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airedale
29-10-2011, 10:21 AM
SXY has been at this level before. May be sustainable this time.I am looking for a little retracement before going onwards from here.

Financially dependant
29-10-2011, 10:36 AM
SXY has been at this level before. May be sustainable this time.I am looking for a little retracement before going onwards from here.

Hi airedale, agreed there is a bit of resistance overhead 51.5c so needs a bit of commitment to get through it...

STRAT
07-11-2011, 01:15 PM
Hi fellas.
They really are quietly gettin the job done. eh?
another ann, another small rise today

Rabbi
07-11-2011, 03:16 PM
Takeover offer for ADE by Beach would have sparked interest in Shale Gas juniors. ICN DLS and SXY are prime targets. Hopefully Senex are the last as their SP has a bit to run yet IMO.

Financially dependant
08-11-2011, 09:15 PM
Hi airedale, agreed there is a bit of resistance overhead 51.5c so needs a bit of commitment to get through it...

Commitment completed...

Corporate
08-11-2011, 09:49 PM
Sxy's market cap is now $510m. Surely in this market it can't go much higher IMO.

Financially dependant
10-11-2011, 09:16 PM
Sxy's market cap is now $510m. Surely in this market it can't go much higher IMO.

Another 3.5 million share buyers might disagree with you Corp! The chart still looks good to me...

3690

airedale
11-11-2011, 07:32 AM
The managing director Ian Davies has just bought another 150,000 shares on market. That is about $75,000 of his own money. That will help to support the price.

bermuda
23-11-2011, 03:13 PM
The managing director Ian Davies has just bought another 150,000 shares on market. That is about $75,000 of his own money. That will help to support the price.

Hi Airedale,
Davies didn't buy in for nothing. This is a very strong growth company stacked with big wigs who know what is going on. Good to see it at 57.5 today...... and the results of Growler 9 still to be announced. After that it will be on to Jaguar...and Jaguar's can growl too.

I am a fundamentalist who has been in this one for the long haul. Good luck to everyone that has held their nerve. Keep onside. Their will be more big news coming judging by the reports of substantial USA money coming into Aussie Shale.

Crypto Crude
23-11-2011, 05:26 PM
Australia with 400 TCF of technical shale gas recoverable,
got to be getting a slice of this new emerging sector...

Yep,
I couldnt stomach VPEO's at the height of the crash...
should have switched to heads...
:cool:
.^sc

Financially dependant
21-12-2011, 08:55 PM
The chart is still looking good....What euro problem???

3735

bermuda
21-12-2011, 09:35 PM
The chart is still looking good....What euro problem???

3735
FD.
I replied with your quote because it is so relevant. Thankyou.

I have just been listening/ watching this guy Nelson ( you know , the one that stole my ADE shares ) from BPT. I took a hard critical look at him and this guy knows what he is talking about. And half of what he said relates to Senex.

This sort of presentation makes you want to buy both SXY and BPT. Make sure you all log on to this presentation. Listen intently to what he is saying. Far out. This has got to be one of the best Cooper Basin preso's I have ever seen. This Cooper Basin is reigniting Australia. (i.e. Have a look at Drillsearch's latest chart.)

Get into the Cooper Basin now.

By that I mean SXY, BPT, COE, STX, STO and others. My pick is SXY. Experienced, knowledgeable Board with a decent stake in the company. And beautiful acreage. If you think Drillsearch's graph looks good, just wait until the market understands Senex.

Merry Christmas everyone. Without you I know nothing.

airedale
22-12-2011, 09:46 AM
Good day, everyone, I see that on the 15th and 20th of this month, director Ralph Craven, bought shares on market.

bermuda
22-12-2011, 11:36 AM
Good day, everyone, I see that on the 15th and 20th of this month, director Ralph Craven, bought shares on market.

Always good to see Directors buying in on the market. And so they should be. For a Christmas present google Beach Petroleum and click on their latest video with Reg Nelson. ( this is the guy who stole my ADE shares ). His preso has a lot of good things to say about the Cooper oil and shales. Good stuff. Well worth the listen.
Merry Christmas.

gazprom1
10-01-2012, 01:11 PM
Always good to see Directors buying in on the market. And so they should be. For a Christmas present google Beach Petroleum and click on their latest video with Reg Nelson. ( this is the guy who stole my ADE shares ). His preso has a lot of good things to say about the Cooper oil and shales. Good stuff. Well worth the listen.
Merry Christmas.

Great pick a few weeks back about getting in Bermuda. SXY has been flying. The latest announcement a few days ago about the unconventional drills commencing has spurred it onto new highs. I did not invest as i thought the run it had been on must lose steam at some point...it did not. Congratulations to all those holders that are in. Happy days.

Gaz

NOCASH
10-01-2012, 01:27 PM
I have been a naughty boy. I sold my dads AIA shares at $2.505; with the proceed i bought into SXY at 71 cents.

I am taken a risk that AIA does't climb any higher, so that i can buy back in AIA next week, while making a profit in selling SXY - that only can happen if SXY still keep on climbing.

STRAT
10-01-2012, 07:48 PM
Breakout on increased volume. Hope yor mates on HC are excited about this one Bermuda. Beats 3 solders ( who seem to have retreated to the trenches ) any day I reckon :D

airedale
10-01-2012, 08:11 PM
Hi Strat, our patience in watching the paint dry has been rewarded.:)

STRAT
11-01-2012, 11:43 AM
Hi Strat, our patience in watching the paint dry has been rewarded.:)
Hi Airedale.
You mean CUE. Right? Now theres some grass that needs watering.

Rabbi
11-01-2012, 02:05 PM
BPT DLS and SXY all marching forward on Cooper basin Shale gas activity.

I haven't seen an analysts report on SXY since Stuart takeover. It seems expensive on EV/2p reserves so must be the potential shale gas resource attracting investors.

Jay
13-01-2012, 08:44 AM
Looking at the candles from yesterday looks to me we will see a retraction today - tried to go higher - opend higher but closed lower than the open (still positive for the day though)

For the TA folk out there, question is how much are we/you prepared to give back to the market before selling?
Looking at the latest trendline, looks to me a drop to/close of 74c or under??

At time of writing highest buyer is 76.5c and seller at 78.5c with a lot more selling than buying - so what happens ?? Still have not got a real handle on depth

Any thoughts Strat - as you deal mainly on TA basis only, however I know your entry is a lot less than mine

Financially dependant
13-01-2012, 09:18 AM
Looking at the candles from yesterday looks to me we will see a retraction today - tried to go higher - opend higher but closed lower than the open (still positive for the day though)

For the TA folk out there, question is how much are we/you prepared to give back to the market before selling?
Looking at the latest trendline, looks to me a drop to/close of 74c or under??

At time of writing highest buyer is 76.5c and seller at 78.5c with a lot more selling than buying - so what happens ?? Still have not got a real handle on depth

Any thoughts Strat - as you deal mainly on TA basis only, however I know your entry is a lot less than mine

If you are keen to sell then IMHO do it on good news....possible time is when latest Growler drill announces results?? You never go broke taking a profit...

Jay
13-01-2012, 01:44 PM
So much for my theory:) still rising as I write, not that I am complaining.

STRAT
13-01-2012, 01:52 PM
For the TA folk out there, question is how much are we/you prepared to give back to the market before selling?
Looking at the latest trendline, looks to me a drop to/close of 74c or under??

At time of writing highest buyer is 76.5c and seller at 78.5c with a lot more selling than buying - so what happens ?? Still have not got a real handle on depth

Any thoughts Strat - as you deal mainly on TA basis only, however I know your entry is a lot less than mineHi Jay.
Your last sentence is the key.
Depends on your style and your buy price. If I like a company and Im in major profit I tend to let em retrace more. Im an inactive trader I guess. This is my 3rd or 4th time in this one. Last entry around the 30c mark. Im gonna let it ride for now. Let me know your buy price and I will tell you how I would approach it.

Jay
13-01-2012, 02:51 PM
Hi Jay.
Your last sentence is the key.
Depends on your style and your buy price. If I like a company and Im in major profit I tend to let em retrace more. Im an inactive trader I guess. This is my 3rd or 4th time in this one. Last entry around the 30c mark. Im gonna let it ride for now. Let me know your buy price and I will tell you how I would approach it.

This time around was around 54c as I sold out too early as it happened in my previous trade and a bit slow/ careful?? in getting in again

STRAT
13-01-2012, 03:17 PM
This time around was around 54c as I sold out too early as it happened in my previous trade and a bit slow/ careful?? in getting in againAt that price I would be looking for
(a) a confirmed down trend to form before selling meanwhile waiting for
(b) any retrace to find new support at 70c. Hold if it is found
(c) and failing that to maintain an sp above previous support at 61.5c. Failing that I would sell.

Others may advocate tighter stops.

Worthy of note is that VPE is a Short Term Traders play thing today.

Jay
13-01-2012, 06:18 PM
Appreciate your thoughts Strat
Thanks

Jay
16-01-2012, 09:40 AM
This just in from the Business Spectator
Might hold or increase the price in light of all the S&P downgrades

Australian shale gas players in the Cooper Basin in particular have known for a while that they’re well positioned for takeover offers as global energy demand grows for gas. Now, French oil giant Total has unmistakably revealed that it’s on the hunt for acquisitions after sealing its 24 per cent partnership in the $US34 billion Ichthys LNG project with Japan’s Inpex. The new takeover targets join retailers as the fresh faces taking centre stage in M&A in 2012, with more analysts throwing their weight behind Harvey Norman, David Jones and, to a lesser extent, Myer, as the most desirable after Pacific Brands. Elsewhere, Telstra’s $11 billion deal with the government could face further delays with rival Optus raising some last minute concerns with the ACCC; there’s an interesting change of tone at a major Spotless Group shareholder, although its position on the Pacific Equity Partners bid has not moved an inch; and Qantas has been urged to bed down an Asian joint venture partner to give investors some certainty.

