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Indonesia Energy Corporation LimitedII

Indonesia Energy Corporation Limited

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INDO trade ideas

$INDO: A Small Price for a Big OpportunityIndonesia Energy Corporation Limited ( AMEX:INDO ) is a U.S.-listed company engaged in oil and gas exploration and production in Indonesia. As of December 4, 2024, INDO's stock price is $2.89, reflecting a 4.62% decrease from the previous close. **Market Comparison:** Over the past year, INDO's stock price has increased by approximately 4.26%, while the broader market has experienced more significant gains. This suggests that INDO has underperformed relative to major indices. **Volume and Short Interest:** INDO has exhibited high volatility, with trading volumes fluctuating significantly. Specific data on short interest is not readily available, but the stock's volatility may indicate speculative trading activities. **Earnings Per Share (EPS):** For the first half of 2024, INDO reported a loss per share of $0.21, compared to a $0.16 loss in the same period in 2023. This indicates a widening loss, which may be a concern for potential investors. **Analyst Ratings:** Analyst coverage on INDO is limited. The Wall Street Journal reports one "Buy" rating with a price target of $10.00, suggesting potential upside. However, the lack of broader analyst consensus makes it difficult to gauge market sentiment. **Conclusion:** Investing in INDO presents both opportunities and risks. The company's focus on Indonesian energy resources offers growth potential, but recent financial performance and stock volatility warrant caution. Prospective investors should conduct thorough due diligence and consider their risk tolerance before investing. When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!
AMEX:INDOLong
by SiriusTrading
INDO-Weekly 26 EMA pointing upwards. -Weekly high volume 26 EMA break. -Weekly MACD just passed to upper half. -Long trades recommended. -15 min consolidation area with price right now negotiating at the bottom edge forming a probable reverse head and shoulders pattern that includes a shakeout move. Entry after the completion of the reverse head and shoulders with a clear strong bull candle. Stop loss below the pattern. Target on the opposite extreme or on some next reference point. The trade here is indicative and it is an ambitious idea. To do so, after the successful entrance that will confirm the direction, position management is necessary to evaluate the health of the movement.
ALong
by koumkouat
INDO potential massive spike There is a lot to say here. in 2022 when Russia invaded the Ukraine INDO (a junk energy company) rocketed from 5 dollars a share up to 86 as gas and oil was put under strain and Europe started having fear of supply issues. Does that catalyst exist now? I believe yes. Nobody seems to have the Israel-Iran/rest of the middle east situation correct. This is not about Palestine directly. (I am going to go into some religion here, I am doing this because that IS what this is about.) In the old testament there is the story of the 10th red heifer. The first red heifer was sacraficed by Moses, and 8 others were over a very long period of time. This sacrafice is a sacrafice of purification, (and much more but that is not important to the trade plan) and this is one of, if not the, last step the people of Israel need to complete to start the rebuilding of the temple. The grounds of the temple mount need to be purified in order to bergin construction. If you know the area you know that Al-Aqsa mosque is built directly on top of the temple mount as well as the dome of the rock. These are two of the three most holy sites in Islam. The rebuilding of the temple threatens the existance of these sites. For the Jews to rebuild their temple, the Islam sites must be destroyed as they are built on top. to keep the Islam sites, the Jews cannot rebuild their temple. The people of Israel have recently flown in 8 red heifers for inspection, and there are rumblings that the sacrafice may take place this week over Passover. That is what this conflict is all about and why Iran has attacked directly and not through a proxy for the first time ever. This conflict is JUST getting started, as this is a holy war. The IDF have their primary targets. The first targets are Irans nuclear sites, and their next targets are (after long last getting to the point) the oil refineries. If these oil refineries are hit it will cause a similar oil crunch that happened in 2022. Will the same massive spike take place? well before the 2022 spike there was a smaller jump from 2 to 7, it happened with a massive spike in volume from the normal 30-day volume average. This massive spike in volume preceded the massive rally that took place as investors started paying attention to these small garbage energy companies. And sure enough last week the stock jumped from 2 to 5 on a massive volume spike. a stock that normally trades under a million shares hit 56 million in volume. The relationship is uncanny. I believe people are starting to look at this stock in anticipation. It has the vision on it, it has the catalyst, and it has the history. This may become one of those rare situations that dont come along too often.
