HOG - Hawkley Oil and Gas

[poverty]

I can't believe the retards all queuing up to sell this for a few cents gain.

 

[TabJockey]

Again, you have been detected as a goose, read the announcement.

Again? When I posted the ann was not out yet. Was pretty happy to be filled at .42 this morning.

 

[condog]

Again? When I posted the ann was not out yet. Was pretty happy to be filled at .42 this morning.

Not sure what your motivations are?? Your post both in AUT and in here are both against the stocks, yet your buying here.

You where wrong , the reason it dropped this morning was because i decided to cash some of my stock i bought last week. I managed to sell most yesterday at .45 and some today at 445 and 44 and 435, but to get rid of the last few, i just decided to swipe the 43 425, 42, and 41 c levels.

Still got an average sale price of over 43 which i was happy with as i wanted the cash back in my coffers. My sale was obviously premature, but holding such a large parcel when they had delayed the announcment and given mixed messages to the market, just made be a bit to nervous to hold the volume i had.

I still have a very decent parcel, and will hold it in anticipation of further well results in a few months time.

 

[traderclaude]

"The Company expects the choke size to increase again once the gas plant is running at its optimum level."

So 7.51 mcfpd with the 8mm choke.

What would would they get from 9mm, or are they thinking to go higher?

I think the aim was around 10 mcfpd.

I don't think they have been to delayed in announcements, it is quite frequent, but people do get worried with large parcels.

Be interesting to see how the market responds tomorrow and if bigger players move in.

 

[TabJockey]

Not sure what your motivations are?? Your post both in AUT and in here are both against the stocks, yet your buying here.

You where wrong , the reason it dropped this morning was because i decided to cash some of my stock i bought last week. I managed to sell most yesterday at .45 and some today at 445 and 44 and 435, but to get rid of the last few, i just decided to swipe the 43 425, 42, and 41 c levels.

Still got an average sale price of over 43 which i was happy with as i wanted the cash back in my coffers. My sale was obviously premature, but holding such a large parcel when they had delayed the announcment and given mixed messages to the market, just made be a bit to nervous to hold the volume i had.

I still have a very decent parcel, and will hold it in anticipation of further well results in a few months time.

Are you upset because of my aut post? It's a.great company but I think its fundamentally undervalued, that's my current opinion and this forum is the right place to.voice that.

I consider hog a great buy at around 40 cents with multi.bag potential but that does not mean I only speak rainbows and flowers. The sp fell this morning just before an Ann was due, so it was worth asking if that could be the.reason. now I know it was you getting nervous selling into a major market and sector bounce near recent lows. Thanks for that info,.seems a bit ill advised to me but each to their own and thanks for the 10 percent today.

Typing on this phone is a hitch.

 

[WRONG'UN]

It has recently been reported that the gas price in Ukraine is likely to rise by 30% during 2011. What does this mean for HOG?
Attached is an excerpt from HOG's range of estimated financial outcomes for the Sorochynska #201 well (ref HOG 29/11/2010), from which it can be seen that a gross revenue of $60/boe reduces to net earnings of about $22/boe.
Now if the gas price increases by 30%, the gross revenue should rise by 30% of $60 = $18/boe. HOG state that earnings are around, 40 - 45% of gross revenue, but as some of the offtakes will not rise with rising revenue (eg rent, operating costs), lets use 50% for the marginal effect.
So, an $18/boe increase in the gross revenue results in a 50% x $18 = $9 increase in the earnings. ie earnings increase by 9/22 = 41% This is huge!
They are also getting over $100/b for their condensate, cf $90 in their estimates.

 

[prawn_86]

I was in this morning after reading yesterdays announcement.

Managed to get in at an average of 47. I have been watching it for a while but was happy to wait and make sure things were on track, which this ann provided for me

 

[traderclaude]

They say they will spend some of the profits on the head offices and suppose stock up the fridges with beverages as these miners do.

May go on a bit of a recruitment drive and also jazz the website up.

Most will be spent on further drilling equipment I would think though.

They still got no marker on the asx charts from the announcement, the bigger companies have them all over the place, wonder if the news is still not spreading much.

 

[bbker]

What's a marker?

They say they will spend some of the profits on the head offices and suppose stock up the fridges with beverages as these miners do.

May go on a bit of a recruitment drive and also jazz the website up.

Most will be spent on further drilling equipment I would think though.

They still got no marker on the asx charts from the announcement, the bigger companies have them all over the place, wonder if the news is still not spreading much.

 

[traderclaude]

I just type asx and the company code, so "asx hog" as an example and google it, and the chart comes up to click on.

Google is the best way to spread news I think, and then they have the google news linked to the charts.

I find it hardy and easy, but always good idea to search announcements on the asx website by code, it is first time to hear news, so you can get in or out quickly.

Emailing a company will not help for updates, all you will hear is the latest announcements they have released.

 

[bbker]

Hmm still not sure what you mean.

In google, I type asx:hog and get a chart to clikc on just like I would for asx:cba or asx:bhp

So....?

I just type asx and the company code, so "asx hog" as an example and google it, and the chart comes up to click on.

Google is the best way to spread news I think, and then they have the google news linked to the charts.

I find it hardy and easy.

 

[traderclaude]

Anyway oil and gas shares you would think will do well in short medium term unless you have missiles flying over your plant.

AUT and HOG both have good forecast revenue to pick up a good bag.

I wouldn't think you could go wrong though with WPL as low risk just not as big a bag.

 

[bbker]

You might as well put your money in the bank and get 6% rather than buy a few measly shares in WPL with a market cap of $35b or blue chips with the market flattening or falling off.

I don't know if manipulation has much to do with it but it's going nowhere and looks depressing like the rest of the market.

I'm happy just to hold a few specs

 

[McCoy Pauley]

Hopped in at $.0455/share. Good to be aboard.

 

[basilio]

Fascinating seeing HOG slowly drift down... Last time I looked they were still pumping a ton of gas and oil and I guess the plans and activities around the next drills haven't fallen over...

I think it just reinforces how very short sighted current market sentiment is and the lack of research by the managers who are supposed to be building portfolios for super funds etc.

 

[tothemax6]

Fascinating seeing HOG slowly drift down... Last time I looked they were still pumping a ton of gas and oil and I guess the plans and activities around the next drills haven't fallen over...

I think it just reinforces how very short sighted current market sentiment is and the lack of research by the managers who are supposed to be building portfolios for super funds etc.

Patience, my friend, patience

 

[TabJockey]

Fascinating seeing HOG slowly drift down... Last time I looked they were still pumping a ton of gas and oil and I guess the plans and activities around the next drills haven't fallen over...

I think it just reinforces how very short sighted current market sentiment is and the lack of research by the managers who are supposed to be building portfolios for super funds etc.

It isn't in the ASX 300 so most managers cant buy it.

 

[jonojpsg]

Fascinating seeing HOG slowly drift down... Last time I looked they were still pumping a ton of gas and oil and I guess the plans and activities around the next drills haven't fallen over...

I think it just reinforces how very short sighted current market sentiment is and the lack of research by the managers who are supposed to be building portfolios for super funds etc.

Agreed bas - can't understand it myself? Must simply be a lack of awareness around what HOG have actually achieved with current flow rates and what that means for financing more wells this year? I'm looking to enter again as I had to bail out to fund my super leveraged account with a big AUD short Still waiting for that one to come off

 

[condog]

Topped up today. Think Hogs being over sold at present.

 

[ParleVouFrancois]

I'd agree Condog, should be around 60 cents or so given the rather derisked revenue/profit profile. Oh well, someone wake me up in June/July.