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Those damn 100 share trades at BID. What is the point of a 2 or 3 cent purchase of stock. Seems like someone wants to keep the share price suppressed and manipulate this stock lower, probably to make sellers nervous and get them to sell shares to this person waiting on the BS. IMO
1.15B shares sold since 5/10/2014. That explains all the big share dumps now. Floyd sells to financing company and they dump their shares to others, since they can't hold on to most of them. Hope this flood of shares slows soon or we might drown in them instead of oil.
That is the usual pattern with PEII. PR may be later today then. People better grab the 3's and 4's while they can. They may be real scarce next week. IMO
Oops, meant to say ARE not AREN'T gone (on the ASK) now in the 4's. My bad.
Looks like nearly 6M on BS @.0003 and 44M on AS @.0004. The 3's aren't gone.
I agree, it looks like the big downside manipulation is subsiding for today. That leaves room for this to move up out of the 3's to 4's and above. If we get good news going into the long weekend this could explode to the upside next week. I think the long wait for production might finally be paying off soon. IMO
Some one is trying to manipulate this stock to the 2's with these 100 share trades at .0002, really that's pathetic.
Hopefully we burn back through the 5M or so 3's and get back to the 4's and above soon.
Wow, right out of the gate 343M shares traded hands! WTF! .0003's and looking at .0002's, this is just wrong, wrong, wrong... when is the share dumping going to stop?
350M+ shares changed hands today and still this stock can't break out of the 4's, This stock may need PEII to pump 1000BOD just to get the stock price to the 5's and above again, at the rate things are going. Would be funny but we aren't making any money this way.
Well, look at that, the new improved website is the old web site. The site that temporarily replaced this one sucked, IMO. This one just needs updated information on it. Newest news releases are still March/April time frame. Hope the wells come on line soon...
Looks like someone set a trigger sale. As soon as 5's tripped, the block sold, gobbling up almost all the 5's on the bid. We will be back in the 6's and then 7's, and beyond soon enough though.
61M shares exchanged today, 22K left on the Ask @ .0006, here comes the 7's!
Anyone who buys in at these levels will likely be a very "happy camper" within a couple weeks. Sucks that it was such a bumpy ride for this stock to finally get to this point, for share holders, will be worth it for those getting in here though. Upward pressure building, 39M shares already sold this morning! IMO
Looks like .0006's will be history soon. .0007's coming. 29.4M on buy side and only 8.6M on the sell side. IMO
Production news should be coming (per Floyd) Friday to next Monday time frame. IMO
The numbers are usually published by moderate to larger companies but small ones like this may not. I'm going to do some poking around to see if numbers were ever put out by PEII.
If they draw down an average of $277K/month it will last 3 years. I have a feeling it will last longer then that if production kicks into high gear by the end of the year though. IMO
Well the weather forecast for the coming week in the area of the wells in question is to be very good, dry and temperate. Lets hope the weatherman got it right and good weather ahead.
If we knew the original production of the wells then it could be speculated as to how much is left in the ground. Since only about 20-35% of the oil in the wells has been pumped out before the pressure dropped of and they were plugged. I would say there is likely 65-80% of the oil reservoir still in place. Once pressurized with the injection wells these oil wells could produce for years at substantial BOD rates. There could be multiple millions of BBL's of OIL that may be extractable and sell-able over the coming years. That's why this could be a really big deal if they actually start pumping decent BOD rates. Sounds like that's on the way soon too. There should be a geology report somewhere that has the reserve numbers but not sure where to find it. IMO
http://thereserve-asia.com/investing-in-oil/ Found this on line about Petron II. Looks like an older 2011 article but figure more updated articles are likely to come out similar to this soon.
Looks like just some guy who puts out opinions on mostly penny stocks... have no clue as to a following or not or what he is basing things on. FS said he was going to increase awareness about PEII through advertizing and PR campaign if I remember correctly, maybe this is part of that.
