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Jagman, regarding your private message. It is a sign of respect. I am sure that is why it must seem so foreign to you.
666 is MM affirming he is evil
That's going to make it difficult to flip also. No selling pressure, low volume, weekend coming, prs expected whenever and of course the other big expectations.
Or in the case of Mr. Lowman one hundred thousand dollars short. LOL
"Amex will be cool!!" I really like your enthusiasm and agree with you completely. I know Keith does not want to be bothered but I just want to know, are we there yet. LOL
I wonder how long it takes on average for a company to make the transition. I am sure Keith and Wilshire will do it right and as quickly as is possible.
Friends and family yes. Most under .40 which is not far in the future. Here is an excerpt from an email my realtor sent yesterday.
Hi J, Thanks for the reminder. I got another 1000 @.24 today. Now have 5000 shares. Regards, Pete
He is not disappointed. In fact I am sure he is happy to gain 25-33% in just two days. Wish I could do that on a regular basis. I think it is called "cherrypicking" when you only mention things you want to emphasize. If hemi does go to AMEX and all its requirements are being met, will you have any ammo left to try to dissuade potential investors?
Jagman
I am glad this poster had already purchased before you talked about Hemi being a HIGH RISK pinkie stock. "Dont risk more than you can afford to lose." In fact pink sheet stocks are HIGH RISK/HIGH REWARD stocks. Hopefully investors are big boys and girls and understand the risks. Up from .22 to .32 in a couple of trading days is a return of only 45% in less than a week. Of course hemi really does not have the fundamentals of a classic pink sheet stock, dilution, debt, blah, blah, blah. This point always seems to be omitted when you are trying to save the money of potential investors.
It really is difficult to think of Hemi as a pink. It certainly has NONE of the characteristics of a pinkie, high debt, non-positive cash flow, net losses, dilution. We should all count ourselves as especially fortunate to have found Hemi.
And with the geological archive Keith and Craig have at their disposal, they would know if that is a good value or not.
We do not really know the exact relationship yet. I am sure they have it set up to do what they need to do as far as legality of purchasing. But as Jagman likes to point out. This is pinkieland, practically anything goes!!!!! LOL!!!!!
He hates it when I mirror my posts with multiple!!!!!!
Lowman I was wondering when that point was going to be made. Wilshire knows the value of hemi, better than us. While shares are waaaaay undervalued they should be buying. They, apparently, are not going to get shares directly from the company. Can they buy quietly and keep the price low or will we see the effects of their participation?
For the moment
.28 is great
.29 is fine
but it would really make me feel alive
to close over .35
It means it held the previous day's gains well into today. Starting to look like the last run up.
I would not mind seeing a pr late Friday, even after market close. It would give investors the entire weekend to research hemi. I know that is usually when bad news is issued, but in the case of hemi, the more people research the more they will like it.
Hemi is poised to move with a decent pr.
I personally will not believe the sky is falling until itappears in a press release and audited by a reputable third party.
That is one example of why oil, especially domestic oil is such a great sector to be in. Al qaeda is still determined to hit Saudi Arabia's oil infratructure and with the political issues in Iran, Nigeria, Venezuela there is continuous uncertainty of foreign oil supplies. Add to that China's booming economy and growing demand, it makes companys like hemi even more attractive, even without its superb fundamentals.
Notice the part about shallow drilling in kansas for quick ROI then moving on to bigger payoffs. Thought it was hemi for awhile, but hemi is even better I think.
Some Thoughts on Profits in the Oil Patch
Bob Moriarty
Archives
June 5, 2007
Investors in natural resources need to accept a few givens. As far as mining goes, failure is the norm. The average junior (and many seniors) will never operate at a profit. The average junior will never find a mineable deposit. That doesn't mean they aren't worth investing in, indeed, the opportunity for profit in trading shares of juniors is great indeed.
But in the energy sector, cash flow and profit are critical to running a good company. You simply cannot operate an energy company according to the drill and print shares; drill and print shares model so common in mining.
I've looked over our stable of advertisers and I found a company with near-term cash flow and profit. It seems to me they have not yet made it onto the radar screen of investors and I want to take this opportunity to bring them to the attention of 321energy readers. I really like the company and their business model.
I think they demonstrate a point I want all our readers to understand. There are thousands of juniors mining and energy companies out there. And hundreds of great and compelling stories.
The few companies smart enough to advertise know they have something worth owning and telling the story about. While there is a vibrant and lively gold/silver community, no such thing exists for energy. There is no core of energy "bugs" as there is with both gold and silver. There will be one day soon, peak oil is real and it's past and prices are going to go a hell of a lot higher.
The companies who chose to advertise on 321energy want to tell their stories. You owe it to yourself to visit every single sponsor and read their story; there are so many good investment stories.
Index Oil and Gas (IXOG-OTCBB) is a four-year-old London formed; Houston, Texas based; oil and natural gas company with a solid business model. They set out to invest in US properties. After all the US consumes 16% of the world's energy just to power our automobiles. They found a number of small and relatively safe properties in Kansas, Texas, Mississippi, Louisiana, and Alabama.
