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That symbol's chart looks weak. It's in a downtrend and it's approaching Overbought conditions so, it's likely to go lower. I'll post a chart on that board later on.
GSX looks ok for the moment but, the bears are selling price rallies here so, it could also still be stuck in a downtrend.
Did you look at GETH symbol, could you please do some chart work on that an tell me your opinion? We think it can be soar very soon!
Thanks
I sold my GSX shares when it became obvious to me that it was not performing the way I anticipated. That's one of the advantages of being a swing trader. I never get married to any one stock. Right now it does appear that there is a good possibility that the price will go back up. I may decide to buy it back on Tuesday. I'll do some chart work on it this weekend if I have time.
Are you still bullish about GSX? The price lately has been disappointing.I think things could turn around though.At least I hope.:)
We need some California crude to start to flow.
24.3% Jump Oil Production Q1....WOW!!!!
Q1 Production estimates out this morning
Oil Production jumped 24.3% this Quarter.
Gasco is at on the verge of a major shift in revenues from Nat Gas to Oil
The new much more balanced mix of Oil & Nat Gas will ensure Gsx has strong revenues and cashflows going forward
Many more New oil projects and wells slated to be drilled in 2012
Get ready, EPS to jump on back of $100 oil & record oil production
By commodity, Gasco posted improved crude oil volumes of 9,885 barrels of oil for Q1-12, as compared to 7,950 barrels in Q4-11, a 24.3% increase sequentially. The Company attributes the oil production growth to the addition of two new-drill Green River Formation oil wells that began producing during Q1-12. Natural gas volumes of 832 MMcf for Q1-12 were off only fractionally as compared to the Q4-11 sequential quarter.
http://finance.yahoo.com/news/gasco-energy-provides-q1-12-120000054.html
24.3% Jump Oil Production Q1....WOW!!!!
Q1 Production estimates out this morning
Oil Production jumped 24.3% this Quarter.
Gasco is at on the verge of a major shift in revenues from Nat Gas to Oil
The new much more balanced mix of Oil & Nat Gas will ensure Gsx has strong revenues and cashflows going forward
Many more New oil projects and wells slated to be drilled in 2012
Get ready, EPS to jump on back of $100 oil & record oil production
By commodity, Gasco posted improved crude oil volumes of 9,885 barrels of oil for Q1-12, as compared to 7,950 barrels in Q4-11, a 24.3% increase sequentially. The Company attributes the oil production growth to the addition of two new-drill Green River Formation oil wells that began producing during Q1-12. Natural gas volumes of 832 MMcf for Q1-12 were off only fractionally as compared to the Q4-11 sequential quarter.
http://finance.yahoo.com/news/gasco-energy-provides-q1-12-120000054.html
Daily Chart Analysis - Good Day to BUY GSX (in my opinion). We now have a classic 1-2-3 bottom formation supported by nice trend continuation divergent buy signal on the Daily Price Chart (below). On the fundamental side the stock is trading right about at its Book Value of $0.24. I'm fairly confident that we will see a rally now to perhaps the $0.35 or $0.40 area before another price correction unfolds. At lease one Analyst has predicted a price target of $0.61 for this stock so that just adds to my suspicion that the profit ratio for this trade is at least 2:1. I like those odds in any low priced stock. http://finance.yahoo.com/q/ao?s=GSX+Analyst+Opinion - GSX - Daily Candlesticks
What's wrong is I'm not makeing any money.
GSX will have a great 2012 and beyond. I really like this little company.
GSX Video! Nat Gas at cycle low! Major bull run Nat Gas stocks coming!
This video with expert technician Charles Nenner
Nat Gas is right at end of its Cycle and poised for a long term rebound
Now is the time to accumulate nat gas equities for the long term
This video is truly a must watch for GSX investors
The added mix of upcoming oil production makes GSX a low risk investment
GSX poised for a powerful multi-month/year bull run....
http://finance.yahoo.com/blogs/breakout/natural-gas-buying-opportunity-near-nenner-150927404.html
Hourly Chart Analysis - We have 4 Bullish divergences on the hourly price chart (seen below) between the Price and the RSI, ULT, Stochastics and &R. Just one bullish divergence is generally considered a buy signal by a lot of technical analysts. Anytime I see all 4 oscillators diverge from the price, I get excited. In my opinion, we will see higher prices in the coming week.
