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Whats a drug co got to do with oil and gas?
XKEM has a lot of room to run. It was pushed down hard and fast when it should have maintained an uptrend.
My take is that is was pushed down so the company could repurchase the outstanding convertible debt, per January PR. "Xechem Completes Repurchase of $3 Million Convertible Loan From Alembic - Thursday January 12, 6:30 am ET"
Add this to collecting the settlement money ("Xechem Closes On $4.2 Million Lawsuit Settlement With Bristol-Meyers Squibb - Wednesday January 25, 6:30 am ET") and you have a company in a MUCH better position than when it was trading @ .03 with a LOT more interest.
Now its returning to its fair value with massive momentum behind it. It should push through critical resistance pivots without a problem. XKEM is easy money from these levels IMO.
XKEM ----- Most Recent Press Releases and Financial Statements
XECHEM ANNOUNCES SUCCESSFUL CAPITAL RAISE BY CEPTOR CORPORATION (XECHEM RECEIVES APPROXIMATELY $1.28 MILLION AS PART OF THE TRANSACTION)
XECHEM ANNOUNCES SIGNIFICANT PROGRESS IN THE DEVELOPMENT OF ITS SICKLE CELL DISEASE DRUG (NICOSAN™ / HEMOXIN™)
XECHEM RECEIVES A BROAD U.S. PATENT FOR SECOND GENERATION PACLITAXEL
PROVISIONAL PATENT APPLICATION FILED FOR EPILEPSY COMPOUND C-202 BY XECHEM’S SUBSIDIARY, CEPTOR CORPORATION
XECHEM Awarded ADDITIONAL European Patent for anti-cancer drug paclitaxel
XECHEM ANNOUNCES FAVORABLE RULING BY US COURT OF APPEALS IN ITS antitrust case against Bristol Myers Squibb
XECHEM announces Current Public Filing
XECHEM MAJORITY-OWNED SUBSIDIARY, CEPTOR CORPORATION,
RECEIVES NIH GRANT FOR HEARING LOSS STUDY
Xechem Announces independent financing to ceptor subsidiary
XECHEM announces execution of definitive AGREEMENT documents regarding business COOPERATION and cash infusion pact WITH alembic, limited, A major indian pHARMACEUTICAL COMPANY
XECHEM PRESENTS UPDATE ON NIPRISAN – Nix-0699
Xechem and Ceptor Announce Capitalization and financing Plan
Xechem International COMPLETES Ceptor TRANSACTION
Xechem International to Acquire Ceptor Corporation
WILLIAM PURSLEY NAMED PRESIDENT AND CHIEF OPERATING OFFICER OF XECHEM INTERNATIONAL, INC.
XECHEM RECEIVES PACLITAXEL PATENT
XECHEM RETAINS PHARM-OLAM AND HYMAN, PHELPS AND McNAMARA FOR HEMOXIN™ IND
Biotech Turnaround Guru, William Pursley, Named Vice-Chairman Of Xechem International
Xechem Receives Phase I NIH Grant for Treatment of Sickle Cell Disease with Niprisan -Hemoxin-
Xechem's Sickle Cell Drug, NIPRISAN -HEMOXIN- Granted Orphan Drug Status by the FDA
XECHEM ANNOUNCES LAUNCH OF NICOSAN™ (formerly “Niprisan”)
XECHEM FORMS XECHEM PHARMACEUTICALS NIGERIA LTD.
138,000,000 NEW RECORD VOLUME ---- XKEM HISTORY !!!!!!Thanks Bristol Myers for your 4,200,000 !!!!!
138,000,000 NEW RECORD VOLUME ---- XKEM HISTORY !!!!!!Thanks Bristol Myers for your 4,200,000 !!!!!
New PR from Nord Oil (NDOL): "Russian Oil Industry Hits New Highs:Nord Oil Propelled" (from Market Wire)
KEY CKEI SUMMARY POINTS (more detail farther below in box):
(1) CKEI, through its wholly owned subsidiary, Clickableoil.com, is the first Internet-based home heating oil company. As per new 5/05 Profile and Fact Sheet below(prepared by MCC Financial) and as publicly stated by CEO and COO, NEW PLANS TO EXPAND BUSINESS PLAN to replicate its internet sales, pricing and delivery model TO OTHER FORMS OF ENERGY such as electricity and natural gas, as well as ALTERNATIVE ENERGY as per point (6) below (Re: expansion, note recent engagement of James Group Marketing as per 5/05 PR - see JGM's website and see quick sales/profits results of other companies after JGM was hired)
(2) As per 5/05 Profile and Fact Sheet below (prepared by MCC Financial), due to unique, proprietary and flexible internet business model, NEW PLANS TO EXPAND FROM MAINE TO VIRGINIA (from current NY, NJ, CT, PA serving area).
(3) ONLY 9 MILLION IN FLOAT - See 5/2/05 PR - only 77 million shares outstanding, of which 68 million are owned by insiders founders and family who are committed to the long-term success of the Company and are currently subject to lock-up agreements
(4) CKEI IS NEW TO OTC AND PPS WAS 60c FEW MONTHS AGO - brought down on vey low volume and just now starting to be discovered
(5) TURNING A PROFIT FROM ITS OPERATIONS (excluding debt incurred as result of going public) - From 5/31/05 newspaper article on their website, CKEI had "revenues of $2.4 million in fiscal 2005, which ended in March, a 33 percent increase over a year earlier. The partners say the company, which has not announced its full fiscal 2005 results yet, is turning a profit from its operations"
(6) (Also SEE CKEI POST #98 BELOW regarding New Energy Bill and impact on CKEI, including NEW GOVT CONTRACTS) ALTERNATIVE ENERGY PLAY - from its website, "the company offers BIOHEAT - the alternative cleaner burning fuel. CKEI was commissioned by the New York State Energy Research and Development Authority to conduct a market research project in this area. Several factors have recently changed the pricing dynamics of Biodiesel as compared to traditional fuels such as oil, such as recent tax incentives for Biodiesel, which took effect on January 1 2005; The U.S. Department of Agriculture estimates that the current volume of 30 million gallons of Biodiesel sold in 2004 will increase to 124 million gallons sold annually in the coming years. This number may increase further based on factors such as the price and availability of oil.
