Hi,
I have suggest to buy HDY for the second contest edition...But HDY makes a Wolfwave Pattern. It is a stock more for mid-long-term..
As you see on the chart, buy on a pullback at 1.350
Pick:
[HDY] Hyperdynamics Corporation
Analysis:
The main reason for me picking HDY is because i like the chart. Volume has been staying above average for a good amount of time over the last few months as well as breaking out of a nice looking symmetrical triangle. The day after the breakout of the triangle price action HDY shot up 27% on good volume showing the the market acknowledges the pattern. So im following the markets confirmation and entering into HDY for the contest on monday morning.
Share Related Items
Market Cap. (Mil) : $124.56
Shares Outstanding (Mil) : 42.22
Float (Mil): 24.90
Financial Synopsis:
BRIEF: For the three months ended 30 September 2005, Hyperdynamics Corporation's revenues increased 32% to $87K. Net loss applicable to Common increased 38% to $1.5M. Revenues reflect increased oil production from Louisiana Operations. Higher loss reflects significant increase in cost of revenues, increased general & administration expenses, decreased interest income and the presence of other expenses.
Good luck fellow members!
-fousc
horrible entry price with the gap open to 3.00 but the volume is goin crazy going above and beyond the last 2 trading session peaks and only a couple hours into todays session. So i still anicipate higher prices to come.
Major resistence of 3.50 broke today going back as far as 1996. Im likin what im seeing here, Lets see how the market reacts to this information for the rest of the contest. Im not holding and will prob regret im not just like KNOL. Good luck Loffigus on the contest. I had a big debate betweeen choosing HDY or ISV for the contest. I told IROD to pick ISV but he never did lol. Im comin for ya loff!!!!!! muahahahaa ;D
-Mr. Fous
The market rejected prices above 3.50 making this a false breakout of resistence. Hopefully momentum will back back up and continued high volume and push price action above 3.50
-fous
HDY...one to watch in the oil exploration sector. HDY is trading in a sideways channel and quickly approaching the top of the channel today. A break above 2.40 may signal the start of an uptrend ;)
Hyperdynamics Corporation, through its wholly owned subsidiaries, engages in the exploration and production of oil and gas offshore Guinea, West Africa. It also provides seismic data management services, customized geological workstations, and data transcription services. The company also provides a range of seismic and reservoir services, including data acquisition, processing, interpretation, and field evaluation. In addition, the company offers ONYX and ONYXII, a conversion and transcription software transcribes related data on the same disk or DVD as the converted seismic data. The company was founded in 1983 and is based in Sugar Land, Texas.
Back above the 50-day MA......watch it now
Monday's Small-Cap Winners & Losers
Hyperdynamics (HDY) surged after the Sugar Land, Texas, oil exploration company said it signed a new agreement with the Republic of Guinea in West Africa to investigate a region with "exceptional potential" for oil and gas, according to seismic data. Shares were gaining 42 cents, or 17.5%, to $2.82.
Support @ $2.37...2.20...2.08
Resistance @ $3.20...3.30...3.44
Technicals
Most Actives
Gap Up
Percentage Gainer
Gap up above the 200-day MA
13-day MA crossed above the 50-day MA
Definition:
The Long Black Candlestick signals strong selling pressure in the market.
Important Factors:
The Long Black Candlestick is a single candlestick pattern with low reliability. It only reflects one day's trading and may both be pointing out to continuation or reversal. Thus it requires consideration of other candlesticks to confirm a trend.
Am I seeing a "cup w. handle" here, or is it jus my imagination?
HDY is trying very hard to get over 3.00, could be an interesting development if it makes it...
10k is out....not sure what to make of it.
http://biz.yahoo.com/e/061013/hdy10-k.html
I know what you mean...
I rely heavily on the discussion at InvestorsVillage for info and opinions. To me yahoo messageboards are close to useless now.
http://investorvillage.com/smbd.asp?mb=67&clear=1&pt=m
Thanks for the link cumulina. ;)
HDY is again demanding attention!
No, I don't have any. But I wish.... ;)
"HDY" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;)
Waiting for news - lots of anticipation here!
>:D
Lots of discussion and info on InvestorVillage:
http://www.investorvillage.com
Quote from: cumulina on June 06, 2007, 10:53:19 AM
Waiting for news - lots of anticipation here!