GSX - 60 min Candlesticks
Full Moon jitters maybe. The really interesting thing about the full moon is that more often than not it triggers a rally. I now see a bullish divergence setup on the hourly price chart now and the market is still oversold so, I'm holding on to my shares.
Why the big sell off? Does some thing going wrong?
CONFIRMED STAGE 2 BREAKOUT - new bull run has begun for GSX
GSX has undergone one of the most powerful bottoming formations possible
after being in decline for over a year, GSX recently broke out above its 150 Moving Average on massive volume
News of Oil production coming via a $30 million partnership deal with Wapiti on the Uinta Basin drove powerful spike in buying.
Balance sheet now loaded with cash after the deal and Wapiti will fund 100% costs of production
The powerful rally launched GSX into a CONFIRMED STAGE 2 BREAKOUT
***STAGE 2 BREAKOUTS LEAD TO MULTI-MONTH/YEAR RALLIES which often go PARABOLIC ***
recent pullback on low volume back to the breakout point at the 150 MA confirms this move as GSX bounced hard off the 150 MA
This is normal price action on low volume and there will be a wave of buyers as there is heavy interest now in GSX
*** GSX has transformed itself from nat gas to OIL producer ***
Nat Gas is also near long term cycle low
GSX insider buying without selling
THE DEAL WITH WAPITI was a complete GAMECHANGER for GSX
**** CONFIRMED STAGE 2 BREAKOUT ****
accumulate GSX on any dips but if you wait, be prepare to pay up or watch the parabolic move from the sidelines.....
Get ready for new 52 week high
NEOM? Buda what you think of this stock? Hitting the 200MA so thinking should bounce but Volume is pointing otherwise. Would appreciate your opinion.
GSX Book Value = $0.24/share - It's a no brainer. The price is not likely to drop below it's book value and say there for very long. The upside potential is amazing on this one! The daily price charts shows an oversold market so, the timing is perfect to buy this one!
$30 million injection/deal & Oil production coming...accumulate GSX on any dips!!!!!!!!!
I absolutely love this recent deal with our new partner!
yep i said it once i'll say it again theres no way no way this stock will ever go up they wont let it go passed .31555555 its redicouls i'm just bout had enough of this but the prob is i'm traped because of fees
I owned some,but sold for a small profit
Take a look at a similar company TGC which just put out great #'s
Let them Sell I'm looking to Buy More!!!-.19 would be Nice-Trying to Build Here
I'm still a little worried that short interest is at 5 million shares last checked...
LOL WOW LOOKS LIKE ALOT OF PEOPLE MADE A HELL OF ALOT OF MONEY WENT ALL THE WAY UP TOO .31 CENTS STOP THE PRESSES HOW IN THE HELL DO U PEOPLE EXPECT THIS STOCK TO GO ANYWHERE?? UR HAPPY WITH A HALF OF A CENT INCREASE THEN U SELL OUT TALKEN BOUT GOING NO WERE FAST GEZZZ HOW BOUT THIS HOW BOUT U LET IT GO TO .55 OR MAYBE .75 CENTS BUT DAM MAN ONLY HAPPY WITH .31 CENTS WTF IS WRONG WITH U PEOPLE?????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????????? I DONT THINK IT MATTERS WAT KIND OF A PR THEY PUT OUT THEY COULD PUT THE BEST PR IN THE FKN WORLD OUT AND U PEOPLE WOULD STILL SELL OUT AT FRKN .31 CENTS BOT U MUST NOT BE TO AMBITIOUS??????? GZZZZ THANK GOD I DID NOT PUT ALOT OF MONEY HERE I WANTED TO BUT MORE BUT NOW I'M HAVING SECOND THOUGHTS IF .31 CENTS IS ALL U MORANS WILL LET IT HIT I'M SORRY IM JUST SO FRUSTRATED........
lets hope with this news that the itchy trigge fingers dont sell at .2955 wow wat a hell of a profit they must make makes no sense to me why would any one sell that low caint u people let it hit atleast .50 maybe .75 and make a real profit instead setling for a half of a cent profit????
up 8% after hours..due to news. hopefully this rally's throughout the days to come.
