I started posting in the 'day traders' thread about CUE a few weeks ago when it was 23.5 cents, its now 31.5 cents.
I told them it was under the radar and not typically a market darling but would get noticed due to the probability of success with the 2012 drilling program and strong fundamentals.
So far, so good, just as i said. Go Back and read my posts its there as clear as day.
Plenty more upside potential in this one yet, particularly given the tight register.
The bot who is working the depth is accumulating and is trying desperately to keep the share price down. Sooner or later he will get his fill and take the brakes off.
I'll come back over the next few weeks to discuss.
Like i said though, a positive announcement will come very shortly when they reconfirm the 107ft high pressure gas zone in this side track well. However, i am hoping for more hydrocarbons before they hit TD of 5500ft.
So far in this hole they have 187ft of hydrocarbons and it is located immediately adjacent to another producing field owned by other with pipe line infrastructure so should be able to cheaply and easily hook up and bring into production.
Do yourself a favour and go read some of their recent presentations or listen to the CEO video here: http://www.cuenrg.com/index.php?option=com_content&task=view&id=14&Itemid=53
