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AMEP
(Gold4us) Dec 13, 12:56
AMEP is going on its sixth straight strong up day on higher volume. Whether it does any retesting or not, it looks go to go.
http://stockcharts.com/h-sc/ui?s=amep&p=D&st=2004-12-14&id=p15555091361&a=71782470&a...
http://stockcharts.com/h-sc/ui?s=AMEP&p=D&st=2001-01-19&id=p18043375449&a=77381758
On Goldrunner's chart the next resistance should be at about 10c. If it breaks through that into the main channel, then we're looking at $1-$1.30 by March or so.
AMEP
(Gold4us) Dec 13, 12:56
AMEP is going on its sixth straight strong up day on higher volume. Whether it does any retesting or not, it looks go to go.
http://stockcharts.com/h-sc/ui?s=amep&p=D&st=2004-12-14&id=p15555091361&a=71782470&a...
http://stockcharts.com/h-sc/ui?s=AMEP&p=D&st=2001-01-19&id=p18043375449&a=77381758
On Goldrunner's chart the next resistance should be at about 10c. If it breaks through that into the main channel, then we're looking at $1-$1.30 by March or so.
AMEP
(Gold4us) Dec 13, 12:56
AMEP is going on its sixth straight strong up day on higher volume. Whether it does any retesting or not, it looks go to go.
http://stockcharts.com/h-sc/ui?s=amep&p=D&st=2004-12-14&id=p15555091361&a=71782470&a...
http://stockcharts.com/h-sc/ui?s=AMEP&p=D&st=2001-01-19&id=p18043375449&a=77381758
On Goldrunner's chart the next resistance should be at about 10c. If it breaks through that into the main channel, then we're looking at $1-$1.30 by March or so.
AMEP
(Gold4us) Dec 13, 12:56
AMEP is going on its sixth straight strong up day on higher volume. Whether it does any retesting or not, it looks go to go.
http://stockcharts.com/h-sc/ui?s=amep&p=D&st=2004-12-14&id=p15555091361&a=71782470&a...
http://stockcharts.com/h-sc/ui?s=AMEP&p=D&st=2001-01-19&id=p18043375449&a=77381758
On Goldrunner's chart the next resistance should be at about 10c. If it breaks through that into the main channel, then we're looking at $1-$1.30 by March or so.
AMEP
(Gold4us) Dec 13, 12:56
AMEP is going on its sixth straight strong up day on higher volume. Whether it does any retesting or not, it looks go to go.
http://stockcharts.com/h-sc/ui?s=amep&p=D&st=2004-12-14&id=p15555091361&a=71782470&a...
http://stockcharts.com/h-sc/ui?s=AMEP&p=D&st=2001-01-19&id=p18043375449&a=77381758
On Goldrunner's chart the next resistance should be at about 10c. If it breaks through that into the main channel, then we're looking at $1-$1.30 by March or so.
From the GE's Gold Forum:
AMEP
(Gold4us) Dec 13, 12:56
AMEP is going on its sixth straight strong up day on higher volume. Whether it does any retesting or not, it looks go to go.
http://stockcharts.com/h-sc/ui?s=amep&p=D&st=2004-12-14&id=p15555091361&a=71782470&a...
http://stockcharts.com/h-sc/ui?s=AMEP&p=D&st=2001-01-19&id=p18043375449&a=77381758
On Goldrunner's chart the next resistance should be at about 10c. If it breaks through that into the main channel, then we're looking at $1-$1.30 by March or so.
.062 baby!
Soon to be support!
Nelderand just posted a solid commentary on RB's AMEP Board. The more I read his work on the Gold Forum (in regard to PMs), the more I appreciate his insights on this facinating little O&G operation.
Monday, Dec. 4
U.S. Senate reconvenes.
10 a.m.: Securities and Exchange Commission meets to vote on regulations concerning short-selling and manipulation in connection with public offerings, at SEC headquarters.
AMEP bottombuster chart from Powerscan Charts board:
http://www.investorshub.com/boards/read_msg.asp?message_id=15066163
Has anyone received their rounded up shares yet?
Man, don't be "left hanging"; use these days for smart buying. With PRs this thing will double in nothing flat.
