QGC - Queenland Gas Company

[TheAbyss]

I love it. Below is a copy of an email i sent to Mukesh Panchal. Imagine the sweat that flowed from his brow when he read it and wondered if i knew about his insider trading escapades. I didn't but his conscience would have got to him i am thinking.

Mukesh

How are you? Trust you are well.

I was wondering whether you had any insight as to why the SP has been reducing and more importantly why some 10 million units were sold off last week?

I am a long term holder however this sort of activity surprises me given the positives that have been flowing.

 

[laurie]

Glad there was no fall out from this Mr Cottee has acted in the interest of shareholders and is seen as being someone who has strong morel standards just greed from one person

cheers laurie

 

[Dukey]

Glad there was no fall out from this Mr Cottee has acted in the interest of shareholders and is seen as being someone who has strong morel standards just greed from one person

cheers laurie

I agree - He's handled this situation very well and enhanced his moral standing and hence ... trust. It's amazing what clear and open communication can do isn't it!!! Plenty of other companies could take a lesson from Cottee.

... & QGC looking great today - bashing through $4.00 again - should have a much better chance of staying around these levels with the BG LNG partnership.

In the past I have been tempted to sell a few parcels in order to diversify into others - but usually QGC just goes on to perform better than the new stocks!! ... so this time I'm holding tight.

... When you're onto a good thing... stick to it!!

- my long term strategy.

Regards all - Dukey

(first post back after travel etc, and internet/email/login hassles... )

 

[TheAbyss]

Great guns indeed. It isnt only QGC (up 7.5%) doing well either. QGC are the leaders of the Qld CSM industry.

PES (up 10.5% today), SHG (up 2.2%) and AOE (up 4.5%) all doing well today. Bloke could do worse than take a position in the CSM portfolio in qld. Hold QGC and PES.

I have information on the Sykes issue which i received yesterday form Hedley Thomas who is the QGC General Manager - Communications & External Relations. If anyone would like a copy let me know. Basically it supports the QGC view that Sykes is a time waster.

This entire industry is being taken very seriously now. QGC are the 3rd largest public company in QLD now. David Cottee was slated for threatening to resign if he didnt get a pay rise and shares a few years back however he is worth every cent now. Energex should never of let him go. Their loss.

 

[TheAbyss]

Interesting times afoot. BG is redifining the market in Australia at the moment.

Interesting article by John Durie in The Australian today (link below). What i found interesting (besides the revaluation of the CSM players today) is that in the article Durie calculates that BG have paid QGC $1.34 a gj for their resource whereas BG have offered ORG $10 a GJ. A few ways to look at this, the most obvious two being that QGC undersold themselves or BG are desperate to grab a large stake in the Australian LNG resource.

Either way, it means that there is still a lot of room for QGC SP to increase based on their proven resources alone let alone new 2p going forward. The rest of the CSM players have all done well today as everyone decides to grab a stake hoping for a big offer to come along. Consolidation is fantastic.

What happens when the Govt decides that they shouldnt be selling these resources overseas whilst we spend more and more money to find oil in deeper seas to sate our own demands?

Just maybe the Oilers and the govt will allow industry to use LNG to drive engines and then watch this industry take off.

Hold QGC, AOE, PES, SHG.

http://www.theaustralian.news.com.au/story/0,25197,23621932-5013408,00.html

John Durie extract,

Now, on rough numbers, BG paid $1.34 a gigajoule for its stake in QGC and is paying around $1.04 a share in its bid for Origin, which compares with spot export prices of as much as $10 a gigajoule.

 

[Dukey]

Jeez! - look like some frantic trading early today - a few big trades of ~ 100000 - 140000 shares early on. Thats some big dollar punters - or institutions?? - buying around $5.00... though she's slipped back a little since - now ~ $4.78.

More very good signs for the future of QGC sp IMHO.
Would've been nice to hold above $5 but now that that barrier has been broken once.. it's just a matter of time..
again - my opinion only.
.... just wish I'd never sold a single one of these shares :bonk::

HOLD QGC; PES; AOE; in the coal seamers sector.
Wish list = SXP and LNC

 

[laurie]

One thing that has to happen is that local gas prices has to match the export price otherwise companies like QGC will take the overseas prices and who wouldn't it's not a charity,even NHC has a 18% hold of AOE knowing where the next energy rainbow is forming GAS

cheers laurie

 

[Tysonboss1]

One thing that has to happen is that local gas prices has to match the export price otherwise companies like QGC will take the overseas prices and who wouldn't it's not a charity,even NHC has a 18% hold of AOE knowing where the next energy rainbow is forming GAS

cheers laurie

Yeah once there are some LNG terminals a biggr export market will put upward pressure on any new supply contracts that local energy retails will have to signwith the producers.

once our local producers have the choice of putting the gas on a ship or into local piplines obviously the local retailers will have to compete with the export market for feed stock.

