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The AD line is with the Fast Sto in the bottom section...
Yes, it does and isnt that a familiar picture for just about every stock in the pink ?
I didnt find the Accum/Dist line on your chart.
This looks to indicate a steady gradual climb since Sept 2012 and it tells me that confidence in GESI is high and investors regard this stock a long term investment.
There is always up and down movement in every stock but I habitually look at the Accum/Dist line which reflects the meat of the stock.
GESI/IFTF
Here's what GESI looks like today:
News is the driver but I can't explain the big drop: http://ih.advfn.com/p.php?pid=nmona&article=56128193&symbol=GESI
GBEN - Shares Outstanding 71,170,997 a/o Dec 14, 2012
http://investorshub.advfn.com/Global-Resource-Energy-Inc-GBEN-18725/
http://www.otcmarkets.com/stock/GBEN/company-info
Overview:
Global Resource Energy, Inc. (OTCQB: GBEN) is an early stage clean energy development company seeking to deliver Clean Renewable Energy around the world.
The company has acquired an innovative hydrogen fuel cell technology license that shows extraordinary promise in early stage testing. Global Resource believes the Mycroft Fuel Cell® Technology represents a game-changing opportunity in the alternative energy sector and aims to advance and prove the feasibility of this potentially disruptive technology as a commercially viable technology with immense potential.
http://www.global-resource-energy.com
Good question...Will Natural Gas Crush Alternative Energy In 2013?
October 15, 2012
http://seekingalpha.com/article/924191-will-natural-gas-crush-alternative-energy-in-2013
This month's $WTIC candle looks extremely bullish...
(link back for chart):
While oil and heating oil dropped, $NATGAS closed at a new high for the move yesterday.
$NATGAS... Still moving ahead!!!
Oil sure was strong last week...
With Cat. 2 Isaac on the way and this headline, there may be a jump in Sunday's electronic markets:
Explosion kills 39 at Venezuela's biggest refinery
By Sailu Urribarri and Marianna Parraga | Reuters – 7 hrs ago.
http://news.yahoo.com/explosion-kills-39-venezuelas-biggest-refinery-010335034.html
Oil Declines for Second Day, Pares Loss as Storm Approaches Gulf
By Sherry Su - Aug 24, 2012 6:14 AM ET
http://www.bloomberg.com/news/2012-08-24/oil-falls-a-second-day-on-u-s-jobless-claims-european-crisis.html
Oil prices fell amid sluggish progress in resolving Europe’s debt crisis. Losses were tempered by speculation that production in the Gulf of Mexico may be disrupted by an approaching storm.
Futures were little changed after sliding as much as 0.9 percent. German Chancellor Angela Merkel said she and French President Francois Hollande will maintain the pressure on Greece to overhaul its economy at meetings with Prime Minister Antonis Samaras in Berlin today and tomorrow. Tropical Storm Isaac is on a path to affect energy operations in the Gulf next week.
The drop earlier today triggered “some buying interest,” said Filip Petersson, commodity strategist at SEB AB in Stockholm. “We have a potential hurricane heading straight for the production areas in the Gulf, and that is likely to help oil hold up against the bearish macro wind that is blowing.”
Crude for October delivery dropped as much as 86 cents to $95.41 a barrel in electronic trading on the New York Mercantile Exchange and was at $96.07 at 10:23 a.m. London time. The contract yesterday fell 1 percent to $96.27, the lowest close since Aug. 20. Prices are up 0.1 percent this week and down 2.8 percent this year.
Brent oil for October settlement slid 15 cents, or 0.1 percent, to $114.86 a barrel on the London-based ICE Futures Europe exchange. The European benchmark grade’s premium to West Texas Intermediate was at $18.59, from $18.74 yesterday.
Storm Issac
Tropical Storm strengthened in the Caribbean Sea on a path projected to bring rain and heavy winds to the Gulf of Mexico next week and threaten energy facilities. The Gulf is home to 29 percent of U.S. oil production, 6.3 percent of natural-gas output and 40 percent of refining capacity, according to the U.S. Energy Department.
“The storm is currently expected to hit the U.S. Gulf as a category 1 Hurricane, which is only a minimal threat for oil assets but on the current calculated path we expect that the U.S. Gulf will at least lose between 2 and 3 million barrels of oil production due to precautionary shutdowns, while crude imports will also be delayed,” Olivier Jakob, managing director of Zug, Switzerland-based research group, said today in an e- mailed report.
Oil is declining in New York after futures reached technical resistance yesterday along a downward-sloping trend line going back to March 1, according to data compiled by Bloomberg. This line, starting at the 2012 intraday high of $110.55 a barrel, is at $98.48 today. Sell orders tend to be clustered near chart-resistance levels.
Bailout Program
Samaras has used interviews this week with German and French newspapers to call for more time to meet targets under its bailout program as European officials look for ways to tame the debt crisis. Greece is dependent upon receiving outside funds to remain in the 17-nation euro area.
There won’t be anything tangible from the meetings before next month, said Michael Hewson, a London-based analyst at CMC Markets. “Merkel has already said that no decisions will be made before the troika report is delivered. Spain won’t ask for a bailout before the ECB meeting so we’re still waiting.”