Total SA

Australian gas companies might want to memorise La Marseillaise, because France’s largest oil company, Total SA, is reportedly set to trawl the landscape for acquisitions with little regard for cost. Speaking to The Australian Financial Review, Total senior vice president Jean-Marie Guillermou says there is “no limitation for Total to invest more in Australia”. This emphatic signal comes on the back of the approval of Total’s largest investment in Australia as the 24 per cent partner in Inpex’s Ichthys LNG project in the Northern Territory, worth a total of $US34 billion.

According to the AFR, Guillermou flagged acquisitions of individual assets, including Cooper Basin shale gas, or full takeovers “if there is a good opportunity”. Companies with assets in the Basin are Santos, Beach Energy, Senex Energy and Icon Energy. Hold on to your berets

Anna Naum
16-01-2012, 09:53 AM
AGL Energy is understood to be running the ruler over shale gas explorer Senex Energy ($710m mkt cap – previously called Victoria Petroleum) (AFR Street Talk)

OutToLunch
16-01-2012, 11:11 AM
Not many sellers at the moment.

I'm for sale at $1.25, even to the French. :eek2:

STRAT
16-01-2012, 11:46 AM
Lookin good so far today. Jay. No sign of the bots today and another increase out of the gate. A close above 80 today will mean raising that check point in the previous post up to 80 ( from daily highs ) or 77 ( from closes ) and the stop out to 70.

OutToLunch
16-01-2012, 01:19 PM
An AFR article speculating on AGL and SXY has been posted on HC (post 7633986). I'd imagine that this post will be taken down promptly as it's copyright material, so read it quick...

The Big Ease
16-01-2012, 01:33 PM
here it is
3753

drillfix
16-01-2012, 01:53 PM
here it is
3753

Well done TBE, good to see some looking out for all the ST members and locking that in :)

Jay
16-01-2012, 02:06 PM
Lookin good so far today. Jay. No sign of the bots today and another increase out of the gate. A close above 80 today will mean raising that check point in the previous post up to 80 ( from daily highs ) or 77 ( from closes ) and the stop out to 70.

Is looking good Strat - seems to be holding around 81.5 so far
Appreciate the updates

Rabbi
16-01-2012, 03:42 PM
This stock sure is running hot at the moment. This reminds me of the csg takeover activity a few years back. Eventually it lost momentum and it ended up a buyers market with BOW being taken out recently for a song.

This shale gas activity hopefully might be a different kettle of fish, big fish that is.

So far big fish sniffing around include TOTAL AGL CONTINENTAL AND EOG. with more waiting in the wings one would assume.

ICN might be a tasty entree before the serious bidding commences.:)

Financially dependant
17-01-2012, 10:42 AM
Looking at the candles from yesterday looks to me we will see a retraction today - tried to go higher - opend higher but closed lower than the open (still positive for the day though)

For the TA folk out there, question is how much are we/you prepared to give back to the market before selling?
Looking at the latest trendline, looks to me a drop to/close of 74c or under??

At time of writing highest buyer is 76.5c and seller at 78.5c with a lot more selling than buying - so what happens ?? Still have not got a real handle on depth

Any thoughts Strat - as you deal mainly on TA basis only, however I know your entry is a lot less than mine

As previously mentioned if you were a trading man today's action might be interesting....all the news is positive including the ann about extending the Growler field...if the smart money consider this an overbought SP they will distribute into the buying...lets see how it unfolds today...

STRAT
17-01-2012, 10:47 AM
As previously mentioned if you were a trading man today's action might be interesting....all the news is positive including the ann about extending the Growler field...if the smart money consider this an overbought SP they will distribute into the buying...lets see how it unfolds today...Hi FD
By the smart money I assume you are referring to the better traders as apposed to those in the know who buy early, then sit and wait.

From a TA perspective, being overbought is not a sell signal.

STRAT
17-01-2012, 10:49 AM
As previously mentioned if you were a trading man today's action might be interesting....all the news is positive including the ann about extending the Growler field...if the smart money consider this an overbought SP they will distribute into the buying...lets see how it unfolds today...Hi FD
By the smart money I assume you are referring to the better traders as apposed to those in the know who Buy early, then sit and wait.

From a TA perspective, ( e.g. RSI ) being overbought is not a sell signal.

Financially dependant
17-01-2012, 11:15 AM
Hi FD
By the smart money I assume you are referring to the better traders as apposed to those in the know who Buy early, then sit and wait.

From a TA perspective, ( e.g. RSI ) being overbought is not a sell signal.

Hey Strat,
Yes the smart money being hedge fund traders and investment bankers...the ones using the bots to manipulate the SP...

I put the post up out of interest to see how it plays out...see how it goes this pm..

Financially dependant
20-01-2012, 08:28 PM
Hey Strat,
Yes the smart money being hedge fund traders and investment bankers...the ones using the bots to manipulate the SP...

I put the post up out of interest to see how it plays out...see how it goes this pm..

It seem to play out....Smart money taking profit and SP now looks to consolidate between 75c - 80c on weekly and daily

3762
Daily

3763
weekly

Looking to get back to the trend lines...

Jay
25-01-2012, 11:53 AM
Still sitiing around the 79- 81c range - up a bit one day, down again the next

Still holding! - just

Well it was at the time of writing originally!

bermuda
26-01-2012, 12:14 AM
FD,
Was doing a bit of research the other day. SXY have yet to announce their joint partner . It has to happen. They are holding some aces.

When BRU announced their jv with Mitsubishi about 14 months ago BRU leapt from 30 to 80 . And then consolidated to 126.

The Big Ease
26-01-2012, 12:49 AM
bermuda, they may not need one if they sell PL171.
I read that they are due to book significant reserves on that in Feb 2012.
If they can sell that for a few hundred million, then it could take them a very long way all on their own. Then there is cash from the oil business.
No need to sell down now when they can do it all on their own.

bermuda
26-01-2012, 08:13 PM
bermuda, they may not need one if they sell PL171.
I read that they are due to book significant reserves on that in Feb 2012.
If they can sell that for a few hundred million, then it could take them a very long way all on their own. Then there is cash from the oil business.
No need to sell down now when they can do it all on their own.

You are quite right. Pl171 is worth a mini fortune and would give SXY ample cash to get on with their shale. It is a big Ace

Senex has a very active year this year. Value creation. But in the end the Majors get their way. Let's hope it is a big one.

Rabbi
29-01-2012, 11:54 AM
Senex only spent 3 mill of their cash in the last quarter. I thought that was super impressive if you compare it to Drillsearch, for example. Of course, they are going to spend a lot more in the next couple of quarters, but Davies has obviously decided to "go for the Doctor. "
They might end up with cash burn but at the same time also prove up significant shale gas and csg resources at the same time.
Investors are liking the cracking pace set by the management .
Things are happening.!

bermuda
02-02-2012, 12:00 AM
FD,
Spitfire has come in. Strong shows. Far out. These 3D surveys are worth their weight in gold. Be in touch next week. I have just sent JK an email. He will be pleased. Named all these drills after WW11 planes.
ps CSG upgrade next month. Plus a bit of shale news. Hard to keep up. I like a fast moving company especially when its managed by brains.
Cheers

STRAT
04-02-2012, 08:40 AM
At that price I would be looking for
(a) a confirmed down trend to form before selling meanwhile waiting for
(b) any retrace to find new support at 70c. Hold if it is found
(c) and failing that to maintain an sp above previous support at 61.5c. Failing that I would sell.

Others may advocate tighter stops.

Worthy of note is that VPE is a Short Term Traders play thing today.Hi Jay.

Hope you are still holding.

(a) No down trend here :D
(b) New support found at 78.5c
(c) raise stop to 70c

Toulouse - Luzern
06-02-2012, 06:27 PM
Plus 2 cents today (3%) at increased volume 5.4m.

Jay
06-02-2012, 07:35 PM
Hi Jay.

Hope you are still holding.

(a) No down trend here :D
(b) New support found at 78.5c
(c) raise stop to 70c
Done :-)

Still holding Strat , the finger was hovering at one stage , but asa ypu said no dowm trend emrgrd was going sidewaysd there for a bit until the last day or so
Thanks again

STRAT
07-02-2012, 12:38 PM
Done :-)

Still holding Strat , the finger was hovering at one stage , but asa ypu said no dowm trend emrgrd was going sidewaysd there for a bit until the last day or so
Thanks againLooking for support at 85c now. J.

Jay
07-02-2012, 01:39 PM
Sitting on that as at time of writing (85c)

Just noticed my complete lack of proof reading my last post - terrible typist I am!

OutToLunch
10-02-2012, 01:42 PM
Looke like the algorithmic traders are getting stuck in to SXY today & holding the sp around the 83c mark. I see an interesting comment on HC (the source of all truth :eek2:) about AGL not being the only big fish circling SXY. Maybe we'll see something more along those lines once the results of lastest coring programme are announced?

bermuda
10-02-2012, 02:28 PM
Looke like the algorithmic traders are getting stuck in to SXY today & holding the sp around the 83c mark. I see an interesting comment on HC (the source of all truth :eek2:) about AGL not being the only big fish circling SXY. Maybe we'll see something more along those lines once the results of lastest coring programme are announced?

OTL,
Yes, I gave a TU to Wolseley4 for that post. He obviously has connections. The great thing about SXY this year is that it is chokka full of activity including a CSG upgrade coming up shortly. And what an experiened Board they have. This is a very good story and I have been holding since 13 cents. Patient is required in this game.

OutToLunch
10-02-2012, 02:59 PM
I agree that Senex have a very exciting programme ahead. The Vintage Crop discovery was a major milestone and we'll be off and running if that kind of result was to be duplicated across the rest of the shale gas programme. (Actually it was your fault Bermuda that I backed VPE (as it was back then) at around 17c in the first place, I owe you a drink!)

I'm now trying to reconcile my positivity towards SXY with my nervousness of the global markets. Not much overlap between the two.

