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true, very tediuos going through those fi's
CNFU gets permission to refine petroleum products in brownsville
We should have gone up...How much profit do they want to make...Just don't understand it....IMO
All in All HTOG/UPDV/CNFU are all being misread due to combining financials...They have to be disected carefully..IMO
Amature traders are going to miss some key things if they don't look close...IMO
UPDV still doesn't have their filing out yet..I believe they have till Midnight tonight..
German ticker for CNFU
any thoughts on the recent filing?
CIQN.SG
So on yahoo continental now has a ticker of CIQN, are we being switched again?
okay, I was looking at the May filing, they just did a reverse split that's how they got it to 10M.
As of June 24, 2008, there were 10,468,850 shares of common stock issued and outstanding.
http://www.sec.gov/Archives/edgar/data/859365/000129707708000083/cnfu_form1012gsec2.htm
Try over 100M OS
this low trading volume is fantastic.
it seems as there are not really much free trading shares.
i´m curious what will happen when cnfu files for 10-q with revenue of approximately $38 million and in my opinion a net-profit of around $1 million. cnfu will rocket on only 11 mio outstanding.
CNFU board needs to be updated. Really looks pathetic.
THE SKY IS THE LIMIT Photo: Sky over Grand Canyon, AZ................................1Thessalonians 4:16-17
thats all official news
http://www.sec.gov/Archives/edgar/data/859365/000129707708000083/cnfu_form1012gsec2.htm
During the first quarter of 2008, revenue from Geer increased from $13.0 million in the fourth quarter of 2007 to approximately $14.5 million, and in the second quarter of 2008, Geer’s revenue grew to over $32.6 million.
http://www.sec.gov/Archives/edgar/data/859365/000129707708000021/cful8k_a-geer.htm
Revenue 2007 $42,205,024
Net-Prof 2007 $460,515
Acquisition of the Capital Stock of Geer Tank Trucks, Inc.
On December 19, 2007, Continental Fuels, Inc. (the "Company" or "Continental") completed its previously
announced acquisition of Geer Tank Trucks, Inc. ("Geer"), a privately held Texas corporation, pursuant to the terms
and conditions of the Stock Purchase Agreement, dated as of December 11, 2007 (the "SPA"), whereby Continental
purchased one hundred percent (100%) of the outstanding capital stock of Geer, for an aggregate purchase price of
$5,500,000. The purchase price was paid by Continental in cash. Continental financed the acquisition with the
proceeds of a Term Loan from Sheridan.
http://continentalfuels.net/stories.htm
With the direction and assistance of the management of Continental, Geer has commenced an aggressive plan of expansion and modernization that, in its first week, has yielded new contracts that will double its previous monthly volume of oil transported adding $36 million in annual revenue at current oil prices. In addition, Geer has successfully negotiated new contracts with its purchasers that will result in an immediate increase in its margin.
thanks for the info.
just read the 8-k/amendment for geer acquisition and have to say it is really ridiculous. geer did a net-prof of $460.000 on $42 million annual revenues in 2007.
cnfu paid $5,5 million for them.
now they have quaterly revenues of $32,6 million on higher margins and whole cnfu is valued at $1,65 million.
thats what i call ridiculous
q2 filing can come in every day from now.
i think we see a big run from here.
Well Just spoke with Jack...He's seems very upbeat...
As far as the HTOG well tie-ins..Progress has picked up somewhat and he would expect to be able to put out something soon on this...I agitated him awhile, but it sounds like within the next week or two...He says He's also glad to see the stocks make there start of a turnabout and was hoping we could maintain this..He indicated, to me, anyway that it appeared we were finally getting out of the woods..
As far as the Barron field project goes, there are issues with an injection well..Some progress has been made with this, but he did not want to elaborate..
CNFU, Jack stated that if you were an old owner of CNFU with stock and wanted to sell, as of Aug. 1st you could...He said that you would need to obtain an opinion letter from your broker and either he/she could contact UPDV for the sale...
Jacks # is 561-630-2977 for any further questions...
That's all for now folks...
we can go to $5 with a little surprise in quaterly due next week.
in my opinion cnfu is worth a minimum of $80 million, this would mean $7 per share on 11 million outstanding shares.
i hope we will see big investors soon.
float of cnfu is so small, that we will see big gains as soon as some buyers are willing to fight the ask.
Hey, I'm interested. Just invested in UPDV right now and not enough money for CNFU too. I just got off the phone with Jack Baker asking him why CNFU can make a large upswing in price on low volume whereas UPDV and HTOG moves very little on high volume. He basically said CNFU moves on low volume when big investors step in. HTOG and UPDV is moving a lot right now due to daytraders.
