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Last moves were on small buys. Think the float is gone???
"the most I'll drink is a bear with some Crabs"
Yikes energy! Hope that was a typo and not a Freudian slip!
Have fun tonight guys, but make sure you & toad have a designated driver! We can't afford to lose toad or our favorite assistant mod. LOL Also don't forget to pass the word around about our little gem!
ps. Hemi has girls and hats. Why can't we???
Oh they'll be buying alright, but at much higher prices. Word will slowly filter out. The lid can't be held on much longer imo.
I can hardly contain my glea! Thanks for the update energyman. I can confirm that there is a huge shortage of qualified oil field workers and equipment in Southeast Kansas. Theres been ads in the help wanted section locally. There is an oil boom in S.E. Kansas. Was he talking about Quest Resources? Anyway, I'm not surprised at the backlog, mainly because of the weather. Thankfully the weather has been good here all week, getting dried out.
I was gettin ready to pounce on the .085 offer, but someone beat me to it with a 107K buy!
Gulp!! Did you say 1000% ??? Thats a ten bagger! Is that from present levels? Holy bat#### batman! And these guys are chasing one penny moves, think I'll do some buying. LOL
Thanks ttr, thats the number I have been hearing. They add about $2.50 to that price for retail. Quite a markup. So if this one well put out 70,000 cfpd, that would be over $150,000 per year. They are going to get more wells on line, add the ones already producing, means one thing to me, this is a money maker, no two ways about it imo.
Its early, but it looks encouraging. I picked off bids all day yesterday, they dribbled in a little at a time, but I got what I wanted. Their loss is my gain. Question for anyone. What is the wholesale price of 1000 cu ft of gas at the wellhead??
No problem lowman, you have alot of fish to fry. Another point that needs to be made. The medium to large operators in Southeast Kansas are spending millions of dollars putting in infrastructure to get their own gas to market. These small companies like ALRY and HMGP can take advantage by piping in to their distribution lines. Win Win for both!
Think I'll add myself toad. Oil and Natural gas prices are going up, its a given, these are non-renewable resources. Allenergy is sitting on some prolific oil/gas leases that even some majors wanted.
Trying to put some possible numbers to the new well. These types of wells in S.E. Kansas deliver from 10,000 to 150,000 cfpd (cubic feet per day) of natural gas. With the high pressure (160#plus) and being a virgin well, I'm figuring 80,000 cfpd or more, but just a wild guess! BTW, what do they get for a hundred cubic feet of gas selling it to the wholesaler? I get charged $8.64 retail. Good job on the I-box energy. Shows new investors we have a real company. Don't forget, they have 3 new employees, the Rex Horning crew. How many of these real companies do you find on the pinks?
Watched mad money, there were two guys on from NJ, knew neither one could be our energyman, they were too subdued. Picked up another 50k today and 50k yesterday, trying to find the bottom, maybe .08 is it. If not I got plenty more ammo. What stock are you pushing on cramer show?
Why no lowman?
Whats with the .84 x .095. Buyers and sellers are far apart. We've gotten rid of most of the flippers, and have a new batch of longs. I have the feeling, the next run will be something to behold. We'll go over .20 easy and hit a quarter.
Now don't forget to mention ALRY, then we can all retire rich!
You can lead them to water toad but you can't make em drink. Here's a great link to some dd about the Cherokee Basin in Southeastern Ks and Northeastern Oklahoma.
http://www.cbmgas.com/coalbed_methane_in_the_cherokee_.htm
Why couldn't you sneak something into the conversation with the madman like....."all energy should be put in finding small oil and gas plays"
A back handed compliment energy, but I'll take it. You talked to J.C., Was he friendly? LOL! More importantly, was he still excited about the new find and overall outlook for Allenergy? I think I know the answer.
I think we saw the bottom. Trying to buy more but when I put in at the ask, they give me a few and raise the bid. They must be short on shares and sellers are gone. The panic must be over. How many will be kicking themselves next week. Natural gas prices are going higher, drawdown just announced on CNBC higher than expected, hurricane season starts next month.
