Weakness
You could be right about a rise next week and a push through the current 14-cent level. Three months ago when it reached 14 cents traders could see the potential although there was still the element of uncertainty. I would guess that once the news got out that GLX capitol raising closed over subscribed that was the flag that brought buyers back into Entek pushing it quickly back up to 14 cents. Now GLX will hit the boards Monday as planned and ETE/GLX have the cash to clearly fund that program, also Entek has funding for the increased prospects and planned drilling that they now have both within Australia and the Gulf of Mexico. Fluctuating around mid to high teens may be where it will find itself for now but who knows how far it will go in this commodities bull market, especially with a nice looking chart like Entek’s.
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