Enegi Oil - ENEG Stream Log

ENEG CEO contact plenty snippets appearing and quality update coming. father_paul 30 Oct'14 - 12:53 - 10832 of 10833 0 0 [link] OilieTales 12:45 Finally caught up with Alan over lunch with the Nomad (paella and Rioja) and was in an expansive mood - several news items on the burner that he is looking forward to..

added another 200k showing as a sell hearing big things guys

Enegi Oil PLC (LON:ENEG) Technical Analysis Chart: While there are myriad positive charting formations, there are relatively few which allow the trader or investor to stand a decent chance of buying near to the floor of a trading range. Indeed, it is usually the case that so called momentum trades dominated the technical analysis process. However, times when it is possible to draw a falling wedge formation on a chart do offer the opportunity to go long of a situation in genuine bargain hunting mode. This point is underlined by the way that on the daily chart of Enegi Oil we have an extended bullish wedge which can be drawn going back to last September. The fact that the bear run the formation encapsulates has been dragged the stock back from the 10p level to below 4p, suggests we have a decent upside on tap. It also helps that there is a RSI support line in place in the oscillator window from the end of June off which the shares have delivered multiple support points. All of this goes to suggest that at least while shares of Enegi Oil hold the September 2013 support line on an end of day close basis we could be on the receiving end of a decent intermediate rally. The assumption is that especially while above recent support around the 3.8p level, an initial target of 5p at the wedge formation top could be seen as soon as the end of August. A clearance of the February resistance line / 50 day moving average at 5p should trigger a relatively prompt retest of the July resistance of 7p plus in the 4-6 weeks following a 5p clearance.

here come the buyers newfoundland sold we should hit double figures on rns

We can reveal exclusively that infamous bear raider Evil Knievil (aka Simon Cawkwell) has today bought another 500,000 shares in Enegi Oil (ENEG), the £12 million capitalised AIM listed oil play. This takes his family holding to 3.5 million shares or almost c2.5% of the equity and Knievil says the shares, now 8p, are ones where “the upside is huge.” Knievil cites as evidence of this a note from house broker Shore Cap from October which concluded “we see scope for highly accretive reserve additions and calculate Risked NAV of 33p/share.”

Hi guys, This is from Shareprophets site.

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