We'll just have to have patience and see what the UPDV earnings release has to say which is supposed to come out on the 14th.
i can´t belive it, cnfu is a company with annual revenue of $150 million and a net-profit level and nobody is interessted anymore.
mc is only 1% of revenue
Granting of Waiver of Sheridan Loan Covenant
As of March 31, 2008, the Company was not in compliance with its Sheridan loan covenant that required the Company to have a minimum EBITDA
of $500,000. On May 19, 2008 Sheridan agreed to grant a waiver for this covenant for the first quarter of 2008 based upon the Company’s
assurances that the minimum EBITDA will be achieved during the second quarter of 2008.
is there nobody left???
hey, cnfu generates approximately $36-38 million revenue in q2 and is on the way to expand this. q2 will have a minimum ebita of $500.000 to be in compliance with sheridans loan agreement.
with this numbers cnfu should be valued at $2 per share.
outstanding are still around 11 million shares.
as long as "dolly" stays in cat 1 there should be no problem for cnfu. there should only be a short interrupiton of deliveries.
Great CNFU already sucks, now a hurricane is headed to Brownsville. Any guesses on impact?
Petroleum products storage, resale and transportation segment
The Company's petroleum products storage, resale and transportation operations are carried out by Continental Fuels. In our initial UPDV report earlier this year, we projected proforma 2008 revenues approaching $120 million, mainly due to the Geer Tank Trucks acquisition which was expected to add $50 million to annual revenues. However, first quarter 2008 results fell below our expectations; Continental Fuels reported $15 million in revenues. As a result, we are adjusting our full-year 2008 revenue forecast for this segment down to $70 million.
We multiply our $70 million 2008 revenue estimate by the petroleum transportation peer group average 1.0 time Price/Sales multiple to derive a $70 million value target for this UPDV segment.
this is out of the last beacon-report and they value cnfu with $70 million comming from annual revenues of $70 million and a peer group average 1.0 time price/sales multiple.
in q2 cnfu generates approximately $38 mio, this would mean $152 million in annual revenue and a value of $152 million at peer group multiple.
geer did $32.6 mio in q2
uspd does currently not ship condensate, but now diesel and other petroleum products.
US Petroleum continues to negotiate the terms of a new supply agreement for the resumption of shipments of light crude condensate but alternative products are now being received and shipped through the Brownsville facility.
In April 2008, the above described repair work was completed and the Brownsville facility re-started operations. US Petroleum is currently receiving, storing and shipping diesel fuel and other petroleum products through the Brownsville facility. In April, May and June 2008, US Petroleum received and shipped 27,000, 649,000 and 652,000 gallons of diesel fuel, respectively, through the Brownsville facility.
During the first quarter of 2008, revenue from Geer increased from $13.0 million in the fourth quarter of 2007 to approximately $14.5 million, and in the second quarter of 2008, Geer’s revenue grew to over $32.6 million.
http://www.sec.gov/Archives/edgar/data/859365/000129707708000083/cnfu_form1012gsec2.htm
great news for pps.
ps holden from upda also go through r/s.
current os are at approximately 10 million, fully diluted would be 58 million shares.
now we can run to $1 and more
http://www.sec.gov/Archives/edgar/data/859365/000129707708000080/cnfu-sched13d_071508.htm
also there is a buy confirmed ;)
http://www.americanbulls.com/StockPage.asp?CompanyTicker=CNFU&MarketTicker=OTC&Typ=S
with just a little buying pressure cnfu pps will explode
they buy with a dicount and sell on open market prices
does anyone know if they sell condensate at market price or is it sold at a previously negotiated discount? This would make a big difference in the bottom line.
Thank you. That was a concise analysis of the profitability and potential of this company within the current market conditions. I believe the company knows this as well, which is why they have begun employee stock purchase plans.
I am enthusiastic that this will continue to rise steadily.
cnfu has three subs, geer and us-petroleum-depot(uspd) and continental-trading-enterprize.
two of these subs are currently operational.
geer is 100% owned by cnfu.
uspd is 100% owned by cnfu.
in q1/08 cnfu made revenues of $14,6 mio and a loss of $1,2 mio.
all revenues in q1 came from geer, caused in interruption of business in brownsville. before this uspd was operating with revenues of $11,7 mio and a net profit of $713.000.
since april brownsville has restart the condensate trading.
geer made $8,8 mio revenue in april, this is equal to 80,000 bbl with a oil price at $110. now we have $140 per bbl and this would mean revenue of $11,2 mio per month from geer.
if brownsville is making same quantities then before the condensate revenue will be at $5,6 mio per month.
all together would be a current monthly revenue of $16,8 mio for cnfu. in q3/07 uspd was operating on a gross profit margin of 13% and geer in q1/08 at 8%.
g&a costs are at around $2 mio per quater.
let´s make a profit and loss statement:
geer = 11,2 * 3 = $33,6 mio revenue per quater
33,6 * 8% = $2,69 mio gross profit per quater
uspd = 5,6 * 3 = $16,8 mio revenue per quater
16,8 * 13% = $2,18 mio gross profit per quater
this means that cnfu "should" generate currently $50,4 mio in quaterly revenues and a gross profit of $4,87 mio.
after g&a rising to maybe $2,87 mio there would be a net-profit of $2 mio per quater or $8 in annual net profit.
with a PE of 10 this would mean a value for cnfu of $80 mio.
all numbers are taken out of former filings and in my opinion we can take them with this margins.
