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****HAPPY 4th SHAREHOLDERS****
Have a great 4th everyone http://www.maylin.net/Fireworks.html
talk all you want about (gray), but me thinks smmw is going to the (green) sheets :>)))
alien, nice post ! have a GREAT 4th !!!!
Egor, $$Congrats$$ on your add !!!!!
GM peep's :>))
don't live in the past ! look to the future $$$ :>))
.01+ here (some):>))
Same Reason gl
sony: and your here why ???
Good Morning :>))
illum: can you please P/M me in your opinion where the pps can go .01 .02 .05 ?? .+ ! glta
RJ filled !!!
RJ: best of luck !!!!!!
tks folks !!!
No i don't. i think ! lol
imo) as soon as he sells enough shares to pay for the release.
1 thing 4 sure !! The pumps don't last as long as they use to !!!!
lol me2 ! im not here for my health !
Never fails around here !
Was hoping you could tell me !!
why did my post go ??? whats wrong with asking a nonshareholder a question ? and pointing out to "newbies" where ?? that this person has no financal interst here ? or does he ??
Petro-Canada Plans C$26.2 Billion Oil-Sands Project (Update3)
By Ian McKinnon
June 28 (Bloomberg) -- Petro-Canada, the third-largest oil company in Canada, and its partners will spend C$26.2 billion ($24.6 billion) on an oil-sands project in northern Alberta that's one of the world's most costly energy development.
The Fort Hills project is expected to produce 280,000 barrels of oil a day from the tar-like deposits by 2014, with output starting in the second quarter of 2012, the Calgary-based company said today in a statement. The project, under development for more than five years, will tap oil reserves second only to those in Saudi Arabia.
Producers are turning to unconventional sources for oil such as Alberta's tar sands to replenish reserves as more easily tapped reservoirs become harder, and more costly, to find. Instability in oil-producer Nigeria and efforts by Russia and Venezuela to take control of energy projects from foreign companies makes Canada an attractive alternative.
``It's a safe supply of oil,'' said Chris Feltin, an analyst at Calgary brokerage Tristone Capital Inc. who rates Petro- Canada's shares at ``outperform'' and owns none. ``Look at the people who left Venezuela this week. It wouldn't surprise me to see Exxon and Chevron try to get a bigger position in the oil sands now.''
Exxon Mobil Corp. and ConocoPhillips are leaving Venezuela after failing to reach agreement with the government of President Hugo Chavez over an increased government stake in heavy-oil projects in the country.
Sakhalin-2
Fort Hills will be more costly than the $22 billion Sakhalin-2 oil and gas project, north of Japan. Russia's OAO Gazprom acquired a controlling stake in the project in December from Royal Dutch Shell Plc and Japanese partners Mitsui & Co. and Mitsubishi Corp.
Petro-Canada, UTS Energy Corp. and Teck Cominco Ltd. spent months reviewing the Fort Hills design to reduce costs. The project will be built in two stages to ease demand for skilled construction workers. A final decision on proceeding with the project will be made in the third quarter of 2008, Petro-Canada said.
Shares of Petro-Canada rose 56 cents to C$55.88 at 11:58 a.m. on the Toronto Stock Exchange. UTS shares rose 14 cents, or 2.4 percent, to C$6.08, and Teck Cominco's shares rose 13 cents to C$46.07.
Engineering Expenses
The cost estimates exclude preliminary engineering expenses and third-party investments in areas such as pipelines, power generation and work camps, Neil Camarta, Petro- Canada's senior vice president for oil sands, said on a conference call with analysts and investors. Including those expenses, the total price tag for the project would be C$33.4 billion, he said,
The partners are waiting for regulatory approval to build a plant that will convert the tar-like bitumen mined from the sands into marketable synthetic crude oil, Chief Executive Officer Ron Brenneman said in the statement.
The C$14.1 billion first stage is expected to produce 140,000 barrels of synthetic crude oil per day by the second quarter of 2012. A second phase will cost C$12.1 billion. Land owned by the partners to support the project may contain as much as 5 billion barrels of bitumen, Petro-Canada has said.
The initial phase will earn a return of 8.2 percent with oil selling at $45 a barrel, Camarta said. The return jumps to about 12 percent with oil at $60, he said.
``I'm ok with an 8 percent return on a project of this quality and this longevity,'' Brenneman said on the call.