Applications for U.S. unemployment benefits rose by 4,000 for a second week to reach 372,000 in the period ended Aug. 18, Labor Department figures showed yesterday in Washington. The Bloomberg Consumer Comfort Index decreased to minus 47.4 in the period ended Aug. 19, the sixth consecutive drop, from minus 44.4 in the prior period. The series of declines is the longest since 2008, when the U.S. was in recession.
China Oil Demand
China’s oil-demand growth will lag behind the average rate of the past five years as the country’s slowing economy reduces consumption of gasoil, or diesel, according to Deutsche Bank AG.
Demand in China, which uses more oil than any country apart from the U.S., will increase 3 percent this year and 4.5 percent in 2013, below the five-year average of about 7 percent, Soozhana Choi, the head of Asian commodities research based in Singapore, said in an e-mailed report today. Gasoil use, the biggest contributor to the nation’s oil-consumption mix, rose 1.3 percent in the first half of 2012, Deutsche Bank said.
“While demand will seasonally pick up in the second half, a dramatic recovery, especially in gasoil, is unlikely to materialize given the growth outlook,” she said.
New York crude may rise next week on speculation the Federal Reserve will boost stimulus and on concern Middle East tension will disrupt supplies, according to a Bloomberg News survey. Twenty-seven of 47 analysts, or 57 percent, forecast oil will increase through Aug. 31. Fifteen respondents, or 32 percent, predicted that futures will fall and five said there will be little change in prices.
To contact the reporter on this story: Sherry Su in London at lsu23@bloomberg.net
To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net
I have found an interesting alternative energy company with what I believe is a solid investment: GESI - Green Energy Solution Industries.
The company has a plan to build a plant to convert 200" tons of rail ties (feedstock) per day using gasification. GESI has formed an agreement with Canadian Pacific (CP) to obtain this feedstock at no cost. Also, the company just finalized an equity funding agreement for $45 million:
GESI Completes Escrow Milestone for Plant Funding by Private Escrow Capital Raise
"Green Energy Solution Industries, Inc. (PINKSHEETS: GESI) announced today the Company has received the formal irrevocable funding commitment from the lender of the financing for its renewable energy plant in Alberta, Canada."
http://ih.advfn.com/p.php?pid=nmona&article=53848124
I feel that this equity funding deal is an attractive detail for investors because it means that funding will not depend on dilution.
"Through the partnership with InREFCo, GESI announced that they have entered into an agreement for the source and source of funding of the plant which will be an equity percentage funding of the project. The funding will not in any way depend upon shares of the public company. MacKay stated that the terms of ownership would be heavily in favor of a majority ownership by GESI for the project."
http://ih.advfn.com/p.php?pid=nmona&article=53457782
Soon we will learn the amount of the first draw and timeline for the plant buildout. A conservative estimate for the amount of the first draw will be approx $10-$15 million. This could easily put a valuation for GESI in the $0.05-$0.10 range, based on the updated share structure.
Share Structure
Market Value1 $2,887,595 a/o Aug 17, 2012
Shares Outstanding 192,506,353 a/o Jun 30, 2012
Float 96,652,498 a/o Jun 30, 2012
Authorized Shares 490,000,000 a/o Mar 31, 2012
http://www.otcmarkets.com/stock/GESI/company-info
I'd imagine that there will be 3 to 4 draws in the $10-$15 million range to complete the plant construction. Once the plant is complete, the company will be fully operational and will begin earning revenue. With the completeion of the plant ($45 million) coupled with revenue, it's exciting to see the potential valuation of GESI.
GESI - Escrow deposit making GESI fundamentals solid !
GESI Completes Escrow Milestone for Plant Funding by Private Escrow Capital Raise
Last update: 8/10/2012 9:00:02 AM
VANCOUVER, British Columbia, Aug 10, 2012 (BUSINESS WIRE) -- Green Energy Solution Industries, Inc. (pinksheets:GESI) announced today that it has reached a milestone for its funding source for the capital investment of money for the state of the art renewable energy plant in Alberta Canada, by recently achieving the raise of escrow money required for the funding through a private raise from parties through investment from private parties.
Per the agreement with InREFCo for the funding, GESI made the raise of necessary capital for placement into escrow to further make the delivery of funds from the source for the $45 million plant in accord with the funding plan. GESI was able to raise the necessary escrow clearance funds through private placement of restricted shares to long term investors. The funds will be held in escrow under the capital investment agreement until delivery terms and delivery of the first funds occurs. Under the agreement with InREFCo, the full funding terms have been met for the guarantee terms and provision of funding as previously announced by GESI.
GESI expects that there will be announcement in the short term of funding and timeline for the plant build out utilizing waste rail ties.
SOURCE: Green Energy Solution Industries, Inc.
Green Energy Solution Industries, Inc.
