NWE - Norwest Energy

[chops_a_must]

There are some big off screen buys happening right at the moment. Will be looking for a very strong finish. Hopefull at .215 or above.

We finally might be seeing this one go...

 

[Sean K]

There are some big off screen buys happening right at the moment. Will be looking for a very strong finish. Hopefull at .215 or above.

We finally might be seeing this one go...

Yep, I saw that. There's been a few largish trades today for a minow. Not sure what that means. AED is up 7% on what is probably Puffin related. I wish NWE was following in proportion. Looks to be a clear break from the 3 months of sideways trend now, although day's not over. Just finishing above 20 again will do me. All time high close at .215 would be better of course!

 

[alankew]

Maybe a stupid question but how can you "see"off screen buys.I use comsec so presume you are using some other platform

 

[chops_a_must]

Maybe a stupid question but how can you "see"off screen buys.I use comsec so presume you are using some other platform

Off screen buys are from "on-market" function trades. They aren't coming from the depth, so a buy from off screen will take away the selling depth without altering the buying depth. The opposite is true of off screen sellers.

Cheers,
Chops.

 

[doctorj]

A few months ago, you could have had all you wanted at 0.12. There's no need to get yourself concerned over 0.5c here and there. The market is only beginning to discover the value of Puffin.

The FPSO will arrive the end of the month, so expect to see cash begin to flow in to NWE come June or July. DJC has what I believe to be a very conservative valuation out on NWE at around 40c.

NWE is a great story, something every e&p junior will want to emulate. They are within a whisker of a strong cash flow which will enable them to self-fund exploration. No more dilution for shareholders (well - aside from option exercisae) and the ability to take more meaningful stakes in prospective fields.

Very few other junior oilers with a market cap as small as NWE can say the same.

 

[nizar]

A few months ago, you could have had all you wanted at 0.12. There's no need to get yourself concerned over 0.5c here and there. The market is only beginning to discover the value of Puffin.

The FPSO will arrive the end of the month, so expect to see cash begin to flow in to NWE come June or July. DJC has what I believe to be a very conservative valuation out on NWE at around 40c.

NWE is a great story, something every e&p junior will want to emulate. They are within a whisker of a strong cash flow which will enable them to self-fund exploration. No more dilution for shareholders (well - aside from option exercisae) and the ability to take more meaningful stakes in prospective fields.

Very few other junior oilers with a market cap as small as NWE can say the same.

Great post Doc.
Agree wholly, dj carmichaels estimate i think is conservative as well.
The fundamentals were always there.
Just needed the share price action to match.

I was very happy with todays action. Needed a white candle after yesterdays disappointment. Today for me confirmed the breakout.

Any 12-month targets out there?

 

[chops_a_must]

Any 12-month targets out there?

Nup, but from memory, it looks like their new round of exploration begins at the end of May, which could well be a bit of a kicker.

Also have some price targets for the week on both AED and NWE. Appropriate to put in here as well I guess as holders of one seem to have the other as well.

I'm impressed with the accuracy of these pivot points as well. AED on Friday opened just about right on the R1, or just above, paused at the R2 before moving on, same as at R3 before closing above it. Was a really nice close for AED as well.

Here are some weekly targets for you anyway Niz:

Weekly pivot points for AED:

R3: 7.25
R2: 6.55
R1: 6.17
Pivot: 5.46

Weekly pivot points for NWE:

R3: .265
R2: .24
R1: .225
Pivot: .2

Daily pivots for NWE and anyone wanting to look at an entry tomorrow:

R3: .23
R2: .225
R1: .215
Pivot: .21
S1: .20

Would be hoping to see NWE above .25 and AED above $7 at the end of the week.

Cheers,
Chops.

 

[chops_a_must]

I'm surprised no-one has spoken of this stock today. Looks to be on a very big move with the sell side looking incredibly thin.

And about bludy time! Lol.

 

[mobcat]

Hey chops i know where you are coming from with NWE about time she seen some action it has been threating to run for the past month i hold big time on this one money in the bank imo de risking every day with puffin coming on line the sooner the better hey chops good luck to ya mate she will be worth the wait but could take another month to show us some real $$$$

Happy Days
Mobcat

 

[jtb]

Good day indeed.
Interesting to see if the 22c break holds this time
Bit of love drifting back to the oilers

 

[nizar]

I'm surprised no-one has spoken of this stock today. Looks to be on a very big move with the sell side looking incredibly thin.

And about bludy time! Lol.

Yeh chops i reckon theres a bit of a change of sentiment happening and a general switch from uranium sector into the oil&gas sector.

