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Brent. You can buy PAN.V using it’s pink symbol: PANNF.PK. For example, with AmeriTrade you can do this online, just like for any other pinky: first check current bid/ask with some source of real time quotes for Canadian stocks (i.e. Fidelity can do this), then convert ask into US $, add 1-2 cents and place a bid. I don’t own PAN.V but regularly trade Canadian stocks. OTOH, Scottrade allows you to purchase directly on Canadian exchanges, with original symbol. But I stopped using them because every time I had to call broker and pay high commission ($17?). Ameritrade Izone charges me just $5 for any trade. You can test your online broker right now to see whether you can enter order for PANNF.
Good luck with your plans!
http://www.writerswrite.com/journal/dec99/pirillo1.htm
"ONE OF THE BIGGEST MISTAKES PEOPLE MAKE IS TO TYPE WITH THEIR CAPS LOCK ON. All-caps might look cool to you, but experienced users will write you off as an idiot. It's okay to use all-caps for headings and/or titles in your messages, or even to EMPHASIZE certain words, but anything beyond that is equivalent to screaming at someone. Do you like being yelled at? "
BTW, talking about SLJB… We all have different risk tolerance and financial conditions. A few hundreds thousand shares position on this one would put me on suicide watch. :) So, I admire other posters courage, and hope they will be rewarded. It was my second entry yesterday. Counting the gains from the first trade I am at 0.02 average. Thinking about selling ½ of the position on any noticeable rebound and let the rest “free shares” to participate in unfolding drama.
I have been looking at PYPR for some time, and finally bought yesterday after Stock H.O.G. mentioned it on H.I.S. Spent some time reading PYPR board then and maybe will hold it longer than I initially thought. Thanks guys! This board has become a "quality detector" that helps me to filter gems from penny sludge. Two recent purchases: CKYS and PYPR were done under H.I.S. influence. I do feel like I don’t contribute enough, but I will try! :)
My current penny holdings (in $ decreasing order): NWOG, SPRL, NNRF, AURC, SIBN, CKYS, PYPR, CWRN, SLJB. SPRL is my old play and would be the first I recommend as a buy now.
One sad conclusion from my recent penny experience – the more I trade them, the better result. CWRN is a good example: price dropped more than 5 times from my first entry, but I am still in the green and feel pretty good about this position. OTOH, my favorite and biggest position – NWOG doesn’t treat me too well so far… maybe because I don’t flip it often enough. :)
<<Moreover, PYPR executed a forward split after its reverse merger, which would account for most if not all of the high o/s.>>
For educational purpose... could someone explain the logic behind the forward split for sub-penny company like Paypro?
After buying 10K @ 0.125 a minute ago I have two stocks in my portfolio: NDOL and NWOG. I like both. :)
With all today's damage SLJB is technically broken now. All we can expect short-term (and I am not looking any further) - bounce to 0.06-0.07. (IMO)
I am in heavy trading mode today :) - started PYPR position @ 0.005 .
I just bought @ 0.04 to support your position. :) Gambling money at this point.
BTW, what would be the market reaction if instead of "forward split" they announced "500% Stock Dividend to Shareholders" like they did in May:
http://biz.yahoo.com/iw/060518/0130170.html ?
I have done some googling and the only negative scenario for forward split: company is looking for financing and paying shares. Bigger float and higher daily volume could be a lender’s requirements (to make it easier to sell or short shares). I don’t think this is the case here. Management is aware about this practice (remember Bob’s message posted some time ago, where he tipped that would rather take company private). Other scenarios: “They need to pass this if they are going to partner up or sell the company and keep a percentage of sales profits. One more reason to assign the shares is for a possible IPO.” Aren't we looking for new JV?
I expect some positive news now. Today’s price drop could be a confusion – people probably think about reverse split? Anyway, I re-started my CWRN position – picked up a few shares at 0.015-0.016.
They don't count NDOL's resources added after the merger. IMO.
This stock may be ready to move … hopefully up and hopefully soon. :)
Expected events:
1. November, 20 – expiration of 60 days of DD, that were given to SIBN by Option Agreement with Key Brokerage. If SIBN decides to enter into transaction this will mean expansion of business into Western Siberia (Khanty-Mansiysk), and, actually, set the floor for share price at $2.2 (strike price for warrants).
2. November, 28 – auction for two additional fields in Kurgan region. SIBN is going to win (almost guaranteed).
3. In December they start drilling of 4 wells on Kurgan fields. Not sure when we may hear about first results (probably as early as Summer, 2007). But if positive – this will be huge news. Watching discussion in Russian press, they compare this to discoveries in Western Siberia (Tyumen). New perspective area - Zauralye will be opened for oil production, and , based on current estimates of reserves, this should move SIBN price to double digit territory.
IMO.
