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NDO - Nido Petroleum

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thanks very helpful mate! yeh i use macd and other stuff, but i never actually understood them or what the lines mean when they cross etc. great link

Price of Oil OHHHH!!! lol everything makes sense now
 
NDO is pushing hard to break the 18c resistance level today. Fingers crossed that it makes it.

Blah blah....
 
What are the short term prospects of this one. I picked up 50000 at 16c last week. I think it looks cheap and could run from here.
 
JWR said:
What are the short term prospects of this one. I picked up 50000 at 16c last week. I think it looks cheap and could run from here.
Click to expand...

Hmm, well the POO rise over the last month has certainly helped and IMO that rise will continue over next six months (although could be ups and downs on the way!).

Announcement re fasttracking production from Tindalo has obviously percolated through and as 2010 approaches will most likely add a few more c to SP.

The biggie though is getting a farmin partner for their potentially huge targets - if/when that happens SP could definitely take off - don't know about timeline for that but negotiations are underway so could happen in next 3-6 months.

DYOR though!
 
NDO has raced up today again. Is it due for a pullback soon, or do you think it will keep going strong? looking at the charts, it looks lovely, but being a fairly small company, I'm worried my profits coulod erode on a couple of bad days. Any thoughts in the short term?
 

JWR you sound like me a couple of years ago Mate if you're in for short term, you need to set yourself targets and stops accordingly. So you have made $2000 on your initial $8000 in a week or so, a 25% gain which is pretty good IMO.

Agreed the SP might continue to run however you need to consider the impact this will have on the market capitalisation, eg at the moment NDO is valued at about $200m. So if the SP runs to 30c, they will be valued at $300m, a pretty hefty jump but not out of the question. The question is, are they worth it? Again, if you're in for short term, ie days/weeks, then who cares if they're worth it as long as the SP rises

An example of what you might do is to set a stop loss at 18c and run with it, if it drops back you still get your $1k profit, and you don' have to worry about whether you lose out. Check each day and move stop loss up with the SP. ANyway, I'm not giving advice, just pointing out a possible course of action - others might disagree and say take your profits, others might say the SP is going to double tomorrow

The important thing is to DYOR and make decisions that YOU are happy with - no regrets!
 

hey jono, what do u mean by it is valued at $200m? how do u calculate this figure? and what does it mean? sorry still learning
 
fureien said:
hey jono, what do u mean by it is valued at $200m? how do u calculate this figure? and what does it mean? sorry still learning
Click to expand...
You times the shares on issue by the current share price to get market capitalisation. If they're at 20c and they have 1b shares on issue they are worth $200m. Need to check how many options they have and calculate what they would be worth if excised to get fully diluted market cap.
 

My good ness posting was made at 1.23 AM .

Don't you sleep Kennas ?

I told before our moderators do not sleep with one eye on this ASF and the other eye on the share chart

Have fun and thanks for keeping ASF a nice one too
 
NDO is looking good. 22.5 to finish the week would be nice looking towards 25.
crude still going up, over 72$ now. Those predictions of 75$ might come true sooner than we thought.
 
Yes, Nido technicals have been looking good for a while now..... and yes we did close in black this arvo

It would be nice to see POO staying above $70.73...the resistance..... Hopefully no Oil traders are taking profits tonight..... so it can estabilise and close around highs $71s to $72's....

That support at 19c - 19.5c is looking nicely done atm..... Hopefully we can break clean that resistance at 22c..... perhaps next week ?

http://www.livecharts.co.uk/MarketCharts/crude.php

Have a nice weekend all
 
Boy I really really wish I day traded NDO today! Big pullback. But at least it has come swift rather than long and drawn out.
 
Good to hear Nido fulfilling another 300,000 barrel shipment the other day. Things are coming along steadily. Right now trading on another point of resistance. Looks like another good entry point around this 17.5c - 18c mark.
 
