IND - Indus Energy

[Chasero]

Re: QPN - Quest Petroleum

HS I don't know whether this is your review or not but there is a broker report out from Halifax Investment Services on the website under analyst coverage.

Quite positive on prospects for further developments with new leases and further exploration, plus fanfare about the new man on the job, and Gus.

Good move today and continuing the run on medium to high volume but with a slight sell off to be expected at the Friday end and possibly also due to that 1c level which may take a few revisits.

Jeff, have you had a look into AZH and NDO? Might want to revisit.

I still think QPN has a while to run yet. I should have left a free carry in QPN but got too nervous >_>''

Too much greed in jumping to AZH/PEK/NDO and PRR today

 

[kiril]

Re: QPN - Quest Petroleum

I sold out today...

Why would you do that with so much potential and such a small market cap?

Why not just sell out your initial outlay and remain free carried for all the upside we are going to see here over the next few months?

I am still buying, I guess I need sellers like yourself to feed the supply.

Best of luck with your profits.

As they say you wont go broke taking profit.

Kiril.

I hold

 

[explod]

Re: QPN - Quest Petroleum

On the chart it has jumped a lot on price/volume. If the strength remains through Monday could be a reasonable punt.

Some resistance going back on the longer term but a break through .012 could see next target around .017/8

Any thoughts tech.

http://bigcharts.marketwatch.com/ad...=1/4/1999&enddate=6/29/2011&freq=2&compidx=aa

 

[hangseng]

Re: QPN - Quest Petroleum

HS I don't know whether this is your review or not but there is a broker report out from Halifax Investment Services on the website under analyst coverage.

Quite positive on prospects for further developments with new leases and further exploration, plus fanfare about the new man on the job, and Gus.

Good move today and continuing the run on medium to high volume but with a slight sell off to be expected at the Friday end and possibly also due to that 1c level which may take a few revisits.

No that is not my review mr jeff.

However it is very encouraging as it confirms my own findings. The information available from USGS, BPMIGAS in Jakarta, Universitas Gajah Mada in Yogyakarta and Trisakti Universitas Jakarta is all supporting this as a potentially significant location.

It will be interesting to see what comes of the now brought forward first drilling in June. All based on the joint study by Trisakti and Prabu Energy. Unfortunately the joint study isn't publicly available apart from what is released that report and by QPN recently.

I wait and see.

 

[Chasero]

Re: QPN - Quest Petroleum

On the chart it has jumped a lot on price/volume. If the strength remains through Monday could be a reasonable punt.

Some resistance going back on the longer term but a break through .012 could see next target around .017/8

Any thoughts tech.

http://bigcharts.marketwatch.com/ad...=1/4/1999&enddate=6/29/2011&freq=2&compidx=aa

Traders are looking to see if 0.12 breaks then taking positions, or looking for a retrace.

I am in again today as I believe in the story

Don't have time to look at the screen all day.

 

[newanimal]

Re: QPN - Quest Petroleum

I am in again today as I believe in the story

I too exited and entered (@.01) for same reasons. Looks like a healthy consolidation zone here. If it breaks soon plenty of upside potential moving into June drilling. Happy to be back in with a little cost of commission.

 

[Chasero]

Re: QPN - Quest Petroleum

I too exited and entered (@.01) for same reasons. Looks like a healthy consolidation zone here. If it breaks soon plenty of upside potential moving into June drilling. Happy to be back in with a little cost of commission.

I have taken most of my position out.

They need a C/R prior to June, and I don't want to be caught out. Too risky for me. 1.1 couldn't break, although it may break this week.

Even though QPN MAY reach 1.3 or 1.4 prior to capital raising, don't want to be trapped long on this one.

 

[newanimal]

Re: QPN - Quest Petroleum

ahhhhh yes... there are those. Man, a guy can't get any decent shut eye round here. no nap'n on the watch they say

 

[Chasero]

Re: QPN - Quest Petroleum

ahhhhh yes... there are those. Man, a guy can't get any decent shut eye round here. no nap'n on the watch they say

In my experience, i ALWAYS sell out too early.