Toulouse - Luzern
11-02-2012, 10:37 AM
(Actually it was your fault Bermuda that I backed VPE (as it was back then) at around 17c in the first place, I owe you a drink!)

I'm now trying to reconcile my positivity towards SXY with my nervousness of the global markets. Not much overlap between the two.

Like Out to Lunch I owe Bermuda a drink ...
I was in and out in three days a few years ago ...
Took it in last years ASX competition on ST - my only success in the ASX contest really
and again in this years ASx contest
I am back on board again now ....
Thks & rgds

STRAT
17-02-2012, 11:24 AM
Hi Jay.
Looking for new support at 87c
Raise stop to 83c ( but at some point you may wish to look at giving this one more room to retrace. Even at your buy in price I would be considering this )

STRAT
17-02-2012, 11:28 AM
( but at some point you may wish to look at giving this one more room to retrace. Even at your buy in price I would be considering this )You may not need to though. New intraday high this morning. Go VPE

Jay
17-02-2012, 12:28 PM
Thanks Strat

Yes was looking at the stop and given the current action would have sold if dipped below the 77c as I would think it fall further now if that happened.
But as you say with it sitting at 89c as I write may just keep it at 83c - reasonable volume today so far

STRAT
21-02-2012, 10:27 AM
Might see a dollar today :eek2:

NOCASH
21-02-2012, 10:44 AM
Let's hope and pray it does.

STRAT
21-02-2012, 10:54 AM
Let's hope and pray it does.Hi Nocash.
Dont care either way. Im loving the way this is inching up in such a predictable way.

As a rule. $1 tends to be a resistance point.

Rabbi
21-02-2012, 02:03 PM
Hi Nocash.
Dont care either way. Im loving the way this is inching up in such a predictable way.

As a rule. $1 tends to be a resistance point.

I thought $1.00 was a resistance point for DLS, but they just took a breather and powered ahead. It's hard to say how far SXY will run. Treading water today but so is everything else. Sasanof result can't be too far away.

NOCASH
21-02-2012, 03:04 PM
Anything above $1.00 is good or me. But will hold and see how things pans out. Stop loss set at 94cents

OutToLunch
21-02-2012, 06:22 PM
What a great run. Relieved myself of a few at $1 late this pm for the sake of taking a bit off the table, but otherwise I am holding tight. There must be some news due very soon.

drillfix
21-02-2012, 06:48 PM
A couple of strong moves with SXY today and yesterday so Well done people. :)

Always good to take some profits as it seems the 60 min MACD is prepping up for a breather, however the EMA aligmnet on all charts looks all good.

This may even do a MAD and go mad depending but has has a good week or so that's for sure, in which case a breather may be justified though who knows in these markets hey.


Add/Edit:

And looking at the XEJ (Energy) sector its seems to be right at resistance on the daily and weekly chart which both charts also showing overbought which may also drag all the Energy stocks down once a breather is in motion.

So I guess the point I am making is that "many of the stocks' in this sector have been on fire recently and this could ease off so taking some off the table may be appealing depending on your style.

Cheers~!

skid
22-02-2012, 07:15 AM
Man that is one beautiful 2yr chart nice to see a success story ,amongst all the doom and gloom.

NOCASH
22-02-2012, 11:22 AM
How high will SXY go? $1.10 by the end of the month possible?

drillfix
22-02-2012, 11:55 AM
Man that is one beautiful 2yr chart nice to see a success story ,amongst all the doom and gloom.

Agree, that is one nice looking chart indeed.

Perhaps they should have changed the code to SeXY, then watch all the TA guys buy in for the sake of a good looking chart..LOL :P

OutToLunch
22-02-2012, 12:42 PM
Sold more at $1 on the open so I'm now free carried on 80% of my original holding -- no complaints there. :) But is SXY getting carried away at this point? $1.05 is a hell of a rise in a very short time. Actually this whole sector's starting to look like it's getting a bit ahead of itself. Then again, some positive shale drilling results and SXY would more than likely shoot well into the $1's... I might have to retract my comment about being for sale at $1.25...

STRAT
22-02-2012, 01:11 PM
Hey Jay.
You still holding on (white knuckled) tight to the handle bars?

Jay
22-02-2012, 02:09 PM
Hey Jay.
You still holding on (white knuckled) tight to the handle bars?

Sure Am - not sold any as yet and yes you are right about white knuckled and here I was thinking your "trading" timeframes avoided the white knuckle rides :) usually more steady rises, but hey I'm not complaining

Rabbi
22-02-2012, 02:28 PM
A positive result at Sasanof 1 should see $1.10 no trouble. However on fundamentals like cashflow and 2p reserves SXY SP looks expensive compared to Beach.

I'm thinking there is almost certainly some takeover premium being factored in on the Shale gas tenements.

Sasanof result has me on tenterhooks.

bermuda
22-02-2012, 10:50 PM
A positive result at Sasanof 1 should see $1.10 no trouble. However on fundamentals like cashflow and 2p reserves SXY SP looks expensive compared to Beach.

I'm thinking there is almost certainly some takeover premium being factored in on the Shale gas tenements.

Sasanof result has me on tenterhooks.

Rabbi,
If you had a company with an annual sustainable income of $100 million with EBIT of say $60 million , what would you value it at?

This thing has serious grunt.

Rabbi
23-02-2012, 04:26 PM
Rabbi,
If you had a company with an annual sustainable income of $100 million with EBIT of say $60 million , what would you value it at?

This thing has serious grunt.

Bermuda, fundamental analysis aside, if the market goes for a stock like schoolboys go for the prettiest girl at the ball, who am I to argue.

At the moment the market thinks SXY is one of the prettiest girls.:cool:
Right or wrong, you can't argue with the market.

Toulouse - Luzern
29-02-2012, 02:05 PM
SXY on a run up again to 108.5 ...

STRAT
29-02-2012, 02:15 PM
Yup. New intraday high. Its getting tricky to measure support. It never stays at any point for long enough.

Terrible situation. Just terrible. :D

Jay
29-02-2012, 03:38 PM
Yup. New intraday high. Its getting tricky to measure support. It never stays at any point for long enough.

Terrible situation. Just terrible. :D

Have to agree, not sure how I will cope :)

Toulouse - Luzern
02-03-2012, 09:18 AM
An all square day yesterday for SXY...

All things being equal SXY may go with the ASX flow today ...

From the Sydney Morning Herald:

"Shares set to rise as ECB move calms

March 2, 2012 - 7:58AM

The Australian sharemarket looks set to open higher following a strong positive lead from Wall Street and as sentiment remains buoyant after the ECB's cash injection.

In early trade this morning, the March share price index futures contract was up 24 points at 4273."

Read more: http://www.smh.com.au/business/markets/shares-set-to-rise-as-ecb-move-calms-20120302-1u6m2.html#ixzz1ntzDTsY7

STRAT
02-03-2012, 09:39 AM
Im not expecting any major moves from the ASX today. SeXY down yesterday 1.4% and in keeping with the rest. Short term Chart indicates we are running out of steam. A close today above 103.5 would be reassuring. Each consolidation period on the way up has lasted around 3 weeks. Being 1 week into what appears to be another, the next few weeks will be very important for those looking to trade out when this thing peaks.

Sure is a sexy chart. Eh?

airedale
02-03-2012, 11:23 AM
Hi Strat, that looks like a trading range of 7 to 8 cents the last two times it has gone into a consolidation period.

bermuda
02-03-2012, 11:23 AM
Hi Strat,
It sure is a nice graph thankyou.

SXY is a growth stock and will have many further peaks. The Board and Management are very savvy and are a building a multi billion dollar company. They have only just started compared to what's in front of them.

STRAT
02-03-2012, 11:30 AM
Hi Strat, that looks like a trading range of 7 to 8 cents the last two times it has gone into a consolidation period.
Its by no means an exact science. More about the pattern than the numbers but looks to me like 61.0 to 66.5 and 75.5 to 83.5

Toulouse - Luzern
02-03-2012, 11:35 AM
[QUOTE=Toulouse - Luzern;369257] An all square day yesterday for SXY...

Sorry Strat,

I was imprecise.

What I really meant was SXY yesterday open 105 and close 105 and VWAP just under *105 (*I think)

STRAT
02-03-2012, 11:39 AM
Hi Strat,
It sure is a nice graph thankyou.

SXY is a growth stock and will have many further peaks. The Board and Management are very savvy and are a building a multi billion dollar company. They have only just started compared to what's in front of them.Hi Super B.
Its been a long time comming. Im very pleased this one has finally come good for you and proven your faith in them. I, as you know have been in a few times. This time at around 30c and would love to not sell them. The trading charts etc I have posted were for those who have entered at a higher price and want to lock in profit.

Heres to still having them in my portfolio for many years. $2.50 has a nice ring to it. Dont you think? :D

STRAT
02-03-2012, 11:43 AM
[QUOTE=Toulouse - Luzern;369257] An all square day yesterday for SXY...

Sorry Strat,

I was imprecise.

What I really meant was SXY yesterday open 105 and close 105 and VWAP just under *105 (*I think)Hi TL.
Did we meet briefly at a Wellington Meeting?
anyway
No need for sorry. I knew what you meant. Was adding my thoughts. Not correcting you.

Toulouse - Luzern
02-03-2012, 12:22 PM
Hi Strat,
Yes we did meet at a Wellington meeting.
I enjoy catching up with other investors/traders.
I am sure I would have enjoyed the last one in WLG but had booked in a trip north with family and friends...

OutToLunch
02-03-2012, 01:37 PM
Well that S&P news certainly threw her into reverse... or is there bad news leaking out? Having said that, it was a hell of a run up into the low 1s so a slip back into the 90s was to be expected. I hope that's all it is...

Edit. most of that decline has been recovered... it looks more and more like a bear raid by the fat cats to me now. Oh to be able to scare the little fishies like that, would be fun, eh?

