Woukd I be right in thinking you completely dismiss company fundamentals and look purely at historic charts & data?
'Buy and Hold won't work here' Quite a stong view point Mike. So basically, that comment indicates you don't think the share price will ever move above it's current level - 35p? I strongly disagree, of course Buy and Hold will work here.
Should I be worried? Thoughts about constant decline?
Either way, the SP isn't doing much. My whole portfolio is red today, across a variety of sectors - the election?
Let's be honest, crude is up & down like a wh*res pants. It's very sensitive to news, even remotely related. Opec's inability to reach an agreement is having an obvious knock on effect, coupled with the constant threat from the 'militants', but I believe any further drop poses a great opportunity. ELA is a cracking little company, just think we'll need to hold for a little longer than expected.
Agreed maestro1, very disappointing....pipeline opened, a minor attack, all quiet? Share price is dipping daily. Was hoping we may seem some fireworks by end of Q4, moving to a long-term hold?
...seems to be ticking down...oil price is having an impact!
Odd trades?
Good post Mike. Definitely some food for thought in there. Lots of factors to consider here....
Nice 23k buy...loving the blue. Pardon my stupidity, but does anyone know if forcados is closed again? The reports are a little vauge...
Good overview Mike, but this is really just another buying opp IMO. We all know the risks here, and they're certainly factored into the current 'low' SP...good tine to average down, IF the sp falls...
https://www.google.co.uk/amp/www.cityam.com/252608/yep-brent-crude-oil-below-50-again/amp Bunch of monkeys!
Quiet today, c'mon ELA wake up!
You always instil confidence Trust. Love it. Onwards and upwards....
There's a surprise. The government will soon have to agree terms with these fools or get in the army as this issue does not seem to be going away. Surely these militants are playing a risky game stepping on US toes?
Ps. Thanks for the valuable info Trust. FINALLY opened - great news. Happy to be back in this little gem.
Thanks Trust. Managed to get back in at 42.5, happy with that. Trying to out another holding so I can get in for a bit more....
I hope you guys are right, but we've been reading updates like this for months. I'm a massive supporter of ELA, but while attacks persist this price remains unstable. I admit, I'm looking for another entry point, mid thirties ideally, but RNS or not, until this pipeline is fully operational & faith has been instilled it's anyones guess.....
20's would be a steal Trust, but yeah I'd be happy with mid-low 30's. I agree with Plant, this will certainly be over £1 at sone point, soon hopefully. Company fundamentals are great, it's just the constant threat of attacks...
Unfortunately until the governement agree to their demands, or at least agree a mutually beneficial ceasefire this will continue. Back to bargain basement prices I think. Out at 42p - 7k profit, so cant grumble. I'll look for lower entry point...I think this may head back to mid-low 30's now...shame, great little conpany if it wasn't for the constant dustruption.