Originally Posted by
Shrewd Crude
Oil prices are at record highs, extending day after day....
Going into major production next year is great...
the 'option to delay production', is what analyst's are saying...
Revenues from Oyong are helping the company with its cashflow, grinding with massive oil prices...
.....
Every investor in this company is investing in the price of oil....
If prices are higher next year, which are likely then so will CUE... I have discussed the issues just abit b4... CUE will be much higher regardless of oil prices.... 100% gains next year is what im aiming for, and thats if CUE pulls through at par...
Last few days I have noticed big buying at 24.5c.... There is selling pressure on CUE because next big CUE activity is a few months off at best, but unexpected ann's come at any time...
... It will be on the markets to intuitively rate CUE according to its future prospects and that re-rating could bounce CUE anytime, ..... and that it will....
takeover talk has always surrounded this company but I have never bought into that idea...
SPC buying stake was always a good signal for cue with overlapping Oyong project... Oyong was always my previous concern which had Many delays...
NZO selling PPP sent a bad signal to market with overlapping Tui project...
....
One thing I am continuously learning is the re-rating proccess of oil companies, (which is the hardest things to analyse in this game)....no-one can predict the path, some can pick the price....
It is not hard making price predictions, and setting forward SP's ....It is very hard to work out when it will get to those targets (eg what month), and impossible to work out the path....not no-one ever has been able to predict sp accurately at a set time.... peak sharetraders can get around this by making longer term predictions to push aside that risk.... I have consistantly referred to patience....
I have only suggested one year to make the big ones... always felt that it sat right and not expecting short term explosion which is what some require for the risk of holding a 20c oil stock....
this may not suite some for the percieved risk CUE holds which is totally not the case... seriously, cue could have a few major setbacks and still pull through strong....
CUE has prospects, gas assets and permits which hold hidden value far above the current value of the company...
I have never ever ever seen a small oil company with JV partners in terms of the number that cue holds...
some of these extensive connections hold our future as an up and comer like no other....
... Timor sea permit alone is a monster... just check it out....Timor Sea is a great region to be exploring.... companies are starting to come back to this region after much recent success, and a period before that of unattractive low prices... which didnot make investment in the industry profitable, many diuscoveries werenot developed because of low prices... totally different market now......... I pray that CUE gets its show down with a coogee JV partner, drill in Timor Sea.....
I will be disapearing for a few weeks... have exams... see you all when I get back....
last day of Lectures...going to celebrate big...
:cool:
.^sc