I will lose no sleep though if I see QPN at 1.4c. I will not chase.

Buy the capital raising dilution imo.

 

[Purd2]

Re: QPN - Quest Petroleum

Chasero, please do your self a favour and do some research/study or something because you are going to leave money for others to pick up with your attitude and inexperience. I shudder to think. I am not having a go at you I am worried for you. Cheers P.

 

[mr. jeff]

Re: QPN - Quest Petroleum

No that is not my review mr jeff.

However it is very encouraging as it confirms my own findings. The information available from USGS, BPMIGAS in Jakarta, Universitas Gajah Mada in Yogyakarta and Trisakti Universitas Jakarta is all supporting this as a potentially significant location....

That was tongue in cheek as it was quite similar to your recent informative posts.
I am not skeptical enough however, to suggest that broker reports would scour the forums for information that they can then follow up on. !

 

[Chasero]

Re: QPN - Quest Petroleum

Chasero, please do your self a favour and do some research/study or something because you are going to leave money for others to pick up with your attitude and inexperience. I shudder to think. I am not having a go at you I am worried for you. Cheers P.

What do you mean research/study?

I have done over 500 trades over the past year so I don't think that is inexperience.

My % win is not great but I have been in a steady profit and I know when to exit trades according to MY trading strategy.

Just because I have exited QPN and 'left money for others to pick up'.. not even sure how to respond to that.

 

[basilio]

Re: QPN - Quest Petroleum

"No one ever went broke taking a profit" Unknown- universal truth.

Purd 2 Chaseroo shares more research and ideas and most other posters in this forum. And most seem to bear fruit.If you want to make a buck I suggest you keep on this tail.

Cheers

 

[Purd2]

Re: QPN - Quest Petroleum

No thanks.

 

[Chasero]

Re: QPN - Quest Petroleum

Entered at 0.006. Exited at 0.011. Entered at 0.01. Exited at 0.01.

Pretty good trade imo. Won't chase any higher.

Don't know why everyone's getting worked up. And no, I don't follow particular members on ASF.

 

[hangseng]

Re: QPN - Quest Petroleum

I have taken most of my position out.

They need a C/R prior to June, and I don't want to be caught out. Too risky for me. 1.1 couldn't break, although it may break this week.

Even though QPN MAY reach 1.3 or 1.4 prior to capital raising, don't want to be trapped long on this one.

You are misinformed. Yes they will eventually have to do so but they have no "need to" as you wrongly state. If you understood the low cost of drilling and labour in Indonesia compared to Australia you would realise you have made an error in judgement.

You certainly didn't "believe in the story" for long. If simply trading in and out why not just say so, nothing wrong with trading. But don't make assumptions and statements that aren't factual.

They may or may not do a CR prior to June, but they don't "need to" as you wrongly stated. They will need to before the year is out though.

Also I have done the opposite to you, as I truly "believe in the story". I bought a load more shares as the new management has a known history of doing CR's including all shareholders, not just to a select few. If they do so again I intend to take part and increased my position significantly to enable a decent slice of the pie, and any free oppies that may come out of it. If they don't and only do to SI's then I will hopefully be inline for a slice.

Each to their own though, so good luck.

ps.
Purd gave you some good advice, you don't have to take any notice but that would also be a mistake IMO.

 

[Chasero]

Re: QPN - Quest Petroleum

You are misinformed. Yes they will eventually have to do so but they have no "need to" as you wrongly state. If you understood the low cost of drilling and labour in Indonesia compared to Australia you would realise you have made an error in judgement.

You certainly didn't "believe in the story" for long. If simply trading in and out why not just say so, nothing wrong with trading. But don't make assumptions and statements that aren't factual.

They may or may not do a CR prior to June, but they don't "need to" as you wrongly stated. They will need to before the year is out though.

