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More insider buying...boom!!!
insider bought another 108,000 shares out of the float...extremely bullish!
This makes what small float there was even that smaller.
Go FPP
oil and oil stocks turning positive
FPP should follow here and break above 200 day
about to break 200-day avg
break 1.49 here on ask and that is break above 200 day trendline...major breakout
oil rallying after Fed minutes
small cap oil sector rally...time for FPP to follow the group
BREAKOUT!!!
just broke above 200 day trendline...kaboom!
oil headed to the 200 day...FPP///nice chart///love the float here...also has a bit of a KUMO happening on the daily. Bad balance sheet...watcher for sure!!
FPP warrants should be around .15
last spring when FPP crossed above 1.30 to 1.40 those FPP warrants were trading at around .15....currently asking .09
http://www.barchart.com/quotes//FPP.W
Im sure it's like a supply issue. Looks like only 200 shares at .09 so im sure with bit of buying up of those warrants this will quickly be asking .12 to .15 here
Great run...almost close to breaking 200 day moving average
remove "all or none"
there soooo little shares here that even 200 shares moves ask up fast. If got "all or none" they wont fill, AND wobt show your bid.
So little stock may have to go above ask to find anything of size...this is ready to join the rest of the crowd and run.
oil stocks running bigtime!!!
Im seeing stocks like PSTR PWE PVA PGN...all up like 15% to 50% today...wild!!!
Come on FPP get in the game..major short squeezes going down...whole small cap oil sector running.
oil rallies on China data
China data came in all so tiny bit better then expected, but commodities like copper and oil so shorted are rallying big.
Look for sharp pop in FPP...and with lower float from insider buying...kaboom!!!
FPP warrants (under .10)
FPP watrants have strike of $4.00, but expire in 2018.
As oil recovers those warrants have well over 2 years on them...buy all you can under .10 and as oil recovers and FPP rallies could have good trade here.
http://www.barchart.com/quotes//FPP.W
insiders buying...chart looks strong
you get speculators flowing back into oil plays and FPP could rock!
Acquisitions will signal bottom is in
Watch for any news of larger oil players buying up smaller distress producers. The larger guys will not wait for bottom, but will start buying right BEFORE bottom is made.
Problem is once this signal is hit small oil plays like FPP will go bonke
rs on both sector buying AND short covering. These are always hard to time but watch for news of acquisitions in sector and jump in full boat
Non-OPEC production set to fall
No one can ever call an exact bottom, not even professionals, but based on signals im getting we may be nearing the bottoming process around here
http://www.cnbc.com/2015/09/11/non-opec-supply-set-for-big-fall-iea.html
We may not be there just yet...but are close to bottom...so yes attempting to dollar cost here on few choice oil plsys will pay off great. FPP is one of my smaller ones im slowly buying up
Watch WTI chart (short squeeze)
Goldman Sachs put $20 target on WTI, but i think that is utter nonsence. Oil has short ran back to 50 day trendline (blue line), and now hearing short positions coming back in at this level.
I have strange feeling some good news could be coming..either from China, or production falling off as credit drys up. That in combination of heavy short positions here could trigger oil back to 200 day trendline, or above $50.
FPP is hedge at $55 a barrel, but that pop could trigger sector wide short covering, which could see FPP pop back above 1.40
+ FAST
We shall see...maybe Fed inaction could drop dollar and thus rally oil.
Something just telling me too many people negative and short on oil stocks....it's a crowded trade and when those trades break KABOOM!!!
Nice share structure, been that way for years!
As of August 10, 2015, the number of shares outstanding of the Registrant's $.01 par value common stock was 8,880,101.
Maybe a little early, but better early than a little too late!
On June 24, 2015, the Board of Directors announced that it had approved a temporary reduction to the exercise price of its publicly traded warrants to $1.00 per share. This is a temporary modification for a period of 33 days commencing at the opening of trading on July 6, 2015, and ending at the close of trading on August 7, 2015. During this period, 734,716 warrants were exercised at a price of $1.00 per share for total proceeds of $734,716. Of this, $452,131 has been received by the Company and the remaining $282,585 is still being processed. Any and all warrants remaining unexercised after August 7, 2015, remain in full force and effect for the duration of their term with the initial exercise price of $4.00 per share.
Insiders buying?
impressed how well FPP has held up during these past few weeks while other small oil stocks tanked. Get bounce in oil here and FPP could outperform in rally up from here....insiders think so, they are buying in
chart looks ready to run...
...get small little rally in oil and FPP runs to $2.00+ fast
FPP was +10% during crash, today rally time?
FPP was +10% during one of worst market drops in years, but today oil & markets rallying...maybe see run past $1.20+ today?
FPP
FieldPoint Petroleum (NYSEMKT:FPP): Q2 EPS of -$0.03
Revenue of $1.18M (-50.8% Y/Y)
Costless collar - not enough
While it is good that they have a floor on the oil they sell, it is only for 200 BblPD, so each quarter revenue would be no lower than:
200Bbl/day x $55 x 90 = $990,000.
The best his collar delivers is if oil gets to $70, so
200Bbl/Day x $70 x 90 = $1,260,000.
While they are selling a little more than the hedged amounts, it looks like production is falling off and not adding much more to revenue.
The problem is that the company is losing money, and revenue is falling.
I think the company would be best off selling everything off before they end up losing all kinds of money each quarter.
Right now the company might be able to sell everything off and get out for near the current share price. Every quarter that goes on, revenue is going to decline, and the losses pile up.
Louis J. Desy Jr.
FPP hedged floor of $55 barrel
No matter how low goes FPP is locked in at $55 oil price for 200 barrels per day. This alone makes FPP a good bottom small cap oil play.
Warrants are trading too high
It looks like the only people that can benefit are ones who already got warrants. The warrants are trading around $0.30, and the stock is around $1.40, so buy a warrant at $0.30 in order to exercise the warrant at $1.00 is not better then just buying the common shares.
Louis J. Desy Jr.
FPP warrants are a screaming buy!!!
FPP above $1.00 strike....warrants still under $0.30....should run to $1.00+
buy at will
FPP
Fieldpoint Petroleum (FPP -19.1%) sinks after announcing a reduction in the exercise price of warrants that have been exercisable to purchase common shares at $4.
FieldPoint Petroleum (NYSEMKT:FPP): Q1 EPS of -$0.06
Revenue of $1.12M (-61.5% Y/Y)
Q1 2015 Financial Highlights Compared to Q1 2014
Revenues decreased to $1,116,966 from $2,913,165;
Net Income (Loss) decreased to a Loss of ($449,754) from Income of $307,936; and
Earnings (Loss) per share decreased, basic to a Loss of ($.06) from Income of $0.04 and fully diluted to a Loss of ($.06) from Income of $0.03.
oil hedging collar $55 - $70
the floor is in!
10. Subsequent Events
On May 13, 2015 the company entered into a costless collar hedging agreement with Citibank for 200 barrels of oil per day that runs for a term of six months from June 1, 2015 to December 31, 2015, with a floor of $55 per barrel and a ceiling of $70 per barrel.
FPP warrants (cheap)
Strike Price: $4.00
Expire: 2018
Price: under $0.40
Grab some of those as well
.98 bet the ranch
might still be another flight up.....
to over 2 dollars .... this time around
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