They began with drilling short, shallow holes in Kansas with high drilling success and used the cash flow from those operations to move into higher risk but much higher payout wells nearer to the Gulf Coast. Production has pretty much doubled every year for four years and reached 25 barrels a day in the quarter ended December 31, 2006.
25 barrels a day doesn't sound like much but when you consider a business model designed to maintain a 100% increase every year, cash flow goes up damned quick.
I participated in a conference call a few days ago and Company Chairman Dan Murphy explained that the company was at a 30 BOEPD rate and intended to manage an increase to 100 BOEPD rate in 12 months. I think they will accomplish it.
Index's activity over the last three years consisted of drilling in known production fields. It was production drilling, not exploration drilling. In the last year, the company drilled 12 wells with a success rate of 75%. Three wells were capped and abandoned. They now have revenue from 19 productive wells, up from 8 in 2004.
Index has progressed into what I call Phase II of their business plan with moves into the Gulf Coast region. It's a lot more ambitious. The oil and gas plays targeted are both deeper (more expensive) and larger. (Higher revenue per dollar of investment) The company is also taking larger positions in their share of each well. Again, it's more expensive but cash flow goes up a lot faster. The company has spent three years forming relationships and building infrastructure.
Investing today, you are not buying current production; you are buying a 100% growth rate and four years of getting ready to hit the big time. Wall Street and Bay Street factor in future production and growth rate and IXOG has a great growth rate as well as excellent current production.
Of all the energy companies I follow, IXOG has one of the best-defined models. It just happens to be a model I agree with. Energy prices are going a lot higher. The companies who will benefit the most are those with depth of management in place and infrastructure, industry relationships already created. Index has come up with a plan that is designed to scale a lot higher.
The company did two private placements in September and October of 2006 at much higher prices to raise $10.9 million. They are fully funded for 2007 and well into 2008. Index anticipates a capital-spending program of just over $4 million US in fiscal 2007 and $8 million in fiscal 2008 with a 12-14 well drilling schedule.
Everyone needs a permanent call on energy in his or her portfolio. Index is a permanent call on both oil and natural gas. They have a well-balanced and experienced management team and a business model that has been stress tested and it works. They expect to go into positive cash flow in Q3 of 2007 and should be in profit in 2008. At these prices they are cheap.
Index is an advertiser. We have not been paid to produce this piece. As energy prices go higher, IXOG should go higher faster. We are biased. If you don't do your own due diligence, you will get burned on a regular basis. If you don't have a call on oil and natural gas, get one soon while they are still cheap.
Index Oil and Gas, Inc IXOG-OTCBB $1.14 Canadian (June 4, 2007)
65.5 million shares
Index Oil website
Lowman, this is what I said back in April.
Posted by: 1581
In reply to: lowman who wrote msg# 8178 Date:4/3/2007 1:58:16 PM
Post #of 12854
We all know MMs have very long views of a stock. That day we hit .90 for a minute was the beginning of this manipulation cycle. Potential investors would see a 2/3 decline in share price and would have to wonder where the bottom could be. Bashers would be able to point it out to try to create even more doubt. Big Mur's point about nothing really changing except assets increasing daily is the view of all longs I would think. For many days we see the price sink only to close near previous opening pps. The Haig show broadcast will be a spectacular boost when it comes. For MMs the timing could be crucial, they cannot control it. Will be a much better ride than the last one I think. Long and strong.
From the latest pr
Wilshire Capital Group, Inc. and affiliate companies....
Anybody have any idea who the affiliate companies would be and what their role would be.
Did Wilshire say anything about the results of their geologist about proven reserves. This would be a second opinion/confirmation. They may have increased since last information came out from Hemi.
My realtor trades on some platform 1 dollar a trade, but no pinks or otc. He had to buy hemi out of another account.
I trade on scottrade, no problems. The restricted shares I was referring to were tyeg. I saw you posting on that board.
Westeffer nice starting point for you. I saw you on the tyeg board. I have restricted shares of tyeg.
Now we know what's been holding the pps down. LOL jk
The numbers you showed me were compelling enough to make me take a look at it. Upda seemed stagnant anyway. Once I started looking at all the info in the IBox it did not take long to decide. Most mb info I have seen in the past was just pumping so I am skeptical at first. Always want to confirm myself obviously before plunking any duckets down. I have actually sold out of a few other positions that were treading water to buy more here and have dry powder today.
Wilshire said they were hiring a firm to analyze hemis reserves. We may get a higher number, if they release it, now that we have acquired the contiguous leases and have seen the indication of a "blanket formation". Some of those earlier probable reserves may become proven. Does anyone know if Wilshire's information will be shared or held by them only?
seabreezing
instead of wasting my time by making me trash your pms. YOu should seriously look at buying hmgp. You will not be disappointed in it. Normally I only read boards about stocks I own or are considering buying. Since you are reading the hemi board you know the value that it has. Why you have not purchased is beyond me.
