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Simba Essel Energy Inc SMBZF

Simba Essel Energy Inc is a Canadian exploration company. Its principal business activity includes the acquisition and exploration of resource properties. The company engages in the process of exploring its oil and gas properties.


GREY:SMBZF - Post by User

Bullboard Posts
Post by Traffman2on Jul 28, 2011 4:57pm
250 Views
Post# 18885000

Financing

FinancingJust my two cents here folks, the reason for the drop today is due to the fact the company will have to spend money on the new property, and guess what, they will have to do a financing sooner than later.  Could see pressure for a bit but I myself will be buying more.  Another reason for the price drop is day-swing traders, they saw the news looked good they jumped in then when selling happened they jumped ship, I've done it myself lots of times.  Happy trading.
Bullboard Posts