(7) A number of newsletters and stock profiling services now starting to discover CKEI (SEE CKEI POST #98 BELOW which gives CKEI $1.00 PPS TARGET).
FACT SHEET AND PROFILE:
FACT SHEET (prepared by MCC Financial)
http://www.clickableoil.com/ClickableFactSheet.pdf
[Non-text portions of this message have been removed]
NEWS OUT !!!!!.......CKEI INSIDER BUYING!!!! CHECK LINKS
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3948395
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=3948350
CKEI ------- ALERT STRONG BUY --------LOOK CHART-------Easy 0.10 cents
http://stockcharts.com/def/servlet/SC.web?c=CKEI,uu[m,a]daclyyay[da][pb50!b200][vc60][iUb14!La12,26,...
CKEI //// Very Undervalue 100 % to win ///////// NEXT LEVEL 0.04 CENTS ....//////Prize Target 0.10 cents...P/S 0.86.....
KEY CKEI SUMMARY POINTS
(1) CKEI, through its wholly owned subsidiary, Clickableoil.com, is the first Internet-based home heating oil company. As per new 5/05 Profile and Fact Sheet below(prepared by MCC Financial) and as publicly stated by CEO and COO, NEW PLANS TO EXPAND BUSINESS PLAN to replicate its internet sales, pricing and delivery model TO OTHER FORMS OF ENERGY such as electricity and natural gas, as well as ALTERNATIVE ENERGY as per point (6) below (Re: expansion, note recent engagement of James Group Marketing as per 5/05 PR - see JGM's website and see quick sales/profits results of other companies after JGM was hired)
(2) As per 5/05 Profile and Fact Sheet below (prepared by MCC Financial), due to unique, proprietary and flexible internet business model, NEW PLANS TO EXPAND FROM MAINE TO VIRGINIA (from current NY, NJ, CT, PA serving area).
(3) ONLY 9 MILLION IN FLOAT - See 5/2/05 PR - only 77 million shares outstanding, of which 68 million are owned by insiders founders and family who are committed to the long-term success of the Company and are currently subject to lock-up agreements
(4) CKEI IS NEW TO OTC AND PPS WAS 60c FEW MONTHS AGO - brought down on vey low volume and just now starting to be discovered
(5) TURNING A PROFIT FROM ITS OPERATIONS (excluding debt incurred as result of going public) - From 5/31/05 newspaper article on their website, CKEI had "revenues of $2.4 million in fiscal 2005, which ended in March, a 33 percent increase over a year earlier. The partners say the company, which has not announced its full fiscal 2005 results yet, is turning a profit from its operations"
(6) (Also SEE CKEI POST #98 BELOW regarding New Energy Bill and impact on CKEI, including NEW GOVT CONTRACTS) ALTERNATIVE ENERGY PLAY - from its website, "the company offers BIOHEAT - the alternative cleaner burning fuel. CKEI was commissioned by the New York State Energy Research and Development Authority to conduct a market research project in this area. Several factors have recently changed the pricing dynamics of Biodiesel as compared to traditional fuels such as oil, such as recent tax incentives for Biodiesel, which took effect on January 1 2005; The U.S. Department of Agriculture estimates that the current volume of 30 million gallons of Biodiesel sold in 2004 will increase to 124 million gallons sold annually in the coming years. This number may increase further based on factors such as the price and availability of oil.
(7) A number of newsletters and stock profiling services now starting to discover CKEI (SEE CKEI POST #98 BELOW which gives CKEI $1.00 PPS TARGET).
FACT SHEET AND PROFILE:
FACT SHEET (prepared by MCC Financial)
http://www.clickableoil.com/ClickableFactSheet.pdf
[Non-text portions of this message have been removed]
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Llamadas a fijos y móviles desde 1 céntimo por minuto.
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QOIL AMEP UPDA CKEI AOGS ..... MY PICK
NDOL is the play for tomorrow - filing out today - 5 mil. in revenues in the last quarter and this:
CAPITAL NEEDS
We do not anticipates that we will be required to raise additional capital since current cash flow is sufficient to meet ongoing business operation.
Huge oil play, huge revenues and no dilution.
KEY CKEI SUMMARY POINTS (more detail farther below in box):
(1) CKEI, through its wholly owned subsidiary, Clickableoil.com, is the first Internet-based home heating oil company. As per new 5/05 Profile and Fact Sheet below(prepared by MCC Financial) and as publicly stated by CEO and COO, NEW PLANS TO EXPAND BUSINESS PLAN to replicate its internet sales, pricing and delivery model TO OTHER FORMS OF ENERGY such as electricity and natural gas, as well as ALTERNATIVE ENERGY as per point (6) below (Re: expansion, note recent engagement of James Group Marketing as per 5/05 PR - see JGM's website and see quick sales/profits results of other companies after JGM was hired)
(2) As per 5/05 Profile and Fact Sheet below (prepared by MCC Financial), due to unique, proprietary and flexible internet business model, NEW PLANS TO EXPAND FROM MAINE TO VIRGINIA (from current NY, NJ, CT, PA serving area).
(3) ONLY 9 MILLION IN FLOAT - See 5/2/05 PR - only 77 million shares outstanding, of which 68 million are owned by insiders founders and family who are committed to the long-term success of the Company and are currently subject to lock-up agreements
(4) CKEI IS NEW TO OTC AND PPS WAS 60c FEW MONTHS AGO - brought down on vey low volume and just now starting to be discovered
(5) TURNING A PROFIT FROM ITS OPERATIONS (excluding debt incurred as result of going public) - From 5/31/05 newspaper article on their website, CKEI had "revenues of $2.4 million in fiscal 2005, which ended in March, a 33 percent increase over a year earlier. The partners say the company, which has not announced its full fiscal 2005 results yet, is turning a profit from its operations"
(6) (Also SEE CKEI POST #98 BELOW regarding New Energy Bill and impact on CKEI, including NEW GOVT CONTRACTS) ALTERNATIVE ENERGY PLAY - from its website, "the company offers BIOHEAT - the alternative cleaner burning fuel. CKEI was commissioned by the New York State Energy Research and Development Authority to conduct a market research project in this area. Several factors have recently changed the pricing dynamics of Biodiesel as compared to traditional fuels such as oil, such as recent tax incentives for Biodiesel, which took effect on January 1 2005; The U.S. Department of Agriculture estimates that the current volume of 30 million gallons of Biodiesel sold in 2004 will increase to 124 million gallons sold annually in the coming years. This number may increase further based on factors such as the price and availability of oil.
