Just sit tight this is not a one night wonder but there are too many big boys involved here for it to suddenly head south and disappear off the radar long term I personally feel this is good we all need alternative energy
RE: cautious 7
Look mate, I'm sure you're posting for the right reasons but the Dailymail really isn't a good source of news. I think Egdon has great potential personally and the steady slide south doesn't actually worry me at all at this moment in time. Fracking/Shale Gas is a while off for the moment but will be worth a fair bit to Egdon if there is some commercially viable shale. Oil and Gas exploration is inherently risky and it is mainly news based so if there is no news around a general slide south is fairly expected (especially with all this furore about fracking going on) so the slide south is really not that worrying to me. Hopefully Wressle has been a successful drill, personally I don't know what to take of the slight delay. Could be any number of reasons either negative or positive. It also could just be because it was supposed to take around 38 days and it in fact took a little longer. Who knows. The fact is Oil and Gas exploration is always a higher risk sector to be in and if you're thinking of a few K to put in maybe put half of what you are thinking and that might be an amount your willing to be in with. It is a gamble as is any oil and gas exploration firm but Egdon have good enough prospects without shale and long term I think it has great potential. Shale Gas is almost certainly going to happen regardless of what Greenpeace think about fracking. The UK government (whoever it may be come 2015) can't afford not to push fracking and shale gas exploration. The less dependence we have on other nations for our oil the much better it is for us so I wouldn't let an article in the Dailymail about some woman's house losing value put you off the investment. There are reasons not to invest in Egdon but the furore surrounding fracking is one of the smaller ones to be honest when you analyse both for and against.
RE: cautious 7
Hi Hbev12. The DM, like all other papers they have their good and bad bits. My postings are based on what I read, hear and see. Importantly I study SP's and fundamentals and noted that fracking shares take off leading to expected good news, add a bit more on the news, then a steady slide south. IMO, EDR is a better gamble than Igas, but could be wrong. I dont see any support levels at the moment. I have been tempted to gamble a few k, but dont want to throw my money away. If I was to gamble tomorrow I'd go for Edr
RE: cautious 7
Free tip: stop using the Dailymail as a source of news and people might take your views seriously. Until then, expect people to be rude to you as your de-ramping has absolutely no basis to it whatsoever.
29th Aug 1014hrs I made a buy of 1,400 shares, this was shown as a sell as we're the trades before and after mine even though they were at a higher or same price as my trade. It's not really a true reflection of what is going on, I think the sp will rise this week.
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