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re: EXXI - hitting new lows everyday
Posted on 9/8/14 at 10:46 pm to sneakytiger
Posted on 9/8/14 at 10:46 pm to sneakytiger
On the technical side it is in a free fall. I wouldn't consider opening a long position until I saw a breakthrough of 16.75 with a pull back which held up above 16.75. Even then it would be a short term trade.
Long term it is in phase 3, downtrending. A solid base of support needs to be established, which will take time. Overall, very bearish.
Long term it is in phase 3, downtrending. A solid base of support needs to be established, which will take time. Overall, very bearish.
This post was edited on 9/8/14 at 10:47 pm
1
Posted on 9/9/14 at 2:23 am to vuvuzela
quote:
EXXI owns 7 of 11 largest conventional fields in the gulf.
Please list these fields and their remaining recoverable resource. Bc I dont buy that for one second.
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