Urals Energy Share Discussion Threads

[ucasavi] 22/5/2009 16:37

I could not get down the bottom of this quick rise in PTR share price there is no any positive info around this time. Was it only due to the oil price? Or I remember, that recently Gazprom got Sakhlin 4, may be some relationship.

[pakomacha] 22/5/2009 16:36

I'm not worried if the rec-cap is on or off. If it's off then the BoDs can either delist or seek other sources of funding (having first sough gooners approval of course)

Now if someone has invented a very cheap, widely available substitute for oil I would be worried!

I'm sorry we have all jumped on you mlight. Didn't mean to be heavy on a Friday afternoon!

[jonnyfro] 22/5/2009 16:33

There you go mlight - so you dont have to trawl through the posts to find it..

[ucasavi] 22/5/2009 16:33

mlightfoot

I was not watching it in Jan, but as I understand the seller was Uralsib, and it was selling in Dec. I remember Neftanik was telling that the translator said that Sinopec would surely do it, but it would take a year. Uralsib may have decided to cash in quickly, or just not to wait for a higher obscure reward and be gone with a sufficient profit. As I once complained about this Neftanik's info, scoraig replied that everyone was taken aback by such a quick Synopec u-turn. so It does not look like Uralsib could have known that Synopec was doing a u-turn: it happened too quickly. But a Chinese could have known - you never know. Not sure they were playing this game though

[jonnyfro] 22/5/2009 16:31

mlightfoot the main difference being the last few RNS' we have had:
1. Looking at options to mantain the listing and carry on as an ongoing concenr
2. The board changes - and if the outgoing people were not replaced I would be worried but I see this as a positive as do you I am sure.
3. The volumes have been petty over the last week or so, any significant volume of selling and we would be around the 3p mark as well.
4. Look at my chart I posted earlier comparing Petroneft (LSE:PTR) to UEN both O&G exploration companies and both operating in Siberia. Both have dropped to 61.8% fib. retracement what does that tell you? I know it tells me that the drop we have seen in UEN is not company specific but external influences are causing the drop back, i.e. Russian market etc.

I, as you, have been here before and I am much more confortable this time round than last..

AIMHO and a good weekend to all genuine holders

JF

[mlightfoot] 22/5/2009 16:30

Pako - Yes it does matter if the Sherbank re-cap is off!

[le mass du pap] 22/5/2009 16:30

ml. Instead of wetting your pants over nothing you should take a look back a few posts at Jonnyfro's chart of Petroneft versus Urals. You'll see exactly the same pattern. It's also the case across lots of stocks in the sector. It's just profit taking after some strong rises, that's all. The quantities sold are only a few million and that's no more than a larger trader would hold having accumulated at 3p or lower, they don't care about the story nor do they want to wait another few weeks. They just want to bank 100% and move on. If you're worried then sell your 30k and let the rest of us move on from this incessant worry and panic that is periodically dragged up, despite having been discussed and dealt with. You're doing nothing more than creating doubt which makes me wonder. Have you even looked back through today's posts?

[seabass] 22/5/2009 16:28

mlightfoot - everyone has a different perception of what is poss & neg. Obiviously when share slips we can't help feeling neg, but remember the situation is totally different now knowing the safety net is in place to delist if SB do not hand back D&T in some shape or form to UEN. Surely thats pos.

[pakomacha] 22/5/2009 16:27

lightfoot - given the firm base we now have at 8p does it matter? They sellers all have their reasons (profit taking from 2p?). The volumes don't indicate anything other than bored, tired players waiting for some news.

[pakomacha] 22/5/2009 16:24

They (MMs) have achieved volumes >1M again today. I guess they will take whatever action they deem necessary to make the market and keep volumes in seven figures.

Suits me as I will keep topping up if they drop down to these levels.

When she blows (to 20p or more) I'll give back my top up shares and take the profits. Core holding is for the long run however. Have a great weekend all.

[mlightfoot] 22/5/2009 16:23

Is anyone slightly worried that we've been here before, I distinctly recall back in Dec/Jan us all wondering who the seller was and then we saw the 5pm RNS, doesn't this all look a little similar. I am starting to get a little worried as surely a seller of this size unless they knew something we don't expect would be holding on for the Sherbank news!?!?

The seller has to have been in the region of the 2-3m shares over the past 4-5 trading days.

Sorry to end on a negative today, but I'm getting that deja vu feeling. If people on the ground in Moscow thought this re-cap was happening we would be much higher than this!

[le mass du pap] 22/5/2009 16:06

There you go, cheeky mm's hiding that 100k buy from this morning. It may have encouraged others to buy(or not sell) had they revealed it at the time, especially as they'd already dropped it on a few small sells. Either that or they had to work a 100k buy through the day, so what does that tell you? Today's been one big shakey-shakey to test this level again and trick some out of their shares. Scandalous, but perfectly normal unfortunately..

[jonnyfro] 22/5/2009 15:58

delayed trade from this morning...

[carlito sway] 22/5/2009 15:57

100,000 buy at 8.7p

[cliffbarns2] 22/5/2009 15:57

somebody got scalped for a t 25 trade

[ucasavi] 22/5/2009 15:05

Le Mass Du Pap

I always knew the Yankees lied that they had been the first to land there! Thanks, now there is finally a proof!
Now they should "dip" their flag and put up a cotton ball instead.

[scoraig] 22/5/2009 14:58

LMDP, love the Moths observation! thats made my afternoon! brilliant :-)

Jonnyfro, I am getting into this chart thing, what an excellent find! thanks

[ucasavi] 22/5/2009 14:56

There is no holding change statement for Petroneft

[le mass du pap] 22/5/2009 14:55

I wonder what moths used to do before lights were invented? Did they all fly to the moon? Just an observation.


(what do you make of that ucasavi?)

[le mass du pap] 22/5/2009 14:51

Jonnyfro. Excellent chart! Hadn't seen it myself yet. The correlation is very neat. It pretty much confirms that the recent drop from highs was nothing more than a sector adjustment and the seller was simply part of it. Nothing more and not specific to Urals. That kind of thing really should put to bed any paranoia people have about whether the 'seller knew anything about UEN' and all that clap-trap. I wonder if Petroneft, Urals and any others have a common shareholder who was responsible? Distressed seller? Sector trader taking profits? Or just mm's see-sawing? I'd seriously suggest people look at it and take a lot of positive heart from what it shows. Good stuff. Thanks!

edit: Just had a look at several charts from companies in the sector and it's a similar pattern across the board. So that really nails down the fact that the drop was nothing more than sector profit taking and/or mm manipulation after a strong rise.

[ucasavi] 22/5/2009 14:46

LMDP

Nothing is 'simply' in this life. The subconscious knows its paths;)

Sorry for carrying on about that. Sometimes just cannot stop myself

[jonnyfro] 22/5/2009 14:45

Can sell 50k at 7.75 not sure about the buy limits..

[le mass du pap] 22/5/2009 14:42

Ucasavi, as I remember it I simply mentioned Neftanik. It was you who then replied with a 2000 word (auto?)biography on his life and times ;-)

gibso, thought you were all at sea?

[ucasavi] 22/5/2009 14:41

What are your webcam sites?