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thnx DOLLAR, maybe this goes like OED* someday-pennies to dollars $$$$$$$$$$$$$
yup, a little-and someone puts in a sell @ .065 after .08 is hit-why don't they sell @ .08 also?? i don't get people
It has life!
I'm sure you are aware of the symbiotic relationship that exists between PEMC and WNRC? Dan Green (President, CEO WNRC) is the VP & secretary of PEMC; Tariq (President, CEO PEMC) is the COO & secretary of WNRC. WNRC has acquired assets from Tariq (NGEN Solutions, Satview Broadband), and PEMC has acquired assets that Dan Green had interest in (CUNG). It is pretty clear that the only ones making out here are Tariq and Dan, and not their shareholders. They've benefitted from the price of oil, and have been able to fund their whims with revenues from PEMC.
But investors should not hold their breath for either of these guys doing much in the way of increasing shareholder value.
Not sure, but from all I can tell, business is good. They are loaning money to another entity, WNRC, so they must have a good cash position.
Tariq has had several years to "let the investing public know" what he has here......what would suddenly make him break his silence?
All we really need are some financial filings.
he should, this could be a 1.00+ stock imo
Only a matter of time before Tariq lets the investing world know what he has here.
good point, here's to hoping, lol
Or even if HENI included the PEMC ticker in their PR, most financial sites would pick up on it.
they did PR the farmout agreement a while back, maybe they'll issue one if the deal closes
Hopefully, PEMC also issues a PR, but I doubt it.
this acquisition should be any day now?:
HINTO Energy, Inc. Announces Potential Acquisition of Assets in the Uintah Basin
May 30, 2012 10:32:14 (ET)
DENVER, CO, May 30, 2012 (MARKETWIRE via COMTEX) -- HINTO ENERGY, INC. (otcqb:HENI) (HENI, Trade ) announced that the Company had entered into an Asset Purchase and Sale Agreement with Pacific Energy and Mining Company to acquire certain oil and gas wells and related assets in the Greater Cisco Area of the Uintah Basin of Grand County, Utah. Management of the Company anticipates closing of the acquisition to occur in the first half of June 2012.
yup, ask real thin on level 2
Agreed - news could send this to the .60s in a heartbeat!
could be, it would help if tariq PR'd an outline of activities, current financials, and their plans going forward
I wonder what's up with selling off the assets. Could be related to Dan's and Tariq's other company, WNRC, as I know PEMC has loaned money to WNRC previously for acquisitions there.
nice news, thnx DOLLAR
HINTO Energy, Inc. Announces Potential Acquisition of Assets in the Uintah Basin
May 30, 2012 10:32:14 (ET)
DENVER, CO, May 30, 2012 (MARKETWIRE via COMTEX) -- HINTO ENERGY, INC. (otcqb:HENI) (HENI, Trade ) announced that the Company had entered into an Asset Purchase and Sale Agreement with Pacific Energy and Mining Company to acquire certain oil and gas wells and related assets in the Greater Cisco Area of the Uintah Basin of Grand County, Utah. Management of the Company anticipates closing of the acquisition to occur in the first half of June 2012.
The assets to be acquired include 4,783 gross acres in the Cisco Spring Fields with an 80% NRI and approximately 3,827 net acres. The property includes 27 wells that need to be re-worked, connected to gas pipeline, or offset drilled. The Company intends to acquire the assets using a combination of its convertible notes payable and cash.
George Harris, the Company's Chief Financial Officer, said, "We are excited about the potential to acquire additional property in the Uintah Basin area. This acquisition, when closed, is in keeping with the Company's strategy to acquire assets that are overlooked or underperforming, and to work to bring the assets to full production."
Hinto Energy, Inc. engages in the exploration, acquisition, and development of oil and gas properties. The company was formerly known as Garner Investments, Inc. and changed its name to HINTO Energy, Inc. in September 2011. The company was founded in 2011 and is based in Arvada, Colorado.
Notice Regarding Forward-Looking Statements
This press release may contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Investors are cautioned that such forward-looking statements involve risks and uncertainties, which include among others, the inherent uncertainties associated with petroleum exploration and development stage exploration companies including without limitation, other risks detailed from time to time in the Company's periodic reports filed with the Securities and Exchange Commission.
