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But what do we have to understand with this new recent communication & the recent improvment of cougf price, wich will necessary be reflected in KDKN valuation?
Hope you're right. I paid a nasty price with this same crew with KDKN. Sure looks like a copy cat here.
I started this board in Oct when I found it was under valued based on the hype, what the company reports and board tells us as 'investors'... loosely worded.. It was a great call.
However, I only follow the technicals and potential of a stock.
Based on this, it 'looks' like it could bounce again.
RSI nearing 50, ADX close to crossing, above 10 day, and closing in on 50 day. Who knows, but could be worth watching.
http://stockcharts.com/h-sc/ui?s=COUGF&p=D&yr=0&mn=0&dy=20&id=p65547032873
Boundas,
I edited my long post several times so if you read it more than 5 minutes ago I have added some more thoughts.
Not sure holding on is a great strategy. I guess if you wait long enough the pump will sucker in new and less experienced people looking for easy money (like I was) and the pps will head back up. But no guarantee on that as many of these waste away to virtually nothing and basically dry up. The pumpers will use a story as long as it works and weave beleiveable twists into their tale. Eventually they start afresh and do it again and again and again.
Can others chime in and help Boundas out? I think he would appreciate more opinions than just mine.
Boundas,
I personally got burned big time with KDKN, Tighe, SISM and Schlotter over 2 years ago. It just seems to me that the same pattern of flowery projections (all alibied as forward looking) is repeating itself all over again. COUGF, KDKN, SISM, Tighe, Schlotter and, apparently TAMO, are birds of the same feather in my view.
I was in your shoes. I finally had to suck it up and take my losses ... and learned from my mistakes.
If you play the game that Tighe, SISM and Schlotter are selling you must be nimble and recognize the pump. I am sure there are penny traders and shorters out there who make good money on such pumps by getting in early, taking a modest profit and moving on. But most get greedy (I know I did with early gains in KDKN over 2 years ago) and figure there is more easy money ahead. I learned the hard way it was simple promotion and no substance. The guys that make money on such pumps are generally the insiders who have millions of shares that are awarded to them at virtually no cost or the PR firms that buy in way early before the pump.
Not saying there aren't some real wizards out there who can beat the pumpers at their own game because there are. I am not one of those, however.
Most pennies are not good long term investment. COUGF and KDKN are certainly not good long term investments. These guys are slick and convince you this is the way to millions. Methinks not. Sure there is the occasional Microsoft at 10 cents a share but those are few and far between and I for one am not smart enough to find one of those.
I share your pain. I hope you will recover some of your investments but I am not optimistic. I would be pleased to be wrong in my assessment but I don't think I am.
Good luck.
Surf ... you are spot on. See my posts of a few minutes ago.
COUGF is a crap shoot, not an investment. Some will make money by fortunate or lucky timing ... those who got in at 5 bucks a share are sure to be hosed.
This is a penny (wolf) in sheep's clothing.
I don't know what i have to think, because i invest a great amount at .70$ on KdKN + Tamo at 0.9.
In fact Cougf, Tamo & KDKN are managed by Mr. William Tighe.
I follow Cougf only to see if Tamo & KDKN will survive.
You right, initially i based my decsion on SISM analysis, i don't know if i am right or wrong.
Few weeks ago, i sent an email to KDKN asking some details on its strategy regarding KDKN & Cougf the answer wasn't convincing.
I sent another email for Tamo i never received any respons.
Regarding the level of my investment i must wait & see.
Now I get it. Seems that COUGF is son of KDKN.
Downloaded below from SISM website.
+++++++++++++++++++=
Industry: Oil & Gas Exploration & Production
Kodiak Energy Inc. US$0.105
KODIAK INVESTORS GET 61% OWNERSHIP IN COUGAR OIL & GAS
Owner of Kodiak Energy shares have an automatic ownership in Cougar Oil & Gas, Canada Inc. a publicly traded entity. Kodiak owns the majority in Cougar Oil & Gas if an investor owns or buys Kodiak shares he automatically gets a 61.56% ownership in Cougar Oil & Gas, as Kodiak holds 38,076,972 shares of Cougar, a producing E&P company with focused activities in the core areas of Central Alberta and the Horn River Basin in British Columbia.
