NDO - Nido Petroleum

[rhyslivs]

I've got a question thats not necessarily specific to NDO but relates to it. How do the trader's know where they are going to congregate for a day? It fascinates me!

Also, it looks like some longer term resistance at 12c. Could go for a decent run if it breaks through that.

 

[glads262]

it depends on the size of the traders. Todays turnover so far is "only" 10 million shares. Thats "only" a million bucks.

If traders are taking large positions of $50k on the stock, thats only 20 traders.

There are huge orders in the queue, but again this could only be a handful of traders. They are playing each other.

Personally, I don't have the balls to throw this sort of money around an otherwise illiquid stock. It only takes 2 or 3 BUY orders to disappear for the SP to fall apart quickly as everyone moves to sell out of their position.

 

[S73417H]

Great to see shipmentss coming out of Galoc.


http://www.philstar.com/Article.aspx?articleId=454941&publicationSubCategoryId=66
http://mb.com.ph/articles/201313/4th-delivery-galoc-oil-set-next-week

 

[S73417H]

Does anyone believe that OEL's recent misfortune in failing to secure a positive farm-in agreement with BHP affects NDO in any way for better or worse?

http://www.upstreamonline.com/live/article175099.ece

 

[J.B.Nimble]

I doubt that OEL's failure to satisfy all necessary conditons and approvals by the HOA deadline says anything meaningful about NDO's prospects for doing the same. I think this speaks more of OEL rather than the projects and prospects.

 

[S73417H]

Any thoughts on the appointment of William Bloking as chairman of Nido? He certainly seems to have some fantastic credentials as former President of Australia Gas of BHP Petroleum.

 

[J.B.Nimble]

Any thoughts on the appointment of William Bloking as chairman of Nido? He certainly seems to have some fantastic credentials as former President of Australia Gas of BHP Petroleum.

Credibility and connections... can't hurt.
Hmmm... wonder if BHP will be in the shortlist for farm-in partner.

 

[spottygoose]

Any thoughts on the appointment of William Bloking as chairman of Nido? He certainly seems to have some fantastic credentials as former President of Australia Gas of BHP Petroleum.

And then there was NWE, not so great.... better luck with NDO I hope. fill in, fill in, fill in etc etc etc blah

 

[S73417H]

Hmmm... wonder if BHP will be in the shortlist for farm-in partner.

I suspect they are. The hiring would certainly help in better aligning Nido with BHP. Either way, he looks to have the skills required to make things happen.

 

[adds]

a lot of buyers trying to get in at .10 the past couple of days, and still a few wanting in at .10. A lot seem to want to sell at .12 so assume this is the traders having fun... Anyone got any thoughts on the market depth?

 

[J.B.Nimble]

a lot of buyers trying to get in at .10 the past couple of days, and still a few wanting in at .10. A lot seem to want to sell at .12 so assume this is the traders having fun... Anyone got any thoughts on the market depth?

Plenty of bucks being made trading this but the real story is fundamentals (good enough) and potential (outstanding - 11 billion bbl prospects). Longer term I'm confident this will go on a long journey in the right direction

 

[glads262]

a lot of buyers trying to get in at .10 the past couple of days, and still a few wanting in at .10. A lot seem to want to sell at .12 so assume this is the traders having fun... Anyone got any thoughts on the market depth?

I'm with you on the traders. Need some genuine buyers to come in to push the SP higher. I guess a lot got in in the 8/9c marks, and are happy to make a short term profit at 10.5/11c. Doesn't look like traders can push this too much further with 3/4 million volume at 11/12c.

Perhaps some fresh news will be the only thing to do it (or a POO spike)
Anyone have insight into when any drilling results should be out?
Waiting for that farm-in too!

 

[glads262]

Director selling 1.5 million shares not helping either. thats about half of yesterdays volume. This may have been what has stopped the rise in the past few days. Thanks Joanne.

 

[S73417H]

Perhaps some fresh news will be the only thing to do it (or a POO spike)
Anyone have insight into when any drilling results should be out?
Waiting for that farm-in too!

No farm-in yet, but at least they are moving some nice orders now.

http://www.istockanalyst.com/article/viewiStockNews/articleid/3197826

 

[S73417H]

Seeing this back and forth trading again. When will these traders bite the bullet and keep some money in the pot?! :

 

[nick2fish]

Maybe they left some in today, 17mil vol and 16% rise...and of course no news, that I am aware of.

 

[Adam A]

Had a small write up in the weekend fin review,mentioning that nido has two oilfields comming online in the next 12 to 18 months

Could explain the rise?

 

[nick2fish]

Thanks Adam, missed that one. 17 mil volume represents a fair bit of interest for the rise makes me think of an insitutional buy or some spec on upcoming news. Cheers

 

[jonojpsg]

Had a small write up in the weekend fin review,mentioning that nido has two oilfields comming online in the next 12 to 18 months

Could explain the rise?

Yep, saw this and I figure that's exactly what's given it a boost. Weekend fin rev has readership of 180thousand and I would think that many of those would have the resources to shift some cash towards potentially rewarding investments. Even if only 1 in 100 did something about it that still makes an extra 1800 punters having a go.

Let's hope they spruik it to all their mates as well

 

[S73417H]

Interesting. Very strong volume today. Strongest rise in quite some time. Will be nice to see if this is NDO making the break to the 15c-17c mark.