ARQ - Arc Energy

[Bonk]

ARQ : WILL SET THE PACE with big production and cashflow in this weeks quarterly . This will show COE and other oilers how it is done at the top ~!

EXPLORATION : Dongara-33 is testing 10BCF reserve . Should have nice flow expected to be near 5mmcuftd if it is anything like Dongara-34 . These are all part of the Aranoo gasfield ~!

Next well will be the CORYBAS delineation well . It will be called Yardarino-6 . It is said unofficially that the Elegans gasfield area has reserves of several hundreds of BCF ; with 100BCF recoverable .

Following on will be the return to Jingermia oilfield , with Jingermia - 5 well ..... this is under 3D seismic , and should increase reserves significantly , not to mention increased production by 1000bopd+

It is expected that Rig #11 will then commence the main oil 3D seismic based program consisting of 6-12 wells .

Rig #16 will r /e Turantula-1st and this to should be very positive for ARQ gas production. We will have to see if this rig joins its brother rig in the oil campaign ?????

The above is based on my research and may be taken as a guide ONLY . DYOR , and buy ARQ to get rich quick...........

Hold significant ARQ shares .

 

[GreatPig]

Re: ARQ = STOCK OF THE YEAR 2005

Bonk,

I think one ramp for ARQ would have been enough.

IMO, from a technical point of view, they are currently about 40% odd over-priced. Unless things change dramatically, I wouldn't consider an entry unless the price got down to around $1.20 or so.

Despite the upward movement of the last few days, I think they're still on a short-term down trend, with a fair possibility of getting back to the $1.20 - $1.30 area in the not-too-distant future.

And if I really polish up the crystal ball, hold a wet finger up to the wind, and read a few tea leaves, I'd anticipate another price fall on Tuesday. But this is, of course, pure speculation based on very little.

Oh... and just to balance the ramp a bit...

I heard ARQ's going broke!!! SELL, SELL, SELL, SELL!!!

GP

 

[RichKid]

Re: ARQ = STOCK OF THE YEAR 2005

Bonk,

I think one ramp for ARQ would have been enough.

IMO, from a technical point of view, they are currently about 40% odd over-priced. Unless things change dramatically, I wouldn't consider an entry unless the price got down to around $1.20 or so.

Despite the upward movement of the last few days, I think they're still on a short-term down trend, with a fair possibility of getting back to the $1.20 - $1.30 area in the not-too-distant future.

And if I really polish up the crystal ball, hold a wet finger up to the wind, and read a few tea leaves, I'd anticipate another price fall on Tuesday. But this is, of course, pure speculation based on very little.

Oh... and just to balance the ramp a bit...

I heard ARQ's going broke!!! SELL, SELL, SELL, SELL!!!

GP

Agree with you GP, looks like it's retracing and returning to trend, think it may bounce closer to 1.30 though. A fibbonnaci study would be good for the recent downtrend. Watch the price of oil, always an influence on oil stocks but this one looks like it's just gone up way too far.

 

[RichKid]

Re: ARQ ARC Energy

ARQ now around 2.09, a recent presentation said some work coming up in October and lots of wells over the next year. Approaching all time highs, I'm watching for a breakout as it has bounced off a recent trendline. Doing some drilling with ORG, more leverage via ARQ for those wells.

 

[The Once-ler]

Re: ARQ ARC Energy

I really can't see how ARQ could be overvalued.

It has a really low PE as you would expect of an established producer, but it has no debt, heaps of cash, and a big continueing drilling program. In my opinion, there is not much downside due to the low PE, but plenty of upside and blue sky. Just the sort of company I like.

I hold.

Good luck.

 

[RichKid]

Re: ARQ ARC Energy

A very poor story recently for ARQ, lots of red down days, has steadily fallen. No sign of halting yet, oil price falling doesn't help, lots of oil juniors have taken hits. Wonder when the next big exploration date is...

 

[RichKid]

Re: ARQ ARC Energy

Ok, I think we've seen a moderate to major bottom here in ARQ and with the oil price appearing to prepare for a retest of the all time highs around US$70 I expect the oilers to start running again, it's when the whole crowd joins in that prices spike so now is the time for early entries imo. Arc Energy is an established producer with diversified interests looking to expand, it's not just one well in the middle of nowhere. Busy exploration schedule ahead.

The chart shows a consolidation/reversal pattern imo, prices rejected lower levels and then raced up to near the top area of that box, now retracing but firmly above the lows of last month. While this isn't the strongest confirmation I believe the worst of this decline has ended. The key is higher prices on higher volume imo so that hasn't ocurred yet but I expect it will soon.

Please note that I often get these charts wrong and we could well see some selling to even lower levels than last month so be wary. I'm not sure if that 'key reversal' day qualifies as one technically (Strictly speaking) as the prices didn't close above the open but it was a strong signal that the decline had ended and was confirmed on the subsequent days.