Currently Cougar Oil and Gas produces in excess of 300 barrel of oil per day with a net back of more than $50 per barrel based on current economics. Besides its ownership in Cougar, Kodiak Energy will focus its activities mainly on its “Little Chicago” prospect in the central Mackenzie River Valley in the Northwest Territories and its CO² “Sofia” prospect located in New Mexico. Current commodity prices are unstable and uncertain and exploration expenditure at this time in N.W.T. and New Mexico is very risky, so Kodiak decided to put both projects on hold until commodity prices stabilizes on higher levels. Kodiak owns high quality 2D seismic on approx. 81 miles over the project in N.W.T and spent more than $16 million on land costs as well as $11 million on land costs on its Sofia prospect in New Mexico.
Now we do the math: According to Q2 financials from Kodiak Energy, dated July 30, 2010 and disclosed August 13, 2010, the total shareholder equity is $ 20,601,994 or $0.19 per
share based on 110,407,186 common shares issued and outstanding. The closing price of Cougar on Tuesday, October 27 was $1.65, giving KDKN's shareholding in Cougar value of
$62.8 million. The value of KDKN's shareholding in Cougar plus its own net book value of $20.6 million is $83.4 million ($0.76/share) as compared to a market cap of $11.6 million or
($0.1050/share).
++++++++++++++++++++++++++++
Tread carefully with this one. Make sure you DD includes KDKN.
Several years ago I fell hook, line and sinker on KDKN. The pumping research company was SISM and Schlotter was the wonder analyst. Have no idea what value being named a 4 star analyst by Starmine has to do with anything. Stock was surely going places like $200 a share or some such dream... and it has gone places ... straight in the crapper! KDKN was in the 2-3 dollar range back in 2007 and 2008. It collapsed shortly after the last set of pumps in 2008 to 20 cents or so where it remains. Don't assume this is not a pump just because share value is greater than pennies.
I put SISM and Schlotter in the same bucket as Terry Fields (CEO of everything) and Joe Noel (smiling at you on the glossy PR releases). If you want to play their game and beat them at it, good for you. But most of their PRs have been fantasy land IMO.
Admittedly, haven't done any DD on COUGF. I am also unable to link to Schlotter's report but my sensing is from the snippets in the earlier post that it smacks of KDKN all over again. He certainly tells a good tale.
Be careful.
Cougar Oil and Gas Canada Inc. Announces Operations Update, and Farm in on Heavy Oil ProjectFont size: A | A | A2:06 AM ET 2/14/11 | Marketwire
Cougar Oil and Gas Canada Inc. ("Cougar" or the "Corporation") (OTCBB: COUGF) is pleased to announce (1) the 23.8Km2 high resolution 3D seismic program was successfully completed on budget and field work ahead of schedule. (2) In addition all regulatory permits have been approved for the previously announced multi-well drilling program. (3) A two section heavy oil farm-in has been signed. (4) Financing for Seismic and Drilling completed.
(1) The data recording portion of the program was recently completed and all equipment has been demobilized from the project area. The Corporation's geophysicist was at the project site in early February and confirmed the data being recorded is very good to excellent quality. The first drafts of the processed seismic data are expected within 4 to 6 weeks. This seismic data will provide the Corporation with the detailed geophysical information needed to support the geological selection of the horizontal and vertical drilling programs which will be executed over the next 18 to 24 months. After the seismic processing is completed the data will be used with our baseline geological information to verify and select fifteen to twenty horizontal and vertical drilling locations. Cougar will high grade the top four to five locations and begin licencing them immediately in anticipation of a summer drilling program.
(2) The previously announced multi-well drilling program has received all regulatory permits including the ERCB drilling licences. Field operations including well lease and access construction has started and all construction is expected to be completed this week. Cougar is currently involved in extensive negotiations with several drilling rig contractors regarding drilling rig selection and timing. Spud date information will be provided when available. There will be two wells drilled including a horizontal Keg River oil well and a directional well which will evaluate Keg River and Granite Wash prospects.
(3) Cougar has also finished negotiations on a two section heavy oil farm-in with a private company in the Manning area of north western Alberta. The farm-in includes a commitment for Cougar to drill one well to a minimum contract depth of 500m by the end of Q3, 2011 in order to earn a 100% working interest. Upon successful completion of the farm-in the private company retains a 3% royalty interest on the two sections. Cougar has completed the initial review of this farm-in acreage and selected two possible drilling locations for the commitment well.
