Fighting with the Patriots to keep America Alive
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ALLY should be bottoming out. Watch that one:).
M&M Man
EZ. . .AELA looks to have a base around 4.80. Very thinly traded stock, as well. Interesting company, however. It might be worth throwing a few quarters into when it picks up trading activity / bases. Will keep an eye on that one.
Peace,
M&M Man
Priceline.com Inc. Reiterated Its Q2 And Full Year Guidance [PCLN]
5/23/02 8:43:33 AM Priceline.com Inc. (PCLN) reiterated both its second quarter and full year 2002 earnings guidance after the bell on Wednesday.
Priceline.com Inc. gapped down slightly Wednesday morning and took out the lows of the day going into the close, to finish down by 0.11 at $3.93 on average volume. The stock closed testing some support at the lower end of a 3 1/2 month trading range.
M&M Man
EZ. . .take a look at EENC's rating on that scale:). I'm gathering those shells while the tide is down!
Peace,
M&M Man
So, who was this dude on the Ihub thread? His information was also posted on the HRCT thread. It doesn't appear too many people have sympathy for the dude:(.
Peace,
M&M Man
Anyone watching the charts on LGOV? eom
M&M Man
Thanks Spooky! eom:)
M&M Man
EZ. . .Nope, I don't have a link for it. Check with Iman over on the HRCT thread and see if he does (I copied it from his post). Pretty interesting!
Peace,
M&M Man
S&P gets tough -- and Buffett bets on a fall
Even as a mini-rally percolates, the bastions of bullishness are recognizing reality, one sharpening its standards and the other placing bearish bets.
By Bill Fleckenstein
Pumping earnings with artificial byproducts isn't getting any easier for Corporate America today, as even the foot-draggers at Standard & Poor’s last week announced strict new guidelines for calculating profits. Share prices will go south when investors realize they've been paying even more for less.
In recognition of that eventual trajectory, the dean of all investors, Warren Buffett, has bought derivatives to bet against the S&P 500 ($INX).
M&M Man
Anyone heard anything about when/if this thing is going to R/M with Sinobull? I'm hoping this thing transpires. Things can't be good for HRCT, if they don't.
Peace,
M&M Man
One for the road. . .
Sycamore Networks Inc. Reported A Narrower Q3 Loss [SCMR]
5/22/02 7:49:46 AM Sycamore Networks Inc. (SCMR) reported a third quarter EPS loss of $0.10 after the close on Tuesday, which beat consensus estimates by $0.01 per share. Revenues for the quarter dropped 75% to $13.6 million from the $54.2 million reported last year.
Sycamore Networks Inc. is a thinly traded stock that pulled back gradually for the first half of Tuesday's session, to close down by 0.07 at $3.58 on average volume. CS First Boston raised its full year 2002 and 2003 estimates on the stock this morning.
M&M Man
Thanks John eom.
M&M Man
ITET is moving nicely, today. Give it a day LOL! AMNA should be at their bottom. It's a very STRANGE market out there.
Peace,
M&M Man
Arch. . .LOL! I merely wish the market would return to the days of 99! :)
Peace,
M&M Man
The market in general is "down." Laforza is not a mid-cap stock, it is a penny/micro-cap stock. Why are you comparing Laforza with mid-cap stocks? Take the comment and let it go at that. Read what you are writing and try to figure out what people are supposed to take from your print. Apparently you are leaving a lot out. . .because I still cannot figure out what you are inferring by promoting a "quiet period" that lasts forever with a microcap stock (which are ALL NEWS GENERATED. . .ie. . .to spell it out for you, the price can only MOVE on NEWS!!) which is what you appear to be inferring. Hello, McFly!
Peace,
M&M Man
John,
I'm all for that. Lets see if we can make that happen. I'm just a quarter shy of a million shares in this company. In reality, I own 1/100th of the company! That could change to 1/90th of the company in the next month. That is, if they'll get their act together and let investors know if they are going to make the grade out of nowhereland and into production. I still have no understanding of Evan's reaction/statements. Does he expect investors to be "fortunetellers?" and trust rumors? If the "straight-forward" facts are going to be presented for others to jump on the wagon. . .they had better be presented while investors (those who remain) are watching. And Bob had better figure out that the SHOP will not remain OPEN without support from their investors. This "paranoid" BS from people running a public company is a crock. If they have what they say and they can produce it. . .there is NOTHING to be paranoid about (unless they are fraudsters). A competent and confident leadership team should be percolating right now. . .without any incidence of paranoia. I'd like to know how Hopps figures he can pull this one off.
