EGO - Empire Oil & Gas

[rub92me]

Re: EGO - Empire Oil

gee wizz davidb1 your going in strong,

can someone explain to me why the volume has a red and green? is it for bought and sold? also how does the volume relate to the SP? just trying to understand the above graph better.
cheers

Volume bars in red means that the close price was lower than the opening price in the timeframe measured (1 hour in this case).
So what I see is that when price is moving up volume is relatively low and when price is going down it does so on relatively high volume. I interpret that as supply coming in (i.e. big holders unloading) everytime the price attempts to climb higher, i.e. bearish in the short-term. The problem with these speccie shares is of course that they're more driven by news rather than technicals, but barring any news I expect this to go down in the short term.
Note: I don't hold and for holders' sake I hope I'm wrong.

 

[Datsun Disguise]

Re: EGO - Empire Oil

Of course it depends on what you mean by short term b9 - but news flow shouuldn't be an issue over the next 2 months. Sounds like star finch will be spuding within the next couple of weeks, then macleod then stokes bay testing.

I got my SPP docs today - it includes an 08 - 09 activity statement. Plenty of targets for the next 18 months, looks like gingin is lined up for drilling in '09.

I'm still torn between holding for the 'big one' or trading the spud dates. My head is telling me to trade, but my gut is telling me I'll end up missing out on the real moves... still haven't found a crystal ball I can trust either..

 

[NickVC]

Re: EGO - Empire Oil

I'm still torn between holding for the 'big one' or trading the spud dates. My head is telling me to trade, but my gut is telling me I'll end up missing out on the real moves... still haven't found a crystal ball I can trust either..

how about satisfying the head and the gut -trade half of your holdings to make a bit of cash from trading the fluctuations and the spud dates and, the other half, well take a punt and go for the big winner?

 

[DavidB1]

Re: EGO - Empire Oil

gee wizz davidb1 your going in strong,

can someone explain to me why the volume has a red and green? is it for bought and sold? also how does the volume relate to the SP? just trying to understand the above graph better.
cheers

yea going to by more 2morrow
if didn't have 50k in glx i would by more lol

and Datsun Disguise i'm with u don't no if i should sell out after spud dates or hold

 

[deanoman]

Re: EGO - Empire Oil

How long will they be in star finch before they hit lake mcleod. Also lake mcleod is there big one right!

 

[NickVC]

Re: EGO - Empire Oil

How long will they be in star finch before they hit lake mcleod.

They have predicted Star Finch to take 20 days, Lake McLeod is going to be drilled "back to back" with Star Finch. Have a look at the 17 June company announcement for full details.

 

[DavidB1]

Re: EGO - Empire Oil

bought some more to day .024 hope to see sp go up monday
drilling starting soon

this is so under valued .024c its a joke

 

[prawn_86]

Re: EGO - Empire Oil

bought some more to day .024 hope to see sp go up monday
drilling starting soon

this is so under valued .024c its a joke

Please enlighten us as to why it is undervalued DavidB1.

There is no assurance they will hit anything drilling, or if they do that it will be recoverable.

how about a bit of analysis to back up this ramp?

 

[DavidB1]

Re: EGO - Empire Oil

1.Star Finch, and within 1 weeks the drill onsite and drilling of Star Finch 1
2. Pre-works in the process for Lake MacLeod 1;

Assuming the Star Finch-1 well is full to its spill point with natural gas, the estimated potential recoverable gas reserves are of the order of 50 billion cubic feet.
Empire Oil & Gas N.L. 22.856%


The larger Lake MacLeod
-1 Prospect if the structure is filled to its maximum spill point are in the order of 150 million barrels
Empire Oil Company (WA) Limited 57.14%

and if the director didn't sell his shares it would still be over 3c

 

[ben_ben26]

Re: EGO - Empire Oil

Hi Guys, New member here,

Have never brought stocks ever before until today, I brought 30,000 worth of EGO Empire Oil, I have been doing some research for the past 2 months on certain stocks and I thought I would have my first go at entering the stock market with EGO.

 

[ShareDevil]

Re: EGO - Empire Oil

Ahhh, welcome to the slaughter my son.

