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Very nice October surprise. I have some reading to do over the weekend. All aboard....:)
Oilbull...i think they call it a October surprise :)
I agree...$2-3.00 is a fair price for what ARET has accomplished. The MM's can't even fill a 2000 buy...they have to naked short it. They are anxiously waiting as well...I would bet that large investors...institutions...hedge funds...even new Board members, might start buying heavily after the S-1a is released...
Either on the train when it leaves the station or not...
But I also agree...when higher production...joint ventures...etc..are realized, like aquisitions...we will take off much faster...just to get to a fair value in the industry PE....
Patience...key to investing...
Tom..I think the 8k-a is the prelude to the s-1a. But...if such little volume moved us to this level, what do you think heavy volume will do :) There is so much more of an upside here then downside. Pure and simple...and the traders that might have made money on the downside here...will also make money on the upside. Just more to be made on the upside now...especially with all the news we expect to be coming our way.
Trading at what..2 times earnings, to date?? LOL...come on...patience will be rewarded,,IMO...
slow and steady wins the race...
I don't know it it would be required for shareholder approval. However, who would oppose that. Let's see what happens when the shares are called in for AMEX...can't go naked on AMEX, Shares will need to be in hands first...
always darkest before the dawn. I agree..we will bounce back..and fast
And with the Ryder report...our value will simply increase as the price of oil rises...and Domestic, is key over the next 20 years and beyond..especially with fossil fuels...
Higher...IMO
Nice to see Rubber gone...
Especially since more production will be coming from that state :)
Never read anything about Ohio.
Man oh man...the posters are going crazy today. I wonder if the shorts got wind of the pending news :)
Seems those characters can't find anything to do with their time but post and post such BS. They must be lonely...or maybe, they heard something about the S-1 :)
Hmmmmmmmmm....I would hate to be short when the S-1 becomes effective
next stop...AMEX
Tickets to the ballgame? On sale right now...35 cents....and remember, sales never last forever :)
Go ARET
Everyone take a look at SFLY... 13 cents in earnings...PE of 220...close to 50% short interest in stock...40 million OS...
then look at ARET....trading at what I expect us to beat this year in earnings...only 8 Mill OS...I beat as much short interest, only naked...(Big difference)
and we don't need to create anything...manufacture anything...market a product...
That was done over 40 million years ago. new technologies can tap once unrecoverable reserves...Domestic need for energy source other then mideast...reserves...earnings...leases...increased production...joint ventures...new board directors...getting ready for AMEX
When the S-1 becomes effective...new ballgame...IMO
I say ARET is ready to explode to the upside....
One never knows...but, management might have suspected that the S-1 might take longer then expected...and give them time, and silence, to emerge in a much stronger position...
Just because we're in the quiet period...business continues...and who knows what they have accomplished during this quiet period.
Surf..I'm confused. I thought Bonehead and Doggie said ARET was trying to go private? I thought they said that ARET had no wells to drill? or that they had no money to even try to drill? Am I wrong in my thinking somehow? I'm really confused now...I thought that until they paid some property tax, they weren't a real company?? Now..I'm really at a lost. I also thought that ARET could never put out any filing...so, whats up with this thing called an 8-k? Doggie said they never file anything with the SEC...
wow...I better think again about this company. And what is this thing called a "short" ? Bonehead head has posted so many times that ARET has no shorts...i don't know what to do...
Hmmmmmmmm
Still waters run deep. Like management, they both don't seem to be distracted from the BS. My guess is they have a MACRO picture of not only the size of a company they want to be...and how to get there..but, at the appropriate time, they will address the manipulation by certain posters on the boards. Notice how they never mention the Oil and Gas ARET owns...and the leases in WY where mid size oil companies are finding huge flows of sweet crude. I still think these guys have a rabbit up their sleeve...and they don't put out BS pr's to try and boost the price. The trading is easy to see...unless a novice. Slow and steady wins the race.
Never turn an investment into a trade...and never turn a trade into an investment. ARET is an investment...pure and simple...High risk...High reward :)
Seems the paid bashers are out in full force these days. They keep talking to themselves...lol. I can remember when Boney said ARET would never get any deal because they can't pay property taxes. Then they could never file an K or Q. Then, they said no legit company would ever say they had oil...then comes the ryder report...then they said, they would never have revenues or earnings...
I think they made their point very clear...
I picked up those 2000 shares yesterday. Imagine...they had to short them to give them to me. LOL...yeah, there's no stock out there...wait till the buying comes in...and we get effective...we open up new wells..aquisitions...joint ventures...higher production...higher earnings..tight float...rising OIL and Gas...and then the IRAN card...persian gulf...
Just like some look back at 8.00 and are depressed and angry that they never sold...the same will look back at 30 cents and kick themselves even more...trading at nearly years expected earnings?? LOL
Christmas came early this year :)
Good luck Longs!
I would guess that insiders would not be allowed to buy during the quiet period. just like new board members...thus, the price drifts. But remember Tom, this is a rather low float to have what we already have in reserves. And yes, I agree..it won't take much to move us higher...just like it doesn't take much to bring us lower. The S-1 will make this legit in the eyes of the real money...perhaps why the mm's and bashers are working overtime to induce selling. When deep pockets come in..hedge funds..retail brokerage houses...and the bombing starts in IRAN and oil runs to 250.00 barrel...
my guess, we'll be alot alot higher...till then, I'm buying...
go ARET!
