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Its a gamble but I believe its a good play. Seems to be holding up fairly well considering the debt, the C.O. resigning and the market nosediving today. Still chipping with FNM, its fading down to little gains but Monday I will be in something.
Well, that was a confidence boosting candle...
The market will tell us... watching closely.
Not enough to shake the sellers. JMO, this might be the bottom. I've seen a lot worse in these times.
Actually I am surprised yesterday did not drop more. It got a down grade to 10 cents yesterday pre-market, so I bailed. It came down to 20 cents the first time because of a similar down grade to 25..
i tend to think it is the bottom and bought in here at 24 but lots of worry about bk-- which i dont think is gonna happen---
i think good entry here based on rising gas prices and a restructuring of debt---
Any ideas about this. Been watching for entry but it keeps dropping. Real close to 52 week low, wondering if now is the time for a bounce?
Shoot, look out below!
PED double bottom chart. Ready for a bounce play.
Volume was up today.
Double bottom reversal possibly. Bullish engulfing candlestick pattern, up 10%. Looks good.
Lets see how tomorrow goes, if it moves past .30 I'm in. There could be a nice run
Natural gas company's are starting to move up right now.
Winter storms are on their way, natural gas will be on the rise.
(MarketWatch) - Natural gas futures surged more than 8% Thursday to their highest level in 11 months after government data showed U.S inventories fell more than expected, signaling a recovery in demand as cold weather hit major gas-consuming regions.
That would mean a higher high could be possible... a break over previous high of .45 could be nice. I am personally looking for a break over .30 myself, could set up nicely.
Just read natural gas inventories dropped and UNG was up today. Could be the reason for bottom feeding on PED.
Not only that but the potential for a higher low forming is quite possible...
PED is bouncing here- double bottom
No. I did not and that is why I stepped into this stock on a T/A AND F/A point of view... the sinking of the pps the last few days was based on this announcement (pending) and then the news was released... and it bounced up from the bottom today... we should see upside now... the market will tell us.
With only about 200-250k dumped since trading resumed, it ain't looking bad here, not at all.. Moreover looks like most flippers dived, while longs are holding for future gains.. ..
As at November 10, As at September 30,
...................................... 2009..................2009......,,,,.......2008
Common Shares.,...,,,,,....29,549,894.......29,549,894.....29,423,894
Warrants.............................1,692,000..........1,692,000......1,692,000 .....
Stock Options....................2,087,800...........2,467,300......2,603,800
Trading resumed.. just might be a major buy op here.. news said they are not in default, according to PED. they fighting that idea, and in any case have 30 days to resolve issue?? a attempt of takeover?
The press release does not say, but it looks to be through a subsidiary. Trading just resumes in Toronto, so it will likely follow suit here shortly. Any see what the pps is doing on the TSE?
I think i remember a loan due around the 15-17th of this month? which one you see there?
They've got revolving credit of 200 million which is not in nor near default,, no where close [as i recall], and cash on hand as well.
Looks like they defaulted on loans. Going to have a majore drop when it resumes
I went through their reports the other day, didn't intensely evaluate it. But,, their credit is good, production increased, out put of Oil and Nat gas good and better.. other than prices of Oil being down, couldn't see or find anything wrong.. vertually no dilution..
Moreover I am expecting with higher Oil prices in this quarter, things ought to be looking way better.. most especialy noteing the major increases in production.
anybody find something I missed in their reports?
PED
Not good!
nergy Corp.
(TSX Symbol - PEF; NYSE Amex Symbol - PED)
CALGARY, Dec. 4 /PRNewswire-FirstCall/ - Petroflow Energy Ltd. ("Petroflow"
or the "Company") announces that its subsidiary, North American Petroleum
Corporation USA (NAPCUS) has received a "Notice" from Enterra Energy Corp. that
alleges it is in default under the Farmout Agreement dated effective March 1,
2006 (the "Agreement") by and between Enterra Acquisitions Corp, a wholly owned
subsidiary of Enterra and NAPCUS.
