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END
Posted: Wed Oct 23, 2013 11:50 am
by bobs
Any thoughts after the big drop??
Re: END
Posted: Wed Oct 23, 2013 1:02 pm
by setliff
technically, unless it recovers to above 6.60 it would leave a bearish candlestick with more downside.
profit taking time, imo, fwiw.
Re: END
Posted: Wed Oct 23, 2013 2:57 pm
by ghrcap
This story is not a TA trigger, it is the Rochelle production trigger. See the Rochelle reference from our partner's release yesterday and the reason the stock has recovered somewhat today.
http://www.premier-oil.com/premieroil/m ... tatement-9
Re: END
Posted: Wed Oct 23, 2013 3:48 pm
by setliff
i should have added the caveat "unless there are fundamentals that would counter the ta." fundamentals will dominate.
Re: END
Posted: Wed Oct 23, 2013 5:40 pm
by ghrcap
The downdraft was painful thanks to the shorts on the news that the evaluation of strategic alternatives did not produce a buy-out offer for all or a big piece of END. Maybe we'll get your $6.60 and more when the announcement is made of first sales of natural gas from Rochelle through the Scott platform. Our second Rochelle well will be added to production for Christmas, our CEO believes. We shall see.