Slow $ Steady-Nice-Thinking about Long Term-Here-GLTA
From a long term chart, it definitely has upward momentum. If the resistance is broken we'll see it continue to fly.
yea i'd like to get to the point someday were i have 5000 shares not much but it is for me. I like this stock cause it seems it just keeps going up
Tomorrow Will Break .33
The .33 res has been tested but still lingers. We have .3744 to still meet; This bad boys staying on its strong upward trend..imo
Comments?
See you at the ATM!
i think whne i get back to work i'll start buyn more too just maybe 200 shares a check so wat kinda news are we waitn for?
That would be great if it could, I have been buying some every month.
i saw this was aat 7.03 at the highest point in 2009 why did it drop so bad and can it go to 3 or 5 bucks again?
are u guys going to let this hit .32 cents or are u going to be happy w maken profits at .30 my god how freakn much profit can u make at a .31.47777777777 of a percent this is redicoulus
Waiting for news - more likely AH or Monday morning
Every day I wonder " will today be the day that GSX has steam to roll over the short interest?". It would be nice to get a release date for earnings. Maybe more info on the joint venture. The pps is holding up fairly well but it could be so much better.
No, you're right JBenk...
It's taken weeks to move 3 or so cents, nothing here right now. You'll have time to get in when a real run starts.
Can anyone find new numbers on shares short?
I didn't mean to be so negative, I had just been reading all the negative short spams on the yahoo finance board and was getting irritated because people were buying that crap. GSX is only going up from here and of course we will have red days mixed in but overall it will go up. The daily chart proves this - .16 hit and it turned itself upwards.
Ur rite sorry for cryn no one likes a crybaby this is like a piggybank slowly but surely addn to my bank account u have ur good days and bad i think i like this slow be steady pace id much rather this than a stock that dont move at all positive thinking that the key sorry folks for being negitive broke my own rule i plan on addn more very shortly here
Maybe if you whine some more, it'll move - too many inexperienced traders like you think this will rocket to the moon on a down market. Most stocks are down today - have some patience
how can anyone filp this stock as little as it moves it only goes up or down by hafl points well never get anywhere here
Golden cross imminent on the daily chart!
Today....just begin to turn on chart...i think .3 comming day here...
Grabbed a position for a flip, looks ready to bounce?
http://stockcharts.com/h-sc/ui?s=gsx
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Denver-based Gasco Energy, Inc. (NYSE MKT: GSX) is a natural gas and oil exploitation and development company focused on natural-gas-rich prospects in the Rocky Mountain area of the United States, specifically in Utah's Uinta Basin. Additional exploration leasehold is located in California and Nevada.
The Company's principal business strategy is to enhance stockholder value by using technologies new to a specific area to generate and develop high-potential exploitation resources in this area. Gasco's principal business is the acquisition of leasehold interests in petroleum and natural gas rights, either directly or indirectly, and the exploitation and development of properties subject to these leases.
Gasco currently focuses its efforts in the Riverbend Project located in the Uinta Basin of northeastern Utah, targeting the Wasatch, Mesaverde and Blackhawk, Mancos and Dakota/Morrison gas bearing formations and the oil-prone Green River Formation. As of December 31, 2011, Gasco held interests in 184,612 gross acres (86,178 net acres) located in Utah, California and Nevada.
The Rockies represent the largest untapped, drillable potential for natural gas supply in North America. The Potential Gas Committee (PGC) estimates ultimate recovery of total gas reserves in the Rockies at 230 trillion cubic feet, excluding coalbed methane. The PGC estimates the greatest potential for non-associated natural gas in the Rocky Mountain region is concentrated in southwestern and south-central Wyoming, adjacent northwestern Colorado and northeastern Utah. This region includes the Uinta, Piceance and Greater Green River Basins.
ABOUT GASCO ENERGY | Management
Gasco's highly qualified management and technical team has extensive industry experience and a proven track record in oil and gas exploitation and development. The team has successfully developed several "early stage" oil and gas companies in the U.S. and Canada.