This article from Latvian newspaper "Telegraph" clarifies who is selling oil terminal to NWOG. My first experience of using Babel Fish, which is responsible for poor quality of translation. :)
Russian petroleum company will purchase terminal in The liyepayskom port SeaNews The proposed by Latvian Liyepayskim port possibilities interested North Western petroleum group - the representatives of this Russian company reported that we could purchase terminal on the trans-shipment of petroleum residue working in this port, reported the Latvian newspaper "telegraph". In the communication to Russian petroleum company it is indicated that the purchase of terminal in The liyepayskom port could be completed during November and would allow company to increase the profitability of sale of resources and to ensure additional incomes from the services of transit. Newspaper indicates that in The liyepayskom port petroleum residue they cross two terminals, that belong to firms Glen Oil and Baltic Bunkering Company. According to the information, given to "telegraph" by unofficial source, the belonging Glen Oil terminal sold not will be, about which indirectly it testifies and its recently initiated large modernization. Consequently, is more real sale of terminal Baltic Bunkering Company. North Western petroleum group is created in 2004 in Saint Petersburg. On the calculations of specialists, the total volume of its natural resources is calculated in 7-8 mln t. Liyepayskiy port on freight traffic occupies the third place among the Latvian ports.
http://www.assoneft.ru/press/press.html?id=951
Yesterday people were wondering whether the company is still alive, today they want audited finances, tomorrow they will demand dividend… We are moving in a right direction. :)
<<I wouldn't be surprised some posters on this board are accumulating while they keep whining about NWOG>>
I don’t know if I am qualified as a whiner, but I did “accumulate” another 10K at $0.13 today… :)
Thanks, Brent. And CKYS is doing just great - very happy entry for me ~70% in a couple of days.
Is this the same Ilya Gerol - Russian journalist and writer, lives in Canada? http://www.sferamm.ru/books/authorbio3906.html
Looks like he is (Latvia, Riga, Middle East, etc.). Very strange figure for BOD… and reputation in Russian “literature circles” is rather negative – “untalented and stupid”.
Thanks euddoggwyn.
Interesting... "Canadian of Russian descent". Do you know how to spell this name (Gerol) in Russian or have any links (sounds unusual)? Do you think Makarov still has some influence on NWOG events?
“The company stated that in accordance with SEC regulation, that all shares issued for the merger to the shareholders of the North-West Oil Group will be restricted from selling and will be legend according to rule 144 of the securities Act.”
http://biz.yahoo.com/iw/060511/0128793.html (5/11/2006)
Rule 144: Selling Restricted and Control Securities:
http://www.sec.gov/investor/pubs/rule144.htm
1. Holding Period. Before you may sell restricted securities in the marketplace, you must hold them for at least one year.
…
3. Trading Volume Formula. After the one-year holding period, the number of shares you may sell during any three-month period can't exceed the greater of 1% of the outstanding shares of the same class being sold, or if the class is listed on a stock exchange or quoted on Nasdaq, the greater of 1% or the average reported weekly trading volume during the four weeks preceding the filing a notice of the sale on Form 144.
After spending some time checking your "What about?":
1) Purchase of Saratovgeofizika?
As of October 1, 2006 88.89% shares of NK SaratovNefteGeofizika were held by Eastoil Holding Gesellschaft m.b.H. (Austria) - no changes since 3/15/2002.
http://www.e-disclosure.ru/portal/company.aspx?id=2894
Well, added those 2000 @ 0.63 Let's move up now! :)
Yes, who? :)
<<The market doesn't care about gas stations, ports and small $15 million dollar deals etc.>>
This "port deal" seems to be the most significant one among last week’s frenzy of announcements. First, I see it reposted in Latvia’s press, which kind of confirms the fact. Second, they included very close deadline: “the transaction will be completed before the end of November 2006”. It’s hard to believe that after all those missed terms NWOG is setting itself for the next miss. Third, the whole idea of “sale of our own resources” returns us to the prospects of JV with Cartyle Group, discovered by euddoggwyn.
Sorry to disappoint you with my post. :)
BTW, although I believe NWOG real value is much more than $0.5/share (and posted my estimates several times), the statement: “The current market value for 200 million barrels of crude oil is approximately USD $14,000,000,000.” from http://biz.yahoo.com/iw/060516/0129552.html , which you probably used for your “$14 billions in reserves” is so ridiculous that can’t be even seriously discussed. First, with current oil price around $60 it would be $12 bln. Second, we have discussed a hundred times, that there is a difference between oil produced, oil that could be produced (proven), and oil hopefully to be produced (probable). Assuming that 200 mln bls is correct and confirmed by audit, the buyout price for this reserves would be somewhere in $10-15/brl range (maybe less due to “Russian discount”). Which gives $2 – 3 bln in reserves. Of course, this is still $2-3/share, probably $2.17 :).
BTW, while you are disappointed with my previous and probably this one post, I’d like to remind you to keep your average low enough (at least below $0.5). It never hurts, right? Even if the management works days and nights to deliver us those $14 bln.