(4) The 23.8Km2 high resolution 1.1 million dollar 3D seismic program was financed by the exercise of warrants by some the original investors in Cougar Energy, Inc. The 3.5 million multi-well drilling programs have been financed with two convertible notes. The first note of $900,000 Cdn from Kodiak Energy, Inc. The 18 month term unsecured note with an interest rate of prime plus 3%, and no early payment penalties is convertible by Kodiak at the higher share price of $3.00 or the 5 day volume weighted average at day of funding which was February 1, 2011. Kodiak also earns a 1% Gross Override Royalty on the production from the two wells drilled with these funds. The second unsecured convertible note of up to 5 million Cdn is for an 18 month term with prime plus 3% and no early payment penalties from Zentrum Energie Trust SA. The note is convertible at $3.00 USD. The conversion also comes with a warrant at 130% of signing price if converted and a forced conversion if the share price trades at 200% above signing for 20 days. Additional details are available in our filings.
Mr. William Tighe, CEO and Chairman of the Board for Cougar stated, 'It is great news that the seismic program was completely finished on schedule and on budget. The work crews from the local communities and all other areas did exceptional work for us in tumultuous weather conditions. Throughout the program we had temperature variations of over 40 degrees Celsius, challenging ice rain storms and blizzards which kept the slashers busy keeping the seismic lines clear for the recording crew. The project was completed in a very safe and organized manner and we would like to thank all the crews that worked for us this winter. The multi-well drilling program continues to move forward and we were very pleased to receive our drilling licences. The field construction activities have been proceeding very quickly and the leases will be ready for a drilling rig by the end of this week. The heavy oil farm-in marks the beginning of a new secondary project area for Cougar. The commitment is not onerous to the Corporation and the potential benefit is tremendous. The target resource has been mapped out through the extensive well information available in the area. With the strengthening of oil commodity prices we felt this was a very positive project to start working on and we believe will lead to other opportunities in that area.
The anticipated success of the seismic, drilling and production projects will allow Cougar to continue towards the previously stated corporate production objective of 2000 bbl/d.
For those interested in the seismic and drilling projects we have added and will continue to add pictures to the web site"
About Cougar Oil and Gas Canada Inc.:
Cougar Oil and Gas Canada Inc. (COUGF: BB) is based in Calgary, Alberta, Canada and a publicly traded oil and gas exploration and production company. The focus is on the exploration and development of Canadian based onshore oil and gas properties. The current projects are the Trout light oil production area in north central Alberta, Lucy in the Horn River Basin in northeast British Columbia and First Nation Joint Venture and area projects located in north central Alberta.
Cougar's strategy is to increase shareholder value building on the existing infrastructure and production as the foundation and a large contiguous land base with multiple opportunities to grow through the drill bit with targets supported by 2D and 3D seismic and excellent well control.
I think this update has been provided by Ernest C. Schlotter, a senior analyst with Zurich, Switzerland-based SISM Research and a four star analyst according to StarMine after the Cougar update :
CALGARY, ALBERTA--(Marketwire - Feb. 3, 2011) - Cougar Oil and Gas Canada Inc. ("Cougar" or the "Corporation") (OTCBB: COUGF) is pleased to provide an update to the financing of the previously announced Q1, 2011 Trout core area multi-well drilling program and 3D seismic program.
...
I looked for negativ opinion on Ernest C. Schlotter, but i didn't find a such opinion. If you find any information on this analyst i am interested or on Cougar or KdKN.
Its a bogus report-read the disclaimer. It is a purely speculative report. The company has not begun drilling, no seismic data as they are still getting ready to do the seismic work, and the disclaimer says it all. In a nutshell it states we have no idea as to the real financial state of the company and have not vetted any information provided to them on the company but you will realise a few points. The European analysts have until July 2011 to pump this stock before the company has to report their next financial report at which time there is still likely not to be any firm drill results. They are participating in the pump of this company that is all. They are pulling in investors but that is all. Ray Charles or Stevie Wonder could issue a report like this and be just as accurate. Careful, they are after your money.
COUGF Short Interest 98,848 (-60.87%) Jan 31, 2011
Do you know how to short OTC stock?
No I don't short personally...
But I heard hedge funds do, and you need that kind of money to cover... If you bet the wrong way
2.580.23 +( 9.79%) 10 days like this COUGF will be as good as new.
