Aussie oilers for the watchlist ... 22022004

[yogi-in-oz]

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Aussie oilers update 22022004:

Hi folks,

As many of the oilers have hit bottom or started
on a new uptrend recently, it is probably a good
time to review this sector.

So, here's a brief overview, from one techie's
perspective:

AFM ... on it's lows and a good story, still to
be recognised by the markets ... stop loss 1.9

-----

ARQ ... needs some good news. Looking for a
bounce off the lower edge of the current trading
channel, at about 88 cents.

-----

AYO ... would like to see a blow-off low to give
us a buy signal, but right now, traders seems
undecided about the direction ..... looking for
an entry about .55, but with some good news they
could bounce from the current level, with that
long term pivot at .73 being the short term
target.

-----

AZL ..... new management have upset a lot of
traders with a recent issue to their "mates".
That said, they may be in a better position
after the placement to fund their plans on
some good ground, at a prime address in
Queensland, adjacent to the BPT gas/oil plant.
One to watch.

-----

AWE ..... good story all round and chart is
set to breakout above 1.36 -----> target 1.69

-----

BPT ..... another good story and largest onshore
leaseholder in Qld/SA/Vic fields. Has $30+m to
spend on their forward plans. With established
production facilities in Cooper and Eromanga Basin,
they may see some value in further expanding their
infrastructure. Stop loss 32 ---> 1st target .39-.41

-----

BHP looks strong ..... better than money in
the bank in the long-term.

-----

BDL ..... a roughie here for speccie traders. News
can only get better from here?? Stop loss .02

-----

CTX ..... a blow off top soon? If the crude oil
price spikes up, we may see some profit-taking
in this refiner .....??

With pressure building in the Middle East again,
we may get another trigger soon for another oil
shock ..... crude prices have been ticking up
steadily lately, so it will not take much to send
the markets into a buying frenzy.

Will be watching world events closely over the
next week or so ... particularly around 26022004.

-----

CVN ..... has a current issue under way and even
though they are already drilling some development
wells, the market has shown its distrust in this
management ... marking the shares down below the
issue price ..... if they can establish some more
flow, this stock should turn around quickly .....
stop loss 2.5 -----> target 12.5

-----

CVI ..... traders have bagged this stock for a
long while, as they were too diversified in
their operations. Now, they seem to be focused
on oil exploration again and the chart shows us
the potential for a rally soon ... be warned,
this is a thinly traded stock, so big players
need to have patience, especially with their
exits. Stop loss 8.5 -----> target 24.5

-----

DLS ..... not yet, but soon. Another one for
the watchlist ..... also thinly traded.

-----

EBR ..... looking for a breakout again soon.
Stop loss 6.2 -----> target 10.5
This could move fast .....??
-----

EGO ..... would like to see the shares consolidated
on this one and an issue for some serious
working capital ... but at current price:
Stop loss .0072 -----> target .026

Needs a change of management.

-----

ECU ..... Stop loss .03 -----> target .055

-----

EPR ..... Am not sure about this one ..... it has
been the market darling for Adelaide
traders, in the past, but others may
prefer to have it on their watchlist.

Stop loss .145 -----> target .24

-----

EWC ..... another longer-term turnaround story.
Stop loss .018 ---> potential target .17 ?

-----

FAR/HZN/PSA/ROC ..... 1st China well due to spud
this week ..... whilst China may be thirsty for
oil, the wheels of business grind slowly and
even if there is a good discovery, it may take
a

[miner]

Thanks for that Yogi.

Cheers
Miner

[Elise]

Excellent post there, Yogi.

I missed a ref to CUE tho'...?

[yogi-in-oz]

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Hi folks,

As with most of those oilers, not on that list,
we get to review CUE more regularly, like the
thread and chart at:

http://www.incrediblecharts.com/forums/messages/8/205909.html

hope this helps you some

yogi

:) :) :) :) :)

[Gofish.]

Hi Yogi,

Thanks for the list & comments - but no PCL?
A bit more interest today & back at 14c - too much blue sky?

Rgds
Gofish

[yogi-in-oz]

Hi Gofish,

If PCL can close above .16, with volume,
then the chart indicates that it has
the potential to move up to the next
targets at .20 and .25, quite fast.

