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Sitting at the airport...start here everyone...it may give everyone a much clearer picture of whats going on...soon, 1000 plus production, my guess...TX a great place to be located...as well as name change...
But...while I'm away...good luck longs...GO ARET!
http://www.corporationwiki.com/Unknown/Unknown/arete-energy-inc/101369888.aspx
http://www.corporationwiki.com/Texas/Sugar-Land/left-behind-recovery-llc/39354047.aspx
Taking off for a while posters..vacation time. Enjoy :)
GO ARET!
It's all in the filings. All you have to do is read them. And listen to the past CC's. Gives a good outline of whats to come. Buyers think it's going higher. Sellers think it's already to high. It's called a market. And any true investor understand that share price and company's progress and future aren't always in sync that reflects value and future earnings. Doesn't make neither one a reason not to buy...IMO..
GO ARET!
These guys have a great story to tell. And hot properties in the US. They are producing Oil and Gas. They have earnings. AMEX new ballgame. And for all the paid bashers...they know as well as anyone who's been around the market..especially the pinks, they could have hyped the S**T out of what they already have going for them. They are quiet for a reason...they don't pump this stock or story like all the real crap out there...patience is our friend..and the shorts enemy. They know it. They can sense what's in play...don't loose site of the goal line...S1 was filed for a reason...read all the filings...it's all in there.
And energy is only going up long term..and Domestic gas and oil is and will become even bigger in the coming years...
I'm long and strong...and buying as many cheap shares as i can...
Go ARET!
Global Oil Demand to Increase 1 Million Barrels per Day According to IEA
1 NEW YORK, NY -- (Marketwire) -- 07/13/12 -- Oil and gas stocks have continued to be weighed down by falling prices as a less than favorable demand outlook for crude, created by the recent euro crisis, weakens investor optimism in the exploration industry. The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) has fallen over 10 percent in the last three months.
On Thursday, the International Energy Agency stated they expect global oil demand to increase by 1 million barrels a day in 2013. In their report the IEA forecasts global oil demand in 2013 will rise 1.1 percent to average 90.9 million barrels a day. While the rise comes as a welcome sign, demand is still "well below" the levels before the financial crisis.
"While the economic risks encompassed in our weaker GDP and demand profile this month also hint at something of a price ceiling, the latent potential of emerging market demand growth and ongoing risk of nasty supply surprises could keep prices stubbornly high in absolute terms," the IEA report said.
Hey Oil and Surf...I think with being Domestic Oil and Gas...and reserves not even yet to be exploited...we're in the right place at the right time...AMEX by end of year too..if not sooner :)
Still alive?? Are you serious? It amazes me how people on this board think a company becomes an APPLE overnite...or how it should happen over nite.
management has done a fantastic job to date. be thankful they don't just put out BS pr's for the sake of it...all I know, I picked up another 30,000 over the past 2 months...
Good luck longs....
We're due for some great news...IMO :)
Oh..I know they have no suits.W e are going to rock..IMO. But...it doesn't mean that the company, along with the SEC, aren't watching this closely and perhaps ARET, will file suit at the right time....who knows, maybe when we hit AMEX :)
never know...good luck longs...go ARET!
They have no law suit. That statement alone shows the children at play. A lawsuit?? LOL...too funny.
I don't see sellers...do you? I see manipulation, but not a sell off. Big difference...much more cash to be made on the upside from this level. Longs know that..so does company. It's all in the filings.
GO ARET!
Check out the short position in SODA...close to 70% of the float short. Until the shorts are forced to cover, they won't. However, it doesn't mean we can't or won't go much higher...we need buyers, pure and simple...production, earnings, revenues...will move us much higher...
GO ARET!
I always said that sometimes it may be a smart play to wait and pull oil out of the ground when Oil is on the upswing...after all, if they can pump out more oil at a higher price...makes more sense :) more revenues...more earnings. part of running an Oil company is how to manage the wells...the Saudia's never learned, thats why they have used up wells way before they needed to be..and thus, left Billions in the ground....
