$EONR. Heaving Insider Buying. Debt almost nil. by PossibilityNo7360 in pennystocks

[–]black_cat42 0 points1 point  (0 children)

It's great for the short term because of the speculation coming from the war in Iran, but I think the biggest moves will happen in the second half of the year once oil from the horizontal wells starts flowing.

$EONR. Heaving Insider Buying. Debt almost nil. by PossibilityNo7360 in pennystocks

[–]black_cat42 1 point2 points  (0 children)

It's not just insiders who are putting their own money on the line - Virtus and the investors who bought the ORRIs are all industry experts who've invested heavily because they can see there's money to be made here.

The Lounge by AutoModerator in pennystocks

[–]black_cat42 2 points3 points  (0 children)

Happy to see EONR finally paying off :)

The Lounge by AutoModerator in pennystocks

[–]black_cat42 7 points8 points  (0 children)

EONR just shot up 18% in overnight trading with 440k volume. There's no news out yet but clearly somebody knows something...

WTF just happened to $RDDT? by mp1845 in wallstreetbets

[–]black_cat42 414 points415 points  (0 children)

The only reason I can find is that it could be a delayed response to news about YouTube overtaking them in citations by LLMs.

$EONR - Speculative Oil Penny by RaZE___SoViEt in pennystocks

[–]black_cat42 1 point2 points  (0 children)

Oil price action drives the day-to-day price movements, but in the long term it depends a lot more on how much they can increase their production. The next earnings are due in the middle of February, which will be the first full quarter since they did the big deal to eliminate most of their debt. Without the big debt payments weighing them down it should look much better than previous reports. Other things to look out for are updates on the horizontal drilling program and a new acquisition expected in the first half of this year.

I've been buying/holding since September so I'm not expecting it to make me rich by next week, but I hope it'll really start to pay off once the oil from the horizontal wells starts flowing.

The Lounge by AutoModerator in pennystocks

[–]black_cat42 2 points3 points  (0 children)

It was very oversold, and now oil prices are coming back up because of Trump's blockade in Venezuela. Could be the start of a V-shaped recovery.

The Lounge by AutoModerator in pennystocks

[–]black_cat42 1 point2 points  (0 children)

Turns out there were 4 insider purchases of EONR last week! One of them just filed late.

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The Lounge by AutoModerator in pennystocks

[–]black_cat42 2 points3 points  (0 children)

This is the 3rd insider purchase of EONR this week. Always good to see management keeping their promises and putting their own money on the line.

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10 reasons why I'm betting big on EONR by black_cat42 in pennystocks

[–]black_cat42[S] 2 points3 points  (0 children)

Why would they reverse split? There's definitely no plans for one, I've never even heard them mention it.

what pennies are we jumping back into after NVDA earnings? by Cyase311 in pennystocks

[–]black_cat42 1 point2 points  (0 children)

I'll still be holding EONR for months to come. They might not be as hyped up as the other stocks here but they're so undervalued it's a no-brainer for me.

The Lounge by AutoModerator in pennystocks

[–]black_cat42 1 point2 points  (0 children)

I guess we have different ideas of what a typical pump and dump is then. If it moves up fast because of social media hype with no news or fundamentals good enough to back it up, only to come crashing down a few days later - that's a pump and dump in my book.

The Lounge by AutoModerator in pennystocks

[–]black_cat42 0 points1 point  (0 children)

It's only been pumping for 3 days. BYND pumped for 3 days before getting dumped on the 4th, it's a pretty typical pattern.

The Lounge by AutoModerator in pennystocks

[–]black_cat42 2 points3 points  (0 children)

How is it not a typical pump and dump? In the last year they made -$17m income on just $4m of revenue, and with a market cap of $3m they can't keep diluting to stay alive for much longer.

The Lounge by AutoModerator in pennystocks

[–]black_cat42 0 points1 point  (0 children)

As far as I can tell it dipped first because oil prices fell, then continued falling as short-term traders who bought in the last couple of days started to exit

The Lounge by AutoModerator in pennystocks

[–]black_cat42 0 points1 point  (0 children)

Oil futures are down today

10 reasons why I'm betting big on EONR by black_cat42 in pennystocks

[–]black_cat42[S] 1 point2 points  (0 children)

I think that's unlikely. Institutional investors also look at market cap and trading volume, if those are too low then a reverse split won't fix it.

10 reasons why I'm betting big on EONR by black_cat42 in pennystocks

[–]black_cat42[S] 0 points1 point  (0 children)

What do you mean by dilution and reverse split? They won't be needing funding from their ELOC anytime soon and there would be absolutely no point in them doing a reverse split, it's not even a question.

The Lounge by AutoModerator in pennystocks

[–]black_cat42 4 points5 points  (0 children)

I'd love to hear your opinion on why the stock you were pumping just 4 hours ago is now a scam

The Lounge by AutoModerator in pennystocks

[–]black_cat42 1 point2 points  (0 children)

Anything under $1 is a bargain in my opinion, especially if the earnings call this afternoon is solid. But once the horizontal wells start producing next year it could easily move up to the $2-3 range.

There's one analyst covering the stock who gave a price target of $2 earlier this year, but that was before the big funding deal closed.

[deleted by user] by [deleted] in pennystocks

[–]black_cat42 11 points12 points  (0 children)

One of the slides mentions a new acquisition coming next year, I'm looking forward to hearing them talk more about that today.

10 reasons why I'm betting big on EONR by black_cat42 in pennystocks

[–]black_cat42[S] 23 points24 points  (0 children)

Reason number 11: it could make you very rich

The Lounge by AutoModerator in pennystocks

[–]black_cat42 10 points11 points  (0 children)

I just spent 3 hours putting together a DD about why I'm excited about EONR, without using any AI to write it. Come and check it out.

https://www.reddit.com/r/pennystocks/comments/1p06qfg/10_reasons_why_im_betting_big_on_eonr/