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huge volume on asx today- 7.5 million
at one stage up 2c but finished up 1 cent.
makes the AT purchase back in Mach @ 22c au look pretty good
my most recent purchase was in feb, also @ 22c au after selling 1,ooo djs @ $4.82 - turns out a very wise decision [some $3,000] better off with djs fgoing down and ppp going up.
with all the heavy buying, then something is cooking and would expect sp to keep going up.
M
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actually, todays volume on asx may be one of the largest ever - asx chart for last 10 years tops out at about 5m and todays was 7.5m.
see what the week brings.
would ppp be queried by asx with such a high volume and no announcement.
M
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so the big buying continues in nz this morning.
M
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Who popped the tyres today?
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m
-Oil down a tad overnite prob be main reason most ASX oilers down-I don't feel so bad selling at 37c on close yesterday -will be watching closely
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Sold mine yesterday on ASX at 30.5
Will retake a position at 26.5 perhaps.
PPP- will flonder cash rich but undervalued untill it has a real team to run it.
Hawke.
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Growth through acquisitions for BHP: Yeager
(Thursday, 15 May 2008)
BHP Billiton plans to grow its oil and gas arm through acquisitions, according to BHP Billiton Petroleum chief executive Michael Yeager.
Full Story...
headlines from energy review
would consider selling all my ppp for 50c au
M
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Same - what an accumulation I have.
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per the quarterly, the maitland jv should be contemplating next move now [after apache presented its proposal in early may]
a positive maitland decision and a tui upgrade should spur on the sp over next month.
ppp @ 40c au in 4 weeks would be nice.
M
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AWE have just announced the following on the ASX:
TUI FPSO charter extended to 2022
Fixed term of the charter has been extended to 2015, thereafter 7 one year options.
This will allow to extract an additional 5 m barrels from TUI, bringing current 2P to 47m barrels.
Production remains near 45k barrels/day, despite increasing water cut.
Modifications of FPSO are considered to increase total handling capacity.
TUI reserves are still being reviewed, results out during June '08.
AWE up 2.8% currently.