..... however, given the blue sky that
you mentioned and uncertainty in world
events right now, clearing that hurdle
at .16 may take a little more time, yet.

Right now, we would seem to be at a
critical time, on the world stage.

So, there's some oil traders, that may
be looking to "safe havens" in local
oilers that have little exposure to
world events ... particularly, in
Moslem countries.

happy trading

yogi

[Varmi]

And MOS? Appreciate your efforts Yogi. MOS has an interesting chart, had some successful gas hits...

OEX took a hit but have more drills to come.

R/Varmi

[yogi-in-oz]

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Hi Varmi,

As with some other current trades,
we post on MOS, separately .....

Having said that, if we get a shock
this week in other stocks, that
have international exposure, then
MOS could be one local stock to
benefit, as oil traders seek some
safety, in oilers with purely
Australian or NZ operations.

More about that later .....

..... a break above .25, will see
us shooting for our original
target, at around 29-31 cents.

happy trading

yogi

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[yogi-in-oz]

:) :) :) :) :)

Hi folks,

Given the nature of the conflict in Iraq
has taken a different direction now,
there's some concern about the interests
of our oil companies, with interests in
Muslim countries.

Already, we have seen this fighting
between muslim factions spread to
Pakistan and it could easily spread
further, quite quickly.

BHP, STO, CUE, HDR, NDO, ROC, LIO are
typical examples of stocks that have
experienced a sell-off, in the past
day or so ... and all have interests
in Muslim countries.

PCL and AYO have held up today, though
AYO had already been sold off dramatically,
from its previous highs.

Obviously some traders getting nervous
about overseas counters, so that should
make oilers, with local interests more
appealing, if this uncertainty drags
on.

Already, we can see some rotation into
"safer" oil stocks today, like ARQ, MOS,
PSA, BPT .....

Watching this situation, with great interest.

happy trading all

yogi

P.S. ..... holding ARQ, MOS, PSA, BPT.

http://easy-trading-tools.00cd.com



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[miner]

NXS doing ok on good vol Yogi,you watch this one?

Cheers
Miner

[yogi-in-oz]

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Hi Miner,

Yes, traded NXS succesfully, last year.

Right now, it looks like a target, about
22.5 - 23 will bring out some serious
sellers.

.... probably tomorrow, as it will be
13 months from its lows, at .015 and
exactly 12 months, from the breakout
at about 3 cents ..... !~!

hope this helps some

yogi

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[miner]

Thanks yogi interesting,but I thought looked strong with vol and ok close on 20c,so looking for 25c or so,also on good radar etc.

But thanks for the reply,keep an open mind an learn thats me:D;),watching MOS too for it to get going.

A tea leaf,star showdown:D[8D];)

Cheers
Miner

[yogi-in-oz]

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28052004:

Just checking on some of the oilers' charts .....

..... in no particular order:

AMU .... support around .42, now ticking up
and has potential to move up fast.
On good news, targets at .53 and .62
..... looks healthy on the chart and
up on increased volume today.

-----

AOE ..... watch carefully, tested bottom at .21,
5 times this month, but traders not
confident enough to push it back up
strongly, just yet ..... .28 may be the
first significant resistance in any
rally going forward.

> -----

ARQ ..... so far .81 (9 squared) has held, as
price gapped-up over resistance today,
leaving the support zone, at the lower
edge of the trading channel.

Supporting volume is good, so expect
to see this one rally further from here,
though the momentum will likely be slower
than the last leg up.

ARC has just announced the granting of an
expanded production licence in one field
and have 2 current wells going down .....

> -----

ASL ..... bounced off lows to make a triple bottom,
over the past at 59-60 ..... looks promising,
with gathering upside momentum, but waiting
on news before entering this one ..... not
much interest in this driller, right now.

> -----
>
> AVR ..... another onshore driller ..... has liftoff,
into the next rally, but on average volume, so far.
May run into stiff resistance, about 55 cents.
>
> -----
>
> AWE ..... looks very strong right now ..... quality oiler
in a steady uptrending trading channel and broke
out today on anticipation of more good news,
from current NZ wells.