Peace,
M&M Man
Evan. . .LMAO! What are you talking about? Take a look at the PRs on Microsoft for the past 24 hours LOL! They do DAILY PR reports. . .and typically, hourly. You must not have much experience in the stock market. Most companies whose stock performs KEEP THEIR INVESTORS UPDATED ON A REGULAR BASIS. As far as WEEKS between PRs for MAJOR companies (I'd like to know what you call major) that is a crock of crap. Period! Drop your emotions and think logically. Anyone that doesn't believe the company needs to update the market is WAY OUT THERE! EOS.
Peace,
M&M Man
7.7 million shares already traded on ADSX. Holy smokes! eom
M&M Man
Arch, it has to make one wonder how a company with only 10 million shares in the float can trade nearly 6 million shares (granted, there will be some selling) in one day without seeing a significant increase in the share price. I would assume that people have been accumulating that one at 3 to 4 cents and not selling. ?? Interesting numbers.
Peace,
M&M Man
I wonder if the company intends on releasing any news in the near future? For a company that is in dire need of raising capital. . .I can't understand the quietness. ?? They really need to work on following up with their investors.
Peace,
M&M Man
HRCT going up:). . .anyone in at 12.5 cents? eom
M&M Man
Arch, how's this for a "cup-with-a-handle" formation! >>>>>>>>>>>>>>>>>>>>>>
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&3fval0=204&4fval0=2...
:)
Peace,
M&M Man
Enterra doubles its production in Q1, 2002 (US version)
CALGARY, May 16, 2002 /PRNewswire via COMTEX/ -- (NASDAQ: EENC), (CDNX: ENT) Enterra Energy Corp. today reported financial results for its first quarter ended March 31, 2002.
All amounts in this news release, except volumes, are expressed in US dollars. All revenue, expenses and cash flow amounts have been originally prepared under Canadian GAAP in Canadian dollars. These items were then translated into US dollars using an exchange rate of 1.5946 for Q1, 2002 (1.5278 for Q1, 2001 comparatives).
Some of the highlights include the following items in Q1, 2002 as compared to Q1, 2001:
- Increased Q1 production by 97% from 1,232 boe/day to 2,422 boe/day
- Increased Q1 revenue by 25% from US$2.8 million to US$3.5 million
- Increased Q1 operating cash flow by 30% from US$1.2 million to US$1.5
million
- Increased Q1 earnings by 394% from US$0.4 million to US$2 million
- Decreased Q1 operating costs per boe by 39% from US$8.09 to US$4.94
- Decreased Q1 administrative expenses per boe by 53% from US$1.52 to
US$0.71
- Strengthened balance sheet by redeeming preferred shares at a
substantial discount, resulting in a gain of US$1.8 million
Net earnings for the quarter were US$1,875,252 (a 394% increase over the same period in 2001) or US$0.22 on a per share basis (compared to US$0.07 per share in 2001). Included in the Q1, 2002 earnings was a one-time gain of US$1.8 million as a result of the Company redeeming 83% of its Series 1 preferred shares for US$1.4 million. Enterra was able to redeem over 6 million Series 1 preferred shares for approximately US$0.23 per share, a 56% discount over their stated redemption value of US$0.53 per share. "Enterra saved US$1.8 million by acting quickly when a unique opportunity presented itself to us" said Reg Greenslade, President and CEO of Enterra. "Our balance sheet is now much stronger as a result of this transaction."
Enterra increased its cash flow by 30% in Q1, 2002 to US$1.5 million (compared to US$1.2 million in Q1, 2001 after excluding last year's one-time US$975,000 gain related to the settlement of hedges) or US$0.17 on a per share basis (compared to US$0.22 per share in 2001, again excluding the impact of the gain on settlement of hedges). "As we mentioned in our 2001 Annual Report," said Mr. Greenslade, "cash flow is the most important criteria for us in managing the affairs of the Company. To be able to actually increase operating cash flow in a quarter where prices were, on average, 36% lower than one year ago is a tremendous accomplishment. We have managed to reduce our administrative expenses by 53% and our operating costs by 39% while increasing our production by 97%."
