SEA - Sundance Energy Australia

[skivvy]

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. .

Condog, you impress me again. Your coverage of AUT has been exceptional and I have admired your attention to detail and willingness to share your knowledge over the last few months since joining ASF. By donating your SEA profits to worldvision for the remainder of the year you have made me appreciate you, not only for your trading wisdom but also as a admirable person whom we all should look up to. When I first started trading my mentor told me to reach a level of individual success and then to donate 10% of my profits. To this date I have not yet built up my capital to a level which I can truly commit this sort of value. I hope over the coming years I improve my trading and then to be able to post as you do, where I am donating part of my profits to a worthy cause. Condog you are a true champion of the stock market profession. Sincerely Skivvy

 

[J&M]

Condog, you impress me again. Your coverage of AUT has been exceptional and I have admired your attention to detail and willingness to share your knowledge over the last few months since joining ASF. By donating your SEA profits to worldvision for the remainder of the year you have made me appreciate you, not only for your trading wisdom but also as a admirable person whom we all should look up to. When I first started trading my mentor told me to reach a level of individual success and then to donate 10% of my profits. To this date I have not yet built up my capital to a level which I can truly commit this sort of value. I hope over the coming years I improve my trading and then to be able to post as you do, where I am donating part of my profits to a worthy cause. Condog you are a true champion of the stock market profession. Sincerely Skivvy

Fully Agree and cant add anything to the comments

 

[condog]

Fully Agree and cant add anything to the comments

Cheers guys, thanks for your very kind words. I think we owe it to others to share our knowledge and to share our wealth.

The difference $560 pa, which is really only one or two small trades makes to thier lives is rediculous. Its water for a whole village, immunisations, food, and education for the family. When you look at it that way its the least we can do. $560 does for them what 50,000 would do for us.
And when you sponsor children it gives it a real personal touch that your making a huge difference. Anyone who can afford it i urge you, give it a go.

When you pull off a trade and know its gunna change someones life forever , its such a good feeling and you get motivated to do it over and over and over.

 

[skivvy]

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

Seems like you were spot on Raymond J, a slight pull back today to test support at 90c. I have not been stopped out yet but it may happen tomorrow unless we see a bounce off support. Not sure of the reasoning, maybe due to the drop in oil prices, traders moving funds into the likes of TXN or just impatience. Anyway the next few days will be interesting and my med to long term outlook has not changed.

 

[RaymondJ]

Seems like you were spot on Raymond J, a slight pull back today to test support at 90c. I have not been stopped out yet but it may happen tomorrow unless we see a bounce off support. Not sure of the reasoning, maybe due to the drop in oil prices, traders moving funds into the likes of TXN or just impatience. Anyway the next few days will be interesting and my med to long term outlook has not changed.

Im thinking its the price of crude at the NY Mercantile exchange, its down to about
84.75 approx I think. The weather has also played its part here as the drillers are having problems accessing their rigs or so Ive read.
There are excess stocks of crude at the Cushing plant in Oaklahoma and the price of crude on the NYMEX will probably keep going down untill that clears, that could be a while as demand has waned, some of the refineries are cutting back production so the excess might grow even worse yet. I dont think the Brent Exchange price has a lot to do with these coy's in the US , Im not sure but most or all of the oil goes to the US.
But I think the long term is looking good.

CHEERS

 

[RaymondJ]

Looks like a pump and dump going on with SEA today up to about 94c who is doing this I wonder?
Im steering clear of this stock for a while Im thinking there is too much manipulation going on here.

7 sellers at 94c for 93000 shares approx.@1215pm

bye now

 

[condog]

Looks like a pump and dump going on with SEA today up to about 94c who is doing this I wonder?
Im steering clear of this stock for a while Im thinking there is too much manipulation going on here.

7 sellers at 94c for 93000 shares approx.@1215pm

bye now

Raymond a 3c spike that took half a day followed by a slow 2c decline isnt exactly a pump and dump. That imo is just plain old normal market movement ebbs and flows.

 

[skivvy]

Raymond a 3c spike that took half a day followed by a slow 2c decline isnt exactly a pump and dump. That imo is just plain old normal market movement ebbs and flows.

Agree Condog, nothing much of interest here atm, just lack of interest by the buyers and sellers so the sp just lingers along until some interest comes back. Be patient and good things will come with this stock pick.

The price movement of EKA yesterday however was more alarming than what is happening with SEA today, wish I was on line when that correction occurred.

 

[RaymondJ]

Agree Condog, nothing much of interest here atm, just lack of interest by the buyers and sellers so the sp just lingers along until some interest comes back. Be patient and good things will come with this stock pick.

The price movement of EKA yesterday however was more alarming than what is happening with SEA today, wish I was on line when that correction occurred.

Were you watching the trades that went through from 91 to 94? I agree about EKA I had to go off and do something for about 15min and when I got back it was all over! I was waiting for it to dip as well Oh well I can see it comming down again thought not as fast. Im waiting to buy back into both.
CHEERS

 

[apophis]

Truly frustrating stuff. We all like the long term fundamentals of the stock yet people flip at a +/- 1-3 cent move up or down.

I hear the atmosphere in crown is definetly more appealing for that kind of talk.

Condog = Hats of for the great work. I feel for you re HC.

 

[RaymondJ]

Truly frustrating stuff. We all like the long term fundamentals of the stock yet people flip at a +/- 1-3 cent move up or down.

I hear the atmosphere in crown is definetly more appealing for that kind of talk.

Condog = Hats of for the great work. I feel for you re HC.

