Eco (atlantic) Oil & Gas Share Discussion Threads

[pro_s2009] 21/9/2022 13:17

Worth a listen. Tomorrow at 6pm BST.



Summary

Please join us on this live webinar with Eric Nuttall, Senior Portfolio Manager at Ninepoint Partners as he outlines why his thesis for the multi-year oil bull market has not changed. Eric will discuss the recent pull back in oil prices even as the physical demand for oil remains very strong.

[bocase] 21/9/2022 13:05

Likewise Mirabeau.

Hopefully the leakage of such news with the uncertainty that brings but without the clarification we have now had could explain the damage to the share price over the last two days. If that is the case I would expect to see the share price recover quickly as it was not an underlying issue with the company as such.

[mirabeau] 21/9/2022 12:48

I can honestly say that I have never in all my years in the market seen this before

[mirabeau] 21/9/2022 12:45

Director Dealing

Eco (Atlantic) Oil & Gas Ltd. (AIM: ECO, TSX-V: EOG) has been notified by Moshe Peterburg, Non Executive Chairman of the Company, that he has apparently been the victim of fraudulent activity concerning his personal trading account that resulted in the unauthorized sales by a broker of 1,224,749 common shares in Eco Atlantic ("Shares"), representing 0.36% of the issued and outstanding share capital of Eco Atlantic.

The sales took place between July 2021 and August 2022 in a series of small transactions. Mr Peterburg, as of today, continues to own 9,987,917 common shares in Eco, representing 2.9% of the issued and outstanding share capital of the Company.

The Company has been further informed by Mr Peterburg that the Shares sales were undertaken without his knowledge or authorization with the funds in the trading account also having been apparently misappropriated.

Mr Peterburg has advised the Company that the relevant authorities have commenced criminal proceedings against the stockbroker.

[gooner1886] 21/9/2022 11:36

Only if oil is hit

[chessman2] 21/9/2022 11:13

I also believe this stock is worth a lot more than the current price.

I suspect a slow climb from this level and a high jump within the next few months.

[ltinvestor] 21/9/2022 09:55

Well, there we have it.If Miti dumped 800k, and I have no reason to not believe him, on his above reasoning which again I will not question I would expect the share price to recover over the next few days.Spudding in 7 days …..

[miti 1000] 21/9/2022 09:14

Well, I don't know about that .A few things spring to mind and as a result , I sold 800k shares yesterday. The risk /reward bacame a bit high.

Reasons...
The failure to break above 36p. Overall market not great either.

The overhang of Azinam being able to sell their shares on spud.

Azinam are a small company with small assets and funds so they might be percieved as perhaps not wanting to risk for the results of the drill = overhang.

This asset was brought only 8 months ago for relative peanuts.If it were such a good COS...why would that be? Perhaps ECO have struck lucky, time will tell.

When CEO keeps banging on about a share price target (50p),as he did, a few months back, for spud...well, that's alarm bells to me.

Possible green interference with drill .No idea if that's remotely likely.

Anyway , enough rational reasons there ( pro will get it or refute it) , to skew risk/reward. Saying that, if they strike oil, its bound to rocket.

Good Luck holders.

[sos100] 21/9/2022 09:12

garbage...

[bocase] 21/9/2022 08:51

It's difficult to see a rational explanation.

A look at the weekly chart though does reveal the volatility of a thinly traded stock like this.

Last year in mid Feb the price was 37.75. By early March it was back to 28.50. Two weeks later it was back at 42 and just two weeks after that back at 29p so this pullback is not unique. Far from it. Hopefully there is no other reason than volatility caused by profit taking and what we are seeing will be confirmed as a buying opportunity.

[daar] 21/9/2022 08:48

Dumping continues

[pro_s2009] 20/9/2022 23:43

Looks to me like a load of spread betting numpties got margin called.... Lots of AIM stocks took a hit

So blame it on the spread betting muppets imo.

[oapknob1] 20/9/2022 21:49

Pro Dump finished for now.

[davwal] 20/9/2022 18:04

Shocking day. I hope there's no RNS tomorrow!

[millie01527] 20/9/2022 17:00

Did the rig sink over the weekend or something? :)

[gooner1886] 20/9/2022 16:22

Yep shocking they raised at 30p

[daar] 20/9/2022 16:01

Suppose to go up pre spud not down :)

[davwal] 20/9/2022 10:35

2 weeks pre sud dump. More like!

[gooner1886] 16/9/2022 15:04

2 weeks pre spud pump needed

[davwal] 16/9/2022 14:27

Can't say I was impressed by his talking as if ECO's future is pretty much within his control.

[davwal] 16/9/2022 11:20

I'll catch up on the video later, but I'm not clear on his comments about AO realising its assets. Is he suggesting ECO as a company might be sold, or they sell their bit of it? Odd comments in a way. Good to hear about live interest in 3b/4b though.

[pro_s2009] 16/9/2022 08:06

Short drill...20 to 25 days.

[joey1998] 16/9/2022 08:05

How long is the drill expected to take?

[pro_s2009] 16/9/2022 08:00

You can watch the 13th Sept Town Hall meeting from Africa Oil at the link below.

South Africa from 28 minutes........



He says 6 Major Oil companies in the Data Room looking to farm into 3B/4B license area.

This was the 13th of Sept.....he says "hope rig is on site and drilling in 10 days".............