NDO - Nido Petroleum

[adds]

What happened today? I'm noticing a lot of big trades went through today, a few around the 100k mark and one as big as 165k worth for 1mil units! There was also a number of trades between 20-50k worth. I wonder if someone knows something... Maybe the JV is coming? or is this purely due to the rising POO? Sandy can your contact help with this also

 

[S73417H]

POO pushing through to $60. Investors moving stronger towards oil. NDO starting to generate sustainable income. Other wells looking more and more likely to come to fruition in the next year. And the farm-in partner still looming. There is lots on the horizon. NDO is still highly undervalued and investors know this. Confidence is returning.

Lots of factors are influencing recent profits.

 

[monkeymajik]

I'm a bit slow on the old uptake and was one of the many who got in yesterday.

Better late then never.

 

[sandybeachs]

oil production restarts at Galoc Oil Field

this is great news.

especially with an oil price thats heading upwards.

Palawan Light may be fetching around US$57BBL. (Brent currently around US$58.50bbl)

Nido's interest approx 3,200BOPD.

 

[sandybeachs]

Nido's AGM this Friday 15/5

phew i'm glad they have Galoc up and running again.

past 12 months have been positive for Nido, for example 2 oil discoveries Tindalo #1 & Yakal #1.

Galoc has provided a good cash flow (although it could have been better).

we may see share price go higher after presentations.

 

[sandybeachs]

Re: oil production restarts at Galoc Oil Field

this is great news.

especially with an oil price thats heading upwards.

Palawan Light may be fetching around US$57BBL. (Brent currently around US$58.50bbl)

Nido's interest approx 3,200BOPD.

another update just out..

oil production hasn't actually started yet, still undergoing testing..

that's a shocking mistake by Nido.

here's hoping production starts a.s.a.p

 

[monkeymajik]

Third update, back producing again 6 days after disconnecting due to typhoon.

Nido also wishes to advise that:
• On 6 May 2009 it received the proceeds from the sale of crude oil cargo number 4 direct from the buyer.
• Proceeds from cargo number 5 (approximately 75,000 barrels net to Nido), which has just been lifted, will be received in early June;
• Cargo number 6 is scheduled for offtake in early June; and
• Since our last notification to the market, cargo number 7 has now been forward sold and is schedule for offtake in late June/early July

 

[sandybeachs]

Re: oil production restarts at Galoc Oil Field

another update just out..

oil production hasn't actually started yet, still undergoing testing..

that's a shocking mistake by Nido.

here's hoping production starts a.s.a.p

annoucement just out, seems like Galoc is now flowing..

Brent currently US$59.70BBL, Palawan Light could be fetching around US$58bbl..

keep the faith..

 

[sandybeachs]

we may crack 20 cents by weeks end

with a little bit of luck we may crack 20cps by weeks end.

news will spread that Galoc is flowing again.

there's a good possibility that oil could hit US$60bbl this week (currently Brent US$59.63bbl).

Nido's weekly chart also looking good.

 

[S73417H]

Great announcement from Nido today. They have committed to pursuing Tindalo now. This means that within a year NDO's income has to potential to double. Great long term prospect.

 

[monkeymajik]

Expected NDO to bounce back today with the oil price? Maybe loss in confidence due to retirement of Director announcement?

 

[glads262]

Interesting one this.

Talk on Hotcocker, is that fund managers that bought in sub 10c, are selling into the rally from the Tindalo announcement. A profit is a profit.

This makes sense, as they need volume to sell into.

This may have capped the SP. There are still a lot of traders hanging around though.

Question is, long term buying should still be coming through - when will this begin to happen again??

NDO is still a bargain at 15c, With the Galoc production probably worth this much per share. Then there's Tindalo, 21 other prospects in SC54, and the elephants in the other prospects that will be drilled with a farm in.

Perhaps, if NDO has spare funds towards the end of the year (quite possible if POO keeps moving higher) they may drill another couple?? Would be risky doing it themselves, but hey - what is the cashflow for?? And if no-one is willing to farm-in at the moment - it just leaves more spoils for NDO if they strike.
This future drilling will be what propels the SP.

 

[fureien]

ive been following this stock since it was under 10 cents. but i had all my capital tied up in other stocks. in light of recent news ive decided to put my money into ndo, main reason being that its a very very nice looking long term stock. and as glads262 put it nicely, ndo is still a bargain at 15cents

 

[nick2fish]

Quote From Nido Web page
"You will notice an announcement regarding the selling of shares by myself and my partner. In these times of uncertainty, I believe there is a higher level of disclosure required. Australia is a great country but a very expensive place come tax times. The stock sold was to pay the tax man and is no reflection of the quality of the company and the future that it presents to all of us.

