NDO - Nido Petroleum

[jonojpsg]

Nido in the news today. Failing to meet stated resumption of production...

http://www.bworldonline.com/BW021909/content.php?id=041

Still, i think it's probably a great time to buy. At current price it looks to be ripe for the picking. Might top up tomorrow.

Hmm, yes I considered that today as well. Was wondering what was happening with the reconnect, but I guess if they can improve their disconnect rate significantly while they're at it then it will pay off fairly quickly. Definitely agree that on resumption of production there should be a reasonably profitable trade to be made if one got in now IMO

Might join you on that top up
DYOR

 

[S73417H]

Well it's about time! Production is once again online. Now my sights are set on finding that strategic partner.

 

[jonojpsg]

Hmm, yes I considered that today as well. Was wondering what was happening with the reconnect, but I guess if they can improve their disconnect rate significantly while they're at it then it will pay off fairly quickly. Definitely agree that on resumption of production there should be a reasonably profitable trade to be made if one got in now IMO

Might join you on that top up
DYOR

Was this a no-brainer or what Sold down on production issues which were always going to be solved positively, and made 30% gain in two days. Did anyone else get on this? Just kicking myself that I didn't chuck everything I had into it, could have made back some of the @#%!load of losses from the last 12 months

 

[S73417H]

I certainly cashed in on it. Have made a nice little packet over the past two days. However I'm not ready to run for the hills yet! With steady income and the strategic partner search still underway I'm going to ride this one out.

Rises in oil prices will really help the Nido cause as well

 

[glads262]

Good trading for the past few days!
Have made some on a buy @ .067, and will hold. But I have purchased and held at .50, .12 and .08. Probably breaking even.

I think this share is probably the pick of the Australian listed Juniors. They have fantastic tenements, they are making cash to fund exploration (which has been successful.)

Just like everyone else though, they need a higher oil price, as this will help not only NDO, but any potential investment partner for their much larger tenements!

I would think that with a December deadline for submissions, NDO probably knows who would LIKE to participate, but no-one is willing to sign on the dotted line whilst their own cashflows are under pressure and they cannot afford their own exploration/development let alone anyone elses.

I am willing to hold for the long term, as I am a believer that the oil price will begin to improve in the next 3-6 months, which should assist NDO & its quest to find a partner.

 

[nick2fish]

Jeez,news on finding a 30 million barrel resource ain't what it used to be

do you reckon the story to my grandkids that I brought NDO at 0.8c will be a hard sell or what

 

[glads262]

Nick, I have visions of you bending over your walking frame, chuckling fondly!!

I think this stock has fantastic potential (refer previous post) and, factoring in a much higher oil price ($100-200 per barrel) in 5 years time, should be trading at huge multiples to where it is now. Its share price reflects a company with only 1 oil prospect, currently producing all right cash - but with a life of 10 years or so (I think that is what the production life of Galoc is)

There is absolutely bubkis priced in for the two new discoveries, or any of the other potential finds out there - not to mention being priced at current oil prices. Even if POO moves up to $75 bucks, this will roughly triple current cashflow. Will this result in a tripling of the share price?? Lets see...

PS - maybe you should keep a journal - this should provide the grandies with a riveting bedtime story!

 

[nick2fish]

They'll never sleep for a week, if I don't leave anything out...

I worry that with the downward pressure on the NDO sp that I am missing something. Oh well if it gets to 0.7c, I'm in again and I see another story coming up Cheers

 

[glads262]

Judging by the rest of the market, it is just generalised selling. Perhaps margin calls?
If NDO is up for the last few days, typical investors sell shares that they are "ahead" with because it makes sense to sell out if you have made money instead of selling the dogs in your portfolio that you are losing on - hanging on until you have "made your money back"

I'd refer to my previous post again - if the SP drops back a little, it should be supported by smart money entering the stock - those that beleive in the long term prospects (ie such as the buy in's from fund managers recently around 6/7 cents.

 

[S73417H]

In again yesterday at 0.078. Was counting on the price to complete a Bollinger bounce and head for greener pastures. Payed off well

 

[nick2fish]

Well its payday for you today, my friend
NDO doing some serious trendbusting, somethings up and it must be good

 

[S73417H]

Yes indeed, I have been watching it like a hawk since the open . Expecting big things in the coming weeks. Do you think this new interest has been sparked by Kairiki's farm-out news?

 

[nick2fish]

Yep should help out quite a bit, but that was last weeks news. Today up 12% as I write on 11 million shares, and more importantly against a decline in oil stocks, I am thinking more news to come. Lets hope so....

 

[glads262]

Could be new news, or just institutional buying for end of quarter. There has been a bit of interest of late. Good volume though. Would love to see this one in the double digits (ie 10c, 11c) as this should give people further confidence that company isn't just a penny stock, and hopefully more inst have a look at it. It is an ASX200 stock after all (I think from memory...)

 

[glads262]

Wish I put my money where my mouth is. Just watched 4million volume in about 7 minutes. The buys are building at 10c, the sellers at 10.5c are being knocked out. NDO is up 10% on a day where POO is down 7%. Interesting. May still be institutional placing???
I notice NDO got speeding ticket which it screwed into a ball and threw out the window (ie no information forthcoming)
Anyone got any further hypothesis?

 

[rhyslivs]

Does anyone else feel that the trader's may have gotten hold of NDO in the last couple of days?

Its behaving like SDL was a bit under a year ago.

 

[glads262]

You might be right. Depth showing large build in buys now at 9.9c with HUGE build in sells at 10.5c. With huge volatility over the last few days, this is not how this stock has behaved since I have been watching. Perhaps traders buying at 9.9c/10c hoping to sell at 10.5c?? or vice versa?? or both happening at once??

 

[S73417H]

There is some fundamental force driving this stock up and I cannot see one other than finally reaching a farm-in agreement. Up another 8.25% today as a result of this posting. I smell something brewing and it smells sweet.

Then again I could be completely wrong and it is just institutional buying.

 

[jonojpsg]

There is some fundamental force driving this stock up and I cannot see one other than finally reaching a farm-in agreement. Up another 8.25% today as a result of this posting. I smell something brewing and it smells sweet.

Then again I could be completely wrong and it is just institutional buying.

I find it difficult to believe that management would respond so flatly in the negative to the speeding ticket if they were close to signing a deal. They stated that any discussions were in the early stages, which I would have thought means at least 1-2 months until anything comes of them.

 

[J.B.Nimble]

Does anyone else feel that the trader's may have gotten hold of NDO in the last couple of days?

I've no doubt they have and not for the first time. This has been a bit of traders favourite. I don't mind taking some profit while they play

There is some fundamental force driving this stock up and I cannot see one other than finally reaching a farm-in agreement. Up another 8.25% today as a result of this posting. I smell something brewing and it smells sweet.

Then again I could be completely wrong and it is just institutional buying.

This must be one of the most anticipated farm-in deals of recent times so it remains to be seen whether an announcement will give us much of a lift - see Shell/FAR for an example of that. I think the movement is as fundamental as slowly rising POO, building awareness that peak oil has not gone away, and the thought of 11 billion barrels off shore Palawan. If the traders want to play along they are more than welcome, but I hope to be still holding a few when we get a welll down in the deep water...