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is this board still active and are you still active?
rpt try me here as a reply. They deleted your post on erhe
I don't subscribe either .. I'll
be in and out a bit this morning.
Glad to hear everyone is doing ok
Good call on COIN and SEED
Every thing going good, Baby growing like a weed and Wife and I by ourself again !!!!
Notice I dont subscrb to IHUB so will be limited to post I make
call on COIN and SEED was right on , they are smoking but Im not in , just hanging loose for a while and getting my ducks in a row to start on taxes grrrrrrrrrrrrrrrrrrrrr
Hey Dog.. How's things on the homefront? Mom
and baby still ok??
Good morn you old fart, see you got my email on QTWW and EPG.
COIN and SEED still going ! EMC looking good also!
I am a free subscriber, so I cann't private reply.
SOIGF - Interesting strategy, could be very successful. I would like to see an engineer somewhere in management, they are all geo-scientists and heavy oil is generally an engineering intensive process/project. It seems like a bit of a hole in their project team not to have a senior engineer on board.
Their strategy of acquiring heavy oil leases that could be produced without EOR sounds good, 5-10% recovery initially, at some point in the future, hit the reservoir with heat and get another 40%.
Don't know the reserves per well, so can't estimate capital costs per barrel. Operating costs in the play are low ($5-6/bbl) and credible, unfortunately, so is the oil price. Road tar only gets $20-$35/bbl. If it goes to an upgrader, they get the price improvement, that's why Encana teamed up with Conoco, to capture both profit opportunities.
So Strata has 106k acres, 29 million shares, 4/1000 acre per share. At $0.5/share, you are paying about $500/acre for heavy oil leases. Shell, if I did the math right, paid about $2000/acre for heavy oil leases last year.
I am not sufficiently familiar with the area to comment on the relative quality of the lands to Shell, but it seems to suggest Strata is reasonably priced if not cheap.
I'm not ready to buy in, but I will continue to watch and consider buying.
Thanks for the heads up.
Cy
Thanks RPT. I'll look into it. Right now chart looks good.
I missed out on FRPT and
I knew about it WAY early .. made lots of good folks a lot of money there.
Keep an eye on FGOVF.. It's a slow mover but has DEEP pockets backing it.
Hey rpt great to hear from you. I'm not posting as much as I use to. But I do frequent the Coffee SHop on RB sometime and not very often calvf, on I hub I'm sometimes on amep (I have a lot of it about 1/2 of it now under water as big flap over a R/S might happen.) Also in NVMG near even on most of it. waiting for rig info. I like all the leases they have. Still heavy in ERHE. Looks like drilling in 08. Big deal now with Dept. of Justice. Could be a great time to get shares. I added 17,000 a couple weeks ago. Looking to do so again when funds available.Once in a great while I do Investor Village TGA board. I still have 1/4 of my original TGA shares. Sold some (to many) at 2.50 of course sold some at 8.25 but when you buy at .25-.35 can't complain. I'm looking to get out of more on the 7.50 area which I think will get there by late fall. SOld coovered call last friday on some of my PM's. mostly out of money, but AEM is getting close to going into the money on 45'. But they are Aug so I suspect there will be a pull back. If not I have good time premium. Can then decide to let go, buy back or roll out to Sep. I'm mostly in PM's and oil and gas. Had some FRPT which I sold way to soon.
Hey jsc
Not that active anymore ..But do post from time to time on the iHub UWNK board.
Or on the GORO Raging Bull board.
Where you hanging out at??
yes rpt I check every now and then. Where are you active now?
I miss the old gang
Steve,
Great to hear from you! I have also taken some profits, but
holding core positions. MNG has been very good to me. I'm
not sure how much of a pullback we are going to see, I hope
we do get one, right now 600 seems to be support.
It would be nice to get thoughts posted again, seems everyone
scattered. I read other boards occasionally, but not often like I used to.
Take Care,
Yvette
Welcome to the trading world of increasing volatility ... as of late I have been struggling through some health issues that have prevented me from actively participating on any forums but with the dramatic slide today I thought I would take a few minutes to give my opinion FWIW.
As of late, the pm physical markets have experienced a strong and healthy run higher but as it continued to advance at an every increasing rate (the slope of the advance became steeper and steeper) very little support was being built. The is always a problem and must be watched carefully for the simple reason that when a reversal takes place it can move very quickly to the downside as it just has.
