Trading Updates: ERHC Is In Deep Waters
Ignored as the price of oil soared, ERHC Energy is now watching its share price fall with the price of oil on news that the OPEC quota will be expanded for a second time this month, this time by 1,1 million barrels of crude per day.
For ERHC On The Move our portfolio of 120,000 shares purchased at an average of $0.4374 that a month ago was enjoying a $50,000 gain is now not enjoying a $1,300 loss.
Update, 8:51am EDT, 6/30/05: After closing at $0.45 on Tuesday, the share price closed at $0.445 on Wednesday and opens at that price today. The Bid is $0.445 and the Ask $0.45.
Update, 10:44am EDT, 6/29/05: The price is now $0.43, the Bid, on 400,349 shares of volume. The Ask is $0.435. Pumpers on Raging Bull are so depressed they're jumping off exclamation points.
For ERHC On The Move our portfolio of 120,000 shares purchased at an average of $0.4374 that a month ago was enjoying a $50,000 gain is now not enjoying a $1,300 loss.
Update, 8:51am EDT, 6/30/05: After closing at $0.45 on Tuesday, the share price closed at $0.445 on Wednesday and opens at that price today. The Bid is $0.445 and the Ask $0.45.
Update, 10:44am EDT, 6/29/05: The price is now $0.43, the Bid, on 400,349 shares of volume. The Ask is $0.435. Pumpers on Raging Bull are so depressed they're jumping off exclamation points.
posted by ...Joe Shea at 8:52 AM
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