 

[TjamesX]

Re: ARQ ARC Energy

With you on this one RK, I purchased ARQ and AWE about 1 month ago looking for a rebound in oil prices.... so far ARQ has gone nowhere but AWE up 12%.

I'm still bullish on ARQ - and oil in general, may get some more now that the oil price is rebounding. I believe a couple of brokers have a buy rating on this one (price targeting $2 - $2.10).

See what happens

 

[RichKid]

Re: ARQ ARC Energy

With you on this one RK, I purchased ARQ and AWE about 1 month ago looking for a rebound in oil prices.... so far ARQ has gone nowhere but AWE up 12%.

I'm still bullish on ARQ - and oil in general, may get some more now that the oil price is rebounding. I believe a couple of brokers have a buy rating on this one (price targeting $2 - $2.10).

See what happens

Hey TJ,
I hold both as well, have been stopped out before, same basis as you for purchase plus technical patterns. ARQ is a slow mover atm but these bases take time, people would have been shaken out during that reversal spike, I do note broker views but don't place that much emphasis on them generally.

Good news today but the last well was a duster and that's what weakened it before imo apart from the oil price. Let's see how this goes, bad news from the testing will really test that support level imo. A positive close today (not shown on last graph) butwe need more volume.

 

[GreatPig]

Re: ARQ ARC Energy

I've been considering ARQ recently as well, but don't have any spare funds at the moment.

If it's still looking good after my next sale, I might get some.

Cheers,
GP

 

[Dutchy3]

Re: ARQ ARC Energy

BIG WHITE NEW AIR HEAVY VOLUME

 

[RichKid]

Re: ARQ ARC Energy

Looking to pyramid once support is established and a new pattern is clearer. Huge volume today, couldn't believe it. Need confirmation now.

 

[Amarillo Slim]

Hey guys,

Any recent views on Arc, I've had it on my watchlist since July '04 when it was about 80c. It's about $1.50ish now, with a PE ratio half of others in it's sector and with what looks like very enticing profit figures.

Anyone care to comment?

Cheers...AS

 

[RichKid]

Hey guys,

Any recent views on Arc, I've had it on my watchlist since July '04 when it was about 80c. It's about $1.50ish now, with a PE ratio half of others in it's sector and with what looks like very enticing profit figures.

Anyone care to comment?

Cheers...AS

Hey Amarillo,
I got stopped out of it recently, a lull in exploration activity and a bearish oil price have seen it slide imo. I sold because it broke a support level. Will look to enter again but not yet, some nice support appearing recently but it may have further sellers to overcome.

 

[Lachlan6]

G'day amarillo slim. Well you may be a hardcore fundamentalist, I am a hardcore chartist. Anyway ARQ from one glance at the weekly chart poses a few problems. Since reaching its all time high in October last year, it has collapsed and is only being saved by support at $1.48 currently. If ARQ falls through this level, watch out for much bigger falls. From there it would probably have new support at $1.13, fibonacci level. This stock is a very good example of bearish divergence working its magic. It had huge bearish divergence in the RSI from its highs in March 2005 and October 2005, one of the surest signals of predicted weakness. Its in oil though cant be a bad thing, however will be if that $1.48 level is breached imo.

 

[3 veiws of a secret]

Well Lachlan6 ,what do your hardcore charts suggest with ARQ.It seems todays prices of $1.53>1.55 seems pretty ripe for pickings.
At present ,I hope some of the prices you've mention will test my patience.Have speculated on this stock with considerable returns...... :dance:

 

[RichKid]

Well Lachlan6 ,what do your hardcore charts suggest with ARQ.It seems todays prices of $1.53>1.55 seems pretty ripe for pickings.
At present ,I hope some of the prices you've mention will test my patience.Have speculated on this stock with considerable returns...... :dance:

It has broken a minor diagonal support line today, not good if it closes below that, much selling at levels above this, I expect that recent low to be re-tested, best to find an oil stock in a strong uptrend imho. I like this stock but not to buy atm.

 

[3 veiws of a secret]

Rich Kid .....your thoughts most appreciated!
At present there is 145K shares in the buyers column @1.53.......anxious moments! and quiet unusual for this share.What does the market know that I don't know!
Nice weekend!

 

[RichKid]

Rich Kid .....your thoughts most appreciated!
At present there is 145K shares in the buyers column @1.53.......anxious moments! and quiet unusual for this share.What does the market know that I don't know!
Nice weekend!

Hi 3views!
Good to hear from a fellow ARQ follower, I try not to put too much emphasis on the depth unless something really stands out. Price comes foremost imho. I hope this works out well for you.

 

[3 veiws of a secret]

With just a hint of mayhem,this share is going places.I will buy and sell this share throughout,next financial year .Unfortunately ,the current price and lines involved today is bait enough.I need therapy....or back to basics .....a glass of wine!