Isn't it though. No more reading such nonsense and red herrings...you are correct. Increased production...earnings...revenues...leases...joint ventures...smart moves...and world demand of oil. long term trend...is higher. Unstable middle east politics...more importance on domestic crude..and when Obama loses, wait for the US production and incentives to domestic oil and gas companies boom...
This price, IMO, is so so manipulated to the down side. And the smart money understands that. And the real money to be made is to the upside. Traders don't care which side they play the stock to make money...
The longs will soon be in control. And remember...worst case, AMEX end of year after 2 profitable years..no matter share price...then, no shorting unless shares in hand! Can you say Bye bye to the shorters :)
Go ARET!
Say they did give this Paul guy shares. And he turned around and sold the stock into the run against what he was contracted to do. I would guess that the stock would have been restricted. I would guess it was also contractual. And I would think that if that the case, then the company can sue at the appropriate time and even get the stock returned. That would make more sense to me. Logically. But remember..the shorts may have had their run...but, their is way more to make on the upside from here. The longs understand that...and with more production. new board members..new deals...joint ventures...the tide will change.
It won't take much to light the fire..IMO.
Sorry Harr...can't put words in my mouth. I never compared ARET with MSFT on the basis of a company. earnings, revenues, etc. My example was the stock price. Calling a company a scam merely because of the stock price trading much lower from it's high. Quite a difference.
You got that right Oil! We are licking our chops. Stocks don't move straight up...especially new companies out of the gate...however, we are further along then most believe..or understand...
Go ARET!
Rock...we're a real Oil and gas company. real properties. real revenues. real earnings. starting to grow. Do you really think the shares are fairly valued? Taking longer to break out...we over shot, we now over sold...but, with only less then 8 mill O/S...this IMO is a real opportunity. This BS will eventually settle out...news is due...we're closing out another quarter...worse case, we go AMEX end of year after 2 profitable years...nothing happens over night...price sucks, but...buy when blood in streets. It's the same ole story...don't let the bashers and low price get to your logical thinking...
Good luck to you! Go ARET
Harr...seems you are a gambler, not an investor. Otherwise, you would be able to understand why the longs are very positive on the future. I am sure Charlie is fine. A man who has been in the OIl business for over 25 years understands risk and price swings. I doubt he invested in ARET on a Monday to sell on Tuesday.
if you own ARET..good luck, and if you hate it...why own it or follow it? makes no sense. Stock price and company fundamentals are two separate animals. Just like the stock market and economy are two separate animals. better learn that quick...
And I would love to take a look at the Oil and gas company you started. Any information you can send me...?? I would love to read about your leases..production numbers...any new wells you decided to drill??
Good luck longs!
I've added another 25,000 so far....all under .72...some in the .60's too
Good Luck Surf! I agree...ARET will rock...and production will increase huge!
We're due news and filings any day, per the last CC. Volume been building. Perhaps some news next week. A lot happening behind the scenes, IMO..
Good luck longs!
When you have 2 of your bigger producing wells shut down for 20 days...you're going to lose some flow. All explained on the CC. Just like the 500K of revenue waiting to be booked in the 2nd quarter..
GLTA
7 months and counting till AMEX...at least worst case. 2 full years of earnings makes us eligible for listing. And who knows, maybe even sooner then that. Don is going to NYC he said in CC next week to speak with AMEX. The real investors know what the value of ARET is and why we've been walked down since the split. The current will change. This is now a game of time.
revenue, earnings, oil and gas leases in great areas, no dilution, reserves, new drilling, and lots of news to come by end of month..per CC.
This may be the last time we see these prices, or maybe, we may drift lower without volume...no one can predict. However, my money is on ARET. I think these guys are very serious in building a mid size Oil and Gas company. Everything to date they've done has been prudent and positive for the company. And if the only fault is because it's taken longer, well...patience is rewarded as well as a virtue.
