Searching for Ten Baggers
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BEEI Chart Showing Signs of Bullish Breakout
Let’s start by saying that we feel that oil prices are headed higher soon. After an unprecedented run for crude oil in 2008, we have just witnessed a decline like never before. The market is trying to sort out supply/demand, global economics, and implications of the stimulus package.
Don’t get too caught up in all those discussions. Just realize that oil is a precious commodity and the World has a huge thirst for it. While we stand firmly behind the belief that renewable energies are definitely the future, we also recognize that we are nowhere near the point of independence from oil yet. In the meantime… oil is headed higher.
Some oil stocks have been completely discarded by investors, but there comes a point when we have to step back and look at the REAL VALUE out there for some of these forgotten companies.
So, while America’s dependence on foreign oil may have fallen slightly it clearly has not disappeared. Neither has the call for increased domestic exploration and production to increase our independence—which is why our latest stock idea Bald Eagle Energy (BEEI) is committed to exploring the vast energy resources found in Alaska.
According to LAPP Resources, Inc. Geological Report, “the (North Slope) basin is highly productive, and (Bald Eagle) leases are very close to the largest oilfield in North America, the Prudhoe Bay field. This indicates that the area is very prospective for further conventional oil and gas discoveries.”
And Arctic Power D.C. Coordinator Roger Herrera adds that “Alaskan oil wells are so productive that it takes 150-200 wells in the Lower 48 states to match the output of one North Slope well.”
BEEI’s business model is simple…
* Reduce capital expenditures through a minimized team of experienced management,
* Retain the consulting services of industry experts only when needed
* Utilize third party drilling companies to limit equipment and operating expenses.
In addition, BEEI’s overall strategy is to:
* Fully exploit existing production and infrastructure assets by maintaining a balance between lower risk/moderate return and higher risk/high return opportunities;
* Identify and acquire superior product assets that will generate revenue streams to invest in future growth opportunities;
* Focus on historical areas to increase the chance of discovery and to enhance the speed of development discoveries;
* Achieve operational, technical, commercial and environmental excellence in its activities;
* Partner with proven oil and gas operators who employ cutting edge technologies and demonstrate competitive advantage;
* Manage risk in high equity exploration and production permits and increase economic viability;
And what a great looking chart. Having bottomed at $0.10 just a few days ago, the stock is already showing signs of breaking out to the upside. In addition, look at the recent stock chart and consider these points:
* Daily trading volume is expanding
* Resistance level breached and new support holding
* Trading above 50-day moving average for the first time in months
* Stochastics are trending higher, but not overbought
So while volatility is definitely picking up in shares of BEEI, we think this breakout is just the beginning of a very bullish trend reversal. Based on where the stock has traded just a few short months ago in the $.60 - $.80 range, we probably still have a lot of room to run higher before major resistance comes in.
Is BEEI set to make a full-blown recovery? Who knows? It sure looks like we could be in the early stages and now might be a good time to play this trade for a huge gain.
So get this one on your trading radar right away and make sure you read our exclusive report soon which will highlight financials, recent developments and why we feel this stock is so undervalued right now.
As always, do your own in depth homework this weekend. Then get ready for what we hope is some serious trading action on Monday.
Pequop has been giving crazy good results
Yep, I saw ACTC. Looking good.
What price are you in @ ?
Gold is going to $2000
Millions have been spent on properties right next door to BRYN. BRYN is on the something huge.
2008 EXPLORATION HIGHLIGHTS:
2008 was an exciting year for exploration on AuEx projects with more exploration dollars being spent than any other year since the company was formed. Over $13,000,000 was expended by AuEx and its partners with major emphasis on the West Pequop and Long Canyon projects. In June of 2008, Agnico-Eagle (USA), Ltd. completed their $5,000,000 earn-in at the West Pequop project and vested an undivided 51% interest. Agnico subsequently decided to carry AuEx through bankable feasibility to earn an additional 19% in the project for a total 70% undivided interest. Agnico drilled continuously throughout 2008 with further good results at Mountain Top and Section 34.