May you have to read this, if you trust on Ernest C. Schlotter, a senior analyst,
SISM Research Issues Update On Cougar Oil & Gas CanadaFont size: A | A | A8:20 AM ET 1/26/11 | BusinessWire
(Investrend Research Syndicate) -- Ernest C. Schlotter, a senior analyst with Zurich, Switzerland-based SISM Research and a four star analyst according to StarMine, has issued an update on Cougar Oil and Gas Canada, Inc. (OTCBB: COUGF) in a four-page report dated January 24, 2011, which includes an updated 18-month stock target valuation and analyst's rating/recommendation.
The full report includes important disclosures, disclaimers and analyst information. Investrend and SISM Research both advise investors to exercise a reasonable degree of due diligence before trading in the equities of any public company, including carefully reading entire analyst reports and report disclosures, and then only in conjunction with advice from a registered financial advisor or broker. Investrend and SISM Research both further advise that any analyst rating, recommendation, target valuation, price target or opinion should be considered merely a portion of an investor's total investigative process. More about ratings and valuations is available via Investrend (at http://www.investrend.com/ratings).
A complimentary copy of the report is available for download via Investrend Syndications (at http://www.investrend.com/sism) as well as via the SISM Research website (at http://www.sism.com/researchreportscougar.htm).
According to Schlotter's report: "Over the past two months, Cougar shares have increased more than 160% (while the Russell 2000 small-cap stock market index rose 5.6%). SISM Research believes the performance of COUGF shares reflects a trickle of incrementally positive news that includes secured financing for seismic and drilling programs and the successful reactivating of a well in the Trout core area. Cougar excised warrants and obtained a $3 million credit facility."
Schlotter also noted: "Given the substantial resource potential on Cougar's land and the First Nation's Joint Venture project as well as a much higher estimated ultimate recovery (EUR) per well and much better economics than earlier forecasted by SISM Research, we increased our estimated Appraised Net Worth estimate for Cougar..."
Schlotter added: "At the current market valuation, we believe that investors are beginning to price in the fact that Cougar could become a 2,000-barrel-a-day company by the end of 2011. Looking beyond 2011, we believe that the current seismic program will identify approximately 20 new drilling locations and form the basis for a drilling and development program and, if successful, will increase proven reserves by 5 million barrels and double Cougar's light oil production to approximately 4,500 barrels-per-day by the end of 2012."
About SISM Research
The shorts take it down to 2.00 now they cover and it goes up 2.58. Like clock work. Now they go on to the next one.
Thanks! I am far off. I got in at 5.
Should come back to 3.00 shortly
As it is good new, company will have funds to support operation. The significant decrease in PPS is unreasonable even with the Wall Street article. Is it because of short sales? It is 20% shorted as of 1/14/11
http://www.otcmarkets.com/stock/COUGF/company-info
Do you know how to short OTC stock?
Do you think it will recover back? How much do you think the stock worth?
I think this was a positive release. 1 thing that I thought was fairly good to see is the less than 2percent financing dilution. Which means they should be seeing cash and the financing, which I see has hopefully a strong point that they have backers by banks instead of selling shares to keep things moving forward.
Time will tell on the wells, but if they hit and keep it there, this couldl rise nicely. I was shocked to see the upward trend as fast as it went, but I will need to seee the fundamentals to verify it.
decent play with real producing.... that's not total bS like a lot of these penny plays.
Good luck to you guys.
Cougar Oil and Gas (OTC:COUGF) Updates Financing Status
Date: February 3, 2011 12:41 PM
Publisher: Bolton Flautt
Source: Bolton Flautt, AP, Bloomberg, Reuters
Categories: Editors Choice, Editors Desk, OTCBB
Tags: Equities.com, UHO, COUGF
Cougar Oil and Gas Canada Inc. (OTC:COUGF) today provided an update to the financing of the previously announced Q1, 2011 Trout core area multi-well drilling program and 3D seismic program. As I write, shares of Cougar Oil and Gas are down 17 percent at $2.35 per share on volume of nearly 650,000 shares.
The previously announced 23.8Km2 high resolution $1.1 million 3D seismic program was financed by the exercise of warrants by some the original investors in Cougar Energy, Inc. This seismic data will provide the Corporation with the detailed geophysical information needed to support the geological selection of the drilling programs which will be executed over the next 18 to 24 months. The drilling rig is expected to mobilize to the project area by the middle of February, 2011.
