EGO - Empire Oil & Gas

[Datsun Disguise]

Re: EGO - Empire Oil

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.

I reckon the dow and ego are about as connected as GW Bushes head is to his ar... sorry bad example, but you get my drift. If you are talking about blue chips and mid caps then yeah you need to worry about what the dow does. For ego (and it's kin) it is all about targets, spud dates and drilling reports. All of which we have plenty!

Is it me or did a whole lot of posts go missing from this thread? - CIA they're everywhere

 

[bowseruni]

Re: EGO - Empire Oil

why did the price drop today with the announcement stating the purchasing of shares will cease beginning of July? I would have thought they would have gone up not dropped.

what does the announcement mean? will you not be able to buy ego shares after 4th July?

 

[Kuade]

Re: EGO - Empire Oil

I don't think the drop had anything to do with the announcement. The announcement was a reminder rather than new data or news.

 

[Datsun Disguise]

Re: EGO - Empire Oil

Reading between the lines the announcement was indicating that they are having trouble filling the SPP offer. That sort of thing will always unnerve peole. The other clanger was about macleod being 30m barrels on a conservative estimate and the 150m target was the best estimate. So it throws a bit of cold water on things.

Are they deliberately pushing the SP down? Can't imagine why, but why change your comms regarding the maclod target now?

Not happy as todays movement stopped me out. Now have to see if I get an opportunity to get back in....

 

[ben_ben26]

Re: EGO - Empire Oil

I wonder if these shares will ever hit $0.10Cents? Hopefully the next few months has some positive outcomes.

 

[bowseruni]

Re: EGO - Empire Oil

I wonder if these shares will ever hit $0.10Cents? Hopefully the next few months has some positive outcomes.

hope so because my stop is coming up very soon if it drops much more, hopefully it rises back up a bit tomorrow

 

[DavidB1]

Re: EGO - Empire Oil

hey
ppl

Support at 2c don't think it will go under that there is a lot of buys .020 to .022

a spud date announcement should come soon and the sp should start to go up i hope

still holding i may buy more tomorrow if it at 0.021

 

[NickVC]

Re: EGO - Empire Oil

hey
ppl

Support at 2c don't think it will go under that there is a lot of buys .020 to .022

a spud date announcement should come soon and the sp should start to go up i hope

still holding i may buy more tomorrow if it at 0.021

There was also a lot of buys at 0.24 a few days ago, and a lot of high volume purchases in the mid to high 0.20's previously. EGO just doesn't seem to be following any logical patterns. In any case, I hold and will continue to hold until there is some actual news as I don't intend to be spooked by announcements that cannot logically have any possible bearing upon what they may find at SF.

Best of luck to those who have not got spooked , and also to those who have but who re-enter at the current low prices . If they hit anything in SF (and the prospects of that occuring have obviously not changed), then the 0.1 increments that many people (on low volumes, mind you) are worried about will be rendered nugatory.

Having regard to the volumes that were purchased in the mid to high 0.020's, I consider that the recent declines will have a negligible impact upon the ultimate SP in the lead up to target depths. The volumes indicate IMO that the majority of those who purchased still hold.

..and Datsun, what happened to riding the SP increase as it nears drilling depths or, alternatively, going for the big one and waiting for the drilling results. Did you deliberately leave your stop loss in place, or did you just not cancel it in time

 

[Datsun Disguise]

Re: EGO - Empire Oil

..and Datsun, what happened to riding the SP increase as it nears drilling depths or, alternatively, going for the big one and waiting for the drilling results. Did you deliberately leave your stop loss in place, or did you just not cancel it in time

Oh I'm ashamed so ashamed..... I had my stop in place to ensure that i made some profit if the price fell - I really thought it was conservative enough that if it got triggered it would be due to sf hitting nothing... Wrong, again.

Anyway I am looking for a re-entry today. I'll let you know how I go!!

 

[NickVC]

Re: EGO - Empire Oil

Anyway I am looking for a re-entry today. I'll let you know how I go!!

Do you agree that all these 0.01 changes are negligible in the overall scheme of things any way, and having regard to that are you going to just re-enter at whatever traspires to be the indicitive open price?

 

[Datsun Disguise]

Re: EGO - Empire Oil

Do you agree that all these 0.01 changes are negligible in the overall scheme of things any way, and having regard to that are you going to just re-enter at whatever traspires to be the indicitive open price?

