NWE recently broke the downtrend line so it would be a good buy signal.
Trouble with NWE is I can't handle that sort of volatility. I can take a 2% loss easily, just not a 15% loss if Cobra is a dud.
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NWE recently broke the downtrend line so it would be a good buy signal.
Trouble with NWE is I can't handle that sort of volatility. I can take a 2% loss easily, just not a 15% loss if Cobra is a dud.
I don't think Cobra is the main event for NWE.
Now that Sinopec has taken control of Puffin, NWE's 1.5% ORR over this field is set to start paying off. I'm looking forward to this!
Disc: Hold NWE
;)
Hi Doc,
http://www.oilers.com.au/
I did it on-line using the subscribe button (middle of page).
yes there are oilers , and then there are oilers ........
But one that sticks out to me as a no risk / good upsider is TAP .
This is travelling under the radar .
Late on Thursday they put out a good PRESENTATION , worth having a look and research the stock ..... if you know anything about trading oilers , you will understand what an excellent play this is .
Analysts are putting a potential of 3-5 dollars on it for the 3-4 high impact drilling happenings through to Xmaz , with the first Marley - 2 spud last week ......
Hold TAP ; dyor
Thanks for posting this.
I like the look of STX, myself!
It strikes me as odd that a number of small/mid cap oilers are posting record quarterly revenue and trading way below valuation, yet the sp still stays down. Either we have missed something or it is one of the best opportunities of the decade.
What is a "besbs" play?
Came across a Stockval newsletter today, dated 6 August.
They reviewed a number of juniors, a one line summary for each could be:
Cararvon Petroleum - 'trading at or around value'.
Pan Pacific Petroleum - value of around 50c.
New Zealand Oil - 'we currently see value in the stock at prices around $1.00'.
Cooper Energy - they value it at 21c.
Horizon Oil - not considered investment grade.
Overall, their preferences are CVN below 65c and NZO below $1.05
'Controversial' could be their middle name...they were the ones saying ABC Learning Centres were worth about $2 when they were consistently trading higher than $6. Likewise, they were shouting that Wesfarmers paid too much for Coles, and valued WES well under what they market was. In both cases, they were on the money.
Unlike a lot of broker research, I do take notice of what these guys think. Roger Montgomery was with them until quite recently.
If you ever get a chance to attend one of their seminars (free), its well worth the effort.