Listen to the CC and if you don't get it by now...you shouldn't be gambling in the stock market. Read the 10K..listen to the CC..it's all there. Don't be distracted by the nonsense on this board from a few. More will be out soon...i certainly don't see sellers selling..just MM's trying to find a area to start trading...
We already started the 2nd quarter with 500K waiting in revenues, I think Don said, held over from the 1st quarter. I think another profitable quarter is coming..as is the year. So. I'll end the way I began...
7 months and counting to AMEX...worst case. A blink in an eye...can't wait to see all the news over the next 7 months...maybe even campbell county WY flows :)
GLTA
Interesting Read about, IMO, whats happening with ARET..
Goldman Sachs e-mails show illegal naked short selling was bank's policy
Submitted by cpowell on 05:58AM ET Wednesday, May 16, 2012. Section: Daily Dispatches
Accidentally Released -- and Incredibly Embarrassing -- Documents Show How Goldman et al. Engaged in 'Naked Short Selling'
By Matt Taibbi
Rolling Stone, New York
Tuesday, May 15, 2012
http://www.rollingstone.com/politics/blogs/taibblog/accidentally-release...
It doesn't happen often, but sometimes God smiles on us. Last week he smiled on investigative reporters everywhere, when the lawyers for Goldman, Sachs slipped on one whopper of a legal banana peel, inadvertently delivering some of the bank's darker secrets into the hands of the public.
The lawyers for Goldman and Bank of America/Merrill Lynch have been involved in a legal battle for some time -- primarily with the retail giant Overstock.com, but also with Rolling Stone, the Economist, Bloomberg, and the New York Times. The banks have been fighting us to keep sealed certain documents that surfaced in the discovery process of an ultimately unsuccessful lawsuit filed by Overstock against the banks.
Last week, in response to an Overstock.com motion to unseal certain documents, the banks' lawyers, apparently accidentally, filed an unredacted version of Overstock's motion as an exhibit in their declaration of opposition to that motion. In doing so, they inadvertently entered into the public record a sort of greatest-hits selection of the very material they've been fighting for years to keep sealed.
I contacted Morgan Lewis, the firm that represents Goldman in this matter, earlier today, but they haven't commented as of yet. I wonder if the poor lawyer who FUBARred this thing has already had his organs harvested; his panic is almost palpable in the air. It is both terrible and hilarious to contemplate. The bank has spent a fortune in legal fees trying to keep this material out of the public eye, and here one of their own lawyers goes and dumps it out on the street.
The lawsuit between Overstock and the banks concerned a phenomenon called naked short-selling, a kind of high-finance counterfeiting that, especially prior to the introduction of new regulations in 2008, short-sellers could use to artificially depress the value of the stocks they’ve bet against. The subject of naked short-selling is a) highly technical, and b) very controversial on Wall Street, with many pundits in the financial press for years treating the phenomenon as the stuff of myths and conspiracy theories.
Now, however, through the magic of this unredacted document, the public will be able to see for itself what the banks’ attitudes are not just toward the "mythical" practice of naked short selling (hint: they volubly confess to the activity, in writing), but toward regulations and laws in general.
"Fuck the compliance area -- procedures, schmecedures," chirps Peter Melz, former president of Merrill Lynch Professional Clearing Corp. (a.k.a. Merrill Pro), when a subordinate worries about the company failing to comply with the rules governing short sales.
We also find out here how Wall Street professionals manipulated public opinion by buying off and/or intimidating experts in their respective fields. In one email made public in this document, a lobbyist for SIFMA, the Securities Industry and Financial Markets Association, tells a Goldman executive how to engage an expert who otherwise would go work for "our more powerful enemies" -- i.e., would work with Overstock on the company's lawsuit.
"He should be someone we can work with, especially if he sees that cooperation results in resources, both data and funding," the lobbyist writes, "while resistance results in isolation.."
There are even more troubling passages, some of which should raise a few eyebrows, in light of former Goldman executive Greg Smith's recent public resignation, in which he complained that the firm routinely screwed its own clients and denigrated them (by calling them "Muppets," among other things).