Fronteer Development Group completed their $5,000,000 earn-in at Long Canyon in September of 2008 and subsequently decided to remain at 51%, requiring AuEx to join with them pro-rata on continuing exploration expenses. Work at Long Canyon during 2008 was very successful with excellent grade gold mineralization being extended significantly to the northeast where it remains open. Drilling to the southwest within the 1,600 feet of untested soil anomaly was delayed by permitting during 2008, but drill site access has now commenced. The Long Canyon mineral system has a known strike length of over a mile and is still open. All mineralization is oxidized and outcropping or very shallow. An initial resource estimate is planned to be completed by February 2009.
During 2008, AuEx signed a four property exploration earn-in agreement with Eldorado Gold Corp. The properties involved include: Buffalo Canyon, Green Monster, Hays Canyon and Klondike North. Exploration activity funded by Eldorado, and carried out by AuEx, progressed well with Klondike North drilled. Work in 2008 continued on other AuEx projects in Nevada, the company's project in Spain and on the projects in Argentina. Overall,2008 was a most exciting and eventful year!
Most of the trading was between .40 and .50. The liquidity has given people the option to get out if they don t like the action.
Could bounce hard
This is good news.
Value is always realized.
Sounds good. Soon , BRYN will be on everyone's watchlist.
Take a look at this web site for Miranda Gold.
Miranda Gold Corp. - Home Page - Fri Jan 16, 2009 Miranda Gold Corp. (TSX-V: MAD) is a gold exploration company concentrating its generative efforts in Nevada's Cortez Gold Trend. Our focus is exploration ...www.mirandagold.com [Found on Google]
They have $11M in the bank and have great properties in the Carlin Trend as well. They are structuring a JV as we speak with AuEx Ventures and Fronteer Group to get involved heavily in the Pequop Mountain area of our interest. They have seen BYRN's staked filings with the BLM. It is just a matter of time before they knock on BYRN's door.
Looks like we will blow through $1.40
This looks like a floor
It is a difficult time to finance these kind of projects
I will aks and report to the board
:))). Looking for action on new picks.
I will keep my eyes open and pick a few up on Monday
In this climate, saving dollars is the name of the game
What is in play for you on Monday?
I agree. The recent pullback is an opportunity
Tha is what I am told
Alot of action here last week
Looking better .Are you still holding?
Are you still in?
The gun seems loaded here
Had a nice move on Friday.
22.22 % . Looking for higher ground Monday
Monday, January 19, 2009 - Vol. 11, No. 16
The Last Safe Haven
Quickly Gaining Popularity,
This "Oldie but Goldie" is Poised to Win Big in 2009
Dear A-Letter Reader,
Welcome back to the battlefield.
Thankfully, the markets are taking a break for Martin Luther King Day. But that's not stopping the bad news from flowing in through every possible nook and cranny. It turns out that 2008 was the third-worst year for equities on record, with the broad market indices shedding an average of about 36%. And 2009 isn't shaping up to be any better, as analysts report this to be the single worst beginning of any year in stock market history.
Two more American banks were quietly shuttered over the weekend, and Royal Bank of Scotland's London Shares are down a whopping 66% on news of a potential GB£28 billion write-down.
Amid this climate of escalating uncertainty, the wealthy are reaching for anything of real, tangible value. And that means gold.
Merrill Lynch recently reported that some of its wealthier clients are turning to gold bars for peace of mind during the global financial crisis. The former investment bank believes that gold will rocket to US$1,150 an ounce by June as the long-term effects of our crisis become increasingly apparent.
But wait a second; didn't gold suffer alongside oil and silver last year? In a deflationary environment, aren't real assets - like gold - supposed to decrease in value? Fortunately for gold bugs, it's not quite that simple...
Gold Shone Brightly in 2008
It would downright shock most investors to learn that gold actually appreciated in 2008.
That's right, in an environment where literally everything plummeted, gold's spot prices actually increased by 1%. And it becomes only more attractive when you combine its relatively neutral performance with the fundamental forces at work suppressing gold prices in the last year...
