Post by
lifeisgood1010 on Oct 10, 2024 2:57pm
New 12 months high
In two weeks,at $2.80, ESI will be at a new 12 months high.
These 12 months high do attract attention from some momentum investors.
This will trigger interest and some may realize like you Notingmatters how cheap this company
is trading at.
Even more so, for the one who believe in technicals.
The trend is definitely up for the drillers.
Like i said many times, the new technology gets more oil and gas out of wells nowaday
and many producers have been rewarding investors more than putting money into exploration.
But that can only last for a certain time.
YOU DON'T DRILL, YOU DON'T FIND THE STUFF AND DON'T GET IT OUT OF THE GROUND.
IT's as simple as that.
While we all wish for a greener economy, this is a long term project.
It ain't happening over night.
Oil and gas will be required for years to come and service from company like ESI,PD and AKT.A
will be required again for years and years to come.
You buy this sector when it's on sale.
And the sale is on right now.
And some are noticing it starting with Fairfax.
P.S. I decided to add a little more to my already small position
Comment by
Nothingmatters on Oct 10, 2024 3:50pm
This year was tough for drillers, if iran gets attacked ten, we might see $10 on ESI by next year let alone 3-5 years..if IS starts drilling more ESI one quarter revenue would touch $600 million