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TOPIC: Oil & Gas duster entry thread

Oil & Gas duster entry thread 22 Nov 2012 23:00 #1

  • GGOK
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Hi elena
You might find this site useful as it has up and coming oil and gas well stuff:

www.sharesalmanac.co.uk/index.asp

G
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Oil & Gas duster entry thread 22 Nov 2012 16:25 #2

  • Elena Saratov
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On Charts View iii I often talked about a Duster Entry strategy. I found this very successful with SQZ 3 drills on the trot!
But after a Bad experience with CAZA (Woof!) I want to be careful with post duster entry points.
Look to see where they go first!

I do not advocate buying and shorting pre results because Oil companies can fly if they find oil.
This is a strictly buy after the duster announcement strategy!



Bridge BRDG reported that some targets had no oil although "hydrocarbons" have been found.
Very suspicious of such wordings. They are down 22% but have current production and cash in the bank.
Newly listed IPO so charts are junk.

NEW are currently drilling and I suspect a bad result reading the last RNS. But they did a placing at 9p so have enough cash for 2 more drills. There is support at 8p but if this goes 5 or 6p could follow. The SP should recover in time for the next drill with a 10p target exit before they start drilling.

BLVN are currently drilling and there is major support at 36p. Supports above this but with a poor technical record this one should get caned hard if they come up with a duster!
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