Phaedrus - "year later and you are still not in profit - all the TA based entries are though."
Excellent stuff Phaedrus, u must be worth millions on a system that never loses.
I'm a fundamentalist through and through. I guess u must be a dedicated trader.
I'm a buy and hold on fundamentals.
The way the market is, u are going to tell me cash cows like COE, NZO, PPP are a sell.
Companies like CUE and OEL who should join the cash cow ranks soon, are a sell.
Companies like BOW and VPE who are speculative but can re-rate in a instant, are a sell.
They would probably all meet your T\A requirement as a sell.
Just for example COE, fundamentally a cash cow. What do the clouds tell u :confused:
Investor Update
July 2008
© Cooper Energy Limited
Overview
Australian oil producer with attractive growing international portfolio
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ASX listed (COE) conventional upstream exploration and production company
– FY08 record production of 380,000 barrels of oil
– FY08 record proved reserves of 1.45 million barrels of oil (P50)
Their enterprise value for 1.45 million barrels of oil and any exploration upside is 34 million.
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Emerging international exploration/appraisal portfolio to drive growth
– > 1 billion barrels of undiscovered recoverable oil (P50) in portfolio
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Market cap A$106 million @ A$0.42 per share
– Cash equivalents of A$72 million (cash and share investments)
– Enterprise value of A$34 million
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Record FY08 production revenue of A$44 million
– FY08 EBITDAX of A$29 million
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Potential to deliver strong results in 2009
– International exploration drilling in Tunisia and Indonesia expected
– Unhedged oil production with growth options
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Quality E&P technical team based in Perth with high international experience
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