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Thread: Junior oilers

  1. #1
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    Default Junior oilers

    Lately I have been bullish about oil, and I believe that the second half of next year will provide good buying opportunities into these junior oilers. I'm looking basically for NZO clones over on the ASX or even the NYSE. Oilers that are on the verge of production or have already started producing and have low forward looking PEs. I only know of a few at the moment, and they are all displaying topping patterns. Any suggestions?
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

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    Quote Originally Posted by AMR View Post
    Lately I have been bullish about oil, and I believe that the second half of next year will provide good buying opportunities into these junior oilers. I'm looking basically for NZO clones over on the ASX or even the NYSE. Oilers that are on the verge of production or have already started producing and have low forward looking PEs. I only know of a few at the moment, and they are all displaying topping patterns. Any suggestions?
    Next weeks AUST FINANCIAL REVIEW will have a special section on hot oil and gas stocks.

    Watch out for
    VPE
    BOW
    TEX
    PES
    SPX
    NZO to name only a few

  3. #3
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    Wink

    I'm not sure about " low forward looking P/E's" but I have small stakes in :

    AOE
    BOW
    NWE
    AWE
    CUE

    and am looking hard at VPE.

  4. #4
    Member ELYOB's Avatar
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    Thumbs up

    we could be off and running early jan08 with a few junior oilers ....

    esp... ETE , watch this one , it will just up and away during Jan/ feb. [ This has been held down and something is going on IMHO { hearing things}]

    like BAS MOG STX over next 3 months .

    Hold ETE BAS

    dyor

  5. #5
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    Default

    Quote Originally Posted by AMR View Post
    Lately I have been bullish about oil, and I believe that the second half of next year will provide good buying opportunities into these junior oilers. I'm looking basically for NZO clones over on the ASX or even the NYSE. Oilers that are on the verge of production or have already started producing and have low forward looking PEs. I only know of a few at the moment, and they are all displaying topping patterns. Any suggestions?
    I hold OEL which is well worth a look, & they have JV's with IPM & NDO.

    PSA & AMU are very cheap & i have held them also.
    Disc holding - GAL, IGO, LEG, SES

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    My Oil & gas holdings are ARQ, ROC, EXR, OEL
    The first two are long term holds, whereas the last two are more of a "speculative punt"
    Also intend to add some NXS to the long term portfolio sometime.

  7. #7
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    NXS - Booked drills, tasty assets, pretty under-valued.
    HZN - producer next year, currently drilling a largish target.
    PRE - Gold and Oil
    CTP - One day, they will drill something lol.

  8. #8
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    Default Add to that list

    TDO
    KTE
    BUR
    CUE

    .^sc

  9. #9
    SRV is a God STRAT's Avatar
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    Quote Originally Posted by Shrewd Crude View Post
    TDO
    KTE
    BUR
    CUE

    .^sc
    BUR is looking very cheap Shrewdy. I guess the big question is when will it turn?

    Soon I recon
    Last edited by STRAT; 28-12-2007 at 03:41 PM.

  10. #10
    Senior Member Serpie's Avatar
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    Default Bur

    BUR keeps getting cheaper Strat/SC.
    15c is yet to be broken, but it's getting close again.
    All BUR followers are mystified as to why the market won't acknowledge it. Nice to see it popping up on a few lists for te 2008 comp.

  11. #11
    Member ELYOB's Avatar
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    Unhappy ....reality cheque !

    Dont be surprise to wake up one day to find some junior oilers revised downwards in price . This check in the pumped-up prices has got to come , and denial is going to be fatal for one's bank a/c .

    Logic is in 2007 midcap producers were punnished with any mistake in any quarterly , whereas reserve only explorer(s) were price driven in the multiples . It should have been the other way round with oil near 90-100$bblo....

    NXS is one that is way over-priced, whereas ARQ is priced fairly for example .

    dyot

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    Hi Elyob, please explain to me why NXS is overpriced. They'll be on a P/E of 2.8 in 2011 according to the Shaw brokerage report...
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

  13. #13
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    Default

    NXS has much bigger reserves then ARQ

    ARQ does look cheap'ish at the levels though, maybe time for a bounce despite all the bad luck they've had recently.

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    A high risk very high reward pick of mine is COI. COI has some good areas and a low market cap. COI also has very little money. Still I'm long!

  15. #15
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    I'm running a comparison between BPT and NXS. Does anyone have a broker report for BPT?
    Disclaimer: Do not take my posts seriously. They are only opinions.

    AMR has sold all shares and is pursuing property.

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