Can The Bulls Keep $JE Afloat?Interesting day after what has been an amazing run. But a big retraced candle and lower volume are raising an eyebrow or two.
"The year-to-date chart for this stock is pretty boring until you get to August 15th where the stock absolutely tanked. This was due to an abysmal earnings report which decreased the likelihood of a buyout for Just Energy. Fast forward a month and a half and the stock is beginning to rally.It has started filling the gap that was formed on the 15th. It has bounced back 117% since September 5th. The support of news regarding Snyder Trust adding to its ownership position of Just Energy of September 27th."
Regardless, it has been an interesting penny stock to watch . Just curious if it can actually push through this "no man's land" area where it gapped down previously.
*Quote Source: Money Making Penny Stocks To Watch This Week
Energystocks
MCF Still Chugging But Can The Volume Continue?Another penny stock that has been on a tearing run over the course of the past three weeks is Contango Oil & Gas Company ( MCF ). We originally reported on the company in September, “5 Top Penny Stocks To Watch Before October 1.”
" During the course of the three weeks, the stock has gained in excess of 455%. This came after two key developments. Towards the end of September, the company announced that it had reached an agreement to buy the assets of White Star Petroleum. White Star had filed for bankruptcy and Contango decided to pounce. "
Source: 3 Penny Stocks To Buy or Sell In October?
CHK Double Bottom Or Another Fake-Out Coming?Is The Energy Sector Signalling Chesapeake CHK A Penny Stock To Buy Or Sell Right Now?
" One of the bigger reasons behind the company’s actual decline was the fact that after having fallen down the pecking order among natural gas companies, it made a shift to oil exploration. The switch may be explained by the higher prices of oil as opposed to that of natural gas. But the switch has resulted in weakening the company.
"
Source: Best Penny Stocks To Buy Or Sell: Chesapeake Energy (CHK)
Conoco Phillips cranking oil and gas - 1M chartCOP riding the cheap energy supply of LNG with technology and gas sales (LNG, CNG).
Looks like good buy based on trend and MACD for next year for those looking for safe haven. Dividend could be 4x higher. 1.5% Dividend
LNG DLNG SHI NEXT TELL CLNE
LNG expands to 600 x its volume to make natural gas, so as compressed liquid cheap to transport provided storage insulation, most good for 6-8 mo.
LNG offers 30% reduction in CO2 over coal and oil energy fuel sources, so developing countries will be using for forseeable decade until solar, wind, EV, hydro, wavepower are utilized.
EU will be sourcing more LNG per recent trade discussions. Safe from US-CH. China just signed agreement with QATAR Gas and another buy if it goes IPO. QATAR wanted
to be more public since 2014, but haven't seen it.
VLE.TO attempting breakout of daily descending channelCanadian energy sector has been hit hard as of late, and VLE.TO has been no exception as it continues to trend downward in a channel. A beauty of an equilibrium is currently playing out on the daily chart right now new the top of that channel. A bear break will have us retest the lower limits, and a bull break on big volume will be a notable shift in momentum for the first time in months.