Anytime you see high volume on a friday and huge volume into a Monday is a signal that sellers were exiting the doors. I expect to see much lower volume today and lower and lower volume over the next trading days. I also expect to see the share price pull back today and close around $2.70. As the oil price will soon decline, your share price will also plunge. I believe we are getting closer to my trading target price of $1.25 - $1.75. Now if the Russian deal fails, you will see 75 cents.imo. Remember that the only reason the price rose was due to the high oil price in my opinion. I could be wrong, but remember that I could also be RIGHT. Lets see how right I will be, and I feel in all my bones that I am RIGHT. BTW, the price closed yesterday below the years high and that is also a sign of a major fall coming.imo. sometimes its so easy to make money just from understanding the signs, but you do have to know how to interpret them. lets see how right I am.
boola. Fun to see the hen house pumpers here trying to tear you down. The larger picture is, of course, that the revenues just reported were off about 82%. The three "irons in the fire", ES, PF, and MW ( Evans Shoal, Poplar Field, Markwells Wood ) are all very speculative. MW might be "productive" ( 40% working interest ) but then again everyone thought Northern Petroleum's well near Porchfield on the Isle of Wight was going to be productive in 2005. Remember what a bust that was?
pre-market means nothing genious. pre-market buyers are always the losers. you will see this fall back today at or near around $2.70. I believe the seller or sellers have exited. Lets see how right i am. BTW, I believe myself to be a genious, so thanks for the compliment.