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Gapper: VLO & Tanker: NWSA
Hopefully yall are right, I remembered that chart because he predicted both the market & gold to go down together? I thought that sounded odd, or crazy rather. I'm new Mr. Neely's work, though he came highly recommended from a friend. Anyway, I just read the post on gold & thought that I would mention it.
I'll refer you to post #144
Glenn Neely, one of the best Market Forecasters around, says that Gold has already peaked and it is in the process of finishing up its top or going down. He sees gold falling well below $1,000. Below is the chart he used to make the forecast. I would use caution on gold, at least until it forms a new high, then load the wagons.
Treaty Energy's [TECO] recent financial report reveals that the company is producing at a rate below 10 BOPD with less than 25,000 Barrels of crude reserves, yet TECO maintains a market-cap above $25,000,000.00. The stock is HIGHLY overvalued, and many accuse TECO management of self-dealing, misleading or lying to shareholders, and various other questionable activities. I encourage you to consider opening a short position whenever you see a spike in share price.
Take a look at this brief article linked below. I think it is time to start migrating some funds into the Oil and Gas Sector.
http://rt.com/usa/news/us-iran-2013-israel-361/
I would also stay away from the E&Ps exploring in the Kurdistan Region of Northern Iraq.
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DNR - Denbury Resources showed positive movement last week on low volume. I'm interested in learning what will happen Monday. If we see a small correction, then it might be a good opportunity to go long.
Denbury has an asset that is often overlooked by analysts because they don't claim any reserves from the asset. Denbury bought out a company 3-4 years ago to acquire their CO2 assets in the Rocky Mountains. This purchase also came with 250K acres that are prospective for the Tuscaloosa Marine Shale. These leases were then sold to Encana, but Denbury retained a 15% working interest in the leases. Encana is now on the verge of establishing economic production from the TMS. It is rumored that Shell is going to buy 50% of Encana's interest in the TMS. Shell Representatives have been seen touring the production facilities & pipeline terminals in the area.
Anyway, I'm looking for a good entry point into DNR, and I hope I have not missed it.
Take a look at this brief article linked below. I think it is time to start migrating some funds into the Oil and Gas Sector.
http://rt.com/usa/news/us-iran-2013-israel-361/
I would also stay away from the E&Ps exploring in the Kurdistan Region or Northern Iraq.
DNR - Denbury Resources showed positive movement last week on low volume. I'm interested in learning what will happen Monday. If we see a small correction, then it might be a good opportunity to go long.
Denbury has an asset that is often overlooked by analysts because they don't claim any reserves from the asset. Denbury bought out a company 3-4 years ago to acquire their CO2 assets in the Rocky Mountains. This purchase also came with 250K acres that are prospective for the Tuscaloosa Marine Shale. These leases were then sold to Encana, but Denbury retained a 15% working interest in the leases. Encana is now on the verge of establishing economic production from the TMS. It is rumored that Shell is going to buy 50% of Encana's interest in the TMS. Shell Representatives have been seen touring the production facilities & pipeline terminals in the area.
Anyway, I'm looking for a good entry point into DNR, and I hope I have not missed it.
I don't understand why you would want to go see the wells in west TX.
They do not have enough potential to matter (According to the records). Same thing with Louisiana, & east TX. You can Look up the historical production on wells in these fields & see that TECO is wasting their time & money. You will get 100 times more information online from The TX RRC & LDNR than you will ever get from walking around a drilling location.
Below is an Annotated Chart of IMH:
More Insiders selling on 19 November @ $11.38/share and on 16 November @ $12.46/share... If Insiders don't think that IMH can hold these levels for long, then I am inclined to agree with them...
However, If the economy picks back up in 2013 & we see 3-4 months of sustained growth in the housing sector, IMH will be worth a good long look, but I do not see an entry above $8.00 to be practical at this point in time...
I hope everyone had a great Thanksgiving... Chart Below:
I'm really liking oil right now too... I'll be looking for above average plays to take advantage of the coming oil rally... I don't think the Isreali cease-fire will hinder crude for long... Oil is really strongright now & I belie e going back above $95 for WTI... Longerterm view, I look for MAJOR problems in the middle east in 2013.
Something tells me to steer clear of all the E&Ps who have been finding success in the Zagros fold belt of Khurdistan (Norther Iraq)... WZGRF & GUKYK are tempting me to go long, especially since Exxon just accepted 6 large concessions from the Khurds & Exxon usually make really good exploration decisions (as does Noble). GUKYF just proved their 2nd 'giant' field discover, with the well testing @ >4000 BOPD. Thei first discovery was actually a 'super-giant' field with over 12 Billion Barrels of reserves. Strangely, it got little press on the united states. Kurdistan's Zagros fold belf houses an unprecedented amount of undiscovered oil, enough to possibly disrupt global supply/demand in 5-10 years, driving prices down (along with increases in production from various other regions).
Unfortunately, concessions awarded by the local Kurdish Gov are not recognized by the Iraqi Government (this is why exxon's move is interesting). There are also no pipelines at the present, though GUKYF has been itching to pay pipelines anywhere they can get approval, haha. Finally, the proximity to Iran and the general, regional instability is very troubling to me... I also feel like Rissia is dying to gain mid east influence, wreak havoc, and ultimately shut down the straight of Hormuz - which is why I feel that the US invaded Iraq on the 'WMD' pretext during the 2nd gulf war...
I really want to get in on these companies, as I see a huge upside being possible in the longterm. I just don't know if it is worth the risk...
