Urals Energy Share Discussion Threads

[matt19] 19/5/2009 08:15

This mean we are going Up!

[mlightfoot] 19/5/2009 08:15

Hate to say it, but I can see a red day today, unless the sellers are plugged or run out, these smallish sells will bring it down as the frequency is consistent at the moment!

[jcgswims] 19/5/2009 08:07

Limits 100k each 8.5/8.6 v 9.2/9.49 depending on the amount :)

.. Now 4 v 1 WINS joining the bid

[jcgswims] 19/5/2009 08:01

Looks like we are opening 3 v 1 with just EVO on the offer :)

[jonnyfro] 19/5/2009 07:58

Morning chway - lets hope for a blue day here, cant remember the last one :-(

[chway14] 19/5/2009 07:55

Some late big trades after close yesterday.

1 9p ...100000 18/5/09 16:34:50
2 8.3p .150000 18/5/09 16:34:04
3 9.25p 100000 18/5/09 16:32:24

[chway14] 19/5/2009 05:33

News about this was on the news channel-China Today.

Work starts on pipe to Russian oilBy Chen Jialu in Moheand Si Tingting in Beijing (China Daily)
Updated: 2009-05-19 09:52 Comments(0) PrintMailChina started construction of a crude oil pipeline to import oil from Russia Monday in Mohe in Northeast China's Heilongjiang province, following a loan-for-oil accord signed with Russia in April.

Vice-premier Wang Qishan, who was present at the launching ceremony, hailed the project as "an important step" towards a long-term, full-scale energy partnership between the two countries.

"Energy cooperation plays a vital role in Sino-Russian strategic cooperative partnership," Wang said.



Chinese Vice-Premier Wang Qishan, right, at a ceremony marking the start of construction of the China section of a Sino-Russian oil pipeline, in Mohe, Heilongjiang province. [China Daily]


"Construction teams from China and Russia should coordinate with each other to ensure the pipeline goes into full operation by the end of 2010."

The construction of the Russian section of the pipeline, with a total length of 64 km, started on April 27, while the Chinese section will run for about 965 km.

China agreed last month to lend $10 billion to Russia oil pipeline monopoly Transneft and another $15 billion to the state-run oil major Rosneft at a discounted interest rate of 6 percent in exchange for reliable fuel supply for the next two decades.

According to the agreement, 15 million tons of Russian oil every year, or about 300,000 barrels a day, will be transported from Russia's Siberian fields over the pipeline to China for the next 20 years, likely also at a discounted price. The crude oil supply is equivalent to about 4 percent of China's daily fuel consumption.

Zhang Guobao, Director of China's National Energy Administration (NEA), told China Daily on the sidelines of the launching ceremony that the pipeline's delivery capacity is very likely to be boosted to 20 million tons a year upon its completion.
China and Russia will study the feasibility of increasing its delivery capacity after the pipeline is put into production, Chinese Ambassador to Russia Liu Guchang told the official Xinhua News Agency last week.

Under the agreement, China and Russia will jointly build and operate the pipeline from Russia's Siberian city of Skovorodino to China's northeastern city of Daqing as its terminal via China's border city of Mohe.

The project was a win-win deal for both China and Russia "as it helped diversify China's oil import as well as Russia's oil sales", said Liao Yongyuan, vice-president of the country's largest oil and gas producer PetroChina Co which is responsible for the construction of the Chinese section of the pipeline.

Zhang of NEA Monday told China Daily that the two nations will also consider cooperating for natural gas supply.

China's push to gain resources as the credit freeze, the collapse of the ruble and the depressed global commodity prices prompts countries such as Russia to sell energy assets, analysts said. Meanwhile, cash-rich Chinese oil firms are eager to secure a steady supply of oil to power the country's growth, in anticipation of an economic recovery.

PetroChina gained approval at its annual shareholders' meeting to raise as much as 100 billion yuan via debt this year to finance key projects including exploration, refining, oil and gas pipeline networks and overseas operations.

PetroChina is also building a pipeline that transports 20 million tons of Kazakhstan oil to China annually. The project will be fully operational by the end of the third quarter.
Comments(0) PrintMail

[bethany3] 19/5/2009 01:17

The days immediately after that infamous RNS on 6th January were very uncertain times indeed and share price reflected that. Now the situation has changed for the better especially after RNS on 29/04. Things are much clearer and UEN are no longer going bust or being de-listed. Otherwise mms would have tanked the share price by now rather than pushing up share price on very limited buys. Also do not think current wave of selling is mainly from a major holder more like a small distressed hedge fund or dare I say possibly one/some of the poster/s here.

Now current negotiations are more about whether UEN are going to be "reunited" with their two prized assets and recapitalisation to enhance shareholder value rather than about nominal returns to shareholders if de-listed. I know it's been five long months since the very dark days. However, last ounce of everyone's depleting patience is required and I'm sure long suffering holders would be rewarded given time. I, for one, have never been more hopeful than present and am confident we would never revisit 3p ever again.

[gooner6] 19/5/2009 00:00

navyan - I think shares14 is just stating the price has moved from 3p to 17p and can do it again.