Thought you might like to know.

Cheers

David Whitby"
Unquote

And yes I did want to know and now that I do all is good

 

[adds]

Hi All,

A good day for NDO and looks like its got a fair bit more to go. I see a large H&S (yellow line represents the neckline) and more recently (I'm not Elliot Wavist) but I see we've just had a 5 wave uptrend, followed by a 3 wave corrective pattern. Can we get an experienced Elliot Wave practitioner to comment on this?

All other indicators are looking good increasing volume, rsi pointing up, macd about to cross over, POO in an uptrend currently at $66.

Disclaimer: I'm no Elliot Wavist (but am trying to learn). I hold. Remember DYOR.

Chart:

 

[S73417H]

Hi All,

A good day for NDO and looks like its got a fair bit more to go. I see a large H&S (yellow line represents the neckline) and more recently (I'm not Elliot Wavist) but I see we've just had a 5 wave uptrend, followed by a 3 wave corrective pattern. Can we get an experienced Elliot Wave practitioner to comment on this?

All other indicators are looking good increasing volume, rsi pointing up, macd about to cross over, POO in an uptrend currently at $66.

Disclaimer: I'm no Elliot Wavist (but am trying to learn). I hold. Remember DYOR.

Chart:

Very nice technical analysis. I would also be very interested in getting an Elliot Wave analysis on this one.

 

[stocksontheblock]

Hi, I have been reading the posts around this stock and it appears to have some legs in the long run - I mean in the next couple of years! I only came across them a few weeks back and have them in my watch list.

Not looking for advice - as such - yet have about a $1000 to spend on a small cap stock which might make some great returns in the long run. Trading at .15c to .18c it looks like it could be a nice earner.

However, just looking for any opinion, good or bad, on whether this stock might really have the long life that I think it has. Once again, not looking for indepth analysis, yet just a general: this is a good stock, so go and take the punt, or put your money elsewhere as the potential on this stock is not as good as it might appear.

Thanks for your help guys & girls.

 

[fureien]

Hi All,

A good day for NDO and looks like its got a fair bit more to go. I see a large H&S (yellow line represents the neckline) and more recently (I'm not Elliot Wavist) but I see we've just had a 5 wave uptrend, followed by a 3 wave corrective pattern. Can we get an experienced Elliot Wave practitioner to comment on this?

All other indicators are looking good increasing volume, rsi pointing up, macd about to cross over, POO in an uptrend currently at $66.

Disclaimer: I'm no Elliot Wavist (but am trying to learn). I hold. Remember DYOR.

Chart:

hey adds can you explain how rsi, poo (also wat does POO stand for, when i first heard it i thought it was a stock code lol) and macdur shud be used. like u said macd about to cross over. clearly thats an indicator, but how do we use it. like what do they indicate?


in other news, this stock is like a tortoise, slow creeps upward but its going up never the less!
ive been watching it since it was 9 cents, but finally bought in at 15 cents, ever since then its made no intra day movements, but its now 17.5 cents purely from high day opens lol
my portfolio says 0% change every day but over im up like 17%
i find this hilarious

 

[adds]

hey adds can you explain how rsi, poo (also wat does POO stand for, when i first heard it i thought it was a stock code lol) and macdur shud be used. like u said macd about to cross over. clearly thats an indicator, but how do we use it. like what do they indicate?


in other news, this stock is like a tortoise, slow creeps upward but its going up never the less!
ive been watching it since it was 9 cents, but finally bought in at 15 cents, ever since then its made no intra day movements, but its now 17.5 cents purely from high day opens lol
my portfolio says 0% change every day but over im up like 17%
i find this hilarious

Hi Fureien,

Check out http://stockcharts.com/school/doku.php?id=chart_school:technical_indicators for a list of indicators and how to use them. It has a list of the indicators including the ones I've mentioned. For me to explain it properly its hardly going to be a small post. Macd and rsi are probably 2 of the most popular indicators so I would recommend reading up about them.

As for POO it stands for Price Of Oil.

Hope this helps.

Cheers,

 

[S73417H]

After reading up a bit more on the Elliot Wave pointed out by Adds, I must say, NDO has reflected the wave to perfection.... Just thought I would drop that in. Again, nice spot Adds!