SEA - Sundance Energy Australia

[RaymondJ]

Yeah tanks Ray for sharing the personal thoughts in confidence from Sundance Energy's Chief Financial Officer.

There was in no way any confidential information in that email if there was it would have said in the email and it didnt. It is just a general statement about what the dual listing may or may not do and what it has seen to do with other companies ie AUT. Im sure SEA would not give away confidential information to any shareholder as that may be seen as insider trading. I hope this aleviates your concern over this matter. The company probably should have put out some more information as to how this might affect the stock in the first place and their reasons for doing it.
It was easier to put up this email than to explain it, and after all this site is about sharing info about this stock. I have other replies which I have not put up.

I would appreciate any thoughts and ideas on this dual listing from you.
RJ

 

[alexc2005]

More importantly- what does this mean for the share price?

I'm considering topping up at $.60 but don't really grasp what is happening and what it means to the sp.

 

[RaymondJ]

More importantly- what does this mean for the share price?

I'm considering topping up at $.60 but don't really grasp what is happening and what it means to the sp.

From the information I can gather and from watching AUT go through a dual listing it is generally a good thing for the SP. The board and Mr Mcreedy at SEA are doing what they consider is beneficial to the company and the SP and I agree with them. There will be another company listed on the Toronto stock exchange and generally the TSX and the ASX SEA stock price should stay pretty much in lock step but theres no guarentee for that. The company board of directors are only considering this at the moment and nothing is final. I think the main reason they are doing this is that the TSX tends to value oil drillers much more favourably than the ASX. The SEA board in my opinion is doing a great job and the company is in a good position and I personally trust in them to take the right steps forward as they have done. It is interesting to note that a dual listing is better than a merger or takeover but thats just general Im not saying SEA is about to takeover or be taken over. I have faith in this company.
this is just my opinion only.

I hope that helps please if anybody has more info on this post it but remember this is only in the idea stage as far as I know.
cheers RJ

 

[alexc2005]

Thanks for the clarification- Bloody hell the sp is dropping like crazy!!

Now seems to be a good time to buy, if we see $1 again in the near future it will be some easy money

Hopefully the dual listing does have a positive affect.

Do you have any info on how exactly AUT was affected? Like what the SP % change was when it all went through etc.?

 

[RaymondJ]

Thanks for the clarification- Bloody hell the sp is dropping like crazy!!

Now seems to be a good time to buy, if we see $1 again in the near future it will be some easy money

Hopefully the dual listing does have a positive affect.

Do you have any info on how exactly AUT was affected? Like what the SP % change was when it all went through etc.?

Have a look at the posts around the 28 feb 2011 on the AUT blog especially from Condog as he shares some great insights on trading and also take a look at the chart of AUT on the 28feb or there abouts I think it is. Most commodity stocks are heading south but Im sure they will come back again but thats my opinion only.

p.s stock price heading north again phew!
bye RJ

 

[BrightGreenGlow]

I read in the news today that the US has just hit it's debt ceiling AGAIN... hopefully they will keep raising it higher. Who knows? May is known to be a good time to sell and this has been true again this year.

Im guessing many people who have taken their profits from SEA in the last month or so.. check the charts.. a year ago was a great time to buy and even selling now would make people rich.... well they will have a good profit on SEA. I will continue waiting and I do pin my hopes to the fact that fundamentally mostly everything is going ok. Some production rates haven't met expectation though. I may sell off some SEA I bought at 80c to reconcile the CGT balance sheet... however not to brag but I have a bit of cash from TLS ready to pump if I do see SEA move up again

 

[dashwood]

Thanks for the clarification- Bloody hell the sp is dropping like crazy!!

Now seems to be a good time to buy, if we see $1 again in the near future it will be some easy money

Hopefully the dual listing does have a positive affect.

Do you have any info on how exactly AUT was affected? Like what the SP % change was when it all went through etc.?

You need to review the sp basic graph before during and after the dual-listing. many global factors occurred around this time but a quick factoring of other comparable stocks should give you an insight into the likely effects of dual listing on AUT and it ain't favourable! Happy researching and decision making!
If this depression in SEA is manufactured and before the so-called benefits of dual -listing I hate to think how far south the journey is going to be.

 

[RaymondJ]

You need to review the sp basic graph before during and after the dual-listing. many global factors occurred around this time but a quick factoring of other comparable stocks should give you an insight into the likely effects of dual listing on AUT and it ain't favourable! Happy researching and decision making!
If this depression in SEA is manufactured and before the so-called benefits of dual -listing I hate to think how far south the journey is going to be.

Yeah maybee thanks for the input. From what I can makeout from the research Ive done it depends on how they do it. If they issue a placement of new shares for Torronto Exchange or use the ASX listed shares. An on other dual listings of much larger companies the dual listing hasnt stayed in step ie one exchanges sp has been much higher than the other and so some cross selling occurs. There is no decision wether to dual list or not yet SEA is just looking into the practice because the TSX lists oil drillers more aggressively than the ASX by that they mean at a higher price.
tks for the input.
I d agree with your thoughts on a manufactured depression, I have watched SEA very closely over the last month and it appears for all the world like there has been a concerted effort to get it down to a particular price and I have seen large purchases when it hits a particular price?? SEA is sitting pretty for a takeover meybee Im only a novice on that issue in my research Ive noticed several experts saying that a dual listing is more beneficial than a takeover in several ways-one being tax, who knows.
Any thoughts on this anybody.

bye RJ

 

[Mofra]

Positive reaction to today's announcements - up over 10%.
I assume the section on directors not selling down further has been the major impetus - I did read the other sections (farm out agreements) positively.

