Read 62strats post re previous high volume in 2008 (original 11.6 Billion barrel presentation) .
Difference this time is that the shareprice is more than half the price with approximately the same amount of shares, and NDO has approx 10000 bopd production now .
Much better to be buying masses now than in 2008 .
The recent rise has been pretty much the same dynamic everyday with big buys and big sells, bulls and bears of substance .
There is obviously a change of top 20 guard occuring and I have a sneaky feeling that the big buyer may be lining NDO up in it's cross hairs for corporate action - at minimum a controlling stake.
I also wouldn't put it past a predator to buy a swathe of shares and then use some to supress the shareprice and traders . Possibly the reason the VWAP on a few days recently has been higher than the closing price .
Obviously, NDO has been playing hardball in farmout negotiations (justifiably, imo) and whoever Morgan Stanley represents may be a corporate predator I refer to .
Short term shareprice is anyone's guess, but I doubt whether the shareprice will slip back into it's old range . The volume today was 'out of the stadium' and whilst many of us here want the longterm gain ..... we may not get a say in it as those who may once have blocked a takeover in nDO maybe selling willingly .
The director buying at today's premium is very encouraging that everything he knows on the "inside" is as we would desire, as investors on the outside .
So, if I am right and NDO may be a near term corporate target, who could it be taking a shot ?
CNOOC ? (near market Asian operator)
Shell ? (knows the fields and country)
BHP? (has been doing DD on OEL)
Exxon ? (has recently made a large local discovery)
My hunch is Exxon .
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Read 62strats post re previous high volume in 2008 (original...
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Last
83.0¢ |
Change
0.003(0.30%) |
Mkt cap ! $189.2M |
Open | High | Low | Value | Volume |
83.0¢ | 83.0¢ | 83.0¢ | $2 | 2 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 211 | 83.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
83.5¢ | 2 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 211 | 0.830 |
2 | 7341 | 0.810 |
1 | 7700 | 0.805 |
1 | 7500 | 0.800 |
1 | 5000 | 0.780 |
Price($) | Vol. | No. |
---|---|---|
0.835 | 2 | 1 |
0.845 | 1476 | 1 |
0.850 | 5434 | 1 |
0.880 | 6000 | 1 |
0.890 | 6612 | 1 |
Last trade - 10.06am 13/09/2024 (20 minute delay) ? |
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NDO (ASX) Chart |