Urals Energy Share Discussion Threads

[navyan] 21/5/2009 00:03

I'd like to see a large gap up...... 7am RNS ?

[navyan] 21/5/2009 00:01

Explanation:

The Bullish Harami Cross Pattern is a strong signal of disparity about the market's health. During a downtrend, the heavy selling reflected by a long, black real body; is followed by a doji next day. This shows that the market is starting to severe itself from the prior downtrend.

Important Factors:

The Bullish Harami Pattern is not a major reversal pattern, however the Bullish Harami Cross Pattern is a major upside reversal pattern. Short traders will not be wise to ignore the significance of a harami cross just after a long black candlestick. Harami crosses point out to the bottoms.

A third day confirmation of the reversal is recommended (though not required) to judge that the downtrend has reversed. The confirmation may be in the form of a white candlestick, a large gap up or a higher close on the next trading day.

[navyan] 20/5/2009 23:20

we opened today at 8P and closed at 8P, so it is a proper doji.

[navyan] 20/5/2009 23:17

also still think 9P is the breakout point, although I dont have a nice looking chart to back it up, and no ramping intended :)

[navyan] 20/5/2009 23:10

guys, just had a good look at today's finish chart, what we have here is a "Bullish Harami Cross" or "doji" as i said earlier afternoon, and a "buy-if" tag on the british bulls


please ready these: Bullish Harami

The bullish harami is made up of two candlesticks. The first has a large body and the second a small body that is totally encompassed by the first. There are four possible combinations: white/white, white/black, black/white and black/black. Whether they are bullish reversal or bearish reversal patterns, all harami look the same. Their bullish or bearish nature depends on the preceding trend. "Harami are considered potential bullish reversals after a decline" and potential bearish reversals after an advance. No matter what the color of the first candlestick, the smaller the body of the second candlestick is, the more likely the reversal. "If the small candlestick is a doji, the chances of a reversal increase. "



the candle stick we got today is very close to a doji, and this is after a 5 days decline trend, so our chances of a reversal increase !!

upwards from here imo :)

so Matt's prediction could be right then ;)

[kabylie] 20/5/2009 22:49

BG 's management are very forward looking, yet the share price has hardly moved. Shame!!
JCG, thanks for that post, this may start a stampid to sign off contracts from the likes of India and other emerging markets. The Oil and Gas reserves are finite and people have started to realise this. Very soon the oil and gas will start moving sharply higher.

[gibso6767] 20/5/2009 22:08

cheers jcg nice reading that ,if you think australia is a good bet for future expansion ,energy issues and the ever growing chinese storm have a long hard look at ALTONA (ANR) ,I and a few other envisage it multiplying many fold over the next few years ,they have set quartely targets and if/when rns is released to confirm the same it will increase the share price with a slight retrace between every quarter its also backed by the chinese witha long term plan for world domination ?( anr have massive coal at surface level and do a ctl process and the whole process powers itself from which they can supply the local grid ,mining and for every tonne of coal they get 1bbl of high api oil and any residue is sold for animal feedstock) ,it at its lowest was 0.65 of a penny then went to 4.5 now at 3.6p or so .

[carlito sway] 20/5/2009 21:58

Was just looking at the beginning of this thread (Nov 08) and noticed that most of the original posters don't seem to be here anymore - just an observation.

[jcgswims] 20/5/2009 21:56

I like this statement "In such a volatile energy market, long-term contracts are seen as one of the most effective ways to achieve energy security at a national level. Such contracts also provide stable revenue sources for oil and gas companies, which in turn help them to further expand their exploration activities".



China Signs Multiple Energy Supply Contracts to Boost Security of Supply
Wednesday, May 20, 2009 11:58 AM

(Source: Datamonitor)trackingChina National Petroleum Corporation has signed deals with Russian state-owned companies Rosneft and Transneft for crude oil supplies, while China National Offshore Oil Corporation has formed an LNG supply agreement with BG Group. China's recent energy supply deals show the importance it places on maintaining security of supply and other developing economies would be wise to follow this example.

In a bid to secure long-term energy supplies, Chinese companies have sealed two important deals with foreign companies. The first involves China National Petroleum Corporation (CNPC), the Chinese national oil and gas company, which has signed an agreement with Rosneft and Transneft which will see it receiving an average of 300,000 barrels of crude oil per day over a period of 20 years.

Rosneft and Transneft, both owned by the Russian state, will receive a reasonably priced $25 billion infrastructure loan to guarantee these long-term crude oil supplies to China, once the East Siberian Pacific Ocean (ESPO) pipeline is complete. Transneft would use its $10 billion loan amount to complete the first phase of the ESPO pipeline and other ongoing pipeline projects, while Rosneft would utilize the $15 billion loan amount to meet its debts in the wake of the ongoing credit crunch.

The second deal sees the state-owned Chinese company China National Offshore Oil Corporation (CNOOC) entering into an LNG supply deal with UK-based BG Group. According to this deal, CNOOC will receive 5bcm of gas annually for a period of 20 years. This will ensure a supply of LNG from BG Group's upcoming terminal in Australia, which is expected to meet around 8% of China's natural gas demand.

The signing of these deals indicates that China is taking proactive steps to meet its growing energy demand to ensure long-term energy security. China is also actively bidding for and investing in new energy projects to increase its global footprint and hedge its long-term energy requirements. Diversifying its primary energy mix would bring further security of supply benefits, helping China to safeguard against supply disruptions of imported fuels.

