Singapore Petroleum (SPC) has increased its holding from 10.59% to 11.75%.
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Singapore Petroleum (SPC) has increased its holding from 10.59% to 11.75%.
CUE is a typical company where wealth will be transferred from the impatient to the patient
The Todds and Singapore Petroleum know what they are about and are obviously taking the longer term view --- they will not be in the least concerned that the share price is struggling at present, they will be looking at the big picture that will emerge over the next year or so
A little patience will go a long way with CUE
payment from the second shipment of Oyong due. Cobra drill being prepared. and the sp drops... this one has me baffled. still, i'm picking 2008 to be the year for CUE. smooth production at maari will see a very significant re-rating. income from 2008 just skyrockets.
-j
:)
Hi folks,
CUE ..... looking for Friday's strength to continue next week,
as two significant and positive time cycles come into play:
24122007 ... positive news expected here
27-28122007 ... minor and positive light on CUE
04012008 ... negative cycle ... finance-related(???)
07-14012008 ... strong rally expected here ... with significant
news, around 11-14012008 ... :)
25012008 ... minor cycle
29012008 ... minor and positive ... finances(???)
14-22032008 ... underlying negative cycle
25032008 ... positive spotlight on CUE ... :)
have a great weekend
paul
:)
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Didn't get the "strong rally 07-14012008 " but maybe the significant news is this morning's that SPC has increased its holding from 11.75% to 12.83%. ;)
:)
Hi Macduffy,
CUE ... it has been quite disappointing to see the price so flat,
right now ..... but, your observation about SPC is interesting,
as they already have a big stake in the Indonesian wells, so
their stake in CUE may well be a the forerunner to a formal
bid ..... around 25032008 ... ???
have a great day
paul
:)
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well, i've made absolutely no money from CUE and that's fantastic.
why?
i've lost no money either, and in this market that's pretty good going in 2008.
it looks as though SPC have stopped buying yet the sp has not taken any hits and remains rooted in the low 20s. this bodes well, in my opinion, with maari coming on stream later this year - and that is surely certain to re-rate CUE, and if the current sp hold around these levels, that's big upside from here. incidentally, here are some notes from an HTM Wilson report done recently on the potential of maari. with thanks to mosaic1996 from another forum:
http://www.horizonoil.com.au/Press%2...lson%20HTM.pdf
a very encouraging read. i rode the wave of ppp incredibly well when tui came on stream, and foresee a similar situation here.
given this thread has gone quiet, i might be alone but i feel pretty comfortable with CUE in the current climate.
good luck to holders (if there are any).
-j
You're not on your own, jdg. I'm also encouraged by CUE's performance in this bear market and waiting for yogi's prediction to play out on or around 25 March! ;)
Meanwhile, I'm even happier about Maari prospects and the fact that there are two strong holders in SPC and Todd Petroleum.
:cool:
I too hold CUE at an average entry price of a bit under 20c and propose to continue to hold as I consider that in the medium to long term CUE will see a considerable price increase