Urals Energy Share Discussion Threads

[shares14] 19/5/2009 20:06

navyan the important thing is not to get side tracked,still holding mine but my animal instinct would start kicking in at 5p and 3.5p so i believe would every one elses,its all about confidence..

[navyan] 19/5/2009 20:02

shares you are probably not very interested to been popular on this BB I take it:) short term, MM can mark this to ZERO if they want to, but what we know is long term the share price will be sigificantly higer than the current level.

[shares14] 19/5/2009 19:48

Well my other little theory is that a share that has risen like uen and being the highest price was around 17p if this falls more than 50% ie to 8.5p then its more likley to keep falling untill confidence returns so 5.7p but it wouldnt surprise me to see 3.5p sorry if that hurts,hows bluepill any one??

[le mass du pap] 19/5/2009 19:31

Agree that was a good chart and good analysis Jonny. 7.25p does look like a good place to reverse, being the bottom of the flag too. We'll see I guess.

[g3a] 19/5/2009 19:28

jonyfro, great chart here's my take on the micro level...



first arrow, news on the 18th April, caused a gap which was subsequently filled.

second arrow, news on the 29th April, caused another gap which has been filled today.

third arrow, possible next level of support on the fib retracement from the recent rise only. The drop on the 15th was before the news on Mon 18th.

so 6p next possible support if we go below current levels.

no news may well see this drift down, aided and abetted with shorters. after all as shares points out 500% is one heaven of a rise.

but the falls are generally on low volume apart from the one prior to news.

adx/dmi is also indicating the overall trend is still in place.

IMHO

[scoraig] 19/5/2009 19:25

superb idea Mr K!! what would uen have to do start using SETS?

[scoraig] 19/5/2009 18:56

good find Jcgswims, loved the last sentence :-) time is clearly of the essence in ES.

The chinese are lending huge sum to rosneft to guarantee x amount of oil in 20 years, if sberbank guarantee UEN financing to provide x amount of oil to china in 20 years then I would expect the bank would want UEN to sort itself out, restructure its operations, clear out the deadwood from the BoD and replace with younger knowledgeable, wiley and dynamic individuals. It is happening before our eyes!! all makes so much sense, why are we worried?!!

[shares14] 19/5/2009 18:40

Ok i think on thur we could see an intraday reversal as buyers should be attracted by the share price being so low,how many days has it been red?

[navyan] 19/5/2009 18:32

yeah I know lol, people dont like to see others being successful, human nature maybe. hey share14, have a look at the GAS graph, looks similiar to the rxp graph on the rise part. I would top up some GAS if I had fund.

[jcgswims] 19/5/2009 18:31

Did shares14 sell at 16p?? Didn't know that. Why didn't he tell us lol lol ;)

[shares14] 19/5/2009 18:29

Always be careful of any stock that rises more than 500% in the short term it dosnt happen often,nearly every one on here hated me saying this but its true.

[navyan] 19/5/2009 18:26

thanks shares14, lets see what happens tomorrow. but well done for selling at 16p, I was tempted to sell also, but the greed got me in the end, plus didnt want to miss the big RNS.

[shares14] 19/5/2009 18:22

A spike in the share price followed by several smaller spikes which eventually fails,its happened twice here...

[jcgswims] 19/5/2009 18:19

Slightly updated article about the zero tax :)



«Expert Online» / May 19, 2009, 16:04

Eksportnaya duty on crude oil from fields in Eastern Siberia could be reduced to zero since 1 June this year, told reporters yesterday evening, Minister of Energy of Russia Sergei Shmatko. «We expect that from June 1, this decision can be made», - he said.

This means that a draft of the Government [1], which the Ministry and the Ministry of Economic Development has begun to negotiate further this spring, almost completed and soon the six oil companies begin to prepare to fill their vostochnosibirskoy oil pipeline construction «East Siberia - Pacific Ocean» (ESPO). The first stage of ESPO oil should lodge in the border city with China Skovorodino (Amur region) in December this year. However, introducing a «tax holidays» 1 June, officials apparently want to give oil companies the time to accelerate the development of those deposits that fall under this regime: Vankorskogo and Yurubcheno-Tahomskogo ( «Rosneft»), Verhnechonskogo (TNK-BP, and « Rosneft »), Talakanskogo (« Surgutneftegaz »), Kuyumbinskogo (« Slavneft »), Dulisminskogo (Urals Energy) and the Medium-Botuobinskogo (« Taas-Yuryah Oil and Gas »).

