CUE 1.59% 15.5¢ cue energy resources limited

CUE - Rerating overdue

  1. 1,317 Posts.
    Not sure what fired up CUE today, if it was an announcement on Oyong I haven't been able to find it. Perhaps has something to do with next sidetrack on SE Gobe leases, remember last development sidetrack took CUE to 0.066 early last week. Unfortunately CUE seems to get a lot of daytrader attention which leads to the occasional spikes and subsequent fall backs. CUE warrants better than that. The managment problems are behind it, it is debt free, it has money in the bank and a good cash flow from SE Gobe interests. And then there is Bilip and Oyong. Lets hope some serious money is about to get behind it (although a brief look at the top 20 on the register in its 2001 report shows that there is some there already ie. Westpac, Merrril L and Citicorp Nominees). I hold CUE for its longer term potential. JBC
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