It’s not higher exchange itself that makes a difference, it’s audited finances if they confirm unaudited numbers from NWOG PRs. Audited results will set the floor for “unfriendly” buyouts and dictate AIM IPO price (if we ever get there). I find the information that DT is not going to be our nomad for AIM listing (reported by debelg) the most disturbing fact. Kind of rises suspicion about the purpose of this audit. And, except higher listing, it could be only buyout talks. One of the unwritten rules of friendly buyout – the purchase price is usually close to 52-week high. So, if this had to happen today, we would probably see something above $1. But in May, 2007 they can easily sell the company for $0.5-0.7/sh. Besides, I am not sure it would be a “friendly” act toward US shareholders. I used to own a couple of stocks that were deliberately brought down by management team. Later, the same management “saved” desperate shareholders from their misery with buyout or “going private" offers. Hopefully, we won’t see it here… just being in a bad mood. :) My basic scenario for now: they are throwing “almost empty” PRs to establish a decent price floor. Then we will see "real news" and price rally (maybe as late as next Spring).
Has anybody received confirmation from Deloitte that NWOG is their client now? No response to my email.
“Two other obstacles remain: Russia must overcome Georgia's opposition to its entry, and the U.S. Congress must vote to normalize trade relations with Russia.
Georgia Opposes
Every WTO member must agree before a new country can join the trade arbiter, so Georgia's opposition will still keep Russia out of the WTO. And even after negotiating the individual agreements, Russia will have to undertake general talks with the WTO members as a whole. “
http://www.bloomberg.com/apps/news?pid=20601087&sid=a29soTxnsQPI&refer=home
I agree, this is a very positive development. Moreover, I suspect US raised “Georgia question” during these talks, and maybe some kind of compromise was reached. And yes, there is still a “junk” that nobody can produce better than USA (like airplanes, some industrial equipment, etc.).
First, they are buying this “junk” in the same place where we do – from China. Second, US wasn’t the main obstacle for Russia’s entry to WTO. Russian neighbor (WTO member) – Georgia will veto any decision. They are in pre-war stage with Russia.
Brent,
I started a small CKYS position today with some room to average up or down. Not sure, how long I will be able to hold :), but I like what I see. Thank you for you DD and reports, both here and on CKYS board. Of course, I would feel more comfortable if wrongjoe could give us his estimates, but I don’t dare to ask him. :) (Joe, we are talking about projected P/E = 0.5 at these price levels!)
Interesting interview with Russian ambassador in Latvia (2005, in Russian):
http://www.latvia.mid.ru/news/ru/050119.html
Summary:
1. By 2010 Russia is going to process 95% of it’s cargo through Russian terminals.
2. Latvian ports have advantages over Russian - they do not freeze.
3. Latvian terminals (he is talking particularly about Ventspils) should “search for Russian strategic investors with raw-material base”. Participation of Russian capital.
4. The government of Moscow now examines proposals on the privatization of Latvian terminals.
Bottom line (in my interpretation): Russia will use Latvian terminals if they belong to Russia. :) NWOG is a part of this process.
I am afraid this alias has committed suicide this morning:
http://www.investorshub.com/boards/read_msg.asp?message_id=14647976
:)
Well, 50K is mine. Have been watching for a while and finally started position.
Yes, I know. When I re-started my NDOL position few months ago, I was looking for the ways to invest in Russneft. And the only indirect possibility was: RussNeft ->Glencore -> Credit Suiss. Still have CS in my watch list, but never got in.
As I remember, NWOG-Geneva was bidding for Yukos Transpetrol (with foreign partner). Probably all foreign acquisitions go through this division.
This deal (if completed) is another evidence of NWOG’s high level connections in Russian Government. Latvian oil terminals are subjects of Latvian-Russian conflict. They entirely depend on Russian oil, and Russia cuts the oil flow, builds it’s own terminals on Baltic Sea, etc. Latvia interprets this as political pressure, and is selling government stakes to private companies (recent example: http://www.iht.com/articles/ap/2006/10/05/business/EU_FIN_Latvia_Oil_Terminal.php )
One would be stupid to buy Latvian terminal w/o getting high level Russian support first.
IMO.
So, what do you expect from Parkin & Co? He is "caring about himself,..let alone,...caring about oneself more than other shareholders on a message board". :)
OK, I did... 30K more at 0.0105
I can’t put this in numbers, but I would say: part of NWOG that merged with NDOL represented almost 100% of NWOG’s today, and other two, NWOG-MOL, NWOG-Geneva represented NWOG’s tomorrow. Expansion in West Siberia (which is a question now, after selling Surgut-7) and multiple international deals. Instead of locking us around Saratov/Samara wells they gave us a piece of future great company. Of course, this piece is less than it used to be, but it might be justified. I don’t know how anybody can still claim that NWOG is a scam. NWOG has a great future (IMO). The problem - our role in this future is entirely in management’s (DINA’s) hands. I hope they won’t be so greedy and let that miserable 4% to get their piece of cake. :)
Brent,
I don't have PMs here on iHub, so just sent you e-mail. Hope you don't mind?