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Sunday, 27 November 2011

LEI $2.20 - A company that focuses on building and developing a portfolio of oil and gas assets by acquiring what they believe are undervalued, underdeveloped and underperforming properties and for which they believe they can increase production economically and profitably. Has recently closed a deal to purchase properties from Nodric Oil USA 1 for $22 million. (see news here, or NASDAQ.com link below)

The charts (both weekly and daily) for LEI have shown alot of strength recently after climbing out of it's 7 month downtrend. The vol. on Friday (short trading day) was quite impressive and may have reached it's 6 month vol. high of 2.5 million shares traded had the day been full. I would expect to see a continuation of volume Monday as traders vie for position. LEI may be one to keep on your screens for a good while. The bottom seems to be in and a new uptrend has, IMO, begun.

Weekly Chart                                           






 Daily Chart

NASDAQ.com Link http://www.nasdaq.com/symbol/lei/real-time
news, financials, etc..

September Production on Lucas Pending Wells & All other Wells - http://www.investorvillage.com/smbd.asp?mb=14483&mn=50&pt=msg&mid=11144693

Friday, 18 November 2011

DKAM .0025 - may breakout bullish but there may be reason for caution.



Recent news link - Sales for Q exceed $750k