Eco (atlantic) Oil & Gas Share Discussion Threads

[pro_s2009] 06/7/2022 04:34

Oil heading back upwards again.......yesterdays rout is tomorrows surge....same old market gyrations.

Its all about "VOLATILITY".......they make money up or down......they only need it to keep moving around......always remember that. Yesterdays oil rout is tomorrow oil surge........




Crude oil futures rose nearly 3% on Wednesday as investors piled back in after the heavy rout in the previous session, shifting their focus again to supply concerns even as worries about a recession mounted.

Brent crude futures LCOc1 rose $2.82, or 2.7%, to $105.59 a barrel by 1222 GMT, after plunging 9.5% on Tuesday, the biggest daily drop since March.

US West Texas Intermediate crude CLc1 climbed $2.46, or 2.4%, to $101.95 a barrel, after closing below $100 for the first time since late April.

"Today is sort of a reset. No doubt there is short covering and bargain hunters are coming in," said John Kilduff, partner at Again Capital LLC.

"The fundamental story regarding global tightness is still there ... The sell-off was definitely overdone," he added.

OPEC Secretary General Mohammad Barkindo said on Tuesday that the industry was "under siege" due to years of under-investment, adding shortages could be eased if extra supplies from Iran and Venezuela were allowed.

Russia's former president Dmitry Medvedev also warned that a reported proposal from Japan to cap the price of Russian oil at around half its current level would lead to significantly less oil in the market and push prices above $300-$400 a barrel.

[pro_s2009] 05/7/2022 17:03

Nice to see a new large shareholder

[pro_s2009] 05/7/2022 08:23

L2 4 v 1 26/27

[pro_s2009] 05/7/2022 04:20

Decent buying in Canada overnight. Plus 18%

Perfect storm if we get volume.......large shorts still in place, big drill coming up.........spud just 8 weeks away.......

Short squeeze time.........

[pro_s2009] 04/7/2022 15:36

Canada up at 31p equivalent (0.485 CAD)

[pro_s2009] 04/7/2022 10:38

Stock on Loan (Short) history.

Jan 2022 Zero

Feb 2022 Zero

Mar 2022 1.53 million

Apr 2022 2.35 million

May 2022 3.86 million.


So there is a lot of shorting of ECO ongoing....... as stated by Gil in the recent audio interview.


Canada short position of ECO (EOG) is currently 945K shares short.

So between London and Canada there is a near 5 million share short position.

[pro_s2009] 04/7/2022 10:12

London shorting position average in May was 3.86 million ECO shares "stock on loan" and so shorted.

Will be interesting to see June figures, see if the short has been increased.

[mr hangman] 04/7/2022 09:11

Yep, SL you are 100% correct

[pro_s2009] 03/7/2022 16:05

Not Claris....now its Tina.......LOL

Pascal42......bye bye, and your aunt Tina the financial wizard...........

[ifthecapfits] 03/7/2022 16:01

The biggest risk for eco is a poster on advfn? I don't think so. If you believe that then.....Good luck.

[stockport loser] 03/7/2022 13:39

The biggest risk for ECO is Pro is in, hes the kiss of death for anything he touches.Hopefully he sells out on spud or its going to be tough.

[pro_s2009] 03/7/2022 12:20

Wonder if that 10.84m trade on Friday at 30p clears the overhang......... We will see this coming week.

[mr hangman] 01/7/2022 17:18

Yep, I would imagine more to come next, any sniff of a farm in with a major in S Africa or Namibia and we will be well into the 30s hope you are enjoying your holidays Chris

[theblackbaron] 01/7/2022 16:45

Impressive day considering 10 bagging would be nice from podcast buy that island to retire too

[pro_s2009] 01/7/2022 08:06

There are rumours that the recent increase in the 3B/4B license area is because a Major Oil Company wants to farm in. So there is repositioning going on, before a farm out occurs which is rumoured will result in a free carry for 2 exploration wells in 2023.

So ECO increasing, then it will decrease again as part of the farm out and ECO get 2 free carries on 3B/4B drilling when a major farms in.

Lets hope this rumour is true.....wait a few months and see. The license area's they have are "hot property" and big boys with big bucks to spend are wanting exposure.

[pro_s2009] 01/7/2022 02:39

I like how Gil says success at Gazania-1 is a 10 bagger at the current share price..... Would be nice

[pro_s2009] 30/6/2022 17:32

A new audio interview with Gil.



Dr. Michael Green, resources analyst at Align Research, interviews Gil Holzman, CEO of Eco Atlantic Oil & Gas

Key questions posed:

1 – Matters have been active at ECO in recent weeks, talk us through the rationale behind the JHI deal cancellation and the new cash raise announced on Monday

2 – You seem to have landed fantastic exposure re the Namibian and SA fields given recent finds by majors – what CoS do you put on the upcoming Gazania drill?

3 – Why do you think despite the plethora of broker notes highlighting the undervaluation of ECO that the shares continue to trade at a derisory level?

4 – What are plans offshore Guyana for 2022/23 given it is near 3 years now since the “heavy oil” announcement? Why is it not profitable to develop and pump given current oil prices?

5 – How do you see the news landscape for shareholders panning out during the balance of 2022?

6 – What is the endgame for ECO shareholders on an 18 month – 2 year view?

[pro_s2009] 30/6/2022 16:39

Indeed.....new Video.

Interview with Gil





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[mr hangman] 30/6/2022 15:13

Dilution City, more like