NXS - Nexus Energy

[Ken]

Is early 2007 important times for Nexus?

Is it pure takeover speculation that has driven share price?

Or the fundamentals of the business changed?

Was 3 cents a share 5 years ago yeah? Pretty impressive returns if you got on early doors.

 

[benwex]

Should be an important day for the SP after yesterdays burn.

Always a little concerned when you have company who has deversified from IT to Oil and Gas...

 

[j4mesa]

Apparently it goes up to 1.045 up 14.84% ......
In my commsec, it goes into major buying.

 

[benwex]

What's that about?????

Benwex

 

[Ken]

NXS a buy again?

AED did this from $3.50 to $2.80 now $4.70

Buying opportunity.

What are the fundamentals like for NXS?

How bad are these reports?

Over reaction by market?

 

[Moneybags]

Ok, nxs seems to have found support around 85 - 86c range ( previous resistance ) based on 12mth chart ( sorry can't post ) and with the price of oil moving now would anyone care to comment on this stocks chances of heading in the right direction.

I don't hold

MB

 

[nomore4s]

Technically it's still looking pretty sick on both the weekly & daily charts imo.
About the only thing showing any signs of life is the MACD. Would need to consolidate at this level for a while longer.

 

[Moneybags]

Cheers for that nomore4's...........kind of confirms what I was thinking.

MB

 

[redandgreen]

Looks as if this one is finally on an upward trajectory despite the recent placement.

 

[chance fate]

I'm dead keen on Nexus' prospects come June when Echuca Shoals gets drilled.... that's a significant appraisal programme on a major discovery (thanks woodside).. with Shell financial and technical involvement that's a real good sign.... on the Shell side seems they're unhappy with nexus near insolvency on Crux..... reckon there could be more farm-in activity closer the E Shoals drill date.... so could dampen the nexus SP appreciation on nexus

 

[Knobby22]

I'm dead keen on Nexus' prospects come June when Echuca Shoals gets drilled.... that's a significant appraisal programme on a major discovery (thanks woodside).. with Shell financial and technical involvement that's a real good sign.... on the Shell side seems they're unhappy with nexus near insolvency on Crux..... reckon there could be more farm-in activity closer the E Shoals drill date.... so could dampen the nexus SP appreciation on nexus

What do you mean? The crux field was within the range, Unfortunately at the lower end. What near insolvency?

 

[chance fate]

nexus had to raise capital to complete the Crux side track.... the bank account was empty...

 

[b4subi05]

Seems like there are a few getting on this one for the ride. Been holding this one for about 8 months now and seems be paying dividends now. DB & ML maintaining a buy on this one.

 

[jman2007]

Seems like there are a few getting on this one for the ride. Been holding this one for about 8 months now and seems be paying dividends now. DB & ML maintaining a buy on this one.

Looks like it's on, massive increase in trading volume over past few days,from 800,000 to 8.5M today. Tomorrow should be interesting, NXS an interesting opportunity in my view, although some of the sudden sp fluctuations in the chart might worry some people.

 

[nizar]

Great breakout.
I missed it though.

But i will wait for the trade to come to me

I think it will at least re-test that gap from 1.44-1.49 and confirm it as a support before moving higher.

Thoughts??

 

[Sean K]

Great breakout.
I missed it though.

But i will wait for the trade to come to me

I think it will at least re-test that gap from 1.44-1.49 and confirm it as a support before moving higher.

Thoughts??

I agree. Probably come back to very significant support between 1.40-1.50. However, this crazy O&G market is pumping. That's not to say that a correction in POO is due.....Damn, on the bloody fence again. :

 

[b4subi05]

Interestin SP movement, seems to be holding above $1.60. Seems like the market is happy to value the Longtom Project @ $1 p/s. My understanding is that anything above $1 is the market showing confident in Crux Project. Echuca Shoals hasnt been factored in to SP as yet. Big fan of this stock and planning to hold onto it untill at least 2009.

 

[EZZA]

Interestin SP movement, seems to be holding above $1.60. Seems like the market is happy to value the Longtom Project @ $1 p/s. My understanding is that anything above $1 is the market showing confident in Crux Project. Echuca Shoals hasnt been factored in to SP as yet. Big fan of this stock and planning to hold onto it untill at least 2009.

i'm with you mate, will be holding on to this one for a while, been holding it for about a year and a half. got a parcel at new shares offered at 0.80.
will be holding on until production and will be expecting echuca schoals drilling results to have upside potential. will be expecting some consolidation in the near term has been a stella run in recent weeks.

been a bit of talk about aed, anyone with thoughts on aed in comparison to who has more potential for growth, heard a lot of good things about this one.
not sure if i'll top up on this one after drilling results or possibly go into aed.

 

[chance fate]

..does anyone believe that shell would be in this if they didn't have very high confidence that this well would be successful?? shell is always very conservative.. so IMO there is a better than 80% chance that this will be better than the lower end outcome.... >$3.00 here we come....

 

[greenfs]

Here is a copy of a Baillieu report supplied by my broker, who is telling me that the imminent drill will see sp move to $2.25 if successful or temporarily back to $1.30 if not.