Junior Oil Companies. ASX, Which junior oil/gas exploration companies. Why?

[Nick1970]

In Reply To: flower's post @ May 18 2013, 02:21 PM

Energy sector gone LOW risk on Friday according to my scans so could be a good idea.

[flower]

With Nymex oil threatening the USD100 pb area once again, probably high time to start looking at all ASX oil stocks which should be rallying in step with Nymex crude, Tappis, and Brent

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[annaliese]

For those interested in a punt around mid year Neon Energy is worth a look.

Neon has gone backward through 2012 mainly due to a long winded project which is still yet to produce a result in terms of oil flow or reserves/resources. Its had the effect of wearing out many of the current holders. This has dropped Neon to a base area of 20-25cps which is not a bad platform for whats coming later in the year.

Neon is to be free carried through two wells in Vietnam. Neon has farmed down last year to Italian oil giant" ENI" which is a top 10 oil company.

At stake is a 25% share to Neon of a potential 611MB target in Block 120 (summary: http://neonenergy.com/activities/vietnam/block-120 ) and another 25% in a 3.9TCF gas target in Block 105 (summary: http://neonenergy.com/activities/vietnam/block-105 )

Its a little premature just yet as rigs are yet to be contracted so the timing of June is merely an intention at this point. The joint venture is currently in discussions with rig operators and hopes to make an announcemnt shortly.

This scenario reminds alot of Hardmans huge rise after its discovery at Chinguetti in Mauritania.

Neon will partake in two wells each of which could yield on success something a little over 150MBoe, 300MBoe in total to Neon.

If either of these wells were succesfull Neon would be propelled from the ranks of junior oiler to mid tier oiler.

One to watch in my opinion.

I hold.

[nipper]

In Reply To: flower's post @ Dec 28 2012, 04:16 PM

a good chart 05 Dec 2012 at the Investor Morning conference

- plot of BPT share price Versus ASX energy index - showing BPT outperforming, but also more volatile; with a high Beta

Nov '11 to Mar '12 - UP - driven by the thematic of unconventional gas
Mar '12 to Jul '12 - DOWN - entry to ASX100, stock shorting, Macro themes driving oil price down, Capital raising
Jul '12 to present - UP - Momentum back in shareprice, stable oil price to rising

[flower]

In Reply To: arty's post @ Dec 28 2012, 03:26 PM

but then again, when I want to assess an oiler - junior, senior, or in-between - I prefer to look at their respective chart.

However, should the average punter still be emersed in brandy butter he probably would not notice the strength of both Tapis and WTI oils, once alerted he could then refer to a chart of an ASX oil stock, since ---usually the ASX oil producers move in tandem with the oil price

[arty]

In Reply To: wren's post @ Dec 28 2012, 03:05 PM

The one-year EMA is often resistance. And if Light Crude plays the percentages, we may soon be able to agree as facts become evident - and the chart shows nothing but facts. Mind you, the last tick appears to have crossed above the Volatility Envelope, suggesting a reprieve from the last Bear leg. But for the year-long sequence of Lower Highs (i.e. downtrend) to be broken, I reckon we need to see at least a breakout from the triangle, or $95 at the least. A Higher High, required to break the sequence, would even require $100+ on this chart.



Sorry, couldn't find a comparable chart for Tapis (only one "P", and no need to use all caps); but then again, when I want to assess an oiler - junior, senior, or in-between - I prefer to look at their respective chart.

[wren]

In Reply To: flower's post @ Dec 28 2012, 03:00 PM

May have to agree to disagree on the chart reading!

[flower]

In Reply To: wren's post @ Dec 28 2012, 02:37 PM

"the price of West Texas and TAPPIS oil are going gangbusters,"

"in the context of a US economy falling over the cliff"---2 charts

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[wren]

In Reply To: flower's post @ Dec 28 2012, 12:58 PM

"the price of West Texas and TAPPIS oil are going gangbusters,"

Maybe too much good cheer over the last couple of days,however looked at your chart as it is presented,upside down and as a mirror image. Just can't get it to say 'gangbusters'.

[flower]

It's very strange that amongst all this doom and gloom created by the impending "fiscal cliff" that the price of West Texas and TAPPIS oil are going gangbusters, strange in that one might have thought that oil consumption would have dropped in the face of "the cliff", but not so.

Why? could it be that the FED will be forced into even more money manufacturing/USD debasement the further we fall over the cliff?

When we all recover from the NY revels, it is just those junior ASX oil companies that might benefit most, In fact the whole oil sector warrants close watching along with the PM sector--IMHO


2charts--West Texas Comex futures, and spot TAPPIS.

Have a happy and safe end to 2012, 2013 might just be a ripper--if one is in the correct sector which is---

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