(7) A number of newsletters and stock profiling services now starting to discover CKEI (SEE CKEI POST #98 BELOW which gives CKEI $1.00 PPS TARGET).
FACT SHEET AND PROFILE:
FACT SHEET (prepared by MCC Financial)
http://www.clickableoil.com/ClickableFactSheet.pdf
ALERT CKEI CKEI CKEI ------------ UP 30% READY TO 0.04 CENTS --------- WIN 50% Easy
ClickableOil Reports Revenue Boost and Increase in Gallons Sold for December
Monday January 30, 8:30 am ET
MOUNT VERNON, N.Y.--(BUSINESS WIRE)--Jan. 30, 2006--Clickable Enterprises, Inc. (OTCBB:CKEI - News), the first Internet-based home heating oil company, announced today that its wholly owned subsidiary ClickableOil.com, Inc. has reported another record month of revenue and gallons sold in December. Revenue increased by 160% in December to $969,000 from $373,000 as compared to the same period last year. The number of gallons sold increased by 79% to 428,000 from 239,000.
ADVERTISEMENT
Nicholas Cirillo, Jr., president of Clickable Enterprises said, "We are pleased to report to our shareholders December's increase in revenue and gallons sold, which stems from improved marketing efforts, an increased customer base, and current market conditions. As part of our business strategy, our management team has committed itself to growing the company and providing service excellence to our customers through low-cost essential heating oil products and services."
Management expects to publish sales and revenue growth for the nine month period ended December 31, 2005 over the next few weeks.
About Clickable Enterprises, Inc.
Clickable Enterprises, through its wholly owned subsidiary, ClickableOil.com, Inc., is the first Internet-based home heating oil company to offer customers affordable home heating oil and related services. Based in Mount Vernon, New York, ClickableOil.com specializes in price control, risk management and product positioning, leaving the oil delivery and services to specially chosen vendors. The company currently operates in New York, New Jersey, Pennsylvania and Connecticut, and has a license to operate in Maryland. It continues to grow geographically along the East coast. For more information, please visit www.clickableoil.com.
This release and oral statements made from time to time by the Company's representatives concerning the same subject matter may contain "forward looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. These statements can be identified by introductory words such as "expects," "plans," "intends," "believes," "will," "estimates," "forecasts," "projects" or words of similar meaning, and by the fact that they do not relate strictly to historical or current facts. Many factors may cause actual results to differ from forward-looking statements, including inaccurate assumptions and a broad variety of risks and uncertainties, some of which are known and others of which are not. Known risks and uncertainties include those identified from time to time in the reports filed by the Company with the Securities and Exchange Commission, which should be considered together with any forward looking statement. No forward looking statement is a guarantee of future results or events, and one should avoid placing undue reliance on such statements.
Contact:
Clickable Enterprises, Inc.
Nicholas Cirillo, Jr., 914-699-5190
Source: Clickable Enterprises, Inc.
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CKEI ALERT STRONG BUY !
Stockwire.com: The Movers and Shakers Blog, Part 3
MIAMI, Jan 26, 2006 (M2 PRESSWIRE via COMTEX) -- We like stocks trading big dollar value volume! A very interesting indicator to look for is where the money is flowing into. We have a filter that we watch every morning that shows us "Dollar Volume". We also like stocks that are trading at bargain prices. As of 10:30AM, a couple of these stocks are: (OTCBB: ITEK), (OTCBB: CKEI), (OTCBB: IGMI), (OTCBB: URNZ)
To feature your publicly traded company in our alerts, email us at getfeatured@stockwire.com
Immediatek, Inc.'s wholly owned subsidiary DiscLive, is the independent leader in recording live content and making it available immediately after the event. DiscLive is the pioneer in the quickly growing market of live discs made available immediately after a live event. The company is expanding its business rapidly as the live disc and media phenomena continues to grow. The company has completed tours from Vermont to California as well as in Canada and the United Kingdom, with its state-of-the-art mobile recording and production facilities (MRDF) that can produce 1,000 high quality CDs in less than 20 minutes, and recently introduced "instant" DVD products. The Dallas-based company is headed by musician and entrepreneur Zach Bair, CEO, who is also CEO and founder of parent company Immediatek, Inc. (OTCBB:ITEK).
Clickable Enterprises, through its wholly owned subsidiary, ClickableOil.com, Inc., is the first Internet-based home heating oil company to offer customers affordable home heating oil and related services. Based in Mount Vernon, New York, ClickableOil.com specializes in price control, risk management and product positioning, leaving the oil delivery and services to specially chosen vendors. The company currently operates in New York, New Jersey, Pennsylvania and Connecticut, and has a license to operate in Maryland. It continues to grow geographically along the East coast.
Idaho General Mines, Inc. is an American mineral exploration company specializing in advanced-stage molybdenum projects. Idaho General holds the Mount Hope Project in central Nevada which contains one of the largest molybdenum-porphyry deposits in the world, 920 million metric tonnes of mineralized material that will produce about 1.3 billion pounds of recoverable molybdenum during its 53-year lifetime. The Idaho General portfolio contains additional advanced-stage, high-potential molybdenum, copper, and gold projects throughout the western United States. Idaho General is led by a highly-qualified technical and financial management team.
Uranerz Energy Corporation is a natural resource company engaged in the acquisition, exploration and development of properties in the uranium sector. The Company has an experienced team of mining executives, many of whom are former senior management and employees of the original Uranerz Exploration and Mining group of companies. The Company also has an Advisory Board that consists entirely of ex-Uranerz Exploration and Mining professionals. Uranerz Exploration and Mining was acquired by Cameco in 1998.
As a trader, a very intelligent place to put your money, is where the money is flowing into. When you get into stocks that are trading millions of dollars within the first 30-60 minutes of the market being open, chances are you will be able to get out of your position without hurting the stock. These are the kind of trades that you want to get into.
As the saying goes...follow the money!
To see the complete Movers & Shakers Blog go to: http://www.stockwire.com .
Stockwire.com is an online financial destination where investors can go to research new investment ideas. We are focused on finding emerging growth companies that do not necessarily have widespread analyst coverage on Wall Street. The site also provides investors with full coverage of quotes, charts, and news for all publicly listed stocks in the U.S.