Quote from Nido website:

“You will notice a milestone with Galoc that was announced to the ASX yesterday – the declaration of commerciality of the field by the Operator, Galoc Production Company (GPC). This validates the work done so far by the consortium and provides us the opportunity to fully develop Galoc if the technical data and oil prices will support the same. We continue to work with the Operator and the rest of our partners to progress the ongoing subsurface work.

Another milestone particular to Nido is the fact that we have surpassed the 500thousand barrels of oil production from Galoc net to Nido. We are certainly looking forward to many more barrels of oil! In the meantime, the field continues to produce and cargoes are being lifted for sale within Southeast Asia. The higher oil price environment has been helpful to our cash position especially as we continue to progress work on the Tindalo development.

Tindalo is occupying our efforts and energy. We are moving along completing our subsurface and engineering studies and evaluating commercial and production options. Our teams in Perth and Manila are working feverishly to get the appropriate permits and approval in place as well. The winter weather in Perth and the rainy season in Manila are certainly not dampening our spirits in this endeavor."

Jocot de Dios

24 June 2009
 
adds said:
The winter weather in Perth and the rainy season in Manila are certainly not dampening our spirits in this endeavor.
Click to expand...

However it wont stop them from having to disconnect the FPSO again today!

On a positive note...

I don't think that it is infeasible to see oil up around $90 a barrel by the end of the year. Nido is still on track for so great growth in the coming 6-12 months.
 
Thought I might just throw a chart up as I haven't seen one on NDO in a while.

NDO Looks like it could be a buy at 17c with a sell at about 25c providing they hold above the current resistance level. I think they might track sideways a little bit longer before making a move. But i wouldn't rule out a break to 15c. Anyone else have a technical / fundamental analysis?
 

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Hi S73417H,

I believe that chart is actually wrong and so is the one I posted previously because IG Markets charts (provided by IT Finance) does NOT chart the exact open/close price particularly for penny stocks. They can NOT chart the 3rd decimal place correctly. Example if NDO closes at 0.185 the chart will show a close of 0.18. I picked this up when charting ndo the other week (see my post here https://www.aussiestockforums.com/forums/showpost.php?p=448844&postcount=314)

I have taken this issue up with IG Markets and this was their response:

In regards to your query, please be advised that the discrepancy on charts are due to our chart provider is based in the UK. They are programmed to run from midnight to midnight so the information will not match our platform for daily open and close prices. The charts have always been set up like this unfortunately we can not change them to be synchronised with the market open and closed prices for pure deal.
 

Thanx adds. I had no idea that IG markets charting software was that dodgy. Although I have come to expect that from them. That said however, I think the chart is more or less still valid. The relative resistance levels and trend depicted should still be more or less correct.
 
NDO - Nido Petroleum @18c

Hi,
I have been following Nido for 12 months, ever since my brother suggested an investment last year. I've watched the shares fall from above 60c (Jun08) to 6c (Feb09). I use technical analysis to determine an entry and exit price.

Initial investment required a breakout above the 10c resistance and then a retest of support at 10c. I entered a BUY at 10c with a Sell at 18c and stop loss at 8.5c.

Currently NIDO has support at 17c with strong resistance at 22c

I use Elliott Wave, MACD, RSI, STOC and Moving averages to help define a trade. Before I BUY, I have a target price and stop loss calculated. The best investment advise I would give is ALWAYS set a stop loss.

StockLine Australia is a good source for technical share price information


End of tax year selling pressure and low volume (less than 15m shares) has resulted in share price weakness over the last 2 weeks. Note: Nido was tading over 80m shares in May.

Nido has risen in predicatable waves

W1 6-10C
W2 8-12C
W3 10-16c
W4 13-19c
W5 15-21c

A 38.2% retracement of the rise from 6c to 21c gives a target price of 15c.

My next trade entry price is 15c, Target is 22c, with stop loss at 14c. If 17c holds for another 2-3 weeks, I will raise my entry price.

Note: Alot depends on the Oil price. There is strong resistance in the $73-$78 range. A pullback to test the breakout price at $55 would not be surprising.
 
hi, guys:
Nido is stable above 17 cents for several weeks, so the investment chance will emerge for Otto because of so many similitude between those two company.
 
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