AOK 0.00% 0.3¢ australian oil company limited.

sellers increasing.downward pressure on sp ?, page-11

  1. 3,513 Posts.
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    Good morning Jiimbolink, i wouldn't know whether your comments were precient (sic), and i don't know how you could either, but we'll see in due course.

    I do know though that the briefest analysis of actual turnover shows that volumes aren't high but they are variable or lumpy.
    In fact volumes are all over the place, in the last week ranging from only 168,000 on may 27 to 1.2 million on may 23, according to asx.

    I reckon it may be more useful to look at what actually happens with trading rather than the mirage presented in a buy/sell stack, which like the future can change without notice.

    Gee malay, you're a bit tough on AOK it seems to me.

    It's a junior oiler that lifted average daily production in april by 16% to 630boed from march; reported an annualized $8 million net revenue in the march quarter; and are negotiating a credit facility to speed their development program, which could help with a re-rating of the SP.

    What sort of inspiration do you want?

    Oh, that it happened yesterday? That they strike a 500m oil column?

    Get real. Or if it's not happening fast enough for you, sell.

    And having spoken to a few marketing types, and i'm presuming there you don't mean those selling existing production, i'd much prefer a CEO, thank you velly much.

    If i'm looking for inspiration, the junior energy sector sure ain't the place to be right now.

    Everything look's AOK to me. Just want more.
 
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