The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
h&n, bang on as per usual. I'll sell a whack of shares on that 15% and buy them back when it settles.
GLA
Another source ... http://clients2.weblink.com.au/news/pdf_1%5C01989930.pdf
Sorry, Drillship Poseidon on it's way to Cormorant -1, Namibia. Spud to commence in September.
The drill ship Poseidon is on it's way to Namibia. Spud to commence in September.
Thanks bigspike, fleshed out here ... https://www.energy-pedia.com/news/namibia/chariot-oil-gas-secures-ocean-rig-poseidon-to-drill-offshore-namibia-173768
There doesn't have to be any rationale for selling in May. When it comes to a stocks worth check the markets asking which is what it's worth, never mind the expected news, it's for punters.
The TSX sells off to some degree at this time of year, the old adage sell in May and go away still has it's followers. I'm surprised the stock is still holding the $0.50/29p line.
Don't shoot the messenger mates but according to people in the business one simply can`t use, or rely on technicals when it comes to penny stocks. Bashing the TSX-V one day and using it as a metric the next is a curious past time indeed.
I have no love for the Venture. On a less personal note here is a bullish 'Seeking Alpha' oil article worth reading - for those that may not appreciate just how much of a major player Total is ... https://seekingalpha.com/article/4160397-oil-supermajors-seven-sisters-battling-top-oil-honors?ifp=0
Both TSX-V listed PAW and VEL are in the midst of legal battles with the Kenyan government after having their blocks taken back from the government. Any discussion of unfair contractual arrangements whether terms are legal or not leaves me cold - I don't need any more flies in my investment ointment.
Having shares on hold in Kenya - while the courts decide their value, reading this article left me cold. While we are dealing with a stable regime in Guyana for now, perhaps Eco might now consider pushing up their time table.
When you get an answer will the increased likelihood of � dare I say the word - gas be mentioned?
My last post was a short term view of course ... here is what you are up against from the TSX Venture's MMs. 17 Integral and 59 PI have been around for years now it appears 58 Qtrade has joined up. Look at the size of the 'trades'. Recent Trades - All 3 today Time ET Ex Price Change Volume Buyer Seller Markers 09:30:00 V 0.62 -0.03 32 59 PI 58 Qtrade 09:30:00 V 0.65 -0.03 20 79 CIBC 59 PI 09:30:00 V 0.62 -0.03 500 17 Integral 58 Qtrade KL
Even a drill date that is announced too early will see the MMs recalibrate the sp once again and a premature Total announcement will only add to the volatility and make the investment look even more unattractive.
TSX-V ... 62 cents, this could be revisting the fifties.
You might find this site handy for keeping an eye on the 'trades' over there. 17 Integral is the main player responsible for the propping up of the sp - has been for as long as I can remember. http://www.stockwatch.com/Quote/Detail.aspx?symbol=EOG®ion=C
TSX: 2x1,000 share trades and a 500 share trade.
http://www.ecooilandgas.com/_resources/presentations/EOG_Presentation.pdf
Support found at 17p.
Rig Contracted to Drill Cormorant-1, here we go!