I like the concept of buying low and selling high. These last few weeks have been golden opportunities to add a lot of shares at bargin prices and I have! I, for one, wouldn't mind having another month or two at these prices to add more, but if the time arrives for CB to begin the stream of positive PRs -- and we all know, especially our naysayers that it'll happen at some point in the coming months -- you won't hear me whining about missed opportunities. So, in the spirit of Thanksgiving, a sincere thanks to anyone who has made this buying opportunity possible.
Excellent summary, mom2jbk.
OT
A closing thought for tonight...
For a couple years I've been blaming being tired on lack of sleep, old age, not enough rest, too much pressure taking care of everything, car, house, yard, BAD WEATHER, poor blood or anything else I could think of.
But now I found out the real reason: I'm tired because I'm overworked.
Here's why:
The population of this country is 273 million.
140 million are retired. That leaves 133 million to do the work.
There are 85 million in school. Which leaves 48 million to do the work.
Of this there are 29 million employed by the federal government.
Leaving 19 million to do the work.
2.8 million are in the armed forces preoccupied with killing Osama
Bin-Laden.
Which leaves 16.2 million to do the work.
Take from that total the 14.8 million people who work for state and city governments.
Which leaves 1.4 million to do the work.
At any given time there are 188,000 people in n hospitals.
Leaving 1,212,000 to do the work.
Now, there are 1,211,998 people in prisons.
That leaves just two people to do the work - you and me. And there you are, sitting on your ass, at your computer, reading jokes. Nice. Real nice.
Regards,
Jim
Tiger, has Scottrade provided you with a copy of everything they have sent to the T/A? I have requested these materials in writing, but have not yet received them.
Dallas, just wondering if you have taken a look at AMEP and compared it to the potential of Pilgrim Petroleum? I appreciate your posts and DD.
Thanks very much , Lawrenzo.
What has been of primary interest to me is comparing AMEP and MXXR on various levels. It looks to me that AMEP is ready (with additional positive news that will hopefully follow on today's 10-Q release) to make a BGO-like move. Though not yet invested in MXXR, I think it should do well in the intermediate term.
OT: I've been following MXXR for a while and comparing it to what is going on with AMEP. I thought some of you, too, might be interested in taking a look at a recent post by "Goldrunner", which I will paste below:
A comparison of AMEP's sideways movement to that of an earlier sideways movment of BGO. BGO came out of the formation to make a strong run, upward, for about a 4x move. If AMEP does the same, the increased volatility in the stock, accompanied by the similar angled overhead resistance could/ should create a much bigger than 4x move, IMO.
The first chart below is of BGO. I have circled a 3 candle sequence. The next weekly move is to new lows, then a reversal higher. We see almost the exact same 3 candle sequence in AMEP. Will we get the reveral higher this week?
Also not that the sideways moves in BGO and AMEP are very equal, symmetrical, have very similar moving average relationships, and extremely similar TA indicator movements. All of this increases the likelihood of AMEP trading upward much like BGO did "on a rail", should decent news be announced.
Since these sideways movements are so similar, a count of time suggests that an AMEP break-out would likely occur in in the next month. It will be news driven, of course.
All of the above is only my opinion based on the chart formation I remembered from the BGO chart. Charts, below.......
BGO.............
http://stockcharts.com/h-sc/ui?s=BGO&p=W&st=2002-02-02&en=2003-08-01&id=p35527090286....
AMEP.............
http://stockcharts.com/h-sc/ui?s=AMEP&p=W&st=2005-08-02&id=p49796437913&a=82455564
Nothing says that the pattern cannot break down, but my money is on an eventual large upmove. For me, it is a risk/ reward thingy. Please do you own due diligence before taking any investment positions.
Goldrunner
Looks like Aaron S. and Mark A. at Scottrade need schooled! lol
Here is an e-mail reply I received from Scottrade this afternoon:
The information we have been given regarding Paivis Corp is the shares
will be going through a 1 for 200 reverse split with shareholders
receiving a minimum of 100 shares. However, at the current time there
is not an anticipated pay date as to when this will occur.
If you have any other questions please let us know.
Sincerely,
Aaron S.
Scottrade Inc.
www.scottrade.com
Sure would be good to know how long they were given to cover.
