NWE- the shell and possible 20 bagger

[Serpie]

Wonder if the shrewd one got back in already?

I'd imagine that when The Shrewd One returns to NWE there will be much fanfare. He's not the type to slip quietly in the back door.

Certainly ready to return to the low 30's, as long as the DOW behaves itself. Could see profit takers ravage it at those levels though, so needs news to attract the next wave of punters.

I hold.

[bermuda]

I'd imagine that when The Shrewd One returns to NWE there will be much fanfare. He's not the type to slip quietly in the back door.

Certainly ready to return to the low 30's, as long as the DOW behaves itself. Could see profit takers ravage it at those levels though, so needs news to attract the next wave of punters.

I hold.

Serpie,
Let me know if you dont know King Baz
Cheers mate

[Serpie]

Serpie,
Let me know if you dont know King Baz
Cheers mate

I've sent you a PM Bermuda.

[Tech Step]

I doubled up at 27c which I am happy about.

There definately seems to be a heap of interest at the moment in this stock.

Long term this could be amazing, However it is not for the faint hearted.

cheers

Tech Step.

[tricha]

I doubled up at 27c which I am happy about.

There definately seems to be a heap of interest at the moment in this stock.

Long term this could be amazing, However it is not for the faint hearted.

cheers

Tech Step.

Well I doubled up today at 22 cents, added 100,000.

Correct me if I am wrong, Northwest earn 1.25 % of all oil produced and if AED costs go up 100% and they need to borrow another 75 million so what.
Where does that effect Northwest ?????

When AED get to 20,000 barrells a day, 250 barrells will go to NWE at $100 = $25,000 a day at no cost.

$175,000 a week to NWE at no cost. For a very long time and upside to come.

Either I have got it horrible wrong or Mr market has, time and patience will tell as always

[tricha]

Where is everyone today , Northwest cheaper again today, so took the pleasure in topping up again today.

It's like the Wharehouse where everyone gets a bargain.

Actually Northwest must be a steal at this price, especially if oil maintains its value.

It is printing money with no outlay what so ever. Not really printing it, just cashing the cheques that AED supply.

How stupid is Mr Market, AED rightly hammered, but hey NWE does not have these costs associated.

Food for thought guys..

[Kropotkin]

i agree tricha - very strange indeed...
still, yet another oportunity to soak up some spare heads lying around after stop-loss triggers

let me check my piggy bank.....

trouble is i need to save a bit for OEL too!

[wack]

AED release today that they are confdient to get back up toward 20000 bopd within 3 months and an addition well for NE Puffin increasing production further in first half 08.
This sound more optomistic than their earlier statements. This puppy gotta be oversold though am concerned at the depth of the hole it has got into . .May take some time, or positive announcement from elsewhere to get back on track.

[Serpie]

I've been scraping up the loose change yesterday and today Tricha, and topped up at 22 and 20.5.
Too cheap at these levels, and agree that recovery costs related to Puffin do not affect NWE.

Interesting post on SS stated that even at 10,000bopd the increased price of Tapis still results in NWE getting around 90% of the revenue that they originally expected from 20,000bopd.
The bonus of course is that, as long as the reserve size is unchanged, this revenue stream will continue for twice as long at 10,000bopd, so it's all good for NWE.

[seaosh]

Nice buying Serpie. . . It looks like it's staging a comeback.

Would have liked to grab more myself at 21 cents, but money not enough lah. . .