OIL stocks

Santos suffers savage sell-off on Standard & Poor's ratings downgrade

Credit Rating agency made cut to oil price expectations and lowered Santos credit rating overnight.
Debt looks a big complication for the company - one analyst talking about squeeze ahead as Santos must deal with maturing debt while also committing to fresh round of investment in Gladstone LNG.
Also what if oil expectations of Rating Agencies is lowered gain?
Chart is a frightener imo - not talking about ST bounce, that's possible I guess.
 
finicky said:
Santos suffers savage sell-off on Standard & Poor's ratings downgrade

Credit Rating agency made cut to oil price expectations and lowered Santos credit rating overnight.
Debt looks a big complication for the company - one analyst talking about squeeze ahead as Santos must deal with maturing debt while also committing to fresh round of investment in Gladstone LNG.
Also what if oil expectations of Rating Agencies is lowered gain?
Chart is a frightener imo - not talking about ST bounce, that's possible I guess.
Click to expand...


Yeap "retro" prices from 2004..... I like it....
 
Video

Rudi Filapek-Vandyck was predicting on 27 Nov that due to high cost of production "some day Santos will be the Atlas Iron (AGO) of the oil and gas sector". Coincidentally it was that night that OPEC's statement plunged the crude price and STO gapped down severely next day.
 
I'm not convinced oil is right at the bottom- but it's now close enough for me to buy myself some exposure (medium term not looking to trade out quickly)
 
Call me crazy or nuttz but, I've got my last parcel on this sucker today at the close..... man...

bird told me that there were a "flock" of emails to the directors this week.... not sure if credibility will comeback quickly after the ann's this arvo after the close....

Time will tell but......for the share price... I LIKE IT.....:rolleyes:
 
OSH showing more strength than the other (@Lunar). Doesn't look buyable as a chart to me though as it looks like it could deteriorate?

Going down the scale, maybe Drillsearch (DLS) will become buyable? Had a few people showing interest at higher prices than this,
The Quarterly chart shown (i.e. 3 monthly periods) and it could be viewed as double topping in 2012 and 2014, with the trough inbetween @ 90c breached in last two weeks with increasing volume.
I think the management just communicated to the market that it is taking measures, e.g. bought put options for quite a lot of barrels @ $70 in addition to forward hedging already held @ $90, but price still dropped. Sentiment as revealed in chart trumps news.
What I like about DLS for a watch so far is a few people watching it, like Claude now at Motley Fool and the chartist in vid link below. Also crucially it doesn't have debt issue - stocksinvalue rate it 5 full stars for financial health and on 12-Nov-2014 valued it at $1.12 on then estimated fy15 earnings

Oil Price, Santos, Drillsearch and Senex Charts

[imgz=http://forums.silverstackers.com/uploads/1893_dls_qrly_dec_13.gif]
1893_dls_qrly_dec_13.gif
[/imgz]
 
Dipped my toe into LNCO. Plan on adding as it goes down, down, down. Anyone well versed on independent producers that have hedged most/all of their production. The three I am studying are:

LINE/LNCO, MEMP & BBEP.
 
Oil dropped another $2 a barrel since asx close. It's going to be a bloodbath for oil stocks monday morning
 
trader10 said:
Call me crazy or nuttz but, I've got my last parcel on this sucker today at the close..... man...

bird told me that there were a "flock" of emails to the directors this week.... not sure if credibility will comeback quickly after the ann's this arvo after the close....

Time will tell but......for the share price... I LIKE IT.....:rolleyes:
Click to expand...

I see the directors are on top of things doing everything to bring confidence back to the stock.....

We could well see a small rebound on oil this week and a great rise on oversold stocks like Santos... liking it a lot ! :)
 
You certainly are a cheerful optimistic fellow trader10, I'll have to pay that.
Any view on DLS?
 
finicky said:
You certainly are a cheerful optimistic fellow trader10, I'll have to pay that.
Any view on DLS?
Click to expand...

DLS has work with Santos, they have plenty of projects going and also have cash to spare....their chart is not as dramatic than Santos but, it also have plenty of potential....

MACD has not falling of the cliff as Santos..... I really like Santos at this levels..... and oil at 54.... wow...... it will not last that long.... next year will be all over red rover and oversold companies that have good projects and are cashed up will rebound nicely.....


I hope you find yourself some nice oiler to hold on to it..... cheers

T10
 
Looks like another day of rises on OIL stocks in OZ land.... my "timeframe" for this trade could be shaping up to a good timing......


I hope to hear some interesting OIL news in the next couple of weeks ahead...... ;)
 
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