In such a volatile energy market, long-term contracts are seen as one of the most effective ways to achieve energy security at a national level. Such contracts also provide stable revenue sources for oil and gas companies, which in turn help them to further expand their exploration activities.

Other developing economies, which are also major contributors to the sharp rise in energy demand, must take a cue from such events. India, for example, is a major consumer of fossil fuels and imports about 70% of its crude oil requirements. Since the Sakhalin-I project, India has not made any significant move towards ensuring a stable environment with respect to energy supply. Following China's example, concerned government authorities must consider such deals as an imperative and help developing markets elsewhere reconcile economic growth, and consequent energy demand growth, with security of supply considerations.

A service of YellowBrix, Inc.

[chway14] 20/5/2009 21:44

Spacetomato
Many thanks for such an excellant thread and to the contributors as well.
Just one request and this is that the page details are too wide to read on one page.
This may be the culprit "Understanding and Evaluating UEN" in the headlines
and if so,could you condense it so as to avoid scrolling across each time.
Many thanks.

[gibso6767] 20/5/2009 21:42

eeek nope ,i find it hard to beleive in all places suchas america they actually allowed themselves to be filmed ,the safety lapses ,fatal errors ,lack of ppe but most of all the machisimo attitude to safety.
When i started in the north sea first time in 1990 there thankfully where very few americans ( the canadians where far worse) and now even less .
They had no respect for machinery or safety and on tour ( shift ) absolute mad wanting there pound of flresh ,however when you finished you could not meet nicer men ,difficult to get used to.
Wherever you go now theres nearly always a uk drilling contingency ,funnily enough dutch also and austarlians ,the bass starit started to be worked early 90s amd lots came to uk waters to gain experience .
The aberdeen press and journal does by far the best publicaion every week called energy well worth a read .
You can normally tellwheer is picking up drilling as the likes of kca (abbot group) and uk based global are in situ also multi discipline firms such as cape ( yes south african but normally ran from uk ,) rigblast and salamis have abase there.
Cne and EXX MOb both have massive blocks allocated of greenland and are starting next year both again from uk .

[jonnyfro] 20/5/2009 21:08

gibso was that you on Channel 5 pulling them pipes up, mug oilers!!! lol

[gibso6767] 20/5/2009 20:59

i was an ad (inhouse well control ,IADC credition ) but took a sojourn from drilling now do scaffolding and rope access plus other linked stuff ,miss drilling though was a laugh a minute mthe adrenaline rush at times

[mrkeysersoze] 20/5/2009 20:48

tinpot drilling co.... LOL

Are you a Derrickman??

Mr K.

[gibso6767] 20/5/2009 20:46

i have all yaa booha spinning chain mullarkey ,land drilling is for sissys

[mrkeysersoze] 20/5/2009 20:31

gibso,

Have a look at these cowboys on Ch 5 now...LOL

Mr K.

[le mass du pap] 20/5/2009 20:23

Good chart Jonny. Thinking outside the box! They dipped yes and the wobble caused a bit of selling here, but the two relationships have since turned back up above recent highs. Will Urals follow suit? I think so, especially now the "Hoover" has arrived.

[navyan] 20/5/2009 19:57

Jonny, nice graph, but cant really see any relationship between them though, what are you suggesting anywany ?

[navyan] 20/5/2009 19:53

dollar losing its value and OPEC cut output in March were the two main drive forces behind the oil price rise, and also to do with the false economy recovery hope the US governemnt has given. Obama is playing a dangerous games by being over optimistic about the recovery, this is wrong way of injecting confidence into the public, wont be long before people realise the consequnces of the staggering goverment borrowing, when nobody want to lend money to the government and buy the bond, the country will go bust. when the US government bond yield shot up sky high will be the dark day for the general stock market. and gold will shot as well of course.

[jonnyfro] 20/5/2009 19:44

Chart overlaying crude and Russian market, you will see we took a dip when the other two did.. other external, but inportant, factors to include when analysing the share price..

[jonnyfro] 20/5/2009 19:37

Oil Rises Above $62 on Larger-Than-Forecast U.S. Supply Decline
Share | Email | Print | A A A

By Mark Shenk

May 20 (Bloomberg) -- Crude oil rose above $62 a barrel for the first time in six months after a government report showed that U.S. inventories declined more than forecast.

Stockpiles dropped 2.11 million barrels to 368.5 million in the week ended May 15, according to the Energy Department. A 400,000-barrel decline was forecast, according to a Bloomberg News survey. Gasoline supplies plunged 4.34 million barrels, more than three times what was forecast, to 204 million.

"The big drops in both crude and gasoline are very bullish," said Nauman Barakat, senior vice president of energy at Macquarie Futures USA Inc. in New York. "If people were surprised by how fast crude oil moved from $50 to $60, they will be really shocked by how quickly the market will hit $70."........

[chway14] 20/5/2009 19:33

Doughty.
Gooners will tell us when he buys like he has done previously.
Shares 14--what's happening on 28th. please.

[navyan] 20/5/2009 19:23

GL shares :)

[shares14] 20/5/2009 19:10

Profit taking,no harm in that,if this was weak it would be down,and i expect some large buys just before the 28th... which i believe will touch 15p..

[navyan] 20/5/2009 18:56

so why selling then