Dune Energy Inc (DNE)

[iwant1mil]

You're right, symbol DUNR.OB looks better. Symbol DNE didn't turn up much. The last finance report didn't look too good as they are still losing money. However, with the increase in oil prices, this might be just what they need to turn things around. I'll keep my eye on this one.

[airbus300]

Go to the DUNR board. Symbol changed. Shares way up.

[YankeMike]

I'm not a shareholder, but may I ask why you think this is a scam?

Thanks,
Mike

[iwant1mil]

Looks like another SCAM stock. Wouldn't touch this one.

[YankeMike]

That makes sense. I owned it around 30 cents on the way down and got out with a small loss. Wish I had the patience to wait for the turnaround because it has been impressive! This is where I thought it should be trading last year, lol. Good luck, I hope it keeps going up for you. I will keep it on my radar.

Mike

[Didymus]

There was always this--"we're getting around to drilling or doing something" but nothing ever happened.

So Debt & short interest became the motivating factor in driving stock price.

While I was disappointed delisting took place, I was glad it removed DUNE from the short radar.

Now management seems to be doing or getting around to doing something.

Here's hoping!!

[YankeMike]

Very impressive run! I never did understand why it went as low as it did. I guess a big reason was because they went from the AMEX to the OTCBB.

Mike

[Didymus]

Oil prices moving up.

Dune beginning to develop prop's.

Speculators getting back in.

[Didymus]

Board seems quite dead. Then again--the stock has given no reason for optimism until the last few months.

Today's move is nice.

Have been 2nd guessing Gaines the last # of years and wondered if he lost his touch. But was too deep in the hole to eat losses (I know that sounds funny--my stubborn side).

Perhaps this is a resurection of DUNE--hope so, I have a ton of DUNE that I'd like to see go somewhere. I'm in no huge hurry. I have a 10-15 year window to see DUNE do something spectacular.

[YankeMike]

Does anyone know why this stock has had such a huge move lately?

Mike

[Serfcorp]

HDY you were told lol....
glty...

[beaner85]

Sorry I didn't respond earlier, but ECOMIKE is correct. Here is a link to that PR.

http://research.scottrade.com/public/stocks/news/news.asp?docKey=100-176p9564-1&;

[Founder77]

Eco, thanks for the info... I have been watching but missed that news link

[Ecomike]

It was in the news last week, voluntary delisting from the AMEX board, now moved to the OTC market, so ticker symbol changed. Should save them some money till they get back on solid ground. The name change may be buying opportunity, while people figure out the new ticker. Usually causes a price drop till people catch on to the change.

We may need to open a new board today with a link to here for history.

Lots of bid and asks right now, range bound from .11 to .13 listed on pink sheets

Found this at Fidelity under news:

HOUSTON, July 16 // -- Dune Energy, Inc. ) today announced that effective at the opening of the market on Friday, July 16th, 2010, the Company's common stock will be traded on the OTC Markets, quoted under the symbol "DUNR."

The Company will continue to be a SEC reporting company.

[Founder77]

Why the name change? This is sudden, did they do any split of any type or merger or something? Surprised about the name change.

[beaner85]

New ticker DUNR.OB
http://www.otcmarkets.com/stock/dunr/quote

[Ecomike]

I am waiting for it to test and hold the recent lows, or go lower to make an initial buy to hold long term. Hope I did not wait too long.

[Founder77]

Good to see an uptick on this. I agree. Wondering what caused this jump. Was reading some say there could be property up for sell would be causing this.

[GWShark]

Nice to see some up-ticking on this!
Let's run.

[Serfcorp]

The latter imho :)

Rule of thumb,when companies do r/s run for the hills.DNE will do another one,mark this post lol...

glty..

[Ecomike]

As a comparison of things to come here?

Or as an alternate stock to invest in?

[Serfcorp]

Brush up on the sec filings with hdy as oppossed to dne and look at what hdy insiders are doing as compared to the company builders at dne..

glta

[Ecomike]

Thanks, I looked at it, but I don't see blood in the streets there yet. Buffet says to buy when there is blood in the streets, and I see lots of blood, and even carcasses here, after reading most of the old posts,



LOL.

