$20 Trillion of Oil in Coober Pedy?

by Travis Johnson, Stock Gumshoe | February 24, 2013 12:00 am

Friday File look at a Kent Moors teaser about Australia's Arckaringa Basin ... and updates on a few faves

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Source URL: https://www.stockgumshoe.com/reviews/energy-inner-circle/20-trillion-of-oil-in-coober-pedy/


13 responses to “$20 Trillion of Oil in Coober Pedy?”

  1. petergregg says:

    You didn’t mention Apple stock – but I will chime in 🙂
    i agree with your thinking about Apple, but I get “internal” resistance. What I mean by “internal” is I see my nephews and neices – all who have Apple stuff, plus the majority of my brother’s employees who are all male and between 22 and 27 all express an intrest or an outright desire to switch to the Galaxy 3. I have an Apple iPhone 4s myself and for sure I am going to switch to the Galaxy Note 2 when my contract is up. So the stock looks like a good buy, but I see myself and too many of their main core buyers willing to switch out from owning the Apple product. So i am thinking to myself I beter take a second look. Apple seems cheap at $450 with all that cash on hand, but what are the “kids” going to be buying? This is called an “internal conflict” lol 🙂
    SAND on the other hand is ON SALE. Gold is in my portfolio because half the people LOVE Obama and half the people HATE Obama. This means the markets can go in one of 2 directions and gold is my insurance to cover one of those possibilities. Gold can make money, but it also can protect the money I have. Someone asked (to make a point) if I would like a hundred thousand dollars in Dollars or a hundred thousand dollars in Gold. I would take the gold – which would you take???

  2. jpbel2003 says:

    I’m in on my second gumshoe play with scpzf glre being my first. when you can get great mgrs. at book value its just to juicy to resist. Getting a good dividend cinches the deal.
    Also added a third with silu another at book value rated a buy from The Street. The dividend makes it easier to hold. Are silu and scpzf run by the same mgrs? also the etfs under the sprott name?
    I think the market has decided that glre is a viable Re Company and Einhorn adds great value. I’ll get more on dips too but its possible in a good market the dips might not be there.

  3. sdmaley says:

    Is StatOil a guess because they are working in the Georgina Basin, w/ PetroFrontier and Baraka? Long ago (in investor, not geological terms), Baraka had a story about a geologist and an inland basin in Africa, that was thought to be similar to one in the vicinity of Brazil. That geologist parted ways, and nothing seemed to come of Africa. Perhaps they will be more fortunate in the Northern Territories, where some have speculated about “the next oil and gas hub”.

  4. Kumar says:

    Today in Agora’s Money Morning, Kent Moors is flogging both Linc Energy and another small Australian shale play, Beach Energy (OTC: BCHEY).
    http://moneymorning.com/2013/02/26/the-arckaringa-basin-could-be-the-largest-shale-oil-find-of-all-time/

  5. profmad says:

    On Yahoo Financial, BCHEY has no price history and is showing one transaction, at $29.54 for Feb. 20-21. I’ve never seen anything like it.

  6. i will add too BEACH ENERGY here in aussie over mr kent moors predictions as they are in the nieghourhood,…also …CEANTRAL PETROLEME or=CTP+ ticker.they are in vicinity and share same country side…FOOD for thought…

  7. lodgeag says:

    This could well be Statoil, but would Sinopec not also be a good possibility?

  8. advantedges says:

    TRAVIS,,,just sent you an email for an update on this MOORS tease for Australian Oil. As you noted, STO is mentioned in info I have received, along with HAL and some big majors like RDS and CVX that are operating in Australia. However, which stock that was teased is up 25% already from the February hype? Moors is now suggesting he is cutting off this tease in an email I received today. I forwarded it to you. What say you and the ThinkOLater?

  9. 7oil says:

    Why if this is such agreat play hasnt Linc named a partner?
    thanks

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