The fact UEN is often near to top of the discussion boards means a lot of pi's are being attracted and are interested in only the short term, the share price will be volatile.

spp119 - I'm not sure the due diligence process was connected with Sberbank actually taking D&T back, in my opinion it is connected with the current negotiations.

[navyan] 18/5/2009 23:52

I hope tomorrow MM will mark this down to 6p and clear the recent seller first, and then we will be on our way. (I wont be buying more as I am happy with my holding here)

[navyan] 18/5/2009 23:41

thanks Spp119 for the confidence you have given to posters here, have been reading your valuable posts since last Dec.

[spp119] 18/5/2009 23:33

Bluepill (aka viagra?...lol),

We are not at the mercy of anyone. Sberbank either had a re-think, if state banks do such a thing,or was told byt the Kremlin to accomodate UEN. The latter had its agreement to hand D&T over to Sberbank in exchange for rescinding loan obligations. And it had stated it was proceeding with remaining asset disposal and a delist. It is Sberbank that has changed its tune as of late....at the very end of the due diligence process.

Both sides are in negotiation now as to how to move forward. So UEN is at Sberbanks mercy as much as Sberbank is in UENs mercy. Otherise it would not be a negotiation. It would be a diktat.

That's the reality of what is happening. It will end successfully if both sides can come out from the negotiating room with a modest mutual compromise. Neither will be fully happy, but both can live with whatever pain will result.

And UEN shareholders will be relieved of their misery when seeing what this slightly painful, mutual compromise actually delivers.

A re-rating!
No need for blue pills then.....

lol
spp119

[navyan] 18/5/2009 23:32

so you think this will go down to 3P again shares14 ? when last time we were in the sinopec rumour, share price went up from 3p to 20p, but if you just look at the daily chart, the 20ma never really crossed the 40ma, which means it did not confirm, and share price crashed after the 5pm RNS, but this time, the 40ma has corssed over to 20ma which confirms a up trend, just need to wait for the weekly chart to do the same to confirm the long term trend as well. all based on TA of course.

[shares14] 18/5/2009 23:29

Bluepill hope you make a decision that lies easy with you as i know what its like to be in that position,BOL cheers navyan iam turning in;-)

[navyan] 18/5/2009 23:25

yes you are right blurepill, this time it seems that it is the bank who is making the U turn(after shareholders voted for the transfer) and maybe in favour of letting UEN to keep running D&T and hoping to make more profit in the furture rather than just simply take the D&T and try to sell them for a discounted price.

[shares14] 18/5/2009 23:17

Bluepill so why did you not sell some at least when it was 17p,i did as i always had my goal if it doubled 2moro my pot here is staying and wouldnt sell as its here for a year or untill the £1 comes,as i said its been to 3p and 17p and can do both again...

[bluepill] 18/5/2009 23:14

what deal navyan.
sinopec have walked from the table.
sperbank is not a deal.
a deal implies that both sides have a say in the matter.
we are at the mercy of sperbank. and those that control sperbank.

[shares14] 18/5/2009 23:13

Cheers spp119,sorry to hear about your day iam sure you will bounce back with extra on top,interesting times here again but iam stepping back as its all getting a bit nervey not a time to make any sudden moves..if in doubt do knowt.

[bluepill] 18/5/2009 23:12

i would sell if it doubled tomorrow. simple question. no brainer for me really.
my original goal was to profit from a potential takeover by sinopec. that has evaporated.
you would sell as well, as you have done before.

[navyan] 18/5/2009 23:10

this is good long termer share14, if we can pass this big hurdle first, it is still risky until the deal is accounced my firend. for now, it is a gamble for me.

[shares14] 18/5/2009 23:06

Bluepill so ask yourself if uen was to rns 2moro and the share price double would you still not like it?you are letting the short term share price determine your judgement,i suggest you ask what your original goal was and dont let any one but yourself change that,BOL and i mean that;-)

[spp119] 18/5/2009 23:00

Shares14,

How many oil companies getting delisted (after suspension) can claim mean resource assets to the tune of 4 to 6 billion barrels?

......a large part of which four National Oil companies (KNOC, ONGC, BG & NNPC) are involved in a control tussle with that delisted company having to wait for an outcome?

UEN's almost 2 billion barrels prize and the backstage antics should give you an idea, and only a vague one at that, of the webs being woven to catch such prizes...webs where anything goes.

[shares14] 18/5/2009 23:00

Bluepill,please you got that so wrong i had always said if it went to 12p that would be my result and i let it run to 16p, i was very open about selling as i saw a 500% gain in the short term massive for me ,and had to say no to the greed,i will not add here as i have moved else where and iam leaving what i have left in uen to run,iam positive here as in a year time i think this could be near the £1 level..

[navyan] 18/5/2009 23:00

what seems dodgy to you bluepill?

[bluepill] 18/5/2009 22:54

shares14, i might have been following this thread wrongly but you seem to have changed your tune. i take it the share price came down low enough for you to buy some shares after you missed the boat recently.
i'll leave it with you that you trade this share and when it goes up to 16p you will sell, talk share down and hope to buy in again at 8p.
i don't trade like that, if i like a company i buy it. i'm not sure if i like this anymore, seems dodgy. didn't get out before because it wasn't worth selling.