In the coming weeks I plan to take some of my PAIV gains to AMEP. With oil/natural gas production news due in a week or so, AMEP looks like a 10 bagger to me over the next few months. AMEP's RB and I Hub boards would be good place to start. Anything in the .06 - .07 range would be a great entry point, IMO. GLTA
LONDON (Reuters) - Oil prices will soar to well over $100 a barrel and stay high as part of a sustained commodities bull run that has another 15 years to run, U.S. celebrity investor Jim Rogers told Reuters in an interview.
http://biz.yahoo.com/rb/060706/energy_rogers.html?.v=2
Here's an excellent post from the RB Board:
1. Increase of shareholder equity from a negative $2.3M to a positive $5.3M. That is an increase of $7.6M in shareholder equity in one quarter. It also meets the qualifications of both AMEX and Nasdaq Capital Markets for shareholder equity.
2. An increase of 18% year of year in revenue. I compared the quarters line items and notice equipment sales down but the new line item of advertising sales is significant enough for one quarter to more than offset the reduced hardware sales and grow some more. Two points to this. A full quarter of revenue for E&M is not posted. However, the quarter shows over $460,000 in ad sales. My understanding is that the first quarter is notorious for bad ad sales numbers. That being said, we should expect ad sales of 3x first quarter alone + $1.4M for the second quarter. This does not include the new IQ box sales which should lift the hardware sales. I am very encouraged by the new numbers going forward.
3. I personally counted over $1.8M in one time expenses out of the $2.3M in losses which related mostly to the expensing of the various financing arrangements. We will definitely not see the losses like this in the second quarter.
So, this is my forecast for the second quarter.
1. Shareholder equity of $5.3M POSITIVE
2. Revenues of $2.5M, almost double the first quarter
3. Losses less than $400,000.
Everything is moving in the right direction. I am continually amazed how individuals take numbers out of context. I would only be concerned if the numbers were going in the opposite direction.
Simply put for the naysayers - we have a growing company - get over it.
Thanks for your thoughts on AMEP and your work on this board. IMHO, you may want to take another look at AMEP chart. I've been watching with great interest since it completed the double bottom off the 200 MA. There has not been a down day since. Looks to be a solid bullish formation. AMEP closed up yesterday on the high of .08 which is on the right of the 50 MA.
Now the interesting thing is that this is taking place with no news. However, much has been happening in the last weeks and months and there will likely be a stream of PRs very soon that I think will propel this above .14. Anyway, just my opinion and I could be wrong.
IMMGE could be a great buy at the present price. We'll know more following the conference call after the close of the market today.
Bobwins, have you looked at AMEP for an oil and NG play?
And, on the oil side, take a look at this article. Here's an excerpt to wet your appetite:
<From fields more than half a century old (some dating back to the first oil discoveries in the Middle East in 1908) comes 60% of Iran's oil. "All, without any exception, are in decline--some in terminal decline," says Mehdi Varzi, a prerevolutionary NIOC official who now runs the consulting firm Varzi Energy in London. "Iran has great difficulty maintaining production.">
Full story:
http://www.forbes.com/free_forbes/2006/0703/106.html?partner=yahoomag
This article discusses the short term glut of NG and the long term supply problem.
By Steven Mufson
Washington Post Staff Writer
Friday, June 16, 2006; D01
The whole world is talking about energy shortages, but for the moment, the U.S. natural gas business is looking at a potential glut.
Thanks in part to a warm winter, inventories of natural gas have built up to levels far greater than normal for this time of year. And terminals built to handle imports of liquefied natural gas from other countries are operating at about half of their capacity.
It is, unfortunately for consumers, a situation that may not last. Energy traders are still pricing futures contracts at high levels, and natural gas producers are planning for big increases in U.S. demand over the coming years. Yesterday, the Federal Energy Regulatory Commission approved proposals to build three new terminals and expand two others that together would triple the nation's capacity to import liquefied natural gas (LNG). One of those projects is an expansion of the LNG terminal at Cove Point in Calvert County, Md.
But for now, as anxiety grips oil markets, natural gas markets have calmed down in the past five months. At the end of last week, natural gas in storage amounted to 2.4 trillion cubic feet, up 23 percent from a year earlier and 38 percent higher than the five-year average, according to the Energy Information Administration. As a result, natural gas prices, which spiked as high as $15 a thousand cubic feet last winter, finished yesterday at $6.32 at Henry Hub, La., an industry benchmark.
The only things that can rescue natural gas producers from having to slash prices later this year: another big hurricane or a hot summer.
"What people are counting on is that there will be a hurricane that will disrupt [natural gas] production in the Gulf of Mexico the way Katrina and Rita did and that all that gas in storage is needed to make things work," said Adam Sieminski, chief energy economist of Deutsche Bank.
