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Not bad at $85 per barrel - oil is at 113.93 a barrel that is 29 a head of $85.00 a barrel . Well hope volume picks up and we see over a dollar a share . What is book value per share now ?
That release
nice news looks good
what news release?
Great news release the other day
it was a great lunch . very good .very good
thnx for letting us know
thnx for letting us know
i feel like noodles for lunch and maybe a fortune cookie .
Lets hope we see something . If not then what . Is oil not good to be in ??
no idea - just know that there was news last year that an outside company was looking at getting into the bussiness. Everyone has read that news . It posted on the pemc website and has been on this site as well .
Here's a summarÿ:
June 26, 2007
"The Company is in the process of unitizing the field with offset leaseholders, the largest of which is Questar Exploration and Production Company"
Oct. 4th, 2007
"Pacific Energy & Mining Co. (Other OTC:PEMC.PK - News) is pleased to announce that it is in preliminary negotiations for the sale of the company. Pacific Energy is in preliminary negotiations with an oil and gas company that is listed on a major international stock exchange."
Prospects are outstanding!
1.$100+ oil
2. proven reserves(~3mm bbls) & production
3.suitors interested(negotiating) in buying co. assets
4. unitization agreement with major NYSE oil co.s
do you know what and who it is with?
Remember the big news that was to be- well anytime now any time i expect we hear something in a month or two.
which is what with who??
Everyone here does need to admit this stock has the worst of all time for volume of any stock you have ever seen .
The news that we have been holding on to for the last year or so .
Not selling til its worth something. Hold on to this for 5 years or more
whats the big news?
Have any of the principals considered going overseas to finalize discussions with the never-named "foreign buyer"?
Your shares should be unlocked by now, if you were a previous CUNG stakeholder; have you started to sell, or are you waiting for this 'big news' before you unload?
GLTA
all i can say is that things are moving right along . any day now big news for some and better for others .
what are you talking about
your right .80 is way too cheap
Yes . Why sell at such low prices
do you still own it
Im giving up on this stock. The sale was to be complted last october its march nothing is going to happen with this its a penny stock . When was the last time this stock broke over .75 .Its way under .50 .Sorry to be so negative but the truth hurts . So i am just writting this stock off .
True , but if you buy at a certain price and its worth less you are losing money
Big difference between losing money and losing portfolio value. If you haven't sold, you haven't lost.
The CUNG shares unlock this month, me thinks, and still no word from the principals about the unitization or the buyout.
Nice to see Dan's other involvements are marching on (WNRC & ESFS). No shortage of updates on those
so - i think my dog is a fool as well - i know them but when you are dealing with money and things dont happen that doesnt make me happy . so yes they are fools - some of my good friends are even bigger fools - I was told big things were going to happen .well nothing has happened but lower stock prices. im losing money
I THOUGHT YOU KNEW THE CEO?
I will be a fool if this all happens . I dont think anything will happen with this stock
who is the fool ?? i thought he was your budy
Im with ya - its a garabe stock nothing will happen with this . If it does its a micrale stock the comeback is what io will call it. if any thingthis stock might reach 85 cents that about it. the people running the company are fools i hear .
Man-
scary to think of what might happen if oil goes to $200 a barrel, if this is how the stock reacts to $100 oil....
Time & Sales most recent next page
Rec. Time Action Price Volume
2:53:18 PM Trade 0.25 10720
Another solid investor, moving on - that PR money sure was well spent.
WELL its only been talk of a deal for a year and nothing has happened . So im not going on beleiving there is some deal out there.
How do you know no deal was ever reached?
im glad to see i was right this is a junk stock and no deal was ever reached . well 50 cents a share wont get a person far
No deal is a good deal - pemc stock makes great paper airplanes or kindle on a cold night - its worthless for money but fun to play with . Whens the deal done - 5 years or so or no deal at all
Just by how long its been taking so far .
why do you say that?
I think the deal will be done by july of 08 maybe by june of 08 .
thoughtone said they had meaing not anymore 9product) so i didnt know if the deal was still around - i guess after the deal noone will be on this board.
what are you talking about?
black gold texas t- and good old jed clampit- what happened did they loose it . cause you said they had a good product
nope they are selling the company soon for big $$
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