Mr. William Tighe, CEO and Chairman of the Board for Cougar stated, “We are pleased to complete the financing for the $5.2 million 2011 Q1 work programs with nominal dilution or less than 2% based on current shares issued and outstanding if fully converted. For those interested in the seismic program and drilling programs - we have added and will continue to add pictures to the web site which were taken recently from the programs"
Cougar Oil and Gas is based in Calgary, Alberta, Canada and a publicly traded oil and gas exploration and production company. The focus is on the exploration and development of Canadian based onshore oil and gas properties. The current projects are the Trout light oil production area in north central Alberta, Lucy in the Horn River Basin in northeast British Columbia and First Nation Joint Venture and area projects located in north central Alberta.
Additional information is at http://www.cougaroilandgascanadainc.com.
there is some article here :
http://thestreetsweeper.org/undersurveillance.html?i=1552
and there is 'answers' on that article here :
Pennyinvest.com
Looks like MM ARCA walking it down
Who was promoting it?
you we're e-mailed a Stock promo by who????
Could go back down to 2.00 and fill. I can't understand the big decline with good PR this AM. I was emailed this morning from a company promoting it.
I don't No. If I find out doing some more DD I will post it.
Does anyone know what is happening, why oversold? Thanks
Fails to Deliver is a major problem but until the regulators act to move upon the problem, investors essentially are hung out to dry by those very people whose job it is to protect them. It is even worse on the OTCBB which is akin to the wild west and the quickest draw lives to fight another day. I was mainly an analyst and trader for a small boutique firm and never had contact with clients but I could see the nonsense going on and it sickens me to this day. The American markets have become a victim of Greed (capital letter intended) where the population at large seems to think that it is not a crime unless you are caught-the markets are just a reflection of society and the mores society at large seems to accept where the betterment of the few at the expense of the many is okay. Naked shorting according to the regulations currently is not illegal unless it is used to drive the share price down and at that point the authorities are supposed to step in . There are certain levels of naked shorting, acting much as the curbs do in the general market, that are supposed to trigger when fails to deliver occur on a regular basis. I could find them if I looked through my materials but that is neither here nor there. Paper trading is a problem and not just in equities but in the bond and commodities markets as well.
Unless the SEC begins to act in the interest of investors and not for headlines and how it may advance their own personal careers, the problems are here to stay. Of course there always will be those who are willing to risk imprisonment for riches no matter how many rules and regulations you have in place. Pump and dump schemes are just another way to allow the publics pockets to get picked and the requirements for listing on the OTCBB are far different than the NYSE, AMEX or NASDAQ. I read through many posts here right back to last fall trying to get a sense of what was happening here prior to posting and I saw two posts releated to going to the big board-either AMEX or NYSE which means, if you pardon the expression, in short someone is hyping this stock. At this time the worst thing that could happen to this stock is to have it listed on the big board because the share price would simply collapse based upon the speculation and lack of financial disclosure the company has to do at this time trading on the OTCBB. There was another Canadian oil sands company trading on the OTCBB and the big talk was it was going to AMEX and when it did, the share price collapsed. The speculation came to light, investors, particularly institutional investors, saw it for what it was and liquidated their holdings. Then too all we saw was wild forecasts for pricing based upon the amount of oil in the ground. This is likely to suffer the same fate.
No I am not a "tad" short nor short nor long. This particular stock was brought to my attention by a friend who passed along to me the very hyped up promo mailer put out by the company in a mega dollar promotion. Some things you may want to be aware of. Oh, my background is 20 years spent in the securities business as an analyst and many of the stocks we followed were energy, thus, we are somewhat familiar with the way the Canadian regulators work.
If the company had made a significant find (which they haven't, just the potential of one) they would have to file any reserves estimates with the regulators. I could quote chapter and verse but rather than bore you with the details suffice it to say any event which could have a positive or negative impact upon the price of the stock would be required to be filed on SEDAR in Canada or EDGAR in the United States and a quick search will illustrate they have done neither. The last annual report the company filed indicates they have no cash flow or earnings so how one is attaching a value beyond pure speculation is beyond me. The 1.7 trillion barrels of oil may be accurate but even so, the bulk of that is in the Alberta oilsands and is quite a different beast than conventional oil.
In short, the press promo release was based on nothing but pure speculation, and a great deal of TV style advertising where you buy one and get extra gifts tacked on if you buy right away. Many of these promo's contain the same types of messages and supposed experts are in there telling you of incredible gains. There are many publicly traded stocks where the company is producing 15,000 bbls per day and they are trading under $2.00.