2008 could likely go down as the year of "forced liquidation." As everyone from banks and investment houses to hedge funds and private investors were forced to de-leverage, reduce debt exposure and sell off assets, prices were driven rapidly downward. Gold was one of the main victims of this period of forced liquidation.
Since spreads on gold remained relatively tight - despite breakdowns in the credit markets - and the market was highly liquid, gold was one of the first assets to be dumped by institutional investors in the de-leveraging process. Unlike, say, the market for subprime mortgage backed securities, one could recover at least majority of their initial investment by liquidating their holdings in the gold market.
This situation - combined with the wholesale dumping of commodity "buckets" - helped to keep gold prices low and suppress increased demand by creating an overwhelming supply. But it won't go on forever. And as uncertainty about the markets increases, so does the demand for golden parachutes.
Another factor currently driving up demand for gold is a little more obvious; the policy reactions of governments and central banks.
The Yellow-Brick Road and the Uncertain Future
The world joined hands, and instead of buying each other a coke they decided to flood the markets with free money.
From the UK and the IMF all the way to China, governments are cranking up the printing presses in an effort to soften the otherwise hard landing of the world financial system (and automakers, and student lenders, and money-market funds...) and the economy at large.
And regardless of short-term market forces, these policy decisions will eventually have a significant impact on the global economy at large. The piper will be paid for the trillions in stimulus and bailouts now flying out of the world's governments and central banks, and investors know this. That's why many are banking on now as the turning point where gold begins to shine irrefutably
Once it gets volume we should see a spike.
$2.00. Hopefully we are building a base here.
Thanks buddy.
I am going to get this board really going. I am back. Time for some pick$.
Looking so good. $2.00 is on the way.
I will be updating the board when I get info from the company this week.
I think the company came under selling pressure from a previous investor.
I am on as an IRP and the note saying I was paid is on our website
U.S. bailout package will spark inflation and shift the burden to foreign investors: CIBC World MarketsCANADIAN IMP BANK COMM CM 1/23/2009 10:00:00 AMTORONTO, Jan. 23, 2009 (Canada NewsWire via COMTEX News Network) -- Inflation will be further stoked by growing oil supply crunch CIBC (CM: TSX; NYSE) - To pay for its multi-trillion dollar bailout and stimulus packages, the Obama administration will print money at an unprecedented rate, a course that will drive up inflation and drive down the greenback while shifting a large part of the financial burden onto foreign investors, finds a new report from CIBC World Markets. The report predicts that like Argentina in the late 1980s and Zimbabwe today, the U.S. government will simply create more money to fund its plans. "If the central bank prints it, someone will spend it," says Jeff Rubin, chief economist and chief strategist at CIBC World Markets. "Already U.S. money supply is growing at a nearly 20 per cent rate in the last three months and the printing presses are just warming up. And there's no shortage of more troubled assets to monetize along with $1.5 trillion-plus federal deficits to keep money supply growth chugging along in the future. "As it buys up spread product, the Fed will leave Treasuries to be mopped up by foreigners. Since outsiders, like the People's Bank of China, now own over 50 per cent of America's debt, there has never been a better time to reflate. Why default on your taxpayers when you can default on someone else's? A 10-year Treasury bond will, of course, mature at par, but who's to say the greenback won't sink 40 per cent against the Yuan over its term like it did against the Yen between 1971 and 1981?" Mr. Rubin notes that while the prospect of reflation may seem incredulous on the cusp of negative U.S. CPI numbers, past deficits that were a mere fraction of what they are today in relation to the size of the American economy, were readily monetized. And without fail, that monetization led to an explosive bout of subsequent inflation. "The huge World War II deficits saw inflation peak at almost 20 per cent in 1947," adds Mr. Rubin. "When the printing presses were turned up to pay for the Korean War, inflation moved from negative territory to over nine per cent within the space of nine months in the early 1950s. And when Arthur Burns greased the Fed's presses after the Vietnam