The oil price will rebound and NG will rise during the winter.

Cash heavy great buy

Oil has always been a peak and valley business

Fixin to buy in

What a steal

Yup, oil crashed.

They do have 14 million in cash and a stockholder equity of 17 million. Never said it was poorly run. Its undervalued, but for good reason. This company is a micro drop in a ocean of whales. Especially with low oil prices in the foreseeable future(imo)

SPND is an old friend. I first bought it in 1998 at .15 and added through .60 over the next several years. I sold out around 2005 or so with my last shares going off around $6 bucks -- it kept on going to $10.

You do realize they have something like $2.30 in cash, right?

So, once again, I'll take my chances.

Oil should be in a sideways/downward trend from here. The thesis hasn't changed. I dont think oil will be at $70 in the foreseeable future. They arent IPOing Saudi aramco because its the bottom of the market. They want out. As for Spindle top. Revenue has dropped from 13 million to 6 annually.

You have to realize that this is a extremely small company. Even though the management is good, they have very little resources to work with and its growth prospects are meek at best.

REally???

Here's a 4 yr weekly chart -- jan 2016 to present.

DO YOU SEE A TREND? Today I bought more SPeND.



Is the stock going to drop below $1.39 and make a lower low -- or is it about to turn up?

20 YEAR DAILY CHART

This stock doubled since you made that prediction. Perfect example of a good reason for folks to pay little attention to most of what is posted in iHub.


(didnt own it then, but we have a history - but recently bot in)


SPND is too illiquid for the avg investor, but a great company. (pros only)

This stock doubled since you made that prediction.

(didnt own it then - but recently bot in)

No. oil is done

$SPND even a better deal today considering how much some oil companies moved up today like LINE LNOC EXXI ect.

$SPND may be good to buy portions of over the next 6/months or so, if you believe oil won't stay "cheap" too much longer.

Yeah, does seem like it want's to move lower...

sell while you can, buy back later.

$SPND been holding up well this month compared to all the other oil companies. Mararathon is based in Texas too, has positive earnings also, relatively low P/E, and look how much they are down recently! https://www.google.com/finance?q=NYSE%3AMRO&ei=5W2LVNiFOsi0qgGjpIHwDw

Yeah SPND is probably going to go down imo. Will be lower in 6 months. Won't be down as much as most others that are related though. Hate to be negative about it...

$SPND Piling up cash for something?

New report here

http://ih.advfn.com/p.php?pid=nmona&article=64493080

waiting to see if lower oil and gas prices will hurt them. They might be alright but I want to wait.

$SPND chart looking great!

Ascending triangle is forming here.

I think earnings are coming up in september sometime. Im looking at this before then.

9 p/e 13 million revenue 40 million market cap.

Think I might want to buy. A little pricey but it looks good.

Pretty solid balance sheet

recently found spindletop... after initial analysis i love it. anyone still on here?? would love some insight from any longtime investors

Nice !! 23 cents/share profits for 2011. Big increase over recent years. Now...let's see >$3.00/share price

SPND.. $2.24..SPINDLETOP OIL & GAS CO. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)

Years Ended December 31,
2011 2010 2009
Revenues
Oil and gas revenues $ 8,000,000 $ 6,302,000 5,067,000
Revenue from lease operations 289,000 319,000 317,000
Gas gathering, compression, equip rental 172,000 179,000 192,000
Real estate rental income 436,000 448,000 503,000
Interest Income 83,000 158,000 208,000
Other 360,000 250,000 626,000
Total Revenues 9,340,000 7,656,000 6,913,000

Expenses
Lease operations 2,444,000 1,901,000 1,640,000
Production taxes, gathering and marketing 809,000 712,000 807,000
Pipeline and rental operations 25,000 33,000 34,000
Real estate operations 225,000 246,000 249,000
Depreciation and amortization 1,152,000 1,042,000 997,000
ARO accretion expense 34,000 48,000 86,000
General and administrative 3,275,000 3,467,000 3,332,000
Interest expense 55,000 84,000 71,000
Total Expenses 8,019,000 7,533,000 7,216,000
Income Before Income Tax 1,321,000 123,000 (303,000)

