LNC - Linc Energy

[dogeatdog]

I think something is about to happen at Linc! waiting on announcment.

Geoff! There is always "something about to happen at Linc". Care to elaborate, or offer a link to something that induced you to write your first post on this thread?

 

[Mickel]

Oil flowing at Umiat !

Good news in the latest announcement from LNC.

The oil is flowing at well #18 and LNC is in the process of flow testing it with results to be announced over the next 7 to 14 days.

http://www.lincenergy.com/data/asxpdf/ASX-LNC-482.pdf

S/P reached a high of $2.02 so far today and is currently $1.98 (up 13c today).

There is a photo of Well # 18 (included in the announcement) .

The flow rates of this well and the horizontal well to be drilled next are critical in establishing Umiat as a commercial field.

 

[basilio]

Well that is a promising start.

Interesting how the "market" is reacting at the moment. When LNC announced the potential to develop its Akaranga oil shale tenements the market went berserk. Screamed through $2 and reached $3 on the strength of some very ambitious, very speculative "might" "maybe" "possible" statements.

Three months later and we are back to $1.86 and the news of a promising flow from Umiat, which appears far more likely to produce big bucks within the next 3 years, scores a minor bump.

I think the speculative element of the stock market has totally evaporated in the past 6 weeks. It's not just with LNC. Many other stocks with excellent news actually falling on announcement !

 

[dogeatdog]

Well that is a promising start.

Interesting how the "market" is reacting at the moment. When LNC announced the potential to develop its Akaranga oil shale tenements the market went berserk. Screamed through $2 and reached $3 on the strength of some very ambitious, very speculative "might" "maybe" "possible" statements.

Three months later and we are back to $1.86 and the news of a promising flow from Umiat, which appears far more likely to produce big bucks within the next 3 years, scores a minor bump.

I think the speculative element of the stock market has totally evaporated in the past 6 weeks. It's not just with LNC. Many other stocks with excellent news actually falling on announcement !

Your right Bas.
The global macro conditions, and recent commodity price declines, are fueling fears.
Let's hope confirmed positive results from this well will give credibility to Linc/PB, and drive the SP higher, rather than just speculative statements, from PB and various analysts.
(LNC share holder)

 

[dogeatdog]

Another disappointing announcement today, sending the SP down a close of A$1.50.
www.lincenergy.com/data/asxpdf/ASX-LNC-486.pdf
This news, and the lack of progress with alternative areas of the business, will no doubt create a good opportunity to short the stock.

(LNC share holder)

 

[basilio]

This is a very savage response to the Unimat news. I can't see how the real value of the company has been devalued by 25% because of the relatively small mechanical glitches in the first drills. After all they did find 100 feet of oil bearing material.

It seems that the only way for the resource sector stocks is down. No real rhyme or reason - just sentiment. So the shorters are just accelerating the process.

 

[johnpw]

A good buying opportunity?

 

[basilio]

Anyone with Balls of Steel could make a motza picking the bottom of LNCs drop and watching it recover.

Any takers ? Or have we all been skewered by falling knives ..

 

[johnpw]

Anyone with Balls of Steel could make a motza picking the bottom of LNCs drop and watching it recover.

Any takers ? Or have we all been skewered by falling knives ..

LOL - I've gone for a buy order at 1.20. It'll bounce back to $3 at some point - it always does if you're willing to wait. Lets just hope the waiting periods are getting shorter and Mr Bond still has a few PR stunts up his sleeve. China partnership to the rescue maybe?!

 

[dogeatdog]

LOL - I've gone for a buy order at 1.20. It'll bounce back to $3 at some point - it always does if you're willing to wait. Lets just hope the waiting periods are getting shorter and Mr Bond still has a few PR stunts up his sleeve. China partnership to the rescue maybe?!

History is not guaranteed to repeat itself JP, but I agree PB now has his fingers planted deeply into many pies. Hopefully for us share holders, positive news will follow el rapido.
In the short term at least, the stock once again offers a wonderful day trading opportunity.

 

[basilio]

Who is manipulating share prices on the stock market - in particular LINC ENERGY ?

It has been a very crazy, frustrating ride with LNC over the past few years hasn't it ? Many people have voiced concerns about systemic short selling and conflicts of interest with large financial institutions. Along the way investors have lost not only their fingers but arms legs and everything in between.

One particular investor has taken the trouble to investigate and document what has happened with LNC shares from 2010 - 2013. Its a long read but IMO well worth the time. Far more significantly however it opens the question of market manipulation and the role that ASIC or other financial institutions should take to ensure transparency in the marketplace.

The researcher does not focus solely on LNC. If you followed CUDECO with much frustration in the past few years you can check out the analysis on that share

I will also open this topic for discussion on the general investor forum.