ALong
by jagsnms
4
INDO- an Asian oil company jumps on geopolitical event LONGINDO may have spontaneously did a moonshort buy more likely it was the geopolitical issues of Iran and a hypothetical reginal conflict impacting Iranian oil exports and the effect on oil prices and energy companies everywhere including in Indonesia where INDO is based. The chart shows abrupt volume and volatility out of no where almost instantly. On deeper analysis, INDO started moving about April 1st the same date Israel successfully targeted Iranian generals directing operations through proxies in the ambassadorship complex in Damascus. This chart underscores how geopolitics can and does affect certain markets in real time. The conflict is on pause while both sides and their allies assess strategic options. I believe that INDO could continue but then again its momentum could fail and it could roll over and fall Watching oil price will be a tip off here. Penny stocks are like catching a knife flying in the air and then trying to throw it higher. There is some risk involved in hunting the reward.
ALong
by AwesomeAvani
3
$INDO Next Target PTs 18-30 and higherIndonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 1.52 million barrels located to the northwest of Pendopo, Pali, South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 square kilometers located onshore in West Java. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia. Indonesia Energy Corporation Limited is a subsidiary of Maderic Holding Limited.
ALong
by BADQOMOCAWGOWLD
1
INDO and all things OIL PUSH BABY PUSH- Commodity push incoming I feel. - Beaten down due to some big investor unloading 9 mill shares or something along those lines a while ago, which is why it changed from being small cap leader among HUSA, IMPP and CEI for energy push. Big volume coming in now. Ya love to see it. - Oil swung lows and all commodities are on some support at the moment. If we get a push higher from the sector I think energy is a solid bet. - France energy is 70% nuclear and an exporter to EU. Currently in a heatwave where water is too hot to be properly cooled and released back to the river or wherever its coming from. Another supply constraint that could be just around the corner if they have to power down reactors = Yet another bid on energy in an already constrained supply - Nothing changing with EU/Russia relations means we have the backing for a push moving forward for oil and energy in general and this puppy is correlated to CL like a MF. - Many more macro tailwinds but not getting into it all. Looks like up only TV
ALong
by SlapAsksLiftOffers
1
INDO $ Bottom Areawe broke our triangle down , however we seeing a strong buying pressure above our current support the 6$,now we going to retest our Resistant around the 9.455$, and if we got rejected, we will continue to go down to retest the support 6$, and if we did't hold, we will see the price go to the bottom price level for this year above the 3.40$. and if over come the resistant 9.45, we will see a reversal in the bearish trend , and the 6$+ will be confirmed bottom for this year . AMEX:INDO
ALong
by TRADING-JESUS
3
$INDO entry PT 10-ish Target PT 47 and higher Timeline: SeptIndonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 2.63 million barrels located to the northwest of Pendopo, Pali, and South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 square kilometers located onshore in West Java. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia. Indonesia Energy Corporation Limited is a subsidiary of Maderic Holding Limited.
ALong
by BADQOMOCAWGOWLD
$INDO Next Target PTs 47-69 and higherIndonesia Energy Corporation Limited operates as an oil and gas exploration and production company in Indonesia. It holds interests in the Kruh Block, a producing block covering an area of 258 square kilometers with net crude oil proved reserves of 2.63 million barrels located to the northwest of Pendopo, Pali, and South Sumatra; and the Citarum Block, an exploration block covering an area of 3,924.67 square kilometers located onshore in West Java. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia. Indonesia Energy Corporation Limited is a subsidiary of Maderic Holding Limited.
