SEA - Sundance Energy Australia
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Just doubled my money today which is always good news... this may be off the back of the new article posted here before and the correction of the prices. Once again x10 the pressure on the buyers which is anyways good and doesn't look like pulling back. End of year should be good for SEA.
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SEA looking really good.. Halliburton JV partner just shows what there acerages have to offer... Just wish I had more money for all these Eagleford & Niobrara players..
Its on the back of the JV with Halburton and Macquarie, which is another amazing deal done by SEA. These guys are absolutely brilliant. I dont think this will be the last of it either. If they sure up the Nior... thier reserves will go through the roof and I would expect a significant rerating.
Disc-dont hold but have in past, and expect to soon.
What happened to all that buying pressure? It certainly didn't look like dropping below that 80c mark early on yesterday. With that SEA Euroz valuation at $1.05 i'm sure a fair few will be topping up or re-entering this morning. Looks like a good opportunity.
Condog is this the moment you've been waiting for?
SEA had a new share issue of 3.6 million or thereabouts so that probably wouldnt have helped the problem today. It did hard yards all day. Im exhausted just watching it.
Buyers and sellers eyeballing each other all day!! Its a problem everone wants to get in half a cent in front. Anyway with the share offer over meybee well have a better time tomorrow.
Dont pannick!!
Buyers and sellers eyeballing each other all day!! Its a problem everone wants to get in half a cent in front. Anyway with the share offer over meybee well have a better time tomorrow.
Dont pannick!!
Hi there Im no expert but Im also in SEA and if you bought in today I think you got it at a bargain. I read the announcement to the stock exchange about the directors but im pretty sure they were options that had come due and had to be exercised by the due date. The new share distribution im sure would have a diluting affect on the price because they offloaded about 3.6 million the other day and I was watching so I saw them go through mostly in one hit which gave the share price a flogging I can tell you.
Anyway the company has good prospects for 2010 and is debt free. I think the new shares were a second part of a capital raising to fund the new well drilling and prospecting in the US. After a bad day today the share price sank 1.5c but so did a lot of shares and buy more than that. Anyway I hope this helps, check their website.
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topped up today and looking forward to next year
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Hi everyone,
Just new to this so wondering when you use the valuation of $1.05 when is it predicted to reach this mark? I am currently holding AUT and trying to get a feel for SEA as well.
Cheers,
Steve
Its a vluation / target which to me means it basically sometime between now and 6 months.
Personally SEA to me right now is worth around the $1mark, so its imo undervalued.
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Been watching SEA, for a couple of weeks now. I don't own any BTW. And it's travelling along very nicely, beautiful chart. Certainly a trend pattern to learn from, for all the aspiring trend traders out there.
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I would think the 900 BOPD(e) target for Dec was driving much of the recent run (and the release stating they will achieve the target). If price movement was to take a breather awaiting further guidance from management I would see that as a healthy sign TBH, given the stock really is running on fundamentals.
Given their performance thus far, I'm more confident in the management team of SEA than I am of any of the 14 bluechips I hold, despite what is (I assume) a fairly significant gap in salary.
Given their performance thus far, I'm more confident in the management team of SEA than I am of any of the 14 bluechips I hold, despite what is (I assume) a fairly significant gap in salary.
Hi there SEA doesnt seem to be doing a great deal. I sold out at 0.79 today and the trading is very low in volume. Volume has been low with very little buyer pressure except for one day and I think that all had to do with a newspaper article and since then its been steadily declining although in spurts. I dont know what the problem is but there is not enough interest in the coy. Meybee its got something to do with the reserves in USA not being depleted as fast as thought they actuall are using less oil that anticipated.
Anyway Ill still keep my eye on it good luck it closed the day at 0.77
Yeh a friend of mine bought SEA and AUT on my say so and last year his big portfolio of very good largecaps basically went sideways whilst his small holding of AUT and SEA made him over 150,000.
One has to ask questions about what is risk. IS having many hundreds of K's exposed to the market going no where low or high risk, whilst small holdings are getting huge returns.
I know what my answer is. Id have the large part in cash and just expose the small part to the market. ???? makes you wonder whether traditional assessments of risk are valid.
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Can you please clarify this last bit? Seems to be a typo. Much appreciated.
Will be interesting to read the assumptions that Euroz have used - obviously 900bopd was trumpeted as the daily production to the end of Dec 10, but the October presentation reports 2,000 BOPD as the target for Dec 11.
They note existing assets have a development potential of 4,250 BOPD.