Yeah, it is swim, if one bought at .0004 and not .0035, its a 50% gain on investment. Either way it's a move in the right direction instead of the wrong direction for common shareholders. It could have sat at .0004 forever or gone to zero but it's not going to do that anytime soon. All the nay-saying and bitterness because people bought in too soon and sold off and lost money doesn't make this a bad stock for anyone still invested here and those getting in here. This stock will very likely rise substantially from here. IMO. I want to be on that ride, not the one that was before this. It's not going to be straight up but it will be up from here. That is all that concerns me. If you don't want to see that, that's your call and loss from where I sit. I did my homework on this little stock, I'm in it. Good luck to you.
There was a lot of good info and questions answered in that webcast. Myself and others were able to get through to the webcast host prior to the webcast and put in some pertinent questions to Floyd. He answered the questions well. I am still a bit pessimistic on the time frame for everything to come together but believe in the end, the rewards are definitely coming and sooner than latter. IMO
Thought after a week like this, a little comic relief was in order. Glad you got it. I'm running out of posts, so, to all, great weekend and good things ahead.
Maybe after they inject the CO2 in the well, they drop in a few Mento's to build the pressure, just kidding...
13M buy at end of day @.0006, 346.8M shares changed hands today and PEII is UP 50% in one day. Yeah, there's nothing positive there, DUH , of course there is. If this continues into next week then by the time production starts in a couple weeks there should be no looking back on these levels.
PEII 0.00?? but NOT 00's, get real.
Going from .0004 to .0006 not that big of a deal right or is it? That's a 50% gain and the last time I checked that's BIG! Those that get in here will soon be glad they did. This isn't going to .0000000 so detractors need to face the facts. Buy or don't buy, your choice, for me, glad I did because this little stock is going UP from here, just watch! IMO
322M shares sold today, so far, holding in the .0005-.0006 likely close range. If this holds then this is very positive sign for next week and beyond.
There is another company called Petron Energy out of Pennsylvania too. Not to confuse the issue. This is Petron Energy II though.
I have NO delusions as to what is happening here. If you think what you are telling anyone who has followed this stock for any amount of time something new, your not. I think I know a little more than you though about certain aspects of this stock and I think my model of the future of this stock will play out with slow upward growth in value. No one investing in this stock is doing it with blinders on, I hope. IMO
Someone just block dumped 20M shares at .0004-.0005, at least it wasn't 80M shares... gotta love the financial companies getting their money out of this stock. Won't hold it back long though.
Smart money buying hard, .0006's soon. .0005's being bought up and getting thin, get them while they last...
This little stock is slowly going to move up at first a tick at a time but will accelerate upwards with real oil production soon. Buying in now is the smart move before the acceleration upwards. The more PR that gets behind this and more that know about it will help too. This may be a big win for share holders, after all. IMO
Anybody notice the Finance companies haven't blown large nasty chunks of stock at us today at or below the bid? If it stays this way, this stock will likely slowly start to rise. There is 177M on the BID @ .0003 and only 6M on the ASK @.0004. Wouldn't take much to take out the ASK and move up from here. 56M shares sold today, mostly @.0004 Just saying.
181M on BID @.0003 and only 8M on the ASK @.0004 right now, interesting, this may slowly move up if the big below bid block sales are done. Almost all sales today, 48M+ have been at the ASK so far.
There was some post on a stock guru site a few days back saying NEWS COMING... EXXON/PEII Joint Venture, I don't put much faith in it but stranger things have happened. Probably that was the reference.
Uh, Swim, that's because some of us called the show today before it aired and talked to the host and asked to put the questions to Floyd, you need to read some of the posts here and not just rant about this stock. Your getting to be like a broken record. No offense but really.
Likely, not anytime soon, not until this stock is pumping and selling significant amounts of oil, ie- 100-120BOD, then maybe, if we are lucky... IMO