Support grave: from May 1, the export duty on crude oil account for 137.7 dollars per tonne (slightly less than 19 dollars per barrel). At today's oil prices in the corridor from 50 to 60 dollars per barrel export duty «cut» about a third of the proceeds of oil companies. Thus, the loss budget of the abolition of export taxes at current oil prices in three major fields - Vankorskom, Talakanskom and Verhnechonskom - for those six months can make about 1 billion dollars (thus, incidentally, the idea of zeroing export duties on oil vostochnosibirskuyu not been enthusiastic in Finance).But, according to the statement, Minister of Energy, the government still prevailed different point of view that filling the pipe and so need it, but after a couple-three years the money will return to the treasury in full.

Moreover, earlier this week in the press has information that China continues to provide a guaranteed supply of oil for a long time. By 2011, the volume of oil refining in this country may reach 405 million tons of oil annually, or 8.2 million barrels per day, reported yesterday by the PRC State Council. Это; на 18,4% бол;ьшk7;, чем; в про;шлl6;м год;у. This is 18,4% more than last year. According to the International Energy Agency, by 2030 oil consumption Chinese petrochemical industry can grow to 13 million barrels a day. So today it was reported that following the oil loans to Kazakhstan and Russia, according to the preliminary agreement, China is ready to provide 10 billion dollars of Brazilian oil company Petrobras, in exchange for the supply of 200 thousand barrels of oil a day (in Russian companies «Rosneft» and «Transneft» granted 25 billion dollars loan by the Chinese supply of 300 million tons of oil within 20 years). Naturally, to satisfy those appetites of our south-eastern neighbor, it is necessary to develop an accelerated vostochnosibirskie field methods.

[navyan] 19/5/2009 18:19

share14 please advise what is the fork formation?

[shares14] 19/5/2009 18:17

Navyan iam keeping an eye on the ftse as it needs to pass recent highs as you say the double top is a classic,i still think uen will come good but its that fork formation that got my attention BOL.

[navyan] 19/5/2009 18:11

also we are in wave 4 at the moment, and nobody knows how big the wave 5 will be.....

[navyan] 19/5/2009 18:10

yeah 7.12p is the support, and it should bounce off from here. in theory.

[shares14] 19/5/2009 18:07

At last someone on here is using there brain! well done...

[navyan] 19/5/2009 18:06

yeah, shares14 RXP is safer than UEN and also has good potential as well, but I am taking a higher risk here and hope it will pay off and then maybe will buy back into RXP , will depeneds on the share price then of course. lots of opportunites out there atm. but when FTSE tops 4600 this time, it could be a double top, and then long slide in the general market. this is why I rather take a gamble here than buying into ftse100 companys

[jonnyfro] 19/5/2009 18:06

Similarities between the rise before xmas and the most recent rise..

1. The fibonacci 62.8% retracement seems to be liked in this stock - in december the fall from the first peak bounced off the value and then during the most recent rise it acted as resistance(what was resistance is now support once broken and vice versa). Now we are close to touching the retracement figure during this pull back and as it acted as resistance on the way up should now act as support.

2.look at how in order for the share price to go up quite considerably we need large volumes, only for smaller volume days to knock the share price back down quite considerably.

3. Both times we have experienced greater than 500% rises in a short space of time and a share price can go down just as quickly as it can go up.

We are still up over 100% from where we started a month ago..is that not good in this market?!?!

Yes, I agree we are undervalued and yes I agree that where we are at the moment with the share price is before we had the board restructuring news, but nothing goes up vertically and having been patient from January to May I think my patience can last as long as it takes..

AIMHO

JF

[espeland2] 19/5/2009 18:00

"We just need to buy more than the MM have."

But a bb member's large buy last week was satisfied by an immediate and larger sale: presumably, as someone mentioned at the time, a MM-friendly shareholder. If that is true, what chance have you got of estimating how many the MMs have access to?

I agree with L & S, there's far too much uneccesary talk here