Lowman.
Yes, everything changes when we get non-dilutive financing which allows us to multiply our drilling rigs and hire more people to drill many more wells. Where some leases may have been part of a buyout, they may now be worked by hemi itself. It may be the case where some wells are being drilled today while others are being completed that were previously drilled. We should see multiple completions per week I would think.
This may be better for longs because value will be built quicker and will be reflected on a different exchange.
Lowman I think you and I or a couple of others can have this discussion without becoming chicken littles. Most splits occur in a time of desperation, to flawed stocks which are overdiluted. If we are diluted it is due to nss. Hemi is not in a time of desperation, just frustration at outside forces. Reducing the float, even by a company buyback at these levels would put pressure on the mms and leave them less room to maneuver. I wonder if Wilshire is quietly acquiring shares. A split is one of many options that competent people, like Keith, at least think about, even if just for a second. I trust his ability, his tenacity his competence and my dd. This is why I have no fear no matter what we do. I do want to buy some more cheap shares today. Glty
Duelittle2, sigh, again you have it wrong. I was, not, am not advocating a r/s. I was just looking for meaningful discussion regarding hmgp, which I did not get. Many investors here are too skittish, too untrusting of their dd to get into a theoretical discussion. I trust our management. I am sure they considered it as one of many options, competent management operates that way. I do not believe that is what is going to happen. But as you posted there are requirements for amex listing. I am sure if that is what Keith intends he will make the best decisions possible. Hemi is in a strong operating position and growing stronger every day. What ever Keith and Wilshire come up with will be excellent for shareholders. glty
seabreezin your message has been deleted as it should be. If you are reading about hmgp but have not bought, what dont you like about hemi? It is easy to find positive things about hemi on this board. The IBox has excellent links. One thing that is good to do is to try to find all the negatives about a stock before one buys. I have not found anything about hemi I did not like and now compare other companies I look at to hemi. Of course everyone wants to see the pps reflect what we think is the current value. I am ready to buy more today if it drops. Again, lurking is okay and reading is fine. But I find it difficult to understand how someone could not feel confident about hmgp especially at these "artificially low" (to quote Keith) prices.
I have stated before, others will recall reading this. I was reading the upda board when Lowman posted a side by side comparison of hemi and upda. It blew me away. I started looking at hmgp and the more I looked the more I liked it. I sold my 20000 upda at .13 for a small profit and bought 40000 hmgp at .065. I have been adding ever since on the dips. I hope to buy more this week as well but at some point the cheapies will be history.
zguy I obviously want to see the price improve to where it ought to be near a dollar at least, and we will see that sooner rather than later. At the same time I want more shares cheaper. So if we bust the 200dma I will not be happy but will take advantage just as many others will. I think Lowman made the point that if the MMs bring it too low, some big fish or group will just buy up everything. That could get interesting.
I assume you mean Kool Aid. I am just going by what Keith had said previously to investors. We may be going in a different direction than a buyout but I dont want to burden you with any more junk. You mentioned the pps being somehow related to the idea of a buyout.
The pps could be reflective of a larger company slowly building a position on the open market for a buyout down the road. That is the only way I can see pps and buyout connected in anyway. I dont think this is the case, but I dont know why you tried to connect them. As Keith said it is artificially low and incongruous to the true value.
Yes you are right. Some of the junk was putting a valuation on our proven reserves which you spoke of in terms of potential. And zguy made a very compelling arguement about why you were WRONG. And let me just add a footnote to his. When hemi is bought out, assuming it happens,99 percent of the oil will still be in the ground.
I really do not like having to repeat myself. It was just a wild idea I tossed out for discussion, not advocating for it. I trust Keith will take care of us. And BTW, sometimes reverse splits help companies. Best to keep an open mind.
Yes, I have trust in Keith protecting shareholder interest, especially since he has the most to lose. Reverse splits usually are seen as negative because they often happen under duress and as a "last resort" by companies who have over diluted their share structure. I guess I just tossed the idea out there to see if anyone had any idea how it would effect a stock, many of us think, is heavily naked shorted.
Also if investors like the low float now think how much more it would be liked with fewer shares.
I dont really expect that to be the course of action that will be taken, uplisting seems more likely and has been mentioned. It was just something to toss out for people to discuss on a slow day as we wait for developments and the markets to reopen. GLTY.. I really appreciate your posts and insights.
Plastipunk Good read and it sounds familiar. glty
Reverse splits can be good things for companies under the right circumstances. Often it gets the price high enough for institutional investors to buy in. I think if, and it is a big if, Keith considers it, he would only do it if it was beneficial for hemi shareholders, of which he is the largest.
In the case of Hemi it would give greater accountability of shares that are real as well as allowing Hemi to reiterate the positive aspects that make it so undervalued. It would not be harmful to us shareholders. We have ten times less shares, for example, but for ten times the price. It was just a thought. I am sure it is only one of many options that are being considered.