Current income tax provision (benefit) (229,000) (97,000) (226,000)
Deferred income tax provision (benefit) (203,000) (227,000) (116,000)
Total income tax provision (benefit) (432,000) (324,000) (342,000)
Net Income $ 1,753,000 $ 447,000 39,000

Earnings per Share of Common Stock
Basic and Diluted $ 0.23 $ 0.06 $ 0.01

Weighted Average Shares Outstanding
Basic and Diluted 7,645,858 7,631,652 7,618,940

SPND.. $1.66.. This is a table pounder..

When filing for the NT 10K SPND was asked several questions which it had to answer with the late filing.. Usually Late filings are of little interest because they almost alway's are the prelude to bad or sloppy bookkeeping with not such good results..

In this case earnings as they as super conservative should be above $1,650,000.00 EPS of over $0.21 per share vrs. $0.06 the prior year.. Cash flow of $2,960.000.00 is equal to $0.387 or almost twice the previous years cash flow of $0.195.. Cash should increase to to over $9,000,000.00 or $1.18 vrs $0.82 for the previous year..

On cash flow I would evaluate SPND at 6 times or $2.32 and if you add the cash of $1.18 you get $3.48.. Last on SPND was $1.66 so I can see at least a double from here W/O any undue risk.. If 4'th qtr. results were ther the same in the next 4 Qtrs I see the value of SPND being $5.32..

NT-10K with a very nice "wrinkle" filed ....

expecting good annual #'s from Spindletop Oil&Gas

with the price of oil back up over $100 a barrel and a + $1,353,000 profit for the first 9 month's of 2011 no reason to expect otherwise..should also make for a very green start to 2012

...only reason i can think of for the low pps considering this little gem's balance sheet and steady profitability would be the fact that they're not paying a dividend..(and have stated they don't intend to)...insider's own 90% of it...apparently no actual reason to think Spindletop's an acquisition target.. ?possible concerns of them depleting all their reserve's eventually and "closing up shop" after a long run as an essentially private company with no concern's for the stock and it's price?

...SPND's average volume is counted in the hundred's,not thousand's

2010 10-K due by 6pm EST today

..gotta love a genuine oil & gas company like this one with only 1.7m share's in the float.

..will 2011 be a sweet little year for SPND with the high price for crude and an improved one for gas??

Some historical background on the company...

this section no longer appears in the companies filings

.......from 2002 10-K filed 3/31/2003........

______________________ BACKGROUND_____________________________

The Company is a Texas Corporation. The Company was previously known as Prairie States Energy Co. ("PSE"). On July 13, 1990, Spindletop Oil & Gas Co., a Utah Corporation, ("SOG UTAH") merged into PSE, and the name of PSE was changed to Spindletop Oil & Gas Co., the Company herein.

The Company was originally incorporated in Colorado as Mid-America Drilling & Exploration, Inc., on August 9, 1978 as a wholly owned subsidiary of Mid-America Petroleum, Inc.("MAP"). The principal business of the Company at that time was contract drilling of oil and gas wells. The initial public offering of the Company occurred by prospectus dated December 13, 1979. In
January 1981, the shares of the Company owned by MAP were distributed as a dividend to the shareholders of MAP. The Company's name was changed to Prairie States Exploration, Inc. on March 15, 1983.
Prairie States Exploration, Inc. became insolvent in late 1983, and filed for protection under Chapter 11 of the Bankruptcy Code on December 14, 1983.
Prairie States Exploration, Inc. was successfully reorganized under Chapter 11 of the Bankruptcy Code, and the Bankruptcy Court approved the plan of reorganization on September 9, 1985. Pursuant to the Plan, the Company merged into a wholly owned subsidiary, Prairie States Energy Co., a Texas Corporation.