>:D
Lots of discussion and info on InvestorVillage:
http://www.investorvillage.com
whow, nice one!
are you in now?
Yes - with some "gambling-money" only.
My purchase price was 2.80
I do think this will move rapidly (one way or another ;) ) so I'm ready to throw in the towel, or add to position.
Be careful.... But if you have some "spare money" it could be rewarding.
Good luck.
Press Release Source: Hyperdynamics Corporation
Hyperdynamics' Chief Executive Updates Shareholders on Joint Venture Process
On Thursday May 28, 2009, 9:20 am EDT
HOUSTON--(BUSINESS WIRE)--Hyperdynamics Corporation's (AMEX:HDY - News) Chief Executive Officer provides an update on the company's joint venture process as follows:
To Our Shareholders:
We now have an active letter of indication of interest from a substantial organization expressing its desire to enter into a partnership with us related to our offshore Republic of Guinea oil and gas exploration and exploitation contract area. The letter was a result of an in-depth technical presentation and a few weeks of interactively answering both technical and business due diligence questions. The letter is non-binding and it is subject to more detailed due diligence that is scheduled to start in the near future. When the due diligence period is completed and the parties agree to move forward, we will be in a position to negotiate a term sheet upon which a definitive working interest purchase agreement can be based. This procedure is expected to take at least a few weeks. We do not know if the negotiations will result in a joint venture partnership but are certainly encouraged with the possibilities.
We continue conducting analytical procedures on our 2008 seismic data that are designed to enhance the de-risking of our most significant structural and stratigraphic turbidite targets offshore Republic of Guinea that have the potential to hold world class oil and gas reserves. We remain in an active technical due diligence mode with several other potential joint venture partners including two super major oil companies. We recently engaged Zeus Development to assist us in seeking joint venture partners. Working together with Zeus Development, we have recently provided in-depth technical presentations and set up data room reviews for three other substantial organizations that have expressed an interest in conducting further due diligence that might result in a transaction with us. Yet another substantial organization is currently evaluating the opportunity to enter into a confidentiality agreement with us and engage in in-depth technical due diligence.
We believe that our frontier basin exploration work offshore Republic of Guinea represents the greatest shareholder value impact because it could lead to a joint venture with a substantial organization to drill for oil and gas offshore Republic of Guinea. We have been focused on seeking joint venture partners since late 2008, shortly after we completed the analysis of seismic data that we acquired, processed and interpreted earlier in 2008. While a few potential joint venture partners had begun negotiations with us prior to the stock market crash last year, and following dramatic drop of oil prices this year, many potential joint venture partners remain in technical due diligence with us. We are encouraged to again now be approaching the steps within the joint venture sales cycle where we can be negotiating business terms on which to base significant transactions. Our goal is to sell up to 75% of the working interest offshore Republic of Guinea while not having to pay exploration costs through the point of the first oil and gas production sales (also called a "carried interest") for the remaining 25% working interest which we would continue to own. This goal could allow us to monetize a portion of our most significant asset and retain a substantial financial upside for us if we make a world class discovery of oil and gas reserves.
As always, shareholders are encouraged to call me any time. Please stay abreast of our filings and news.
Warmest Regards,
Kent Watts
Chief Executive Officer
Hyperdynamics Corporation
About Hyperdynamics
Hyperdynamics Corporation provides energy for the future by exploring and producing sources of energy worldwide. The company's internationally active oil and gas subsidiary, SCS Corporation, owns rights to explore and exploit 31,000 square miles offshore the Republic of Guinea, West Africa. HYD Resources Corporation focuses on domestic production in proven areas. To find out more about Hyperdynamics Corporation, visit the corporate website at http://www.hyperdynamics.com.
Forward-Looking Statements
Statements in this news release are "forward-looking" as defined by the U.S. Securities and Exchange Commission and are based on expectations, beliefs or projections that are subject to numerous risks and uncertainties. Investors are cautioned that these statements are not guarantees of future performance, and actual results could differ materially. Please refer to "Risk Factors" in the company's Form 10-K filed with the SEC.
# # #
HDY-IR
Contact:
Investor Awareness, Inc.
Investor Relations:
Tony Schor or Lindsay Kenoe, 847-945-2222
www.investorawareness.com
or
North Shore Public Relations, Inc
PR/Media Contact:
Renae Placinski, 847-945-4505
[email protected]