STX 5.26% 18.0¢ strike energy limited

what a joke mangerment very silent , page-15

  1. 1,223 Posts.
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    I suppose this is why I have never really considered oil & gas companies really can be charted(sorry to the chartists out there)or you can get to technical with the shareprice action ...it simply comes down to the prospects/permits/pre-drilling/post drilling results...clearly most traders see Bingham as a failure and interpret that the region has little prospect of considerable oil & gas flowing to surface.

    Fact is, if the flow rates show some type of increase during January (as still could be the case as stated on this forum - keep an eye of the amount of water/frac fluid flowing back also..) the shareprice will move very quickly from present levels and run hard as the herd will re-evaluate the entire project.

    This is the normal ride with O&G companies at this end of town...if your not comfortable with the risk reward if you dont have stop/losses if you dont have a pre-set sell price you run the risk to lose a lot of money...

    I'm sure BOD are not happy with the share price currently (as many of them have a big interest in this company; which I like)but we all are investing in the technical team that is behind the company and strike do have a close association with cypress in the US...these guys know the local scene and I think (my opinion only) that Bingham 1 hasn't reached its full potential yet and I think they are being very careful to complete this one right but are not prepared to rush it...these guys are professional and I'm prepared to give them a few more months before giving up on this one...

    Patience requird here atm...

    my spin on it anyway...good luck to all
 
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Last
18.0¢
Change
-0.010(5.26%)
Mkt cap ! $522.9M
Open High Low Value Volume
18.5¢ 18.8¢ 18.0¢ $829.9K 4.561M

Buyers (Bids)

No. Vol. Price($)
41 1034210 18.0¢
 

Sellers (Offers)

Price($) Vol. No.
18.5¢ 484437 6
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Last trade - 16.10pm 08/08/2024 (20 minute delay) ?
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