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NEW YORK (MarketWatch) -- Oil services and natural gas stocks rose as crude touched $100 a barrel for the first time Wednesday, even as some big oil shares weakened in the face of a 221-point drop in the Dow Jones Industrial Average.
Crude for February delivery rallied $4.02 to a record of $100 a barrel on the New York Mercantile Exchange in early afternoon trading. The contract ended the session up $3.64, or 3.8% at $99.62 a barrel, a new record close. See Futures Movers.
Traders are looking ahead to the release of weekly inventory data on Thursday, a day later than usual because of the New Year's Day holiday.
Lifting prices was news that militants bombed two police stations and a hotel in Port Harcourt, Nigeria in attacks that killed 18 people.
SGGC shares are becoming more valuable each day....tomorrow crude inventory report comes out....I believe USA supplies will be announced as being low...not good with the the cold weather snaps we get this time of year.
Didn't I see you at the Venetian in Las Vegas, or was it in Venice, Italy on the Rialto Bridge?...Your looking great gorgeous.
Whooops, I should be focusing on this stock..LOL.
SGGC is a great $$$$$ opportunity.
Guest on CNBC says oil may hit $120.
later in 2008....ouch!....hang onto your SGGC shares.
NEW YORK (AP) -- Oil prices soared to $100 a barrel Wednesday for the first time ever, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will continue to outstrip supplies.
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Surging economies in China and India fed by oil and gasoline have sent prices soaring over the past year, while tensions in oil producing nations like Nigeria and Iran have increasingly made investors nervous and invited speculators to drive prices even higher.
Violence in Nigeria helped give crude the final push over $100. Bands of armed men invaded Port Harcourt, the center of Nigeria's oil industry Tuesday, attacking two police stations and raiding the lobby of a major hotel. Word that several Mexican oil export ports were closed due to rough weather added to the gains, as did a report that OPEC may not be able to meet its share of global oil demand by 2024.
Light, sweet crude for January delivery rose $4.02 to $100 a barrel on the New York Mercantile Exchange, according to Brenda Guzman, a Nymex spokeswoman, before slipping back to $99.15.
Crude prices, which have flirted with $100 for months, have risen in recent days on supply concerns exacerbated by Turkish attacks on Kurdish rebels in northern Iraq and falling domestic inventories. However, post-holiday trading volumes were about 50 percent of normal Wednesday, meaning the price move was likely exaggerated by speculative buying.
"I would imagine the speculators are the biggest drivers today," said Phil Flynn, an analyst at Alaron Trading Corp., in Chicago.
Oil prices soared to $100 a barrel Wednesday for the first time ever, reaching that milestone amid an unshakeable view that global demand for oil and petroleum products will continue to outstrip supplies.
The overall market is tanking big time.
SGGC should be attractive to more investors now.
I am thinking like you...adding another 100K....The overall market stinks.....SGGC is getting more attractive as the day goes on....also crude barrel prices are at all time high on the New York Mercantile Exchange...bad at the pump, but bodes well for Sigma Global investors/traders.
SGGC is a great $$$$$ opportunity.
Back to work tomorrow...Should be a great day for SGGC.
Hope to have a few free minutes to check pricing on my I-phone during trading session....Good luck to all!
LOL..Our oil company up here in the Northeast prefers Dunkin Donuts. You guys down south inhale those Krispy Kremes..LOL.
First PR will be they are taking the truck/drilling rig in for a tune-up and tire rotation...LMAO....RUN FOR THE EXITS..ROFLMAO.
Funny!....Remember when Lee Raymond the former CEO of XOM retired 2 yrs. ago? ....ExxonMobil gave him $60,000,000 retirement package..OUCH!!!!!
SGGC message board #5 busiest tonight.
You have a good point.... although,its fun to have a few shares while at the SGGC party.
Stock2windaily, Nice HOG in your picture....if Sydney buys 10K of SGGC, I an sure you could offer her a ride on that beautiful Harley....Crude...LOL.
SIGMA GLOBAL GANGBUSTERS CORP.......
LMAO.....SGGC is a 2008 runner.
That little old truck/drilling rig in the farmers field on the SGGC web-site is going to make us serious bank.
SGGC is a great $$$$$ opportunity.
Sidney, join the party....Place a limit order early tomorrow....Who knows, SGGC could be a 5-bagger+ plus this month.
A lot of new investor/traders will be coming aboard tomorrow.
GLTY.
Yes....VERY BULLISH...Thanks for the barchart info etc.....I did some posting on several yahoo finance message boards with different profile ID. We have several new investor/traders coming in tomorrow which is great, but a few may be momo/swing/flippers, you know in for a quick 5-10% gain.
I usually short term trade, but I am holding this as a long position, especially getting in at ground floor. All of us here posting tonight that have shares, know thst we have very minimal downside and a HUGE, HUGE UPSIDE.
SGGC is a great $$$$$ opportunity.
Let's hope SGGC does better than the AMRP run..LOL.....In the mean time, a PR by the company tomorrow could help attract new investors and give us a close above .04/share.
I am sitting on a HUGE AMOUNT of shares...just waiting for some positive news. I can sell now for a nice profit, but I see more upside potential with this equity.
Paucity of SGGC shares = Wed. runner.
SGGC is a great $$$$$ opportunity.
This baby is going to run...What an excellent chance this morning to load up on more shares.
SGGC is a great $$$$$ opportunity.
Now 110 boardmarks...investor/traders are finding out that SGGC is a great $$$$$ opportunity.
