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CUE, CUE ENERGY RESOURCES LIMITED
yogi-in-oz
post Posted: May 27 2004, 02:43 PM
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smile.gif

Hi folks,

..... that bounce off 5.5 has some traders
taking positions, while the indicators remain
extremely oversold.

Key levels on the way up will be around
6.5 and 6.9 cents, in the short-term.

If the agreement with STO is still part
of the deal, then Oyong may well go
on the back-burner ..... however,
no concrete news of Medco's intentions
for the assets have been forthcoming,
since the new bid.

Government approval for Oyong has yet
to be granted as well, so there may also
be some pressure to withhold this
decisions, until after the NVS takeover
has been sorted out.

Unless there's fresh news soon, CUE will
likely test the recent lows again .....

Since mid-1998 CUE has been range-trading
from 3.5-to-9.5, creating a huge base, during
that time.

Any break over 8.5 with volume, shouldl see
powerful upmove in CUE .....

hope this helps some.

yogi

smile.gif



--------------------
:)


No advice here. If you need advice seek a
professional, as all of the above is the
humble analysis of one techie and astrotrader.
Play it safe, please do your own research.



:)
 
34232
post Posted: May 27 2004, 10:31 AM
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Can you give me an update on Cue. Looks like Medco/NVS will go ahead. Does that put
Onyong on the back burner? What do you make of the stake taken a couple of weeks back and the foor at around 6 cents?

 
yogi-in-oz
post Posted: Mar 27 2004, 01:25 PM
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smile.gif

Hi folks,

Jeruk-1 P&A'd ..... may see some pressure on CUE now,
as that well was designed to prove up the extent of the
field in that lease, off Eastern Java.

Though they had some oil and gas shows, the fact that
have chosen not to proceed to target depth (TD) will
throw some doubt on their forward program in Oyong
too ..... especially, if the STO/NVS deal goes ahead.

If the Medco/NVS takeover goes ahead, then STO will
pick up most of the current NVS production in
Indonesia, that will mean that there will be less incentive
for them to develop Oyong quickly.

If Oyong is put on the back-burner for a while, then
CUE may well be squeezed out of this play .... and
if you believe that it can't happen, just take a look
at STO's history with junior oilers, in the Timor Sea.

Tight stops, as CUE drops ..... ???

happy trading all

yogi

smile.gif



--------------------
:)


No advice here. If you need advice seek a
professional, as all of the above is the
humble analysis of one techie and astrotrader.
Play it safe, please do your own research.



:)
 
Barrios
post Posted: Mar 26 2004, 06:32 AM
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Posts: 637
Thanks: 5


Obviously got a different clock to me...... mines still working.

I did sell some to protect profits, but letting most of it run still.



--------------------
PDYOR There is a good chance my advice is worth what you paid for it.
 
yogi-in-oz
post Posted: Mar 25 2004, 07:31 PM
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smile.gif



..... looks like that clock spring is running down fast.
and no indication of an exit, yet .....??

Looking for support on the downside around:

7.6 - 7.2 - 6.5 cents

happy trading all

yogi






--------------------
:)


No advice here. If you need advice seek a
professional, as all of the above is the
humble analysis of one techie and astrotrader.
Play it safe, please do your own research.



:)
 
Barrios
post Posted: Mar 23 2004, 04:59 PM
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Posts: 637
Thanks: 5


Strong finish today to close at 8.9c. Continued accumulation taking place as i have said on many occasions. I have no idea where its going or why, just glad i backed my instincts.

Apart from the director selling some on last peak at 8.5c everything has been running along like clockwork. cool.gif



--------------------
PDYOR There is a good chance my advice is worth what you paid for it.
 


yogi-in-oz
post Posted: Mar 3 2004, 12:15 PM
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smile.gif

Hi folks,

CUE hit our target today at 8.5, so we have
taken profits, as planned.

It has taken a little longer than expected,
but still a good ROI ..... smile.gif

happy days

yogi

----------------

smile.gif



--------------------
:)


No advice here. If you need advice seek a
professional, as all of the above is the
humble analysis of one techie and astrotrader.
Play it safe, please do your own research.



:)
 
Scarabeo7
post Posted: Feb 27 2004, 09:42 AM
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Posts: 129


The Perils of Funnymentals ...

Had been holding CUE for about 2.5 years largely on basis of Oyong and potential followups. Recently it seemed that
- progress on Oyong was slowing
- followups in the Sampang PSC didn't come through (Mangga non-commercial, Wortel prospect downgraded, CUE declined to participate in Jeruk, ...)

Then on Tuesday Santos's announcement presentation showed "Maleo/Oyong" scheduled somewhere into 06/07. That was enough for me, it looked like the downside under the sp at 7c was getting larger all the time. Sold on open next day.

And now what happens? - up over 8c .... Almost enough to convert a funnymentalist into an astrotrader .....

 
Barrios
post Posted: Feb 25 2004, 06:33 AM
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Further efforts at price capping yesterday at 7.1c with U seller, again as before with limited success. Removed in the afternoon.



--------------------
PDYOR There is a good chance my advice is worth what you paid for it.
 
yogi-in-oz
post Posted: Feb 23 2004, 01:36 PM
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Posts: 1,967
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smile.gif

Re: CUE ..... indians getting restless again ....

Hi folks,

CUE has just broken through another key
level of resistance at 7.0, possibly in
anticipation of some good news in the
STO report, due out tomorrow .....??

Ticking up nicely .....

happy trading all

yogi

P.S. .....holding CUE.

smile.gif





--------------------
:)


No advice here. If you need advice seek a
professional, as all of the above is the
humble analysis of one techie and astrotrader.
Play it safe, please do your own research.



:)
 
 


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