"Beach Energy have announced that Halliburton have finished fraccing there Encounter-1 well and the spread will be released and be returning the the cooper basin to frac there other well June/July."
Certainly good news for NWE holders ! :)
If it drops below 0.058 who knows how low it could go, I doubt it but it could be possible to see mid 4s again. It will be interesting to see what the price gets too before the FRAC, As always time tells the truth.
It's well and truly undervalued.
They will be in takeover territory in the 300+ million mkt cap IMO.
We will see the true potential after the flow results, Because at the end of the day it's all about the flow....
Surprised this came out as a positive, sold out at 8.8c.
Hate the uncertainty in this stock , So many things going on behind closed doors , Good long term investment , But at the moment I'm more than happy to step aside and watch this story unravel :rolleyes:
Back in today on open , 8.5c is the resistance by the looks of things.
Hopefully a late break today and push through that resistance in true NWE style.
Daniel,
I'm 18 and started trading 3 months ago been following the share market since I was 15.
The ASX share trading game is great (Because you cannot trade until your 18YO), Games like that HELP a lot ! , getting to understand how bid/quote and fill etc feels.
I Suggest working hard...
Wow there are a lot of rumors and speculation floating around !
People seem to be trying to pump this TH up (JV with other companies over there coal etc) I personally think some Insider info was leaked before the TH :(
We will wait and see and IMO the result will be negative ,I think this...
Trading halt put in place due to " Changing key company management personnel " Maybe There changing management hoping the takeover won't happen ? But I can't believe a European research company valued CTP at around half a billion :eek: But you never know with European "research" companies hahaha...
WOW there has been some weird trades on this in the last few minutes, a heap valued at like 7-50 dollars.
This morning looked like a bit of an accumulation session though. Support seems to be holding well :)
Today was nothing of a surprise , after such an increase two days in a row from no info other than breaking resistance, It was very expected , It seems to have a fair bit of support between 6.6-6.8 , The stock may get another boost before drilling from the seismic surveys on Wessex , But who...
You have a good point , I know I should take the profit , But I really do think NWE have a good Potential , Although now I do have some breathing room , I have a stop in place and if that is triggered so be it I will still be very happy :)
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