CUE 0.00% 6.6¢ cue energy resources limited

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  1. 1,317 Posts.
    Agree that CUE has been disappointing. Makes you wonder what the board room fight was all about. The company is debt free, had $3million plus in cash at end of first quarter and continuing good revenue flows from SE Gobe field in PNG. Only likely filip to share price is announcement of Bilip drilling but that is some time away. Lack of news re Oyong is also disappointing, Santos does not seem to have it as a very high priority and depending on the development eventually chosen (if the field is to be developed) CUE may have to go to the market to fund its share. That said Catherine Davey reviewed it from a tech point of view recently and saw some potential upside in the charts. CUE has sold its interest in Yolla. I am not giving up on Cue just yet, have made money on it in the past when it was at these levels. Like all the junior oiliers at the moment, patience is required in a dull market. Only my humble opinion. JBC
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