Drilling activity in the first quarter resulted in a significant discovery at Gordondale where gas was found in four separate formations. The discovery well is already on production at more than 2 mmcf/day. Enterra has identified 15 or more additional potential drilling locations ranging from 200 meters to 2,450 meters. The area has multi-zone potential with more than 10 different producing formations. Enterra is the operator of the well and holds interests ranging from 30% (including the discovery well) to 100% over 5,600 acres.
2002 guidance
"Guidance is a difficult process, even during periods of stable prices." said John McGrain, Enterra's Chairman, "Oil is very much a political commodity which fluctuates according to many factors outside of the traditional pressures of supply and demand. Commodity prices have recently fluctuated by as much as 50%. Providing guidance within the current pricing environment could potentially damage Enterra's credibility, something we value greatly. However, we feel confident in our proven ability to increase production and we continue to target an exit production rate of 5,000 boe/day by the end of 2002. Based on current prices, such a production rate would translate into approximately US$45 million in revenue and US$18 million in cash flow on an annualized basis."
Additional information can be obtained at the Company's website at www.enterraenergy.com
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release
Statements regarding anticipated oil and gas production and other oil and gas operating activities, including the costs and timing of those activities, are "forward-looking statements". These statements involve risks that could significantly impact the Company. These risks include, but are not limited to, adverse general economic conditions, operating hazards, drilling risks, inherent uncertainties in interpreting engineering and geologic data, competition, reduced availability of drilling and other well services, fluctuations in oil and gas prices and prices for drilling and other well services and government regulation and foreign political risks, as well as other risks commonly associated with the exploration and development of oil and gas properties.
The March 31, 2002 results are summarized below in US dollars (except for volumes) using a 1.5946 foreign exchange rate for Q1, 2002 and 1.5278 for Q1, 2001:
<<
Summarized financial and operational data
(in Thousand's except for volumes and per share amounts)
-------------------------------------------------------------------------
Quarter ended March 31 (in US dollars) 2002 2001 Change
-------------------------------------------------------------------------
Average production rate during quarter
(boe per day) 2,422 1,232 + 97%
Average production revenue $ 3,511 $ 2,807 + 25%
Cash flow from operations for the
quarter (x) $ 1,527 $ 1,178 + 30%
Cash flow per share for the quarter (x) $ 0.17 $ 0.22 - 22%
Cash flow for the quarter, as reported $ 1,527 $ 2,153 - 29%
Cash flow per share, as reported $ 0.17 $ 0.39 - 58%
Net earnings for the quarter, as reported $ 1,975 $ 399 + 394%
Net earnings per share for the quarter,
as reported $ 0.22 $ 0.07 + 196%
Net earnings for the quarter without
gain (xx) $ 153 $ 399 - 62%
Net earnings per share without gain (xx) $ 0.02 $ 0.07 - 77%
Average number of shares outstanding
during quarter 9,150,622 5,470,245 + 68%
Average price per bbl of oil during
quarter $ 17.29 $ 24.69 - 30%
Average price per mcf of natural gas
during quarter $ 2.25 $ 5.84 - 62%
Operating costs per boe during quarter $ 4.94 $ 8.09 - 39%
General and administrative expenses per
boe during quarter $ 0.71 $ 1.52 - 53%
-------------------------------------------------------------------------
(x) Excludes the 2001 US$975,000 one-time gain on settlement of hedges
(xx) Excludes the 2002 US$1.8 million one-time gain on redemption of
preferred shares
>>
The selected financial information presented in this table was originally prepared under Canadian GAAP in Canadian dollars. All Canadian dollar amounts were then translated in US dollars using a 1.5946 foreign exchange rate for Q1, 2002 and 1.5278 for Q1, 2001.
SOURCE Enterra Energy Corp.
CONTACT: Reg J. Greenslade, President and Chief
Executive Officer, 403-213-2507, Luc Chartrand, Chief Financial Officer,
403-213-2502
(ENT. EENC)
www.prnewswire.com
Copyright (C) 2002 PR Newswire. All rights reserved.
