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27-06-2021, 10:57 PM
#1761
 Originally Posted by digger
Hi JBmurc,
I have also bought 2 million in may/june to more than double my total. Did so for much the same reasons many have already outlined here. Mostly tax selling and Oil or gas is in the hated sector for investment.Time and I believe a very short time will show that the ICE is far from dead regardless of the dreaming greenies.
In fact it is a thing of mine that with an investment much smaller than what has been poured in renewables the ICE should have been made more efficent.
Anyways we will shortly see how this pans out. I am certainly very hopeful.
Yes great minds think alike >>> I'm surprised more haven't been like us ... only need to look at the last 12 months of trading I'd say very few Buyers of CUE 20/21 would have been sitting on a profit ... but many hundreds will have losses ... us TAX paying traders all look to reduce TAX in Good trading years ... I've done it Sold to book the loss EOFY(MARCH) then re-purchased the same shares weeks later .... the same will happen with CUE ... JULY we will trade many cents higher
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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27-06-2021, 10:58 PM
#1762
Originally Posted by digger
Hi JBmurc,
I have also bought 2 million in may/june to more than double my total. Did so for much the same reasons many have already outlined here. Mostly tax selling and Oil or gas is in the hated sector for investment.Time and I believe a very short time will show that the ICE is far from dead regardless of the dreaming greenies.
In fact it is a thing of mine that with an investment much smaller than what has been poured in renewables the ICE should have been made more efficent.
Anyways we will shortly see how this pans out. I am certainly very hopeful.
Yes great minds think alike >>> I'm surprised more haven't been like us ... only need to look at the last 12 months of trading I'd say very few Buyers of CUE 20/21 would have been sitting on a profit ... but many hundreds will have losses ... us TAX paying traders all look to reduce TAX in Good trading years ... I've done it Sold to book the loss EOFY(MARCH) then re-purchased the same shares weeks later .... the same will happen with CUE ... JULY we will trade many cents higher
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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05-07-2021, 10:26 AM
#1763
the WAVE of BUYERS must surely break on weak shares on offer
210705102147.png
Looking forward to getting an update on many of CUE ongoing operational updates we are waiting on >>
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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05-07-2021, 11:10 AM
#1764
Mr Samter said the US oil and gas sector was in a similar situation in the third quarter last year, when share prices were all down 20-30 per cent as oil prices started to rise before the market suddenly woke up to the changing macro environment. Since then, ExxonMobil has doubled off its lows, while Occidental has more than trebled.
“For me, the reality is that the sector will play catch-up and then continue to thrive as we enter a highly attractive period for investing in energy stocks,” he said.
https://www.copyright link/companies/energy/energy-stocks-disconnect-gets-crazy-20210702-p5868z
AUD oil $100bbl
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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17-08-2021, 10:49 AM
#1765
SUB $30mill AUD EV --WTF ????????
I'd say JUNE Qty has had higher than usual admin/corp costs associated with
"AUS ASSET ACQUISITION" ...Along with final Ironbark payments...Mgmt pay is around 700k pa>>> so not much of the revenue left over to go to the bottomline sadly but I'm sure thats going change next Qty onwards as so many millions of Production during the Qty was paid after JUNE>>
I think big positives for CUE is going forward >>>>going from JUNE Qty
approximately $1 million from March and April oil sales in the Mahato PSC when production was approximately 1600 bopd. Revenues from Mahato are received approximately 6 weeks after the end of the production month.....
I worked out 245Bopd av. If spread over Qty ...as stated start of JULY CUE Net 405bopd so one would think over this Qty we are going see much higher cashflows Vs Production costs..
the real Kicker I like from "Mahato"
The unperforated reservoirs in all wells are candidates for future production. Results of the 5 wells drilled to date indicate further development potential in the field, which is currently under review. The Operator has indicated the potential for further development wells to be drilled during the second half of the 2021 calendar year.???
On the 17 July 2021, the PBE-1 interfield well commenced in the PB field. The well is targeting a structure to the east of the existing PB field which, if successful, could be a standalone discovery or part of a larger PB field. The well is expected to take up to 4 weeks to drill. 3 further development wells are being planned for the PB field in the coming months...
So we are presently at or above 405bopd net to CUE but after reading the above from the Qty I think we can all agree the upside is substantial ...
NZ maari ...adding another 265bopd ---$2.3 million in revenue from a Maari lifting during the quarter was received in July and will be reported in the current quarter.....
Another thing I picked up in Qty looking again (amazing how much one can miss on first pass)
New Aus Gas assets>
effective economic date of 1 July 2020. Completion is expected in the current quarter and the economic value shown in the table($1.9millAUD) will be included to Cue as an adjustment to the completion payment.
Acquisition cost of A$8.7m upfront less $1.9mill = $6.8mill .....pretty good buying when CUE should be reaping in 1.9Mill++ for many Qtys to come and nil operation concerns as managed by CTP >>all the hardwork has been done !! pipelines sales contracts in place...
-55x Gas wells in production>>>
-7 infill wells drilled or to be drilled in the near term>>
-2x Large Exploration recoverable targets = 192Pj.!!!! (145 PJ Annual consumption for Adelaide, Brisbane and Sydney STTM hubs)
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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21-11-2021, 12:00 PM
#1766
Member
CUE would have to be treading water with the noose of NZO around it. I wonder if the directors have ever considered the rank and file shareholders and considered a divvy? Surely that would impact the SP.
A quote attributed to Margaret Thatcher goes along the lines of
"The problem with socialism is that eventually you run out of other people's money."
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23-11-2021, 07:25 AM
#1767
Originally Posted by Waiuta
CUE would have to be treading water with the noose of NZO around it. I wonder if the directors have ever considered the rank and file shareholders and considered a divvy? Surely that would impact the SP.
Unlikely on the Divi front going from my last conversation with the MD >> More likely we see another offer from NZO 10c last time ....AUD oil $105bbl , high Gas prices ..maybe they will come again 12c etc .... would be cheap at that to take total control
"With a good perspective on history, we can have a better understanding of the past and present, and thus a clear vision of the future." — Carlos Slim Helu
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23-11-2021, 11:48 AM
#1768
Member
Some interesting theories on HC re future. Just have to be patient.
A quote attributed to Margaret Thatcher goes along the lines of
"The problem with socialism is that eventually you run out of other people's money."
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21-01-2022, 10:57 AM
#1769
Member
Getting some traction now, production increasing and oil up. Quarterlies due any day. Take Over???
A quote attributed to Margaret Thatcher goes along the lines of
"The problem with socialism is that eventually you run out of other people's money."
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21-01-2022, 02:49 PM
#1770
Originally Posted by Waiuta
Getting some traction now, production increasing and oil up. Quarterlies due any day. Take Over???
Takeover? Nah why would OG bother when they own 68% of NZO which then owns >50% of CUE?
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