Skye Petroleum Inc (SKPO)

[2times2]

look at the chart, at the OS (small), the debt (none), the filings (current)...then decide

[gains4us]

I'm considering to enter

[2times2]

OS tiny and updated (no change!...for years, btw); reduction in unrestricted shares to just 111M :

Management holds 45% of OS
Total Preferred Shares Outstanding: 0 (None)!

Outstanding Shares 249,959,400 01/16/2023
Restricted 138,532,272 01/16/2023
Unrestricted 111,427,128 01/16/2023

Outstanding Shares 249,959,400 07/16/2021
Restricted 100,018,0720 7/16/2021
Unrestricted 149,941,328 07/16/2021

[J2003]

This time 0.20 or 0.95? Go figure

[CashCowMoo]

It would be nice to see a run but they never release news.

[2times2]

10 months ago...and 18 months ago...and 3 years ago (2 cents, 3 cents, 6 cents - inbetween floor where we sir right now). No pps change in years. Next run coming

[CashCowMoo]

yeah how many years has it been since it did that

[J2003]

Let’s run this time!

[CashCowMoo]

no news no anything.

[CashCowMoo]

down to .0041 as of this post

[prislea]

$SKPO .006
Total shares authorized: 290,000,000 as November 14, 2022
Total shares outstanding: 249,959,400 as November 14, 2022
Total shares in public float: 109,529,959 as November 14, 2022
Total number of shareholders of record: 750 as November 14, 2022

[Lazarus]

Patience grasshopper

[CashCowMoo]

what i don’t get about SKPO is it has more assets (patents) than companies trading higher than it by more than double. These are companies with twice as many shares with nothing but fluff and they are over a penny.

[J2003]

When will the show start? Tired to wait…

[CashCowMoo]

I wonder what is going on with this company right now

[2times2]

I added today. Hold 2 M now. Goal: getting 2M more before the next spike.

[CashCowMoo]

SKPO filing: https://www.otcmarkets.com/otcapi/company/financial-report/351407/content



Share structure the same. Looks like chemical sales are picking up in 2022. Nothing crazy but its more than last year at this time.

[CashCowMoo]

Do you really think a run is brewing though? I know over the summer there were some changes, but this ticker cant get over .03 for many years. I like how they stay current, but what is even going on?

[CashCowMoo]

well that’s why i picked up about 200k shares lol i’m just waiting

[J2003]

Big run is brewing here…R u ready?

[CashCowMoo]

Picked up 195K shares today. Tried to buy in one big block it wouldnt go through and had to keep trying in smaller blocks. Seems like there are shares out there just not a whole lot.

[CashCowMoo]

Do we know the monetary value of the patents?

[CashCowMoo]

I also noticed that SKPO has nearly half the share count as BRLL I would expect some kind of news would push it pretty good.

[CashCowMoo]

well oil prices going to go up over the winter so i’m sure SKPO will be able to get to .01 and bounce around in the 1’s like it used to.

[J2003]

Fuel prices will rocket soon. We will have our BRLL party soon too :)

[J2003]

Our journey is starting now?

[CashCowMoo]

we dont have any volume anymore =(

[2times2]

Its really about 100% preserved SS, filing, no debt, AND TONS OF PATENTS. The management shuffle (see recent news) is aimed at patent (esp. paraffin technol.) implications.

Wentworth “Buck” Eaton Joins Skye Petroleum as New CEO SUGAR LAND, TX, July 1, 2022- Skye Petroleum, Inc. (Pink Sheets: SKPO) is pleased to announce that Wentworth “Buck” Eaton has joined Skye Petroleum, Inc. as its new CEO and
Board Member. Gary Merritt has retired from his daily functions as CEO, but will remain as Chairman of the Board of Directors for Skye Petroleum, Inc. and becomes Chief Operations Officer.
Wentworth Eaton was an original co-founder of Skye Petroleum, Inc. in 2009 after the company re-established and reorganized to expand into the chemical segment of the oil industry. Before joining Skye as COO in 2009, he worked 16 years in the financial industry. He used that experience to reorganize Skye to the current capital structure with no debt. Additionally, as COO, he oversaw sales increase from zero to over $800,000 plus established distributor and blender relationships. He has worked as a Consultant for Skye Petroleum since resigning as an officer in February 2015.
Gary Merritt and Jon Laria, CFO and long standing Board Member, have kept the company debt free and prevented the company from sliding into bankruptcy like so many small oil industry companies did in 2015 after the oil markets crashed in 2014.
Buck says, “Skye Petroleum has great untapped potential. We began to see that potential materialize in 2014 before the oil markets crashed. Like others, we had to consolidate, but we are now ready to launch forward into a new season of growth with our paraffin destroying technologies.”

https://www.otcmarkets.com/stock/SKPO/news/Buck-Eaton-New-CEO?id=363459

[CashCowMoo]

There really doesnt seem to be anything going on with the company. I know the share structure is great, but really no updates on new business sales or what is going on.