Toulouse - Luzern
02-03-2012, 03:59 PM
Interesting day.
103 as I write this.
Average shares traded are about 2.8m.
Today 6.1m so far.
Previous trading range 7 or 8 cents.
Not today, range is 14 cents from high of 107 to low of 93.
When the SXY price dropped and the ASX all ords as well I thought of (1) Gillard Cabinet shuffle (seems extreme why panic?), people not wanting to hold for the week end, the S&P news (which affected a lot of other stocks but is an unlikely cause imo).

Concluded I couldn't guess the reason with SXY at 96 and to wait and see...

Jay
02-03-2012, 06:17 PM
Well well closed at 102.5
Still holding

Looks to me (hopes) it will rise again on Monday as it is or almost a hammer ???

The Big Ease
02-03-2012, 06:29 PM
quite a few energy stocks closed strongly, including NSE, BRU, WCL, DLS, DTE...all had bits and pieces of new, but nothing major.

Oil at 43mth highs might help a few :)

drillfix
02-03-2012, 07:40 PM
Well well closed at 102.5
Still holding

Looks to me (hopes) it will rise again on Monday as it is or almost a hammer ???

Nahh Jay, seems to be more of a High-Wave candle rather than a Hammer as it only takes its influence whilst at a bottom decline and not whilst engulfing or in range next to other candles, but certainly a bullish sign to see the fight back way above the low, however it is another failure to match up to test the high which after certain more attempts may see the weakness set in further to create a decline.

Even although the stock is strong, the chart is now starting to show some easing off in the daily indicators.

So next week will tell if a breather is in order or the bulls are back in full swing.

CMo
02-03-2012, 08:26 PM
quite a few energy stocks closed strongly, including NSE, BRU, WCL, DLS, DTE...all had bits and pieces of new, but nothing major.

Oil at 43mth highs might help a few :)

Yes, all those (plus WCL and NWE) finished stonger after falls earlier in the day.

Should be in for a good week with WCL and NWE next week... WA Shale Stocks should get a lift from the NWE announcement... Sneaked out over long weekend!!

bermuda
02-03-2012, 09:09 PM
Yes, all those (plus WCL and NWE) finished stonger after falls earlier in the day.

Should be in for a good week with WCL and NWE next week... WA Shale Stocks should get a lift from the NWE announcement... Sneaked out over long weekend!!

CMo,
What a great portfolio you have. Next week is going to be big.
Hold ACN, BUL, COE, EKA, MAD, NWE, OGY, SXY, STX, WCL and OXX

CMo
02-03-2012, 09:23 PM
Hold MAD, NWE, NSE, SXY, WCL, PXG and IMF... most of them have treated me well so far and have been a pretty solid start to my portfolio.

Had an offer in today for STX at 16.5 but there were no sellers for me today.

Next week should be nice.

Jay
03-03-2012, 12:49 PM
Nahh Jay, seems to be more of a High-Wave candle rather than a Hammer as it only takes its influence whilst at a bottom decline and not whilst engulfing or in range next to other candles, but certainly a bullish sign to see the fight back way above the low, however it is another failure to match up to test the high which after certain more attempts may see the weakness set in further to create a decline.

Even although the stock is strong, the chart is now starting to show some easing off in the daily indicators.

So next week will tell if a breather is in order or the bulls are back in full swing.

Thanks for the correction, yes when i had another look you're right.
Agree it is showing signs of taking a breather, then I thought that awhile ago as well, staying above $1 would be good while taking a breather!

drillfix
03-03-2012, 03:33 PM
Hi Jay, and yep, one can never know Jay what can happen with these type of stocks.

As in it may look like it may fall over, but then psychological $1.00 support kicks in, plus the it will challenge the previous highs.

I find that after so many times if it does not break upwards then it will test the support until something gives or continually trade in its range.

Also as you know the weakness may also comes from is global market sentiment and if that also turns down then the whole parade tends to decline a bit and the shine becomes a little less appealing to savy investors etc etc.

Hope you and others trade in this is going well :)

Jay
05-03-2012, 08:02 PM
Has held at $1.00 today after dipping below to 98c
See what tomorrow brings eh df

if you are out there Strat ...Still holding....just
Stop is 92cents

Financially dependant
07-03-2012, 06:11 PM
Has held at $1.00 today after dipping below to 98c
See what tomorrow brings eh df

if you are out there Strat ...Still holding....just
Stop is 92cents

I would keep an eye out Jay, you might hit your stop tomorrow...last time there were weather delays it made a real hole in SXY's SP...

Jay
07-03-2012, 06:14 PM
Keeping a close watch FD .... finger poised
downtrend formed/forming

CMo
08-03-2012, 07:49 AM
FD / JAY,

Remember that Senex is due to be included in the ASX 300 in the next week / 10 days.

Although there may be a short term decline, will we not see increased buying next week as a result?

CMo

Financially dependant
08-03-2012, 10:16 AM
FD / JAY,

Remember that Senex is due to be included in the ASX 300 in the next week / 10 days.

Although there may be a short term decline, will we not see increased buying next week as a result?

CMo

Well put CMo, this could be just a pull back before it moves higher...time will tell of course...I have been tracking BPT which is doing the same thing..

The Big Ease
08-03-2012, 10:20 AM
is the cooper flood effected?

STRAT
08-03-2012, 10:31 AM
is the cooper flood effected?
Dont think so. Not sure though.


http://www.bom.gov.au/qld/flood/west.shtml

The Big Ease
08-03-2012, 10:44 AM
Not sure what it could be.
Cooper based shale stocks have had a very good run and have the higher market caps.
Perth and Canning basin shale are still doing ok, but they have lower market caps too.
Maybe its just a breather. Shale stocks are very cheap in Australia.

I know that SXY is more than just shale, but it seems to be the dominant theme in the Cooper for the moment.

STRAT
08-03-2012, 10:47 AM
Keeping a close watch FD .... finger poised
downtrend formed/formingGonna bounce today I reckon:eek2:

Chart says its a 50/50 thing with an edge to the down side so you may want to ignore that first comment:lol:

Toulouse - Luzern
08-03-2012, 10:54 AM
Looks like it will open at 94.
I expect it to go higher based on ASX following world markets overnight.

Financially dependant
08-03-2012, 11:03 AM
is the cooper flood effected?

Beach stated it was experiencing delays in the Cooper because of the rain..

bermuda
08-03-2012, 11:33 AM
Beach stated it was experiencing delays in the Cooper because of the rain..

Spoke to Davies the other day. 100mm rain will probably curtail production for a couple of weeks. Access roads closed. Everything else okay and building.

Toulouse - Luzern
08-03-2012, 11:40 AM
Well it opened at 94.5 which is also the low.
High of 96 and currently SP is at 95.5 up 2 cents and 2.1% on yesterday close.
VWAP is 95 even.
Volume 505239.

Jay
08-03-2012, 11:46 AM
Gonna bounce today I reckon:eek2:

Chart says its a 50/50 thing with an edge to the down side so you may want to ignore that first comment:lol:


Looks like your first comment was right after all
I thought the same thing that it will head up again especially with the DOW overnight climbing again

STRAT
08-03-2012, 11:51 AM
Looks like your first comment was right after all
I thought the same thing that it will head up again especially with the DOW overnight climbing againStill 5 hrs to go :D

OutToLunch
08-03-2012, 03:48 PM
Bouncey bounce :t_up:

STRAT
09-03-2012, 10:57 AM
Looks like the friggin Bots plan to play VPE again today.:mad ;:

At least they appear to be buying.

Toulouse - Luzern
09-03-2012, 11:54 AM
I see what you mean with QTY of only 1, 2 and 3 units etc

Toulouse - Luzern
09-03-2012, 12:04 PM
9.26am today news release:

Senex to sell Point Bonython Fuels Project to Mitsubishi Corporation.

I did not see the consideration $.

http://www.asx.com.au/asxpdf/20120309/pdf/424xgh5yqcq9xw.pdf

STRAT
09-03-2012, 12:21 PM
I did not see the consideration $.

http://www.asx.com.au/asxpdf/20120309/pdf/424xgh5yqcq9xw.pdfTo be disclosed at settlement.

drillfix
09-03-2012, 12:33 PM
Post moved to BOTs thead.

STRAT
09-03-2012, 01:49 PM
Hey Drill, lets pull the last 2 posts and stick em in the Bot Thread.

Pumice
10-03-2012, 01:56 PM
My senior colleague has just moved from Origin to Senex.
He stated that recent offers that have been at a significant premium to market have been scoffed at as low ball offers. There must be potential for some huge upside.

Thought it worth a mention. I can’t add much more as I haven’t followed this stock.

airedale
11-03-2012, 11:09 AM
Hi Pumice, do you mean offers to buy Origin or Senex?

Rabbi
11-03-2012, 12:38 PM
Hi Pumice, do you mean offers to buy Origin or Senex?

I wonder if QGC are interested or are just in for the ride. I can't see an on market takeover succeeding as there are too many shares on issue now. The longer this takes to pan out the better, although we might have to stump up up more capital before the end of the year.
Swings and roundabouts.:confused:

Pumice
11-03-2012, 02:52 PM
Sorry i wasnt quite clear. Offers/enquiries have been made for Senex.

The major players are scrambling to shore up reserves for their LNG plants.
Theres not too many smaller companies with decent reserves left.

CMo
14-03-2012, 09:59 AM
Kato2 - "Excellent Results" :-)

The Big Ease
14-03-2012, 10:35 AM
They were due to book reserves from PL171.
That should be worth a few hundred million. I'm not really sure why it has taken so long.
If they can get paid for that, then it could really propel them on to become a much bigger company.

As it stands, their 1bill market cap is pretty cheap when you consider PL 171, oil production and shale potential.


Sorry i wasnt quite clear. Offers/enquiries have been made for Senex.

The major players are scrambling to shore up reserves for their LNG plants.
Theres not too many smaller companies with decent reserves left.

Pumice
14-03-2012, 10:52 AM
RBS report for those intersted.