A gap above today's doji at 1.67 will see further
targets at 1.75, 1.84, 1.93 ..... then, blue sky
> -----

AYO ..... ticked up today, on less volume, after a recent
presentation to investors.
Upside targets 67 and 73 cents, which is a
long-term pivot for this stock.

Still trading under averages, so this rally
may be short-lived .....??

> -----

AZL ..... finally a lift off its lows, but only low
volume yet ..... new management, but needs
funds for Eromanga Basin leases.

Has built a huge base over the past year, so
it has some potential ..... 3.5 by 22102004 ...??

> -----

> BPT ..... signal day today, after a doji in this market,
two days ago ... needs to gap-up over 28.5 to
make this rally sustainable.
> -----

BHP ..... primed to continue this strong rally ... huge
volume and a spinningtop candle, confirmed the
strong indicators, yet again today.

..... resistance ahead and targets around
12.60 - 13.20 and 14.48.

>-----


BSO ..... ticking up, but does not look as good as
in previous years ..... needs news and volume.

3.11 by winter equinox 21062004 ...?

> -----

BUY ..... off its lows today. Primed to move higher and
could rally back up, sharply .....??

..... has just tested lows, on lower volume to
make a higher low recently. Needs some news.

>-----

CTX ..... keeps on truckin' ..... looks very strong.
Broke out on 352 trading day cycle .....

>-----

CVN ..... off its lows, with good volume over the past
3 days and a doji candle formed today .....
looking good, technically.

>-----

CVI ..... would like to see this one bounce off 5.5 cents,
with good volume to give us a signal day.

From that level,

[donner]

PPP ..... exhaustion gap and a hangman will be confirmed
next week if this one trades below 16.5 .....

What is that?[B)] Sounds like crash and burn to me.

[yogi-in-oz]

:) :) :) :) :)

Hi folks,

PPP ..... sometimes, such signals can give us
spectacular results ..... :)

happy trading all

yogi

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[donner]

Now I'm only 100% up. [V];)

[JBmurc]

thanks for ya efforts yogi ;)-hold-OSH 1.19,BPT .27,LKO .051 hoping for some blue sky in these shares osh looking real good[8]

[yogi-in-oz]

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Hi folks,

HDR/WPL/ROC formally announced the go-ahead
for the Chinguetti development today, just
as the major cycle falls due .....

..... watch these build up steam now, as the
hype starts building ahead of the 2004
drilling program.

> Time targets .....

> ***** 01 June 2004 = major cycle *****
>

..... ooooops, one day out !~!

happy trading all

yogi

http://easy-trading-tools.00cd.com

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[yogi-in-oz]

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Hi folks,

..... nailed the quinella HDR and MOS !~!

MOS announced a substantial gas sales
contract, after the market closed today,
on the day when a long cycle fell due ...
..... see post above.

..... this should trigger a breakout tomorrow.

Trifecta = my latest astrotrading book is being
released this week, as well, lol ..... :)

happy trading all

yogi

P.S. ..... holding MOS.

:)] :) :) :) :)

[yogi-in-oz]

:) :) :) :) :)


Hi folks,

GOG has seen some higher volumes over recent days,
with the announcement of their next well being
brought forward, to spud mid-July 04.

Shooting for .32 on or before 02082004 .....

They are also due to run further testing on 2 wells
drilled previously, starting next week, on 21062004.

happy trading

yogi

P.S. ..... holding GOG

=========

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[yogi-in-oz]

:) :) :) :) :)

..... GOG ticking up nicely, now.

happy trading all

yogi

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[JBmurc]

OSH-good solid rise today :) looking good for strong uptrend be watching closely 121-127 tommrow 127-130;) then upwards 160;)
JBMURC-holding-OSH-

[yogi-in-oz]

:) :) :) :) :)


Hi folks,

GOG price ticking up again, with good supporting
volume .....

happy trading all

yogi

P.S. ..... holding GOG

http://easy-trading-tools.00cd.com

:) :) :) :) :)

[donner]

Howz PPP with a drill just happening and two coming up?

