Eco (atlantic) Oil & Gas Share Discussion Threads

[herschel k] 06/9/2019 08:01

I can't buy

[ileeman] 06/9/2019 08:00

NT to buy, just goes to show how much control market makers have.

[herschel k] 06/9/2019 08:00

What a farceThe stock market is so ridiculous

[maccamcd] 06/9/2019 07:59

broker thoughts.. ECO ATLANTIC. Candian line -26%, moved in last 10 mins .. Rehash of old story around opposition looking to ultimately change terms of PSA's if they get into office .. Buy on this weakness ....Relevant to Tullow / TOTAL who are also in the block of course. 2nd well result in next cple of weeks most probably

[honestmarty] 06/9/2019 07:59

What is the problem here today?

[ileeman] 06/9/2019 07:55

Well my 160 buys not looking good, unlucky I guess.

But I might add to my position seems market makers are gaping down following low volume TSX exchange drop probably following stop losses, news article that dropped TSX doesn't warrant such a drop either. Expect it will bounce.

[ny boy] 06/9/2019 07:53

I was patient with my last holding sub 100p before the major discovery,I will do the same here and look to get some as cheap as the market will allow me, then take a long term view. Probably not today as I will use more funds to add to (STX) GL all Oilers!

[g2theary] 06/9/2019 07:52

It will be over exaggerated today as we are still at least a week off any drill results... my est is open at 128p and will probably drop to 120p then bounce :)

[manicat] 06/9/2019 07:52

no RNS no worries tullow shares are not reacting to this so far.

[g2theary] 06/9/2019 07:43

So is this speculation about winning the field contracts :-/ I'm going to sit on the side before I buy anymore today :)

[catchingmice] 06/9/2019 07:41

Any pre-market price showing as yet or is it a little early ?Cannot see it lasting long anyway if we do drop but I'll be grabbing a few if i can

[the guardian] 06/9/2019 07:41

Good link. It shows that the government is willing to learn about the industry before making any decisions.

The share price fell after close in Canada, when no-one had the chance to buy at such a low price. In my mind, if people don't panic or trade, the share price here shouldn't move very much.

[herschel k] 06/9/2019 07:38

So it looks like they'll try to open us around 20% down.LolI bet most people here who want to buy won't be able to......

[mr hangman] 06/9/2019 07:05

Everyone hold their nerve, we had the same crash with RKH after the Sealion discovery, anyone panicking out, will be paying a higher price to get back in

[the guardian] 06/9/2019 06:57

Wow , I didn't realise the share price had fallen that far. Totally unwarranted. The election hasn't yet taken place and even if additional tax was levied, it would have to be a small percentage, otherwise oil companies would not bother to take the risk of drilling.A lot of people will trade this when the market opens but I'm sitting tight because I believe it will recover very quickly. Who wants to be out over the weekend with Joe due anytime?

[007shredder] 06/9/2019 06:27

FLASH CRASH
Not a lot of shares late in the day....like a coordinated short attack now that summer vacations are over...let the games begin
As Rick Rule has often commented...everyone of my 10 baggers got cut in 1/2 at least once

[divmad] 06/9/2019 06:26

Unless there is a dry hole rns this morning, last night's flash crash has all the hallmarks of MMs knowing where Canadian investors/trades had placed a heavy amount of stops in readiness for a bad drill result for Joe. A smash and grab job. Not long to wait now.

[costax1654x] 06/9/2019 06:15

-25% today ?let's see

[hawkind] 05/9/2019 23:22

They do not have a chance in hell of changing agreements/contracts to get more money from the discoveries. Its a simple equation of risk/reward. Would they have contributed to costs if Jethro was a duster it works both ways.They will not be able to change nothing to those exploration areas already under license.Maybe able to do it on future licenses, by that point ECO would have been sold or moved on to new opportunities

[daveeeed] 05/9/2019 23:17

Drop was an absolute nonsense dip will get bought right up

[manicat] 05/9/2019 23:13

it will depend if there is a bad rns tomorrow. this drop is only going to hurt the day traders. people here for the end game a takeover or selling the 15% of orinduik will only look at this as a buying opportunity