joke, I don't know why they bother.
 
Sorry in advance, I'm a stock novice, but what is this deal with this stock?

Back in the AUT days I remember a wise man by the name of Condog who held this stock and praised its potential future.

It then ran to 50 cents. Can somebody shed some light into what went wrong? Its my understanding that this company still makes money? Does it make the same as it did in the 50 cent days?

It just seems very cheap for such a small company that has a reasonable turnover?

hmm, maybe Im just tired, Im on nightshift :eek:
 
HOG has been very frustrating and costly stock.

It did start out with a bang proving up a profitable first drill in its Ukrainian holdings in 2011. This well was producing oil and gas from day one and the company was cash flow positive. As you noted the shares shot to 50c with the promise of even better times when the next drills hit paydirt...

But the next drills didn't hit paydirt. There were long delays and then disappointment after disappointment as the so called "certain" oil /gas profiles failed to produce any commercial quantities.

In 2014 it still has it's original oil/gas producing well and hopes that it will make another successful strike. It's probably undervalued given it is actually producing cash but my guess is that all the original investors (myself included) have learnt a bitter and expensive lesson.

Incidentally all the original stories and promises for HOG are still on their website. :(
 
Compressor works fine. Hope they can close some sort of a pre/production deal soon to generate more cashflow.
It is cheap indeed.
GLTA
 
At their last report they had $726k cash, as at 31 March. Their cash flow for the previous 3 months was negative $909k. At that rate of depletion they should be just about out of cash, right now.

The current rise could be a pump followed by a capital raising.

On the other hand, if Russia turns off the gas, local product could be a good thing to have.

Too risky for me.
 
Running an amateur eye over the charts etc, it doesn't look too bad. Hopefully it can turn around. Maybe see 0.035 soon? :p

The volume is starting to creep up and the buyers are heavy (9.2 million) to sellers (2.4 million)

Hopefully, I use that word a bit, well 202 is a goer. Fingers crossed.
 
It's probably worth doing a sensitivity check on the effects of a change in the gas price on their cash flow - going back through the recent reports and doing some sums with say a doubled gas price.

Very roughly, they had an income of $1.8m last quarter, about 75% of which was gas (the rest was condensate), or $1.35m
They had negative cash flow of $909k over the same period.
So, all other things being equal, if the gas price doubled (and condensate stayed the same), they would have an extra $1.35m, so they would have positive cash flow of about $400k, or $2m for a year, compared with their MC of c$5.5m, or a rough P/E of 2.75.

Of course, there are a few of assumptions made above, and it's all very "what say" - who would know what will happen next. Having said that, prices can spike rapidly if external factors put the squeeze on - you never know.

Maybe HOG is already moving up on speculation?

By the way, there are plenty of other stocks on the market that would also do very well if their underlying product doubled in price e.g. BMN.
 
WRONG'UN said:
It's probably worth doing a sensitivity check on the effects of a change in the gas price on their cash flow - going back through the recent reports and doing some sums with say a doubled gas price.

Very roughly, they had an income of $1.8m last quarter, about 75% of which was gas (the rest was condensate), or $1.35m
They had negative cash flow of $909k over the same period.
So, all other things being equal, if the gas price doubled (and condensate stayed the same), they would have an extra $1.35m, so they would have positive cash flow of about $400k, or $2m for a year, compared with their MC of c$5.5m, or a rough P/E of 2.75.

Of course, there are a few of assumptions made above, and it's all very "what say" - who would know what will happen next. Having said that, prices can spike rapidly if external factors put the squeeze on - you never know.

Maybe HOG is already moving up on speculation?

By the way, there are plenty of other stocks on the market that would also do very well if their underlying product doubled in price e.g. BMN.
Click to expand...

Hypothetically, if HOG was earning $2 million a year then it 'should' be worth somewhere around $31 million, or .10 cents a share, using a sector average P/E of 15.76 (http://www.reuters.com/finance/stocks/financialHighlights?rpc=66&symbol=HOG.AX)

Obviously this doesn't take into account public sediment, which has had a huge effect on this stock.

Anyway, I'm just sticking my nose in as I'm dabbling in shares again (found some money in a shoebox :p) and I have always had an attachment to HOG. That and they made me a bit of money in the .55c days.

Thanks for the info fellas. :xyxthumbs
 
easylikesunday said:
Hypothetically, if HOG was earning $2 million a year then it 'should' be worth somewhere around $31 million, or .10 cents a share, using a sector average P/E of 15.76 (http://www.reuters.com/finance/stocks/financialHighlights?rpc=66&symbol=HOG.AX)

Obviously this doesn't take into account public sediment, which has had a huge effect on this stock.

Anyway, I'm just sticking my nose in as I'm dabbling in shares again (found some money in a shoebox :p) and I have always had an attachment to HOG. That and they made me a bit of money in the .55c days.

Thanks for the info fellas. :xyxthumbs
Click to expand...



Thats the spirit.... I be the buyer too....
 

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