The Plan of Reorganization was proposed and funded by Paul E. Cash.

Since the reorganization, the Company has engaged in the general oil and gas
business, including exploration, development, and production of oil and gas,
the rental of oilfield production equipment and the ownership and construction
and operation of pipelines for the gathering and marketing of natural gas. SOG
Utah was incorporated on August 15, 1975 as Main Street Equities, Inc., a Utah
corporation. SOG Utah sold 5,000,000 shares of common stock in a public
offering in 1976. Until 1981, the business of the company consisted of minor
real estate operations. In October 1981 the name was changed to Aledo Oil and
Gas Company, and in January 1983 the name was changed to Spindletop Oil & Gas
Co.

The name "Spindletop" has been used by Paul E. Cash since 1975 in conjunction
with several previous oil and gas businesses in which he was engaged.
On July 13, 1990, SOG Utah was merged into PSE, and the name of the surviving
company was changed to Spindletop Oil & Gas Co., a Texas corporation. In the
merger, each shareholder of PSE received one-half share of the common stock of
the surviving company, for each share of PSE owned prior to the merger. Each
shareholder of SOG Utah received one and one-half shares of the common stock
of the surviving company, for each share of SOG Utah owned prior to the merger.
After the merger, the Company had 44,922,564 shares of common stock
outstanding, 32,255,195 of which were owned by the shareholders of PSE and
12,667,369 by shareholders of SOG Utah. Shares issued to the former
shareholders of SOG Utah have not been registered with the Securities and
Exchange Commission but according to Rule 144-K these shares would
automatically become free trading three years from date of issuance.
The Company's management believes that all shares issued to the former shareholders of SOG Utah are now free trading in accordance with Rule 144-K.
On January 31, 1997, the Company effected a one for six reverse stock split.
The Company reduced the authorized common shares from 150,000,000 to
100,000,000 and increased the par value from $.001 to $.01 per share.

On December 1, 1999, Giant Energy Corp. purchased controlling interest in Spindletop Oil & Gas Co. Giant purchased 5,860,889 shares of the Registrant's outstanding Common Stock and as of December 31, 2002 owns 77.3 percent of the Registrant's 7,582,471 shares of outstanding Common Stock.
Chris Mazzini,President and Chairman of the Board of the Registrant, is sole owner of Giant.
____________________________________________________________________________________________________

.......current insider ownership...............


Chris Mazzini and Michelle Mazzini ... 5,900,543 (1) 77%
12850 Spurling Rd., Suite 200 Dallas, Texas 75230

All officers&directors,as a group .....5,900,543


West Coast Asset Management, Inc. .. 703,000 9%
West Coast Opportunity Fund, LLC
1205 Coast Village Road
Montecito, California 93108

(1) Chris Mazzini directly owns 39,654 shares (1%). Giant Energy Corp. directly owns 5,860,889 shares (76%).
Chris Mazzini owns 100% of the common stock of Giant Energy Corp.

............ and Paul E. Cash.....
Common Stock 265,036 (3.47%) as of 01/29/2008
(he'd had 308,478 shares but sold 43,442 between 12/15/2006 and 7/23/2007)

...add these up and you get 6,868,579,or 90% of the 7,630,803 current outstanding
_________________________________________________________________________________________________________

here's something from West Coast Asset Management's ownership registration which may not mean a thing............

ITEM 4. Purpose of Transaction.

The Reporting Persons originally acquired all of the shares of common stock reported herein for investment purposes.

As an investor in the Issuer, the Reporting Persons have had from time to time general discussions with representatives of the Issuer, and with representatives of third parties, regarding various matters related to Issuer’s business and operations. Some of these discussions have included brief and cursory discussions of hypothetical strategic alternatives designed to maximize shareholder value.