A report last week by Cambridge Energy Research Associates says that without another major disruption of natural gas production in the Gulf of Mexico or a particularly hot summer to drive up air-conditioning needs, the nation's storage capacity for natural gas will fill to the brim by autumn, producing a "real potential for an abrupt decrease in gas prices" as some storage fields become unable to accommodate additional injections.
This doesn't mean that consumers can expect any immediate relief. Most utilities sign contracts for anywhere from one to three years, and the benefits of lower prices will hinge on when contracts expire, as well as the weather between now and the fall. And current prices are still substantially higher than they were three or four years ago.
The most immediate effect of falling natural gas prices will come at utilities or power-generating firms with the capability to burn either coal or natural gas. "We're beginning to get substitutions," Sieminski said. "At this price level, it actually makes sense to stop burning coal and start burning natural gas."
Most energy analysts, however, see the bulge in natural gas supplies as temporary. "We have a little bit of a reprieve, but I don't think it's a sustainable reprieve," said John Dearborn, vice president for global energy at Dow Chemical Co., a major natural gas user. "We have been able to build up inventories faster than in years prior, but that's no indication of where gas inventories are going to end up. If we have a warm summer and a normal-to-cold winter, we will find ourselves back in the position we were in last winter."
Most players in futures markets agree. Prices for natural gas to be delivered in January stand at $11.10 a thousand cubic feet, what Dearborn calls "the danger area" for consumers like Dow Chemical.
Most oil and gas companies and natural-gas-producing countries are going ahead with plans to meet demand that they expect to rise quickly over the next five to 15 years. In the United States, Sieminski noted, consumption of natural gas is expected to rise by about 30 percent by 2020. Since domestic natural gas production is essentially flat, most of the supply needed to meet that demand is expected to come from abroad in the form of LNG.
That has set off a scramble over LNG terminals and permits to build them. Many states and cities are reluctant to have such terminals. Last week, ConocoPhillips withdrew an application to build an LNG terminal 11 miles off the coast of Alabama, citing uncertainty about local environmental concerns. But it said it might file a new application "after consideration of all the economic factors."
Lord John Browne, chief executive of BP PLC, said in a speech in Washington yesterday that his company plans to invest $700 million in LNG terminals in the United States.
Yesterday's FERC approvals would have impact on both the Gulf and Atlantic coasts. Dominion will be able to increase its LNG import capacity to 1.8 billion cubic feet a day, up from 1 billion currently. In addition to Dominion's project, other projects approved by FERC yesterday were in Louisiana, Texas and New Jersey.
"This supply increase will have a significant impact on domestic natural gas prices in the future," said FERC Chairman Joseph T. Kelliher.
"If you need the gas, you have to build the terminals," Qatar's oil minister, Abdullah bin Hamad al-Attiyah, said yesterday in a briefing in Washington.
Qatar is gearing up to meet the demand on its end. It is in the midst of a massive expansion program to triple its capacity to export LNG. After meeting with representatives of U.S. natural gas consuming companies yesterday, Attiyah said, "I told them: 'I am a seller. I am here. But you have to provide the facilities.' "
The Gas/Oil Disconnect
By Elliott H. Gue
15 Jun 2006 at 11:04 AM EDT
http://www.resourceinvestor.com/pebble.asp?relid=20714
MCLEAN, VA (EnergyStrategist.com) -- Natural gas is looking very cheap right now relative to oil prices. This is undoubtedly one of the most glaring discrepancies at work in the energy markets today. While oil prices have soared to new highs, natural gas sits at less than half its 2005 top. Check out the chart below.
Source: StockCharts.com
This chart depicts a simple ratio - the price of natural gas divided by the price of oil. When this ratio is falling, gas prices are falling faster than oil prices or rising more slowly; the opposite is true when the ratio is rising.
To better illustrate the long-term trend, I've offered a chart covering 10 years of data. The last time gas prices were this low relative to oil was in late 2001. In addition, we can see two other spikes to these levels on the ratio--one in late 1996 and another in late 1999 to early 2000.
Whenever the ratio gets this extended to the downside, it tends to snap back to a more average level, a process known to statisticians as mean reversion. In many cases, the ratio ultimately shoots way above the long-term average, with natural gas prices becoming stretched relative to oil. This occurred in early 2001 during the California power crisis and again last year in the wake of Hurricane Katrina and the Gulf Coast gas supply disruptions.
