American Eagle Energy Corp. (fka AMZGQ)

[Cheetah SPEED]

BK. Big surprise

[BONGO68]

Agreed

[nit2winit26]

I put in a Order for 0.01 Should hit that price target soon. Dont over pay for it..

[PAUL_MARKOWITZ]

Radioshack never hit 0.01... 0.089 was bottom...

[BONGO68]

If Radio Shack hit $.022 this should hit $.01 and thats target buy for mwahh

[Kush Trader]

I'll buy those too. ;) I'm MDNUpdates on twit btw

[Kush Trader]

Got .049s

[power_forward]

.05's are here, you get filled?

[PAUL_MARKOWITZ]

Waiting for it down there...

[Lone Wolf]

A rather unfortunate outcome. Too bad. Right when oil is staging it's recovery too.

[nit2winit26]

in my opinion yes. I had sold off nearly all my position last week only holding 3,000 shares of it now. and wont buy more nor will I sell what i have just keep them fas a small insurance policy in case it comes back due to some miracle..

[3-Stooges-Nyuk-Nyuk-Nyuk]

wow is this one finished?

[nit2winit26]

kush you should change it to 0.02 or 0.03 it will go that low here next day or so

[Kush Trader]

I have an open order for .05s fingers crossed.

[Renee]

AMZG delisted from AMEX to the OTC. New ticker AMZGQ, bankruptcy:

http://otce.finra.org/DLAdditions

[3-Stooges-Nyuk-Nyuk-Nyuk]

good luck

[LouisDesyjr]

Filing shows on Pacer

The filing is now showing on pacer. So far only the initial petition, along with a few other documents, are showing. (statement of ownership, emergency motion to continue utility service, motion to use cash collateral, list of 20 largest unsecured creditors, etc.) The full schedule list (A through J?) have not been filed yet. I think they have 21 days to file the rest of the petition, unless they get an extension.

Louis J. Desy Jr.

[nit2winit26]

they might not lift the halt till 10 min before close

[Kush Trader]

I'll be hunting bottom after halt is lifted. Asset to liability ratio is concerning but the charts after oil bankruptcy bounce are 100%+ for every ticker in this peer group.

[3-Stooges-Nyuk-Nyuk-Nyuk]

WOW WHAT A PLUNGE

[Timothy Smith]

Not much left after debts.. ouch

American Eagle Energy (NYSEMKT:AMZG) -42.8% premarket after filing for chapter 11 bankruptcy protection after missing an interest payment to bondholders.

AMZG listed assets of $221.8M and debts of $215.2M in the chapter 11 petition in U.S. Bankruptcy Court in Denver.

[ad_man]

Too bad. Got out before the halt.

[cintrix]

and it is halted now too

[yaboy520]

you are correct, I thought because this was so cheap it was trading on the OTC, my bad

[cintrix]

It's called pre market trading.

[yaboy520]

I just love how someone is dumping and the market isn't even open yet

[Shaka_Zulu]

Opening bell sell off.. On to the next one

[davidsson10]

http://seekingalpha.com/article/3167436-american-eagle-energy-files-for-bankruptcy-protection

[ad_man]

The weekly chart looks good. Still hoping for a pinch here to .37

The stock saw the most volume last week. Not a fan of the shooting star candlestick but there is still upside I think. Let's see what the market will give us.

Fundamentally, the stock is shit. But the technicals look good for a nice move here.

[Kush Trader]

Yeah I saw that and couldn't find more as of yet. Shhhh ;) I will be watching for best exit and re-entry points on Monday. Lots of money to be made if timed right. I believed a lot of these companies will survive because OIL but how much is made can definitely vary dramatically based on investor timing. Chart indicates people could've doubled their money buying the Dune low and selling the next day high when their BK news broke.

[LouisDesyjr]

Dip in pps on 05/08/2015

What I can't understand, if AMZG did file for chapter 11, is how other people found out about it. Even though I did get a notify from google alerts for AMZG after the market closed (I assume the filing was not entered until after 4pm eastern time and the close of the market for the day), by a company that does monitor bankruptcy filings, I can't find anything through any other sources, like AP, SEC filings or Pacer. I think it is not showing up in other places because the filing has not been indexed yet and is not available online.

The link I listed in my earlier posting lists the filing being available for download for $11.

The other reason, (as if a Chap 11 filing is not bad enough) was the release of the 10Q for Q1 of 2015. It was a disaster. The company lost $50 million (including a write down of $40 million on its PV10) and shareholder equity is negative by $3 million. They have $40 million in payables and only about $30 million in current assets, leaving them $10 million short to pay their vendors. AMZG can't sell land or oil rights to cover it since they now do not have enough to cover their loans/bonds/lines of credit.

Louis J. Desy Jr.

[Kush Trader]

That explains the dip in PPS. Take a look at the chart for DUNRP on 3/9 if you want to know what Monday will look like.

[LouisDesyjr]

Chapter 11 filing?

There is a story that I just ran across that claims AMZG filed Chapter 11. I am looking to confirm if it is true, and if it is, more details.

http://www.chapter11blog.com/chapter11/2015/05/american-eagle-energy-corporation-files-chapter-11.html

Louis J. Desy Jr.

[freshy]

AMZG looking aggressive this am.

[Shaka_Zulu]

The stock is flagging nicely, consolidating for the next leg. Let's see a weekly close at the highs, and one more again next week, please.

Boom

[Already made it]

What happened over here

[ad_man]

Yes. But it needs to bounce here and now to show strength. Looking great nonetheless.

[Uglytuco]

Testing and holding the support level nicely

[Shaka_Zulu]

Nice tight compression

[ad_man]

In at .25 with a target of .37 then .47 if there is relative strength. We'll see what the market gives us.

[freshy]

NICE, HUH?? KA~BOOOMAGE ARRIVING THIS WEEK!!

[Uglytuco]

This one was oversold - hit much harder than oil in general. Eliminating the CFO was a timely cost cutting announcement. It should get back to 40+ cents easily.

[Kush Trader]

It closed 8.33% up.

[LittleGiant88]

What happened to this one?

[Kush Trader]

I'm in but have powder to Ave down if BK occurs.

[freshy]

Great Close! We'll take it!

[nit2winit26]

0.13

[freshy]

breakout forming here~

[nit2winit26]

waiting till 5/15 then ill load up when it is in the area of a nickel or so

[freshy]

OKAY!!!! GAME ON TO DOLLA!!