Contact Information:
Hinto Energy, Inc.
Gary Herick
Vice President - Finance
7609 Ralston Road
Arvada, CO 80002
(303) 647-4850
www.hintoenergy.us
Investor Relations:
DME Capital, LLC
David Elias
516-967-0205
Email Contact
SOURCE: Hinto Energy, Inc.
Teaser, lol.
.06 seller moved to .12
agree, the other sells on level 2 are .50+
Not as cheap as those .04s we've been able to get on occasion, but still not a bad price.
here's the recent earnings of QEP resources-PEMC has a farmout agreement w/ them:
QEP RESOURCES REPORTS 2011 EBITDA OF $1.39 BILLION AND PRODUCTION OF 275.2 BCFE
Company replaces 313% of production and grows year-end 2011 proved crude oil and NGL reserves 107%
DENVER, Feb. 22, 2012 /PRNewswire/ -- QEP Resources (NYSE: QEP) reported adjusted EBITDA (a non-GAAP measure) of $1,386.6 million for 2011 compared to $1,140.5 million in 2010, a 22% increase. Factors driving QEP's results included 20% higher net production and 54% higher oil and NGL production from QEP Energy, increased gathering and processing margins at QEP Field Services, and higher net realized crude oil and NGL prices which more than offset net realized natural gas prices that were 11% lower than in the previous year at QEP Energy. Adjusted EBITDA in the fourth quarter of 2011 was $390.5 million compared to $298.5 million a year earlier, a 31% increase.
QEP Resources net income from continuing operations for 2011 was $267.2 million or $1.50 per diluted share, compared to $283.0 million or $1.60 per diluted share in 2010. QEP Resources had a net loss from continuing operations in the fourth quarter of 2011 of $0.3 million or no earnings per diluted share, compared to net income of $65.0 million or $0.37 per diluted share a year earlier. The net loss in the fourth quarter of 2011 was attributed to a non-cash price-related impairment charge of $195.2 million on some of its mature, dry gas, and higher cost properties in both the Northern and Southern Regions. See Financial and Operating Results for additional information.
Excluding changes in unrealized gains and losses on natural gas basis-only swaps, gains and losses on asset sales, non-cash price-related impairment charge, separation costs and losses on early extinguishment of debt, QEP Resources adjusted net income from continuing operations (a non-GAAP measure) was $316.2 million or $1.77 per diluted share in 2011 compared to $217.8 million or $1.23 per diluted share in 2010. Similarly adjusted fourth quarter 2011 net income from continuing operations was $104.6 million or $0.58 per diluted share compared to net income of $44.8 million or $0.25 per diluted share in the year earlier period.
http://ir.qepres.com/phoenix.zhtml?c=237732&p=irol-pressArticle&ID=1664110&highlight=
thnx, load up the cheapies $$$$$$$$$
Confirmed with Tariq today that float is still around 1M shares.
Well, nice to see a familiar face here. This is certainly not well known yet, hence the 2-person convo. GLTU.
No on the other one. I just thought it was funny seeing the 2 person convo I don't own any shares here . I follow monda around, he or she makes me money :)
I wouldn't get too excited yet - this one is going to require a lot of patience. Every once in awhile a small number of shares is offered at .04, so we've been grabbing what we can. One of these days, I think this could gain some attention, but the company is very quiet. All I know is that this company's management is the same as WNRC, and PEMC is loaning WNRC money, so I think PEMC must be doing well with their oil wells.
Are you still holding that other one? CEO Chat scheduled tomorrow night.
yup, nobody else allowed, lol ;)
Hey guys what's going on over here ??? Is this a 2 person party ???
yup $$$$$$$$$
Too funny! Looks good for now.
i see, .50 up now
Somebody just hit the .20 ASK, lol.
I agree - I'm fine with things being quiet for awhile longer...
i wanna load more, then they can take it to 1.00+ lol
If only more people knew about this gem. Float less than 1M - unreal!
.20, .88, 1.00 so thin
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