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Oilandgas

WAITING FOR BREAKOUT CONFIRMATIONJust a simple analysis for this oil counter. I'm still bullish with this counter because on the technical side we can see the price compressing to complete Ascending Triangle pattern. On top of that, we have the internal pattern of Double Bottom which I think strong signal for price reversal. I just roughly forecast the movement of the price by using Fibonacci, however, it is not quite accurate for now since we still waiting for candle to breakout at resistance line. It is not recommended to place an entry now since we don't have any confirmation. In addition on the fundamental side, Sapura Energy recently has been awarded new contracts for its Engineering and Construction (E&C) division, with a combined value of approximately RM766 million. Even though the company struggling to combat with the pandemic which most affected in O&G industry, yet they still secures new wins contract worth millions.
MYX:SAPNRGLong
by traderfiz
SANTOS 20% INCOMINGSANTOS (ASX:STO) After a great market Announcement on 28.05 (completing ConocoPhillips Acquisition) we have bounced off support of this ascending wedge and its crunch time. 20% to close the major GAP left by th COVID Crash. -Respecting Trend of Ascending Wedge (Haven't broken Bearish) -About to Break Ichimoku Cloud -RSI not Severely Overbought -Conversion Line has crossed Base Line back on 21st APR and is still holding spread -Lagging Line showing us respecting trend but we are approaching a double top -Testing 100 EMA strongly Due to the price Mid Major GAP, Still respecting Trend and testing the 100 EMA strongly. I am confident we will see a break through Ichimoku Cloud and close of gap @ 6.51 which is also a Major Resistance area & lines up with -0.27 FIB Extension Stop loss is below PREVIOUS Structure and Below 0.236 Fib Retracement Level. Risk/Reward sitting at the minimum 2:1 Testing Week for SANTOS. These Ideas are NOT 'Financial Advice'!. Scenarios are based off a mixture of TA and Fundamentals current at the time. All IMO GLTAH. Happy Hunting!!!
ASX:STOLong
by Trader_Johnni
DNR - No Brainer #2 All, This one is also a good buy possibly a higher entry and you can see it is smashed between resistance/support. Either way long as you don't panic sell buying around this area should reap its rewards soon enough. I am in. Earnings: "Denbury Resources (DNR) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.08 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 12.50%."
DLong
by DigitalData
1
Reabold Resources - Price about to head upstreamBuy Reabold Resources (RBD.L) Reabold Resources PLC is a United Kingdom-based investment holding company. The Company is focused on investing in upstream oil & gas projects. The Company’s projects include Reabold California, Wick UK, Oulton UK, Parta Romania, and Colter UK. Reabold California, which include monroe swell redevelopment, monroe swell drilling, west brentwood, and grizzly island. Market Cap: £60.5Million Reabold shares have corrected lower in recent weeks and support seems to have been found close to an unfilled gap at 0.846p. Volumes have picked up in recent sessions and the shares are breaking above downtrend resistance. Looks like it could be an interesting play from here. Stop: 0.75p Target: 1.0p Target 2: 1.25p Target 3: 2.0p Interested in UK Small Caps? Join our free Telegram channel for up to date analysis on the best small-cap opportunities in the UK right now - t.me
LSE:RBDLong
by Investamate