Already 3 ticks five minutes before manrket opens...20K. Hmmmm?
He like his oil plays the best, so he says. I wonder why he isn't talking about the ALRY news release? There were alot of shares bought between .10 and .16, buyers will want to protect their holdings by averaging in. If it gets down to .09, and I hope it does, I'll be buying. Good luck and good night.
Further to my last post. If some of you newbies are really worried don't be, just look at who the moderator is. Thats right, lowman himself. Look what happened over at Hemi. lowman don't buy junk.
We had some pretty good support all day around .10 to .11. I'm sure there are those who are disappointed in not hearing about the new well numbers in the news release hence the selloff. Admittedly I'm somewhat disappointed myself, but if you read between the lines, one can discern that the well will be very productive as it is holding its pressure and delivering gas, we just don't know how much. Also mentioned in the release their hiring of a consultant, and plans for expansion. Sounds to me like things are cooking at ALRY. Someone should post the links to the interviews with Mr. Sanford and Friendly, they give excellent background information on the company and their plans.
Nobody said it wasn't ok to flip. Investors that are looking beyond the horizon don't like hearing about it on the stock they are holding. All stocks need liquidity/flippers. Looks like we open higher.
Welcome back again energyman. Look forward to hearing about the new well just put into production. Just think, a little oil/gas company with valuable assets, generating revenues, compare that to some of the junk that gets pumped up on I-Hub. This has a quarter written all over it short term, long term who knows? Look at Hemi oil for an idea. If lowman makes a visit to southeast kansas, we'll take him to Elk City Reservoir. I want to see if he can walk on water. LOL
Too much flippin goin on here. Get too cute and you get washed out. I've heard stories of flippers losing out on the Hemi ride. Sometimes these things take off and never look back.
Pull your pucker string tight for the last few minutes here. lowman said yesterday...the company indicated it would be 24 to 48 hours before they had any numbers on the new well. Maybe after hours tonight or in the morning?
News trumps all
MM's are out of shares, they tried to instigate a panic. Don't fall for it.
Quest Resources http://finance.yahoo.com/q?s=QRCP
As far as I know, they don't sell gas to any cities as of yet. Indirectly through a marketing company like Quest I suppose.
Nice to hear lowman. Are they still excited about the new discovery? I am! LOL
.14.5 x .15 Here we go. New well news must gonna be good.
Looks like they're going to let this one run. Scotturd shows .135x.15
I think there must be a distribution pipeline and compressor station closeby, so it would be a matter of running pipe from the well head. The compressor is probably to raise the gas pressure so it can feed into Quest's pipeline. Quest's pipeline probably feeds into a bigger one such as william Bros. or Star. The big pipelines have huge volume and several hundred pounds of pressure. Once in a while a big one gets dug into, and theres a huge explosion that can be heard for miles around and flame hundreds of feet in the air. I say .25 before we get any sort of pullback. Best get on board.
Hard not to get excited over the latest news, possible company changer. Yes, Kudos to Mr. Sanford and company for finding the gas. Kudos to lowman, for cleaning things up on ALRY board, and giving longs a positive attitude. 52 week high was a buck, and look at what has been accomplished since then, acquistion of Dark Treasures, Rex Hornining well services, and soon to be finalized acquistion of the Bayless "b" lease. As lowman has stated, this is an extremely undervalued oil/gas play and imo a possible takeover, considering the value of their leases alone.
Selling to Quest Resources? Quest is a major player in Southeast Kansas. What do you think lowman. Will this one well blow the lid off of ALRY?
http://finance.yahoo.com/q?s=QRCP
This is a problem they probably haven't run into before, a major discovery. Must be alot of gas down there wanting out!
.092x.098, big spread. Whats up with that? Are they short of shares?
Anyone talk to the company today? Wonder when we will get a flow report?