Sorry no charts...
Gapper= ENVI, Tanker= SHLD, good luck... I'm glad you did well with SHPG, Icon. I hope you pocketed more than I off the deal... Y'all have a nice Thanksgiving...
come on folks, that HUGE increase in Reserves (not production) represents a whopping 22,495 barrels of crude oil reserves (assuming $85/barrel). This is not something that I would recommend that you boast about. In fact, I've never seen reserve estimates that were not in the millions of barrels. This is truly laughable. There are 2 ways to increase the value of an oil & gas company: 1 is by production to generate revenue, and 2 is by increasing your reserves. TECO has failed on both fronts, 7 BOPD production, gas that can't be sold to the pipeline without costly production systems to remove the water, and less than 25K barrels of reserves.
You would be hard pressed to find a company out there who has every reported such low reserves numbers. 25K barrels, truly remarkable.
NYSE:IMH - looks like it's headed below $10.00
Does it not anger you that TECO is diluting at such a high rate that your shares are loosing 30.667% of thei equity per quarter? If you started the quarter with 100K shares, then not only did the value drop due to the share price falling, but 100K shares at the end of the quarter are only equal to 69.4K shares at the beginning of the quarter with regard to how much of the company they represent. Does this not upset you that TECO's management is so drastically inexperienced that it has cost you 30% of your stake on the company in just the last quarter alone?
Why do I say they are inexperienced?
-The most basic & simple oilfield related task befuddles them.
-They have never completed a single project, not one in over two years.
-They pay over $10K/acre for leases that are worth less than $500.00/acre (not mention that they paid that overpriced sum to themselves, self dealing.
-Their Press Releases make wild, and wreckless claims & production forecasts. None of which have ever been reached.
-They announce deals involving pad drilling and 1500 BOPD production per pad & then do not have the common courtesy to make an announcement when the deal falls through.
-They announce discoveries & then convieniently forget to collect evidence of said discovery.
-I'm goo g to stop there, but this list is endless
You do not have to continue loosing 30% of your equity per quarter, there are alternative energy stocks that do not dilute & have competent professionals serving in management positions.
Regarding the GoB not allowing TECO to release information - why are they allowing companies with better prospects containing 100 times the reserves claimed by TECO to release information yet holding back on TECO's meager 'discovery'? You can write this down: the way this company is managed, if there was oil in Belize you would have confirmation whether the GoV wanted the info released or not.
SHPG - this looks like it may be a good chance to go long. It looks like adderall & vyvance may be approved for European use, & they are being tested in the US to help stop beng eating.
Vyvance is the greatest drug I've ever used. It is a performance enhancing drug for the mind, and the side- effects are that you are skinny, more active, & more productive.
I appologize, I do not have the capability to post the associate chart at this time...
Have a great Thanksgiving!!!
total stockholder's equity of $928,075.00 - this supports a share price of $0.001/share. This suggest that TECO is overvalued at the present share price by 2500%. None of the prospects ( Belize, east/west Texas, Louisiana ) are capable of yielding enough production to save Treaty at this point. Treaty will need to reload their pool of prospects or start interviewing bankruptcy lawyers.
It will take a day or two, but pretty soon this will start selling off. It is only a matter of time before TECO has to resume dilution to pay salaries, etc.
Seemed like a nice morning to pickup a few more shares... I think that these $0.30ish shares are in a very limited supply.
You might be interested in TPNL if you can get in around $0.30. This will pop soon with or without news.
Sorry, don't have the means to post charts at this time...
IMH, I covered just below $12 for a small gain this morning, what do you guys see this doing?
IMH is going down!!!
As you routinely point out, SIOR is not fully reporting - please refer to the stickied post no. 8127. WIth this piece of knowledge, is it does not seem reasonable and perhaps a bit disingenuous to ask other posters what the PV-10 Value is on SIOR's reserves.
Interesting post, unbelievable amount of dilution, & for the cherry on top, don't forget about the 50,000,000 share employee stock program. I guess treaty's 4-5 employees gave themselves about 10,000,000 shares each for there performance -??? Not a bad bonus for reaching 7 BOPD in 2 years, what would they have given themselves if Treaty had actually been successful?
NYSE:IMH - going below $10/share soon, great opportunity to take a short position. Good luck!
Treaty has filed an extension on ther 3Q financials - looks like they want to release the filings during a holiday week so that there will be fewer professionals working to scrutinize their financials.
Do you think this is because they have good numbers to announce or bad numbers?
At least they are planning to file, assuming they can talk an auditor into agreeing with their creative accounting techniques.
Looks like Treaty has called in both the 'A' and 'B' squad cheerleaders to keep shareholders from jumping ship.
Buckle-up everyone, it's going to be all downhill from here.
CF: $230 short-term, $260 long-term targets... They use nitrogen from air as a feedstock to make fertilizer... Pretty darn stable growth from chart, building new plant, just announced that they are hiring new peoples which sounds like jobs... Perhaps I should send My resume'...
This tip came from Charles Payne on FOX Business, who makes good trades, IMHO....
Impulse - the only possible way that IMH has a $100,000,000.00 market-cap... IMHO, somewhere around $35,000,000.00 would be more believable...
CMG's market cap is still way too high, imo
It is getting exciting here at DBRM.
According to td's research of woolrich wells, they will never produce meaningfull production. It seems to me that the successfull oil companies wouldn't be chasing such meager production .
I think that oil companies who succeed rely on experience, management and proper due diligence, not "Luck" as suggested in a previous post.