Saudi Rival
The oil sands, 750 kilometers (466 miles) north of Calgary, are estimated to contain 175 billion barrels of recoverable oil, second only to Saudi Arabia's 259 billion barrels, according to the Canadian Association of Petroleum Producers. Tar-like bitumen must be processed into synthetic crude oil for sale to refiners for processing into fuels such as gasoline and diesel
Petro-Canada owns 55 percent of Fort Hills. UTS, also based in Calgary, holds 30 percent and Vancouver-based Teck Cominco, the world's biggest zinc miner, owns the remaining 15 percent.
Imperial Oil Ltd., 70 percent owned by Irving, Texas-based Exxon, is Canada's largest oil company by 2006 sales, followed by EnCana Corp.
Petro-Canada produces oil and natural gas in North America, Africa and the U.K. It also owns refineries and a national chain of fuel stations in Canada.
To contact the reporter on this story: Ian McKinnon in Calgary at imckinnon@bloomberg.net
Last Updated: June 28, 2007 12:31 EDT
WoW ! alot of questions for a nonshareholder !!!
vol: 110,000 0.00 -.0001
28+ today :>)
Not till .01+ Dan owes us at least that much :>))
OT: But looks who allways jumps on at 9:29 http://www.bloomberg.com/apps/news?pid=20601087&sid=a7SLVAzN2Y4Q&refer=home
OT: We need a P/R like this !! kmon Danny boy !!
http://www.bloomberg.com/apps/news?pid=20601109&sid=aLp3XKAEaiy8&refer=exclusive
tks, would be nice to see some green
tks :>))
anyone have a money flow chart ? tis, and great to see we cross the 200 :>))
correction, were 3 shares short od 27 mill, don't want to called a pumper !!! lol
27, mill :>)
vol: 4,000,000 -.0001 0.00
RJ were there !! now what will it do !!!!
Luv it !!! GLG Settles Short-Selling Accusations
Hedge-Fund Giant
To Pay $3.2 Million
For Covering Tactic
By GREGORY ZUCKERMAN and JUDITH BURNS
June 27, 2007; Page C2 - Wall Street Journal
Just a day after agreeing to an unconventional deal to go public, London-based hedge-fund giant GLG Partners LP settled U.S. accusations of illegal short selling, the latest black eye for the high-profile firm.
GLG, one of Europe's largest hedge-fund firms, will pay more than $3 million to settle claims of illegal short selling in connection with 14 public offerings, the Securities and Exchange Commission announced. GLG made more than $2 million in illegal profits in four of its managed hedge funds by violating rules that prohibit covering short sales with securities obtained in a public offering, the SEC said.
GLG settled without admitting or denying the allegations. It agreed to a cease-and-desist order and will turn over more than $3.2 million in allegedly ill-gotten gains, interest and penalties, according to the SEC.
Regulators said they considered "remedial acts" by GLG and its cooperation in the investigation when they accepted the settlement.
"We are pleased to have reached this settlement with the SEC and to put this matter behind us," GLG spokesman Rupert Younger said. "We cooperated fully with the SEC since the moment the trades were brought to our attention, and we have taken a number of steps to ensure that similar technical violations do not occur again."
Someone close to GLG said the firm wasn't aware of the rule at the time of the alleged infractions.
Short sellers borrow shares to sell in hopes of replacing them later at a lower price. An SEC rule in place at the time of the trades banned buying shares in a public offering to cover a short sale made within five business days before the pricing of the offering. According to the SEC, GLG violated the short-selling ban 16 times from mid-2003 through May 2005, in public offerings for stocks including ChipMos Technologies Ltd., Petco Animal Supplies Inc. and Nextel Partners Inc.
GLG plans to sell itself in a reverse-takeover deal with Freedom Acquisition Holdings Inc. that will allow it to trade on the New York Stock Exchange, with shares valued at $3.4 billion.
Last week, France's stock-market regulator fined GLG €1.5 million ($2 million) for allegedly misusing information in a convertible-bond sale by Vivendi SA in November 2002. GLG, one of four hedge funds to be fined, said it intends to appeal the ruling.
Last year, the United Kingdom's Financial Services Authority fined GLG and one of its star managers, Philippe Jabre, £750,000 ($1.5 million) each in connection with improper trading in the securities of Sumitomo Mitsui Financial Group Inc. Mr. Jabre left the firm and has since opened a large hedge fund in Geneva. GLG says it has revamped its operations since Mr. Jabre's departure.
Write to Gregory Zuckerman at gregory.zuckerman@wsj.com and Judith Burns at judith.burns@dowjones.com
Great Chart !!!
No 500,000 Weeeeeeeeeeeeeeeeeeeeeeee :>)