SEA - Sundance Energy Australia

condog · 1 February 2011

i been saying it since 10c and right now its just as good. Probably no longer a 9 bagger or 10 bagger, but definitely still imo got lots of good stuff in the bag.

Just give it time and if oil price remains strong let them do thier thing and on wards, upwards SEa will go.

skivvy · 1 February 2011

With you there condog, SEA has a lot going on and the response to the quarterly has certainly pushed the SP into new territory today, (if that is the reason for the volume and SP spike). Technically the upper bollinger has been broken on my chart so a pull back to 85 ish may occur in the next few days but I am not holding my breath for that. I think the next leg up has just begun and a steady climb is ahead.

condog · 2 February 2011

skivvy said:
With you there condog, SEA has a lot going on and the response to the quarterly has certainly pushed the SP into new territory today, (if that is the reason for the volume and SP spike). Technically the upper bollinger has been broken on my chart so a pull back to 85 ish may occur in the next few days but I am not holding my breath for that. I think the next leg up has just begun and a steady climb is ahead.

The quarterly imo seemed good enough for a broker upgrade, which should be out tommorrow. If so expect some renewed buying imo, before its next consolidation around 90c. No charts, just common sense.

Disc - i dont hold, but relatives do.

thesnowyforest · 2 February 2011

Hey condog,

Had a few questions I'd like to ask you. Can I email u?

Also, I've been watching SSN and was wanting to know ur thoughts on that play?

condog · 3 February 2011

thesnowyforest said:
Hey condog,

Had a few questions I'd like to ask you. Can I email u?

Also, I've been watching SSN and was wanting to know ur thoughts on that play?

just privat message me on here. SSN only has tiny reserves compared to sEA and imo sEa right now is far better. But SSN and TXN are two to keep an eye on.

condog · 6 February 2011

not mine but interesting perspective. thought it might be worth posting.

zzaaxxss3401 · 7 February 2011

Here's another perspective as to why it might dip:
1. Friday opened on the upper channel limit and bounced down.
2. RSI is slightly 'overbought' (above 70%)
3. MACD and signal lines converging

BrightGreenGlow · 7 February 2011

On lowish volume today we saw SEA dip > consolidate > rise. This was a great result today I believe, and the depth of buyers for tomorrow is a good sign of more consolidation and gearing up for the next lot of results.

Mofra · 8 February 2011

BrightGreenGlow said:
On lowish volume today we saw SEA dip > consolidate > rise. This was a great result today I believe, and the depth of buyers for tomorrow is a good sign of more consolidation and gearing up for the next lot of results.

It's been a substantial last run up, happy for a consolidation phase to commence. Seen it a number of times in the past year with SEA (since the cap raising anyways).

adobee · 9 February 2011

looking pretty good this morning.. buy sell is stacked pretty hard in the favour of sellers.. if not big orders come through I think it could push to a new high today.. IMO
was considering selling some expecting a retrace but will hold on for now..

Magic Man · 9 February 2011

Sea just hit the magical dollar mark!!!!!

justiceotp · 9 February 2011

Not only the Magical $1 mark but also the magical 100% gain mark for me

Condog have you jumped on board with SEA thought you may have picked up a few when you sold a few of your AUT?

Holding AUT, SEA, EKA, SSN and MAK and very happy

adobee · 10 February 2011

sold out this morning at average of 97c ...
still looking very good for long term holders...
need the monies for avi but has been a great run for last couple of weeks..
will be watching for re-entry if possible at some point

Magic Man · 10 February 2011

What do u like about AVI?

adobee · 10 February 2011

Magic Man said:
What do u like about AVI?

Everything.. jump to the thread and have a look... plus need to take up my entitlement.. and fully load up..

Will look at re-entry sea in near future if there is retrace,,

BrightGreenGlow · 11 February 2011

From the development report. Good numbers with Hess providing up to 10 rigs for 2011. This is over double last year from Hess in the Goliath region.

The report states 7 drilling at the moment and 16 awaiting completion. I'm no expert but this seems good apart from the bad weather in the US. Market seemed to like it then dropped back late in the day.

Any thoughts?

skivvy · 11 February 2011

Agree BGG, nothing bad in the development update except the delays due to weather and wells waiting on fraccing and the like. The news of Hess bringing in additional rigs into the Goliath prospect is good news and will get other wells into production quicker once the weather improves. Plenty going on with the business including new wells and the horizontal drilling in the Niobrara and Pawnee prospects to keep this holder happy.
A slight move down on average volume is nothing to worry about and consolidation around 95c is not too disheartening. A pull back to 90c will make me consider things a little closer but like the recent pull back in Aurora I dont see this as an unhealthy move. A significant break of support at 90c on high volume and I will be out, but I am not seeing that happening yet. Good luck to all holders.

condog · 13 February 2011

justiceotp said:
Not only the Magical $1 mark but also the magical 100% gain mark for me

Condog have you jumped on board with SEA thought you may have picked up a few when you sold a few of your AUT?

Holding AUT, SEA, EKA, SSN and MAK and very happy

I pulled of a $2000 trade last week, but dont currently hold. I donated the after tax portion to world vision.

So yeh ive been in, got out and dont presently hold.
Right now its not part of my immediate strategy. But i will be in and out on the swings if i see them occuring and i will donate my profits to worldvision for the remainder of the year on SEA. Just something i feel like doing. I got to pay so much tax, i mose well give some to charity, before handing it over to Gillard to waste on NBN's and other communist centralised govt crap we just dont need. .

Miner · 14 February 2011

condog said:
I pulled of a $2000 trade last week, but dont currently hold. I donated the after tax portion to world vision.

So yeh ive been in, got out and dont presently hold.
Right now its not part of my immediate strategy. But i will be in and out on the swings if i see them occuring and i will donate my profits to worldvision for the remainder of the year on SEA. Just something i feel like doing. I got to pay so much tax, i mose well give some to charity, before handing it over to Gillard to waste on NBN's and other communist centralised govt crap we just dont need. .

good job Condog and congratulations for thinking of and actually doing the donation to World Vision.
I hope you get more profits so that these charitable organisations are benefitted from your gains in SEA and others.

Regards

RaymondJ · 14 February 2011

Could be going for a dip soon Im thinking. Meybee its the weather over there and the price of oil on the NY Exchange but interest seems to be waning. I think Ill leave this alone for the next couple of days and watch.

CHEERS

SEA - Sundance Energy Australia

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