Skip to main content

australian stock blogs

 

Australian finance blogs

Near panic selling in many stocks across the board late last week doesn't bode well for this week's opening when there could well be more of the same. With the All Ords down by 160 at Friday's lunchtime break, the fall accelerated in the last hour of trade to lose 222.5 points on the day. This should alert bargain hunters to stocks that have been unjustifiably over-sold, but punters should keep in mind they could get cheaper yet with the emergence of this volatile market.9

Through the entreaties of a public firm trying to set up one-on-one interviews, we learn that two directors of Red Sky Energy (ASX code: ROG) will be in Sydney on August 23-24 to "brief analysts, investors and the media on the outlook for their company". Red Sky listed on May 23, having raised $6 million through a public issue of 30 million 20c shares.

 

A prospective oil producer with the biggest onshore exploration tenements in Australia resisted the market correction.

Our punt on Central Petroleum a week ago was a winner for followers of the Speculator, for it was one of the few stocks to rise in the subsequent mid-week sell-off sparked by falls on Wall Street.

Those who got set will be pleased to learn that the story keeps getting better. We bought into this early stage oil and gas explorer ahead of managing-director John Heugh's arrival in Sydney to do the rounds of investors and brokers. I suggested the company might need to raise about $10m in new capital to drill up to six wells on its vast tenement holdings in central Australia.

 

An enthusiastic backer of Central Petroleum is stockbroker Barry Dawes, principal of Martin Place Securities. A shell company born out of that IMGP8435investment house (and no doubt a future float) is HE Nuclear, which has agreed to acquire a 25% interest in two exploration permits by funding 50% of pre-drilling seismic plus 50% of an initial well in each block.

Central Petroleum has a total of 18 exploration permits (EPs) or EP applications. Heugh claims another three impending farm-ins to fund up to 80% of three wells plus $3m in seismic in each of the 18 permit areas to earn up to 40%.

Despite the lukewarm reception by analysts to the LNG announcement, Santos has since hit a record high of $14.82 against a 52-week low of $8.85. This might be more due to the impending cap decision, but the proposed LNG project, the first in eastern Australia, is a factor. It would move Santos into a bigger league.

australian stock  marketblogs

australian stock sharemarket blogs australian financial stock blogs

Popular posts from this blog

Best Australian stock forums online ( finance forums)

Many traders and investors use forums to share ideas, learn from the more experienced, or simply to stave off boredom during long hours at the computer. Here we list the known universe of forums, complete with costs, member numbers, extra benefits and popular forum topics. Please post a message on Your 2 Cents if your favourite forum isn't listed here, or if you feel that there's more to add about the day-to-day goings on in your online community.Forum
Cost
Stock comps
Forum areas
Comments
AussieStockForums.comFreeASX by share code, General, Beginners, Derivatives, Commodities, International, Strategies/SystemsEasy to use, independent forum. Aussie Stock Forums has a group of very active and knowledgeable traders. Private messaging available. Australian forum.
Chimes in ExileFreeASX stocks, fundamental analysis, technical analysis, commodities, economics, investment tools The forum has a small group of regular contributors that form a genuine community of investor…

List of Australian blue chip stocks

Australian shares gained 0.6 percent on Wednesday led by blue chip miners and financials on strong resource price


The biggest Blur chip stocks traded on the ASX, in terms of their market capitalisation, include:
BHP BillitonCommonwealth Bank of AustraliaTelstra CorporationRio TintoNational Australia BankAustralia and New Zealand Banking GroupRio tintoWestpac
The only stock to do worse than the S&P/ASX 200 is Harvey Norman Holdings Ltd [ASX: HVN]. Even so, it’s a better-than-the-bank 8.3% gain. The others have done much better: Qantas [ASX: QAN] up 36.1%; JB Hi-Fi [ASX: JBH] up 20.5%; Toll Holdings [ASX: TOL] up 25.3%; and Myer Holdings [ASX: MYR] up 37.1%. The benchmark S&P/ASX 200 index rose 27.1 points to trade at 4,977.3 by 2310 GMT. It fell 0.8 percent on Tuesday, its lowest close since February 7.

The diggers and dealers forum meet 2011

The diggers and dealers forum has just begun August 1. Its a three day annual event happening every year  at the WA country town of kalgoorlie.2011 Diggers & Dealers forumBig name brokers  keenly watching the event will be MacquarieDeutsche BankBell PotterGoldman SachsRBS MorgansEvans & PartnersHartleysBlack Swan Euroz.Well most other websites will give you the  finer details of the annual meet and greet that happens at kalgoorlie , so we will just stick with the bare minimum of details  and focus on the more enjoyable bits  of information that the dealers require to strike a good deal while in town.Bare detailsWebsite : Diggers & DealersEvents : Program and scheduleWatering holes and entertainment at Diggers and dealers forumPubs , clubs  and skimpy (barmaids) culture in kalgoorlie . There are about 25 pubs in Kalgoorlie-Boulder area and for a city that stretches just 67sq km the number of pubs makes for  a good choice on drinking holesand entertainmentExchange Hotel ( Pa…