The Company's firm position is that it is not in default under the Agreement,
for a number of reasons that will be clearly communicated to Enterra in support
of Petroflow's continuing rights under the Farmout.
In the Notice, Enterra stated that the Notice does not constitute a notice of
termination and requested that NAPCUS propose a plan satisfactory to Enterra to
cure its non-performance or to otherwise reach an understanding with Enterra to
modify the current arrangement no later than December 10, 2009. If no
resolution can be reached and should the Company receive a termination notice
under the Agreement, the Company would have 30 days to prepare a plan to cure
the non-performance and a further 60 days thereafter to initiate drilling
activities on the Farmout lands.
Forward Looking Statements
This news release contains statements about oil and gas production and
operating activities that may constitute "forward-looking statements" or
"forward-looking information" within the meaning of applicable Securities
legislation as they involve the implied assessment that the resources described
can be profitably produced in the future, based on certain estimates and
assumptions.
Forward-looking statements are based on current expectations, estimates and
projections that involve a number of risks, uncertainties and other factors
that could cause actual results to differ materially from those anticipated by
Petroflow and described in the forward-looking statements. These risks,
uncertainties and other factors include, but are not limited to, inability to
resolve disagreements related to our Farmout Agreement with Enterra Energy,
adverse general economic conditions, inability to raise financing on acceptable
terms or at all, operating hazards, drilling risks, inherent uncertainties in
interpreting and applying engineering data, geologic data, and accumulated
operating and production knowledge, technology change and failure, competition,
reduced availability of drilling and other well services, fluctuations in oil
and gas prices and prices for drilling and other well services, government
regulation and foreign political risks, fluctuations in the exchange rate
between Canadian and US dollars and other currencies, as well as other risks
commonly associated with the exploration and development of oil and gas
properties.
Additional information on these and other factors, which could affect
Petroflow's operations or financial results, are included in Petroflow's
reports on file with Canadian and United States securities regulatory
authorities. We assume no obligation to update forward-looking statements
should circumstances or management's estimates or opinions change unless
otherwise required under securities law.
The TSX has not reviewed and does not accept responsibility for the
adequacy or accuracy of this news release.
SOURCE Petroflow Energy Ltd.
/CONTACT: Mr. Sanford Andrew, President & COO, Petroflow Energy Ltd., (307)
277-2145, www.petroflowenergy.com; Mr. Duncan Moodie, CFO, Petroflow Energy
Ltd., (403) 539-4320, www.petroflowenergy.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most
important business and market news, analysis and commentary:
http://www.djnewsplus.com/nae/al?rnd=QeXZ3mqtebqJ2o6mFIzo6w%3D%3D. You can use
this link on the day this article is published and the following day.
(END) Dow Jones Newswires
12-04-09 1118ET
11:18 120409
I appreciate your insight. Sometimes I can never understand a sudden drop with a mass sell off. Ie... what happened in the last 10 min of the trading day.
Sometimes, large moves are retraced 2 days before a resumption of the upside... I will be watching and scrutinizing the action tomorrow - closely.
Looking better this morning, hope it stays that way. :)
OUCH!!! (sharp stabbing pain coming from my pocket)
The long term has my focus...
Yeah I should have sold at .40s but I was just expecting a small dip to .35 then back to .40s EOD the way it was going yesterday, but I guess I was wrong lol. But charts look good still.
Dam I hope not either, put you a stop loss in in case they try to drain you! I still hold a batch from .22
Nice, well we held the .30 level today, that's important even though today was red. Have to see if we bounce off that tomorrow and head back up towards that .43 resistance level, or head back to .20. I hope not cause I'm averaged at .30 lol. Looks like there was a lot of profit taking today, hope thats all it was.
Hopefully .30 is the new support and we move north again. I didn't see this coming, thought it would stay stronger then this today. We need a nice EoD rally. Charts still look good.