[Serfcorp]

GLTY in whatever you do,but for a legit oil play do your DD on HDY and see how a REAL play unfolds imho..

Best regards..

[Ecomike]

I trade and own several pinkies, have done alright with several. The R/S may be quite a ways off IMHO. I think they found new money to move on some drilling. I think this as a bottom fishing play for a NG rebound over the next 2 years. Should be (may be) an OK bet, as long as they survive, which it looks like they may. But not sure if they have bottomed yet. It might drop more once the Amex listing is gone.

[Serfcorp]

GLTY sir,expect another r/s when they hit the otcbb or pink sheets,all part of their plan.Trade it if you want,but when it delists,watch all the liquidity go right out the window..



Kudo's to the company builders at DNE,you should be very proud gentelmen,lol........

[Ecomike]

I was just looking the IHUB float number, that can't be right?

Yahoo shows 29.99 M, IHub shows less that 2 mil?

Oh, I smell blood in the streets on this one, almost time to buy?

[Ecomike]

Just started following this one. Got word today this is now a buy and hold from a reliable source that also likes to bottom fish.

I don't see anything but bearish posts here jumping overboard!

[Serfcorp]

Congrats dude,they rammed it up shareholders rear ends quite well lol...Hope most here were able to save something at least..

[Tim]

Sold all 34K at open at .17 - a penny above what I paid. Glad not everybody reads news on time. Tim

[Serfcorp]

lod .085,last one here shut off the lights....


congrats to DNE management,well done boys!!!!!

[Serfcorp]

.1101 lod so far i said a dime at open so lets see lol..
Lesson here folks is as follows,when you see the abnormal selling as of late it is a sign to bail,hope the poster with 100k heeded my advice.

[Serfcorp]

timberrrrrrrrrrrrrrrr lol,,,

[littlejohn]

Actually like DNE and the asset base they assembled but not the prickster bankers who have them by the cods and appear to want to move the assets into different hands...IMO...

The market is set up to sell shares and its hard to keep that in perspective all the time...Sorry about that temporary lapse from reality...LJ

http://www.insider-monitor.com/top10_insider_sales_week.html

[Serfcorp]

Agreed,these guys get away with murder to say the least lol..
Surprises me though that some live to a ripe old age,maybe those post office workers that go on rampages should modify their targets somewhat!!!!!!!!!! imho

[littlejohn]

Big institutions have been unloading DNE since early in the year...MMs have probably offloaded their inventory in the last run ployed for retail appetites...

Martha Stewart was an angel compared to the big money folks controlling a lot of the market,IMO...LJ

[Serfcorp]

The beauty of the otcbb is that it will be easier for them to manipulate and run it.The mm hold back all the sells at the bid and just process some at the ask,so getting out becomes an adventure.Got to love the brains at dne though,they wait till 4:10 on a friday,pull all the bids on level 2,and wham, hit you with that release.One poster here owns over 100,000 shares and i have been pleading with him to get out,because i smelt the trap here.I will be very surprised if this opens anywhere near a dime monday..

[CashCowMoo]

Well I have been watching it for a while just waiting for that signal to buy or leave, and this is a signal to leave. Not because I dont think they can turn it around, but because the market will respond. Its money we are trying to make. Trade, or be traded.

[Serfcorp]

Too say the least,lol.Mickey mouse operators lol.Open at a dime imo come monday..Lots of bagholders in here..

[CashCowMoo]

Well time to take this stock of my radar

[Serfcorp]

Wonder if it opens at a dime Monday.

[Serfcorp]

Well well did i tell you folks something was not right here.
Hello otcbb bye bye amex,lol,lets look on the bright side,at least on the bb they can run it to la la land again lol.




To dne management F U very much!!!!!!!!

[Serfcorp]

somethings not right,jump shop if you haven't already imo...

[CashCowMoo]

one month chart is not looking good

[Serfcorp]

Looks and smells like dilution imo.too bad..

[Serfcorp]

cut your losses here folks,this ones history,imo........

[Serfcorp]

Out of here,going to take a miracle for this one to move again imo,glta that remain....

[CashCowMoo]

Give it another week to get in lower I bet

[Serfcorp]

that would double it in a jiffy imo,lol........

[Frankiy]

A share repurchase would be a nice move imo