[2times2]

SKPO high noon

[2times2]

Also interesting: SKPO float/OS tiny (no change!...for many years, btw) and Management holds 35% of OS but no preferred shares (Total Preferred Shares Authorized: 10,000,000 as of December 31, 2020; Total Preferred Shares Outstanding: None as of December 31, 2022, 2021, 2020 and 2019)

Outstanding Shares 249,959,400 07/28/2022
Restricted 100,018,072 07/28/2022
Unrestricted 149,941,328 07/28/2022
Held at DTC 70,442,931 07/28/2022
Authorized Shares 290,000,000 07/28/2022

Last year :)
Outstanding Shares 249,959,400 07/16/2021
Restricted 100,018,0720 7/16/2021
Unrestricted 149,941,328 07/16/2021
Float 110,587,844

no debt, plenty of patents, new CEO

[Zardiw]

Velli interesting..........

Z

[avinoam]

The Company has weathered this long downturn in the oil industry because we are debt free and had
inventory available to sell with no fixed labor cost. We will continue to price our chemicals aggressively
to gain market share even if we have to lower gross profit margins.

[avinoam]

Friends it seems that something serious is starting there!

For the three months of 2022, chemical sales were $2,640 versus $589 in 2021.
As previously noted in past reports, the market tightened up dramatically since the price of oil dropped
precipitously in the fourth quarter of 2014. Drilling and oil production activities have dramatically
slowed down in the United States. The Company is putting its efforts into growing sales directly and
through distribution companies. Skye has sold Drilling and Completion fluids that it carries in its line in
Pennsylvania. Skye Petroleum offers a line of chemical products for most phases of the oil industry at
this time. Skye has been aggressively pricing its products to gain market share and increase its presence
in the industry.

[CashCowMoo]

Bro, the press release is literally just a few posts below.

[avinoam]

Explain what you said, do you have any bad news about what's going on there?

[avinoam]

What last press I do not know, tell me

[CashCowMoo]

this shouldn’t be dropping with the recent press release. it’s ridiculous and smells of market manipulation.

[avinoam]

Next thing - a new CEO something serious is starting

[CashCowMoo]

awesome finally some news and maybe some updates

[2times2]

SUGAR LAND, TX, July 1, 2022- Skye Petroleum, Inc. (Pink Sheets: SKPO) is pleased to announce that Wentworth “Buck” Eaton has joined Skye Petroleum, Inc. as its new CEO and Board Member. Gary Merritt has retired from his daily functions as CEO, but will remain as Chairman of the Board of Directors for Skye Petroleum, Inc. and becomes Chief Operations Officer.
Wentworth Eaton was an original co-founder of Skye Petroleum, Inc. in 2009 after the company re-established and reorganized to expand into the chemical segment of the oil industry. Before joining Skye as COO in 2009, he worked 16 years in the financial industry. He used that experience to reorganize Skye to the current capital structure with no debt. Additionally, as COO, he oversaw sales increase from zero to over $800,000 plus established distributor and blender relationships. He has worked as a Consultant for Skye Petroleum since resigning as an officer in February 2015.
Gary Merritt and Jon Laria, CFO and long standing Board Member, have kept the company debt free and prevented the company from sliding into bankruptcy like so many small oil industry companies did in 2015 after the oil markets crashed in 2014.
Buck says, “Skye Petroleum has great untapped potential. We began to see that potential materialize in 2014 before the oil markets crashed. Like others, we had to consolidate, but we are now ready to launch forward into a new season of growth with our paraffin destroying technologies.”
Please visit the company web site, www.skyepetroleum.com or contact Buck Eaton
at [e-mail] or 281-265-1199. Skye Petroleum, Inc. is a publicly traded corporation, listed on the OTC Pink Current Information tier on the OTC Markets Group Inc. electronic quotation venue, under the trading symbol, SKPO.

https://www.otcmarkets.com/stock/SKPO/news/Buck-Eaton-New-CEO?id=363459

Float/OS tiny and not changed in years, debt free
Authorized Shares 290,000,000 06/10/2022
Outstanding Shares 249,959,400 06/10/2022
Restricted 100,018,072 06/10/2022
Unrestricted 149,941,328 06/10/2022
Held at DTC 70,442,931 06/10/2022

[abazaba375]

Adding PR out

[J2003]

Why?

[CashCowMoo]

This stock hovered around the 1 cent range forever and when oil was in the $40-50 range. Now we have $120 oil and the PPS has been beat down badly

[J2003]

Quietly loading

[2times2]

yes...looking at the 5 year chart :)

[J2003]

Now we are ready to test new all time highs again!

[2times2]

sure...makes sense...single retailer tried to depress the pps by 2+M asks to get to his entry pps...failed!

[J2003]

Loading another million now @ 0.0070

[J2003]

Quiet before storm? Loading zone