Investors are advised that this analysis is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy. This report does not have regard to the specific investment objectives, financial situation and the particular needs of any specific person who may receive this information. The information contained herein is based on sources that we believe to be reliable but is not guaranteed by us as being accurate and does not purport to be a complete statement or summary of the available data. Past performance is no guarantee of future results. Please consult a broker before purchasing or selling any securities mentioned on http://www.stockwire.com Any opinions expressed herein are statements of our judgment as of the date of publication and are subject to change without notice. Reproduction without written permission is prohibited.
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Stockguru.com: Guru Alerts for Thursday, January 26, 2006 QTEK, CKEI, BLRV, MOBL.
Dallas, Texas, Jan 26, 2006 (M2 PRESSWIRE via COMTEX) -- Stock Guru Alerts for Thursday include Quintek Technologies, Inc. (OTCBB: QTEK), Clickable Enterprises, Inc. (OTCBB:CKEI), Bullion River Gold Corporation (OTCBB:BLRV), and MobilePro Corporation (OTCBB:MOBL).
To feature your publicly traded company in our alerts, email feature@stockguru.com or call (469)252-3034 and we will gladly send more information on featuring your company with StockGuru.com.
Quintek Technologies, Inc. (OTCBB: QTEK) traded as much as 3.33% over open on Wednesday.
To view the Stock Guru Profile for Quintek Technologies, Inc. please visit: http://www.stockguru.com/profiles/qtek/ Quintek Technologies, Inc. (OTC BB:QTEK.OB - News), through its wholly owned subsidiaries Quintek Services, Inc. (QSI), and Sapphire Consulting Services, Inc., provides services to enable Fortune 500 and Global 2000 corporations to reduce costs and maximize revenues. QSI delivers Business Process Outsourcing (BPO) services and solutions that enable companies to secure and manage their key data processing demands with optimal efficiency and minimal costs. As a next-generation technology company, Quintek is unhindered by outdated information technology systems, and thus is able to deploy best-of-breed solutions in all aspects of BPO. The Aberdeen Group, a provider of IT market intelligence, forecasts 13% annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion. Sapphire Consulting Services, Inc. offers a broad range of supply chain management consulting services. Sapphire assists organizations to create a higher level of customer satisfaction, enhance supply chain capability and achieve consistent competitive advantage through reduced product cost, reduced inventory investment and improved supply chain security. A study by IDC found the SCM services market will expand from $26.1 billion in 2002 to $40.5 billion in 2007, representing a five-year compound annual growth rate (CAGR) of 9.2% For more information, visit http://www.quintek.com. Clickable Enterprises, Inc. (OTCBB:CKEI) traded as much as 17.75% over open on Wednesday.
Clickable Enterprises, through its wholly owned subsidiary, ClickableOil.com, Inc., is the first Internet-based home heating oil company to offer customers affordable home heating oil and related services. Based in Mount Vernon, New York, ClickableOil.com specializes in price control, risk management and product positioning, leaving the oil delivery and services to specially chosen vendors. The company currently operates in New York, New Jersey, Pennsylvania and Connecticut, and has a license to operate in Maryland. It continues to grow geographically along the East coast. For more information, please visit www.clickableoil.com
Bullion River Gold Corporation (OTCBB:BLRV) traded as much as 10.34% over open on Wednesday.
Bullion River Gold Corp. is an American-based mineral exploration company focusing on regions containing gold-silver deposits predominantly located in the Western United States. The company has seven properties of which five are located in Nevada. Three of these properties are considered advanced projects and two are considered grassroots projects. The two remaining properties are in California. Both of these properties are past producers.
For more information, contact Leann Pinguelo, Investor Relations at Bullion River Gold Corp. at (800) 540-BLRV (2578) or at leann@bullionriver.com or visit the Company's website at www.bullionriver.com or the U.S. Securities & Exchange Commission's website at www.sec.gov/ to review Bullion River's latest filings.
MobilePro Corporation (OTCBB:MOBL) closed down at .20%, trading 6,223,004 shares on Wednesday.
MobilePro Corp. is one of North America's leading wireless broadband companies, serving over 20,000 wireless broadband customers through its subsidiaries NeoReach Wireless and Kite Broadband. The company, based in Bethesda, Md., is focused on creating shareholder value by acquiring and growing profitable telecommunications companies, developing innovative wireless technologies and forging strategic alliances with well-positioned companies in complementary product lines and industries. MobilePro serves more than 200,000 total customers throughout the United States with a broad array of telecommunications services.
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StockGuru.com features daily alerts going out three times daily to members. To join our email alert list, please visit: http://www.stockguru.com/stocks.htm To feature your publicly traded company in our alerts, or to discuss our complete services, please contact: John Pentony at (469) 252-3034. Our services include our Morning, Midday and After The Bell News Releases. Additionally we Profile publicly traded companies on our web site, we do interviews with CEO's or other key executives on our web site, and we have our financial writers cover our companies.
Those interested may also email: feature@stockguru.com and we will gladly send more information on featuring your company with StockGuru.com.
Stockguru.com ("SG") provides its members with the latest news, press releases, and research reports for all the companies highlighted on the site. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected", "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies= annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and SG undertakes no obligation to update such statements.
Disclosure: Quintek Technologies, Inc. (OTCBB: QTEK) Pasadena Capital Partners and our affiliates have been compensated $72,000 and 1.5 million shares of restricted 144 stock for profile coverage. Neither Pasadena Capital Partners nor our affiliates are registered investment advisers or broker/dealers. Pasadena Capital Partners makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
CONTACT: John Pentony, Publisher Tel: +1 469 252 3034 e-mail: feature@stockguru.com
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Stockguru.com: Guru Alerts for Thursday, January 26, 2006 QTEK, CKEI, BLRV, MOBL.
Dallas, Texas, Jan 26, 2006 (M2 PRESSWIRE via COMTEX) -- Stock Guru Alerts for Thursday include Quintek Technologies, Inc. (OTCBB: QTEK), Clickable Enterprises, Inc. (OTCBB:CKEI), Bullion River Gold Corporation (OTCBB:BLRV), and MobilePro Corporation (OTCBB:MOBL).
To feature your publicly traded company in our alerts, email feature@stockguru.com or call (469)252-3034 and we will gladly send more information on featuring your company with StockGuru.com.
