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QGC - Queenland Gas Company

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I think the answer is really simple who has their eggs in one basket and who has diversification.................AOE

cheers laurie
 
Quiet thread lately - but QGC up to close on 1.64 today. Seems to be a response to some nice - though fairly standard for QGC - drilling news.
Also the end of the buyback period if I'm not mistaken.
Sold some on todays rise in order to diversify a bit - but still in for the long haul..........
go QGC...arigatou..:bier:..you have been so good to me..
 
These have been a winner in my portfolio too! I may sell them soon though as I am going to need the capital for a deposit on a house.
 
Nice day for QGC too, to close on all time high of $1.80.
Not sure why really - todays announcement was just the regular drilling success: - nothing too surprising but I guess it all adds up. More GAS in the tank for QGC so to speak. Happy days...
 
No apparent news however it is always nice to see growth in the portfolio isnt it Dukey?

I wont be selling for a very long time. QGC are well managed and have yet to make a bad decision IMO.

They have enough gas exploration projects in the works to ensure SP growth for quite a while yet plus any political uncertainty regarding energy is a positive for all CSG producers hence the growth in this area. Dividends should also start to flow in soon.
 
TheAbyss said:
I wont be selling for a very long time. QGC are well managed and have yet to make a bad decision IMO.
Click to expand...
I think the blocking stake was a joke. Was way too low and to me said that management are interested with specific alignments rather than shareholder returns.

Still, I'm still holding as there is no reason to sell. But I certainly do have a love hate relationship with this stock...
 
i thought the alignment with AGL was a good one in that they fought off Santos which would have slowed down the exploration arm of the business. Santos were just looking to shore some reserves for themselves in my view. The AGL alliance forced Santos to come up with a revised offer or leave the table. The revised Santos offer allowed QGC to continue with the exploration and development of QGC which is what caused AGL to up their offer yet only obtain a 25% stake of QGC. This has since served to stake a new floor for the SP. Onward and upward in my view.
 
What?! - nothing on my old faithful QGC today??...
only up a measly 8+% (21c) on news of 260$M accelerated expansion plans.
This share just keeps surprising... I thought it might have run out of steam back around $1.70. Just as well I didn't sell all of them!!
:bonk:
 
Just think what those SGL shareholders must be thinking now

cheers laurie
 
Couldn't believe it when SGL turned QGC down and got MBL involved. Showed to me the level of "self interest" the board had. Talk about looking after their own jobs and not the company or shareholders interest!

malachii
 
Have to mention my all time favourite stock, QGC.

QGC has been stellar in the last few months as has AOE. QGC and AOE do have a very similar trend line.

My concern is that AOE hit $3 and retreated a few weeks ago and has hovered around the $2.90 area. Will QGC now consolidate at $2.90 or run to $3.00 and then retreat? I have attached a chart comparing the two and their similarities are almost mirror like.

Any thoughts?

Is it possible that the fact that AOE have international influences causing their recent cool down?
 

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It closed at the $3.00 yesterday -seems to be holding it this morning but the rest of the week I guess will be the test to see it it bounces up from this point or down!

pepptalk
 
Nice announcement in the last half hour of trading - didn't seem to make much difference to price although it closed slightly higher at $3.02. Be interesting to see if the market pays more attention to this tomorrow!

malachii
 
The market would have to like the announcement. QGC supplying CSM Gas to their partner, Origin Energy who are on selling to Rio Tinto. Guess who will get to sell CSM onto Rio for the Gladstone refinery expansion announced this week? Have to be worth some mileage on the SP.

Quote from todays courier mail (there is no mention where origin is getting their CSM from howevr QGC will be a player)

" Rio Tinto has made some sort of gesture to the anti-carbon hysteria. It's switching the refinery to a new gas-fired co-generation facility. Origin is going to supply coal seam gas.

Now coal seam gas might generate less carbon than coal. But it still generates a heap of carbon"

Full story here http://www.news.com.au/couriermail/story/0,23739,22020853-3122,00.html

QGC will ride this one and have a lot more 2p & 3p reserves to tap into for Rio and other buyers. Incitec came on line last week and will ramp up their purchasing from QGC according to the press announcement released by QGC last week.

A lot of mileage left in this one but i am biased as this was my first ever share purchase back in 2004 and still holding.
 
I thought the market under-reacted a little to the late announcement yesterday. Good to see a nice finish today at $3.19. Hopefully this should see it consolidate above the $3.00 mark and not bounce off it like AOE.

malachii
 
Certainly got through the phsycological $3 barrier with style. Hard to see QGC doing anything other than consolidating and growing for a while yet barring something catostrophic happening based on their reserves and exploration projects.
 
Any ideas for the price coming back so far - was it a classic "friday afternoon dump" after I climbing up so much this week or is there something a bit more sinister behind it???

I'm favoring the former at the moment but am keeping my eyes on it this week!

malachii
 
It's difficult to say too much about this chart wise because there's only a couple of trend lines, support and resistance, and no obvious patterns. What support there is, is shown and it might consolidate around these levels. Has run away hard from the 200 d ma, which is always a concern, but there are plenty of stocks that can do this before consolidating a little before setting a new trend line. Eventually stocks usually find there way back to that line. The indicators I have on this chart are bearish with momentum down for short term, but these lagging indicators can swing around quick. It depends on your trading plan, but if I had have got in early I would have been setting trailing stops on the way, and reinvesting on further breakouts. I don't think it's possible to compare to AOE just on the chart, they're travelling their own path.
 

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Thanks for the analysis Kennas.

Interesting that despite the comparitive trend line with AOE you are of the opinion they are on their own paths. Goes to show how little i know as i thought they were almost exact replicas. Bow to your judgement as i have no idea about TA. Thanks for the input.

Bit late for the trailing stops for me so i guess i will continue to hold and stop looking at them for a while. Have been free carrying for a few years now so any short term fluctuation isnt a real downer although upwards and onwards is the preference.
 
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