SEA - Sundance Energy Australia
- Thread starter wipz
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Cheers bbker - do they have conditions on those price targets?
Only ask as the 900 boepd target for Dec10 was met, and teh target for Dec11 is 2,000 boepd (quite a jump).
Given the targets have been consistently hit thus far, I'd be interested in any broker price evaluations at 2,000 boepd (I hold a fair bit of faith in the management of SEA going by past occurances).
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Well SEA has been smashed with the whole market today and broke the magic $1 mark again. Watching the end of market to regain the $1.02 level.
Well there you go back in at avg around 90c, like the story will not try to be too smart this time (really only got them again due to market and global sentiment not by any smart piece of trading) do not see that it has much to do with the share and will hold a little longer this time liked the half yearly and Eurooz target. GLTA
Do you make these SEA trades in a separate account from your "investments" for tax purposes or do you just have them mixed up in the same account? (Unless of course you don't keep anything for 12months+ or at least treat as though you don't)
Contact me offline and I will explain my trading strategy to you and what structures I use. But I am an investor not a trader, I just hold to make a gain (a gain to me is not just paper profits but money in the bank), tax is secondary consideration. I only hold 1 to 4 shares at any one time in this micro/small cap area of the market. I also have blue chip LT (some over 10 years) in my superfund for capital growth and for dividends and franking credit benefits.
I will be holding SEA LT from this point, which means as long as the fundamentals remain strong, that is the company is doing what it say's it is going to do and the market does not go pear shape. I hope to contribute to this forum during this journey if I think it can add to the discussion.
I will be holding SEA LT from this point, which means as long as the fundamentals remain strong, that is the company is doing what it say's it is going to do and the market does not go pear shape. I hope to contribute to this forum during this journey if I think it can add to the discussion.
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The chart over the past month shows the impact of the Japanese crisis and the subsequent bounce back and what a strong bounce back it has been. You would be kicking yourself if you sold out during the dip! Looking forward to the next production and development of those new wells... 
If anyone has the next Euroz update please post next month thanks.
If anyone has the next Euroz update please post next month thanks.- Joined
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I doubled my holding during the dip cant wait for the next one either!
glad it didnt test 80!! we're still making higher highs and higher lows! on wards and up wards!!
this is just my opinion! please do your own research!!
cant wait for the next one either! glad it didnt test 80!! we're still making higher highs and higher lows! on wards and up wards!!
this is just my opinion! please do your own research!!
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Dev Announcement out today and was good for the SP... reaffirmed the amounts of wells being drilled, nearing completion and testing.. and currently inline with the 100 or so that will be in production in 2011. Good stuff.. hopefully this will push into next week and the Production update will be one to watch too... cant wait.
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Today's trades seem a bit weird to me... a lot of small number trading seems useless... what does this mean if anything?
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Reserves report out today. Looks like a good result to me. Around 12 million boe in the 1P category and 4 million boe in the 2P category. Not sure how this weighs up against the expected proven and probable but they stated it was a good result and 202% increase in reserves since mid 2010. Announcements was reased after market close. What do you guys expect tomorrow?
Yes I agree, BGG a pretty good news release and if the US market stays green tonight then expect the $1 mark to be breached again tomorrow. Not sure if this will hold during the day, especially with the uncertainity in other markets around the world and tomorrow being Friday, I think maybe some profit taking by traders towards the close may keep the sp from holding on to the $1 mark. We will see, but technically the sp is looking a little toppy and the price action has been pretty slow this week.
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Yes, a bit frustrating after the announcement yesterday. All good news from a company and fundamentals side of things except the sp still goes down.
There has been a pattern of stocks retracing after terrific reserves upgrades, AUT, EKA and now SEA.
We should all learn for next time.
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I agree Assasin, the market has its blinkers on as far as im concerned. SEA, HOG, AUT, EKA and TXN are all in a good place fundamentally and the oil price is through the roof yet none of these companies SPs have done anything in 3 months. Yet we see Lynas and Arafura going very strong on nothing but stupid speculation. Everyone wanna talks technicals etc.. but technicals are bull**** without fundamentals.. without fundamentals you have no company. I hope this market wakes up to itself soon... Rediculous.. ONLY MY OPINION SO DONT HATE.
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http://www.sundanceenergy.com.au/2011/03.07.11-EGM Notice & Proxy.pdf
1. ORDINARY RESOLUTION 1: RATIFICATION OF PLACEMENT OF 34,201,250 SHARES
Background
The Board seeks shareholder approval of the issue of 34,201,250 shares by a placement to sophisticated investors, at an
issue price of $0.51 per Share, to raise an amount of $17,442,637 before costs. The shares were issued on 3 December
2010, as foreshadowed by the Company's ASX announcement dated 16 November 2010. Those shares were issued in
accordance with ASX Listing Rule 7.1, and did not require shareholder approval.
1. ORDINARY RESOLUTION 1: RATIFICATION OF PLACEMENT OF 34,201,250 SHARES
Background
The Board seeks shareholder approval of the issue of 34,201,250 shares by a placement to sophisticated investors, at an
issue price of $0.51 per Share, to raise an amount of $17,442,637 before costs. The shares were issued on 3 December
2010, as foreshadowed by the Company's ASX announcement dated 16 November 2010. Those shares were issued in
accordance with ASX Listing Rule 7.1, and did not require shareholder approval.
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Please correct me if im wrong but this is old news hey... arnt we due a production update possibly this week... its been nearly 3 months.