Here, the plaintiff’s motion refers to an "exhibit 96," which refers to "an email from [Goldman executive] John Masterson that sends nonpublic data concerning customer short positions in Overstock and four other hard-to-borrow stocks to Maverick Capital, a large hedge fund that sells stocks short."
Was Goldman really disclosing "nonpublic data concerning customer short positions" to its big hedge fund clients? That would be something its smaller, "Muppet" customers would probably want to hear about.
When I contacted Goldman and asked if it was true that Masterson had shared nonpublic customer information with a big hedge fund client, their spokesperson Michael Duvally offered this explanation:
"Among other services it provides, Securities Lending at Goldman provides market color information to clients regarding various activity in the securities lending marketplace on a security specific or sector specific basis. In accordance with the group's guidelines concerning the provision of market color, Mr. Masterson provided a client with certain aggregate information regarding short balances in certain securities. The information did not contain reference to any particular clients' short positions."
You can draw your own conclusions from that answer, but it's safe to say we'd like to hear more about these practices.
Anyway, the document is full of other interesting disclosures. Among the more compelling is the specter of executives from numerous companies admitting openly to engaging in naked short selling, a practice that, again, was often dismissed as mythical or unimportant.
A quick primer on what naked short selling is. First of all, short selling, which is a completely legal and even beneficial activity, is when an investor bets that the value of a stock will decline. You do this by first borrowing and then selling the stock at its current price, then returning the stock to your original lender after the price has gone down. You then earn a profit on the difference between the original price and the new, lower price.
What matters here is the technical issue of how you borrow the stock. Typically, if you’re a hedge fund and you want to short a company, you go to some big-shot investment bank like Goldman or Morgan Stanley and place the order. They then go out into the world, find the shares of the stock you want to short, borrow them for you, then physically settle the trade later.
But sometimes it’s not easy to find those shares to borrow. Sometimes the shares are controlled by investors who might have no interest in lending them out. Sometimes there’s such scarcity of borrowable shares that banks/brokers like Goldman have to pay a fee just to borrow the stock.
These hard-to-borrow stocks, stocks that cost money to borrow, are called negative rebate stocks. In some cases, these negative rebate stocks cost so much just to borrow that a short-seller would need to see a real price drop of 35 percent in the stock just to break even. So how do you short a stock when you can’t find shares to borrow? Well, one solution is, you don't even bother to borrow them. And then, when the trade is done, you don't bother to deliver them. You just do the trade anyway without physically locating the stock.
Thus in this document we have another former Merrill Pro president, Thomas Tranfaglia, saying in a 2005 email: "We are NOT borrowing negatives. ... I have made that clear from the beginning. Why would we want to borrow them? We want to fail them."
Trafaglia, in other words, didn't want to bother paying the high cost of borrowing "negative rebate" stocks. Instead, he preferred to just sell stock he didn't actually possess. That is what is meant by, "We want to fail them." Trafaglia was talking about creating "fails" or "failed trades," which is what happens when you don't actually locate and borrow the stock within the time the law allows for trades to be settled.
If this sounds complicated, just focus on this: Naked short selling, in essence, is selling stock you do not have. If you don’t have to actually locate and borrow stock before you short it, you’re creating an artificial supply of stock shares.
In this case, that resulted in absurdities like the following disclosure in this document, in which a Goldman executive admits in a 2006 email that just a little bit too much trading in Overstock was going on: "Two months ago 107% of the floating was short!"
In other words, 107% of all Overstock shares available for trade were short -- a physical impossibility, unless someone was somehow creating artificial supply in the stock.
Goldman clearly knew there was a discrepancy between what it was telling regulators, and what it was actually doing.. "We have to be careful not to link locates to fails [because] we have told the regulators we can't," one executive is quoted as saying in the document.
One of the companies Goldman used to facilitate these trades was called SBA Trading, whose chief, Scott Arenstein, was fined $3.6 million in 2007 by the former American Stock Exchange for naked short selling.
