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Energulf Resources Inc. ENGFF

Energy
Energulf Resources Inc is an oil and gas exploration company. Along with its subsidiaries, the company acquires and develops oil and gas projects in the Gulf of Mexico in Africa and Albania. The company's assets are located in Canada, Namibia, Albania and the Democratic Republic of Congo. Majority of the revenue is derived from the properties in Canada.


GREY:ENGFF - Post by User

Energulf Resources Inc.
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Comment by daymaxxon Jul 10, 2008 9:57pm
545 Views
Post# 15280802

RE: TA AND CHART FOR FRIDAY

RE: TA AND CHART FOR FRIDAYyep pretty much agree with your take, it was hard to factor the bogus news of yesterday, which sent a  scare into an  already shaky market.   The summer doldrums always set in after July 4th, ENG might be the bright star if they hit significant oil. You also forgot that the reversal today was a result of the numerous posts about sardines,  precipitated by Panda that sees the stock rise the next day.  The key today was to see trading above 2.05 and yes now we need to see new highs tomorrow above 2.15  which could very well happen as it is Friday and expect late day buying( short covering or positions  being taken) as more info will be avialable soon as we certainly must be in the sweet zone.  Hope the support vessel returned with heavier mud.
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