NWE - Norwest Energy

[chops_a_must]

Sells being pulled from 20. I dare say the announcement will be out this afternoon.

 

[Sean K]

Lots of resistance around 19.5 and 20 as mentioned. Support at 17, and plenty at 15 on the downside.

Would have expected an ann by now. The figures shouldn't have been that hard to input for a revised value to NWE. I wonder if it's factored in already? Maybe the market just needs confirmation. General market uncertainty might be an issue at the moment. Punters not willing to jump into things until the US sorts themselves out....

 

[noirua]

Lots of resistance around 19.5 and 20 as mentioned. Support at 17, and plenty at 15 on the downside.

Would have expected an ann by now. The figures shouldn't have been that hard to input for a revised value to NWE. I wonder if it's factored in already? Maybe the market just needs confirmation. General market uncertainty might be an issue at the moment. Punters not willing to jump into things until the US sorts themselves out....

Hi Kennas, Wouldn't a 12 month chart look quite different?

 

[YOUNG_TRADER]

Just had a look at a monthly chart for the last 3 years, looks to be in a strong uptrend, 22c being like a 6year high qualifies as an all time high for me,

So after 22c its blue skies, but will neend a bit of volume to come through to get it into blue skies,

Still for the traders what else is there with limited risk given underlying value?

 

[YOUNG_TRADER]

Ann out!

 

[YOUNG_TRADER]

I was spot on!

$65m = 32.5c NWE



The potential value of Norwest’s royalty stream using the estimated recoverable volume is AU $65 million. (Assumptions: oil price of US$50 per barrel and exchange rate of $0.75).

 

[Stimpy]

I reckon it'll be $65m royalty

So do they! Good job! 32.5cps royalty, nice.

 

[Sean K]

Hi Kennas, Wouldn't a 12 month chart look quite different?

Um, yep....it looks like a 1 year chart. LOL.

I put up a 3 year to see the long term spt and resist lines more clearly.

1 year (with short and long term spt/resistance) below. now 17 has been broken again, it should be support.

Will depend on overall market to some degree. If the market steadies then these are more valid. Overnight crash, and the probabilities are no longer as probable.

 

[YOUNG_TRADER]

iS THE MKT ASLEEP?

 

[YOUNG_TRADER]

zzzzzzzzzzzzzzzzzzzz

 

[Sean K]

Perhaps the market's focussing on the US employment data. Not sure if it's out yet....

This info should really have moved NWE.

Market cap $36m with a $65m free royalty? That can't be right?

 

[Bush Trader]

I was spot on!

$65m = 32.5c NWE



The potential value of Norwest’s royalty stream using the estimated recoverable volume is AU $65 million. (Assumptions: oil price of US$50 per barrel and exchange rate of $0.75).

Announcement confirms your analysis YT, well done. I’m in for 50% of what I allocated. The US may surprise to the downside next week, which could see lower entry point if stage two of the sell-off begins. Downside is awkward to predict as the is still plenty of sell volume. It may be nervous 12 month held profit taking, as it was trading at around 10c this time last year.

Attached a weekly chart that confirms that 21c barrier that has to be broken.

 

[spottygoose]

Might have helped if it had been marked price sensitive. Joe is the king of the understated announcement!

 

[nizar]

Will depend on overall market to some degree. If the market steadies then these are more valid. Overnight crash, and the probabilities are no longer as probable.

Yeh as with any other stock on the ASX and probably on other markets all over the world.

 

[YOUNG_TRADER]

Perhaps the market's focussing on the US employment data. Not sure if it's out yet....

This info should really have moved NWE.

Market cap $36m with a $65m free royalty? That can't be right?

I know, I mean what about their other projects?

Jingemia, UK North Sea Licences, Other Licences around Puffin, Indian Oiler interest etc etc?

Apparantly their worth negative $30, ie $65m royalty + -$30 = $35m

 

[Sean K]

Might have helped if it had been marked price sensitive. Joe is the king of the understated announcement!

I think price sensativeness (is that a word? ) is determined by the ASX. Whoever it is got it wrong here. How could this result not be an influence on the companies value? Bizaar.

 

[Bush Trader]

I know, I mean what about their other projects?

Jingemia, UK North Sea Licences, Other Licences around Puffin, Indian Oiler interest etc etc?

Apparantly their worth negative $30, ie $65m royalty + -$30 = $35m

"Please Explain", that makes no sense.

 

[YOUNG_TRADER]

Just trying to show how wierd current situation for NWE is


Currently Puffin Worth $65m

Cash $6m

Jingemia at least $2m

Other projects say $2m

Total = $75m

NWE = 37.5c

CURRENT sp 18C/18.5C MAKES NO SENSE!

 

[Bush Trader]

I think price sensativeness (is that a word? ) is determined by the ASX. Whoever it is got it wrong here. How could this result not be an influence on the companies value? Bizaar.

The same thing has happened with other stocks, NWR comes to mind. The numbers are overlooked by too many radars the roumour is purchased and the no follow through.


Cheers

 

[Stimpy]

says it all really.

Let's try again on Monday. Maybe we can hold a press conference!