88 Energy (USA: $EEENF) Looking To Bloom In 2022 🌷88 Energy Limited engages in the exploration of oil and gas properties in the United States. The company holds a 59% working interest in the Icewine project, which covers an area of approximately 231,000 acres located in North Slope of Alaska, the United States. It also holds a 100% working interest in the Yukon Gold leases covering an area of approximately 15,235 acres located on the eastern border of the Central North Slope of Alaska. In addition, the company has a 50% working interest in Peregrine project covering an area of approximately 195,373 acres located in the NPR-A region of the North Slope of Alaska. The company was formerly known as Tangiers Petroleum Limited and changed its name to 88 Energy Limited in February 2015. 88 Energy Limited was incorporated in 1996 and is based in Subiaco, Australia.
EEENF
EEENF Strong Uptrend | LongI've been trading this beauty since $0.022 and taken some pretty sweet scalps. It's holding strong in a Fibonacci uptrend channel with all the makings for future pumps. It just looks strong but I would personally DCA if getting in for the first time. As always this isn't investment advice, DYOR and Good luck!
$EEENF Same Potential as $HMBL DD Below LT PT: .50-$1.50$EEENF since April: Now owns 100% of Peregrine
Extinguished all their debt
$COP in their investor meeting mentioned the surrounding oil fields which include 3BBOE
Getting closer to additional core sampling results
Ex-CEO David Wall doubled his position from 120,000,000 commons to 240,000,000 common shares
Top 20 Shareholders (Institutional Ownership) went from 36% to 64% of the total O/S 8,000,000,000 Shares locked up for much much higher. O/S 12.5 Bil
88energy.com
WALL (DAVID JAMES) Managing Director (Old CEO)
Bought
Jan 10, 2021
120,038,015 (Now 240,000,000)
EVANS (MICHAEL JOHN) Director
Bought
Jan 10, 2021
32,457,145
STALEY (GEORGE HENRY STEPHEN) Director
Bought
Jan 10, 2021
12,808,334
Furthermore, look at insider transaction they bought last two years. Some exercise of option high as .20 cents per shares. None of the shares they bought in the recent and the past two year has sold on the open market because their isn't a filings indicated they sold. Keep in mind 88 Energy NOT a Stinky-Pinky hidden on the attorney letter at octmarket.com. Company report on the audited and review of the annual and half-year financial report, and register with the SEC.
ca.finance.yahoo.com
The Intelligent Investor believe if a number of insiders purchase more shares of a company, they may believe that the company will have strong future earnings and that the share price will increase in the near future. Let's not forget just recently director Exercise of option 500k .055 higher than the open market below .02 cent. If that isn't enough then checkout Elko crew drilling bought 360 million shares from 88 Energy.
ca.finance.yahoo.com
Debt Free: clients3.weblink.com.au
Very reputable and high end banks have been increasing their positions in the company: twitter.com
Overall PT by EOY around .50 maybe $1.50 by February of next year.
$HMBL was at $1.50 with a 4.5 Bil O/S before the R/S and this has more potential.
88 energy Technical bounce at 0.94 - 618 fib levelAfter a huge spike earlier this week naturally the market has sold off. We are looking for likely spots where the market will bounce. A great setup is at the 618 fib level where most likely buyers will be looking to enter. So far my technical have played out extremely well. and considering a drill results/update in a mid next week, we are looking for levels where market will hold out .
Expecting buyers to enter around 0.95 cents for a target of 2-3+ pennies for good Risk Reward