Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
over 900K on Venture.... Massive trading for SE which is normally 400K per day. geo
massive volume!!!! - Canada..... 800K in first hour trading.....somethings cooking????? http://cxa.marketwatch.com/tsx/en/market/quote.aspx?symbol=SE&x=14&y=13 IMHO/DYOR - Geo
Another big volume day in Canada, two buys >200K shares before 11am.... looks like major investors think this is the bottom. Could be serious upside from Syria. Q3 was a bit of a damp squib but the change of strategy to use N. Sea as income stream to feed more lucrative international ventures looks interesting. If Syria proves-up to expectation there will be more drilling there. It will be interesting to see where else they will bag some acreage. The SP track SHOULD be up from here, but with Stratic you never know. This SP would give a good entry point for any dithering investors, I can only see upside from here. The Canuk's reckon most of the downward pressure has been Tax-Loss selling, could be change in direction any time soon, and Syria results early Jan2010. IMHO/DYOR Geo
Turkey looks like a hit. Extract below: Exploration/Appraisal and Pre-Development Assets Crawford field development plan - alternative development concept utilizing jack-up drilling unit with production facilities on deck being considered; sanction of project deferred until 2010, pending completion of ongoing pre-development study work Bowmore - well suspended in August as a 'tight hole' for commercial reasons; further well on the licence planned in 2010 Al Tayr 101 exploration well (Stratic operator) spudded in Syria in October and currently operating satisfactorily at 1900 metres, with TD at 3000 metres expected early in the New Year West Ayazli exploration well in Turkey spudded in October and currently operating at TD. Novel low cost completion planned to facilitate early production of Kusuri gas bearing sands ........ This also suggests a Bowmore sidetrack???..... IMHO/DYOR - geo
The SP is largely dictated by Canada, Stratic are listed there as SE with no full stop. The UK volumes are normally very low but Stratic trade an average of c. 400K shares per day there. I give links earlier to get to the TMX site and BB's in Canada. Best of Luck to you with your investments. IMHO/DYOR - GeoChem.
Nice of you to drop by! I cannot give you advice on investment, should not and would not. Stratic are certainly not liked at the moment but I still view a lot of potential here. Some of this is dependent on the oil price, I am bullish on this over the next few years but the short term is not good. I dont see how production levels now are adequate for when the world economies start to recover so I see a return to circa $95/BBl and higher. Stratic are focussed on North Sea, they are unlikely to find an elephant field, very unlikely..... but the North Sea is a safe and stable region which gives good margins to operators. I hold Elephant hunters like PVR and SEY on the odds-bet that if they find they will rocket, and if they dont there is minimal downside, and baby-steps company builders like SE. I am hopeful that Stratic might build SP value nicely over the next couple of years but I have been wrong before. I think W. Don production is gradually being improved, there is a chance of some success between Turkey/Syria and that Crawford may move forward in 2010. There are also wildcards in Cairngorm and Bowmore [which I dont view as dead yet]. The folks at the top here are ex-Enterprise oil and I am confident they know what they are doing... however markets are impatient and over-react to hiccups, certainly today, the SP for stratic looks very attractive at these levels but I cannot use a crystal ball to tell you when OR if things will improve, this one is very much a DYOR-Geo
two quiet days trade after the strange day, looks like a false alarm on the T-O possibility.... Q3 results & Analysis Nov 30th, link to web conference available for those who hunt it down. There are some hopes of information on Turkey & Syria as well as a cross-the-board update on all operations. GLA, IMHO/DYOR - Geo
Over 1.5Million shares traded in Canada, this is speculation but on the basis that Turkey is unlikely to be significantly material, unless there is something in the deep zone entirely unexpected, Syria is long way from TD, W. Don is chugging on weakly with reserves mark-down, Longannesi sale did not inspire... by a process of elimination this seems to leave pre-amble to a take-over as the only plausible reason for the massive volumes..... any thoughts or comments out there????? - Will watch TMX carefully this PM. IMHO/DYOR - Geo
Massive buying in Canada, huge volume before lunchtime in Canada, over 600K already.... all kinds of rumours on the BB's but nothing firm.... ???????? What is happening? Anyone in UK have any ideas? IMHO/DYOR - Geo
Some news on the Turkey well should be coming in about ten days time. At this low SP holders hope a good piece of news here might present a boost. Good Luck all. IMHO/DYOR - Geo
Did not see this coming. Mainly the Canuk corporates seem to view the Italian sale as a disister and have sold off as this asset was on balance sheet at c.150mil where they got only c.50mil. I am quite happy to see debt paid down and no development commitments but the final nail seems to be performance at W.Don which is not inspirational. It would seem we are in the hands of Ptrofac there, this project does not seem to be a good advert for their project managemant/duty holder operations. Regardless of these negatives, this SP makes SE. a very attractive entry point and there is still potential upside from Turkey, Syria and resolving issues at W.Don.... and I am optimistic on the oil price helping out here too.. good luck to all holders, we could do with a bit of good luck for a change, the stats are on our side at least!!!! IMHO/DYOR ... GLA - geo
RNS out, Italy sale. Thanks GedW for posting that, saw the mystery SP rise and checked, nice to see that SE. listen to the holders and issue a RNS when material information is in the Public Domain. Should be news on Turkey in the next two/three weeks and a Syria update could be before end 2009. The Canuk boys reckon SE. are using a better rig on Al-Tayr which should put them in front of prognosis. With a tailwind on results, Stratic could just get on the move SPwise over the next few weeks, especially with this cash inflow sale. You have posted often in the past GedW, nice to see some of the old names crop up here, gives me some confidence that I am not alone in feeling that this outfit is undervalued. IMHO/DYOR, all the best - Geo