ALong
by BADQOMOCAWGOWLD
Someone Is Smoking INDO: Apes are high on Indonesia Energy Corp. Last Closing Price: $61.50 50-Day Simple Moving Average: $7.00 Volume Weighted Average Price: $63.50 Relative Strength Index: 94.48 20-Day Average Daily Volume: 17,946,576 Shares Outstanding: 7,447,95 Available Borrow: 0 Borrow Fee Rate: 0% News of a potential ban on Russian oil in the U.S. on Monday led to a rally in nearly every small-cap stock remotely related to oil. The darling of the bunch was Indonesia Energy Corporation Ltd. AMEX:INDO , which is the latest battleground stock of self-styled retail apes. A month ago, it was hovering around $4.30 per share. Yesterday, it closed at $61.50. Here’s why it won’t cruise at that altitude for long. No matter what happens to the Indonesian Crude Price index, and no matter how many barrels the company pumps from its one producing oil block, INDO won’t generate sufficient cash flow to fund its operations and capital expenditures this year. That’s not just our opinion. It’s what the company shared in the notes to its most recent financial statements , which, like the notes to its previous financial statements , disclose doubts about the company’s ability to continue as a going concern. Founded in 2018, INDO is a development-stage cash furnace that burned through $2,835,512 in the latter half of 2021. Its operating loss for the six-month period was $2,933,230, which was an improvement from the $3,838,218 it lost in the second half of 2020. The losses will continue as the company ploughs resources into finding sufficient reserves in its non-producing Citarum Block. Drilling for cash To accomplish its ambitious plans, INDO will have to raise significant additional financing within the next 12 months. As of Nov. 30, 2021, insiders controlled 79% of the company’s ordinary shares outstanding, and the company had a public float of only 1,547,685 shares. Thus even a modest issuance of less than 1,000,000 shares could significantly dilute shareholders and put downward pressure on the company’s stock price. In January, shareholders got a taste of the kind of financing INDO will likely come to depend on. The company sold a $7,000,000 private placement of an 18-month convertible note with a conversion price of $6.00 per share and five-year warrants to purchase up to 537,070 ordinary shares at $6.00 per share. Issuing all the underlying shares would more than double INDO’s public float and increase total shares outstanding by 23%. Terms of the placement favored the buyer over the issuer. The note was sold at a 6% discount to face value, and the conversion price of $6.00 per share is subject to full ratchet anti-dilution adjustments if the company issues additional ordinary shares. The buyer was L1 Capital Global Opportunities Master Fund, Ltd., which is a hedge fund that routinely participates in such private placements. Legacy of losses Let’s take a look at what tends to happen when issuers sell shares to L1 Capital. This table shows 73 private placements in which the hedge fund has participated since 2017. We selected only private placements of stocks that were publicly traded at the time of the sale so that we could compare the adjusted closing price on the date of the share purchase agreement (SPA) with yesterday’s closing price. The average annualized rate of return is -43%. If history is any guide, INDO’s moment as a high flyer will be brief.
