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Singapore Petroleum (SPC) has increased its holding from 10.59% to 11.75%.
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Originally Posted by macduffy
Singapore Petroleum (SPC) has increased its holding from 10.59% to 11.75%.
for me, this is significant. they've moved beyond a blocking stake and just keep on buying. who knows what their intentions are but they are taking a lot of stock off the market and showing great confidence in the company. 2008 will be CUE's year.
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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
Time is the great revealer
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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
Last edited by jdg; 21-12-2007 at 01:10 PM.
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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%.
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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
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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
Time is the great revealer
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