Hi Nick - In the scheme of thing IF ego prove their targets then yes all this pfaffing around between 2 & 3 cents will be irrelevent. However at this point i think it is all very relevant. All this movement on news that is pretty well unrelated to the quality of the targets (notwithstanding the talk of 30m at LM) shows that those interested are a pretty nervous lot. The ones left holding now are the true believers - they probably won't look at selling unless we see something below 2 cents. I think it will take a move up to 2.4c to tempt the recent sellers back in, when fear of losing starts to turn to fear of missing out...

I haven't re-entered yet, I've got two strategies, one on a dip and the other on a rise. I've a feeling it will be the rising price trigger that fires first....

Good luck all, I still think this has great possibilities - the best is yet to come with gingin. Mustn't be too far from an announcement yet - lets just hope it has the desired impact on the sp.

 

[Datsun Disguise]

Re: EGO - Empire Oil

Do you agree that all these 0.01 changes are negligible in the overall scheme of things any way, and having regard to that are you going to just re-enter at whatever traspires to be the indicitive open price?

Somehow I just lost my whole post while editing my usual crap grammar & spilling. ha ha

Anyway here is a reproduction.
If ego hits its targets then yes, 0.1c moves now will be virtually irrelevant, but at the moment it is very relevant. The recent movements on news that is mostly unrelated to the targets (except the conservative 30m LM target) shows us how nervous holders can be. I don't have a firm view of which way next and so have set up my re-entry strategy for both a rising and falling sp.
The current holders obviously have stronger stomaches than the recent sellers. It would probably take an sp of under 2c to upset them and prompt some more sellers - this would probably be bad and present some good buying ops. The second scenario is that it hits 2.4c at which point a proportion of recent sellers would start to fear missing out and possibly re-enter. So if we move from 2.1 - 2.2 I think it will be up to 2.6ish or down to 1.7/1.8 with some possible lower dips fed by panic. This is in the absence of any good or bad news.

Given a gas strike at SF I don't see why we wouldn't see it spike up to the 6c that we saw last year on stokes bay. A miss and anything could happen. I'm not going risk the sheep station on this, but doing my best not to miss out on success either.

Good luck all.

 

[OpenSeason]

Re: EGO - Empire Oil

Is it just me or does anyone else think this Month will be make or break for EGO?

Hopefully we will start to see some good annoucements in the coming week. Spudding should be just around the corner.

I hold this stock and really hope it turns out well for all of us.

 

[Wysiwyg]

Re: EGO - Empire Oil

Is it just me or does anyone else think this Month will be make or break for EGO?

Hopefully we will start to see some good annoucements in the coming week. Spudding should be just around the corner.

I hold this stock and really hope it turns out well for all of us.

With the gas problems W.A. are saying they have, any discovery of size could be more attractive to traders.Finch is gas and if the bulls come back to EGO again, then s.p. multiplication is always possible.Me not a holder.

 

[leigh_munro]

Re: EGO - Empire Oil

Maybe a good sign.... There are a couple of small pre open buy orders sitting at 0.03 this morning.....

 

[Datsun Disguise]

Re: EGO - Empire Oil

Bit disappointed that it didn't hold up after trading quite well today, but I suppose this one is always going to attract the traders. Ideally we'll see more good trade tomorrow but without the profit taking at the end of the day.

Haven't re-entered yet, got two concerns, a late start for sf drilling and a less than completely successful SPP. If either of these arise we could see another whack delivered - for no good reason I agree, but the last two whacks weren't really for much of a good reason either...

Good luck all - next 2 weeks are critical, but not make or break. There are plenty of other targets over the next year or so - especially gingin Thats where the real money is.

 

[Trader Paul]

Re: EGO - Empire Oil



Hi folks,

EGO ... as expected, on the move ... after a minor
and positive cycle on 11072008, we expect some
positive news, around 14-15072008 ...

... will take profits by 17-18072008, when the
first of several negative cycles should arrive.

have a great day

paul



=====

 

[DavidB1]

Re: EGO - Empire Oil

yea was good Volume: 53,793,079
the buyers are back

up up and a way
i was waiting on money and couldn't buy at .022
got the money today going to buy some more

 

[NickVC]

Re: EGO - Empire Oil

yea was good Volume: 53,793,079
the buyers are back

up up and a way
i was waiting on money and couldn't buy at .022
got the money today going to buy some more

What's you're plan, are you going to try to sneak in and get lucky at 0.026 or are you going to guarantee your position and go in pre-open at 0.027?

 

[DavidB1]

Re: EGO - Empire Oil

What's you're plan, are you going to try to sneak in and get lucky at 0.026 or are you going to guarantee your position and go in pre-open at 0.027?

well buy half at .027 and put a order a .026 for the next half

buy all at .027
or wait in line hope for .026

mm got to sleep on it

but i think ill just buy at .027 whats point 1 if there going to be 5 or 6c