Quintek Technologies, Inc. (OTCBB: QTEK) traded as much as 3.33% over open on Wednesday.
To view the Stock Guru Profile for Quintek Technologies, Inc. please visit: http://www.stockguru.com/profiles/qtek/ Quintek Technologies, Inc. (OTC BB:QTEK.OB - News), through its wholly owned subsidiaries Quintek Services, Inc. (QSI), and Sapphire Consulting Services, Inc., provides services to enable Fortune 500 and Global 2000 corporations to reduce costs and maximize revenues. QSI delivers Business Process Outsourcing (BPO) services and solutions that enable companies to secure and manage their key data processing demands with optimal efficiency and minimal costs. As a next-generation technology company, Quintek is unhindered by outdated information technology systems, and thus is able to deploy best-of-breed solutions in all aspects of BPO. The Aberdeen Group, a provider of IT market intelligence, forecasts 13% annual growth for the BPO industry through 2005, when the market is projected to reach $248 billion. Sapphire Consulting Services, Inc. offers a broad range of supply chain management consulting services. Sapphire assists organizations to create a higher level of customer satisfaction, enhance supply chain capability and achieve consistent competitive advantage through reduced product cost, reduced inventory investment and improved supply chain security. A study by IDC found the SCM services market will expand from $26.1 billion in 2002 to $40.5 billion in 2007, representing a five-year compound annual growth rate (CAGR) of 9.2% For more information, visit http://www.quintek.com. Clickable Enterprises, Inc. (OTCBB:CKEI) traded as much as 17.75% over open on Wednesday.
Clickable Enterprises, through its wholly owned subsidiary, ClickableOil.com, Inc., is the first Internet-based home heating oil company to offer customers affordable home heating oil and related services. Based in Mount Vernon, New York, ClickableOil.com specializes in price control, risk management and product positioning, leaving the oil delivery and services to specially chosen vendors. The company currently operates in New York, New Jersey, Pennsylvania and Connecticut, and has a license to operate in Maryland. It continues to grow geographically along the East coast. For more information, please visit www.clickableoil.com
Bullion River Gold Corporation (OTCBB:BLRV) traded as much as 10.34% over open on Wednesday.
Bullion River Gold Corp. is an American-based mineral exploration company focusing on regions containing gold-silver deposits predominantly located in the Western United States. The company has seven properties of which five are located in Nevada. Three of these properties are considered advanced projects and two are considered grassroots projects. The two remaining properties are in California. Both of these properties are past producers.
For more information, contact Leann Pinguelo, Investor Relations at Bullion River Gold Corp. at (800) 540-BLRV (2578) or at leann@bullionriver.com or visit the Company's website at www.bullionriver.com or the U.S. Securities & Exchange Commission's website at www.sec.gov/ to review Bullion River's latest filings.
MobilePro Corporation (OTCBB:MOBL) closed down at .20%, trading 6,223,004 shares on Wednesday.
MobilePro Corp. is one of North America's leading wireless broadband companies, serving over 20,000 wireless broadband customers through its subsidiaries NeoReach Wireless and Kite Broadband. The company, based in Bethesda, Md., is focused on creating shareholder value by acquiring and growing profitable telecommunications companies, developing innovative wireless technologies and forging strategic alliances with well-positioned companies in complementary product lines and industries. MobilePro serves more than 200,000 total customers throughout the United States with a broad array of telecommunications services.
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Those interested may also email: feature@stockguru.com and we will gladly send more information on featuring your company with StockGuru.com.
Stockguru.com ("SG") provides its members with the latest news, press releases, and research reports for all the companies highlighted on the site. SG utilizes information believed to be reliable herein prepared all material. The information contained herein is not guaranteed by SG to be accurate, and should not be considered to be all-inclusive. The owner, publisher, editor and their associates are not responsible for errors and omissions. They may from time to time have a position in the securities mentioned herein and may increase or decrease such positions without notice. Any opinions expressed are subject to change without notice. SG encourages readers and investors to supplement the information in these reports with independent research and other professional advice. All information on featured companies is provided by the companies profiled, or is available from public sources and SG makes no representations, warranties or guarantees as to the accuracy or completeness of the disclosure by the profiled companies or the information contained herein. The companies that are discussed in this opinion have not approved the statements made in this opinion. This opinion contains forward-looking statements that involve risks and uncertainties. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. SG is not a licensed broker, broker dealer, market maker, investment banker, investment advisor, analyst or underwriter. Please consult a broker before purchasing or selling any securities viewed on http://www.Stockguru.com or mentioned herein.
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Disclosure: Quintek Technologies, Inc. (OTCBB: QTEK) Pasadena Capital Partners and our affiliates have been compensated $72,000 and 1.5 million shares of restricted 144 stock for profile coverage. Neither Pasadena Capital Partners nor our affiliates are registered investment advisers or broker/dealers. Pasadena Capital Partners makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market for their securities, investing in such securities is highly speculative and carries a high degree of risk.
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Stockwire.com: The Movers and Shakers Blog, Part 3
MIAMI, Jan 26, 2006 (M2 PRESSWIRE via COMTEX) -- We like stocks trading big dollar value volume! A very interesting indicator to look for is where the money is flowing into. We have a filter that we watch every morning that shows us "Dollar Volume". We also like stocks that are trading at bargain prices. As of 10:30AM, a couple of these stocks are: (OTCBB: ITEK), (OTCBB: CKEI), (OTCBB: IGMI), (OTCBB: URNZ)
To feature your publicly traded company in our alerts, email us at getfeatured@stockwire.com
Immediatek, Inc.'s wholly owned subsidiary DiscLive, is the independent leader in recording live content and making it available immediately after the event. DiscLive is the pioneer in the quickly growing market of live discs made available immediately after a live event. The company is expanding its business rapidly as the live disc and media phenomena continues to grow. The company has completed tours from Vermont to California as well as in Canada and the United Kingdom, with its state-of-the-art mobile recording and production facilities (MRDF) that can produce 1,000 high quality CDs in less than 20 minutes, and recently introduced "instant" DVD products. The Dallas-based company is headed by musician and entrepreneur Zach Bair, CEO, who is also CEO and founder of parent company Immediatek, Inc. (OTCBB:ITEK).
