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SEH, SINO GAS & ENERGY HOLDINGS LIMITED
flower
post Posted: Dec 17 2014, 10:03 AM
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Sino Gas - Letter to Shareholders ( in which he said that the Chinese Government had recently increased the POG produced in this area to USD9.5mscf).
http://www.asx.com.au/asx/statistics/displ...;idsId=01585482



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flower
post Posted: Dec 6 2014, 07:09 PM
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In Reply To: wren's post @ Dec 6 2014, 02:16 PM

QUOTE
I really don't understand your share trading approach


Re SEH: Safety First, Capital Preservation, call it what you will. We are getting close to the silly season, nothing wrong, everything right with SEH. Just don't want to be involved with SEH right now, probably the wrong call but that's my problem.

Mainly now in cash, exceptions CVN, and SUR which is probably doomed.



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wren
post Posted: Dec 6 2014, 02:16 PM
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flower,
I really don't understand your share trading approach.
For a long time you have posted favourably about SEH.The latest such post was Dec 1st where you listed all the reasons to own SEH.At that time POO was about the same price as it is today.
Then,on Dec 5th you tell us you sold SEH because it "seems to be going nowhere".
Given that you have criticised the the 'Casino' nature of the Stock Market many times,and your frequently stated view that Fundamentals are all that matter,why did you sell just three days after a glowing assessment of the company?

 
flower
post Posted: Dec 5 2014, 04:40 PM
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In Reply To: flower's post @ Dec 1 2014, 07:12 PM

QUOTE
Disclosure: Happy to hold.


Not any longer, SEH seems to be going nowhere. Sold and broke even.



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flower
post Posted: Dec 1 2014, 07:12 PM
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In Reply To: flower's post @ Dec 1 2014, 06:09 PM

Apparently SEH will be drilling some 30 wells in 2015, mixture of exploration, development, and horizontal.

It is fully funded for these wells, has USD50m in cash, debt of USD10m, plus a large undrawn facility in USD.

In other words, it's future is bright quite regardless of todays sell off and the POO, put simply China is gas hungry, SEH will supply as much as they can produce at excellent recently negotiated prices, todays sell off given the Fundamentals of this project is quite irrational--IMHO.

Disclosure: Happy to hold.



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flower
post Posted: Dec 1 2014, 06:09 PM
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In Reply To: walbrook's post @ Dec 1 2014, 04:04 PM

QUOTE
Not sure whats going on, a lot of selling into the ann. and a big dump after market.
I guess people are panicking with the oil prices plunging.


W: That's the way it looks--panic selling. Natural gas is in heavy demand within China, more so for Gas produced within China itself, SEH ticks all these boxes.

Don't know how the price SEH is receiving for the gas now in production compares with world wide prices--- SEH have negotiated USD9.50 per thousand standard cubic feet as their initial sale price with a local industrial user.

Initial production seems to be at about one third of the 2015 planned full production rate, so SEH is now getting profitable cash flows, today is not the best of days to make such an announcement, but do know MIE have great plans going forward for their JV with SEH.

How the US reacts tonight to the last 3 trading days whilst they have been on Thanksgiving holiday is going to be mighty interesting.



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walbrook
post Posted: Dec 1 2014, 04:04 PM
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In Reply To: flower's post @ Dec 1 2014, 10:16 AM

Not sure whats going on, a lot of selling into the ann. and a big dump after market.
I guess people are panicking with the oil prices plunging.

 
flower
post Posted: Dec 1 2014, 10:16 AM
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In Reply To: flower's post @ Dec 1 2014, 08:34 AM

Doubled holding as gas starts being produced.



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flower
post Posted: Dec 1 2014, 08:34 AM
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In Reply To: flower's post @ Nov 24 2014, 09:56 AM

Promise of first gas production and sale by the end of the year fulfilled. Excellent news, from top class management.
Disclosure: poster holds SEH.
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Sino Gas - First Gas Sales from Pilot Production Program
http://www.asx.com.au/asx/statistics/displ...;idsId=01580397



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flower
post Posted: Nov 24 2014, 09:56 AM
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All appears to be on track:
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Sino Gas - October Monthly Operations Report
http://www.asx.com.au/asx/statistics/displ...;idsId=01577061



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