Senex Energy Unconventional gas exploration commences (Royal Bank of Scotland)
SXY produces oil, and reported a positive NPAT in 1H12. SXY has $91m in cash, cash flow from oil production and a full development and exploration program through CY12. Unconventional gas targets are being evaluated with drilling and testing commenced and results expected in 2H12. Senex management has an impressive record. We expect near-term growth from reserves upgrades and longer-term growth from the options generated by exploration programs and corporate activity. Buy maintained.

Event: Unconventional gas program has begun; 1H result announcement. SXY released its 1HFY12 result with revenue of A$25m and an NPAT of A$1.95m. As expected, oil production was weather affected in 1H12, with the Snatcher field shut in for the entire half and expected to come into production later than expected in April 2012. Other fields were intermittently affected during the half. Total production for the half was 213,524bbls (net) to SXY. Post the result, SXY has commenced the three-well unconventional exploration program in the Cooper Basin.

The company announced farm in deals to PEL 514 and PEL 115 in the Cooper Basin, which are both prospective for unconventional gas. Evaluation and reserves assessment are ongoing in the Queensland CSG acreage. Forecasts: Review of oil assets and commencement of unconventional gas program. SXY reiterated the 700mbbl production target for FY12; however, we lower our production forecast to 685mbbl for FY12 as we now think it will be hard to reach the target due to weather. We believe the impact of the revision neutralises an increase to our forecast oil price that SXY receives.

Impacts on forecasts for FY13 and FY14 result from a shift in our timing of development and exploration. We also increase the costs as SXY grows and accelerates the development and exploration programs. SXY has added value to its prospective unconventional acreage through commencing its exploration program in this half. Valuation: We reassess gas assets; growth options strong, Buy with a new TP of $1.25. We use a DCF method to value the oil production based on 2P reserves. We use a resource size method to value additional reserves and exploration potential on the oil assets.

This results in $0.24ps value on the oil assets and $0.16ps value on the oil exploration. We adjust our Queensland CSG valuation to A$0.26ps (based on comparative sales), to reflect an unsure regulatory environment. We update our valuation on the Cooper Basin unconventional shale assets to reflect the activity in PEL 514, 516, 90 and 115 to $0.50ps. We see upside risk to our valuation based on any positive results from the unconventional testing program, as well as from reserves upgrades. Other risks include exploration failure, oil price, exchange rate, and regulatory changes.

STRAT
16-03-2012, 09:18 AM
Hi Jay.
Still hanging tough I hope.
Its a pretty picture. eh?
Raise stop to 91.5c
Lets see if we can break through 107.5 today.

OutToLunch
16-03-2012, 10:00 AM
SXY is joining the ASX300 today. Presumably that's the green light for index funds to buy in. Does that have to happen immediately, can they buy in advance, or do they have a grace period in which they can time their purchases or sales to bring their SXY holding into line? Either which way it'll mean more high-level exposure for SXY which will be handy.

Jay
16-03-2012, 12:23 PM
Hi Jay.
Still hanging tough I hope.
Its a pretty picture. eh?
Raise stop to 93.5c
Lets see if we can break through 107.5 today.

Have sent you a PM Strat

yeah still going strong, as mentioned appreciate the guidance

OutToLunch
16-03-2012, 06:22 PM
$18m traded in SXY today. That's got to be a record since ...? Certainly the highest value traded in the last 5 years. Consolidation over?

Paddie
16-03-2012, 06:42 PM
$18m traded in SXY today. That's got to be a record since ...? Certainly the highest value traded in the last 5 years. Consolidation over?

Insto's buying due to admission of ASX300?

Certainly some big volume through late in the day.

Makes me happy.

Paddie

STRAT
17-03-2012, 10:01 AM
$18m traded in SXY today. That's got to be a record since ...? Certainly the highest value traded in the last 5 years. Consolidation over?July last year and 08 before that.

Toulouse - Luzern
17-03-2012, 11:30 AM
Hi,
Looking at the charts since the small red pin candle of 8 days ago, the trajectory for SENEX looks good with seven positive blue candles.
All the blue candles are close to the days high or at the high.
However it is not all charts and the ASX300 entry is a factor in last week's rise.
Now that SXY is in the ASX300 weekly statistics/listings today there is a possibility of a pullback/opportunity if the index trackers have got their fill.

OutToLunch
17-03-2012, 06:56 PM
July last year and 08 before that.

Yup, in terms of share volume. But in $ value, I see nothing greater in the last 5 years. Perhaps there was a greater spike before then, given that VPE has been around a long time but I have no info prior to the last 5y. Whatever: Smile on dial. :)

OutToLunch
20-03-2012, 12:28 PM
Holy moly. Who let the dogs out? :eek2:

Pumice
20-03-2012, 01:28 PM
Good run today.
The 5 year chart looks insane.

STRAT
20-03-2012, 01:34 PM
Good run today.
The 5 year chart looks insane.It sure is pretty :D

Rabbi
20-03-2012, 01:45 PM
It sure is pretty :D

I wish there was a good reason for this sort of momentum. Whatever SXY has got I wish BPT would catch it. Any theories?

....apart from intso buying.

STRAT
20-03-2012, 01:58 PM
I wish there was a good reason for this sort of momentum. Whatever SXY has got I wish BPT would catch it. Any theories?

....apart from intso buying.Hi Rabbi.
No I dont. I just follow the charts. Bermuda would be the one to ask.

Rabbi
20-03-2012, 05:46 PM
Hi Rabbi.
No I dont. I just follow the charts. Bermuda would be the one to ask.

Well, Strat I hope you were fully loaded this morning.
I know Bermuda is pretty convinced SXY will be taken over by a major, but hopefully later rather than sooner. This rise today was a bit surprising considering there has been only CSG news lately.
I remember BOW going to $1.60 and then back to 80 cents. It was still in the eighty's when Arrow made their first bid at $1.48. and we ended up with $1.52.
The cornerstone shareholder QGC might save Senex from the same fate of succumbing to a low ball offer.

Toulouse - Luzern
21-03-2012, 11:39 AM
On Direct Broking NZ site under SXY Quote / News is a link for copy of a SENEX presentation to RBS Morgans.
This was posted with ASX.

Toulouse - Luzern
22-03-2012, 07:16 AM
Here is the link to the SENEX presentation to RBS Morgans by Ian Davies, Managing Director Brisbane, 21 March 2012.

http://www.senexenergy.com.au/uploads/contentFiles/files/2012_03_21%20RBS%20Morgans%20Business%20Breakfast% 20Presentation%20Final.pdf

NOCASH
22-03-2012, 12:24 PM
Hi have my stop loss at $1.10 is that to tight?

drillfix
22-03-2012, 12:53 PM
It depends NC

As in, depending on what chart your looking at, what are the previous fall depths are and where the next support is.

Some people prefer a tight stop and yours seems not too bad at all, although if it were me, I would not use the even rounding of an even 10c as this becomes psychological. As I would be inclined to do a 1.08c due to the EMA alignment structure of the chart I am viewing and it means if it would sink to that level then the chances are you could buy the stock back at 5c cheaper anyway.

Each to their own though, you should know what your tolerance is and others cant tell you what that is unfortunately.

Good luck with that though.

STRAT
22-03-2012, 08:41 PM
Hi have my stop loss at $1.10 is that to tight?Yes :D

A stop similar to that would have had you out at all 3 locations on the chart below.

Of course, you will say Im full of sh:pt if $1.22 the other day turns out to be the top.

STRAT
26-03-2012, 10:21 AM
So....

Anyone else wondering how close the hostile takeover is?

Jay
26-03-2012, 11:44 AM
Could be close, the SP is starting to "hover" in a tight band as though it is waiting for something to happen!

So still holding at present.

drillfix
26-03-2012, 11:50 AM
Would expect a test of the 13ema at some stage ($1.10) or perhaps some consolidation to allow the daily indicators to cycle through.

That seems to be the situation with quite a few stocks, they have continued on a upward trajectory for quite some time, that at some stage they just need to take a breather or "consolidation" (trade sideways for a while), to allow some more spring.

NOCASH
26-03-2012, 01:32 PM
What day do you think news will be out? Wednesday or Thursday this week?

STRAT
27-03-2012, 06:59 AM
Hi Bermuda.
Caught your question on the other side.

No signs of buying pressure in EXE that I can see. ;)

Toulouse - Luzern
27-03-2012, 12:56 PM
SP fall today for SXY to 107.5 along with the news for the ASX that Thunderchief 1 is dry.

drillfix
27-03-2012, 01:24 PM
What day do you think news will be out? Wednesday or Thursday this week?


No doubt your Stop got you out of the trade NC. Did you manage to have that triggered or get out ok?

NOCASH
27-03-2012, 01:51 PM
Hi, No i change my stop lost to 95 cents. Hopefully that is the right thing to do.

STRAT
27-03-2012, 02:45 PM
Hi, No i change my stop lost to 95 cents. Hopefully that is the right thing to do.Hi Nocash.

We, the retail investors have little chance of predicting a duster but if your buy in price was below the previous stop outs on the chart I posted to you the other day then I reckon you have done the right thing. With an entry average below 30c I look on this as a blip. If Id bought at say, 80c Id be looking at it differently.

The question that needs answering is what value did the market put on this drill and how much was it already factored into the share price. Right now you are wondering if you did the right thing lowering your stop. If you had kept your stop at $1.10 you would be out now and wondering if you had done the right thing. eh?

Looking at the intraday chart. A couple of things are obvious.
( IMO. lol never thought Id use that acronym )
(1) there were clearly a few insiders who got out before the announcement at 10:45 so the price was falling as the announcement was made. A bit of panic appeared to follow.
(2)The day is young but at this point an intraday bottom appears to have formed around previous support. Likely to close out close to your previous stop which would have left you wondering if you had done the right thing selling at $1.10 and at what price should you buy back in.

Will be interesting to see how the day finnishes.

OutToLunch
27-03-2012, 02:51 PM
I'd put today's drop into the 'overreaction' category. However if Sasanof-1 turns out to be a dud too then we could hit a rough patch as SXY is riding high on a lot of yet-to-be-realised shale potential (read: hope/speculation).