-0-
M&M Man
EENC earnings increase 394% over same quarter from a year ago. Watch that one, today! eom
Peace,
M&M Man
EZ. . .that's always possible, I suppose. But it would seem that the company will lose some credibility if they lose their Nasdaq listing. I believe the Nasdaq has returned their policy to the "maintaining a two-dollar" pricetag (for 60 days?). I'm not sure, however, when the deadline is in effect. Does anyone else know? Because there are a LOT of companies that could lose their listings!
Peace,
M&M Man
KM not much better >>>>>>>>>>>>>>>>>>>
http://smartmoney.com/bn/ON/index.cfm?story=ON-20020515-001089-1915
Peace,
M&M Man
I have a feeling ADSX has been doing everything possible to maintain their Nasdaq NM listing. Now that their auditors want to keep them on the "up and up," (and we're all too familiar with auditors who violate market principles) they are disputing the auditors recommendations. . .and doing everything possible to bend the rules so they can continue trading towards the two-dollar range. Could be a good one to watch for a sell-off on. If the pattern continues, ADSX will find something else to motivate buyers LOL.
Peace,
M&M Man
EZ. . .any way you look at it. . .DADE! LOL
This thing needs some attention from management!
Peace,
M&M Man
Smokin Joe. . .It doesn't get any better than that:) eom
M&M Man
EREX is up another 40%:) I'm still waiting to see what happens to GTCI and JANX, this month. Will find out if I was duped LOL. In this market, nothing surprises me anymore.
EENT and KCS. . .They should turn out to be frugal investments this year.
GE also looks good at present valuation.
LFZA ~~ If this one comes off the ground like Tom C brought Porche, Hyundai and Autobytel.com off the ground. . .this stock is going to rock. Big time. Then again, if the 4.8 million financing doesn't go through there isn't going to be much rocking. Based on information I have heard and what I've read, I give the company a 50% chance of survival. If it survives, like I said, the stock will rock. Particularly if there is any news on the application for the BBX and securing the 4.8 million dollar financing package from LDI. This company reminds me of USMC (a motorcycle clone of Harley Davidson) that just couldn't get their situation together. BUT. . .and this is a BIG BUT. . .LFZA has grabbed Ciresa and put him as CEO of LDI. That is the ONLY thing the company has going for it right now. As far as sales and revenues go. . .on the pink sheets. . .and we all know why companies are on the pinks. They won't need to report until they list on the BBX. And that won't be until next year. I do not see them wasting time with an OTC BB listing. Great long term accumulate if they list on the BBX. It's a "patience, grasshopper" kinda stock LOL!
Peace,
M&M Man
Load up now eom
M&M Man
John. . .still watching >>>>>>>>>>>>
http://host.wallstreetcity.com/wsc2/Chart.html?Symbol=LFZA&Timespan=260
Peace,
M&M Man
Looks like we bounced off of .012 this time around. A little news would be divine. If LFZA can lock up that 4.8 million this thing could bust out. I guess we'll find out within the next month or so. Still hanging tight and accumulating in the dips. One thing is for certain. . .if they don't make it, I'll have enough paper to go around for everyone LOL!
Peace,
M&M Man
David. . .in this market, there's lots of riding going on! LOL! Just be ready to jump when it starts bucking!
:)
Peace,
M&M Man
David. . .it looks like a pullback after a recent run of over 50%. Should be interesting to watch through the noon hour! :)
Peace,
M&M Man
LOL, Tim! I sure hope so! LOL I was hoping for 10 cents LOL!
Peace,
(EENC is a good one for the BTS thread:))
M&M Man
**EENC. . .bid and ask moving up on low volume. Quarterly due out on the 16th. Look for a good bump on that one. Great leadership team in place and in viable industry:)
Peace,
M&M Man
USXP. . .lots of rumors on RB about BIG NEWS forthcoming. Appears to be coming off of a low:
http://host.wallstreetcity.com/wsc2/chart.html?0fval0=104&1fval0=216&1val0=216&1val1=20&...
Peace,
M&M Man
PCEL is going to blow:). Check out the chart eom.
http://host.wallstreetcity.com/wsc2/Chart.html?Timespan=260&0fval0=104&1fval0=216&1val0=...
M&M Man
Futures: http://cnnfn.cnn.com/markets/morning_call/
M&M Man