News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Shell status - Cohen is submitting final round of cleared comments to the securities attorney today. That should be enough to get the securities attorney to issue the final opinion letter and supplemental filing.
News: really attractive merger on the E&P / later life production wells being papered up right now - the 2 are mostly working on the projected CAPEX plan at this point - both groups are moving quickly, more info to come once the deals is finalized (Cohens playing it conservative until anything is finalized to avoid hype criticisms he's received from shareholders in the past).
Another Positive Update - for this prospective merger, the group has found a way to avoid the issuance of a convertible note in exchange for Cohen and Watson to fund the CAPEX to start out of another private company that he owns with the capital already liquid and ready to invest into reworks - workovers on old wells. This is a game of scale - high well counts with attractive production histories, cheap / to no out of pocket capital to acquire, and ability in house together with Josh Watson and his resources to workover these wells for a fraction of the cost a services company would perform the work for.
Must be their turn to be the ax man.
With the past dip in the S&P and the Dow, those other guys find greener pastures raping the long term sheep that buy and forget about it type of investors.
Only these bored MMs want to screw around with the OTC drama. Too many investors eyeballs in here every hour. And you get less insiders manipulating 1/3 of the float on the big boards.
Anyone tell you MMs don't take turns don't know shit about this game.
CDEL looks to have disengaged. Where is his big block of shares?
Usually, dilution shows block after block with a MM like that. They constantly are fed another block.
This could look good real fast with the right news.
Okay…nibble nibble 🤑
.09 is even better…chomp chomp.
🦅🇺🇸😎
Great update!!!!
I mean what idiot drops the Ask from .13 to .095 just to exit?
What a gift. And can you do it again tomorrow?
I was driving back from the Gulf of America
AZRH this is what we have all been saying. patience will be rewarded here, in til Nasdaq atleast
Cohen posted that on Saturday. Don't want to get too excited just but he got 18 packages in between Saturday - Monday (yesterday).
One in particular that comes with over 400 wells and 19,000 mineral acres in the Permian Basin and in South Texas.
This is in addition to the 88 Permin Basin Wells he and Watson already own in Big Spring.
The 2 + their prospective new partner are drawing out what this will look like over the next 2 weeks.
This is online with the strategy and direction that Cohen has articulated from the beginning:
(1) Enter Oil Field Service (Freedom Acquisition)(2) Optimize Revenue by shifting focus away from High Revenue at low / Break even margin towards lower revenue but higher margin Rental Revenue at cut throat pricing first through his Rental Company partner and second together with his Rental Company partner direct to operator(3) re-enter back into E&P (exploration and production) under the same strategy as his mentor Mike Shaver at Mountain V through later life production wells / reworks at scale (high we'll count, target 1/2 to 5 barrels a day per well).(4) Drill new vertical wells at shallow depths across the Permian where he already has infrastructure in place (flow lines, electric, tank batteries, and space to drill with strong supporting Offset date like he has on the Big Spring wells - his immediate neighbor next door is Apache, the wells were originally drilled by Marathon Oil at 3,000 foot depths, he has over 35 new wells drill locations and is following the exact same strategy is Forst Reserve did when they took over the acreage in 1997 before selling it to Pangea and later Big D (note - Cohen has never spoken poorly about any of the operators before him - he has an incredible amount of respect for every operator that has come before him - when he states operator neglect it is not in a way to undermine the prior operator(s), and is purely a difference in strategy (the past operators starting in 2000 did not remediate anything below ground, did not evaluate or replace tubing or casing below ground, and their records show that they focused primarily on above ground infrastructure like flow lines).
What helps ensure success is Cohen and Watson's background and relationships across Oil Field Services - to the average Oil and Gas operator - it costs at least $25-50k to workover an old well and get it to produce 1-5 barrels of oil a day or 50-200 MCFE of gas a day.
Cohen and Watson know how to do the remediation work themselves. They also have a large network of service field workers / hands that they have worked with for years. They have direct to supplier relationships and established trade lines / credit with equipment and materials (casing, tubing) vendors. And they have money and capital to pursue these types of ventures under $AZRH.
More information will be coming as these new partnerships and strategies develop fully over the coming weeks.
That's the CEO's job.
X and insta is quiet.
Maybe the quiet before the storm?
L2 looks a lot better today than the last few days thats for sure. Almost 100k bought at .1038 and NITE bidding 100k as well.
we all buy for the same reason so does it really matter who is buying or are we just glad to see more of it AZRH rocket fueling
|
Followers
|
99
|
Posters
|
|
|
Posts (Today)
|
9
|
Posts (Total)
|
6141
|
|
Created
|
08/28/24
|
Type
|
Free
|
| Moderators gumzsa fink threewheeler | |||
AI