Still, who's complaining at $1+ compared with where we were 6 months ago?

Jay
27-03-2012, 02:52 PM
Thnaks Strat for your HO :-)

My stop is still stitting at 93.5 although have been thinking about 99c if it stays above 1.10 support

STRAT
27-03-2012, 03:06 PM
Thnaks Strat for your HO :-)

My stop is still stitting at 93.5 although have been thinking about 99c if it stays above 1.10 supportPrevious support is at 93.5 or there abouts. Having your stop there would mean you get stopped out even if it does a nice bounce off previous support. Id go a little lower.

Looks like that may be academic in any case.

Toulouse - Luzern
27-03-2012, 04:34 PM
Now back up to 108

STRAT
27-03-2012, 04:37 PM
Now back up to 108bouncy bounce :D

CMo
28-03-2012, 10:33 AM
That's more like it... much better ann today.

"Unconventional gas program on track in SA Cooper Basin"

Toulouse - Luzern
03-04-2012, 08:11 AM
Not a lot of comment lately on SXY.
If yesterday's candle was a dragonfly doji then looking for confirmation today ...

STRAT
03-04-2012, 10:23 AM
Not a lot of comment lately on SXY.
If yesterday's candle was a dragonfly doji then looking for confirmation today ...Hi TL.
Yes it was but Im not sure it means a lot as the previous day had a lower close and a lower intraday low.

Not much to say. Just hovering right now. Waiting for some direction from the Market.

Toulouse - Luzern
03-04-2012, 01:19 PM
Hi
Thanks Strat.
Will wait and see

CMo
04-04-2012, 09:57 AM
90% increase in 2P reserves at Growler.

27% increase for both 1P and 2P reserves since June 2011

http://www.asx.com.au/asxpdf/20120404/pdf/425ft3j618m0n6.pdf

STRAT
04-04-2012, 10:33 AM
90% increase in 2P reserves at Growler.

27% increase for both 1P and 2P reserves since June 2011

http://www.asx.com.au/asxpdf/20120404/pdf/425ft3j618m0n6.pdfLets hope that gives the weakening SP a lift. eh?

Toulouse - Luzern
04-04-2012, 10:36 AM
Pre market does not appear to have responded to news yet.
I anticipated a bigger change after reading the news so are SP expectations built in?
On my screen I see indicated buyers 85669, sellers 171614, SP 99 with 25 minutes to the open.
E&OE DYOR

STRAT
04-04-2012, 10:40 AM
Pre market does not appear to have responded to news yet.
I anticipated a bigger change after reading the news so are SP expectations built in?
On my screen I see indicated buyers 85669, sellers 171614, SP 99 with 25 minutes to the open.
E&OE DYORToo early. If anything is gonna happen, it will be in the last 5

Toulouse - Luzern
04-04-2012, 10:53 AM
Thanks Strat

STRAT
04-04-2012, 11:15 AM
Look at those Bots go. :drool:. They must be on drugs, pushin the price up like that. Or unloading :eek2:

airedale
04-04-2012, 12:46 PM
Whiplash injury to hip pocket narrowly avoided again.

STRAT
04-04-2012, 04:03 PM
Whiplash injury to hip pocket narrowly avoided again.Im guessing it will be obvious after the fact but I have no idea what that means. I know all those words. I understand the sentence. Just cant put in into context. lol.


Im also guessing its not secret code for a dog with great posture or Mainland speak for the Aussie Haka.

airedale
04-04-2012, 06:33 PM
Hi Strat, when SXY went below the $1.00 psychological barrier yesterday I almost bailed out, but then I would have been whiplashed back in today. Perhaps I am sitting too close to my computer.

CMo
11-04-2012, 09:51 AM
Some good news for the industry...

More success from Growler. Production expected from Growler 10 in April

Plus... Senex into the ASX 200.

Despite this news, I think we're all expecting another torrid day today with plenty of red. Holding tight here. I'd buy more if i had the coin.

CMo
11-04-2012, 09:52 AM
Sorry, forgot to add the link

http://www.asx.com.au/asx/research/companyInfo.do?by=asxCode&asxCode=SXY

NOCASH
11-04-2012, 10:32 AM
Why do you think we will have a red day today?

CMo
11-04-2012, 10:43 AM
Why do you think we will have a red day today?

Sorry, I meant the sector as a whole (BRU, NSE, NWE, OBL, TTE, SXY etc).

Based on the dive in the US overnight, I wouldn't be suprised to see another 5% fall in the opening hours and a climb throughout the day again.

I'm hoping that SXY will buck the trend as DLS did with ann yesterday.

bermuda
11-04-2012, 10:45 AM
Why do you think we will have a red day today?

Because the DOW suffered its worst day this year. The market is getting nervous. I think this is the 6th straight day the DOW has declined.
Good to see a double whammy of good news for SXY.

airedale
11-04-2012, 12:56 PM
Hi Bermuda, looks like a good result from Sasnof-1 just announced a few minutes ago.

Toulouse - Luzern
11-04-2012, 01:11 PM
Excellent. Nice SP boost.

CMo
11-04-2012, 01:19 PM
That's a fantastic announcement!...

Significant gas shows across Epsilon and Patchawarra tight Sands including wet gas.
Roseneath and Murteree shale samples and Toolachee and Patchawarra coal samples has delivered positive gas content.
Sasanof 1 frac program early May 2012
News on three other unconvential wells too.

bermuda
11-04-2012, 02:01 PM
That's a fantastic announcement!...

Significant gas shows across Epsilon and Patchawarra tight Sands including wet gas.
Roseneath and Murteree shale samples and Toolachee and Patchawarra coal samples has delivered positive gas content.
Sasanof 1 frac program early May 2012
News on three other unconvential wells too.

The thing that stood out for me was that Senex's Davies said it was "a first major step towards unlocking a globally significant unconventional gas resource". That is heavy. Climb on board. It is not too late.

bermuda
16-04-2012, 06:22 PM
FD,
There was a very big late flurry of trading just before and after the close. It may be that it was due to our entry into the ASX200.
Any ideas? Finished@ 108 up 0.5 cent on a down day.

airedale
16-04-2012, 08:36 PM
Hi Bermuda, 34 million traded and the last of them going through with T1-special crossing notation. Sounds like something significant going on.

Financially dependant
16-04-2012, 09:21 PM
I have no idea...we should see a change in substantial holding in a couple of days.....big move in only 4 trades...

bermuda
16-04-2012, 09:53 PM
Hi Bermuda, 34 million traded and the last of them going through with T1-special crossing notation. Sounds like something significant going on.
Hi Airedale,
Can you make it on Thursday? Would love to see you. See Sharetrader meeting file.

NOCASH
17-04-2012, 11:53 AM
I think its going to be very hard to break into the $1.10+ its stuck under 1.09 and above 1.04 mark.

OutToLunch
20-04-2012, 01:54 PM
A quick & brief sprint up to 1.13 today.. perhaps we're starting to see the next leg up? Going by past performances with the share price pausing for a few weeks between runs, we're probably about due for another one around about now. ASX 200 + stunning Sasanof-1 prelim results won't be doing us any damage either.

STRAT
20-04-2012, 02:45 PM
Hi OTL. Good day all round and a bit of a surprise considering overseas markets performances last night.

This pause has been longer than the others. The retrace more aggressive too. The bot operators seem to decide how the day will play. Its a bit of a pisser actually.

Jay
20-04-2012, 03:19 PM
I was thinking is it time to move the stop up a tad to say 99c seems to staying above the 1.00 mark now and hopefully above 1.08-1.10 now
big % to give back to market @ 93c??

OutToLunch
20-04-2012, 03:24 PM
The bot operators seem to decide how the day will play. Its a bit of a pisser actually.

G'dat Strat. Yes I agree. There's an interesting article on the SXY thread on HC to this end. Seems like you need to forget about setting any automatic trades such as stop losses as that makes you fair game for the sharks.

So much for the level playing field, eh?

Paddie
20-04-2012, 03:35 PM
I must admit to being dissapointed with the way the share price had been moving this week, particularly on the back of The Sasanof announcement and being admitted to the ASX200.

Today SXY is looking strong and not far off pushing existing highs.

I feel that we are in for a bit of a run.

Paddie

STRAT
21-04-2012, 07:38 AM
I was thinking is it time to move the stop up a tad to say 99c seems to staying above the 1.00 mark now and hopefully above 1.08-1.10 now
big % to give back to market @ 93c??
Hi Jay.
Do you have a stop facility?
If so and you rely on it when you are away from the Desk then you run the risk of being stopped out. VPE is being played quite a bit.

I wouldnt worry too much either way. Still lookin good I reckon. Its in an uptrend again. Daily lows have been rising since late March.

Fridays intraday chart looks great. The only worry for me is that it was the bots that may have pushed it up and their MO seems to change daily.

Jay
21-04-2012, 09:58 AM
No I don't have stop loaded - as have tendered to get stopped out a few times previously as you mention, will sit and watch

STRAT
23-04-2012, 11:25 AM
SeXY opening strong this morning. A close above 16.5 today would constitute a new breakout. Fingers crossed.

OutToLunch
23-04-2012, 12:47 PM
Since SXY last broke through 1.20 they've entered the ASX200 and we have also had a very good announcement from Sasanof-1, so fundamentally a new high could well be on the cards. (So long as the rest of the market doesn't pop its cookies, can never rule that out).

bermuda
23-04-2012, 12:56 PM
The thing that stood out for me was that Senex's Davies said it was "a first major step towards unlocking a globally significant unconventional gas resource". That is heavy. Climb on board. It is not too late.

Hi Guys,
Bell Potter reckons this could go to $3.00. As Davies says "they are on their way to unlocking a globally significant unconventional gas resource".

This is a HEAVYWEGHT on its way to stardom. Please check out their Directors and Senior management. These guys have a lot of skin in the game.

