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You might want to look again, it's the CEO's other companies that are lending them the money and it's the CEO's other Company that is invested in this Montana deal as well...
JDOG did $1 million in Rev's the first 2008 Q and since then nat gas is up almost 50%, so let's say this company is doing $1.5 million a q and then hit something on their montana property... If you don't see the potential then sorry...
Ok, because I'm looking at this and not seeing anything striking yet.
Is there an estimate for the resources they purchased in Montana?
I agree that their purchase had great timing back in August of 2007. I guess the question that I have is how good are those properties?
The other question is where are they going to get more cash from. Looks like they're about to run dry here. Credit facility is maxed, etc etc. Very non-solvent here.
I bought in last week, that was the first day of volume a few days back, this stock is totally off the radar...
Rev's are going to be great with nat gas prices up and then there is their new drilling out in Montana...
IR lady is tight lipped but she will confirm the drill project...
What's the story here? Looks like something happened based on the chart.
Higher oil and natural gas forecasts boost ratings for equities
Posted: June 02, 2008, 8:21 AM by Jonathan Ratner
Energy
Not only has the near-term contract for West Texas Intermediate (WTI) crude oil traded in the US$130 per barrel range recently, but prices have averaged more than US$105 in 2008. And despite a slow start to the year, oil has been above US$100 since late February.
Rising geopolitical tensions, OPEC’s inability or unwillingness to boost production, tight product markets, strong demand from places like China and the Middle East, and a weak U.S. dollar have all been blamed, notes Raymond James analyst Justin Bouchard.
He admits that correctly forecasting where crude will go this year is a difficult task since prices have been very volatile and at times, disconnected from the underlying fundamentals. However, Raymond James believe that the tight supply/demand situation and geopolitical risk will keep oil elevated in the long term. As a result, the firm boosted its target by 18% to US$120 per barrel for the second half of 2008 and to US$130 for 2009 and beyond.
For NYMEX natural gas, Raymond James’ new 2008 forecast climbs 40%, or US$3, to US$10.50 per thousand cubic feet (mcf) in order to reflect the underlying tension between strong production growth in the U.S. and tighter storage levels during the summer.
“We think the market has a strong tendency to focus on the U.S. gas storage figures to set the tone on natural gas prices and related equities,” analyst Andrew Bradford told clients. “On this basis, given the relatively low level of storage today, we don’t think investors will see much to dissuade them from a bullish stance.”
For 2009, its target climbs US50¢ to US$7.50, as the firm believes growing U.S. domestic gas production will lead to increasingly bearish gas storage figures in the winter.
The new forecasts result in higher price targets for all the exploration and producing companies Raymond James covers, as well as upgrades to “outperform” for four of them – Canadian Natural Resources Ltd., Nexen Inc., Compton Petroleum Corp. and Ember Resources Inc.
The biggest price target increases come from the names with the highest potential growth in oil production during the forecast period, analyst Stephen Calderwood noted. These are large-cap Canadian Natural, intermediate TriStar Oil & Gas Ltd., and juniors Bow Valley Energy Ltd. and Masters Energy Inc.
Raymond James’ price targets for oil and gas trusts climb an average of 12%. It believes Baytex Energy Trust, NAL Oil & Gas Trust and Bonavista Energy Trust have the most flexibility in terms of higher distributions because of their superior balance sheets and lower payout ratios.
Finally, in the oil sands space, Raymond James ranks Connacher Oil and Gas Ltd. as its top pick, along with Ivanhoe Energy Inc.
Looks like somebody grabbed 4k at about 3:30 on Friday... I like it!
15:34:06 200 1.20 + OTCBB
15:34:00 400 1.20 + OTCBB
15:34:00 400 1.20 + OTCBB
15:32:03 500 1.20 + OTCBB
15:30:48 500 1.20 + OTCBB
15:30:45 500 1.20 + OTCBB
15:29:42 500 1.10 - OTCBB
15:29:36 1000 1.10 - OTCBB
On my way out the door but somebody is adding here...
The future is very bright here...just have to be a bit patient.
http://www.investors.com/breakingnews.asp?journalid=51648203
John D. Oil and Gas Company Announces 2006 Financial Results
CLEVELAND, Apr 4, 2007 (PrimeNewswire via COMTEX) -- John D. Oil and Gas Company (JDOG) today announced it had a net loss from operations of $1.9 million largely due to writing off the minority interest asset and recording an impairment expense to one of the self-storage facilities. The Company re-evaluated its Painesville, Ohio self-storage property and determined an impairment expense was appropriate due to property changes in that area. Significant on-going expenses included the depletion expense relating to capitalized well costs and writing off a dry well. While these expenses are normal expenses in the oil and natural gas business, they overshadowed the revenues from production in 2006 because it was the first year of production for the Company and eight of the twenty one wells drilled during the year were drilled in the last quarter. We anticipate increased revenues as we continue to build our reserves and grow our Company.
Gregory J. Osborne, the Company's COO, stated, "I am optimistic that our revenues will increase in 2007 as we continue to focus on our aggressive drilling program. Our Company partners have secured a drilling rig and service equipment to assure our drilling objectives stay on target. Our goal is to drill 30 to 35 wells this year and 40 to 50 in 2008. Our current pace of development should allow us to meet our five year target of 250 total wells drilled."
