Norwest Energy?

Discussion in 'Stocks & Derivatives' started by boneyard, Apr 6, 2011.

  1. boneyard

    boneyard Well-Known Member Silver Stacker

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  2. SilverSanchez

    SilverSanchez Active Member

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    What do you think about them first.
     
  3. SilverSanchez

    SilverSanchez Active Member

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    Directors are money men, peak production only 3 years away (gotta assume low success rate of other drills untill evidence to the contrary)
    Natural gas prices fundamentally are low and look staying there for a bit. Me personally if im going into gas, I want better odds and more assurance of longevity without heavy dilution of shares.
     
  4. SilverSanchez

    SilverSanchez Active Member

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    Evaluating Juniors...
    Flagship project (quality and quantity?)
    Share Structure (tight?)
    Directors and Managment (history of honesty, meeting said target dates, qualifications?)

    I hate too many shares being on issue - makes the stock volitile and means profit shared amoung more people for oil and gas - hard to say yes for me

    Again what do you think?
     
  5. boneyard

    boneyard Well-Known Member Silver Stacker

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    What do I think?

    I am a mug punter.

    Stock market is to be played with.
    I have some play money.
    only in 2 stocks ATM.

    One has gained 145%

    Got in @42.7c
    Is now $1.05
    AKM
    ASPIRE MINING LTD FPO (ORDINARY FULLY PAID)

    2,500 2,500 0 0.427 1.050 2,625.00 1,558 145.90 0.060 150.00

    The other is CGT
    CGT
    CASTLEMAINE FPO (ORDINARY FULLY PAID)

    24,000 24,000 0 0.041 0.049 1,176.00 187 18.93 0.001 24.00

    Got in @4.1 c
    Now 4.9c

    So the digital fiat profit gained from AKM has given me about $1500 to play with.



    Thanks for your words.
    looking forward to some input from others also.
     
  6. Smoothcriminal

    Smoothcriminal New Member Silver Stacker

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    Complete opposite on the gas prices - the earthquake in Japan is lifting prices sharply as Japan buys gas to provide energy in place of nuclear power (36% of they're nuclear capacity is down atm) they are currently buying alot of gas which is pushing spot upwards. Gas looks pretty good atm IMO
     
  7. SilverSanchez

    SilverSanchez Active Member

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    You might be right smooth, but I still want a very strong gas/oil stock to enter into, rather than take chances. Im not much of a trader I like buy and hold in long term trends of the underlying comodity. Thats why im in silver, gold, rare earths and uranium. oil is too scary, Gas is confusing and I have thorium covered just in case.
     
  8. Blame_Game

    Blame_Game New Member

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    Look at Beach Energy (BPT)
     
  9. boneyard

    boneyard Well-Known Member Silver Stacker

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    And why didn't you tell us when the price was under 65c in Oct and not now when the price is over $1.05?????

    This is what I mean, give me some input ( anybody/everybody) on your stocks to watch/buy.
     
  10. SilverSanchez

    SilverSanchez Active Member

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    Stuart Petrolium (STU) - refinery and oil production being taken over by asx:SXY (use to be called Victoria Energy, duno their new name)

    Horizon Oil (HZN) - producer oil NZ and PNG
     
  11. boneyard

    boneyard Well-Known Member Silver Stacker

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    Great stuff.

    This is what I mean.

    Give me info to digest.

    Cheers..............
     
  12. Blame_Game

    Blame_Game New Member

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    I didn't know about it in October.

    In-fact one of my first posts on SS in January was asking about oil producers. Since then I discovered Beach and I think its a good company; however my view on stocks has changed and I don't own it. I own 5 stocks and they are gold/silver related.......CCU, FML, MKO, SVL and ARD (soon some USN).

    Personally, I wont buy any more stocks until the end of June so I can see what becomes of QE II and future liquidity.
     
  13. SilverSanchez

    SilverSanchez Active Member

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    Thats a good idea. Does anyone know how carbon tax will effect PM miners? How about raising fuel costs for PM emerging producers? Will it raise the cash cost per ounce much? I mean trucks still run on fuel - petrol prices are a big cost for miners.
     
  14. heartastack

    heartastack Well-Known Member Silver Stacker

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    GDO is worth at least double based on the gold price x # of ounces alone... hailed by some as the most undervalued gold play on the asx?
     
  15. SilverSanchez

    SilverSanchez Active Member

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    GDO is rubbish - explain to me why its so good? :)
     

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