The fails to deliver is still an area where the SEC has to crack down as you can tell by the failure to deliver there are big fish looking to eat little fish. Unless the SEC remedies that problem (they should have to locate shares first before allowing a short position to be opened which also helped to drag the economy to its knees when fails to deliver on Lehman Brothers for example drove its share price into the dirt) then you are going to see cases like this where the share price is hyped by a third party who includes a disclaimer almost as long as the hype sheet and the share price rises, those in the know sell into the buying strength and then when all things come to pass and there is no pot of gold, those same traders then open up short positions and rape the stock on the way down. You have to be early, you have to be fast, and the truth is something you will find out later on as you wonder why your stock is now a penny stock again.
So in closing, do want you want if you can afford to lose some or all of it. It is after all your money. Ask yourself one simple question. Why do those hyping the stock give a rats patoutie about you? If you discovered a way to beat the house in Las Vegas would you tell the world or keep the secret to yourself? Generosity does know its bounds. Professionals don't give away their secrets.
surfrider3h: A tad short are you? Check out the fails to deliver!
guys look at the dates here...the pump started in November the price took off in November...gee a coincidence maybe...hey if you got in early fine but anyone expecting this to have any real earnings, cash flow are going to be waiting a long long time....the hype sheet on this is unbelievable...talk about stretching the facts...the last annual report they filed they had no earnings, no cash flow...if they have discovered oil and are producing and selling they would have to file that with the SEC and in Canada and I can find no reports about any income on SEDAR in Canada and their last annual report they were still a mining company. This is all about hype and pumping. The company is months away from getting drill results and months away from pumping, tieing in pipe and transport. Some of you here are going to get badly burned here. Most of the oil referred to in that hype sheet is in the oilsands not where these guys are drilling as this is conventional oil not heavy oil. There are companies producing right now with nowhere near the share price because as a publicly traded company in Canada if they put out hype like these guys just did the regulators would be all over them and since the OTCBB is outside of Canada there is not much the regulators there can do except stop some Canadians from investing and that may slow the sales down some....guys getting in at these levels should be getting ready to hear the ice begin to crack under their feet...I would start thinking about getting off the ice. This is a pure BS play.
absolutely potential left, they are already producing oil as we speak and with a ton of potential in there newly aquired leases. The trout core area was drilled last week for seismic data and the week of feb 15th there is going to be more drilling going on in other locations to obtain data. This data will be used to let them know how and where to produce the oil from the ground. They are projecting to produce 2000bbl/day by the end of 2011. Look up other companies producing like amounts with this few of shares available... This is just the tip of the iceberg imo. I recommend looking into there previously released news updates, and doing your own dd before investing, but I absolutely believe there amazing potential here.
I have been watching this stock. Is there more upside left?
Did anyone hear about COUGF is going to AMEX listing. Do anyone what is the status of this?
looking like were about to break loose again. 3 days of accumulation and now building pressure again. Im ready for another charge :)
Cougar Oil and Gas Canada Inc. Announces Operations Update and Financing Update
Jan. 10, 2011 (Marketwire) --
CALGARY, ALBERTA -- (Marketwire) -- 01/10/11 -- Cougar Oil and Gas Canada Inc. ("Cougar" or the "Corporation") (OTCBB: COUGF) is pleased to provide an operations and financing update to the previously announced Q1, 2011 Trout core area multi-well drilling program and 3D seismic program.
The previously announced 23.8Km(2) high resolution 3D seismic program has now had all permits approved. Work crews and equipment is currently mobilizing to the project area. Line cutting will begin on Tuesday, January 11, 2011. The project is currently ahead of schedule and will have all field work completed by the end of January. Regular progress updates will be provided. This seismic data will provide the Corporation with the detailed geophysical information needed to support the geological selection of the drilling programs which will be executed over the next 18 to 24 months.
The previously announced multi-well drilling program continues on schedule with final permitting underway. The applications for the surface leases have been submitted and the drilling licence preparation is continuing. Cougar has been working diligently with various drilling companies to finalize and procure the equipment that will be utilized in this project. There are currently several regional drilling projects which will be ending in the next 4-6 weeks. This will enable Cougar to move in equipment and experienced crews without significant mobilization costs. It is anticipated the drilling field work will begin by February 15, 2011.
Cougar has secured initial funding for the drilling program through the exercise of existing Cougar warrants and a $3 million credit facility with current commercial terms. Additional information will be provided upon closing.
