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I'm sorry but if the ABT project comes off that will be no overnight fix for ENEG's fortunes, once the dotted line is signed there is a lot of work to be done before any oil will flow, we will still be looking at a couple of years to get that going, ENEG has had the chance of a steady income abate not a huge income but an income none the less out of NF and let it slip the market doesn't forget that so quickly.
Aye Peter has played the game well, he could put manys a fraudster to shame. BSE is worrying with lack of any sign of the rig being shipped, no news on whether the rig has been modified to specification, and no updated drill start time. As you say its as well we're not in the lime light or it would be a bit of a quadmire here for sure.
Hope all is well with you, a bit fed up waiting on Minty and co to prove themselves up while drawing their salaries and a little dilution here and there, little but often thinking we wouldn't notice,but a fair bit since we started trading these back in the day ;)) ENEG delivery always seems to get lost just when things start to look promising if you believe their rns's , but keeps the boys in the life they have become accustomed to for a while longer, ah life on the AIM, its great if your on the right side of the board table.
I wouldn't say that nothing in the interims we haven't heard before , adds nothing to the sp and still doesn't give the market any confidence that they are actually going to be able to pull any thing out the hat and start to make some money. They could have spent a bit of money put a pump down that well and been producing from it at a steady rate which would have at least covered the company running costs, then perhaps the market would have taken them a bit more seriously. Looks like more jam tomorrow and jam does go moldy after a time.
Yep, so 2 year give or take for Fyne production, at least the wood group wont let that date slip much if thats what they have agreed. ENEG have dealt with the NF authorities for long enough now to know how they work and how long to process takes so their in no real excuse for any delay unless someone along the line has not done what is required of them. Market confidence is of course reflected in the price here.
Some may well come of the WG deal but that will take a fair bit of time to come to fruition after any deal is signed, so we will get a bounce from that and in the event of no bad news may have a bottom of 7.5 -8.00. But what of the BSE drill, slowly slipping away, another deadline missed and no matter who's fault the delay is at the end of the day ENEG said April for the drill, their word broken yet again. Still no real production after all this time and no real income to speak of after throwing money down the hole time and again. Just being a realist going on past performance of the board.
running out once more, whats it going to be another disappointment from the board that has a good track record of failing to deliver, or some real meaning full news this time, the former will see 6.30ish followed by the mid to low 4s the later 10.5ish, we shall see shortly. As always its a gamble with ENEG.
Short !!! carefull another bounce to come from the hourly, yet all going well, oilies all down ENEG up says it all. chavin on.
What you thinking about todays rns then ? The pie is turning into a crumble I think. I think its a bad move just now, creating even more expence when they are not producing an income yet, I think they are getting away ahead on themselfs now between this and the expence of a new London office. They really should be consentrating on getting some results from GHS before going down this road, minus 5% as I type , so the market is not taking this to well either. Unless they come out with good news very soon we will see 8p or even sub 8 again fairly soon. chavin on.
Next resistance 17.5ish I think but with the stoch way up at 94 it will need to cool down a bit before we can move up there, so maybe a wee pullback then have a go at it, we shall see, a bit to go yet whatever. 17.5 before the news would be fine Randy :)) chavin on.
Nope no news as of yet, nice 300k buy and a few other good buys to push it up today so maybe news soon ? other wise 12p and fall back again. chavin on.
Oops looks like its a dot dot dot dash dash dash dot dot dot and nae a dash for the cash just yet, surprised it dropped so far but seems to be recovering a bit of ground, I'll watch with intrest for now, stoch is still a bit high for my taste. chavin on.
Evening, you've not got much downside here thats for sure, you need the stoch etc to make a wee bit of room before your rns , probilby enough room for 20% just now, you'll be happy with that I'm sure :) 292 , you canny have him on here , he'll turn it into a comedy turn :)) Mid Nov it is then, hope for the gap and the 200EMA before that, now that would be nice. chavin on.
Nice topping out candle for the day, macd on the turn. Hope it does'nt turn into sos ;)) dot dot dash dot dot , but not to far down below :) chavin on.
Would that be 30p for the sp the, bullish boy ?if your bullish does that mean you've got a beef about something ? Cant see any steak on the chart just yet . chavin on.
The Enegi BB has went the same way as the company, asleep :)) Sorry for all the off topic stuff people. chavin on.
Good morning, Hard calling this so near the top, but here goes, on the daily chart the stoch is well overbought and the weekly stoch is overbought as well , looking at the couple of days candles also says the top is in or very near, the hourly stoch is down so you may get an interday bounce to around 25 - 25.5ish . It will see the high 18s - 19 on the retrance and possibly the mid to high 14s again with a few bounces in between. This all depends on what news, hype and rumour comes of course. chavin on.
Falling macd so any bounce will be small 27.5, but I would expect it to head right down to 21.75ish with just the interday bounces on the way. Robin get the V tablet and you'll get a 100% rise :))) Sector ,thanks for that a fine easy 1 to chart , lol,I'll get Robin to mail it tomorrow, no prob. chavin on.
Got it now, will have a look. Scarlett , WSG low 20s coming chavin on.
:))) nightmares tonight, thanks for that. chavin on.