SEA - Sundance Energy Australia

[RaymondJ]

I feel your sentiment Raymond. i to am a little concerned as i bought a big parcel of SEA at 72 Cents. However i believe that if the management of this company is as good as everyone says it is then there must be plenty more upside left in this one. Maquarie has also backed this stock and i do believe that they do know what there doing. Euroz also has a valuation which has risen to $1.22 on this stock. I have also heard Roger Montgomery say that we may be in the midst of an oil crises and from what ive seen of Montgomery he is almost normally always correct. SEA has had a huge run and may just be catching its breath.. i would like it however if we could get a bit more posting action on this forum.. its dried up a little lately.. Condog hit us with something!!!

You have done well then I also bought at 72c and sold yesterday at 795 so Im not holding at the moment. I would like to however, I missed out yesterday when I put a bid in but had to leave and when I got back it had just missed oh well there are other days. I feel good about this stock too but I think you might have to hold for a bit longer yet, just on the bell I saw 180,000 share parcel get bought!!

Cheers

 

[Assasin]

Aut's booming time seems to be sucking the life out of any other efs stock atm.
Really think these are undervalued.

 

[adobee]

SEA looking pretty good at the moment looks like it could break out any time.. or monday if markets dont die tonight in US .. IMO took the plunge and picked a few up 79-80c..

 

[RaymondJ]

SEA looking pretty good at the moment looks like it could break out any time.. or monday if markets dont die tonight in US .. IMO took the plunge and picked a few up 79-80c..

Yes you could be right but I think ill wait till next week Ive been caught by this stock before at this level, but it is a good stock so I will be buying but meybee not at this level although im probably wrong but nervous about this stock at this level. I think its stagnating on news from US about surplus reserves of crude. I think this is temporary as the US is entering a new cycle which will see greater sales and China will be back with vengence after the lunar new year.

Cheers

 

[skivvy]

Happy to see SEA break through resistance at 80c and close above this level for the week. Without a broader market drop, the next leg up should continue on from here in my opinion. We will see, a hold above 80c from now should be sustainable.

 

[RaymondJ]

Happy to see SEA break through resistance at 80c and close above this level for the week. Without a broader market drop, the next leg up should continue on from here in my opinion. We will see, a hold above 80c from now should be sustainable.

Im with ya but SEA has done this before and collapsed back to a support level of somewhere around 72 to 74c like SDL and stocks like EKA this stock seems to be a target for a group of people that pump it and short sell to manipulate the price, thats just my opinion of course, so Ill wait and see, but I do like this stock as long as it retains enough percentage in its wells.
CHEERS

 

[tech/a]

Technically SEA is topping.
I think its likely to struggle making new highs.

 

[mr. jeff]

Here is a picture to put above the words.

Large volume put through 6 days ago.
Beach Energy sold off 11M shares at 0.75 on market tfr. and retain 4% holding of SEA register

 

[BrightGreenGlow]

SEA struggled around the 60c mark and some analysts said it had topped out and to run due to it being a resistance level and I agree it was if you look at the charts over 4 years.

However, 80 shouldn't be a top and if so why? I keep seeing better results, great backings and good technicals for my amateur level anyways.

 

[RaymondJ]

SEA struggled around the 60c mark and some analysts said it had topped out and to run due to it being a resistance level and I agree it was if you look at the charts over 4 years.

However, 80 shouldn't be a top and if so why? I keep seeing better results, great backings and good technicals for my amateur level anyways.

It should have better results but Im of the opinion its being sold down by a group of traders. If you take a look at its chart in recent weeks and a month approx it has dropped to the low 70's and then goes back to around 80 to 82c and then gets sold off again. If you watched a lot of the trades going through today it sure looked like it was being pumped up and Ive been caught holding at that level before. Anyway it may all change when they get a couple more wells on line.

CHEERS

 

[skivvy]

I was fairly confident that SEA would hold the 80c level as support as I said in my last post but after reading tech/a's post I went back and checked my technicals so see whether I was missing something with the chart. I agree that after hitting a high of 88c the SP has pulled back to retest support at 75c but has moved up again to retest resistance at 80c. With a close above 80c on Friday, a higher high again today and the close at the high of the day, the support looks ok. I can see a possible head and shoulders reversal is possible but will need to see if the right shoulder is completed and the neckline is broken at the support of 75c. If it does then time to take profits for a while and sit back and wait for the next move. RSI is still above the midline and the short term trend is still up with volumes fairly average. Tech/a jump in a tell me if I am missing something here, I am still learning the ropes? Anyway just my interpretation of the charts for you all to assess. Good luck to all holders.

 

[condog]

ITs consolidating before going again imo. A lot happening on its acres, and i wouldnt be surprised if they have another new deal up thier sleeves soon. After all these guys have a very strong history of deal making.

 

[zzaaxxss3401]

Looking at a share price chart, it doesn't really look likes it's struggled too much anywhere. It's simply been tracking within a price channel.

 

[Assasin]

Looks like last night's quaterly was well recieved with strong buying this morning. Hopefully, this takes us to the next level.

 

[adobee]

looks to have gone through that top pretty well now..
will be interesting to see if it can go through 88c... and get a new all time high..
Dont think it will take much to push through..

 

[RaymondJ]

looks to have gone through that top pretty well now..
will be interesting to see if it can go through 88c... and get a new all time high..
Dont think it will take much to push through..

It doesnt look like strong buying to me take a look at the amounts being sold and at this time the sellers outnumber the buyers, I think its a good time to be carefull here. just my opinion of course and take a look for yourself.

Cheers

 

[adobee]

It doesnt look like strong buying to me take a look at the amounts being sold and at this time the sellers outnumber the buyers, I think its a good time to be carefull here. just my opinion of course and take a look for yourself.

Cheers

are we looking at the same stock ???

 

[BrightGreenGlow]

are we looking at the same stock ???

I agree it was a great day and solid buying. SEA kept dropping back due to those extra shares etc...

 

[Magic Man]

I agree it was a great day and solid buying. SEA kept dropping back due to those extra shares etc...

Bright Green thankyou for the great insight into SEA.. do you hold?

 

[BrightGreenGlow]

Bright Green thankyou for the great insight into SEA.. do you hold?

Yeah I do and bought in very cheap and topped up a month ago. It's easy to prop up a stock you hold but SEA has a long way to go IMO and today showed that. Hope you're on them too, but like everyone says, don't trust me check the reports.