Total revenues from continuing operations and interest income increased $1,377,974, or 250.7%, to $1,927,676 for the year ended December 31, 2006, from $549,702 for the year ended December 31, 2005. The increases are largely the result of oil and natural gas production occurring for the first time in 2006.
Total operating expenses increased $1,759,170, or 103.6%, to $3,456,655 for the year ended December 31, 2006, from $1,697,485 for the year ended December 31, 2005. The increased expenses are primarily due to an impairment expense of $733,258 on the Painesville self-storage facility, $722,204 of depletion expense for the year and writing off a dry well for $280,262.
As a result of the above factors, the Company's loss from continuing operations increased $1,617,503, or 469.7%, to a loss of $1,961,838 for the year ended December 31, 2006 from a loss of $344,335 for the year ended December 31, 2005.
The Company's income from discontinued operations net of minority interest after the sale of eighteen self-storage facilities on April 5, 2005 was $2,132,696 for the year ended December 31, 2005. The Company had net income of $1,788,361 for the year ended December 31, 2005, largely due to the sale of the eighteen self-storage facilities.
About John D. Oil and Gas Company
In conjunction with the name change from Liberty Self-Stor, Inc. to John D. Oil and Gas Company on June 27, 2005, the Company approved a change to its business plan to permit it to enter into the business of extracting and producing oil and natural gas products. The Company is actively drilling oil and natural gas wells in Northeast Ohio. The Company currently also retains two self-storage facilities located in Gahanna and Painesville, Ohio. The Company has entered into an agreement for a possible sale of the Gahanna facility. The Company may, if business and time warrant, sell the Painesville facility in the future.
I think the second Q numbers are going to blow away the 1st Q $1 million in rev's and then if we hit paydirt in Montana, watchout...
PR from last June
John D. Oil and Gas Company Announces Well Drilling Program
Tuesday June 5, 2007 8:49 am ET
CLEVELAND, June 5, 2007 (PRIME NEWSWIRE) -- John D. Oil and Gas Company (OTC BB:JDOG.OB - News) today announced it has commenced a planned 30 well drilling program in Lake, Geauga and Ashtabula Counties of Ohio, primarily targeting the Clinton Sands formation at depths ranging from 3,200 to 4,000 feet. These wells are expected to be completed and in production by the end of 2007 or first quarter of 2008. Gregory J. Osborne, President and COO, states that ``while there is a shortage of drilling/completion contracting equipment in the Appalachian Basin, John D. Oil and Gas Company has secured long-term contracts with an affiliate company to provide these services, allowing us to be aggressive in our exploration efforts in the Basin during these advantageous commodity markets.''
ADVERTISEMENT
About John D. Oil and Gas Company
In conjunction with the name change from Liberty Self-Stor, Inc. to John D. Oil and Gas Company on June 27, 2005, the Company approved a change to its business plan to permit it to enter into the business of extracting and producing oil and natural gas products. The Company is actively drilling oil and natural gas wells in Northeast Ohio. The Company currently also retains one self-storage facility located in Painesville, Ohio. The Company recently sold the Gahanna, Ohio facility and may, if business and time warrant, sell the Painesville facility in the future.
I put an order in but they are not reflecting it...
There not dropping the ask any. Some bid fills here would be very nice.
I see somebody unloaded a few while I was gone... Hopefully some good friends took advantage!
Not much of any bid whacking taking place here, I know I'm not selling my sub $1 shares anytime soon...
Brainstorming this weekend but with the CEO's other two companies EWST CNIG being both regulated utilities, for the most part, it seems to me that JDOG might have the most potential for real growth...
Not to mention I think the price of Natural Gas night be on a collision course for an all time high because of a growing demand starting for liquefied nat gas...
http://news.google.com/news?hl=en&gbv=2&ie=UTF-8&tab=in&q=liquefied+natural+gas&ct=rels_5
My guess is 10K in volume @ the ask would take us to $2...
That's probably a pretty good idea...your pup looks a little bored
Hope so.... I'm feeling pretty lucky:)
I'm about too... literally...
Probably have a little time... maybe you'll get lucky...
Who let the dogs out? em
sshhhhh!! I am waiting for funds to clear!!!
:)
Yup, you just gotta think that they know 'something' already re the Montana property.
It popped really easy yesterday... Can't wait to see the growth on this one over the next few months...
Talk about a 'thin' O&G play...and the discovery potential here is very high:
15:22:54 1034 1.50 + OTCBB
15:14:12 262 1.30 - OTCBB
13:54:09 470 1.50 + OTCBB
12:43:36 500 1.30 - OTCBB
12:39:36 200 1.65 - OTCBB
11:43:48 150 1.80 + OTCBB
11:43:09 500 1.80 + OTCBB
11:42:24 150 1.80 + OTCBB
11:17:06 150 1.80 + OTCBB
11:15:48 500 1.25 + OTCBB
11:15:48 500 1.25 + OTCBB
11:14:00 500 1.07 + OTCBB
11:13:30 500 1.05 + OTCBB
11:04:00 1100 0.90 - OTCBB
11:03:12 500 1.05 + OTCBB
11:02:30 500 1.02 + OTCBB
10:53:18 3500 0.85 - OTCBB
09:38:09 500 0.85 - OTCBB
09:30:00 1000 0.85 - OTCBB
09:30:00 1000 0.90 OTCBB
Sweet find mike... wish I would have known about it earlier...
