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EGO - Empire Oil & Gas

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Re: EGO - Empire Oil

 
Re: EGO - Empire Oil

Hi All,

I'm new to the stock market and looking to buy EGO. Should this be a good buy or should be watching it for the time been? Any pros have any advice?
 
Re: EGO - Empire Oil

opting out of the last 200m is not such a bad thing, playing it safe. They still have the right to get back in if the bottom zone is found to be productive. this will incurr some penelties but better to be safe then sorry.
Click to expand...

You were right craftyluke.
And EGO is back in.
Thank you for your knowledge.


phcuk,
EGO is going to drill the thornbill 1, moriary, star finch 1 and lake mcleod next.
Have a look at the annual report and investigate.
I am holding.
 
Re: EGO - Empire Oil

phcuk said:
Hi All,

I'm new to the stock market and looking to buy EGO. Should this be a good buy or should be watching it for the time been? Any pros have any advice?
Click to expand...

EGO is probably not for the conservative investor. There is definatly a fair amount of risk involved the same as most exploration companies. I take some comfort that they are working with ARQ who have good management and come up with some good results.
 
Re: EGO - Empire Oil

They obviously believe that the chances of success have increased. Whether they're right or not remains to be seen.
 
Re: EGO - Empire Oil

rub92me said:
They obviously believe that the chances of success have increased. Whether they're right or not remains to be seen.
Click to expand...

Really? Could also signal they they are prepared to work to plan and can be counted on when committed? Maybe you're correct, but seems a bit of an assumption...
Anyone else?
 
Re: EGO - Empire Oil

I once was told that the market or those in it often "know" whats comming.

I guess that EGO have seen an upside to partaking in the project now.
Would like to see the sp improve just a little more before convincing me that this company is on the way up again.

Been on my watchlist for quite some time, so its rather appealing again lately.

DYOR
 
Re: EGO - Empire Oil

I'm not sure they know anything special - they backed in on Friday and the formation began testing on Sunday. I assume the penalties increased the longer they were out or once HC's flowed.

The market certainly seems focussing on the "no hydrocarbons" and relatively low pressure for the moment. After losing all that mud, it doesn't surprise me that there's nothing in the first few thousand barrels, but I'd be nervous if we don't hear something in the next day or two.

Disc: I don't hold EGO.
 
Re: EGO - Empire Oil

Hi guys

I just wanted to ask some questions about this stock.

1. Do you think it is possible for it to go back down to 0.005, 0.006?
If so how and why?

Thanks for any help.
 
Re: EGO - Empire Oil

Dollarmite said:
Hi guys

I just wanted to ask some questions about this stock.

1. Do you think it is possible for it to go back down to 0.005, 0.006?
If so how and why?

Thanks for any help.
Click to expand...

Hi Dollarmite. Welcome.

IMO YES, possible as these penny share are far more volatile, and long term support for this is at 07c-08c.... from a chart pov...

Think the market is priced in the news already, and merely waiting time for confirmation.

SevenFX
 
Re: EGO - Empire Oil

No movement on EGO, no chatter.. but Just noticed a 50Million share observation totalling 1Million dollars entered at 2c

Will it stay or will it Go...???
 

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Re: EGO - Empire Oil

Yeah hello, you picked up the 50 million order, but have you seen the existing 20 million order above that, or the two other 20 mil orders that appeared thursday and monday, all at .2 cents.

I have been watching the previous two 20 million lots being taken out. But as each one gets eaten another 20 million, and now 50 million order comes in at .2.

Adding them together 3x20 million + 50 million = 110 million EGO shares
This works out to 2.2 million dollars worth of shares .2.

Given the amounts and their size, in my opinion its a good chance there is a huge buyer trying to gain a substantial number of shares.

The next question is why?

Do they know something?

2.2 million dollars is a large amount for a penny stock worth 2 cents...

So yes, Im in!!!
 
Re: EGO - Empire Oil

hmm, bought these a few weeks ago at 2.4c cos i had no idea what i was doing :\

i'm goin on a holiday so i wont be trading till jan.. hopefully EGO can suprise me once i come back
 
Re: EGO - Empire Oil

looks like the big 50mill pulled this morning....

Some 20mill shifted lower... and so the story goes...

EDIT: .02c line nearly all gone... 1mil left
 
Re: EGO - Empire Oil

that 50 mil order dropped down to a 1.9c buy... wants to save $50k by the looks of it..... buts what $50k on a $1mill order between friends.

I think that they are collecting ready for the Ann of a basin of more oil that Saudi Arabia.... and some humor ofcourse
 
Re: EGO - Empire Oil

Jockstar73 said:
that 50 mil order dropped down to a 1.9c buy... wants to save $50k by the looks of it....
Click to expand...

OR maybe it was a poor attempt to drive the stock up from mexican standoff.

And looks like the Chicken's got legs and Ran. But alas she's back just somewhere safer..

cant see it getting filled IMO

SevenFX
 
Re: EGO - Empire Oil

Well I bet it got filled today unless they took that order off the table!

Wow It was a pretty big drop for EGO today.

Investors just dont like ANY bad news when it comes to oil exploration {or any company i suppose}
 
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