Cheers

http://www.scribd.com/doc/139929124/7-2-Further-Research-Into-ASX-200-Companies-Linc-Energy-LNC

 

[rbgmauq]

The Western Australian government ratified an agreement to develop the vast onshore Canning Super Basin, in order to exploit the rich shale gas fields. Linc announced in January that it had found ‘significant’ shale oil deposits in South Australia, and investors may be hoping that the South Australian government follows in the West’s steps. Recently the company also announced that its Umiat oil field in Alaska is expected to produce 50,000 barrels of oil per day, during peak production. Technical buying signal is on.

 

[tech/a]

Don't know why my inert comment was deleted.

One of the reasons I use technical Analysis rather than continually trying to guess what's going on with all sorts of material put out there.

Every chart tells a very clear story.
No need to risk your holdings.
Why you'd hold after the evidence seen on the chart just eludes me.

Surely a rudimentary knowledge would save people $1000s??

Click to Enlarge.

 

[Boggo]

Every chart tells a very clear story.
No need to risk your holdings.

Exactly, and those who complain about this or any similiar stock, it's not the stock that is the issue, it was you that kept holding it as it fell.

Tell me again who's fault it is that you are in the red, you or those dastardly short selling manipulators

 

[tinhat]

Don't know why my inert comment was deleted.


Surely a rudimentary knowledge would save people $1000s??

View attachment 52110

I've never owned LNC but I appreciate your annotated graph. Thanks.

 

[basilio]

Thanks for the graphs Tech/A. Very illuminating. For example it would certainly have made sense to consider an exit at the high points of LNC's SP wouldn't it ?

However I believe we are talking at cross purposes here. I opened this discussion on apparent evidence of a strategy that seems to be used by some larger entities to push down the price of LNC for their advantage. As I see it, it is similar to other tactics that are used and legislated against by market regulators. For example insider trading, issuing of misleading information and so on.

That is the issue under discussion not the ups and downs of LNC per se.

 

[tech/a]

Thanks for the graphs Tech/A. Very illuminating. For example it would certainly have made sense to consider an exit at the high points of LNC's SP wouldn't it ?

However I believe we are talking at cross purposes here. I opened this discussion on apparent evidence of a strategy that seems to be used by some larger entities to push down the price of LNC for their advantage. As I see it, it is similar to other tactics that are used and legislated against by market regulators. For example insider trading, issuing of misleading information and so on.

That is the issue under discussion not the ups and downs of LNC per se.

So what your saying is that those investing in LNC have been at the mercy of these dastedly price manipulators.

What I'm saying is you don't have to sit by passively and cop it. At the very latest you should be out after that gap down. More proactive investors with even a modicum of ability would have been out at the crossing of the trend.

If your worried about perceived manipulation learn how to survive it----don't think anyone else will come to the rescue.

 

[basilio]

T/A are there more ways to look at the world than simply through charts ?

I can accept that recognizing when a share has gone too high is a good time to get out. I can appreciate ceratin price signals could indicate a coming fall. (or perhaps not ?))

But I'm not prepared to accept that on top of these factors we have to take market manipulations that are simply there to enrich one party at the expense of others.

Clearly you see this from the a single perspective of a sophisticated investor/individual attempting to gain best advantage of trading. I'm saying that the rest of the investment community needs some protection othwerwise there will be a progressive loss of faith in the stock market with losses to everyone.

 

[5oclock]

TechA, that chart and explanation is a mini how to trade course, well done, and i hope the other posters take note and learn something from it.!

 

[tech/a]

T/A are there more ways to look at the world than simply through charts ?

True but in the world of trading i have found no better nor as profitable.

I can accept that recognizing when a share has gone too high is a good time to get out. I can appreciate ceratin price signals could indicate a coming fall. (or perhaps not ?))

True again.
When Fundamentally investing you are anticipating a move from under valuation to true or even over valuation.
Whether it be entry or exit I'm doing similar in anticipating a move.

But I'm not prepared to accept that on top of these factors we have to take market manipulations that are simply there to enrich one party at the expense of others.

I feel your pain. But you can take control of this without standing silently awaiting the authorities to clear the field. There are always people exploiting any opportunity they see as beneficial to them. You and I are no different. Increase your edge.

Clearly you see this from the a single perspective of a sophisticated investor/individual attempting to gain best advantage of trading. I'm saying that the rest of the investment community needs some protection othwerwise there will be a progressive loss of faith in the stock market with losses to everyone.

The stock market has endured all kinds of attempts and methods to tilt the scales one way or the other.
Whinging that the playing field isnt level wont make you or "The Community" any more likely to gain a profitable advantage than if we maintain the status quo.
Whats next "Bots". High Frequency trading.-----

Loss of faith comes from those who allow others to control their financial future and become exasperated when they find that their GURUS (Managed Funds etc) cant protect them from economic re balance.
Or Private Investors who simply buy a stock based upon "Their" valuation and anticipated future value only to see that fall terribly short.

As they cant possibly be wrong---it must be some other dastardly reason---beyond their control.
They simply sit --watch--and complain.