OutToLunch
23-04-2012, 01:02 PM
Hi Guys,
These guys have a lot of skin in the game.

So do I! :scared:

Any chance of a link to that Bell Potter report, Bermuda?

bermuda
23-04-2012, 01:50 PM
So do I! :scared:

Any chance of a link to that Bell Potter report, Bermuda?

OTL,
PM me with your email and I will see what I can do. Cheers

OutToLunch
23-04-2012, 02:18 PM
Thanks Bermuda. You have mail. :)

OutToLunch
30-04-2012, 08:28 PM
Well here's a cat amongst the pigeons, courtesy of the front page of today's AFR: Question is, why? Do QGC not see enough potential in SXY to hang on to their stake? Has anyone here read the full article?

---
QGC sells stake in Senex Energy (http://www.afr.com/Blogs/Opinion_Street%20Talk#67f183e6-9294-11e1-b325-e5afbe52005a) http://www.afr.com/rf/image_lowres/2009-2014/AFR/2012/04/30/Photos/40fc9c72-9298-11e1-b325-e5afbe52005a_syd-5za41mch8iw1j15qkoqh--180x120.jpg (http://www.afr.com/Blogs/Opinion_Street%20Talk#67f183e6-9294-11e1-b325-e5afbe52005a) Queensland Gas, now under the umbrella of British gas producer BG Group, is selling its 8.1 per cent stake in Brisbane-based junior oil and gas explorer Senex Energy.

bermuda
30-04-2012, 09:17 PM
Well here's a cat amongst the pigeons, courtesy of the front page of today's AFR: Question is, why? Do QGC not see enough potential in SXY to hang on to their stake? Has anyone here read the full article?

---
QGC sells stake in Senex Energy (http://www.afr.com/Blogs/Opinion_Street%20Talk#67f183e6-9294-11e1-b325-e5afbe52005a) http://www.afr.com/rf/image_lowres/2009-2014/AFR/2012/04/30/Photos/40fc9c72-9298-11e1-b325-e5afbe52005a_syd-5za41mch8iw1j15qkoqh--180x120.jpg (http://www.afr.com/Blogs/Opinion_Street%20Talk#67f183e6-9294-11e1-b325-e5afbe52005a) Queensland Gas, now under the umbrella of British gas producer BG Group, is selling its 8.1 per cent stake in Brisbane-based junior oil and gas explorer Senex Energy.

OTL,
My pick is that BG are continuing to downsize their Aussie investment. Recently they announced a 20% reduction in their LNG investment. This could be more of the same. I think it will good for Senex to get BG/QGC off the register. RBS are handling a book build with $1 per share a minimum. Not to worry. Plenty coming up.

And, we could be sitting on a WORLD CLASS RESOURCE of significant magnitude.

airedale
01-05-2012, 10:01 AM
Hi Bermuda, I am trying to read between the lines here. Ian Davies was the Chief Financial Officer for Queensland Gas.
Also on the SXY board is Tim Crommelin who is Exec. Chairman of RBS Morgans. RBS Morgans have had a buy recommendation on SXY for some time.
SXY director Denis Patten was also a founding director at Q'land Gas.
They probably have a buyer for the 8.1% in mind. There should be an announcement soon.

STRAT
01-05-2012, 10:12 AM
Hi Bermuda, I am trying to read between the lines here. Ian Davies was the Chief Financial Officer for Queensland Gas.
Also on the SXY board is Tim Crommelin who is Exec. Chairman of RBS Morgans. RBS Morgans have had a buy recommendation on SXY for some time.
SXY director Denis Patten was also a founding director at Q'land Gas.
They probably have a buyer for the 8.1% in mind. There should be an announcement soon.If its at a dollar, that should give the SP a bit of a kicking?

Toulouse - Luzern
01-05-2012, 10:49 AM
Hi:
I noticed this on today's Directbroking depth screen pre open:

Recent Trades

Price Volume Time Cond
102 73,923,761 09:27 S1XT

By my calculations (E&OE & DYOR) it represents 8% of the shares.
This is the % commented on previously as for sale with RBS organising etc.

Indicative pre open is currently 110.

This of course may change.

Cheers

PS: I don't know what condition "S1XT" is.

Can anyone advise.

OutToLunch
01-05-2012, 10:55 AM
No idea what S1XT means, but I assume it's a crossed trade of some sort. I had thought I'd seen a comment that the stake was to be sold on-market, but this looks more like a buyer has been stitched up? In any case, expecting a short-term spanking down to the low 100s... some good shale results could come in handy about now.

"Notice received" showing as I type...

bermuda
01-05-2012, 11:07 AM
No idea what S1XT means, but I assume it's a crossed trade of some sort. I had thought I'd seen a comment that the stake was to be sold on-market, but this looks more like a buyer has been stitched up? In any case, expecting a short-term spanking down to the low 100s... some good shale results could come in handy about now.

"Notice received" showing as I type...

BG's stake was sold by RBS last night in a book building operation. It looks as though BG got rid of their 70 odd million shares at $1.02.
The lucky recipients will do what most traders do. Sell into the market, make a small margin and move on. Our sp will be under pressure for a wee while.

But not to worry. Plenty of good stuff in the pipeline....and don't forget.....

WE could be sitting on a World Class Resource. BG had to sell for their own reasons.

airedale
01-05-2012, 11:10 AM
Nearly 74 million crossed pre-open at $1.02

bermuda
01-05-2012, 11:15 AM
Hi Bermuda, I am trying to read between the lines here. Ian Davies was the Chief Financial Officer for Queensland Gas.
Also on the SXY board is Tim Crommelin who is Exec. Chairman of RBS Morgans. RBS Morgans have had a buy recommendation on SXY for some time.
SXY director Denis Patten was also a founding director at Q'land Gas.
They probably have a buyer for the 8.1% in mind. There should be an announcement soon.

Hi Airedale,
If I could get some dosh I would be right into this. My EKA got an offer from AUT yesterday but that has time to play out. British Gas are reigning in the cash. Perhaps they have over extended themselves worldwide.

Looks like SXY might open pretty soft until all this gets mopped up.

Toulouse - Luzern
01-05-2012, 11:40 AM
I see SXY set to resume at 10.45am AEST after the news halt

airedale
01-05-2012, 07:44 PM
Looks like the SP has held up reasonably well. The large block of 74 million went at $1.02 pre- open, but then about 10 million more sold at up to 5.5 cents more during the day.

bermuda
01-05-2012, 08:50 PM
Looks like the SP has held up reasonably well. The large block of 74 million went at $1.02 pre- open, but then about 10 million more sold at up to 5.5 cents more during the day.
Airedale,
I agree. That was a massive amount of shares to find a new home for. RBS has done well and we have got BG off the Register. I am so pleased about that. There is a huge upside coming up.

Jay
05-05-2012, 09:00 AM
Down to 99c Friday and with the DOW down on FRiday as well what will Monday bring??

Hopefully some buyers who think it is cheap/cheaper to hold or increase the sp

Mind you it has had a tendency of late to go up when the overall market is down
Still holding with the "stop" at 93c Strat

airedale
06-05-2012, 01:12 PM
Hi Jay, Monday will probably be dull following on from Friday's US down day. I don't expect any "irrational exuberance" although there may well be some "irrational despondency".

STRAT
07-05-2012, 02:34 PM
Down to 90c and comming up the other side now.

Any of you fellas get stopped out?

Jay
07-05-2012, 02:40 PM
Down to 90c and comming up the other side now.

Any of you fellas get stopped out?

Umm No cause I do not have a stop in place with the broker - working on end of day so will see what the sp is then and what happens overnight in the markets. have to stick to the plan or at least try!

OutToLunch
07-05-2012, 03:30 PM
Down to 90c and comming up the other side now.

Any of you fellas get stopped out?

Nope, too busy to look much at the mo' and probably just as well. Probably not a bad thing to have a bit of a purge after such a strong rise anyways. No automatic stops in our house, I reckon they just allow the fat cats to get one's shares on the cheap via stoploss raids. The buggers aren't getting mine that easily.

bermuda
07-05-2012, 04:01 PM
Nope, too busy to look much at the mo' and probably just as well. Probably not a bad thing to have a bit of a purge after such a strong rise anyways. No automatic stops in our house, I reckon they just allow the fat cats to get one's shares on the cheap via stoploss raids. The buggers aren't getting mine that easily.

I got a dinner invite this morning from a mate to celebrate SXY going over $1. He promised me a $150 bottle of Aussie Shiraz when SXY got to $1. Best I tell him to keep it in the cellar and I will take a cask of Yalumba red.

The world can't survive on $100 a bbl for oil. We need to
1. Get our power and transportation onto gas.
2. Reduce our population
3. Improve our energy efficiency
4. Get our youth into employment. ( Youth unemployement is soaring )
5. Get fraccing .

STRAT
07-05-2012, 04:52 PM
I got a dinner invite this morning from a mate to celebrate SXY going over $1. He promised me a $150 bottle of Aussie Shiraz when SXY got to $1. Best I tell him to keep it in the cellar and I will take a cask of Yalumba red.

The world can't survive on $100 a bbl for oil. We need to
1. Get our power and transportation onto gas.
2. Reduce our population
3. Improve our energy efficiency
4. Get our youth into employment. ( Youth unemployement is soaring )
5. Get fraccing .Arent No 2 and No 5 dynamically apposed? :lol:

Financially dependant
07-05-2012, 05:33 PM
Arent No 2 and No 5 dynamically apposed? :lol:

Fraccing is safe if you take the right precautions STRAT......

OutToLunch
08-05-2012, 08:24 PM
Ian Davies buys a small parcel on-market under a dollar. Probably small change for him but then again he could have been selling down instead...

bermuda
08-05-2012, 08:43 PM
Ian Davies buys a small parcel on-market under a dollar. Probably small change for him but then again he could have been selling down instead...

OTL,
Lol,
If you knew what he knew you would know why he bought. Always good to see Management and Directors buying.
BG selling ( which was interpreted wrongly ) plus the Euro crisis has created a little mini storm. Just got to sail through it.