Jan/08 New contracts valued at $36,000,000, Revenues expected to triple.....
http://continentalfuels.net/stories.htm
98 % owned by a group.
I think they should trade the shares by themselves! haha
Stock is ready to break!!!
Slowly moving North1! Penny at a time.
I would love to also. I think im in at a higher price.
yeah, I hope it gets to the point where I can break even or profit though, that would be about 40 cents after the stock split. I don't know if that's possible, we'll just have to wait and see.
Who knows...must be news coming or something
What is going on with CNFU today? It has a huge spike, well anything is a huge spike for CNFU.
Im holding this bag also...not worth selling for me
This stock may be in the toilet, but if you look at their financials they are very close to turning the corner. With so few shares in the float it has potential to go up sharply. It's worth holding . It should pay off. IMO
anyone else still sitting in the toilet here with me? lol
I agree, this should not result in our stock continuing to tank, but I guess filings don't count anymore, it's all about random BS lol.
That CFUL's a rock. What a strong stock! Pretty nice performance considering oil has moved higher
14,000,000 in revenues aint too shabby.eom
Here's the Report http://www.pinksheets.com/edgar/GetFilingHtml?FilingID=5950218
Looks pretty good to me. Let's see if any one is paying attention.
if brownsville makes a little less, then geer should compensate this. for q1 i think we see cnfu revenue(with no revenue from brownsville) at around $12-13 mio. in q2 we should already be at $25-30 mio.
i also hope that we will get new informations with the filing
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Continental Fuels, Inc. 9901 IH 10 West Suite 800 San Antonio, TX 78230 http://www.continentalfuels.com Phone: 713-821-1620 Fax: 713-821-1623 E-mail: info@continentalfuels.comCFUL Fib Analysis Fibonacci analysis evaluates the short term (30 days) intermediate term (60 days) and long term trends (120 days) and retracements. Stocks that retrace 38.2% or less of a trend will usually continue the trend. Retracements exceeding 61.8% indicate a reversal. Alerts will include ABC's up/down (multiple 38% retracements) and various reversal signals. CFUL
Time Fram Trend 38.2% 50% 61.8% Long 4.01 to 0.75 0.94 (5.83%) . . Intermediate 3.19 to 0.75 0.94 (7.79%) . . Short 0.94 to 0.27 . 0.62 (52.24%) .
Estimated Market Cap 30,961,938.82 as of Nov 8, 2007
Outstanding Shares 49,938,611 as of Apr 23, 2007NEWS Continental Fuels Reports Third Quarter Revenue Increase of 65,238% and Gross Profit Exceeding $1.52 Million SAN ANTONIO, Texas, Nov 12, 2007 (BUSINESS WIRE) -- In its quarterly report filed with the SEC last week, Continental Fuels, Inc. (CFUL) (FWB:CNDI) (GER:CNDI) (BCN:CNDI) demonstrated the successful implementation of its business plan and achieved an operational profit in only the second quarter since its acquisition by Universal Property Development and Acquisition Corporation (UPDA) (FWB:UP1). Financial Highlights for the three Months Ended September 30, 2007 Total Revenues Increased to over $11.65 million from $17,868, an increase of 65,238% Gross Profit Increased to more than $1.52 million from $10,180, an increase of 14,975% Income from Operations was $713,615 from a previous loss of $(760,767) For the three months ended September 30, 2007, total revenue was $11,656,792 with a cost of goods sold of $10,132,303 and Gross Profit of $1,524,489. Comparatively, for the three months ended September 30, 2006, total revenues were only $17,868 and cost of goods sold was $7,688. Gross Profit for the previous period was $10,180. Continental was able to achieve these revenues and gross profits while increasing operating expenses only 5% to $810,874 from total operating expenses for September 30, 2006 of $770,947. As a result, for the three months September 30, 2007, the Company experienced positive net income of $713,615 compared to the loss reported for the three months ended September 30, 2006 of ($760,767), The Company also increased its Total Assets to $4,728,870 on September 30, 2007 compared to $62,168 for the same period in 2006. The quarterly filing demonstrates that these dramatic increases in revenue originated during the second quarter of this year after Continental was acquired by UPDA in a transaction that resulted in a change of management and the initiation of light crude condensate sales from Continental's storage facilities at the International Port of Brownsville, Texas. Under the direction of CEO Tim Brink, Continental has negotiated sales contracts with guaranteed margins and established consistent and expanding sources of international light crude condensate. In order to continue this revenue growth, Continental also undertook an ambitious expansion project at its port facilities during the Third Quarter, purchasing additional storage tanks and installing a railroad spur to increase storage capacity and delivery options. "Our Third quarter results were in line with our expectations based on our current schedule of product deliveries," stated Continental CEO Tim Brink. "We will continue to pursue opportunities consistent with our business plan and generate further expansion both generically and through further acquisitions." For further information, please visit . Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions. SOURCE: Continental Fuels, Inc. Posting Rules for the CFUL board! All posters will be subject to the IHub TOU agreement. Any messages that violate the User Agreement or detracts from the civility of the board will be removed.
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