On the pm stock side, they too had veen advancing higher but no where near the slope seen in the physicals ... as is normally the case, the pm stocks in general will follow the movement seen in the physical markets and again we see that today with most showing up "red". Yet many are simply also taking a breather in this longer term bull market and I'm confident will given time recover from this action today.
At this time except for 2 stocks I'm currently sitting in cash on the sidelines selling out most positions the past week or so in anticipation of this shorter term retracement. From here I would expect to see a bounce higher off the initial lows being put in and will consider only reentering this sector once the indicators provide confirmation that the bull market is about to reverse higher. This may take some time to do so I will be looking at alternative investment options that may provide opportunities in the shorter term.
CALVF short term should find support near the .14 p level and is currently on the shorter term charts appearing to be oversold ... therefore as an investor one should expect a move higher than current levels shorter term but keep in mind that it may very well be only a "dead cat" bounce because the price movement today has caused many indicators to turn short term negative and therefore resistance to the upside must once again be overcome. As stated before, this will happen but for now most investors in the pm sector are fearful and it will take some confidence rebuilding before they will want to dip their toes in this sector again.
Watch the charts and indicators and you should know when it is once again "safe" to take positions for the next advance higher. Please remember that the markets operate on the fear and greed factors (emotions) ... learn to ignore these emotions, focus your attention on the charts and indicators, then buy low/sell high whenever the opportunities present themselves.
As always, wishing all here the very best in health and future financial endeavors.
Steve
Where is everyone? With Gold finally surpassing 500, I
would have thought people would show up.
Wow, I was watching today as AMEP just kept rising and was telling myself better to sell on the way up and then it fell hard at the close. So it looks like I will get a second chance.
Charissa
Thank you, JSC. I sold my AMEP for a nice run from .038 to .096.
Will get back in when it drops a little. Nice weekend with the profit on that one. Made up for the "red" on all my goldies.
Charissa
Pot of Gold I believe you mean amep. That one is begining to perform very well. I added on the drop today. I missed the .038 but still got in at .04. I had a buy in at .035 and had to raise it when .037 held.Dumb me I knew the charts said .038 was a given for the pull back, but there was a possible .032 but low probability. Good luck.
JSC,
I bought some of that oil stock you mentioned last week--thank you.
Charissa, not erhe but the other one.
Thanks Rpt I am not sure of the extent of the pull back perhaps to 1.90 or even 1.50 it went paraballic so hard to judge with my limited experience. I have risk $'s to go in also some to add to erhe which I view as a sure thing like tga was. Just needs time. I will take a possition in cxti as I prefere long term plays for tax reasons. Where do you see the pull back to? These OB stock can be tricky I'v seen great plays turn to dust. I had eybr at .25 ran it to over $2 took some profits and held the rest I should have sold all. Then I had DOC at .25 ran to over 3 and sold now its 6. Thats the joys of speculating Have a great day. Take a look at AMEP its going to take time IMO. If your not in ERHE this may be the last pull back. I love oils and understand them. Others I need help.
Jsc...
CXTI is a winner all the way...Todays correction was overdue and to be expected.
With todays news...The OS should be reduced to somewhere 23M and the float increased to 5.6 M
The earnings of .104 per share will increase..Cash on hand remains around $3M.
The 12 month target of $6.25 is VERY possible.
Rare find for an OTC stock..CXTI
Don't know much about ETLT...YET
RPT
rpt I see you post on cxti what is you opinion of that one also are you watching etlt?
ERHE has had quite a ride lately--up-down-up-now down again. Will it ever attain the loftly heights for which it is destined?
I can only assume from your silence that you make nothing of it.
JSC, what do you make of the pending sale of over 3,000,000 shares of ERHE by an insider announced this week? Thanks, Charissa
Newmont calls for $525 gold within six months
Thu Jun 9, 2005 10:59 AM ET
NEW YORK (Reuters) - The price of gold should rise to $525 an ounce by the beginning of 2006, the U.S. dollar falls another 15 percent against a basket of currencies, world economic growth keeps physical demand buoyant and production of the yellow metal continues to taper off, a top executive of gold giant Newmont Mining said on Thursday.
"When you add it up, we think you can see gold at $525 by Jan '06," Pierre Lassonde, the president of the world's largest gold mining company, said at the Reuters Mining Summit.
JSC,
Are you still looking favorably toward ERHE? I know it has fallen upon hard times the last couple of days. I sold most of my position a few weeks ago, but I am purchasing again at these lower prices. I was looking at TGA also, but missed the move.
Thanks, Charissa
jsc..
I'm liking TGA also...Looks like correction is over and should be moving north of $6 again soon.
