currently oversold, so just wait for volume (OBV) to turn, huh?
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currently oversold, so just wait for volume (OBV) to turn, huh?
Potentially some good news for Blue today, with 10% shareholder (KOGAS) possibly buying into GLNG. I guess that is what triggered the late day rally.
Hopefully will be positive towards KOGAS lifting their share in Blue come Feb.
Chart is looking quite good, thoughts? Dble bottom 11.5c MACD crossing positive.
And now looks like TH as at 10.27am ASX time.
resistance at 13c (was support at 13c in early Oct)
my super slow stochastic still shows it oversold, and OBV been flat for months.
I hold.
wait for close above 13c
Anybody still hold this?
Back to the Low again and just off half a cent higher.
Can anybody say, what exactly is going on with this stock? Completely in a down trend and looking like its set to go even potentially lower.
dis: Not Holding
Drilly,
Have a look at page 10 of the Annual report. Blue aims to be a ASX200 company within 12 months. I don't know what market cap you have to have to be in the ASX but BUL would have to reach about 60 cents or so. If Kogas confirm an additional stake next February then it will be plain sailing.
Ive look at BUL, before & i will take another look for when the tide turns, when the CSG sector goes berserk, i expect BUL to get a lift.
I'll be back in the market soon & only have 3 stocks "on the buy list", looking for another 2, maybe a CSG play, will do some digging Drilly & see what the fundamentals look like & shall post my thoughts.
Drilly, i didnt find too much to get me excited off the AGM presentation, BUL's market cap is ~$80m w/$18m cash
Not the most active CSG drilling program out there, but they have some good permits in the Surat basin
Kogas only owns 9.7%, so IMHO BUL's upside is mostly if its apart of M&A in the CSG/Shale Gas consolidation
Better CSG plays out there