ABOUT GASCO ENERGY | Directors
Gasco Energy is committed to providing expertise to enhance the reputation and governance of the company through its Board of Directors.
Charles B. Crowell | ||||||||||||
Chairman of the Board of Directors
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Denver-based Gasco Energy (NYSE MKT: GSX) is an independent exploitation and production company focused on developing tight gas sands in the United States Rocky Mountains. The Company's primary project is in the prolific hydrocarbon-bearing Uinta Basin of Utah. SEC-defined proved reserves at December 31, 2011 were 19.9 Bcfe, 100% of which were in Utah, 92% were natural gas and 100% were proved developed.
Gasco's 2012 initial capital expenditure budget ("Capex") is $5.0 million for oil and gas activities. In the Uinta Basin, the Company is allocating approximately $3.6 million for the drilling and completion of seven gross (1.3 net) new Green River Formation oil wells and six gross (2.0 net) new-drill natural gas wells. The Uinta drilling program is expected to commence during the third quarter of 2012.
The Company has allocated an additional $1.4 million to progress its exploration program, principally focusing on its California projects, including ongoing leasing and seismic acquisition. The Company expects that the Capex budget will be funded primarily from cash on hand and cash flow from operations. The 2012 Capex budget is subject to market conditions, drilling results, oilfield service availability, and commodity prices. The 2012 Capex does not include any promotes or carries in its California projects. |
In December 2011, Gasco began drilling two 50% working interest wells to test the productive potential of the oil-prone Green River Formation. The Federal 34-19 was successfully completed in three stages and the Federal 23-30 was successfully completed in four stages. The Federal 34-19G and the Federal 23-30G had initial seven-day average rates of 67 BOPD and 50 BOPD, respectively. The wells continue to produce as expected.
Based on the early success of these Green River wells, Gasco plans to drill seven gross (1.3 net) new Green River wells in its 2012 capital expenditure program. As of December 31, 2011, Gasco's leasehold interest in the San Joaquin Basin is approximately 37,959 gross acres (14,603 net) in Kern and San Luis Obispo Counties of Southern California. Leasehold rental payments and geological expenses are current in order to preserve the acreage positions. The Company is actively marketing these prospects to attract drilling partners for further exploration of the area. The project is in close proximity to the Midway-Sunset and Belgian Anticline oil fields which combined have cumulative production in excess of 2 billion barrels of oil.
Below is a description of the various projects in this area as of April 2012: Northwest McKittrick. The operator of this shallow oil prospect continues to work with the applicable California state agencies to acquire the appropriate permits. Progress has been slowed due to California state budget issues and forced furloughs affecting the regulatory agencies. While some progress has been made, final approval is still pending from Federal and California agencies. Willow Springs. The operator of this oil prospect has drilled and reached total depth on the initial well. The operator has run a seven inch liner to total depth with the intent of testing the well. It is anticipated that the well will be tested within the next 45 to 60 days. Antelope Valley. The operator of these oil and liquids-rich prospects is currently processing and interpreting the 3-D seismic data over the Antelope Valley prospects. Our agreement with the operator requires that the initial earning well be spud during the first half of 2012. S.W. Cymric. In Q1-12, the S.W. Cymric prospect, featuring both shallow and deep oil and gas potential pay horizons, was sold for a prospect fee of $750,000 and includes a best-efforts drilling commitment subject to seismic evaluation. Gasco will be carried for a 20% working interest in the first well. San Joaquin Basin. We continue to develop new prospects and acquire acreage along the west side of the San Joaquin Basin. The new prospects are a continuation of the structural and stratigraphic geologic model that we have been working on for the past nine years that has yielded recent success along the west side as demonstrated by discoveries and field development by other operators with similar geologic models. |
Market Value1 | $12,255,949 | a/o Feb 01, 2013 |
Shares Outstanding | 169,749,981 | a/o Nov 14, 2012 |
Float | Not Available | |
Authorized Shares | Not Available | |
Par Value | 0.0001 |
Shareholders of Record | 323 | a/o Mar 04, 2008 |
http://www.otcmarkets.com/stock/GSX/company-info
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