The Reporting Persons intend to engage in communications with one or more stockholders, officers, or directors of the Issuer, and/or other third parties, regarding the Issuer’s operations and strategic direction. These communications may include ideas that, if effected, would result in, among other things: (i) the Reporting Persons acquiring additional shares of common stock, or disposing of any or all of their shares of common stock; (ii) an extraordinary corporate transaction, such as a merger, sale, reorganization, or liquidation involving the Issuer; (iii) a material change to Issuer’s present capitalization or dividend policy; (iv) any other material change in the Issuer’s business or corporate structure; (v) soliciting proxies or consents, to be used at either the Issuer’s regular annual meeting of shareholders, or at a special meeting of shareholders, or otherwise, with respect to the matters described above; (vi) seeking alone or with others to acquire control of the Issuer through a merger, proxy solicitation, tender offer, exchange offer or otherwise; and/or (vii) taking such other actions with respect to the Issuer as the Reporting Persons may from time to time determine.

Based on such discussions and upon the Reporting Persons’ continuous evaluation and review of Issuer, and other factors, the Reporting Persons will continue to consider various alternative courses of action and will in the future take such actions with respect to their investment in the Issuer as they deem appropriate in light of the circumstances existing from time to time.

Although the Reporting Persons expect to undertake one or more of the actions described above, there exists no agreement between the Reporting Persons of the kind described in subparagraphs (a) through (j) of Item 4 of Schedule 13D. Except to the extent that the foregoing discussions may be deemed a plan or proposal, none of the Reporting Persons has any plans or proposals that relate to or would result in any of the transactions described in subparagraphs (a) through (j) of Item 4 of Schedule 13D.

i wonder what their actual valuation is..

these are their gas and oil reserves as of 12/31/2009
(doesn't look like they give these #'s in the quarterly reports)


Total proved gas reserves-Mcf
12,521,000

Total proved crude oil
and condensate Reserves-Bbls
323,000

even at just $3.50 per Mcf they would have $42m worth of gas
at $70 per barrel they would seem to have $22m worth of crude
.......these two together would total roughly $65m........

most of the necessary drilling has been done in connection with these reserves to actually bring it up out of the ground so i'd think they would stand to realize better then half (?) of that $65m amount in revenue's......

at its current price would this stock be something of a relatively safe investment while hoping for SpindleTop to be acquired by one of the larger producers?

.... i like their swirling oil well and blue flame gas logo but i think i'd have to give the link to their website!

I've been doing more and more research about this one. Spindletop is a great small cap with upside potential once NG prices rebound with a market cap of only $11 million. The drop in natural gas prices have caused this stock to decline to less than book value.

The company only has 22,975 net acres primarily located in Texas with additional smaller interest located in various other states. What makes Spindletop interesting are a few assets other than natural gas. First of all, the company has $1.13 per share in cash and a stock price of only $1.45. In addition, the Company owns its headquarters building just off the LBJ Freeway in Dallas, Texas. The 27 year old building sits on 1.4919 acres and has 46,286 rentable square feet and is only on the books for $1.8 million. The company occupies 10,317 and leases the remaining space to third party tenants. The company also owns 26.1 miles of natural gas pipelines in Parker, Palo Pinto, and Eastland Counties, Texas. I estimate the cash and true value of the building is worth nearly $1.45 giving you the oil and gas reserves for free.

DD thanks for the reply and notes. I am very interested in Spindletop and their mid to long term potential here. The strong financials and operations begs the question why there is such little awareness / liquidity on this one.

Good luck with your other endeavors.

WoW..that message certainly was a surprise!

haven't been in SPND or any other energy stocks in some time

..nice to see SpindleTop Oil&Gas Co. still generating some interest..Balnce Sheet stronger then when it was trading in the $5 to $7 range several years ago.

Looks like they hit a bit of a speed bump or something on Revenue and Profit last year vs. '08 & '07..hopefully that's just a temporary situation.