A miraculous 1000% rise you to do believe hmm?

Should be a fun ride. Hi Ho! EGO and away!!

 

[ben_ben26]

Re: EGO - Empire Oil

Ahhh, welcome to the slaughter my son.

A miraculous 1000% rise you to do believe hmm?

Should be a fun ride. Hi Ho! EGO and away!!

A 1000% rise would be nice, but I thought this stock would be a good learning stock for myself entering the stock market for the first time.

 

[CATAPILLAR]

Re: EGO - Empire Oil

Hi Guys, New member here,

Have never brought stocks ever before until today, I brought 30,000 worth of EGO Empire Oil, I have been doing some research for the past 2 months on certain stocks and I thought I would have my first go at entering the stock market with EGO.

Greetings ben_ben26
Just wondering was it $30,000 worth of EGO or 30,000 shares? Just curious.
CATAPILLAR

 

[ben_ben26]

Re: EGO - Empire Oil

Greetings ben_ben26
Just wondering was it $30,000 worth of EGO or 30,000 shares? Just curious.
CATAPILLAR

Sorry my bad, I brought 30,000 Shares, cost me $779 using Westpac Broking. I would like to invest a bit more, however apprentice wages arnt all the greatest.

 

[DavidB1]

Re: EGO - Empire Oil

Sorry my bad, I brought 30,000 Shares, cost me $779 using Westpac Broking. I would like to invest a bit more, however apprentice wages arnt all the greatest.

we all start some where
i was 16 and loss 6k lol good old sausage software and (dvt)

as i posted think this stock will do all right if they find any thing

 

[lioness]

Re: EGO - Empire Oil

I sold the lot last week when the director Joyce dumped all his shares on the market. I am glad I did and will not revisit this again until Lake Macloud is due.

Too risky now given the DOW falling hard and our market to do the same this week. I will come back when things are more steady.

I suffered no loss and only a little gain but can sleep at night.

I owned 8.5 million shares at one stage and realised when the director sold that all it takes is one announcement you are not expecting to kill a stock.

I am now very glad I did.

 

[NickVC]

Re: EGO - Empire Oil

I sold the lot last week when the director Joyce dumped all his shares on the market. I am glad I did and will not revisit this again until Lake Macloud is due.

I owned 8.5 million shares at one stage and realised when the director sold that all it takes is one announcement you are not expecting to kill a stock.

I took a different approach and used it as an opportunity to buy more shares at 0.025. Risky, perhaps, but I am fairly confident that prior to target depths being reached the share price can only increase as the momentum builds (unless there is rain or any other disaster).

 

[lioness]

Re: EGO - Empire Oil

I took a different approach and used it as an opportunity to buy more shares at 0.025. Risky, perhaps, but I am fairly confident that prior to target depths being reached the share price can only increase as the momentum builds (unless there is rain or any other disaster).

Nick,

The other diaster is the DOW falling through support at 11750.

There are many nervous holders in EGO as it is a speccie and that director has killed it short term by offloading 6.5 million shares. People are not as confident now in this anymore. You will see this next week whether it will hold or breakdown.

 

[Kuade]

Re: EGO - Empire Oil

I've only been looking at EGO in the last week but am finding it may be a worthwhile spec.

The offload in shares by the director was him cashing in his options, then selling them, whilst still holding his original number of shares. I see this as slightly different to him just offloading his holding of shares.

 

[nick2fish]

Re: EGO - Empire Oil

I owned 8.5 million shares at one stage and realised when the director sold that all it takes is one announcement you are not expecting to kill a stock.

I am now very glad I did.

Jezz... I think we're married cause you sound like my wife
Here's another spin
EGO 23/09/07 SP: 0.030
EGO 22/06/08 SP 0.024
Thats after sup prime and the Feb/ Mar crunch and ARQ's fumble around with testing Stokes.
Now you got ... still a bear market but...drill ready sites and the all important Stokes Testing to be concluded once and for all after merger bedded down.(No matter what FAR says)
Seems to me EGO is a much better play now than what it was.
But I don't have thousands to throw at it
I"m still trying to decide if throwing 5k its way on my budget will be ok
But you know fortune sometimes favours the brave