 

[BrightGreenGlow]

This is true, however, I did not see a hell of a lot of ****ty small trades so many an end of the constant bot-ing down of SEA since $1+ mark? A lot of buying support today and a good finish.

 

[RaymondJ]

This is true, however, I did not see a hell of a lot of ****ty small trades so many an end of the constant bot-ing down of SEA since $1+ mark? A lot of buying support today and a good finish.

It has been like having teeth pulled without novacain watching the bots take control. It looks like it might be over for a while, Im hoping. Funny thing the bots stopped when the directors stopped selling or thereabouts anyway. I agree it is looking much better now, like it should be looking it is a good company powering along. I think what has helped it now as well is that the stocks of crude in the U.S. didnt go up last week against anylists predictions. Some big user countries have been drawing down their stocks of crude for a while and they will have to restock soon. So heres looking for better times ahead.

Cheers Bright Green
RJ

 

[Assasin]

Very informative post courtesy of Gwaihir from another forum.


(Hypothesis)

For all aspiring Bot-Meisters, the constant (chronic) algorithm that for the past 3 months has been forcing down the price of SEA, was switched/reversed at 56 cents on Wednesday 18 May.

This is consistent with the previous capital raising of 51 cents in October 2010, and covers the 6 month period of algorithmic activity.

The institutions/brokers/financiers who have been manipulating SEA, acquired equity at 51 cents in October 2010, taking out LONG positions.

A chronic "Increment" algorithm was then initiated for 3 months.

This raised the price over a period of 3 months to the pre-set trigger value of $1.10.

At a scale declining progressively from $1.10, profits were taken, while at the same time an aggressive SHORT position was applied.

A chronic "Decrement" algorithm was then initiated for 3 months.

This algorithm forced the price of SEA down over a period of 3 months, to the trigger value of 56 cents (with profits being taken most of the way down).

At 56 cents, the SEA algorithm was once again switched/reversed, and buying began in order to cover the SHORT position, thus returning the SEA stock price once more into a rising pattern.

The short position will be rapidly covered, and the algorithms removed (temporarily), thus allowing the stock price to stabilise somewhere been the upper and lower trigger values.

All profits have been taken, and the grateful institutions/brokers/Hedge Funds/financiers (known as the IBHFs) are once more eagerly awaiting the next SEA SPP and Capital Raising.

IBHFs Moto - Our Bots are always ready.

 

[BrightGreenGlow]

Some solids trade today perhaps on the back of the dev update... it looked pretty standard to me, but some good 7day declines and i guess it just reaffirmed us waiting on frac and initial flows. Was disappointed with SEA trading around 1-2 c up most of the day especially with a good update/solid update to their goals and that goldman article, but I came home to find it up 5c and big orders in the buying column.... very happy day for me... every happy day for most people long on oil. Comments please... ?

 

[yma]

Nice day, looking forward for price go up with big volume. AUT got about 5m today with big gain, hopefully will happen to SEA soon.

Holding SEA, AUT and HOG

 

[RaymondJ]

Hello YMA - Bright Green, it is looking better up to 71.5 now AUT has charged up like a wounded bull. Is now 1241est and still looking bullish on the buy side and a lot lighter on the sell side for a change. This stock was badly battered by the management selling but it seems to be recovering now.

1 point what is the Fulton 19-r well about I saw on the HotCopper forum a comment about this well being part of the Arriba project but on the map when I had a look it definately is well to the East as the HotCopper post says - any ideas as to what thats about.

Cheers YMA/BG

 

[yma]

Hello YMA - Bright Green, it is looking better up to 71.5 now AUT has charged up like a wounded bull. Is now 1241est and still looking bullish on the buy side and a lot lighter on the sell side for a change. This stock was badly battered by the management selling but it seems to be recovering now.

1 point what is the Fulton 19-r well about I saw on the HotCopper forum a comment about this well being part of the Arriba project but on the map when I had a look it definately is well to the East as the HotCopper post says - any ideas as to what thats about.

Cheers YMA/BG

Not too sure about it as well, Condog might have some idea.

Big volume with big gain today, have a good weekend.

 

[BrightGreenGlow]

Woah... SEA forum got quiet :S. Well seems the old ceo/director.. whoever it was now has dumped a lot of shares and we are on the trend upwards.. another good dev report came out yesterday and shows a lot of wells awaiting frac and a few drilling. Some nice flows in there but pretty standard. I see Acron bought another 2% recently too which is good.... oil is back trending up so all good to breach the magic $1 mark again barring another other tragedy!

 

[Kremmen]

Last week's update was generally excellent. The best new well, Thompson 1-29/32 (4.8% SEA), produced 59,463 boe in its first 30 days, which should be around a week short of paying off its drilling costs. 1,982 boe/day is the best well result I've ever read from an Aussie driller and the average results over all the new wells are pretty good too.

 

[radioham6]

Almost it's at a yearly low @40.5 cents this morning. Is it a good time to get on board? Thread very quiet indeed.........Looking at the share price graph over the past year it's getting a consistant down trend. Comments?

 

[Kremmen]

Almost it's at a yearly low @40.5 cents this morning. Is it a good time to get on board? Thread very quiet indeed.........Looking at the share price graph over the past year it's getting a consistant down trend. Comments?

Looks like it was indeed a very good time to get on board. Over 50c today, possibly related to the latest
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