I suspect that once again we will ultimately see the gas/oil ratio climb back to a more average level. This mean reversion adjustment can be accomplished in two ways: Oil prices could fall from current levels, and/or natural gas prices could rise. It's interesting to note that on prior downside spikes in this ratio, the latter scenario developed - natural gas prices rallied faster than oil.
Specifically, in late 1999 through the end of 2000, natural gas prices shot up from around $2 per million British thermal units (MMBtu) to nearly $10 per MMBtu, a five-fold increase. Meanwhile, oil prices were essentially flat in the $25 to $36 area throughout this entire period. And in late 1996 gas spiked from $2 to $4.50, while oil moved up from $20 to $25 blue barrel (bbl). Gas more than doubled in this period, while oil rose just 25%. Finally, in late 2001 through early 2003, gas prices also rose faster than oil causing the gas/oil ratio to mean revert.
Catalysts for the Shift
Fundamentally, sentiment on gas is extraordinarily bearish right now because storage levels of gas are so high. Basically, a warm winter meant that demand for electricity was lower than average; this allowed producers to actually build considerable inventories of gas in storage. As my chart below illustrates, inventories of gas are seasonally much higher right now than at any time in the past five years.
Source: Bloomberg
Summer demand for gas is starting to build. As the weather heats up, look for power plants to start burning gas; this will gradually work to reduce the gas glut. Of course, demand will take several weeks to really begin to work through inventories - the adjustment process caused by demand pull will be slow.
But there are other factors that could catalyze a faster reduction in gas inventories. Chief among those would be another major supply disruption in the Gulf of Mexico this year caused by a major hurricane in the region. Forecasters are calling for another busy hurricane season, so this is certainly not an improbable event. Even a few weeks of Gulf supply disruption could result in a major decline in inventories of gas, just as it did last year. Supply disruptions coupled with hot summer weather would have an even greater impact on pricing.
Moreover, I see a price floor for gas near $5 per MMBtu to $5.50 per MMBtu. At around that level, utilities would start cutting back on output from coal plants and rely more heavily on natural gas-fired generation. This is particularly true in light of ever-more-stringent environmental regulations. Such a switch would clearly raise demand for natural gas and put upward pressure on pricing.
And I also suspect that smaller natural gas producers will begin to cut back on production or at least delay projects if gas prices fall much beyond $5 to $5.50 per MMBtu. This, too, could reduce the supply of natural gas in the intermediate term.
Finally, last winter was an aberrantly warm one. It's highly unlikely that the 2006-07 winter will be as warm. Thus, inventory drawdowns late in 2006 could well form another catalyst for gas demand and inventory drawdowns.
It's absolutely impossible to predict which, if any, of these catalysts will come to pass. However, with sentiment so bearish on gas right now and inventories so high, it will not take much bullish news to get gas prices moving once again. And it's hardly a stretch to say that one of these catalysts is likely to emerge during the next six to nine months.
Bottom Line
During the past few months, I've been highlighting the big natural gas/oil discrepancy in The Energy Strategist. In early April, I even compared natural gas and oil prices on a British thermal unit (Btu) basis. Basically, Btus are a measure of energy - we can directly compare the price of energy produced using coal, oil or gas.
The U.S. Energy Information Administration estimates that an average barrel of crude contains 5.8 million Btus of energy; the current cost for that barrel is around $70. But with gas at $6, 5.8 million Btus cost just $34.8. In other words, on an energy equivalent basis, gas is half as cheap as oil. This is unlikely to persist longer term.
During the next six to nine months, I suspect that gas-levered producers will outperform producers levered to oil prices - in the next issue of The Energy Strategist, I'll be looking at ways to play that trend. Moreover, my bullish position on natural gas has ramifications for the shallow-water drilling market in the Gulf of Mexico; I see a major shortage of shallow-water jackup rigs developing in the Gulf later this summer.
Copyright © KCI Communications, Inc. 2006
Elliott H. Gue is Editor of “The Energy Letter.” Click here to sign up for the free bi-weekly newsletter.
Rager, would you share your thoughts on a good entry point for HYEG? Any others have insights on the company? I'm just now beginning my DD. Thanks.
An interesting article on IMMG was posted this evening on FMCN's Yahoo Discussion Board.