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Finally sat down and read through the March 20 Presentation.
Bit disappointing that the 2Q drill by Woodside in WA-389-P will now target Banambu Deep (potential gas volumes 1.5 TCF). I thought it was going to be Caterina (potential gas volumes 12 TCF).
Shareprice reaction in anticipation of this drill may be minimal. Perhaps it's worth 10 cents per share on success?
After the WA-389-P drill I'm not sure what there will be to excite the shareprice until further offshore Taranaki drilling in 1H 2013. Possible exception for the Barikewa appraisal drill in 4Q 2012.
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I think you are right seaosh. I'm out for this drill and hoping to re enter again in the low 20's if its a dud.
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CUE is a great stock...
Its my favourite conventional oil stock...
times are changing... we are in the early stages of a huge shift of global energy output... USA is back, and better than ever...
Goldman sachs reports said USA will take over as number 1 international energy producer in 2017... the reason, shale gas...
This change is not for conventional stocks... great stocks like CUE are not going to directly appreciate from this...
for the smart investor, its all about shale gas...
and for once I have timed this spot on...
Its all about opportunity cost, and because of that I don't see me rebuying CUE again...
also,
CUE have the TCF targets, as we have seen over the years... the inherent risks have results in many failures...
and the costs to drill these offshore wells are huge...
right now, we are drilling known TCF shales,
that are strikes before we drill them...
totally different risks...
but, with payoff to boot...
amongst other things, this is what has me so excited...
shale gas....
Made in America...
and right now its emerging in Aussie...
more risky at the moment because these shale stocks have run so so hard... but, with the pull back in the last week... only a matter of time before we go to the next level...
JDG previously showed his dissapointment towards me and CUE... so I am very happy with his NWE purchase...
look into these ones champ...
NWE TTE KEY GRK
:cool:
.^sc
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Is CUE being held for its Chinese shareholders . This seems like the lodgical take-out ? A Perth broker put that spin to me last week .
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Not unless the Todd family have something to do with it. They own a large blocking stake and have majority seats on the board.
Shrewd - you getting in on AJQ listing 26th of april?
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Todd Family are certainly not in this for the dividends. Any Chinese takeaway would be based on its merit. This stock has a chance to test 50-100cents in coming months ....?
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no plans as such bung...
I will just wait and see what happens...
I wont be investing in on a big spike, there are other shale stocks around...
some of these ones I mentioned, just like TTE are only 10 million cap... so much smaller in market cap. so they have the pinch of leverage in their own way...
Im actual bidding on some GRK and looking at KEY...
:cool:
.^sc
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Chairman, Richard Tweedie acquiring 187,647 shares. Surely worth noting
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Just saw that too. Looking good.
What exactly does it mean though, saying it's an on market trade "pursuant to Director's Share Savings Plan"? He did stump up the cash himself I hope.
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..well done Waiuta...I did not see that...where did you ?.....as an aside some folk in the past have stated that CUE are/is a company destined for $1 plus ..so i suppose that the fact that an empolyee of CUe has supposedly increased his holding (on the face of it)..then I suppose this information has to be seen as a positive.