So you wernt watching the trading day yesterday either? I wasnt flipping as you put it because I dont hold this stock I got out in the last run. It was merely an observation of the trades that were going thru. The only explanation I can find for an insult like that is If your upset because your holding and ths stock is going down - not my fault but I am entitled to my opinion without being insulted by you or anyone else as per the forum rules!! I suggest you watch the trades for a day or so when it is being pumped up it might be enlightening for you.

I am waiting to get in but not for a while I think its going down further because of the glut of oil in the US, and the delays in bringing wells online.!!


CHEERS

 

[BrightGreenGlow]

So you wernt watching the trading day yesterday either? I wasnt flipping as you put it because I dont hold this stock I got out in the last run. It was merely an observation of the trades that were going thru. The only explanation I can find for an insult like that is If your upset because your holding and ths stock is going down - not my fault but I am entitled to my opinion without being insulted by you or anyone else as per the forum rules!! I suggest you watch the trades for a day or so when it is being pumped up it might be enlightening for you.

I am waiting to get in but not for a while I think its going down further because of the glut of oil in the US, and the delays in bringing wells online.!!


CHEERS

I can't speak for the guy above but I'd hardly call flipping an insult. Also guys it sucks we couldn't hold $1 mark but we are a few days off another production release so fingers crossed. You can't keep going up.. Both AUT and SEA are consolidating lately which is good before the next jump. Go back a month and you'll find SEA was a lot lower. The fundamentals are there so just hold and watch. Best of luck!

 

[RaymondJ]

I can't speak for the guy above but I'd hardly call flipping an insult. Also guys it sucks we couldn't hold $1 mark but we are a few days off another production release so fingers crossed. You can't keep going up.. Both AUT and SEA are consolidating lately which is good before the next jump. Go back a month and you'll find SEA was a lot lower. The fundamentals are there so just hold and watch. Best of luck!

This is the insult quote "I hear the atmosphere in crown is definetly more appealing for that kind of talk. "

You guys stick together I can see you dont want anybody interferring in your club
or having a differing of opinion so this is not the forum for me

Bye now

 

[bbker]

I am waiting to get in but not for a while I think its going down further because of the glut of oil in the US, and the delays in bringing wells online.!!

CHEERS

I don't know about a glut of oil as each news story I read from day to day puts a different spin on it. Of late I read that US stockpiles are overestimated and more is required. And with summer approaching there should be more consumption. Anwyay, the cushing spot price on close yesterday was up to $86.36 from $84.99

So what can you read into that for the coming months? I don't know.

Also I believe global demand is increasing which affects the US market.

And winter is ending in a couple of weeks so work should speed up on the wells. I guess the main problem is rain as SEA alluded to in the recent updates, not so much the cold as North Dakota is generally a cold place.

 

[Assasin]

This is the insult quote "I hear the atmosphere in crown is definetly more appealing for that kind of talk. "

You guys stick together I can see you dont want anybody interferring in your club
or having a differing of opinion so this is not the forum for me

Bye now

Raymond, chill out buddy, you can't of had that bad a day.:bricks1:

Now that we're a club, can we all get groovy gang names and have secret handshakes?
Just gaggin Raymond, it's been a good week. :dance:

 

[skivvy]

This is the insult quote "I hear the atmosphere in crown is definetly more appealing for that kind of talk. "

You guys stick together I can see you dont want anybody interferring in your club
or having a differing of opinion so this is not the forum for me

Bye now

I am not exactly sure what the quote means (atmosphere in crown) but I hope you stick around RaymondJ. I appreciate and value your input into this stock and the main reason for me joining ASF was to bounce ideas off other traders like yourself. We all interpret the markets and what a stock is doing slightly differently and that is what makes it interesting and how we learn from each other.

 

[condog]

Everybodies welcom Raymond, no club that im aware of, and imo discussion has to show both sides of the coin. From 1st hand experience though two things. 1 if your against a stock you have to expect a reaction, 2, its far easier to play devils advocate, then put forward information in the forst place.

But mate everyone and everyones opinion is welcome, but doenst mean it will be agreed with.

When your peeing into the wind you need to have a thick raincoat on. (ie thick skin)

 

[BrightGreenGlow]

No one is sticking up for anyone... its the internet after all. Anyways guys back to SEA, just had a look at the chart.. SEA is still in it's growth channel and maybe a top up this week is on the cards for me anyways. Like I said before we are a few days away from a production report.

 

[condog]

Been doing a bit of research on the admin costs of our young oilers. Interesting comparrison that SEA is significantly higher then the others. Something to keep an eye on. SEA might be a little top heavy in the admin department.

SEA approx 920K pq
AUT approx 750K pq
EKA approx 200 -300K pq
TXN approx 450K pq

These are cash cost only , they dont include options and performance bonuses. Simply the state admin cost from the Quarterly cahs flow and thier expected quarterly spend.

 

[bbker]

How did you average it out to get 920k pq? Are you looking somewhere other than the reports?

I haven't looked at AUT or EKA to compare but last quarter SEA's admin cost was higher than normal (esp. next to the historic average) and that was offset by higher revenue too tho I think we have to consider other activities that cause the swings. The 3q of 2010 looks like the best relative quarter.

Been doing a bit of research on the admin costs of our young oilers. Interesting comparrison that SEA is significantly higher then the others. Something to keep an eye on. SEA might be a little top heavy in the admin department.

SEA approx 920K pq
AUT approx 750K pq
EKA approx 200 -300K pq
TXN approx 450K pq

These are cash cost only , they dont include options and performance bonuses. Simply the state admin cost from the Quarterly cahs flow and thier expected quarterly spend.