SEA - Sundance Energy Australia
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First leg in now; pretty comfortable holding this one to be honest, given the low recovery costs once the multi-stage fraccing is in place and they have reached Operational Cashflow positive status already.
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15.5c resistance broke yesterday and the last few announcements appear positive.
The last traded price at 15.5c is ~13% higher then the 13.5c SPP price too. Money for jam.
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Expecting some short term downwards pressure on this one from 20 May onwards as there is a bit of profit-taking from the placement (0% LVR for most margin lenders so will be one of the stocks lightened if the recent volatility continues).
Happy to have the positive news keep rolling in though.
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This one has run a bit - up 81.5% on the 13.5c issue price! 
No news I can see, no announcement since 7 July, will be interesting to watch the price action from here.
No news I can see, no announcement since 7 July, will be interesting to watch the price action from here.
This one has run a bit - up 81.5% on the 13.5c issue price!
No news I can see, no announcement since 7 July, will be interesting to watch the price action from here.
Possibly some drilling results not relaesed to ASX yet??
Good on you, im currently out, but watching with interest.
Hey Condog
Could you please post a chart on this stock
I am very new to shares and am learning how to read the charts
I have a very small holding in this stock and looking to buy more
Thanks
James
Hey J &M its just had a good unjustified run, looking like its a bit overbought at present on the charts. Im not currently holding or charting it, perhaps mofra might have one.
On its stochastics and relative strength index, plus with simple trendlines it looks overbought, however having said that they have a hell of a lot of drilling happening and if they have hit something and its not yet published there could be a good reason for its sudden rise.
At 10-14 c its was way to cheap in my opinion. At 25c its probably still good value, but its raced there and likely to have a few pull backs before going higher imo. To me on a quick chart around 20-21c looks ok . But thats just my opinion ive been wrong and im really not watching ti as close as AUT.
This is not advoce, simply an opinion. Please seek expert advice and always do your own research (DYOR).
wow 30c today and going strong, appears to be based around sale to beach petrolium.
SEA have bben saying they are worth 40c plus for some time, maybe its becoming reaqlity..
Not currently holding , but have and probably willl, still waiting on some more viable wells.
They seem to me to be better at value adding to acerage then extracting oil, but certainly have some prime acerage in the Bakken shale.
SEA have bben saying they are worth 40c plus for some time, maybe its becoming reaqlity..
Not currently holding , but have and probably willl, still waiting on some more viable wells.
They seem to me to be better at value adding to acerage then extracting oil, but certainly have some prime acerage in the Bakken shale.
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Currently at 34.5c, pretty happy with the 13.5c SPP I must say
Interesting point on the acreage value-adds, release today indicates at $885their value per acre is much lower than their peers.
Production growth chart pushing 900boe pd for Dec 10, with Willistin basin showing 1020 boe pd during testing (excluding 24 hr numbers).
Given the stage of development cycle of most of their plays they will probably be priced closer to developer rather than producer for some time IMO, although the last cap raising gives them the cash they need.
Well done to all holders
seems to be a lot more in this in coming months
those bakken results are amazing
i think it might need to consolidate for a while first
only opinion, but i was right at 11c calling it as undervalued, so right now my guess is even though it still offers good value, i think it needs to consolidate for a bit first.
seems to be a lot more in this in coming months
those bakken results are amazing
i think it might need to consolidate for a while first
only opinion, but i was right at 11c calling it as undervalued, so right now my guess is even though it still offers good value, i think it needs to consolidate for a bit first.
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There does seem to be a bit of a pullback and consolidation forming now. I'm happy with sustainable gains and look forward to the Dec 10 results being released in the new year to see how closely they will be able to match the forecasts in their development updates/presentations to investors.only opinion, but i was right at 11c calling it as undervalued, so right now my guess is even though it still offers good value, i think it needs to consolidate for a bit first.
These guys now have 589 bopd and on schedule for 900boepd by dec. Almost every well they are tapping is in excess of 1000BOPD for its 30 day average now. They are very very very economic wells and SEA is getting better at negotiating higher prices, higher retained intersts and better and better acerages. They have 7 rigs working on site and right now imo they have with thier last few results proven thier acerage and operator as world class. imo this thing is due for a very significant re-rating just like AUT is currently going through. I could be wrong, but this is a familiar pattern emerging imo.
Surely on todays report and the imminent achievement of 900boepd Euroz and the other analysts will begin to dramatically rerate this .
At 900boepd rev should grow to 54000pd which after royalties , taxes and cash costs would give annual net revenue of approx 11-13Million. This equates to a share price of approx 55-65c, based on PE's of 12-14, given its growth prospects.
Surely on todays report and the imminent achievement of 900boepd Euroz and the other analysts will begin to dramatically rerate this .
At 900boepd rev should grow to 54000pd which after royalties , taxes and cash costs would give annual net revenue of approx 11-13Million. This equates to a share price of approx 55-65c, based on PE's of 12-14, given its growth prospects.
Well they didnt rocke tup today like i thought and like the company would have hoped, but that performanc cant be ignored for long.
These guys have $76m mcap - $17M cas = EV $59M
how on earth can a company which is on the cusp of earnings from 900+boepd, plus lots of other growth and world class acerage be trading at that price. Wont be for long imo.
These guys have $76m mcap - $17M cas = EV $59M
how on earth can a company which is on the cusp of earnings from 900+boepd, plus lots of other growth and world class acerage be trading at that price. Wont be for long imo.
My short term target is in the 40's. SEA has been a sleeper but is now starting to awaken and liquidity is improving. Share price will fall if the market retreats (can be had cheaply on dips). If markets hold up or advance then we are up and away IMO. Been in this for quite some time (sub 10c) and have been calling it way undervalued since then. Wasn't so sure of markets in recent times, but regardless of what happens energy prices are only going up in the long term IMO.
imo but DYOR todays announcment is nothing short of amamzing. 900boe pd by Dec and much more growth. Ev= $59M with over $13M? very soon. Anyone that imo cant see growth in that wants shooting.
