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Bloomberg China is ramping up Gas import before winter set in
putting pressure on the price trying to out bid Europe WTF is going on
they are saying there is a big Energy crises happening over there
and expect OIL to hit $90 IT'S ALREADY AT $80
ECHO ENERGY is going to be cash rich I tell you, with no debt to pay to 2025
and anyone slating it off to get in cheaper, should be ashamed of themselves
1 Trade so far ! with oil heading towards $90 crazy share price action .
Maid308 bless you. You think that myself or others on this board making negative comments effects the SP. Bless you. Naive is`nt the word.
Azbba why is the SP dropping. If all our contracts are with industry and Echo is making so much money and everything is rosy in the garden why is the SP dropping. We have little spikes and then it slips back. Tell your family the investment has gone South. Your mate will be ok though. £500,000 a year even after tax you can put some serious dosh to one side for a rainy day. Just think he has until 2025 before we have to pay any of the debt. Another three and a half years of £500,000 a year. Lovely jubbly.
I have said it before - if I was CEO/MD i would be adopting a PR offensive to inform the market that we are a Producer at a time of massively increasing oil and gas prices - surely a 7 million MCAP on this is far too low in relation to its income generation which hopefully we will be informed about this week. Come on guys start to entice investors to Echo - MM's will drop this down continually until they find buyers so don't be surprised, if, without news we fall further....by the way I am holding a load of these and want the re-rate just to be clear.
Doesn't matter how you cut it , energy costs generally are skyrocketing - as a low cost producer something of an encouraging backdrop for ECHO. The first clear indication of production returning to 2k+ boepd after essential infrastructure fieldwork will see a sharp re-rate IMO.
100pc emc and ducks must now be in a row with energy costs skyrocketing (globally) - as a low cost producer it's a golden backdrop. 1st indication of production returning to 2k+ boepd after infrastructure upgrades should see that re-rate.
UTI
The sp is dropping because Echo has missed the boat with regards workovers and and delays with what they promised over the last 18mths other than kicking the IOU payments down the road.
I think it's a case of what could have been.
Golly just think of the bonus MH would be in line for if they had done what they told us they were doing. (The bonus might happen anyway)
The positives that are being pointed out are positives so we have to polite and agree with them on that.
Bgas futures has electric 2p down by April 1st and gas down .5p. All i am saying is that constantly stating that the prices have rocketed does not seem to be doing anything for Echo`s SP. I could agree with everything the positive minded people say because they are correct to point those points out. However, the SP still falls. There must be an underlying problem we are not seeing. I want the SP to rise lets make that clear. Lack of clarity by the board must be an issue
And echo sitting in the basement.
Plenty of shares out there making serious money yet pi's faffing about with this .
“…in the basement”? LMAO - A yawning gap with OG prices now. Gas is going insane!
Games being played out? Wouldn’t be surprised. May see a 15-25pc drop - clear out and then 40-60pc rise within a few days - keeping powder dry - nibble, nibble.
Fair value? Not sure mr mkt has this one right.
Jaggers you are clearly on a different planet to myself. I am now understanding this board more. There are posters who have good knowledge, far more than myself and make good interesting points and there are posters from cuckoo land. 40% to 60% rise. La la la la la. Jaggers you are in the latter. I know it hurts to accept you have lost your money but you have. Maid308 no idea what your on about.
Jaggers you are clearly on a different planet to myself. I am now understanding this board more. There are posters who have good knowledge, far more than myself and make good interesting points and there are posters from cuckoo land. 40% to 60% rise. La la la la la. Jaggers you are in the latter. I know it hurts to accept you have lost your money but you have. Maid308 no idea what your on about.
Is that an echo Util?
Util, you have far too much to say. You are not the oracle.
The fact that you complain so much (and seemingly exclusively about SOU and ECHO) says a lot about you and your ‘interest’ in this Co.
Jaggers obviously the truth hurts. You can ignore me, laugh at my posts or filter me. What you will not do is stop me expressing my opinion. All you `here we go` `off to the moon` `SP will take off soon` zealots just cannot handle the truth. SP down again today.
For balance yes it is down from an artificial 0.60 SP (last trade last night) but today is seeing more volume on the BUY side and I do think we are close to news - good or bad but definitive news which will or should highlight in detail our revenue and profit for the period to end of June and give an update on the wells getting a workover - I think we will see this slowly moving into the 0.60's or higher in anticipation - what I do know is that 7 million MCAP makes no sense....IMO
“You can laugh at me, you can throw me in the sea, you can make a bonfire of me…”
GoonShow 1953
BTW What’s with the quotation marks on yr keyboard…? (LMAO)
What is it with these SP obsessed people. Have you ever invested. Do you only invest in something that constantly goes up?! Because nothing really does. I am invested in CPI and RR. Guess what haters been banging about "look at the SP", well who is laughing now.
SP today does not represent the SP tomorrow
Bit I find hard to believe is these "haters" tell us they are share holders yet they are on here day in day out bashing the company and doing their level best to rubbish everything about the company, very strange that any investor would do that.
totally agree - I am down 20% but not a tad worried as I invested in the fundamentals so if I get it wrong only me to blame but I still believe here but have some criticisms on communication and lack of news - we as shareholders should be engaged in the process and be informed as regularly as possible what is going on - Echo struggle to deliver that to me as a fairly big shareholder....hold on though and be patient - if you don't believe then go into something you believe in...SIMPLES!!!
abz
You wonder why some bang on and bleat so ...
Some don't know they've been conned, some others know full well they've been conned and are very resentful. The final group are the ones in denial
Nurse nurse, can we have some resuscitation equipment over here please!!!
again ranger you say your not invested but your post at 10.12 today you talk about the company as if you are invested or work there (Remember these Gas compressors WE bought )
https://www.reuters.com/world/americas/argentina-loosens-covid-19-restrictions-will-ease-open-borders-2021-09-21/
Looks like the waiting for Campo limite testing is nearly over! Let the gas flow Echo!!!
My poor grammar
I'm retired and also no longer do consultancy work.
I did remember the gas compressor purchases and thought it odd. £61k+ a month for 36 months.... 3 years to pay off old plant. What could go wrong? This to save how much?
Now WE this is a one company BB is it not? WE as posters to this board collectively talk about one company.. Echo WE share the company as the subject at hand.
I also remember the RNS saying we owned its own workover rig called Eagle which was being moved but not a peep about it since.
I did question how a company with so few employees would want to own and run its own work over rig.