The process of how banks circumvented federal clearing regulations is highly technical and incredibly difficult to follow. These companies were using obscure loopholes in regulations that allowed them to short companies by trading in shadows, or echoes, of real shares in their stock. They manipulated rules to avoid having to disclose these "failed" trades to regulators.
How they did this is ingenious, elaborate, and complex, and we'll get into it more at a later date. In the meantime, this document all by itself shows numerous executives from companies like Goldman Sachs Execution and Clearing (GSEC) and Merrill Pro talking about a conscious strategy of "failing" trades -- in other words, not bothering to locate, borrow, and deliver stock within the time alotted for legal settlement. For instance, in one email, GSEC tells a client, Wolverine Trading, "We will let you fail."
More damning is an email from a Goldman, Sachs hedge fund client, who remarked that when wanting to "short an impossible name and fully expecting not to receive it" he would then be "shocked to learn that [Goldman's representative] could get it for us."
Meaning: when an experienced hedge funder wanted to trade a very hard-to-find stock, he was continually surprised to find that Goldman, magically, could locate the stock. Obviously, it is not hard to locate a stock if you're just saying you located it, without really doing it.
As a hilarious side-note: when I contacted Goldman about this story, they couldn't resist using their usual P.R. playbook. In this case, Goldman hastened to point out that Overstock lost this lawsuit (it was dismissed because of a jurisdictional issue), and then had this to say about Overstock:
"Overstock pursued the lawsuit as part of its longstanding self-described 'Jihad' designed to distract attention from its own failure to meet its projected growth and profitability goals and the resulting sharp drop in its stock price during the 2005-2006 period."
Good old Goldman -- they can't answer any criticism without describing their critics as losers, conspiracy theorists, or, most frequently, both.
Anyway, this galactic screwup by usually-slick banker lawyers gives us a rare peek into the internal mindset of these companies, and their attitude toward regulations, the markets, even their own clients. The fact that they wanted to keep all of this information sealed is not surprising, since it’s incredibly embarrassing stuff, if you understand the context.
More to come: until then, here's the motion, and pay particular attention to Pages 14-19.
http://media.economist.com/sites/default/files/pdfs/Plaintiffs%20Opp%20t...
And good news on the AMEX news. We stay profitable, then we get to AMEX no matter the price, due to the shorters. At least, I think I heard that right. It might just take more time...but, more time to get higher production numbers...more properties. And remember folks, we have great leases in Campbell County, WY where other companies are getting over 1,000 production flows on a daily basis. Wait till we exploit those fields..
They understand the stock price isn't reflecting the true value currently. Just an opportunity to accumulate, IMO. We will get there IMO...and they have done a fantastic job to date!
Go ARET!
Excellent CC. A lot going on. These guys have it together. The stock price will catch up...and they understand they need more production and seem to be aggressively going after it...
It's a steal at these levels, IMO. No sellers..all MM activities...
Go ARET!
And here the company was going after Oil and Gas reserves, revenues, earnings, leases, joint ventures, new directors, new exchange...a new reporting company.
and yet, all they needed to do was change the logo. if only they had thought their business plan thru. Darn...if only they realized...it's all about the logo...oh, and not able to read the 10K or filings for the past year...lol
GLTA
Thats why it's called an exemption...if they get it. never know...we seem to be the perfect fit for AMEX
Take a look at GV (Goldfield Corp.) Trades on AMEX and has yet to break even $2.00. I think AMEX is more concerned with the quality of the company and management. revenues, earnings, growth...reporting in all aspects...conference calls, etc...
At least that's one way to look at it. I think we're going to AMEX sooner then later. new ballgame then. Whole new game...
GLTA...CC tomorrow
Another key point Tigre...imagine the earnings for ARET with $200.00/oil....
I agree with you level. We are VERY oversold, IMO. But, that can change on a dime as well. It works both ways. Something will light a fire under ARET and she'll be off to the races. And remember CC on Monday. From last CC, maybe some positive news on KS wells, 1Q, New Directors, AMEX update...they also mentioned maybe joint ventures...never can tell. These guys seem to keep things close to the vest and get things accomplished. Volume will move this much higher..and of course a new exchange would be a whole new ballgame.