War, inflation soon made a triumphant return back to double-digit territory. "Headline U.S. CPI inflation will grab a negative handle in the next few months but it will be running north of four per cent in less than a year." Adding to these inflationary forces in the next year will be increased pressure on oil prices. While global demand is expected to be down about one per cent in 2009, oil supply is also declining. The plunge in oil prices caused by the recession has put the brakes on a number of new supply projects that were expected to address the depletion loss of nearly four million barrels a day this year alone. "The IEA (International Energy Agency) recently estimated that the industry will have to spend well over half a trillion dollars annually to meet future demand and counter depletion," says Mr. Rubin. "No one is going to finance those money-losing mega-investments at oil prices anywhere near $40 per barrel. If yesterday's record high prices haven't spurred supply growth, what chances do oil prices a third or a quarter of those record levels have?" A year ago, Mr. Rubin estimated that production would grow from about 86 million barrels per day in 2008 to around 88 million by decade's end, based on data for 200 pending new projects. However, recent announcements of project cancellations and postponements not only cancel out the expected two million barrel per day increase in global production by 2010, but they are likely to actually drive production down a million barrels per day below last year's levels. In Canada, a region the IEA expects will be the single largest source of new crude supply, almost three times as important as Saudi Arabia over the next 20 years, cancellations or delays in recent months have already affected about one million barrels per day of planned oil sands capacity. Now, rather than grow by close to 400,000 barrels per day by 2010, total Canadian production is likely to rise by only a third of that. "That's only the tip of the iceberg since the vast majority of cancellations have been on projects whose first flow dates are well after 2010," adds Mr. Rubin. "If oil prices were to stay at current levels, production, instead of plateauing around 88 million barrels per day by 2012 as we had previously forecast, would decline at an accelerating pace between now and 2015. By 2015, production would decline to around 76 million barrels per day, a level of roughly 10 per cent lower than last year's level. Unlike past oil shocks, there is no longer any newly discovered $10 per barrel North Sea oil to meet a rebound in demand." He notes that higher prices will ultimately change that supply outlook by reversing some of the cancellations announced in the wake of oil's price plunge. Global demand snapped back at around a three per cent pace after the two declines in oil consumption seen in the early 1980s. Even a 2-2 1/2 per cent bounce back would leave the world facing even tighter supply conditions than it did in 2007 when oil prices moved from $60 to $100 per barrel. "Back then, demand was about 1.5 million barrels per day more than supply. This imbalance, not only led to a very rapid inventory drawdown, but also attracted speculative activity in oil markets. By our estimates, we expect to see an even larger imbalance, almost two million barrels per day, between recovering demand and shrinking supply as early as 2010. "When that happens, global oil inventories will plunge, and global oil prices will once again spike. That may well reverse some of the supply destruction that is currently taking place, but not before world oil prices print triple-digit levels again." The complete CIBC World Markets report is available at: http://research.cibcwm.com/economic_public/download/sjan09.pdf CIBC World Markets is the corporate and investment banking arm of CIBC. To deliver on its mandate as a premier client-focused and Canadian-based investment bank, World Markets provides a wide range of credit, capital markets, investment banking, merchant banking and research products and services to government, institutional, corporate and retail clients in Canada and in key markets around the world. SOURCE: CIBC World Markets SOURCE: CIBC SOURCE: Canadian Imperial Bank of Commerce please contact Jeff Rubin, Chief Economist and Chief Strategist, CIBC World Markets, at (416) 594-7357, jeff.rubin@cibc.ca; or Kevin Dove, Communications and Public Affairs, at (416) 980-8835, kevin.dove@cibc.ca. Copyright (C) 2009 CNW Group. All rights reserved.
All these companies surround the BRYN property in the US.
Look at the action :)))
Agnico-Eagle (AEM) up 10.56% to $56.22, Fronteer Development (FRG) up 11.40% to $2.15, AuEx Ventures (AUXVF) up 10.68% to $1.53, Seabridge (SA) up 11.55% to $14.68.
Lot's of love here