Clickable Enterprises, through its wholly owned subsidiary, ClickableOil.com, Inc., is the first Internet-based home heating oil company to offer customers affordable home heating oil and related services. Based in Mount Vernon, New York, ClickableOil.com specializes in price control, risk management and product positioning, leaving the oil delivery and services to specially chosen vendors. The company currently operates in New York, New Jersey, Pennsylvania and Connecticut, and has a license to operate in Maryland. It continues to grow geographically along the East coast.
Idaho General Mines, Inc. is an American mineral exploration company specializing in advanced-stage molybdenum projects. Idaho General holds the Mount Hope Project in central Nevada which contains one of the largest molybdenum-porphyry deposits in the world, 920 million metric tonnes of mineralized material that will produce about 1.3 billion pounds of recoverable molybdenum during its 53-year lifetime. The Idaho General portfolio contains additional advanced-stage, high-potential molybdenum, copper, and gold projects throughout the western United States. Idaho General is led by a highly-qualified technical and financial management team.
Uranerz Energy Corporation is a natural resource company engaged in the acquisition, exploration and development of properties in the uranium sector. The Company has an experienced team of mining executives, many of whom are former senior management and employees of the original Uranerz Exploration and Mining group of companies. The Company also has an Advisory Board that consists entirely of ex-Uranerz Exploration and Mining professionals. Uranerz Exploration and Mining was acquired by Cameco in 1998.
As a trader, a very intelligent place to put your money, is where the money is flowing into. When you get into stocks that are trading millions of dollars within the first 30-60 minutes of the market being open, chances are you will be able to get out of your position without hurting the stock. These are the kind of trades that you want to get into.
As the saying goes...follow the money!
To see the complete Movers & Shakers Blog go to: http://www.stockwire.com .
Stockwire.com is an online financial destination where investors can go to research new investment ideas. We are focused on finding emerging growth companies that do not necessarily have widespread analyst coverage on Wall Street. The site also provides investors with full coverage of quotes, charts, and news for all publicly listed stocks in the U.S.
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Upda Rsi near Sell Area 34 35 36 37 .......
I'm all over TRX (very large long position)
http://biz.yahoo.com/prnews/051221/daw014.html?.v=43
http://biz.yahoo.com/prnews/060124/nytu100.html?.v=37
GETC is the best of breed by far do your D&D folks;)
BYCX---NEWS--UP 1.05--Congrats to those in--1.05--Oh wow!!
Petro Resources Corporation Announces Successful Wells
1/23/2006
HOUSTON, TX, Jan 23, 2006 (MARKET WIRE via COMTEX) --
Petro Resources Corporation, ("the Company") (OTC: PRCT) today announced drilling successes in two wells operated by Bayou City Exploration (OTC BB: BYCX); the Mary Lyne #1 located in Live Oak County, Texas and the Hilda Henry #1 located in Jefferson Davis Parish, Louisiana. The wells have been logged, formation tested, evaluated and cased for completion operations. The Company has elected to participate in the completion attempts. It is anticipated that the wells will be completed and sales commenced during the first quarter of 2006. The Company has a 25% working interest in the Mary Lyne #1 and a 12.5% working interest in the Hilda Henry #1.
The Company also announced that its four successful Frio wells are all on currently completed and producing. The last well in the Frio program is waiting for a drilling rig to commence operations. From its inception to present, the Company has participated is six successful exploratory wells out of seven attempts.
About Petro Resources Corporation:
Petro Resources Corporation is an independent exploration and production company focused on domestic lease acquisitions, exploration, and oil and gas production.
Iron please give your picks
Tks
thewall2006---Congrats on your new board!!!
And Wow!!! V. Timely---much info and much $$$$
comin' from this area!!
Best trading!!!
What--a great time to be in the market!!!
Smiles,
O
UPDA Strong BUY PICK UP NOW .... Ready to run to $1
UPDA 0.34 12% UP cents in EUROPE . 0.295 13.5% UP in New York premarket .... ready to run to 0.40 .... News Out another well
Canyon Creek Completes Project in South Markley Field in Young County, Texas -- Another Oil and Gas Well to Be Turned to Production
Canyon Creek Oil & Gas Inc. (A joint venture of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) and USProduction & Exploration, LLC. (USPX), a privately held Company) has completed its revitalization efforts in the South Markley Field in Young County, Texas and today its #2 Prideaux well will be brought on line. The #2 Prideaux was completed in February 1982 flowing 300 mcfgpd from the Marble Falls formation at 4,798'. The Marble Falls formation is a prolific oil and gas producer in the state and in the immediate area. It is estimated the reserves remaining total 548,000 mcfg. Canyon Creek has equipped the #2 Prideaux with a Quincy 270 vacuum pump compressor and the Company is waiting for the gas purchaser to modify its metering system so it can deliver additional gas to the pipeline. Canyon Creek expects the gas production will increase significantly once the Quincy pump is turned on today. Sunoco will purchase the oil from the #2 Prideaux, and
Targa Midstream Services, Ltd., who bought Dynegy Midstream Services, is the named purchaser for the natural gas. Once Targa Midstream modifies its metering site today, Canyon Creek will turn on the Quincy pump to move the casing head gas to the pipeline. The Company will monitor and report daily oil and gas sales to UPDA who provided the funds for the project. The #2 Prideaux is located in the South Markley Field about 12 miles north of Graham, Texas. With the completion of this project, Canyon Creek now has wells producing in 3 fields with additional wells to be brought on line within days. About UPDA Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies. For additional information visit: www.universalpropertydevelopment.com. About
CCOG Canyon Creek Oil & Gas Inc. was formed in July 2005 as a joint venture corporation for the purpose of acquiring currently producing oil and gas properties, low risk drilling prospects and existing wells in need of state-of-the-art technology to improve profitability. Canyon Creek Oil and Gas Inc. now has over 60 wells located on more than 2,000 acres in the Fort Worth basin. The Company has also acquired properties located in Inez Field in Victoria County and Giddings Gas Field in Fayette County, Texas. Canyon Creek continues a revitalization program on all of its properties in order to improve production and bring more wells on line. About USPX USProduction & Exploration, LLC, an independent production and exploration company located in Sugar Land, Texas, is engaged in the acquisition of oil and gas producing properties with multiple enhancement opportunities. USPX seeks high quality exploration drilling projects in conventional and unconventional reservoirs. The
