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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 kevster70on Jun 14, 2016 10:12am
160 Views
Post# 24963374

First Post

First PostFirstly hi to everybody....i am new to this board but not to Simba,i've been invested a number of years and have treated my holding in this stock as a freeby as part of  decent profits i made on GKP,AFR,MARL,RMP and CAZA when the market was stable a few years ago..I pulled all my money out of oilers when it was obvious were the market was heading....As Simba was initially bought as a chancer share for me i've been happy to let it ride...I'm not a pumper nor am i a basher so thought i would give my view...When i originally invested there were a lot fewer shares in circulation that now so i do take your point on that and accept it..However the game has changed on oil exploration nobody wants to risk funding it so the reality is if Simba wanted to move towards a drill thier really was no real option than jv..I'm happy with the partner we have who obviously wouldnt be involved if they hadnt been impressed with the data room which should give confidence....The time is coming were 2d seismics will be done and we move towards a drill,experience tells me that now will be the start of all kind of shanigans from all sides of the market as people want to trade in or out...I disagree that stocks only move on drills,they move on sentiment..Stocks double or triple pre spud if the right sentiment and confidence is there..Of course it's all noise and whatever people say the only way we will know is wether the drill is a producer or a duster..if it's a producer we will all make money and if its a duster we shrink back and await the chance on the other prospects over time....The rest is just day trading noise either way thats the way it works just the same as all the other small cap explorers...
Bullboard Posts