Their website looks impressive..nice improvement from '05 & '06, but they still let their filings and asset's do the talk'n for 'em!

right now i'm just pursueing a penny by the symbol CHDO..they should be giving their Q3 result's shortly and i'm hoping for a nice increase in the PPS and marked improvement in Volume

Best Of Luck with SPND

----------------------------------------------------------------------------------------------------------------------------------------------------------------

Community Involvement

Spindletop Sponsors Shoe Drive and Blood Drive

Spindletop Oil & Gas Co. is very fortunate to have some exceptionally generous employees and tenants at Spindletop's building, One Spindletop Centre! Below are some of the ways in which Spindletop, through its employees and tenants, was engaged in bettering the community throughout the month of October.

During October, Spindletop had a shoe drive benefiting Austin Street Shelter. We put out the word that we were collecting wearable shoes to be donated to the shelter, and the response was overwhelming. Thanks to the generosity of all of those Spindletop employees and tenants, we were able to collect a multitude of shoes that were donated to the Austin Street Shelter. Austin Street Shelter serves the less fortunate and has myriad needs year round.

Spindletop Oil & Gas Co. partnered with Carter Bloodcare to host the One Spindletop Centre Blood Drive at the end of October 2007. The blood donations that Carter Bloodcare received from Spindletop employees and tenants were enough to save the lives of 48 people in the Dallas/Ft. Worth area! In addition, Carter Bloodcare pledged funds for each donor at the One Spindletop Centre Blood Drive to the Light the Night Walk (a fundraising event for the Leukemia and Lymphoma Society for which Bob Lilly, Jr., CEO of Bob Lilly Professional Promotions, was the Dallas area chairperson and Spindletop Oil & Gas Co. was a banner sponsor). Remember, it takes 1,100 blood donations per day to meet the needs of the Dallas/Ft. Worth area! Please donate blood at any area Carter Bloodcare.

Spindletop hosted a luncheon at One Spindletop Centre on the same day as the One Spindletop Centre Blood Drive. It provided an excellent opportunity for all of the tenants of One Spindletop Centre to spend time together (and for that morning?s blood donors to raise their blood sugar!). It was a festive Halloween-themed event, replete with spooky costumes, delicious candy, and spirited decorations. It was an occasion for Spindletop Oil & Gas Co. to let their spectacular tenants know how much they are appreciated!

Here's a link to their most recent 10-Q..
Community InvolvementSpindletop Sponsors Shoe Drive and Blood Drive

Spindletop Oil & Gas Co. is very fortunate to have some exceptionally generous employees and tenants at Spindletop?s building, One Spindletop Centre! Below are some of the ways in which Spindletop, through its employees and tenants, was engaged in bettering the community throughout the month of October.

During October, Spindletop had a shoe drive benefiting Austin Street Shelter. We put out the word that we were collecting wearable shoes to be donated to the shelter, and the response was overwhelming. Thanks to the generosity of all of those Spindletop employees and tenants, we were able to collect a multitude of shoes that were donated to the Austin Street Shelter. Austin Street Shelter serves the less fortunate and has myriad needs year round.

Spindletop Oil & Gas Co. partnered with Carter Bloodcare to host the One Spindletop Centre Blood Drive at the end of October 2007. The blood donations that Carter Bloodcare received from Spindletop employees and tenants were enough to save the lives of 48 people in the Dallas/Ft. Worth area! In addition, Carter Bloodcare pledged funds for each donor at the One Spindletop Centre Blood Drive to the Light the Night Walk (a fundraising event for the Leukemia and Lymphoma Society for which Bob Lilly, Jr., CEO of Bob Lilly Professional Promotions, was the Dallas area chairperson and Spindletop Oil & Gas Co. was a banner sponsor). Remember, it takes 1,100 blood donations per day to meet the needs of the Dallas/Ft. Worth area! Please donate blood at any area Carter Bloodcare.

