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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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Post by mikerosoft666on Apr 14, 2008 5:25pm
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Post# 14969887

Does anyone have a clue ????

Does anyone have a clue ????
I've followed  ENG with interest for awhile but had money in Pan Orient Energy before the last dry hole.  Was able to exit with profit and was looking forward to jumping in.

I saw the news about the DV steaming to Africa and was ready to jump in and was waiting for a pull back...     I CANNOT UNDERSTAND WHAT IS HAPPENING HERE.    There is no bad news...  Ship finally arrived...  I mean   NOTHING !!!

Does anyone understand what is happening...  yeah for me I get to put new money in at these prices...  but what the H is going on ?  Anyone have a feeling for the situation ?

The better question is does anyone have a solid feeling for where support will get established ?  Stock seems to be moving faster than the chart...   I don't see sub $2 but don't want to come off like I'm any good at TA so let me say that about that.

And cheer up for those of you that rode it down...  reminds me of my first sell-off with TIM...  all the way to $10 from $23...  within 2 months it bounced off of $28...  this too shall pass... unless someone knows the DV sank and no one is saying anything ...   ( feeble attempt at humour on a really down day... - sorry ).
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