Entered ITE here. Expecting at least a run at the 236 before heading higher. Looks to have made an EMM here to find support. Using the 3/8 trap for entry. Moved stop right out as markets are brutal currently. This has significantly reduced value of trade.
· Q1 2021 average production of 8,856 boepd, outperforming expectations
· Financial discipline maintained, with an initial hedging strategy implemented and 2021 full-year net operating income expectations increased to CAD 38mm (USD 31mm)
· Significant initiatives in the Clearwater play
o Planning for an appraisal and development drilling programme at Marten...
request. having a look at ITE aka i3. Pump and dump may be over and we are looking for a support structure in end of Apr to confirm the continuation of the new trend
Description on chart. I need to research this company some more but at first glance I like it. I am NOT a financial advisor, this is all JMO please DYODD.
50% retrace from the recent high but more importantly 35p represents the breakdown and break back line in the sand for me. We should see this extend powerfully from here much higher. See notes on chart for targets.
Massive amount of newsflow to come before drill summer campaign.
Cash in hand.
no warrants,
Lombard bought more,
JV / farm out partner to come,
appraisal well, production well & exploration well to come
60p to 75p target & make sure you slice along the way to protect profits.
Be mindful if those areas but I think we could have a relief rally before any consolidation, any glimpse of good news will boost the price easily as dip was over-reaction from MM's.
Unbiased but follow story.
