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This moron gmoneydawg on raging bull is areal riot.The worst basher i have ever seen,he'll probably get fired.
Nice close considering low volume.
I agree bmiles,i really believe this will be our last day in single digits.Great buying opportunity here in the low .07's
Great buying opportunity here.I expect this will be our last day in single digits.
My account is in the process of updating.It now says 750,000 under mxxr and 400,000 under vnbl,i just calleD they said within a half hour should be fully updated under new symbol.
I assume as has been the norm we will see a pr afer hours.
My account is in the process of updating.It now says 750,000 under mxxr and 400,000 under vnbl,i just calleD they said within a half hour should be fully updated under new symbol.
I assume as has been the norm we will see a pr afer hours.
After reading this artcle i feel extremely luck to be invested in this stock right now.Im sure a lot of you would concur.It looks like we could see oil at $100 a barrell sooner than we thought.
Reuters) - An escalation of Middle East fighting and crude oil prices close to $80 a barrel will create more angst on Wall Street this week, just as the quarterly earnings reporting season hits full swing.
If that doesn't give investors enough to worry about, here is one more thing. Federal Reserve Chairman Ben Bernanke is set to appear before congressional committees on Wednesday and Thursday to testify about the Fed's semiannual monetary policy report.
Two major U.S. economic reports, notably the Producer Price Index and the Consumer Price Index for June, will be released this week, along with the minutes of the Fed's most recent policy-setting meeting. Economists polled by Reuters expect that the PPI and the CPI rose in June, in the overall figures and the core indexes, excluding food and energy.
Wall Street will watch the PPI and CPI reports for signs of whether the pace of inflation is picking up, and comb through the Fed's minutes for clues on when the central bank might take a break from raising interest rates.
The violence in the Middle East, though, will keep Wall Street on edge.
"The real concern is not so much Israel going to Lebanon, but it's whether Israel is going to threaten Syria," said Steve Goldman, a market strategist at Weeden & Co. in Greenwich, Connecticut.
"With Iran's backing of Syria, that would bring up a whole new issue. It's this lingering concern, which makes it tougher for stocks to rebound at this juncture."
Last week, Israel launched a military assault against targets in Lebanon after two of its soldiers were seized and eight killed.
The assault drove the price of crude oil up on Friday to a record $78.40 a barrel in electronic trading, fueling concerns that U.S. consumers may cut spending as their gasoline bills soar.
For the past week, the Dow Jones industrial average(^DJI - news) dropped 3.1 percent, while the S&P 500 index (^SPX - news) shed 2.3 percent, while the Nasdaq (^IXIC - news) lost 4.4 percent.
HOPING FOR A Ceasefire
Analysts said if there were any signs over the weekend that the Middle East tensions might ease, then earnings will take center stage in the week ahead. That could give the market a catalyst to crawl back up out of its slump.
"The geopolitical risks are a stiff headwind," said Joseph Quinlan, chief market strategist at Banc of America Capital Management in New York.
"Over the weekend," he said, "we do need to see a ceasefire ... Hopefully the G8 can craft some kind of deal that lowers the temperature," he added, referring to the Group of Eight summit of industrialized nations, which meets through Monday in St. Petersburg, Russia.
But "if things continue to boil, oil prices could break through $80 a barrel, and that would weigh on the stock market early on Monday
Sorry,post 106.
In case you guys are confused,my previous poat was in response to jade77,post 108
Jesse/Sybil,you posted this article numerous times back when you wre bashing.If you are now long,i really dont understand what the point is of posting this again.
I believe tradeit6 answered your question a couple of weeks ago.I took the liberty of copy and pasting his response.Would anyone else like to chime in on this?
Jessie your assuming that the total 11,000,000 barrels are not the recoverable, and are probable, or possible reserves. Oil reserves are listed in categories, your threory is a one size fits all and that is not the way it works imo.
The Russians even put " C"ratings on their oil reserves. C1 being proven, then to C2 Probable, then the C3 being possible.
The SEC in here in CONUS says proven reserves listed on filings are "only"pumpable and pumping not probable or possible which is what your are referring to imo.