 

[Dukey]

Oh Yeeeesssss - very nice indeed to smash through previous highs and close on 23.5c - & pretty good volume to boot - (4.7 mill)

Are we expecting an oil resource update after Puffin 8 flow test?? or does P8 just confirm previous estimates?? Maybe there's something in the wind.....
Twill be interesting to see what tomorrow brings - more of the same??? - would be nice. Whatever happens, I get the feeling we won't see NWE back down below 20c again....

 

[nizar]

Oh Yeeeesssss - very nice indeed to smash through previous highs and close on 23.5c - & pretty good volume to boot - (4.7 mill)

Are we expecting an oil resource update after Puffin 8 flow test?? or does P8 just confirm previous estimates?? Maybe there's something in the wind.....
Twill be interesting to see what tomorrow brings - more of the same??? - would be nice. Whatever happens, I get the feeling we won't see NWE back down below 20c again....

In my opinion 2mrw another run.
Then the next day a gap up (on volume) ie. blow-off, but then a pullback, this time 22c previous resistance will become the new support.....

 

[mobcat]

Sorry Nizar dont agree this one has been manipulated by players for to long i feel the game is up AED is racing to new highs with good foundation ..........and the new blood in NWE,s registrey over the last few weeks will see this one steadily climb to29> 30cents and then level till puffin comes on line IMO .........moving nicley atm NWE the word is out on this one no holding it back now good fortune to all holders

Happy Days
Mobcat

 

[nizar]

Sorry Nizar dont agree this one has been manipulated by players for to long i feel the game is up AED is racing to new highs with good foundation ..........and the new blood in NWE,s registrey over the last few weeks will see this one steadily climb to29> 30cents and then level till puffin comes on line IMO .........moving nicley atm NWE the word is out on this one no holding it back now good fortune to all holders

Happy Days
Mobcat

Brother im not complaining i have a bag full of these if it goes to 30c 2mrw i can assure you nobody out there will be happier than me.
A buck thirty even better LOL!

 

[spottygoose]

NWE Announcement

16 May 2007

William (Bill) Bloking elected to Chair Norwest

William (Bill) F. Bloking has been elected by the directors to chair the Company.
Mr Henry (Dave) Kennedy a founding director of Norwest has stepped down from the
chair and will continue as a non-executive director.

 

[chops_a_must]

It's still looking very stable and building. A lot of good signs.

Got confirmation today from Joe Salomon that their royalty will cover any of the proposed developments from AED, most notably for now, Tadpole-Frog.

I know this has been posted before in the AED thread, but is relevant here as well. 'Tis about tadpole-frog:

Australia's AED Oil has said it expects to start production at the Puffin North West field off northwestern Australia at around 30,000 barrels per day in July and plans to drill three appraisal wells at Puffin South West to confirm reserve levels there by the end of the year.

The floating production, storage and offloading vessel Front Puffin is expected to commence sea trials by early June, while work is progressing on a sub-sea installation and a manifold for two development wells at Puffin North East, AED’s managing director Ken Tregonning said.

Reserves in Puffin NW currently total 40 million barrels, with oil-in-place at Puffin SW assessed at 65 million barrels with expectations that comparable recoveries of 45% to 70% will be achieved there.

"We are looking at a target of 100 million barrels of reserves by the middle of 2008," Tregonning told Platts, noting that six more significant prospects needed to be drilled.

One of these, Tadpole-Frog, could potentially be larger than the Puffin discoveries, he said.

A number of different options are being assessed for development of Puffin SW, including a tie-back to Puffin NE, about 10 kilometres away, depending on recoverable reserves.

The best case scenario is a standalone development based on the proving up of high recovery levels, Trengonning said.

Meanwhile, AED's chairman David Dix told Platts that corporate activity would be totally focused on Puffin and the surrounding area for another three to five years before the company looks to Asia for further growth.

 

[nizar]

Time to move up the stop to 21.5c?
(end of day stop, sell next day on open if the previous day close is at or below 21.5c)
Seems to be a bit of support there at 22c.
22c was the previous high, and now we have 2 red candles to 22.5 and the tail to 22c on friday confirms it?

Thoughts?

 

[mobcat]

Why bother with stops now Nizar if she goes neg stops wont save you with the momentum NWE has now to much new blood imo............. full steam ahead to first oil imo
Happy Days
Mobcat

 

[nizar]

Why bother with stops now Nizar if she goes neg stops wont save you with the momentum NWE has now to much new blood imo............. full steam ahead to first oil imo
Happy Days
Mobcat

Crazy aggressive buying this morning.
Someone really wants them.
There was 800k in sells at the .25 mark now long ago. Now all gone