Company's approach to developing depleted reservoirs and unconventional gas is innovative: it combines horizontal, multilateral, with under balanced drilling methods. Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Universal Property Development and Acquisition Corporation Bradford Moore, 561-630-2977 (Investor Relations) info@updac.com
UPDA 0.34 cents in EUROPE . 0.26 in New York premarket .... ready to run to 0.40 .... News Out another well
Canyon Creek Completes Project in South Markley Field in Young County, Texas -- Another Oil and Gas Well to Be Turned to Production
Canyon Creek Oil & Gas Inc. (A joint venture of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) and USProduction & Exploration, LLC. (USPX), a privately held Company) has completed its revitalization efforts in the South Markley Field in Young County, Texas and today its #2 Prideaux well will be brought on line. The #2 Prideaux was completed in February 1982 flowing 300 mcfgpd from the Marble Falls formation at 4,798'. The Marble Falls formation is a prolific oil and gas producer in the state and in the immediate area. It is estimated the reserves remaining total 548,000 mcfg. Canyon Creek has equipped the #2 Prideaux with a Quincy 270 vacuum pump compressor and the Company is waiting for the gas purchaser to modify its metering system so it can deliver additional gas to the pipeline. Canyon Creek expects the gas production will increase significantly once the Quincy pump is turned on today. Sunoco will purchase the oil from the #2 Prideaux, and
Targa Midstream Services, Ltd., who bought Dynegy Midstream Services, is the named purchaser for the natural gas. Once Targa Midstream modifies its metering site today, Canyon Creek will turn on the Quincy pump to move the casing head gas to the pipeline. The Company will monitor and report daily oil and gas sales to UPDA who provided the funds for the project. The #2 Prideaux is located in the South Markley Field about 12 miles north of Graham, Texas. With the completion of this project, Canyon Creek now has wells producing in 3 fields with additional wells to be brought on line within days. About UPDA Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies. For additional information visit: www.universalpropertydevelopment.com. About
CCOG Canyon Creek Oil & Gas Inc. was formed in July 2005 as a joint venture corporation for the purpose of acquiring currently producing oil and gas properties, low risk drilling prospects and existing wells in need of state-of-the-art technology to improve profitability. Canyon Creek Oil and Gas Inc. now has over 60 wells located on more than 2,000 acres in the Fort Worth basin. The Company has also acquired properties located in Inez Field in Victoria County and Giddings Gas Field in Fayette County, Texas. Canyon Creek continues a revitalization program on all of its properties in order to improve production and bring more wells on line. About USPX USProduction & Exploration, LLC, an independent production and exploration company located in Sugar Land, Texas, is engaged in the acquisition of oil and gas producing properties with multiple enhancement opportunities. USPX seeks high quality exploration drilling projects in conventional and unconventional reservoirs. The
Company's approach to developing depleted reservoirs and unconventional gas is innovative: it combines horizontal, multilateral, with under balanced drilling methods. Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Universal Property Development and Acquisition Corporation Bradford Moore, 561-630-2977 (Investor Relations) info@updac.com
UPDA 0.34 cents in EUROPE . 0.26 in New York premarket .... ready to run to 0.40 .... News Out another well
Canyon Creek Completes Project in South Markley Field in Young County, Texas -- Another Oil and Gas Well to Be Turned to Production
Canyon Creek Oil & Gas Inc. (A joint venture of Universal Property Development and Acquisition Corporation (OTCBB:UPDA) and USProduction & Exploration, LLC. (USPX), a privately held Company) has completed its revitalization efforts in the South Markley Field in Young County, Texas and today its #2 Prideaux well will be brought on line. The #2 Prideaux was completed in February 1982 flowing 300 mcfgpd from the Marble Falls formation at 4,798'. The Marble Falls formation is a prolific oil and gas producer in the state and in the immediate area. It is estimated the reserves remaining total 548,000 mcfg. Canyon Creek has equipped the #2 Prideaux with a Quincy 270 vacuum pump compressor and the Company is waiting for the gas purchaser to modify its metering system so it can deliver additional gas to the pipeline. Canyon Creek expects the gas production will increase significantly once the Quincy pump is turned on today. Sunoco will purchase the oil from the #2 Prideaux, and
Targa Midstream Services, Ltd., who bought Dynegy Midstream Services, is the named purchaser for the natural gas. Once Targa Midstream modifies its metering site today, Canyon Creek will turn on the Quincy pump to move the casing head gas to the pipeline. The Company will monitor and report daily oil and gas sales to UPDA who provided the funds for the project. The #2 Prideaux is located in the South Markley Field about 12 miles north of Graham, Texas. With the completion of this project, Canyon Creek now has wells producing in 3 fields with additional wells to be brought on line within days. About UPDA Universal Property Development and Acquisition Corporation (OTCBB:UPDA) focuses on the acquisition and development of proven oil and natural gas reserves and other energy opportunities through the creation of joint ventures with under-funded owners of mineral leases and cutting-edge technologies. For additional information visit: www.universalpropertydevelopment.com. About
CCOG Canyon Creek Oil & Gas Inc. was formed in July 2005 as a joint venture corporation for the purpose of acquiring currently producing oil and gas properties, low risk drilling prospects and existing wells in need of state-of-the-art technology to improve profitability. Canyon Creek Oil and Gas Inc. now has over 60 wells located on more than 2,000 acres in the Fort Worth basin. The Company has also acquired properties located in Inez Field in Victoria County and Giddings Gas Field in Fayette County, Texas. Canyon Creek continues a revitalization program on all of its properties in order to improve production and bring more wells on line. About USPX USProduction & Exploration, LLC, an independent production and exploration company located in Sugar Land, Texas, is engaged in the acquisition of oil and gas producing properties with multiple enhancement opportunities. USPX seeks high quality exploration drilling projects in conventional and unconventional reservoirs. The
Company's approach to developing depleted reservoirs and unconventional gas is innovative: it combines horizontal, multilateral, with under balanced drilling methods. Statements contained in this press release that are not based upon current or historical fact are forward-looking in nature. Such forward-looking statements reflect the current views of management with respect to future events and are subject to certain risks, uncertainties, and assumptions. Should one or more of these risks or uncertainties materialize or should underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, or described pursuant to similar expressions.