POST-MARKET Analysis Thursday May 22 05:00PM
Post-Market Scan results - TOP 100 Stocks from the Pre-Market Scans, ranked highest percent gain to lowest
NOTE: Intra-day scans are not tracked for the Post-Market analysis!
MIHS +300.0%
SHSN +150.0%
LFXG +94.1%
BOKO +85.2%
JDOG +76.5%
VRDE +66.7%
EMXC +66.7%
CSLI +60.0%
BNXR +59.3%
SSHO +57.1%
DMOI +52.0%
SIOR +50.0%
RDXM +50.0%
NFTI +50.0%
EXPH +50.0%
BESE +41.7%
IEAM +41.2%
EMED +40.8%
TREN +40.0%
SIBN +36.7%
KHKH +33.3%
EBOF +30.6%
FRAE +30.0%
NTNI +30.0%
ABDS +27.3%
OPAI +26.5%
VOYT +25.9%
NWOL +25.0%
MRDAF +25.0%
FGHH +25.0%
CSOF +25.0%
CICS +25.0%
DIAAF +25.0%
TTNC +25.0%
AICPQ +23.8%
MWAV +23.5%
EGIL +23.1%
LIPD +22.9%
IONN +21.4%
EYTC +21.2%
KYUS +20.4%
LGOV +20.0%
IYXI +20.0%
EGTS +19.6%
DESC +19.3%
AMXG +19.0%
SRFDF +18.9%
AIDA +18.8%
BFDI +18.2%
MMGP +18.2%
HBDY +16.7%
RQST +16.7%
CDTR +16.3%
ABOS +15.8%
MMRSF +15.4%
XKEM +15.4%
HSYN +15.4%
JLI +15.3%
KALG +15.0%
CHHL +14.7%
BRCO +14.3%
DCLT +14.3%
HNSO +14.3%
BKYI +13.3%
NNAN +13.3%
CBZFF +13.3%
AOOR +12.9%
LEI +12.9%
GSPI +12.8%
GBVS +12.5%
TOFS +12.5%
CYTR +12.5%
CRGO +12.5%
NXGB +12.5%
EGYF +12.0%
PSDV +11.8%
TKGN +11.8%
OMAG +11.4%
PEGX +11.2%
OCOL +10.5%
EDLT +10.4%
AEGG +10.1%
EGAM +10.0%
ESIV +10.0%
NOVO +10.0%
AOLS +9.8%
HSOA +9.7%
ESPH +9.7%
CPPXF +9.5%
FTXN +9.4%
PFNO +9.4%
MEMY +9.3%
NSOL +9.1%
DRGP +9.1%
QUIN +8.9%
ERFW +8.9%
UOMO +8.9%
HDUP +8.8%
SOIS +8.8%
MOSH +8.7%
Actually missed getting the shares....this thing took off before my order could get filled. Will watch and try again
Yep, a traders logic!
Nice find here MWM!!
Ha! Good reasoning!
I thought so too! Got a few with ya just on the name so close to HDOG!!
I think we see accumulation here and wait for the big drilling news which is to start in 2 weeks...
CEO has 2(JDOG & EWST) of his three baby's invested in this 200K acre Property in Montana, my guess is they know something is there...
could be a moon shot coming soon
serves me right for thinking I could bid sit
Here is a 20 year Chart! Strap In!
I knocked him out but only managed to get 2k shares.
INSIDER HOLDERS*
Individual/Entity Most Recent Trans. Shares Owned as of Trans. Date
CALABRESE STEVEN A
Director Acquisition (Non Open Market)
10-Dec-07 889,183
10-Dec-07
COYNE TERENCE P
Director Acquisition (Non Open Market)
10-Dec-07 207,738
10-Dec-07
FLENNER RICHARD T JR
Director Acquisition (Non Open Market)
10-Dec-07 7,738
10-Dec-07
GROSSI MARK D
Director Acquisition (Non Open Market)
10-Dec-07 207,460
10-Dec-07
MIHITSCH CHERYL JEAN
Officer Purchase
31-May-07 5,000
31-May-07
OSBORNE RICHARD M
Officer Acquisition (Non Open Market)
30-Jun-06 3,308,541
30-Jun-06
SMAIL JAMES R
Director Acquisition (Non Open Market)
10-Dec-07 204,167
10-Dec-07
SMITH THOMAS JOSEPH
Director Acquisition (Non Open Market)
22-Jun-06 90,000
22-Jun-06
HDSN at .85 seems to be the only real seller here, took a few off him yesterday, curious to know how much he has...
Just for the name, I will pick up a few. J DOG....gotta love that one!
Looks promising. I may have to grab a few.
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08/23/06
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Free
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