Also I have done the opposite to you, as I truly "believe in the story". I bought a load more shares as the new management has a known history of doing CR's including all shareholders, not just to a select few. If they do so again I intend to take part and increased my position significantly to enable a decent slice of the pie, and any free oppies that may come out of it. If they don't and only do to SI's then I will hopefully be inline for a slice.

Each to their own though, so good luck.

ps.
Purd gave you some good advice, you don't have to take any notice but that would also be a mistake IMO.

It was my understanding that they needed 6m to deploy the rigs needed for the June drilling.

They have considerably less in cash at bank atm.

That was what I understood from that report release. I am wrong on many occasions, and may well be wrong again.

Best of luck to you.

I actually DO believe in the story. But I have profits to protect and will protect it if I believe I can buy in cheaper and safer at a later time. All IMO.

I am sorry if my 'attitude' or 'inexperience' comes across in the wrong way. I am quite young and am still learning.

 

[hangseng]

Re: QPN - Quest Petroleum

It was my understanding that they needed 6m to deploy the rigs needed for the June drilling.

They have considerably less in cash at bank atm.

That was what I understood from that report release. I am wrong on many occasions, and may well be wrong again.

Best of luck to you.

I actually DO believe in the story. But I have profits to protect and will protect it if I believe I can buy in cheaper and safer at a later time. All IMO.

I am sorry if my 'attitude' or 'inexperience' comes across in the wrong way. I am quite young and am still learning.

The above mentioned broker research report suggested they may need 6m this year to complete the drilling program. Neither they nor the company stated they need it by June. They actually don't need it by June to commence the drilling and 2D seismic program.

You have also overlooked other options that could present themselves. Such as a farm in arrangement similar to that of NWE, resulting in NWE being free carried into a major program.

With oil and gas it isn't always a CR, accurate research goes a long way when making decisions. It seems you jumped in and out very quickly on a whim...based on wrong information.

 

[basilio]

Re: QPN - Quest Petroleum

I think there are many shades of grey in analysing stocks and their capacity to rise or fall. In many cases the rise and fall of stocks is totally unrelated to what is actually happening on the ground.

From my observations short term trading is about identifying a particular reason why a share might rise/fall in a few days or weeks and making a profit on that event. It could be the run up to a drill, an announcement or probably just a well planned pump and dump. In the short term all that matters is making a buck on the trade regardless of the intrinsic value of the business.

Hangseng may well be correct in suggesting that QPN has a very bright future. But when dealing with the small mining stocks almost all of the money is made from trading shares, setting up the companies or promoting them. In my view it is a big casino..

 

[hangseng]

Re: QPN - Quest Petroleum

In my view it is a big casino..

Not to much argument there, except I don't go to the casino, I leave that for dice throwers.

Being on the right side of knowledge and in front of the pack instead of chasing stocks reduces risk greatly. Takes time in researching data, but it takes the "casino" and emotional knee jerk reactions out of the decision making.

With me it is simple they either have something or they don't. If they don't I move on, if they do I take a position provided the entry point is to my liking technically. That massive gap above QPN made this an easy decision when it was unloved and flatlining. The FA was telling me it was a screaming buy, the TA told me nobody was watching.

Far from a casino decision.

Also to be quite candid, the sceptic in me tells me there could possibly be a pre-CR pump when the time comes. Safe to say I believe we have all seen this on occasions. It may or may not happen but let's see once drilling commences and they strike gas. The latter is highly probable at Ranau, just a matter of how much they hit and it certainly would help things along.

I have seen some valuation outcomes done on QPN and disregarding the massive upside, the mkt cap should be at least $40m on what they have in hand now. If they strike gas as expected then the numbers are mind boggling for a minnow like QPN. I will try to dig up some information on this from those doing these valuations and post here.

Although I know the figures being touted as a target sp, I won't post that until I can get more information to justify it. Suffice to say it would take a major gas strike such as that of nearby Pertamina has done recently, within 50kms of Ranau PSC.