David Zembeck, 615-426-2565
greenenergyinvestorrelations@gmail.com
www.gesienergy.com
Copyright Business Wire 2012
To DD all PRs http://ih.advfn.com/p.php?pid=news&symbol=GESI
Louisiana sinkhole roils local natural gas network
http://www.chicagotribune.com/business/sns-rt-us-chevron-natgasbre87716i-20120808,0,2527136.story
Jeanine Prezioso
Reuters
5:03 p.m. CDT, August 8, 2012
NEW YORK (Reuters) - A sinkhole the size of a football field in southern Louisiana has forced energy companies to halt nearby natural gas pipeline activity and draw down fuel from a local storage cavern.
Chevron Corp's subsidiary Bridgeline Holdings declared force majeure on new injections into its salt dome storage facility near the sinkhole and the town of Napoleonville, through the rest of the year, according to notice to customers posted on its website.
Customers were also asked to begin reducing their current storage inventory to 40 percent of each of their currently contracted amount, according to the Bridgeline filing.
Natural gas traders said Chevron's move to purge the gas could push an additional 4 billion to 5 billion cubic feet of gas on the market. U.S. September and October futures prices settled lower, while winter months settled higher on Wednesday, and traders said companies could be scrambling to sell supplies while locking in winter gas to meet heating demand.
"Chevron Pipeline Co has elected to take the step of drawing down the NS1 cavern as a precaution to ensure that we are doing everything possible to protect public safety and the environment," said Gareth Johnstone, a Chevron spokesman.
The sinkhole, which local media reported was 372-feet wide, was discovered near the cavern on Friday, and has consumed full-grown trees. Sinkholes occur when underground spaces or caverns become so large they can no longer support the land above them, causing a collapse.
There is no indication that gas is leaking from the facility, Johnstone said, adding there was no evidence that the integrity of the cavern was at risk.
Louisiana Commissioner of Conservation James Welsh issued a Declaration of Emergency on Friday due to the sinkhole, located in a region of wooded swamp in Bayou Corne. The Texas Brine Company, which has a plugged salt cavern within 100 yards of the sinkhole, was ordered to investigate the site.
"The objective is to determine if the cavern has a direct relationship to this event," said Mark Cartwright, president of subsidiary Texas Brine Company Saltville, LLC. "The obvious conclusion is of course it does, but we don't know yet."
"This is very puzzling."
Unexplained bubbles discovered in the region in recent months had been under investigation by state, local, and federal agencies.
Tremors were also reported in the area before the sinkhole appeared, state officials said, but the cause was still being investigated.
PIPELINES SHUT
Enterprise Product Partners, owner of the Arcadian Gas Pipeline System, said it was forced to shut two 20-inch gas pipelines near the area, according to a spokesman. The gas has been rerouted so the company has been able to continue deliveries to customers, he added.
A spokeswoman for Crosstex Energy said the company shut a portion of its 36-inch natural gas pipeline near the sinkhole taking about 150 million cubic feet a day of supply offline.
Customers have made other arrangements to source other supplies, the spokeswoman said.
Chevron has three natural gas salt dome storage caverns in the area with a total capacity to hold 12.7 billion cubic feet of gas, according to the company website. The storage sites connect with Acadian Gas Pipeline Company, Gulf South Pipeline Company, and Florida Gas Transmission. Maximum withdrawal was listed as 1.1 bcf per day.
"They are worried about the cavern integrity and the slurry breaching the salt dome that they have," said Genscape senior natural gas analyst Andy Krebs.
"If there was anybody that did have gas in storage looking to play to winter, they're going to have to pull it out now."
Napoleonville is located in Assumption Parish in southeastern Louisiana with a population of 660 as of 2010, according to City-Data.com.
(Additional reporting by Eileen Houlihan and Edward McAllister in New York; Editing by Leslie Gevirtz)
Copyright © 2012, Reuters
tone... thanks for inaugural post...
GESI Completes Escrow Milestone for Plant Funding by Private Escrow Capital Raise
Green Energy Solution Industries, Inc. (PINKSHEETS: GESI) announced today that it has reached a milestone for its funding source for the capital investment of money for the state of the art renewable energy plant in Alberta Canada, by recently achieving the raise of escrow money required for the funding through a private raise from parties through investment from private parties.
Per the agreement with InREFCo for the funding, GESI made the raise of necessary capital for placement into escrow to further make the delivery of funds from the source for the $45 million plant in accord with the funding plan. GESI was able to raise the necessary escrow clearance funds through private placement of restricted shares to long term investors. The funds will be held in escrow under the capital investment agreement until delivery terms and delivery of the first funds occurs. Under the agreement with InREFCo, the full funding terms have been met for the guarantee terms and provision of funding as previously announced by GESI.
GESI expects that there will be announcement in the short term of funding and timeline for the plant build out utilizing waste rail ties
The interview can be heard at www.stocktraderstalk.com.
About GESI Green Energy Solution Industries, Inc. is a project developer for renewable energy projects in Canada. Utilizing in-depth due diligence, GESI has developed business plans, contracts and agreements with resource providers, land owners, waste sources, technology providers, and government entities for the placement of renewable energy projects. GESI is now a public company with administrative offices in Houston, Texas and operations in Alberta, Canada. For More Information on GESI see the web site at www.gesienergy.com
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