AShort
by shortfinder
$INDO Next Target PT 75 and higherStonegate Capital Partners Updates Coverage On Indonesia Energy Corporation Limited (NYSEAM:INDO) DALLAS, TX / ACCESSWIRE / February 3, 2022 / Indonesia Energy Corporation Limited (NYSE American:INDO) : The full report can be accessed by clicking on the following link: stonegateinc.com Feb2022.pdf COMPANY DESCRIPTION Indonesia Energy Corporation Limited (IEC), through its subsidiaries, operates as an oil and gas exploration and production company in Indonesia. It holds 100% interests in the Kruh Block, a producing block covering an area of 63,753 acres with net crude oil proved reserves of 1.98 million barrels located to the northwest of Pendopo, Pali, South Sumatra. The Company's Citarum Block is an exploration block covering an area of 969,807 acres located onshore in West Java. The company was incorporated in 2018 and is headquartered in Jakarta, Indonesia and has a representative office in Danville, CA. SUMMARY Stable cash flow generating property - The Company's Kruh Block is an onshore, producing block covering an area of 63,753 acres with net crude oil proved reserves of 1.98 million barrels. The block produced an average of 200 BOPD in 2020 with average production costs of $21.34 per barrel of oil. Drilling program points to further growth - IEC's short-to-medium term objectives for the Kruh Block entails (1) optimizing the block's upside potential to increase reserve value, (2) increase production within the next 4 years with 18 new wells, and (3) generate free cash flow and increase IEC's value. To this end, IEC launched a reserve development plan that will see it drill 3 new wells in 2021 followed by 3 wells in 2022, 6 wells in 2023 and 3 wells in 2024. Each well is expected to cost ~ $1.5M and once all 18 wells are completed, IEC is targeting $264M in future net revenue. 'Derisked' assets with proven presence of hydrocarbons -The Citarum Block is an exploration block covering an area of 969,807 acres located onshore in West Java. The block is located 16 miles from Jakarta, a major gas consumption area in Indonesia, which significantly derisks the asset. Additionally, the Citarum Block is in the Northwest Java basin, which has a long history of exploration and production since the 1960's. Importantly, the area has an existing pipeline network that will allow the gas produced from the Citarum Block to be directly distributed into the market. IEC's first priority with the asset is to confirm the value of the block by proving reserves and then monetize the asset through production and sale of natural gas. Indonesia has positive macroeconomic drivers - Indonesia is the largest economy in Southeast Asia, the fourth most populous nation in the world, and the 16th largest global economy. Additionally, over the past 10 years, Indonesia average annual GDP growth rate has been more than 5% per year. Given these macroeconomic tailwinds, total Indonesian energy demand is projected to grow 5.3% per year through 2050. Valuation - We are using a DCF model to generate a NPV for the Company's Kruh Block. We model production numbers and costs largely aligned with management's forecasts. We then use a 10% discount rate and incorporate a sensitivity analysis to crude prices to arrive at our valuation range of US$7.75 to US$11.75 with a mid-point of US$9.75. See page 6 for more details along with our discussion on potential upside for the Citarum block.
ALong
by BADQOMOCAWGOWLD
3
$INDO Target PT 20 and higherFusion Fuel Portugal Secures Nearly €10m in Grants for its Benavente Electrolyzer Production Facility SINTRA, Portugal, Feb. 24, 2022 (GLOBE NEWSWIRE) -- Fusion Fuel Portugal, the wholly-owned subsidiary of Fusion Fuel Green plc (NASDAQ: HTOO), announced today that its industrial production facility in Benavente has been deemed a project of merit by AICEP, Portugal’s Trade & Investment Agency, due to its special and strategic interest for the Portuguese economy, and therefore secured funding support for its development. Fusion Fuel is developing a state-of-the-art, automated industrial facility where it will produce its proprietary HEVO technology and HEVO-Solar generators. The facility is expected to come online in mid-2022 and, when fully ramped up, will have an annual productive output of roughly 500 MW of electrolysis capacity. As part of the agreement with AICEP, Fusion Fuel has secured funding of around 25%—just under €10m—of the total capital investment in the production facility. The funding is split in two components: direct financial support for eligible expenses, and tax offsets available to the company over a period of several years. Fusion Fuel’s Chief Production Officer, André Antunes, commented, “We are excited about the development of Fusion Fuel´s Benavente Facility. Working together with best-in-class automated manufacturing specialists from across Europe will enable us to build one of the most advanced production plants in Portugal to date, across all industries.” Frederico Figueira de Chaves, Fusion Fuel’s Chief Financial Officer, highlighted, “The Benavente plant lies at the core of Fusion Fuel´s growth strategy and its implementation a foundational pillar for future success. We are pleased to have the support of the Portuguese government and related entities in establishing this world class facility and in investing in innovation in this important emerging industry.”
ALong
by BADQOMOCAWGOWLD
1