I think that those "characters" must think that while the S-1 is in review...everything stops. LOL..for all we know, management has been very shrewd to use the S-1 as cover to complete certain deals, so that when they become effective...we might have higher production along with so many other pending issues. per the CC. No one knows. Only the insiders do. Until then, it's a wait game. But, if you can't see the risk/reward at this point with ARET, well, then you either have an agenda, are just depressed that you didn't sell at 8.50, or just plain stupid. If you look at Apple...it traded within a very tight range for 15 years...same for MSFT...same for most stocks...we might have over shot on the upside, but, we are way under valued on the down side. Trading at years earnings...lol..
3-4 is a fair price today...we'll get there. And if news is as good as we believe it will be..it won't take much time either :)
But remember Tom..we have assets, RYDER SCOTT very legit study...why wouldn't ARET be able to borrow against Oil and Gas?? And a very hot area these days...who knows, maybe even alot of private money willing and eager to put money into ARET. My guess...the real big players...new money...are waiting to get thru the SEC S-1...then, we're off...
But...come on...we're trading at almost our earnings...this is so manipulated...and provides a great buying opportunity IMO...
Couldn't have said it better Surf. Insiders seem VERY confident. And we still are waiting for new directors to join. Imagine when they get aboard...their influence in the Oil and Gas industry could sprout a lot of buying too...
Go ARET!
Anyone have any thoughts about the timing of getting the S-1 effective? Having the entire summer to get Kansas, financing, Texas aquisition. WY joint ventures...all per Don's CC's...I would assume that they have alot of news to release after the S1a...anyone else share my thinking?
Bought many the weeks before...and a few more this week. people seem to forget that we have reserves, that increase in value as OIL and Gas go up...revenues..earnings...leases...more drilling on way..aquisitions..joint ventures...and 30 cents?? LOL..IMHO..this is the last chance to get aboard the ARET express...
GO ARET! S1a should be out soon..I would think. Then tons of pent up news...all per CC's.
Higher Oil and gas prices too...looking forward to the s-1a and then news!!
No news is good news :)
I've been buying Level...it's all in the filings :)
Patience is rewarded...
A watched pot never boils...
Can't see the forest for the trees...
Slow and steady wins the race...
You can lead a horse to water, but you can't make him drink...
Blinded by the light...
It's the oyster that is irritated by the grain of sand that produces the pearl...
then read the filings...study the trading...open your eyes to the global need for Oil and Gas...then think of Domestic production and earnings...acquisitions...joint ventures...reserves alone worth way more then current stock value...and a small float...
no news is good news :)
IMO
Well..I know some buyers today of cheap paper...me, being one of the buyers. Thank you...this price is a gift :) IMO
I'm with you level..and who knows what they are going to announce after the registration become effective...Don mentioned Kansas..texas..and joint ventures in WY...never know, but they might have a way to get close to .60 by end of year with news and production that only they know about...
They certainly seem to be focused and getting us producing more..earning more...and acquiring more.
But..we are way oversold...and that is clear to see and understand why.
Yes...it certainly is. 4 months and counting till we qualify on all fronts. And with Oil heading back towards 100.00...and coming out of the "quiet period" shortly, per CC...i think the Fall is going to be a nice ride back to a fairer value...
Have a great weekend also...
My guess is we are getting close..per the last CC. I would imagine, that any company that has been able to clean themselves up...aquire Oil and Gas leases in the hottest areas in the country...have production, revenues and earnings...cash in the bank..basically, a complete turn around and coming off the pinks. My guess...they are going thru the S-1 with a fine tooth comb...but, these guys have a master plan..and the nonsense that is thrown around doesn't distract them. And remember, if this was a scam my friends...why take all the time to release you're doing things correctly. All the scams I ever seen trade, fall back to earth a lot quicker then 18 months..and aren't a real reporting company that is current..or have leases...etc...all they usually do is put out a PR a day stating of all the contracts and ficticious revenues they have...
Don't see that here with ARET. it's one thing to not like the risk/reward of a stock..but, to try and mislead people...intentionally..and then boast on the board over some's misfortune...well, I would say...they have a lot more to worry about in life then the price of a stock...which, by any common standard reflection of fair market value...would recognize we are way over sold at this level...
And they want to go private?? LOL...makes sense as to why they have spent time and money and applied to the AMEX...too funny.
Looking good...been in it for a while now. Wish I picked up more in the 3's...but, I think we're headed to $8-$10...
You're correct Tick. These guys are doing it right and it takes time. Oil is already $20.00 higher a barrel from last quarters average price, and being smart, Don held back some Oil for sale till a higher price this quarter. That seems like a very smart and prudent CEO to me. And yes, he explained why he couldn't say anything about all the info we've been waiting for...it's the SEC S-1 that requires them to be quiet. But...he also said he expects to be able to start mentioning a lot of progress on all fronts, when legally he is allowed to talk about those points, in the next several weeks...
