Symbol / Company ETE / ENTEK ENERGY LTD Date Picked 24-04-2013...

Symbol / Company
ETE / ENTEK ENERGY LTD
Date Picked
24-04-2013
Price When Picked
$0.048
Company Overview
Here's an oil and gas explorer with great potential in the USA and Gulf of Mexico.
The main reason for picking it is becuase Directors have been continually buying as the price has been declining and it is now very close to a support level. We can also see smart money entering.
We think it is worth a punt for a quick gain...

from their website:

Entek is focused on a strategy of acquiring and exploring potentially high impact oil and gas opportunities in proven and producing areas. Onshore Entek’s projects are located in the Green River Basin (GRB), one of the most prolific hydrocarbon basins in the US. Offshore the company has a significant portfolio of acreage in the shallow waters of the Gulf of Mexico.
Nielsen Indicator Buying Level
0.43
Weekly Trend Analysis
Downtrend
Daily Trend Analysis
Downtrend
Short Term Support
4.5c
Short Term Resistance
5.5c
Director Activity
Date Director Action Volume Average Price Total Consideration
09-01-2013 Alexander Forcke BUY 1,000,000 $0.070 $70,275
06-02-2013 Alexander Forcke BUY 350,000 $0.060 $22,295
08-02-2013 Andrew Padman BUY 200,000 $0.065 $12,985
13-03-2013 Alexander Forcke BUY 900,000 $0.057 $51,499
18-03-2013 Trent Spry BUY 426,250 $0.055 $23,381
18-03-2013 Trent Spry BUY 200,000 $0.052 $10,440
19-03-2013 Alexander Forcke BUY 250,000 $0.052 $13,128
08-04-2013 Alexander Forcke BUY 500,000 $0.053 $26,661