Australia's largest stock trading and investment forum Australia's #1 stock forum

SEA

0.00%

16.5¢ sundance energy australia limited

Ann: Ceasing to be a substantial holder, page-6

First 6 Last

Share
Profile

Follow
moremoneyplease

2,558 Posts.

181

19/07/18

09:04

Post #: 34438842
Share

Originally posted by moremoneyplease ↑

I dont necessarily think its bad news.

I noted before one of the issues on the CR as their was not to many real conerstone investors who had a long term view. They raise money to get SEA over the line (for whatever reason) then took profit. It was never the intention to hold LT therefore you dont have the investors driving the price upward in short and medium tem. Example I specifically mentioned packer as a bad idea as there is no way he is going to hold sea (well imo) LT just didnt make sense other then 4 the quick 20%

What you get is a classic pump and dump scenario exacerbated by Morgans. What needs to happen now is for the fundamentals to take over to drive higher - everything we see to date was expected - i just not sure yet if its all washed out. The sp wont really rise until you see real prodn numbers coming out and how they are tracking against guidance.

You c management trying to give some info but its half hearted as they know that next year they will need more money b4 they will have positive cashflow.

Now alittle blip in oil may have some immediate impact but i still think we will be seeing 90$ a barrel next year just when SEA should be a fair way down ramping up. Right now its good to have barrels in the ground.

The issue here is cash and hedge management - you get those two things right then you half way there - u of course need the effecient prodn to complete the picture. Yeppidity yeepidity dont listen to anyone that works for Morgans they are full of BS

Expand

nice spike at eod on snde

i suggest we close today at 7.5 - oil looks like supported from lower trendline and demand is very strong. Oil will improve rest of week as will aussie oilers - osh, wpl etc etc

SEA Price at posting: 7.1¢ Sentiment: Buy Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Revolutionary inverter technology leads the clean energy charge

SGQ

St George shares rise 20% on Brazilian niobium acquisition

Wealth Within: Why the stock market isn't going to crash and more with Dale Gillham

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

From the Floor with Kim Beazley at Diggers and Dealers 2024