The realization that new taxes imposed on the resource sector will not affect the petroleum industry (unless there are onshore prospects), has triggered off the momentum once again for growth stocks like CUE.
Australia is, according to all analysts in boom times and will continue to experience this for the foreseable future
What will be the catalyst for future price upswings in CUE's share price
Timetable
A tick from FIRB (foreign investment review board)of approval for Petrobras/Artemis/Meo deal. My guess is sometime this month
Signing off on Woodside/Caterina/Cue farm out deal. My guess is sometime this month
Confirmed date for drilling of Well - 1 at Artemis. Meo have hinted at last quarter of calender year
The financial report from CUE for the last quarter of financial year 2010. This will include the disclosure of record revenue receipts from all its production fields.
A schedule for the drilling of the Woodside/Caterina prospect
All in all, the company has a potentially fantastic future.
I am excited
Stay tuned
CUE Price at posting:
29.0¢ Sentiment: LT Buy Disclosure: Held
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