Spindletop hosted a luncheon at One Spindletop Centre on the same day as the One Spindletop Centre Blood Drive. It provided an excellent opportunity for all of the tenants of One Spindletop Centre to spend time together (and for that morning?s blood donors to raise their blood sugar!). It was a festive Halloween-themed event, replete with spooky costumes, delicious candy, and spirited decorations. It was an occasion for Spindletop Oil & Gas Co. to let their spectacular tenants know how much they are appreciated!

link to SPND's most recent 10-Q..

http://yahoo.brand.edgar-online.com/DisplayFiling.aspx?dcn=0000867038-10-000015

..well well..up to $13m in Shareholder's Equity!..very nice

The last press announcement listed on their website. I wonder why they stopped putting out press announcements?

PRESS RELEASE
SPINDLETOP OIL & GAS CO. RELEASES EARNINGS FOR FIRST HALF OF 2008.
DALLAS, August 19 /PRNewswire-FirstCall/ -- Spindletop Oil & Gas Co. (OTC
Bulletin Board: SPND) (the "Company") has released its earnings for the six months
ended June 30, 2008. The Company reported Net Income of $2,194,000 on gross
revenues of $6,963,000 for the six months ended June 30, 2008 as compared with Net
Income of $730,000 on gross revenues of $3,577,000 for the six months ended June 30,
2007. Earnings per share of common stock for the six months ended June 30, 2008 was
$0.29 per share compared to $0.10 per share for the same period in 2007.


Natural gas revenues for the first six months of 2008 were $5,197,000 compared to
$2,284,000 for the same period in 2007, an increase of $2,913,000, or 128%. Natural gas
volumes for the first half of 2008 were 679,000 mcf compared to 349,000 mcf during the
first half of 2007, an increase of 330,000 mcf, or 95 %. This increase was due to the
addition of five new Barnett Shale wells that started producing gas during the third
quarter of 2007 through the first half of 2008. Average natural gas prices received were
$8.84 per mcf in the first half of 2008 as compared to $6.55 per mcf in the first half of
2007, an increase of 35%.


Oil sales for the first six months of 2008 were $1,192,000 compared to $692,000 in the
first six months of 2007, an increase of $500,000 or 72%. Oil volumes for the first half
of 2008 were 13,000 bbls compared to 12,000 bbls during the first half of 2007, an
increase of 1,000 bbls, or 8%. Average oil prices received were $96.55 per bbl in the
first half of 2008 compared to $56.68 per bbl in the first half of 2007, an increase of 70%.


This press release may contain "forward-looking statements" as that term is defined in the
Private Securities Litigation Reform Act of 1995. Such statements are based on
management's current expectations and are subject to a number of factors and
uncertainties which could cause actual results to differ materially from those described
herein. Although the Company believes the expectations in such statements to be
reasonable, there can be no assurance that such expectations will prove to be correct.


Spindletop Oil & Gas Co. is a publicly held independent exploration and production
company headquartered in Dallas, Texas that operates oil and gas properties throughout
Texas, Alabama, Arkansas, Louisiana, Oklahoma and New Mexico. The company also
operates several gas pipeline gathering systems and owns interests in outside operated oil
and gas producing properties in sixteen states. Approximately 87% of the company's
reserves are natural gas and 13% are crude oil and condensate.


The company filed its Annual Report Form 10-K with the Securities and Exchange
Commission on April 14, 2008. For more information, please go to the Company’s
website at http://www.spindletopoil.com, or contact Robert E. Corbin, Controller of
Spindletop Oil & Gas Co., 972-644-2581.

Good points Dizzydon - I do however like the potential here.

Summary of operations from 10q

I am very impressed with their company after reading the last 10q.

Results of Operations

Most recent 10-Q looks great. Bottom line is actually green.

I like the website >>>

http://www.spindletopoil.com

The company needs to put out a PR and a file. They are doing good but need to report it.

Keeping an eye on it... hope more volume comes.

Nice move today on low volume....

Wish it wasn't BB.