Mr. William Tighe, CEO and Chairman of the Board for Cougar stated, 'We are very excited to announce the successful permitting and the start of field operations for the Trout 3D seismic program. A significant portion of the seismic labour force and equipment are coming from the Peerless Trout First Nation and we are looking forward to working with them on this project, which is located on their Traditional Lands. By making arrangements for a $3 million credit facility Cougar can aggressively proceed with contracting equipment for the multi-well drilling project. It is anticipated the credit facility will be paid off using the proceeds from a planned equity financing. The anticipated success of the seismic, drilling and production projects will allow Cougar to continue towards the previously stated corporate production objective of 2000 bbl/d. "
About Cougar Oil and Gas Canada Inc.:
Cougar Oil and Gas Canada Inc. (COUGF: BB) is based in Calgary, Alberta, Canada and a publicly traded oil and gas exploration and production company. The focus is on the exploration and development of Canadian based onshore oil and gas properties. The current projects are the Trout light oil production area in north central Alberta, Lucy in the Horn River Basin in northeast British Columbia and First Nation Joint Venture and area projects located in north central Alberta.
Cougar's strategy is to increase shareholder value building on the existing infrastructure and production as the foundation and a large contiguous land base with multiple opportunities to grow through the drill bit with targets supported by 2D and 3D seismic and excellent well control.
Additional information is at http://www.cougaroilandgascanadainc.com. or http://www.cougarenergyinc.com.
Forward-looking Statements:
This press release contains forward-looking statements. The words or phrases "would be," "will" "intends to," "will likely result," "are expected to," "will continue," "is anticipated," "estimate," or similar expressions are intended to identify "forward-looking statements". The Company's business is subject to various other risks and uncertainties, which may be described in its corporate filings (www.sec.gov) or (SEDAR in Canada). Statements made herein are as of the date of this press release and should not be relied upon as of any subsequent date. The Company cautions readers not to place reliance on such statements. Cougar Oil and Gas Canada Inc. undertakes no obligation to update or publicly revise forward looking statements or information unless so required by applicable securities laws.
Contacts:
Cougar Oil and Gas Canada Inc.
Investor Relations:
+1(403) 513-2664
info@cougarenergyinc.com
www.cougaroilandgascanadainc.com
www.cougarenergyinc.com
Source: Marketwire (January 10, 2011 - 3:40 AM EST)
News by QuoteMedia
So far so good... Looks like some if it could've been profit taking and then falling 'stops'... we'll see.
yes thanks very much
With this stock having a short chart history, and being well above it's 52week high, it's difficult to tell.
I'm following this and awaiting the next 10k/q to give some direction on earnings.
In my opinion the chart looks good, but could be correcting somewhat.
Volume's still good and if it continues, it could rebound..
I'm following this along with GST and some others as a 'trend', the potential could be nice if they get a good earnings report, and it sure seems like there's been some accumulating.
The LARGE sell volume and in my opinion not 'bad' drop has me thinking this could be stronger than some give it credit. -10% is a typical correction by some standards.
This chart show's it's been 'due' a bit of a pull back, the accumulation and money flow have been outstanding.
I'm going to 'predict' it may trade close to the 10day for a while and maybe up if there is any news ahead of the earnings announcement or news on the wells being drilled.
Hope this helps, it's of course my opinion at this point... now that it's pulled back, I may look for another entry as it approaches a 10day, which if you look at the chart, its been above for quite a while.
http://stockcharts.com/h-sc/ui?s=COUGF&p=D&yr=0&mn=3&dy=0&id=p12766951948
Not quite sure. What do you think about the Company? Where do you think the PPS should be heading? Thanks!
Not sure what you want explained? The level II showing the bid's and asks? Or CSTI being on bid and ask?
Assuming 2 people have the same MM it'll show up on both sides.
EX: you use scott trade and so do I, if i'm selling and you are buying, I'll be ask, you be bid. Same MM.
That help?
Can someone explain this for me? Thanks
http://www.otcmarkets.com/stock/COUGF/quote
Well... is this a little profit taking or is someone trying to short it down to get a leg on some upcoming news?... Keeping a close eye for a re entry.. b
Thanks for the tip! I am up 30% today!!!!!
I got an e-mail this morning for this stock. Not much DD on this stock looking at the Intro Message. Perhaps these links will help provide some worthy info.
http://investenergynow.com/COUGF/2010_12_10_Online_Video.html?c=JPVB&s=COUGF&d=2011_01_06&l=150
http://investenergynow.com/COUGF/2010_10_20_landing.html?c=Video&d=2010_12_13
Personally, the jump from $1.50 to $5.15 is a huge run and after a pump usually comes the dump. I've been told, buy on the dip and flip on the tip. So I'd be expecting a short term gain from the pump, then a pull back and a dump.
