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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 travelnutteron Mar 13, 2008 12:48pm
106 Views
Post# 14653673

RE: INTRADAY TA AND CHART

RE: INTRADAY TA AND CHARTYou've called it correctly, IMO. Big money has moved on right now. Looks like we have little fish day trader low volumes right now, eg. 100-1,000 shares as they bail out. Low volume indicates to me a steady down drift but Zeta's call of support at 3.28 should be accurate. ENG is just collateral damage, caught up in the general market panic over credit, eg. Carlyle news today. I'm hoping we stay in the 3.30+ range but no need to panic. Once NR released we'll see renewed interest. I think sp right now a bit pricey to add additional shares since I like to double my investment but if ENG does drop down below 3.00 I might reconsider as long as no public bad news in the equation.
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