[slam]

Been watching PPP for a while now donner.
Last news wasn't to good but allot of support moved in with Muggles.
seems like a few games being played with the price. Big bids placed then removed but also a few big buys each day. someone accumulating.

see what happens but worth an eye;)

Cheers Slam
DESC: hold a few.

[donner]

;)[^] Cheers Slam.

I'm looking for 15c.

[yogi-in-oz]

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Hi folks,

AYO has rebounded to that historical
pivot at .73, already ..... ahead of the frac
job on WR-5 over the next couple of weeks.

Will wait for a result on this one, before
entering, given the past "success" rate
down there ..... of course, the daytraders
will be hyping it up, but it will fall like
a rock, if they don't get a flow, this time.

Whicher Range 7

Explorers 0 - zip, nada, kosong, zilch ...

Would still like to see AYO test its lows
again ..... but, if it can gap-up over .73,
then the next stop should be the previous
gap at about .80-.84 .....

..... short time cycles are telling us that any
rally from now, should peak about 16-19072004.

Will be looking for WR-5 news,
on 14072004 and 20072004.

happy trading all

yogi

http://easy-trading-tools.00cd.com

:) :) :) :) :)

[JBmurc]

whats ya view on these small oil caps-BUY OEX-blue sky potention
JBM-holds-OEX looking at BUY;)

[ELYOB]

PSA seems to be ready for the Breakout .....Geee there has to be everything going for it !

[ELYOB]

NXS : watch for further developments ....

This is going to be Australias mini Mauritania , and it is going to happen very soon .

[clearasmud]

Tap oil sp is rising.Good drilling program coming.A buy IMO
Disc hold.

[Tinker]

I agree clearasmud. I note 3 directors have taken up their options at the market price yesterday. Their objective is to double market capitalisation, reserves and production levels in three years. I think they have the management to do this.

Plus they are digging a few holes in NZ at the minute which provides a level of local interest.

Discl. Holder

[yogi-in-oz]

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ASl, AVR and BDL update ... industry speculation ......

Hi folks,

WARNING: ..... all of the following is pure
hearsay and drilling industry speculation, so
please do your own research.

On 12122002, a brief note about rationalisation
in the industry was posted ... see post below.

Only recently, BDL receivers have offered Brandrill,
as a going concern.

Both, AVR and ASL are said to be looking over BDL
assets, as either company would receive a significant
and immediate revenue boost, by scaling up in the
same industry.

Both ASL and AVR charts topped out in Feb 2004 and
made a rest stop in late May 2004 ..... and both
are in limbo, with room to move up or down, so it
is obvious that both markets are anticipating some
news .....

..... in acquiring BDL assets, either ASL or BDL will
likely have to go back to the market for more money.

It should be interesting to watch these events unfold.

Will post some astroanalysis on these stocks later, so
meanwhile, do you your own research on the fundamentals.

happy trading all

yogi

=====

12122002:

--- In AussieOilers@y..., "yogi" wrote:

> Hi folks,
>
> An observation that may be worth repeating here.
>
> With BDL back in town there's 3 listed mineral drillers
> located in Perth, all focused on similar markets.
>
> Since these markets have shrunk from the boom times,
> it would not be unreasonable to expect some
> rationalisation in the industry.
>
> Price action of both ASL and AVR, looks like some major
> news is expected soon ... particularly ASL ... narrow
> range days over an extended period, since early
> October 02.
>
> This chart pattern also happened just before BDL
> was suspended ... coincidence, maybe?
>
> hot charts
>
> yogi

http://easy-trading-tools.00cd.com

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[yogi-in-oz]

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Hi folks,

Finally, MPO - breakout with good supporting volume today.

Shooting for targets at 5.4 and 6.4 cents, by
04112004 .....

..... long cycles fall due on 04112004 and 13032005.

happy trading all

yogi

P.S. ..... holding MPO

http://easy-trading-tools.00cd.com

:) :) :) :) :)

[yogi-in-oz]

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Hi folks,

COE news comes in on TIME 29112004, as
per previous, brief astroanalysis .....

..... COE is primed for anaother rally now.

happy trading all

yogi

P.S ..... holding COE.

http://easy-trading-tools.00cd.com

:) :) :) :) :)