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Bullboard - Stock Discussion Forum Eco (Atlantic) Oil & Gas Ltd V.EOG

Alternate Symbol(s):  ECAOF

Eco (Atlantic) Oil & Gas Ltd. is a Canada-based oil and gas exploration company with offshore licensed interests in Guyana, Namibia, and South Africa. The petroleum and natural gas interests of the Company are located offshore in Guyana, South Africa, and Namibia. In Guyana, the Orinduik block is situated in shallow to deep water (70m-1,400m), approximately 170 kilometers (km) offshore Guyana... see more

TSXV:EOG - Post Discussion

Eco (Atlantic) Oil & Gas Ltd > On Yahoo There Is A Basher
View:
Post by argaiv on Apr 11, 2024 3:55pm

On Yahoo There Is A Basher

Who goes by the name EasyMoney.  He thnks they are running low on cash.  Other potential reasons are the junior markets are heating up in gold, silver, uranium, and copper.  Someone with a large position could be liquidating shares in favor of another company that has great potentail, or they may be participating in a financing.  

I am not sure when wells are going to be drilled.  Someone on Yahoo said nothing much happening until 2025.  If that is the case, then look for something where there is something potential happening.

I dumped shares of Revival Gold and Almaden in favor of Adventus.  Revival seems to just be raising money all of the time, and almaden is stuck in a touchy legal issue with the Mexican government.
Comment by Lonegaurdian19 on Apr 12, 2024 12:28am
Wild, they are def cashed up.  I'd love to see some more insider buying at these prices. Time will tell how Guyana works out, if you follow it Chevron and Exxon are both very interested thus the issues there. With one of biggest mergers in modern history. The wager on this side of the world is: Is $4-20 billion worth it? Exxon mediating Chevron let alone the sunk costs ...more  
Comment by SuperTrader1970 on Apr 15, 2024 10:43am
I expect $EOG to drop to .09 cents. Time and Developments are months away. Interest in $EOG has fallen away for awhile.
Comment by Cooper97 on Apr 15, 2024 12:46pm
Hope you're correct with that estimate. I Passed on 8 cents a long time ago and have regreted it ever since - at 9 cents I'd pick up 250k shares without hesitation. The reality is this planet is going to need a lot more oil and gas than we are producing now and there is no end to that need in sight.
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