Australian (ASX) Stock Market Forum

LNC - Linc Energy

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About 1.80 is what i thought LNC was good value. Have been here before with FRG not going to sell out at this point. would like it to it consolidate here fore a while and then power on with justified increases in line with increased asset valuation. here's cheers to all those who have stuck to there guns telling anyone who would listen.

L/T and sometimes suffering Share Holder.
 
:)For the record in this thread, LNC finished yesterday at $1.80 up 24.5c on turnover of 11.69M shares.

What will happen today ?

Some techies are saying it will consolidate around $1.80 while others are suggesting a pullback after such a hard run up.

Me ? I'm hanging on for the ride, as in the short term I think it will pass resistance at $2 and reach $2.50 at least.:)
 
Another great day for LNC !

Currently up 17c at $1.97 on turnover of 12 M.

It did reach a peak early in the day of $2.06.

If the pattern of the last few days is repeated, it will surge again in the last
trading hour. However having already hit a peak and then coming down, it may
hover around the $2 mark.

It would be good for the S/P to settle around this figure for a few days, to form
a base to defend the S/P, if sentiment (incl general market sentiment) turns
negative.

Any comments ?:)
 
Think we will have some profit takers and may see it close well off the highs.

I'm holding (long term) on for the ride. :D
 
So LNC finished at $1.96 on Fri on sales of 13.3 M shares. After touching $2.06 it dropped back to around $1.93 before rallying to the closing price.

With LNC performing so well lately, it's disappointing that so few posters are commenting. I can only surmise that many posters were badly burnt when the S/P plummented and have vowed not to touch LNC again.

Some techies are of the opinion that if LNC can finish above $2.00 there is very little resistance through to $2.50. Others are suggesting that the S/P will hover and consolidate just below $2 for a short time before moving ahead. However, any more good news (and there should be before 31 Jan) is most likely to propel LNC over the $2 mark very quickly.:)
 
Mickel said:
So LNC finished at $1.96 on Fri on sales of 13.3 M shares. After touching $2.06 it dropped back to around $1.93 before rallying to the closing price.

With LNC performing so well lately, it's disappointing that so few posters are commenting. I can only surmise that many posters were badly burnt when the S/P plummented and have vowed not to touch LNC again.

Some techies are of the opinion that if LNC can finish above $2.00 there is very little resistance through to $2.50. Others are suggesting that the S/P will hover and consolidate just below $2 for a short time before moving ahead. However, any more good news (and there should be before 31 Jan) is most likely to propel LNC over the $2 mark very quickly.:)
Click to expand...

I haven't commented because my jaw is still on the floor. Having recently bought around 80c and sold for a 30c profit thinking I am awesome... I am too annoyed to even have it up on my screen.

I think LNC will still be a fantasic trading stock for the next few weeks, but the quarterly update will provide firm new direction one way or another.
 
Well, the bubble certainly burst this morning. Trading between $1.715 and $1.89 and currently at $1.78 on turnover of 4M shares.
Some opinion is that it will consolidate between $1.72 and $1.96 but if negative sentiment takes hold , it could fall to $1.29.

Some day traders are selling around $1.80 and buying in around $1.73.

I am holding and awaiting more good news which should be forthcoming in the next 2-3 weeks.
 
Would have been good for it to keep going. However I think we all know that at some point everyone was going to stop and take a breath. With all that has been going on more good news is only around the corner. I have always through with the current runs on the board the S/P should be around the 1.70-1.80. Would now like it to jump every time Bondy pulls another rabbit out of the hat. Would like to know if any independent evaluation has been made on the US and Canadian assets?

L/T share holder with Long Term Commitment.
 
Tezzad said:
Would like to know if any independent evaluation has been made on the US and Canadian assets?

L/T share holder with Long Term Commitment.
Click to expand...

Tessad, I think you meant to say "US including Alaska assets" as they don't currently have any assets in Canada.

LNC in their presentation, before they sought finance for the US oil and Gas assets, produced some asset valuations. While not independent, they were based on various outside imputs. They were as follows-

Gulf Coast (@4000 bopd) $504.5 M

Alaska $100- $200 M

Wyoming $20- $30 M

refer (from page 10 on) http://www.lincenergy.com/data/asxpdf/ASX-LNC-419.pdf

Obviously the Gulf Coast assets are now worth more with the increased production rates. And the Alaska assets could increase dramatically if there are some good oil strikes over the next few months.

Looking forward to much more good news from LNC in January and the next few months.
 
Not an hour into the day yet and LNC has manged to fall to $1.64 from its $1.75 close - and then roar back to $1.89 - its current price.

Some very creative trading at the moment.
 
Yes Bas. Very wild trading in the first hour.

Opened at $1.735, dropped to $1.64 then rose to $1.89 in the 1st hour, before trading in a tight range and finished at $1.855 (up10.5c) on turnover of 7.6 M shares.

Not able to post a daily chart, but if you check one out, you get an accurate picture of the trading.
 
A similiar trading day to yesterday. Opened and dropped to $1.83 then climbed to $1.97 before settling in a 5c range for most of the day. Finished at $1.935 (up 8c) on turnover of 5.7M shares.
 

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You count to 3.

3 days and an increased or new major holder will be revealed, if that is the case.
3 days are up so clearly some mongaloides have learnt how to press a buy button in an asylum somewhere.
 
When Linc was booted out of the ASX 200 the S/P was around the 65 cent range (I think). Now it is above that and has held around the 1.90 range, one would assume that it will be back in (if it can hold around this level). At what point do the large funds have to hold Linc stock? Do they have to wait until the ratings come out or do they buy back at the point that they bailed out?
 
Tezzad said:
When Linc was booted out of the ASX 200 the S/P was around the 65 cent range (I think). Now it is above that and has held around the 1.90 range, one would assume that it will be back in (if it can hold around this level). At what point do the large funds have to hold Linc stock? Do they have to wait until the ratings come out or do they buy back at the point that they bailed out?
Click to expand...

Hi Tezzad

My understanding is that most large funds use the ASX 200 as a guide for their investments (if they are an index fund they follow it exactly). But apart from index funds, they don't have to hold any particular stock.

The ASX 200 is rebalanced every quarter, with the next one announced in early March to take effect later that month.
http://www.asx200list.com/

Currently (3 Jan 13) there are more than 20 companies in the ASX 200 with a market capitalisation of under $500 M, so LNC should have no difficulty in getting back in the ASX 200 in March.

Trading over the last few days has been somewhat subdued with less turnover and trading in a range between $1.80 and $1.95. A number of Techies have stated this is a good trend as it allows a consolidation of the recent steep increases.

In trading this afternoon LNC appears to be setting a base above $1.95. IMO it will only need one good announcement this week to push the S/P over $2. In the next 2 weeks we should have announcements on 1. Oil shale in Sth Aust, 2. Umiat drilling 1st well. 3 Approval to drill below salt domes in US Gulf Coast and 4 Quarterly Report.

Can't wait !!!!
 
Another promising announcement, but there still seems to be a lot of sellers around the $2 mark? Lets hope when I get home from work everybody is knocking themselves out to get on board.

Excited long time Linc Shareholder
 

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