Hence the 11 MB projected is "not" the total", as your article outlines", it is the estimated proven and pumpable. When depletion is accounted for it is based on the proven as far as I know not based on what is not pumpable.
I think if you do some further research you will conclude the same think. Ref NDOL and the Russian system of Reserves and then what they can file with which is only a portion of the total.
Thanks for that post Kraigger,it was getting a little depressing around here today,I await next week with great anticipation and expect big things from this company.
Triple-digit crude prices almost upon us
Posted Jul 14th 2006 4:17PM by Michael Canfield
Filed under: Bad news, Industry, Exxon Mobil (XOM)
Crude oil for August delivery reached $78.40 today, breaking the record set yesterday, before backing off a bit to a still higher-than-Thursday $77.80 a barrel, on the New York Mercantile Exchange (NYMEX). Factors include escalating conflict between Israel and Lebanon and supply concerns in the world's eighth-largest exporter: Nigeria. Another open-issue is what Iran will do -- possibly further embroiling itself with the United Nations Security Council after ignoring a package of Western incentives offered to get it to curb its nuclear program just recently --or by conceivably becoming entwined in the Israel/Lebanon conflict itself.
Steve Hargreaves reporting at CNNMoney.com quotes analyst Bruce Lanni of A.G. Edwards, saying: "If another event takes place, it's not at all unrealistic for oil to spike to $100," adding, "there's no fundamental reason in this current climate to see oil prices retreat below $70 in the next few months." Though Lanni believes many of these geopolitical tension are near a peak and at least some will inevitably ease off, he also notes we are just only now entering hurricane season.
I can't find a reason to be hopeful that this summer's storms will be less devastating than last summer's. Can you?
I dont blame you,i was playing eith free shares,but decided to reinvest the profit back into more shares. Regardless of what happens,this company doesnt appear to be stupid,grey wolf and halliburton are not stupid,i expect good/great news Mon morning.
If im not mistaken there at a lot of us with a hell of a lot of shares who have not sold any yet.
I agree wholeheartedly.As of Mon,it will have been 10 days since the last update.It would make much more sense for them to issue an update/pr BEFORE the bell,especially if its good news.I think it will be,i cant see them issuing a pr saying weve encountered nothing.
I would think that if they hint at ANY oil which i would expect,we should go up from here.I dont think any oil or gas is priced into the stock.
"In the long term its garbage".I find that amusing based on yesterdays pr.
Congrats on your profits,now get lost.Who the hell ever heard of stock patrol anyway.Your intentions on this board are incredibly obvious.
Why would anyone in their right mind attempt to short here???
I agree Brad,i see no reason why this shouldnt be .20 by next Fri.
Bmiles,after you digest todays pr,please post your thoughts. I am very excited about todays news,Originally my sell target was .15-.20 but now im not sure.If we get good news regarding other wells factored in with the one they are currently drilling,whole different ballgame imo.This damn good news is forcing me to rethink everything!
I should rephrase,i dont want to be accused of spreading misinformation,They are in the dd phase with the other wells.Still great news.
Great news,especially withe price of gold back on the rise.4 other wells also!
I agree,i know its very hard to time the botton.I see us stabilizing in the low.04's before the next move up.Some people on rb are predicting .03's,i dont see it going that low.I am looking to add,waiting for the right tinme whenever the hell that is.
Thanks as always for your insight.I would think with the name change it would be the latter,wouldnt make much sense for the company to announce that its changing its name without any substance behind it.Tommorrow will probably be the last time imo to buy where we are now or slightly under .05,if it dips again i will be adding.
Miles,i assume your talking about the pr regarding the name change,not the drilling update?
Where is everyone today? Surprised to see the board this quiet.
Bmiles,i dont know if you were paying any attention the rb board today,when you get the chance i would like your comments on something jessechristoff has been posting numerous times in his attempt to scare people and pick up cheaper shares. Message 1582 from today.
Miles,please do not stop posting what you deem important info.It is truly appreciated. You know me as howardfl_4 on the rb board. I am eagerly awaiting tommorrow. I would also think we will have another pr by Fri when they hit the drilling target.Thanks again for your contributions.