> http://www.investegate.co.uk/Article.aspx?id=200804020701443743R
http://www.imperialenergy.com
http://www.investegate.co.uk/Article.aspx?id=200807040700042799Y




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img src="http://charts.moneyam.com/Chart.aspx?Provider=EODIntra&Code=IEC&Size=700&Skin=BlackBlue&Type=2&Scale=0&Span=YEAR1&MA=&EMA=&OVER=&IND=&XCycle=&XFormat=&Layout=2Line;Default;Price;HisDate&SV=0">
cyril

Someone, please somehow stop this share from rising like this !

Up 12% today but am none the wiser as to why. If it's purely speculation or rumour then the sp may correct itself, but frustrating not being able to find any news.

Missed out on this, There's no position I wanted to get out of, now the price seems to be :fair value.

Speechless.......!

is there even a rumour around as to why IEC has bolted as it has, and is even strong again today though of highs

Its to do with that intend to spin of their rigs into a seperate company.
cyril

don't see why that should encourage sp to bolt .... actually have heard that IEC is now on Merrill's highly rated list, but am glad i top-sliced 1/3 this morning, even if not at the top

Any one interested, IEC's site is in the lead post, click on operations and Rigs.
Wonder what the SP will goto when D&G release the latest Reserve figures,Come
end of March?

Their are several oilers operating in Russia worth taking a look at, 2 which have
simular reserves Timan and Urals the latter is producing just under 10,000bopd
and larger reserves in E/Siberia about 1/2 years behind (M/Cap100m against the 900m of IEC)and the tax system is very much in their favour. Well worth checking out as the SP is at a fund raising level, i feel a rerating is just around the corner?
cyril

IEC sp has been caught up in the backwash of the news about the enforced sale to Kaz government of a slice of one of the major fields ..... IEC has also rocketed in recent days for no obvious reason, so a reaction and consolidation is not unreasonable .... thus, with the markets looking rocky again, i have sold the balance of my holding, but with a view to getting back in in due course

Perhaps time to short Chairman Levine sells 1.5 million shares see RNS.

I have been watching IEC for a month or more & it is not unusual to see the sp move 6 - 7% in a day. It regularly appears on BBC2 Ceefax biggest movers page (Pg 225).

1.5 MILLION @17 is a lot of loot!

.....or has it got something to do with Darlings CGT cock up?

particularly brave stock to short as it can rocket (like yesterday) for no obvious reason

Really incredible movements here, never know what it's going to do next, I must admit I'd like to get in again at some stage.

keep an eye on the chart (post 322) ..... 1500 (today) where sp hits sharply rising 25 dma could be an entry target to consider

is there anything wrong with this stock? [imho i don't think so].
1500-1530p looks like a good point to get in, but this is assuming it stops at the 25 dma.
200p in 2 days is a lot, in a straight line down.
i think this may bounce but wouldn't care to guess how high or if it will stay there.

any other opinions, chartists views etc.

Alex

IEC has a habit of being highly and totally unpredictatbly volatile ..... imo, i see hurry to invest new money anywhere .... IEC may also remain vulnerable in the light of the latest news that CEO has sold 1/3 of his holdings .... apart from anything else, that implies there is no news (good or bad) expected imminently

25 DMA is about 1518p & twice pushed under that today.
Still well above the 200 DMA & this stock regularly bounces, so worth a very short term punt, imo so long as one is happy with +/-7% in a couple of days. Difficult to know if there is more bad news from the U.S. though, to drag us down.

Ridiculous these drops like this, bad news in USA does not mean that oil output is going to drop, oil prices still very high !, same for PFC, DNX, VPC...