As Petrofac have commented on W. Don the canadian boards are indicating an RNS should be out any day to update investors on progress there, as the Petrofac report is now public domain, seems reasonable to me that a confirmatory RNS should be on it's way. Some news today of tensions in Syria though, should not affect the Syria drill with any luck. IMHO/DYOR - Geo
From Petrofac report today [22-10-09]. In Energy Developments, water injection has now commenced on the West Don field, Don Southwest water injection is due to come onstream before the end of the year and gas lift facilities have been commissioned and are currently being optimised. Intervention work on the completion blockage on one of the two production wells on the Don Southwest field will commence shortly, and while the outcome of this work will impact the level of production for the year, we expect total 2009 production to be within the 3 million to 5 million barrel range previously guided, albeit towards the lower end. We now have water injection which will improve production rates and a suggestion that gas lift is there too. The damage at SW Don does not affect Stratic, indeed it may help as the unit is currently export constrained due to one of the MOL pumps being down. This would allow more capacity for W. Don which would give improved returns to Stratic. Another good news story for SE. as the two exploration wells progress in Syria and Turkey. IMHO/DYOR - Geo
2 Drills started syria & turkey, Longanessi sale soon, good production rising on W. Don with good oil price prognosis, sidetrack on Bowmore to get real pay-sand next year... cairngorm & Crawford development 2010, even the SP starting to move back..... very strong indicators for SE. in 2010. IMHO/DYOR - Geo
I know about AST, actually worked with Jeremy many years ago. I had them on the possibles list a year ago but I really think I missed the boat and think their SP has everything built in already. It is all pretty much small stuff for them, no elephants, but they seem to be building revenue generators to allow them to move on to bigger adventures in a few years... I keep an eye on their forward plans, the swiss stuff intruiges.. Have not come across AUL but will take a peek. By the way, AST is an operation of the aussie guy who caused all the pain at CNR, Steinpries... thats another reason why I am a bit wary. Just at the moment I have pulled a few investments back to cash, a lot of talk of a retrace in Sept/Oct, just holding and watching SE in Canada, try to get the bottom, I am aiming for 24c, also watching IFR for if they hit 5c or less... I like their NWT stuff for the long term. Saw you were chatting on Oil price over the way, I am pretty sure $95/BBl is going to show up through the winter, the investor village SE page has an interesting one on that, DOE have significantly downgraded world supply, fits with what I know, many projects stalled, big supply gap coming..2012 my guess, possible $250/BBl, need to make sure I keep a good stock of oilies. - Geo
Interesting times for Stratic, Tried to buy a big block at 24c in Canada last night - did not go through, 28c was the floor & it rose at the end of trade. As for the other SE?... I am following the same strategy as you though I think ~5p is possible at end of week. Have done my calcs & I reckon the 1.3p stock is not worth the worry. My guess is that if I can sell close to 5p I will be able to buy back in at circa 3p when the dive happens, 2 for 5.... maybe better. This is a risk, but I think an educated gamble. I have not changed my position that I want to be in SEY in Q4, I still think Sangaw is transformational. I have another one like SEY which is for 2010, you might want to have a look and think about "bottom-draw"ing a few for mid 2010. It's PVR, Providence Resources, they are Elephant Hunting with Exxon off Ireland next year, 3p stock, v.big upside potential but a lot like SEY... if you DYOR you will see what I mean. I have had some back-pocketed for about six months, its just starting to flicker so have a looksee. SE. will come good mid-year to end I think, I will continue to hold/build during this downside period. Agree, ... steering clear of the SEY board until the big top comes down.... still watching though. All the best... Geo
Been in SEY for over a year... still in and staying... look at the TMX-money site for stockcodes WZR and VST and see what they did yesterday & over week-month... then form your own opinion. There is a link to the TMX site on one of the prior posts for stock codes IFR or SE, just retype the new codes and look. - DYOR/IMHO - geo
Webcast on Friday, 1530hrs. Link available through the last SE RNS. Might be worth a listen. Who knows on Bowmore, but Canuk's reckon gooood news on Longanasi sale and Syria spud along with good financials and forward plans for 2010. Increased my holding over the last few weeks with more in canada, see where this shakes out over the next few weeks before deciding if I will back more into SE. For those, of SEY inclinations, take a look on the TMX site at what VST & WZR did yesterday..... WOW. acually went in to buy but they had both gone WHOOOOSH... lets see if they drift back... WZR news due in Nov. IMHO/DYOR - Geo
.......SE ............Y... really not the place to do this but it is nice and private mikey, cannot understand why more people dont like good ol SE... but, SEY, this is situation is very tenuous right now, I think there is a GKP factor, buyers wanting in on KRG chance, and also there is some new BIG buying which may be to get the 1.3p stock. There is also the new Investors. Once the X-date is gone I can see a WHOLE lot of selling here, possible uber-spike before the X-day. Clearly SEY are protected by our USSR amigo until 30-12, I imagine that news out of KRG will by then make the SP unassailable for a cheapo T-O... but if they get their timing wrong???, what if inside people stall the rig, Sinopec/KNOC/Rus&Beardy... vulnerable. The SP is going to be a balancing act between the sell after X-date and the KRG spud nearing.. so, severe volatility - lets face it, even with these big buys, there will be mountains of shares after dilution. And then, what if DOB decides to fold his hand, or one of the other primaries, Ruffer/Gartmore, some must be considering with about 50% profit on a lot of their recent bought stock. So too many imponderables here. Despite the fact I would like to come back in fully, these prices are a NO for me and I will wait for another "fall" oportunity, if there isn't one, then I am quids in with what I have retained anyway. Disregarding the money, its a fairground ride anyway!! - IMHO/DYOR - Geo