NWE - Norwest Energy

[toc_bat]

Reportedly NWE is waiting for official approval before releasing to the market.

thanks spotty,

but look at post 31, surely if the write up is so comprehensive in an indian papar its gotta be pretty official,

by the way, how do you know -> "Reportedly NWE is ..." where do people get this stuff, how come im always outside the loop? damn, spit, arr

edit: 15.5c now ... wow

 

[spottygoose]

Someone on another site emailed NWE for an explanation they said they never would announce anything before DTI approval is official. Sorry I didn't mean reportedly as in reported in a newspaper

Latest rumour on another site is a take over at 28c by an "upstream oiler" i am not giving ANY credit to that statement but it could be the reason for the surge. We have seen the power of the forum with YML.

 

[chops_a_must]

Good day. All my indicators are lining up saying

MACD about to positively cross, going up in the BB, Stochastics going up, RSI positive. Volume not fantastic, up a little, but as stated $0.14 has been a sticking point the past week or so. Day isn't over though. Maybe reevaluate after the close...

Look at that volume double in the last 15 minutes. LOL! Bid now at .15 and offer at .155. This baby is gonna go.

 

[YOUNG_TRADER]

Amazing volume, trying to set a floor at 15c,

Can't wait to see ann



Annoyed that I sold 200k at 13c-14c yesterday and today

Still holding 500k from 12c, won't be selling them anytime soon

 

[toc_bat]

Latest rumour on another site is a take over at 28c by an "upstream oiler"

could you post the link to this? is it a credible site, or is it HC? hehe

edit: ok ive got a big 18700 shares @ 13c

 

[Sean K]

$0.15 will still be tough to crack. If it does hold above for a few days (say 3) will be a very good support point then. Maybe. Very strong close though. Would anticipate from this that it will have a bit of interest tomorrow morning.

Still nothing from AED on Puffin

 

[Joe Blow]

could you post the link to this? is it a credible site, or is it HC? hehe

edit: ok ive got a big 18700 shares @ 13c

I don't think we need to be linking to rumours on other forums. ASF is for the dissemination of public information, not rumours and hearsay.

 

[YOUNG_TRADER]

$0.15 will still be tough to crack. If it does hold above for a few days (say 3) will be a very good support point then. Maybe. Very strong close though. Would anticipate from this that it will have a bit of interest tomorrow morning.

Still nothing from AED on Puffin

Looks like a breakout to me, or on the verge

Agree that we will need a few days of closing above 15c to confirm,

Next Resistance 20c then 22c then Blue Sky?

 

[Tomahawk]

This stock has been undervalued for eons and has resisted all attempts to go up. Now all it takes to put a rocket under it is a unfounded t/o rumor made by a poster on HC and coincidentally is his first post!

I'm skeptical but would love to be pleasantly surprised. Hmm... maybe he has done everyone a favor by giving the company heaps of free publicity.

 

[YOUNG_TRADER]

NWE ann

Indian media announces that Bharat Petroleum Corporation
(BPCL) has entered into agreements with Norwest on three
offshore oil blocksOver the last few weeks the Indian media has reported that BPCL has entered
into agreements with Norwest Energy in respect of BPCL acquiring interests
in North Sea Blocks 48/1b and 2c and the Timor Sea AC/P32 permit.
Norwest Energy advises that it has not entered into any formal agreements
with BPCL at this stage, although it is able to confirm that negotiations are in
progress with BPCL in respect to both projects.
Any agreement that is reached with BPCL will be subject to the acceptance of
other joint venture partners in the projects as well as any regulatory
authorities.
As soon as Norwest has executed formal agreements with BPCL it will advise
accordingly.

 

[doctorj]

It wouldn't suprise me to see this fall tomorrow morning after that announcement. If so, it would give weight to the arguement that most of the buying this afternoon was just the product of some chump ramping and not any actual TO offer.

It makes me angry that posts like that are allowed to remain anywhere. At the end of the day all that happens is a lot of innocent people lose their money.

As Tomahawk said, there is so many good reasons why a company like NWE might be undervalued but it takes some dodginess like this to get it going.

Shame, shame shame.

 

[gordon2007]

I'm a fairly new poster here. Have been following the YML thread this week. In doing some research tonight came across the NWE ann and then just happened to find a thread on here for NWE.

What I find interesting though is the amount of baseless ramping (in between some very usefull and helpful posts) that is in both threads. In fact there was even some comparisons to the YML thread a few posts ago.

My point is, how is one supposed to differentiate between solid facts and useless ramps? If say I want to use ASF for research...it sure is hard to weed out the blatant hype as opposed to genuine facts.

But then I think to myself...is this a valid way to trade? Ride all the waves from ramps and quickly take your profits? When I say valid I mean...is that a strategy that people actually use and make a consistent profit from? If so, how does one protect themselves from falling into this trap?

Another thing I've noticed...it seems this these types of threads mostly happen on very cheep shares (small caps).

 

[doctorj]

My point is, how is one supposed to differentiate between solid facts and useless ramps? If say I want to use ASF for research...it sure is hard to weed out the blatant hype as opposed to genuine facts.

But then I think to myself...is this a valid way to trade? Ride all the waves from ramps and quickly take your profits? When I say valid I mean...is that a strategy that people actually use and make a consistent profit from? If so, how does one protect themselves from falling into this trap?

Another thing I've noticed...it seems this these types of threads mostly happen on very cheep shares (small caps).

All very valid points. It comes down to doing your own research (think of it as due diligence). Look at a post that piques your interest (even the best, apparently well researched post from the most highly regarded posters) here and on other forums as a flag to do some research of your own. If you can reproduce their calcs with 3rd party verifiable numbers from reputable sources then perhaps they are on to something. Automatically ignore any posts that refer to anything that isn't public knowledge or a "certainty".

As for the strategy of riding ramps - you may be on to something, but it'd be a topic for another thread. Feel free to start one in the appropriate section.

 

[toc_bat]

i too think that the new ann will see a price drop, although it isnt entirely negative, it confirms negotiations are in the pipeline,

by the way what is the difference between an upstream oiler, a downstream oiler, and just an oiler?

thanks

 

[beach]

You have to read between the lines with the announcement, it clearly says Norwest is able to confirm that negotiations are in
progress with BPCL in respect to both projects. and have been discussing and as soon as Norwest has executed formal agreements with BPCL it will advise
accordingly.

what else do you need to know its a done deal, DTI approval then Bingo, as for a T/O i reserve my full opinion but would say i half doubt it. regards beach

 

[toc_bat]

DTI = ???

thx = thanks

 

[beach]

Department of Trade and Industry

 

[watsonc]

Will NWE be bullish today?

 

[toc_bat]

what else do you need to know its a done deal, DTI approval then Bingo,

is there a chance DTI approval wont happen?

 

[YOUNG_TRADER]

is there a chance DTI approval wont happen?

Unlikely as its Aussie DTI required and they're very welcoming of overseas involment in exploration, especially Indian and Chinese involvment,


UK licences as well shouldn't be a problem


The real NTA (before you ask Toc Net Tangible Asset) backing for NWE comes from the Puffin field, as I have stated over and over and over,

Its previous NPV = 15c to NWE and that was when AED was $3ish, clearl AED has run to $5 and it has beeen on a UBS report that expects reserve upgrades so there is more upside in the NPV (Net Present Value) attributable to NWE from Puffin