Also been enjoying the ride at LLLI..Rumored to be the next TASR without all the problems and lawsuits.
http://stockcharts.com/def/servlet/SC.web?c=llli,uu[h,a]dalayiay[db][pc8!c21!f][vc60][iut!Uc20!Lb14]...
Good to see you again.
RPT
Glad to see you, JSC. I think the golds are
oversold and have been playing the little bounces.
Will check out PXD, thanks.
nozac & RPT I'm still here very heavy into erhe and tga. Starting to move some into golds, have been buying physical silver. PXD oil lloks like a buy here.
Sold my GSS for a nice profit.
Plan to buy it back again.
Hey...Welcome back... Been
real quiet around here...
Hi Guys,
Been on trading Hiatus since buying new house
in November. Picked up some GSS @2.40 will be
holding that for awhile. I think the Golds are
pretty beaten down, but will be back.
What's everyone else doing??
ANX chart.........
Take a look at
ANX...I'm holding and adding more..
stockcharts.com/def/servlet/SC.web?c=anx,uu[h,a]dalayiay[db][pc8!c21!f][vc60][iut!Uc20!Lb14]&pref=G
Jsc50233,
Still holding ERHE through that big dip earlier in the week and glad I did. Thanks, Charissa
Strong buy for MLXO. Reason? Here it is:
In Nov. MLXO inked a deal with Cornell Capital for a Standby Equity Financing Deal, Cornell then began shorting MLXO Like they do every company the lend to, lending the company money it raised from selling the same company short in the first place, basically lending the company it's own money. Well the CEO was unaware at the time what Cornell was up to and once he found out decided that the company would be better off not using and funds from Cornell, SO HES NOT USING CORNELL CAPITAL FUNDS, And Cornell has shorted MLXO from .20 area to .025, it's on the SHO list for the second time because of it, now that MLXO doesn't want their money, theres gonna be alot of short covering in the coming days/weeks or Cornell will be caught short. Current ask of .035 is way undervalued, all indicators say that MLXO is way oversold. MLXO is one way,
Rpt that was choice. I know one lawyer who that should have happened to. His wife put him through law school. The day he graduated he gave her a divorce notice.
Subject: The Curtain Rods
Subject: The Curtain Rods
She spent the first day packing her belongings into boxes, crates and suitcases.
On the second day, she had the movers come and collect her things.
On the third day, she sat down for the last time at their beautiful dining room table by candlelight, put on some soft background music, and feasted on a pound of shrimp, a jar of caviar, and a bottle of Chardonnay.
When she had finished, she went into each and every room and deposited a few half-eaten shrimp shells dipped in caviar, into the hollow of the curtain rods.
She then cleaned up the kitchen and left.
When the husband returned with his new girlfriend, all was bliss for the first few days.
Then slowly, the house began to smell.
They tried everything, cleaning, mopping, and airing the place out.
Vents were checked for dead rodents, and carpets were steam cleaned.
Air fresheners were hung everywhere.
Exterminators were brought in to set off gas canisters, during which they had to move out for a few days, and in the end they even paid to replace the expensive wool carpeting.
Nothing worked.
People stopped coming over to visit.
Repairmen refused to work in the house.
The maid quit.
Finally, they could not take the stench any longer and decided to move.
A month later, even though they had cut their price in half, they could not find a buyer for their stinky house.
Word got out, and eventually, even the local realtors refused to return their calls.
Finally, they had to borrow a huge sum of money from the bank to purchase a new place.
The ex-wife called the man, and asked how things were going.
He told her the saga of the rotting house.
She listened politely, and said that she missed her old home terribly, and would be willing to reduce her divorce settlement in exchange for getting the house back.
Knowing his ex-wife had no idea how bad the smell was, he agreed on price that was about 1/10th of what the house had been worth, but only if she were to sign the papers that very day.
She agreed, and within the hour his lawyers delivered the paperwork.
A week later the man and his girlfriend stood smiling as they watched the moving company pack everything to take to their new home, including the curtain rods.
I LOVE A HAPPY ENDING, DON'T YOU????
jsc...CONGRATS on your ERHC holdings.. +21%...eom
Good post jsc...Hey..Come
on over to the Penny Shac... Some good people over there..The rest of the old board members are invited also.
http://www.investorshub.com/boards/board.asp?board_id=1143
See ya there.
