Chariot Share Discussion Threads

[m5] 22/1/2013 09:13

Chariot Oil & Gas (CHAR): Extended Base To Target 80p Plus
By Zak Mir

PUBLISHED: Jan 21 2013 @ 16:13 | Comments (0) |

PrintChariot Oil & Gas (LSE:CHAR): Initial January Resistance Break

You might think that waiting until Chariot Oil & Gas shares are up nearly 10 per cent today is leaving it a little late as far as getting on the bottom fishing bandwagon here. But it should be said that at least from a technical perspective there is a method in the madness. This is because it seemed wise to wait on an end of day close back above the initial January resistance at 31.8p – the neckline resistance of an extended base formation in place on the daily chart since September. Now it can be said that while there is no end of day close back below the former peak of this month the stock has probably served up a trend change – at least getting it back in recovery mode. The expectation now is that we shall see the shares head higher towards the pre 2012 slump support in the low 80p's and towards the present position of the 200 day moving average at 77p. At this stage only back below January support around 27p on a weekly close basis would really be enough to kill Chariot's rebound prospects for now.

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[hedgebetter] 22/1/2013 08:40

I cannot see too much resistance to get through on L2. We got rid of that 670K sale the other day (he must be kicking himself!)and we are off to the races ..looking good...

[stockriser] 22/1/2013 08:38

Being a bit selfish here guys, but sold half my holding at peak yesterday and now hoping for a pullback to 32p ish to buy them back - looks like I may not get it. Ah well, I 'll just have to keep hold of the rest until at least £1.

GLA SR

[hedgebetter] 22/1/2013 08:34

Almost 0.5% of the company changed hands in 35 Minutes...

Onwards and upwards.... :-)

[fairenough11] 22/1/2013 08:30

H,

No problem hope you make a nice few quid.I don't often mention other shares elsewhere but this had to be highlighted.

GKP'ers know a thing or two about secrets being kept about drilling,prospects etc etc and BP being IN here to me means we are not being told the truth the whole truth etc etc.

I'll put money on it,Ohh I already have.

Good luck H/Mira.

[herschel k] 22/1/2013 08:20

Took a position here a few weeks ago.(ta for heads up Fe)Good to see it moving.......

[mirabeau] 22/1/2013 08:19

-

Around 38p major resistance, apparently !

[lanaken] 22/1/2013 08:18

Looks like another blue day here;-)

40p soon or retrace?

Who knows? i don't but am keeping a tight hold on all my shares.

repo

[fairenough11] 22/1/2013 08:16

imagine if you knew there was gonna be a Nimrod re drill after assessing the data from the first,not deep enough,well.

[mirabeau] 22/1/2013 08:12

50K buy ..confident about something

[hedgebetter] 22/1/2013 07:12

I agree. A 2013 Multi-bagger. Minimum 4* .. But what do I know!...having said that I called 888 right in 2012 ...;-)

[alex hawk] 22/1/2013 07:11

Seymour said sell at 26p - they must look stupid now if they already didn't

[cherisher] 22/1/2013 02:42

CHAR is a leaky ship.Expect some mega news coming. otherwise cant see how CHAR can go up 10% on huge volume..

This is a multiple bagger from todays price.

[hedgebetter] 21/1/2013 21:50

Morocco - Mauritania - Namibia. Lots of cracking acreage. Cash in the bank. Great management. 2013 - year of the Chariot. The Ambrian report issued late last year now seems sensible.....

[mariopeter] 21/1/2013 21:43

This action is about the HRT drill not about pump and dumpers. We are also close to Tullow drills later too.

[vwnige] 21/1/2013 20:50

when is the first HRT drill be completed ?

[ronan7] 21/1/2013 20:31

ok

easter £1.77p

[hedgebetter] 21/1/2013 20:09

Hehe...I like this game...39

31/3 March 2013 Price - £1.12

[ronan7] 21/1/2013 19:36

Chariot Oil & Gas - Moderated - CHAR
ronan7 - 20 Jan 2013 - 20:32:30 - 856 of 945

ok lets play friday 27th close price

35.25p on the bid


any takers

-------------------------

38.25p now

[crosswire] 21/1/2013 19:25

HRT GETS READY TO DRILL FOR OIL

by Namib Times
on Friday

Brazillian-based oil explorer, HRT Participações em Petróleo (HRT), announced this week that it received the semi-submersible drilling rig, Transocean-Marianas from Transocean, offshore Ghana, on 15 January and that the rig will be in transit to Namibian waters for the next three weeks.

[hedgebetter] 21/1/2013 18:06

I agree Triples. This is now looking very positive - and the manipulation to flat line the price has been well and truly breached. Whatever the short term trading bumps the direction is now firmly onwards and upwards...imho

I am glad I loaded up....but to be honest - this is still very very cheap given the upside.

GLA!

[triples] 21/1/2013 18:01

HEDGEBETTER

How ya doing mister?

I'm here. Just been shopping and earlier on this afternoon went for a long walk in the snow. Dragged out by the missus, otherwise I would have been glued to L2 !

Good result today. I have an average of 30.25p on a whole lot of shares that I bought in September. With hindsight, I could have bought a fair bit lower, but I honestly thought that the price would have been at 34p over three months ago.

Someone has accumulated loads of shares and the handbrake has now been let off.

I think 2013 will be amazing and the biggest risk I face is selling too early.

Some tricky position management now needed re HRT drilling, but today's jump makes me think that we won't see sub 30p ever again.

[hedgebetter] 21/1/2013 17:40

Owch on OAM....! hahaha

Let's squeeze them again tomorrow....!

[newswseller] 21/1/2013 17:31

OAM still not reduced their short as of the 18th. Must be a holding RNS due from BG now, surely?