Mayan Energy Share Discussion Threads

[patientcapital] 15/11/2017 09:53

Agreed and oil price has gone up since it was written.

[astralvision] 15/11/2017 09:40

Brokers initial target of 1.6p sounds reasonable for starters

[tel11] 15/11/2017 09:38

jam - sorry pal, I wouldn't know the answer, but do have a feeling it
be trading between 1.5-2p before or by Xmas, plenty of news to come

[jamdan1] 15/11/2017 09:32

Thanks Tel

[jamdan1] 15/11/2017 09:27

What's a reasonable shareprice here then

[on target] 15/11/2017 09:25

Looking good. Did you manage to get back in without too much of a loss Brasso?

[patientcapital] 15/11/2017 09:22

Added @.83 still not showing.

[someuwin] 15/11/2017 09:17

Align Research‏ @AlignResearch · 39 minutes ago

Mayan Energy retraced near 50% of recent move. Good rebasing level for next leg higher in our opinion. #MYN

[piperpeter] 15/11/2017 09:05

Well, for what is now officially an oil producing company, with further increases in production expected over the coming days and weeks, the £5.9 million market cap does look exceptionally low.

Pp.

[graylyn1] 15/11/2017 08:52

Oil say it does:-

[oilbuy] 15/11/2017 08:47

Looks ace now

[someuwin] 15/11/2017 08:42

I'm still adding

[graylyn1] 15/11/2017 08:41

Sharp reversal very bullish!

[tel11] 15/11/2017 08:38

time to head towards north BLUE Zone now, enough of redness zone :-)

[graylyn1] 15/11/2017 08:28

If you study the recent rise in the share price and combine that with the huge volume it would tell you to expect a pullback/profit take and that is what we have now simple!!

[113mike] 15/11/2017 08:23

Just us sensible ones still in then?Onwards and upwards now!

[brasso3] 15/11/2017 08:20

All the rampers have left the building it would seem.

0.69p now.

[glibgibon] 14/11/2017 22:34

1 well at Forest Hill Producing
2 wells undergoing workover - expected to be producing at start of December

Possibly 3 further wells producing by the end of the year?

And then there is news from Stockdale and Zink Ranch still to come. Hopefully Shoats Creek as well (and possibly Block Energy listing before year end)

[spagnolia] 14/11/2017 19:33

Lots of news to come over the next few weeks - always good to have a pullback but it could be cash flow positive which is big news!!

[brasso3] 14/11/2017 19:18

It went up too fast so was bound to settle down on news. There will be many PIs who found them selves in 100% - 200% profit in a week. The 14 day RSI is still above 90 so I think it will find a base around 0.6p - 0.65p.

[highly geared] 14/11/2017 19:13

Been on the road since 7:30am , just back. A bit of “sell on the news” today. First well result validates the investment case. May drift a little more as the hot money clears out but worth picking up more if this goes sub 0.7p

[babbler] 14/11/2017 16:24

I've got no choice but to now lol. Thanks. Just annoying when dogs rise on nothing and good news leads to a 15 percent drop even if some was priced in!

[phoebusav] 14/11/2017 16:08

Babbler, don't read too much into the pullback. It's just consolidation and will make the next move more powerful. Expecting a single move from 0.3p straight to 2p without a decent pullback is too much. Give it a few days.