We go fraccing shortly.

STRAT
09-05-2012, 12:44 AM
Fraccing is safe if you take the right precautions STRAT......Like this you mean? :scared:

OutToLunch
09-05-2012, 11:41 AM
Like this you mean? :scared:

Isn't it on the wrong end? :cool:

STRAT
09-05-2012, 11:20 PM
Isn't it on the wrong end? :cool:The instructions on the pack said roll it over the head.

OutToLunch
10-05-2012, 06:32 AM
The instructions on the pack said roll it over the head.

You win. :D

Jay
10-05-2012, 06:45 AM
FYI Strat - With sticking to the plan - I am now out at .89c

trackers
10-05-2012, 10:59 AM
FYI Strat - With sticking to the plan - I am now out at .89c

I must have got yours.. I'm in for some Sasanof-1

Toulouse - Luzern
10-05-2012, 02:54 PM
Following Trading Halt.
Senex upgrades Coal Seam Gas reserves 75%
E&OE. For news release on ASX.

http://www.directbroking.co.nz/directtrade/dynamic/announcement.aspx?id=3077704

STRAT
10-05-2012, 04:06 PM
FYI Strat - With sticking to the plan - I am now out at .89cHi Jay
Have been working double shifts on site this week and havent had time to update etc.

Right or wrong its good to stick to the plan. usually.
If you are keen on the company you should be looking for a re-entry.
Gonna be an ugly month I reckon.
Will do an update on my thoughts at the weekend.

Off to work now. Again :(

Jay
10-05-2012, 06:54 PM
Thanks Strat, will wait in aniticipation :-)
Yes, will watch and may indeed enter again.

Jay
14-05-2012, 02:24 PM
Still heading down an reasonable volume as well. 79.5c as I write

Will keep watching from the sidelines at present - as Mr P use to say Mr market sets the price not the fundamentals

OutToLunch
14-05-2012, 02:54 PM
Still heading down an reasonable volume as well. 79.5c as I write

Will keep watching from the sidelines at present - as Mr P use to say Mr market sets the price not the fundamentals

Well bugger me gently, that's some retracement. I hope today marks the capitulation point, even though I free carried my holding at $1 a while back it's still a pain in the backside to see such an abrupt drop for the remainder. Probably not a bad thing though after such a sustained rise since way back last year. The next few weeks will be interesting.

bermuda
14-05-2012, 03:13 PM
Well bugger me gently, that's some retracement. I hope today marks the capitulation point, even though I free carried my holding at $1 a while back it's still a pain in the backside to see such an abrupt drop for the remainder. Probably not a bad thing though after such a sustained rise since way back last year. The next few weeks will be interesting.

OTL,
I took the rubbish to the dump and when I came back I find that I had dumped a lot more than I thought.
My thoughts are
1. International SXY holders have been spooked by the BG sell off. For the wrong reasons.
2. SXY has had a big run up and is suffering a re-trace.
3. Investors are fearing a big recession
4. The price of oil is falling.
5. Investors are being spooked by the anti fraccing lobby....and lastly
6. Some one is getting SXY ready for a takeover

I rode BOW down from $1.60 to 80 cents before selling out when it taken out at $1.52.

Perhaps the ASX should issue a reverse Speeding Ticket?

Any chartists pick a bottom.?

airedale
14-05-2012, 08:11 PM
Hi Bermuda, RBS Morgans persuaded some presumably "sophisticated and experienced" investors to buy in a few days ago at $1.02. RBS Morgans must have used some very compelling reasons to persuade them to buy in. One of the SXY board members is also on the RBSM board. I have a feeling that there is something going on behind the scenes.

bermuda
14-05-2012, 08:29 PM
Hi Bermuda, RBS Morgans persuaded some presumably "sophisticated and experienced" investors to buy in a few days ago at $1.02. RBS Morgans must have used some very compelling reasons to persuade them to buy in. One of the SXY board members is also on the RBSM board. I have a feeling that there is something going on behind the scenes.
Hi Airedale,
I hope so. In fact you would have to believe so bearing in mind what SXY has got coming up. But I think SXY may have got caught up in a market correction that caught a few institutions off guard. Sometimes these instos are forced to sell if their investment drops a certain percentage. If so we will recover lost ground over time and go higher.

The Snatcher results should help and of course some good fracc results from Sasonof will be of great importance as we look to certify a world class resource.

I am sure, as you say, there is a lot going on behind the scenes.

Rabbi
15-05-2012, 01:22 AM
It looks increasingly likely that Senex won't reach Davies' full year target, of 700,000 barrels of oil, net to Senex. It is feasible, that they could come with a big run over the last few weeks of the financial year but, even if they don't make the target, I think this of no importance in the grand scheme.
The CSG side of things has me intrigued, as they have just had a significant increase in 2P reserves. In ordinary circumstances, their proven 2P reserves of CSG, wouldn't be enough to interest a major, but we are not living in ordinary financial times. With the market so beaten down, this is a golden opportunity, for a major to buy the CSG assets at a significant discount. This was the case with BOW energy, even though BOW had substantially more proven 2P reserves. Everybody who held BOW shares was of the opinion we got shafted in the end game.

But why would BG sell if there was another major waiting in the wings? Why would the instos buy if there wasn't something in it for them? A lot of unanswered questions here.
Did BG sell out to make a play for the CSG assets only? Now that would make some sense but it's just a wild card at this stage from my perspective.
Yes, something could be brewing behind the scenes, with directors buying on market, and instos taking all those shares off BG.
At the moment, I am watching CNBC with the DOW and the price of oil getting hammered down
yet again, so fasten your safety belts as we are in for a rough ride.
SXY fundamentals still haven't changed, same for BPT, DLS and the other Cooper players.
The traders won't be interested in catching a falling knife but when the market turns-and it will turn- they will be back with a vengeance.;)

OutToLunch
15-05-2012, 04:17 PM
Still heading S on volume. We're being spanked so much here I'm in danger of enjoying it. :eek2:

airedale
15-05-2012, 08:09 PM
Funny sort of day, OTL, see my post tonight on BPT.

STRAT
16-05-2012, 11:09 AM
Still heading down an reasonable volume as well. 79.5c as I write

Will keep watching from the sidelines at present - as Mr P use to say Mr market sets the price not the fundamentalsHi Jay.
Still flat out but you dont need a chart to see whats goin on. eh?
Will get to it in time for a re-entry :D

Jay
16-05-2012, 11:47 AM
Hi Jay.
Still flat out but you dont need a chart to see whats goin on. eh?
Will get to it in time for a re-entry :D

Good that you are busy !

No - no chart needed at present
I have no doubt there will be a time for re-entry, but certainly not today or possibly the next....

STRAT
18-05-2012, 09:40 AM
Good that you are busy !

No - no chart needed at present
I have no doubt there will be a time for re-entry, but certainly not today or possibly the next....Hi Jay.
Inital buy signals are in for the brave but no uptrend confirmed yet and Im not all that brave.

Could be a rough ride for a while. Clearly the process of fobbing off losses and debt by Instos and Governments onto the peasants in Europe isnt going as well as expected by those Instos and Governments.

DISC. Im one of the peasants :D

Jay
18-05-2012, 12:07 PM
Couldn't agree more Strat - heading down as I speak :eek2:

Still watching and waiting

OutToLunch
18-05-2012, 02:47 PM
Actually holding up quite well today, all considered. I'm not a technical type, but you'd think that a good buying opportunity must be close, with the global fear-o-meter shooting up again. That said, there's a lot of pigeon poo still to land on quite a few heads before this thing blows over, so I guess there's no hurry to buy anything right at this point (although I did pick up a few PGI this week, call it 'insurance').

Toulouse - Luzern
25-05-2012, 09:31 AM
Well we have all been a bit quiet lately.
I note that.
Better candles over the last few days.
SXY plus .5 for the day yesterday, 5 day MA crossover of the 10, RSI at 40+.
SAR is now positive - green for 1 day, 5 day, 3 mth.

Cheers

OutToLunch
29-05-2012, 01:44 PM
Could have been a good call Toulouse - Luzern... heading up again now.

STRAT
29-05-2012, 01:59 PM
Well we have all been a bit quiet lately.
I note that.
Better candles over the last few days.
SXY plus .5 for the day yesterday, 5 day MA crossover of the 10, RSI at 40+.
SAR is now positive - green for 1 day, 5 day, 3 mth.

Cheers
Hi TL.

Lookin pretty good.
The inital buy signals on the 17th and 18th have stayed good. A close above 87 would confirm the uptrend and thats lookin quite likely today.

Paddie
29-05-2012, 06:18 PM
Hi Strat,

Good to see Sxy heading back to where it should be.

.87 at the close taken out comfortably. If only Europe would settle down and the markets could have some stability.

Some good plays coming up with SXY and NWE.

Regards
Paddie

STRAT
30-05-2012, 08:02 AM
Hi Strat,

Good to see Sxy heading back to where it should be.

.87 at the close taken out comfortably. If only Europe would settle down and the markets could have some stability.

Some good plays coming up with SXY and NWE.

Regards
PaddieHi Paddie.
Nice market rise world wide last night. Should be a sunny day today.


Keep an eye on Spain though.:ohmy:

Toulouse - Luzern
30-05-2012, 08:40 AM
Hi,
Thanks everyone for your comments.

I like the recent candles.
Looks good - two white soldiers this week so far.

With the positive Europe and US lead in optimists will be looking for a third white soldier today.

Note that yesterday volume (2.8m) is less than average over 3 months (6m includes the 72m BG sale) and since 2 May 2012 (5.2m)

Cheers


PS:
Three White Soldiers: A bullish reversal pattern consisting of three consecutive long white bodies (up).
Each should open within the previous body and the close should be near the high of the day.

Toulouse - Luzern
30-05-2012, 10:28 AM
The ASX may not open up as I expected.
The SPI forecast indicates down 4 points in the Sydney Morning Herald.