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If the results are pleasing then why not release them?? Maybe theyre waiting for covenent? That one was supposed to start on the 29th.
It is. My funds settled. I'm going to try and pick up more shares today. Any idea when these numbers are supposed to come out?
Okay. It was still another view of a situation that I knew nothing about. I always thought shorting was day/swing trading... I had no idea brokers could lend your shares out.
I know that Scottrade has a 3 day settlement for your cash on cash traedes. You trade with only your cash on anything under $1. Of you have a margin account thwn you dont have to wait to trade. You borrow that money from Scottrade while it clears for 3 days.
Sooo. Call me naive but I didnt know your shares could be lent out. My mind is officially blown by this.
Business Insider explains it pretty welll for those who didnt know. Like me.
http://www.businessinsider.com/do-you-know-where-your-securities-are-tonight-2011-4
The Fool, although I kinda cant stand them, offer a few good points. You cant gaurentee your shares arnt being lent out by creating a sell order. The only guarentee is keeping shares in a cash only account. If you have a margin account then your shares are more than likely on loan until your sale clears.
http://beta.fool.com/beatlesforever/2012/06/04/shortlending/5274/
Thanks man. Really good news!
Ive read that it takes 3 to 10 days. The oil should flow once pressurized. However, the pressure is greater in the beginning making more oil come out. They will have to give it a few days to get a good picture of what standard flow will be.
If anything there would be news of contractors arriving. They're due on the 25th. I'm not expecting production numbers until at least next week.
Just curious. Where do you guys think this stock would go if they actually produced 100 b/d?
Soorry Caz. Im not an upgraded member.
I'm not sweatin this dramatic drop in price even though my average is so high. I'm comfortable with proven oil and a set date for stimulation. All I was sayin is that well stimulation normally takes 3-10 days. We should see results within the first week of november should everything go as scheduled.
Starts on the 25th. Results from well stimulation is supposed to take 3-10 days.
"Our fracture stimulation contractor has informed us that they will be on location on October 25, 2013 to perform stimulation treatments on the LaNina and Covenant wells along with four additional wells. The company will report updated production news for all wells as soon as results are available.”
http://www.prweb.com/releases/2013/9/prweb11177901.htm
Link please, or are you going to start pumping now?
I think it's my phone. Shows up good on a computer.
What the hell happened to Petron Energy?!
https://www.google.com/finance?q=OTCBB%3APEII&rm=0&ei=iFdAUvDmF4P-qAGH4gE
Listed as private... Anyone know whats going on?
OTCQB is the middle tier of the OTC Markets. OTCQB is supposed to replace OTCBB... I still see OTCBB whenever on google though. QX is the top tier and Pinks are on the bottom.
http://www.otcmarkets.com/home
Read the descriptions.
Hey. I'm averaged at .065. No spare monies to average down with. Gotta stay optimistic.
Like I said. Stimulation starts in a couple days now. From what I've read results can take a couple days or a couple weeks. Results are right around the corner people!
Think 10 cents could become the new bottom when numbers are released?
Well stimulation begins in 3 days. Could expect an update within a couple weeks.
Petron Energy did teport on their wells. They stated that they had a minor set back in their quarter report. In this article they reiterated that fact and assured us that they are back on track. There should be an official update on the numbers come 13 Sep. Link below.
http://www.dailymarkets.com/stock/2013/08/26/petron-energy-ii-inc-reports-on-lanina-and-covenant-wells-in-its-oklahoma-properties/#/
How do you know they are signalling? Will the number corrispond with open bids, or completed orders?
I would love to see a steady climb here with a solid catalyst on Monday.
December could be in line with a renewal with apple. Their little agreent is up in Feb.
Im not sayin dump a position. I mean i have $3K i can put in today. The funds would settle next week. But $3K isnt going to be enough to drive the price up. News and a group effort could probably do it. We all put in limit bids and change it as the ask increases. Easy.
How many are out big bucks. Buuuut have a couple grand they can spare? Next marginal news day we need to buy the ask and raise this up.
I could see this running up a little bit in september. I dont think the new phone is going to be LM, though. A little bounce in anticipation, then right back to .08.
It does say production capacity. Am I reading it out of context?
All I'm sayin is that natural gas is starting to make some waves. Ford, an industry leader, is working on natural gas powered vehicles for next year. I've read articles about the shipping industries moving to natural gas in their semis. I can only think that as demand for natural gas increases the price will begin to increase as well.
My bad. 10mil CF/D. Its the second link in the news section.
http://www.marketwire.com/press-release/petron-energy-ii-inc-reports-50-increase-natural-gas-production-from-rework-operations-otcbb-peii-1818014.htm
"We have always believed that since we are the only transporter of natural gas to market in our exclusive area, along with the fact that the overall production capacity for the pipeline is 10 million cubic feet of gas per day, it provides us with a very unique advantage which we intend on capitalizing." Smith said.
Soo. Natural gas is about $3.5/1000CF. 10mil CF/1000 is 10000 X $3.5 is $35000 per day. If operated daily we're looking at around $3mil per quarter. Way better than 100bpd of oil.
Here's something to ponder. Petron Energy is pumping 1mil cubic feet of natural has a day, right? Found a cool article about Ford developing natural gas vehicles. Theyll have them out by 2014. Seems like PEII will be profitable in Q2 '14. Or all of it.
http://finance.yahoo.com/news/fords-f-150-trucks-run-203003445.html
Lol. Nice dude.
Can someone help me make sense of this? Okay. So we're all waiting for production levels to come out. Solid production levels will send this stock up and we all make money. I get that. However, the estimate on these levels is around 100 or so bpd. At the high end of 150 bpd at $100 per barrel we're looking at around $15K each day. Current natural gas production should be making them at least $30K each day. Yet the stock is being shorted to nothing... Did I miss something?
I underestimated the dollar ammounts on purpose.
Are you so concerned with 400000 shares that you would desire to file some sort of lawsuit? The company cleared their debts. They are funded through Q1 14. I would imagine that worse case senario apple signs another agreement here. I cant imagine they would let their investment go to waste. Why would you try to take the company down now?
Okay. Only because i hate razor burn as much as anyone else. When youre finisged shaving submurge your razor in extra virgin olive oil. Just rinse it off when you shave. I dont understand why but it keeps the blade from rusting. Ive been using a disposable for almost three months now and it has a smoother shave than a new razor.
Touche. I aksed gow to sharpen the knife... Lol.
I spoke with Vmatter customer care about their knives. Theor knives are 100% Liquidmetal. You can go to their online shop and purchase them now if you like. I asked if they had plans to mass produce or to maintain them as a collector's item. They are planning on full production and said they would have retail available before the end of the year.
I can paste my emails if you like.
Anyways. Seems like a positive. I'm very interested to see what happens.
Will do. Thanks.
Okay. I read the blog post from june. Great potential for LM's application to blades. Where did you hear that theyre going to start manufacturing?
Oh. Anyone have a date for thos quarter's report?
What posesses a stock like this to drop to a penny? They just released a new game on xbox. I played it, and it's pretty decent. I dont get it...