RPT
Hi folks. I'v been consumed with just trying to keep up with my favorite oils. TGA shot up and dumped on great earnings news.Reserves nearly trippled at the cost of lower earnings. Now which would you sooner have? known oil in the ground which can be extracted and sold, or the few dollars from last years sold oil sitting on a balance sheet and less known oil in the ground as you sold some? People who don't know E&P companies sold. I bought at 6.68 and 7.25 Ya should have waited for the potential 5.90 chart support but I'd sooner have it then miss. TGA is moving the rig to a new fill in well. Known oil under the site will likely spud in next week. WHen it completes will be 3-5000 bopd.But its a fill in not a new discovery. They will then move to a new wildcat which is reportedly a little higher risk area then the last dry hole. But it does have a chance or they would'nt go there. If it hits it will be very big. You don't find elephants at the south pole, and you need to hunt for them. Now for the BIG ELEPHANT or as some say the minnow. ERHE will be in the news with-in 2 weeks XOM must give its decission by MARCH 18. Some believe it could be today. IMO the researdh boys had to go home to the big shot callers give them plan A B C and wait for the boss to make the call. It will more likely be XOM calls on 3-16-18. Give JDA 3 days to plan a PR release party and you are at MArch 24 just before Good Friday. Thats my guess. If not right after Easter. ERHE has solid rights. What they may also have are operation rights on a tract or two with pxd etal. Hope eveeryone is well
I still miss all the great posters from the old board. OH take a look at calvf I picked up 25,000 last week 10 @.125 15 @ .115 ( I now have over 300,000 erhe)
Wheaton River Posts Higher 4Q Profit
Monday March 7, 4:32 pm ET
Wheaton River Fourth-Quarter Earnings Double on Higher Average Metals Prices
NEW YORK (AP) -- Wheaton River Minerals Ltd., a Vancouver-based gold and silver producer, said Monday that fourth-quarter earnings doubled year-over-year on higher average realized prices of gold, silver and copper.
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Net income grew to $56 million, or 9 cents per share, from $27.8 million, or 5 cents per share, a year ago. Sales rose to $113.5 million from $103.4 million a year ago.
After a protracted bidding process with Iamgold, Wheaton River in December agreed to be acquired by Toronto-based gold mining company Goldcorp Inc., who now controls about 80 percent of Wheaton River and plans to acquire all remaining outstanding shares in the first half of this year.
"Wheaton's operations continue to outperform market expectations on all metrics," said Ian Telfer, who was recently appointed president and CEO of Goldcorp. "Significant organic growth is expected over the next two years with a further 35 percent increase in production, due to project commissioning at Amapari and Los Filos, as well as the expansion of Red Lake Mine."
For the full year, Wheaton River earned $142.1 million, or 22 cents per share, up from $57.7 million, or 13 cents per share, last year. Sales rose to $419.2 million from $212.6 million in the 2003 quarter.
The company said it sold 606,500 gold equivalent ounces and 145.6 million pounds of copper during 2004, up from 450,100 gold equivalent ounces and 113.7 million pounds of copper in 2003.
Wheaton River shares fell 2 cents to close earlier at $3.53 on the American Stock Exchange.
Thanks for the headsup on ERHE. I have been holding for awhile and will look forward to continuing momentum. Charissa
If your looking for a Great O & G
company....Do some DD on TGA
News out again this morning.
TransGlobe Energy Corporation Announces Year End Reserve Increases In All Operational Areas
Monday January 31, 7:37 pm ET
CALGARY, Alberta--(BUSINESS WIRE)--Jan. 31, 2005--TransGlobe Energy Corporation (TSX:TGL - News; AMEX:TGA - News; "TransGlobe" or the "Company") is pleased to announce reserves and production for 2004 in the Republic of Yemen and in Canada.
Reserves:
Total Proven reserves for the Company increased 78% from 3,746 MBoe ("MBoe" thousand barrels of oil equivalent at 6 : 1) at December 31, 2003; to 6,665 MBoe at December 31, 2004. The increase of 2,919 MBoe replaced approximately 307% of 2004 production. The major increases in proven reserves were attributable to the An Nagyah field on Block S-1, Yemen and new drilling in Canada.
Total Proven plus Probable reserves for the Company increased 48% from 7,037 MBoe at December 31, 2003 to 10,427 MBoe at December 31, 2004 replacing approximately 340% of 2004 production. The major increases in Proven plus Probable reserves were attributable to the An Nagyah field on Block S-1, Yemen, continued reservoir performance in the Tasour field on Block 32, Yemen and new drilling in Canada.
etc,etc,etc
Thanks Ray. eom
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