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for 7p
aside from the 22 mil in the bank...
frustratingly!!
To suggest that this isn't a buying opp when mcap is essentially cash is just plain lying... As for this institutional investor that supposedly advised daisyp to sell at 10, sod off with your lies somewhere else
Topped up on the dip. Pretty much at cash value now so surely got to bounce
Hi DYOMAAR. Uncertainty surrounding oil prices undoubtedly creates a reluctance to invest in small players like EDR. Perhaps I would have expected a slightly increased rise in SP but really not that surprised it hasn't rocketed up too much. Way too much uncertainty right now but I still believe this is a fantastic investment in the long term. Especially at these prices. As always, PDYOR, ATB and GLA
IMHO we will just have to sit it out with EDR. There is a lot of uncertainty surrounding oil now and oil prices certainly don't help. RNS is very positive and pleased with the news but not surprised there hasn't been a huge reaction SP wise. Just hold tight and HFTB. But as always, PDYOR, ATB and GLA
IHWSHS As always PDYOR, GLA, ATB
Oil prices down could be causing the decrease in SP but I'm still surprised by how large the drop off has been.
I think both EDR and IGAS were caught up in the hype SP wise. They both reached unrealistic highs and as the Shale Gas hype cools off a bit both SPs are reacting. IGAS especially has much more focus on shale so the uncertainty surrounding it is what is causing the slowdown IMO. As I said before, the main upside of both companies is Shale. If after researching you believe Shale Gas is something the British Government is going to allow (perhaps even advocate and push for) then that takes away significant worries. It will be very interesting to see how IGASs drills have gone when they give an update. If their drilled wells provide positive information regarding the shale below expect both shares to jump up a bit. I haven't looked in to the trades of either shares but there could be some purposeful depression of the SP in order to buy in cheap but don't quote me on that. EDR keeps plummeting over the past few days and I can't really see the reason behind such a rapid fall. As is always the case on the AIM, very, very hard to know much about all the goings on so I much prefer to sit tight and wait for the real news. I have done my research and I trust it so I am fairly relaxed.
Currently, the SP is based on market sentiment. The anti-shale movement is creating a head of steam so SP is reacting. From my fairly substantial research there is little doubt in my mind that fracking for shale will go ahead. The major government parties support it and we as a nation can't afford to at least check the commercial viability of shale gas in the UK so the anti shale movement won't affect EDR in any substantial way in the long run. I am in and I am quite happy to wait, regardless of what the SP is doing right now as I am confident for the future. What is most positive about EDR, is that shale gas exploration is just one part of the business, there are conventional operations also. The downside risk, in my mind only really comes in to play when we frack for shale, with the downside being the possibility that there is no commercially viable shale. This SP hit 43p at one point all down to sentiment surrounding shale gas, so that tells you something about how high it can go if something genuinely positive happens. All gas exploration firms are fairly risky but Egdon is one that presents less downside risk than most whilst still having a pretty massive upside potential due to its shale operations. If you were invested before I'm guessing you are aware of most of that, perhaps got spooked by the SP drifting south? Get in and hold tight would be my advice but as always DYOR and make a decision based on that. Share chats like these should only play a very minor part in the decision making process IMO.
I've been in since 8p so I'm more than winning. Posting Daily Mail articles is idiotic. I am filtering your useless posts out now.
I have no issue with you having an opinion, my issue is with post after post of repeating the same opinion. We know your thoughts, it is no longer useful to see you opinion because it's exactly the same as every other post you've made over the past few months.
cautious! We've seen you state your position over and over again, we get it! You are way too cautious for oil and gas exploration, you don't need to shove it down our throats every day. Just a little hint for you as well. We can't afford not to at least explore the potential of shale in the UK so if you are worried that public sentiment might affect the eventual fracking for shale gas, then you should probably do a bit more research. For all the 'DYOR' you keep putting up you don't seem to have done anything but look at the mainstream media which anyone with half a brain will tell you isn't the way to make investment decisions, especially regarding oil and gas exploration.
Yeah, there is a lot of information out there but often with oil and gas exploration it's never easy to choose! I'm in Egdon because I like the long term possibilities of shale but Egdon have also got more conventional oil drills that could succeed such as Wressle which is looking fairly positive after the preliminary drill. All in all it is a great bet. Anyone like cautious who wants to get involved in oil and gas exploration have to be willing to take on the risk, it is rare that you are going to get a no-brainer investment in O&G exploration but Egdon is probably as close as you are going to get and it is still a risky investment so that tells you a lot! Lots to be positive about with Egdon though!
Kashmir, if you look back a bit I've stated my reasons for believing Egdon to be a buy. I am a bit busy to write it all again but had to respond to cautious and his usual de-ramping tactics.
I wouldn't listen to anyone who says strong sell without actually backing that up with some factual evidence or any sort of statement to support their view Kashmir. You are right to think EDR is in a good position. As far as oil and gas exploration goes, EDR is a great bet and it's definitely a BUY in my opinion. Unfortunately you get chumps like cautious on every share chat who just come on and spout rubbish without backing up their statements. How about you sell short the share cautious and put your money where your mouth is.
I am surprised at the fall back today. I don't agree with cautious that the statement was muted. It was a preliminary results statement and actually comes across as the opposite of muted for that type of statement. I thought a 5% rise yesterday wasn't quite enough and so the fall back is surprising today. Things are looking up for Wressle though and hopefully the testing of the find will be positive then we can expect a considerable SP rise in my opinion.
Their market cap is a lot smaller so for day trader types it's a better bet for a higher profit. Plus because of the much smaller market cap this find is worth more to them than it is to us even though it is very pleasing news for us. That would be my reading on the situation.
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.