Universal Property Development and Acquisition Corporation Bradford Moore, 561-630-2977 (Investor Relations) info@updac.com
PBLS..A monster ready to explode into double digits....Over 250 million revenues with about 600million O/S...
Check them out only .041 cents now.
GO PBLS
Iran Sanctions Could Drive Oil Past $100
Sunday January 22, 6:39 pm ET
By Brad Foss and George Jahn, Associated Press Writers
Oil Could Top $100 a Barrel if U.N. Imposes Sanctions on Iran Over Nuclear Program
A surge in oil prices last week to almost $70 a barrel on concerns about the restart of Iran's nuclear program only hints at what may lie ahead.
Prices could soar past $100 a barrel, experts say, if the U.N. Security Council authorizes trade sanctions against the Middle Eastern nation, which the West accuses of trying to make nuclear bombs, and Iran curbs oil exports in retaliation. A sharp global economic slowdown could follow.
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That's the dilemma the United States and European nations face as they decide whether to act. But Iran would also pay a hefty price if the petro-dollars that now represent 80 percent of export revenues are reduced, potentially stirring civil unrest in a nation with a 14 percent unemployment rate.
"They would shoot themselves in the foot," said Mustafa Alani, director of national security and terrorism studies at the Dubai-based Gulf Research Center. "It's one thing to test the market psychology, it's another to take the actual step and stop oil exports."
Iran, the second-largest oil producer within the Organization of Petroleum Exporting Countries, exports roughly 2.5 million barrels per day -- 1 million barrels more than current excess production capacity worldwide. It also controls the strategic Strait of Hormuz, a critical shipping lane in the Middle East.
"Even if Iran pulled a small amount of its oil off the market, say it pulled a half million barrels a day, I could see oil prices literally jumping over the $100 per barrel mark," said James Bartis, a senior researcher at Rand Corp.
But other oil analysts say prices would likely not climb much higher than $75 a barrel before strategic reserves would be released and demand would begin to taper off as economic activity slowed around the world.
So who would be hurt more? The United States and other nations say it would be Tehran and argue against succumbing to economic blackmail in any case. "We cannot be intimidated by economic threats from their side," Sen. Trent Lott, R-Miss, told CNN.
The U.S. Department of Energy estimates that oil exports finance about half of the Iranian government's budget. And while high oil prices have boosted the annual growth rate to about 5 percent, Iran has never really recovered from its 1980-1988 war against Iraq and trade restrictions on sensitive technologies. The Iran Nonproliferation Act, which the U.S. Congress passed in 2000, deters international support for Iran to develop nuclear, chemical and biological weapons programs and missile-delivery systems.
For weeks, Iran's state television has sought to show a people united behind the leadership, showing passer-by on Tehran city streets expressing their support for the country's strivings for nuclear independence.
Still, Alani of the Gulf Research Center questioned "whether the ordinary citizens will be willing to risk sanctions and endure a lot of suffering like the Iraqis suffered for 13 years" under U.N. sanctions.
Oil consuming nations, meanwhile, have at least one ace up their sleeves -- crude reserves. The United States and other members of the International Energy Agency have a combined 1.48 billion barrels of oil in their emergency stocks. That's equivalent to about 600 days of Iran's net oil exports of 2.4 million barrels per day.
OPEC might be able to add 1.5 million barrels per day to world production, mostly from Saudi Arabia. And oil analyst Fadel Gheit at Oppenheimer & Co. in New York said Russia might be able to crank up exports by about 500,000 barrels once its domestic home-heating demand eases.
Gregory L. Schulte, chief U.S. delegate to the International Atomic Energy Agency, accused Iran last week of deceiving the world about its atomic program, declaring that moves to haul it before the U.N. Security Council were meant to deny "the most deadly of weapons to the most dangerous of countries."
His comments were part of increasing international pressure on Iran since it removed seals from uranium enrichment equipment earlier in the month and said it would start small scale work on the process that can make both fuel and the fissile core of nuclear warheads.
"It's a very difficult situation where you don't know which side is going to blink first," said Leonard Spector, deputy director of the Monterey Institute of International Studies' Center for Nonproliferation Studies.
It's also not clear the United States could win a referral on sanctions at the Security Council, where members Russia and China are Iran's main allies. Both have strong economic and strategic ties to Iran, with China a large oil consumer and drilling partner and Russia a key supplier of arms and nuclear technology and services for what Tehran says is a peaceful program. Additionally, oil-rich Russia would benefit from higher prices and increased demand for its crude if Iran's oil were off the market.
Influential India, which imports 75 percent of the crude it consumes, some from Iran, is a wild card in the referral struggle.
It joined the U.S., Britain, France and Germany in September to back an IAEA resolution that set the stage for reporting Iran for violating the Nuclear Nonproliferation Treaty. But pressure is building on the Indian government not to vote against Iran when the 35-nation IAEA board meets Feb. 2 to consider actual referral.
"India must not allow itself to be dragooned into joining the Washington-led nuclear lynch mob against Iran," The Hindu, one of India's most influential newspapers, cautioned Thursday. "Aside from the lack of any legal basis for threatening Iran with sanctions, India should consider what the U.S. pressure on Tehran will do to international oil prices as well as to the overall security scenario in West Asia."
The United States and its allies are thought to have the majority behind them on any vote for referral. Still they would like to see India, China and Russia on board -- all three countries carry weight among other IAEA board nations, and Moscow and Beijing have a vote on the Security Council on what to do about Iran, once it is referred.
Associated Press Writers Alex Nicholson in Moscow, Constant Brand in Brussels, Laurence Frost in Paris, Nirmala George in New Delhi and Ali Akbar Dareini in Tehran contributed to this report. Brad Foss reported from Washington, George Jahn from Vienna, Austria.
OIL start UP 23-01-2006
1/23/2006 Session Overview
Last Open
High Open
Low High Low Most Recent
Settle Change
Mar 2006 68.66 68.45 68.45 68.73 68.35 68.48 0.18
April 2006 69.11 68.93 68.93 69.21 68.93 68.96 0.15
May 2006 69.45 0.00 0.00 69.45 69.28 69.29 0.16
June 2006 69.67 69.70 69.70 69.70 69.67 69.54 0.13
July 2006 69.80 0.00 0.00 69.80 69.80 69.74 0.06
Aug 2006 70.17 0.00 0.00 70.17 70.01 69.88 0.29
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UPDA AFTER MARKET 28.8
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