We may have a 5M share vol. gapper at opening Monday.
I rather see a nice steady succession of GREEN(closes) trading sessions right through January, with a little intraday consolidation.
No board for SGGC on Ragingbull.
Yup, ...109....Thanks....Word is really spreading this weekend about SGGC. Very little activity on yahoo finance message board.
Once company starts releasing info, that board will generate more messages.
I am going to check out ragingbull.com
Where do you click to find boardmark #'s ?
MASSIVE GAPPER COMING....JUST MASSIVE!!!!! Maybe we open at .05+ tomorrow.
SGGC is a great $$$$$ opportunity.
Nice development. Adding more shares tomorrow before this equity runs with a 2-3 bagger in one trading session.
Thanks Van...You are on top of these things....we are in a great opportunity here.
I called NYC SIGMA GLOBAL office this morning.....good sign...voice-mail system set-up for various employees. I am sure web-site, PR's etc. will be coming forth in January.
Also, by the way...it looks like we may have crude prices soar above the century mark in January....cold snap heading to the northeast later this week, and heating oil inventories are diminished from significant Dec. runs.
It looks as if all is falling into place for our new start-up.
It looks as if the excitement and momo by all new investors/traders will carry SGGC to .25+ in January....company PR's on producing wells>>>>> SHARE PRICE WILL SKY ROCKET!!!!!
SGGC is a great $$$$$ opportunity.
I like to see more new buyers. As long as SGGC remains on the I-HUB most active message board ( currently #6 )newbies will be checking this stock out. How else are investors/traders finding out about this equity?
I hope we go higher....we do need some news. The web site needs attention....hopefully company is adding more to it this weekend. A picture of a small truck/drilling rig in farmers field is no big deal. Caveat Emptor until company generates news.
I loaded up with SGGC this week.
January will be a great month for this start-up exploration company. Hopefully news will come forth to determine where stock price may proceed. I did not find much on Tom Jaburek the CEO, when I googled his name.
I believe share price will stay in the .02-.03 range until further due diligence arrives. Although, we may get a ton of newbies taking a risk on buying and holding this new otc start-up over the next several trading sessions.
In an earlier post this week, I mentioned EMKR.
On today's FOX's BULLS & BEARS, Tobin Smith picked EMKR to be his largest gainer for 2008. He has had the largest gainer on the show's panel for last two years. A year ago he picked APPL for this 2007 year.....which went up 136% since Tobin picked APPLE last December 28, 2006.
EMKR is quite diversified, and is more than a solar play.
EMKR is a great $$$$$ opportunity.
Thanks, for the symbol correction....Van, I need a coffee, or a beer, to overcome the dislexic typing...LOL...SGGC is a great $$$$$ opportunity.
I had a busy day with my job....but I managed to buy 150K and 50K in the high .02's......Come January, I believe momo will kick in and SCCC could run up into the .20's and .30's.......soon this company will be releasing PR's.
GSSC is a great $$$$$ opportunity.
Yea, ....i just posted over there. You can bet once this equity gets going, I will be with my contacts on VLO and XOM etc ..message boards on yahoo finance....I gaurantee some heavy duty momo after the holiday. Oil and gas exploration sector will be explosive along with solar plays in 2008...Check out EMKR.
Thanks....Go to YAHOO FINANCE.....TYPE in SYMBOL ..SGGC.pk
Click on message board side-link...I believe board started today.
I started accumulating today....will do the same again tomorrow....I work in petroleum industry, and see crude going over 100 in January.....also a shortage of heating oil in northeast US possible, again, because of low inventory.
I see yahoo finance has message board as well...Low outstanding shares will take this on a momo run possibly into the .20's or 30's next month w/ high vol....but, need PR jobsite news coming in from wells.
SGGC is a great $$$$$ opportunity.
Thankyou Sir.
What hours is market open on Christmas Eve?
I told you guys to SELL 4 days ago at the top.
Some of you have lost 50%+ this week...OUCH-O-RAMA.
It will open at .07
I was in DICK'S SPORTING GOODS today, and bought ENLYTEN SPORT STRIPS. These are Christmas gifts for some friends that are runners. The athlete pack contains 3 cassettes of 18 strips per cassette.....nicely designed package...vanilla berry is the flavor I picked out....they are located in the soccer and runners merchandise sections on plastic attachment strips in several locations...each location is a different flavor....retail price..$7.97 a pack, plus tax.
Manager stated they are selling quite well!
OT: ...No Gator-aide was available in the store.
A few ( evidenced by low daily volume ) weak hands are selling because of lawsuit...actually one way or another HealthSport will survive without NFL sales.. although winning the lawsuit is a big plus for HealthSport.
Regardless, share price is on verge of big turn-around.
HSPO is a great $$$$$ opportunity.
More great news today.....share price will be moving upwards very soon.
AMHERST, N.Y., Dec. 6, 2007 (PRIME NEWSWIRE) -- HealthSport, Inc.(OTC BB:HSPO.OB - News), a fully integrated developer, manufacturer and marketer of branded nutritional supplements in a one-of-a-kind edible film strip delivery system, announced today that Midwest retail giant, Meijer, has agreed to purchase and sell Enlyten PediaStrips (http://enlytenstrips.com). This innovative new product formulated by InnoZen, Inc., HealthSport's research and manufacturing facility, provides an edible film strip-delivery system that contains sodium, potassium and chloride. PediaStrips are designed to deliver these electrolytes to children who are at risk for dehydration due to vomiting or diarrhea.