There’s an awful lot of emails backing up on why we haven’t updated on Encore Oil.
Well to be quite frank there’s nothing to update on!
You’ll all notice that there’s been nothing of any consequence reported or rumoured in the market other than the usual 3 month projections on stock-value. But what I will say is that the constant minute by minute watching of the stock isn’t good for the mental health of some over on the boards it seems that an overdose of unhinged ranting is afoot.
Encore oil have had a tremendous year their value has increased to a level that still doesn’t reflect their true worth.
This morning they dropped to 105p an absolute bargain given that they are sat on many, many millions of barrels of oil on two of their licenses with much more to come. They also have further potential with other assets which I am sure your all aware of. They are debt free and cash rich. An awful lot of traders just don’t get it! The value here is NOT in a day-trade. Genuine investors should hold this stock awaiting the logical conclusion that will result in an sp of 300p.
Make no mistake here Encore’s board are proving up their company assets for a sale. Those that hold and ignore the meaningless utterances of the mentally challenged will reap the rewards!
Hold your stock. Ignore the Bashers. It is a question of time. When the news hits it will all be over in a nano second! Better in than out!