PED yes would like to see a surge in volume with increase in PPS this PM
As of today it apears that; The float [moreover those who have dived] has just about completly changed hands to the bulls..
The last share reports shows no to very minor dilution in the past..and current
As at November 10, As at September 30,
...................................... 2009.............2009.............2008
Common Shares.,.......29,549,894.....29,549,894.....29,423,894
Warrants........................1,692,000..........1,692,000......1,692,000
Stock Options...............2,087,800..........2,467,300......2,603,800
Was looking for .28-.34 today But I added .31 which seems very fine.. That chart does endeed look sweet. maybe sweet enough for .85+/- in due time..
I expected a 10-12% dip but hit 17% ..They will bring it back up..Volume is super, should break 1Million today easy !
Yeah this is BS...Charts showed something way different. Must be MMs up to no good.
no worrys here em
I should have taken a few profits this morning but I held all of it.
Looks like it, a couple of things, profit taking around .43 because 100% gain for some, second its a resistance level. We are moving back up now.
Nobody panic! LOL.
added on dip
more like falling here!
L2 is awesome to watch one this,ton of action with the MM'S
with this volume,,,,,,easily
PED looks like we will brk .50 today !!!!!!!!!!!!!!!!!!
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Petroflow Energy Corporation is an independent exploration & production company listed on both the TSX (PEF) and the AMEX (PED). Petroflow predominately engages in unconventional drilling in the Hunton Resource Play in Oklahoma, as well as conventional activity in Texas and Alberta, ON. Petroflow's daily production in this Resource Play makes it the most active producer and the only publicly held company in this unique Play. The company has used a combination of focused and experienced leadership and unique Bubble Point Technology to achieve a near 100% success rate in their drilling activities.
Since entering the Farmout to develop this play in April of 2006, we have spud 70 total Hunton Resource Play producers; with 63 currently on production, 4 salt water disposal wells and 2 wells currently off production within the Area of Mutual Interest or AMI as well as 2 wells (one producer and one salt water disposal well) outside of the AMI.
Create tangible value for stakeholders through the responsible acquisition, development and enhancement of critical hydrocarbon resources in North America.
Natural gas and oil are hydrocarbons, organic compounds consisting in a majority of carbon and hydrogen atoms. When converted, they are the basis of products that we use in everyday life. The responsible development of these hydrocarbons is vital to our planet.
Build and retain a professional team with a common belief system and an effective skill set for creating value in the oil and gas business.
Provide an exceptional investment opportunity through solid and efficient use of capital and a financial structure that permits the flexibility to achieve maximum shareholder value.
Maintain a consistent growth strategy through accretive acquisitions and high rate of return development projects.
Advance our goals with integrity, with a keen focus on safety and environmental stewardship and with an emphasis on optimizing the recovery and value of the resources we harvest.
Create and maintain a working environment for the employees to promote creativity, optimism, productivity and personal growth.
Corporate Info Including Directors/Management | Operations Including Locations/Technology | |
http://www.petroflowenergy.com/company.aspx | http://www.petroflowenergy.com/operations.aspx |
Investors Info Including Filings/Financial Reports | News & Press Releases Including Presentations | |
http://www.petroflowenergy.com/investor.aspx | http://www.petroflowenergy.com/news.aspx |
Petroflow Energy Contacts | Email: info@petroflowenergy.com | |||||||
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Investor Relations | | |
In the U.S. Kevin Davis 1401 17th Street, Suite 310 Denver, Colorado 80202 USA Phone: (303) 296-7070 Fax: (303) 296-7073 | In Canada |
Common shares | ||||||||||||||||||||||||
Common shares outstanding,end of period | 29,549,894 | 29,567,394 | (0.1 | %) | 29,549,894 | 29,567,394 | (0.1 | %) | ||||||||||||||||
Weighted average basic shares outstanding | 29,510,329 | 29,430,383 | 0.27 | % | 29,530,597 | 29,342,529 | 0.64 | % |
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