Always calm before the storm...always darkest before the dawn.
I'm in! Very long and strong! Go ARET!
And for the poster who corrected me about the price of VOG today. My numbers were pre-split. Of course it's not trading at 11.00...but, if you correct the share count to price, then you'll understand the point I was making. No need to fabricate a story...
Oh..and I'm limited to 1 post a day now. All the negative posters can post and post..but those who want to discuss ARET, are now limited to one post. Does that tell anyone anything? LOL
It was short and sweet. Much going on behind the scenes it seems to me. Don was very cautious not to mention anything while the S-1 was still in the SEC hands. he did mention joint ventures in WY ( huge reserves around that area) and , we all understand that Oil was trading lower during the 2nd quarter..so, that wasn't a surprise. he mentioned 3 Banks are in the running for credit...and VERY close. Along with a credit line.
Now..this is where the believers and whiners separate. Even by any standard anyone uses, we are WAY over sold. And I liked the explanation of the shares form the convertable preferred. Can't until 3.30...forced at 4.25...
These guys I believe are holding a few rabbits up their sleeve, that they aren't, and can't, yet mention..IMO anyway. But, come on..do you really think even with the leases and wells they hold, we're way way over sold.
I'm in...and Don also thinks it's just a few weeks away until he can mention the new board members...acquisitions..joint ventures...etc...
A great buy to me. And when we're back at 5.00...everyone will say, would of, should of. I will say, I was smart to buy a lot more under .80....
And yes...we'll get to AMEX...look at VOG...10 times the number of shares...and no earnings. They (taking into account the shares) traded as high as 30.00..and is now at 11.00...
I think ARET will be fine. And, you don't make money by looking in the rearview mirror.
Go ARET!
Hi Tick..if I remember correctly, the last CC Don had said that they would have @500,000 is revenues due this quarter, that was pumped in 1st quarter...correct in that ?
Hey Level...think we'll have the registration effective by CC?
So do I Tick. I am sure that the SEC is going thru the filing with a fine tooth comb...being the remarkable progress to date and plans to the future growth of the company. And being that we are in the quiet period, no news is obvious. However, to me, it doesn't mean that they haven't been completing what the last few CC's said was in the works...and using the quiet period to come out a even stronger and larger company...ready for the AMEX. Something surely is in the works...and the registration is just the first required step I'm sure to us getting there..
Would be great to get the S1a with huge developments from the last time we heard...they might have planned this quiet period for a real surprise...never know, but..a REAL possibility...
good luck to all the longs!
let's all remember how this "SCAM" is unfolding. After all, all we see the insider filings of selling and constant dilution of stock. NOT. We see PR after PR of such good news of increased production and now are at 3,000 barrels today...NOT. And of course, the SHINEY flyers pumping ARET on a weekly basis. NOT. And the trading volume that is created on a daily basis, so the insiders and MM's get paid is so easily seen. NOT. Oh, and the WY property which is on land where other Oil and Gas companies are getting 1,000 barrels of light sweet crude, ripe for joint venture or revenue sharing, are NOW producing with EXXON and are expected to bring total production to over 7,000 barrels a day by end of 2013...with revenues expected to be over 50,000,000 2013...with projected revenues of 80,000,000 by 2015...NOT. Oh, and let's exchange our debt at 8.00 share, because we run such a great scam, that we should try and scam ourselves. NOT. And let;s take our pay in worthless stock, where, we won't sell it...only beat it down to death. NOT.
Is this the scam everyone talks about??
Perhaps the dates were hopeful, but, they have always delivered. these guys didn't work this hard, this long for .60/share. They see the future and you either believe or not. It's as simple as that. I'm long and strong! Good luck to all that are...
The company has acquired properties include current production of approximately 150 Barrel Oil Equivalents per Day (BOEPD) or 63,875 BOE on an annualized basis. Expected 2011 Drilling Plans include: Drill five wells in the Big Bow Field; Drill two wells in Smokey Creek; Refrac three wells in the Walsh Field; and Recomplete two wells in School Creek.
The Company expects to refrac and recomplete eight School Creek wells and drill three School Creek wells on a joint venture basis for an estimated cost of $5.15 million. With the additional expected production, we expect 1,665 BOE daily production or an annualized production of 387,630 BOE exiting 2012.
Donald Prosser, CEO of Arete Industries, said, "We are excited to begin executing on our drilling program to increase revenues and shareholder value. To maximize this opportunity, we have a lot of information to evaluate and decisions to be made. We expect to have a medium term plan by mid-summer and we our also exploring horizontal oil and gas joint ventures."
The agreement includes an operating agreement for the continued operations of the properties by the current operator, a company owned by Charles B. Davis, a director of the Company. The properties were purchased from a company owned by Charles Davis and its affiliates.
Donald Prosser, CEO of Arete Industries stated: "We are pleased to announce the completion of this significant acquisition for Arete Industries. These oil and gas properties have good productivity and we believe they have significant opportunity to drill out the acreage for a relatively small amount of capital outlay. With this acquisition we expect to seek high double-digit revenue growth over the next few years as we execute on a drilling program."