Wellstream Share Discussion Threads

[go fourth and multiply] 20/6/2009 12:27

I read in shares magazine that WSM and BG are buys as possibly exxon mobil a possible takover of BG!!!!!??????

[choppa] 19/6/2009 17:36

From the evening standard on the rumour of Shell takeover of BG...

BG has no shortage of oil reserves having struck it rich with its partner Petrobras at the Tupi field in the Santos Basin off the coast of Brazil in 2007. Oil experts say Tupi is likely to be one of the most significant finds in recent years with reserves running into billions of barrels of oil. It has already been dubbed the new Saudi Arabia.

WSM in Brazil of course with Petrobras.

[ezodisy] 19/6/2009 11:45

I agree and bought back in yesterday. The inverted H&S is still on for now

[monsta2] 19/6/2009 10:04

yep.wonder why not moving today with strong oil price. an broker downgrade?

[ceckyspunt] 19/6/2009 09:04

at 520p this is the deal of the day IMHO

[jbarker5555] 16/6/2009 21:36

200 day still moving down though, may be of concern but agreed, cross is generally a good sign :)

[hoistman] 16/6/2009 15:26

this is going to 600p plus this year imo.

dyor.

[ceckyspunt] 15/6/2009 23:40

sub 500p may not ever happen!

the chart shows the trading range, 500p is now out of range, so if the share price drops that low then that would be a concern.

note the moving averages, the 50 day and 200 day lines are near to crossing... that very bullish!

[bluepill] 15/6/2009 10:26

looking to get in sub 500p

[jaws6] 15/6/2009 09:44

robbie bought fri wsm .

[ezodisy] 15/6/2009 09:21

>One lesson I have learn't is to go off my gut feeling and not others!

but you really haven't learned that yet if you listened to us! lol

There was a gap down this morning. This could be filled today, or we could get a double-dip of 500p again, a bit like the double "right" shoulder on this possible inverted H&S

[eisler] 15/6/2009 08:39

CWA - you really shouldn't base your investment decisions on comments on these bulletin boards! Very bad move to do that!

[cwavecrest] 15/6/2009 08:36

I knew I should have shorted on Friday when they touched around £5.70p.
A few expert opinions on here put me off though. One lesson I have learn't is to go off my gut feeling and not others! I do agree that long term,this is a buy.
Will wait for it to fall below £5.20p and go long.

[choppa] 14/6/2009 12:10

Yep all looks slightly more positive. PE of 10 is not unreasonable and if they can grow their EPS this year next with rising oil price investment then £7-£8 could be reached within the next 12 months imo. Lets not forget it did fall off a cliff from around £10 at the start of october when the whole market seemed to be marked down.

[jac1104] 12/6/2009 17:05

i reckon the reason that we have seen an increase in last couple of days is because we have cleared a big seller, which has hampered share price increase - last couple of days merely playing catch up with the rest of the oil services company ie lamprell, amec, hunting and john wood (and to a certain extent petrofac) - also bear in mine that bank of america merrill lynch increased the price target to 630 from 580 last week

even if oil prices fall in the near term, oil will remain in the 65 to 80 dollar range for the rest of the year, a damn sight higher than the 30$ level - which means a restart by oil companies re drilling programmes with more confidence, and hence an upward rerating and stabilisation in oil service companies

also, petrobas, a key client has been doling out contracts to its suppliers in the last couple of weeks, i will not be surprised if wellstream is in line for the same in the near term

so, all to play for in the near term ;>

[cwavecrest] 12/6/2009 16:40

I will hold fire now from shorting.
It has closed at £5.70p which looks positive.

[ezodisy] 12/6/2009 14:25

Yeah I think so too, the inverted H&S is quite clear.

[arcadian] 12/6/2009 14:20

Cwav

Foolish move. Oil revenues rising future looks good. This is looking to break the 600p and will not look back.

[cwavecrest] 11/6/2009 18:18

3000

I am thinking exactly same. I have a holding my ISA and now considering a CFD and shorting at around £5.70p and go long when it falls to around £5
It seems to have a resistance of around £6.

[30003000] 11/6/2009 15:12

Am in and out of this superb company, sometimes purchases and sometimes spreadbet. The company is quality and underated, but great for trading. A possible sell shortly when over 560 and watch like a hawk. Always hold in my SIPP

[ezodisy] 11/6/2009 15:05

any chartists want to talk about the inverted H&S starting from early April? It's clear with candles, we are forming the right shoulder. Very bullish if we close above 570 or so this week

[ceckyspunt] 10/6/2009 13:34

price of oil now $70, so i would expect a few projects to get funding soon...