 

[laurie]

Well if this keep up AOE and QGC will be issued with speeding tickets from the ASX boy this is one hella of a ride up I have my seat belts on

Now I wonder how those shareholders from Sydney Gas must feel at .33cents and their Directors who said it was not going to happen with QGC

cheers laurie

 

[Tysonboss1]

Well if this keep up AOE and QGC will be issued with speeding tickets from the ASX boy this is one hella of a ride up I have my seat belts on

Now I wonder how those shareholders from Sydney Gas must feel at .33cents and their Directors who said it was not going to happen with QGC

cheers laurie

whats going on with sydney gas,...

I haven't really looked to far into them,.... Is anything really happening.

 

[laurie]

whats going on with sydney gas,...

I haven't really looked to far into them,.... Is anything really happening.

don't bother they are exactly the same price when QGC offered a 2:1 script from memory that had QGC at approx .70cents gee guess what a 660% increase now SGL would have to hand over 15.22 shares for 1 QGC share talk about SGL directors getting that wrong

cheers laurie

 

[Boggo]

It has been a great run, it may be due for a correction back to around the $4.68 area before it heads on up again.
Volume has decreased over the last few days.
My

.

 

[TheAbyss]

Technically correct however i wouldnt discount the sentiment at the moment. A lot of press around the whole sector over the weekend . May go for another few days before a retrace which is sure to happen at some point.

JP will be releasing a new analysis this month which will prove to be quite interesting reading.

 

[TheAbyss]

Well if this keep up AOE and QGC will be issued with speeding tickets from the ASX boy this is one hella of a ride up I have my seat belts on

Now I wonder how those shareholders from Sydney Gas must feel at .33cents and their Directors who said it was not going to happen with QGC

cheers laurie

Interesting article on QGC in which Richard Cottee alludes to the SGC offer as a diversionary tactic to stave off potential takeover of QGc. also in the article is a suggestion by Cottee that QGC will eventually get taken over but not for a while yet. Not sure that i would welome that however there is a long way to go yet for QGC and i am sure that a lot of people will be very happy.

QGC isnt a day trading toy it is a retiremnet plan (for me at least and i am only 40). In addition there are a few other interesting items including a brief history plus a statement of QGC having a larger resource than the Bass strait and Cooper basin combined. Maybe that is why the Woodside chief is taking notice and commenting via the oress on the CSG indusy=try now. This is a serious sector and only just the beginning.

http://www.theaustralian.news.com.au/story/0,25197,23636583-5005200,00.html

 

[laurie]

TheAbyss

Well I have bad news old chap QGC board are against dividends.I got on at .50c for my nest egg hoping for the dividends,so in my opinion that means they are filling the money chest up for T/O's but I have hope that they MUST return some money back to shareholders and looking at the way the share price is at now any T/O will have an added premium to the price because we will have at least 2 or 3 companies after QGC so my target right now would have to be $8+ JMHO

cheers laurie

 

[Boggo]

Technically correct however i wouldnt discount the sentiment at the moment. A lot of press around the whole sector over the weekend . May go for another few days before a retrace which is sure to happen at some point.

JP will be releasing a new analysis this month which will prove to be quite interesting reading.

Yep, I agree, great article in the Weekend Aust that may drive it on.

A small retracement could be an opportunity grab some profits and re-enter a bit lower for another run up.

Mike

 

[laurie]

TheAbyss

Well I have bad news old chap QGC board are against dividends.I got on at .50c for my nest egg hoping for the dividends,so in my opinion that means they are filling the money chest up for T/O's but I have hope that they MUST return some money back to shareholders and looking at the way the share price is at now any T/O will have an added premium to the price because we will have at least 2 or 3 companies after QGC so my target right now would have to be $8+ JMHO

cheers laurie

thanks for the link appreciate any news on QGC

cheers laurie

 

[Tysonboss1]

it may be due for a correction back to around the $4.68 area before it heads on up again.

.

I hope so,

I am am getting a loan refinanced in about 2 weeks and I want to increase my holding so I would love to see this stock drop back a bit

 

[TheAbyss]

TheAbyss

Well I have bad news old chap QGC board are against dividends.I got on at .50c for my nest egg hoping for the dividends,so in my opinion that means they are filling the money chest up for T/O's but I have hope that they MUST return some money back to shareholders and looking at the way the share price is at now any T/O will have an added premium to the price because we will have at least 2 or 3 companies after QGC so my target right now would have to be $8+ JMHO

cheers laurie

I have an email from QGC stating that dividends are a couple of years away due to them having a large amount of tax credits to use before they will be paying a dividend. They will pay a dividend just not in the short term.

Another great run today for the CSG team. Even SGL got picked up in excess of 10%.

Also note that VPE had a decent increase in volume today. Perhaps people are starting to wonder what QGC saw in VPE to convince them to take a stake. Ex founding director of QGC is on the board at VPE so you have to wonder.

 

[Dukey]

Have been impressed with QGC's show of strength today - after the consolidation since monday.
... started today expecting, and looking like it would continue down towards $5.00 but bounced back up to hit $5.50 again - and hanging high 5.40's now.

Still wouldn't be surprised to see a fall back through $5 sometime soonish, with $5.50 looking like upper resistance level now.

- any thoughts on what effect a successful BG takeover of Origin would have on QGC sp???

(hold qgc)