Barchart has this stock as a STRONG BUY
http://www.barchart.com/quotes/stocks/COUGF
Also see this: http://www.barchart.com/cheatsheet.php?sym=COUGF
Pink Sheets L2 data:
http://www.otcmarkets.com/stock/COUGF/quote
The L2 data is all over the place
BID
MPID Bid Price Size Date/Time
ETMM 5.12 500 01/05
NOBL 5.10 500 08:00
STXG 4.95 500 01/05
VNDM 4.90 500 01/05
NITE 4.90 500 08:30
CSTI 4.89 500 07:40
DOMS 4.85 500 01/05
PUMA 4.40 500 01/05
INTLN 3.30 500 01/05
MERQ 3.05 500 01/05
HDSN 2.72 500 01/05
SSGI 0.01 5000 01/05
cWDCOR 4.95 500 01/05
cVFIN 4.90 500 01/05
cSJLS 4.90 500 01/05
cBMIC 4.82 500 01/05
cMICA 4.72 500 01/05
cVERT 4.70 500 01/05
cMAXM 4.00 500 01/03
cLAMP 0.51 2500 01/04
MURFF U 12/27
UBSS U 08:06
AUTO U 08:06
cARCA U 12/14
cBMAS U 01/03
ASK
ASK
MPID Ask Price Size Date/Time
CSTI 5.18 500 07:40
NOBL 5.20 500 08:00
VNDM 5.50 500 01/05
NITE 5.50 500 08:30
INTLN 5.90 500 01/05
MERQ 5.95 500 01/05
PUMA 6.00 500 01/05
DOMS 6.00 500 01/05
HDSN 6.06 500 01/05
STXG 7.00 500 01/05
SSGI 7.00 500 01/05
ETMM 105.18 100 01/05
cSJLS 5.20 500 01/05
cVERT 5.50 500 01/05
cBMIC 5.59 500 01/05
cWDCOR 5.60 500 01/05
cMAXM 5.90 500 01/05
cVFIN 8.00 500 01/04
cMICA 12.00 200 01/05
cLAMP 12.00 200 01/05
MURFF U 12/27
UBSS U 08:06
AUTO U 08:06
cARCA U 12/14
cBMAS U 01/03
Interesting post on Buy KDKN. I am not in COUGF, but thought I would check out KDKN after your post. It has a very high float I believe around 83 Million or so....I think it would take a lot to get this stock moving....but again if what you said comes through in the next financial reporting form KDKN maybe it will. Thinking about it!
we talk about COUGF today...and the many newsletters that seem to pumping it! Caution Ahead?
you can see the show here:
http://www.simplypennies.com/2011/01/simply-pennies-walk-around-the-penny-01052011-in-hd/
or on Ihub: http://ih.advfn.com/videos/market-commentary/your-nightly-penny-stock-news-around-the-penny-in-hd_vmGp4F4wYA4
Best,
SP
IMHO - I think you are mistaken.
KDKN may be undiscovered, yet. Cougf has a proven reserve and worth what the market price is. It is not buying cougf for 10 times less by buying KDKN. KDKN can be a scamm; but cougf is a real company that is not only having a proven reserve but also generated revenue.
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http://www.cougarenergyinc.com/s/Home.asp
Cougar Oil and Gas Canada, Inc. is a Calgary based junior oil and gas exploration and development company led and staffed by an experienced management and exploitation/exploration team.
Cougar's strategy is to increase shareholder value by optimizing current properties and pursuing an acquisition and consolidation strategy of low cost development, acquisition of assets that are adjacent to their current holdings. In parallel additional value will be increased via property acquisitions, 2D and 3D seismic development and exploration drilling based on the seismic.
Directors & Management
http://www.cougarenergyinc.com/s/QwikReport.asp
Share Structure
----------------------------------------------------------------
Total Restricted: 45.9MM**
Total Non-restricted: 15.6MM
Shares Options 0.2MM
Total Warrants 6.3MM
Fully Diluted 68.5MM
Market Cap (10/12/2010) $86MM
Directors/Officers (Direct or Indirect) approx 13.1%
http://stockcharts.com/h-sc/ui?s=COUGF&p=D&yr=0&mn=1&dy=0&id=p95429147074
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