So I agree level..to me, $3.00 is still dirt cheap for ARET. Low float..reserves..earnings..experienced team...higher energy prices over decade...more natural gas usage...and at $1.00?? No...way over sold.
We are now a fully reporting Oil and gas company with earnings. The share price doesn't reflect that point yet. But it will...and when it does, much higher we go. And come on...so much more to make on the upside from here, then on the downside where you limit your profit to 1.00...traders know that too...and they don't care which side of the stock they play...remember that people...the MM's that brought us down can see the potential here...and they will take it as high as they can make money themselves...
GLTA
Yes...many companies that are below the required stock price..atleast seems to me. I'm hoping that is the case. Seems that the AMEX would want us on exchange. They seem to be building a solid company doing things the right way...
I never knew there was even a board. I just found it curious as to the timing. And it would be a nice new name to have for ARET. More descriptive of our business. And wouldn't it be a nice gift to the longs if it became a holding company with Arete the first under the umbrella. And the longs would be repaid nice for their patience with stock in the holding company. I'm just guessing a scenerio...all speculation on my part...but, it is a possibility. Thats what went thru my head when I saw the names and timing. Especially with the preparation ARET has taken, and doing, to be listed on AMEX. Crazier things can happen...
GLTY
Since COG is already Cabot Oil and Gas...sure you are talking about the spin off from ARET years ago?
I saw the name and had to take a look. Is this the spin off (COG) from ARET to shareholders? I've often wondered if this would ever trade. Interesting that the stock symbol is already for a AMEX listing. Who knows, maybe they become a holding company with ARET being the first holding. Would be an interesting way to create value to existing shareholders/and get on to AMEX...
Interesting thought though...just saying hello to the board. any thoughts?
Fair point Bone. I would imagine companies on AMEX are viewed much differently by new investors and money that can only help ARET on many levels. And a new class of investors and funds might then be able to start to buy. very real possibility. And of course, ARET management have a wonderful story and made major progress to get ARET to this point. AMEX are well more versed and experience to see the trading activity and might understand that without naked short selling, we'd qualify on all fronts for listing. Like I said...anything is possible. I'm thinking that no news is so far good news. might be wrong. Might be right. Time will certainly tell. But, thats why it's called a market. Every buyer, there's a seller. And every seller, there's a buyer.
GLTA
But it's only common sense that more eyes will also be looking at ARET on AMEX. Also, I'm hoping maybe a name change and new symbol of course. So..let's see what they say on CC. I like the progress to date. And remember, they felt comfortable converting debt to stock at $8.00/share...they have confidence...to me anyway...
GLTA
Sorry Doggie. There are MANY companies that trade on AMEX,,even under $1.00...even those with no earnings. I think I'll keep my bet on ARET. Check out CVM
Good info Oil. I was reading more of what you posted and to me, and IMO, I think we'll be on AMEX soon. When you read thru that book on the exchanges and especially what AMEX looks for in a small company. And now the CC's...especially right after the 10K...now, to discuss the 10Q...they certainly are acting like a company on AMEX. Who knows, maybe we're on trial with AMEX currently and part of getting an exemption is to show that you act as a reporting company and are ready to be accepted on the exchange. After all, AMEX can understand the situation of current price, and a greater understanding of the naked short selling. They aren't blind. So, I'll say this again...no news right now, is good news. To me if the exemption was not even in the picture anymore, it would have been disclosed, as it's a material event and mentioned as part of the over all plan. Haven't heard anything yet to that point. And now, another CC to discuss a quarterly report...?? Yes, I agree with you OIL...they are acting and preparing to being accepted on AMEX...or even NASDAQ perhaps. Atleast, that's my guess...
We shall see..and I wouldn't be surprised if we get even more news before the CC. Maybe announcing new directors...starting of drillng?? maybe even listing news. Would give a more lively CC with more interest from investors...along with questions. All positive to me..
GLTA
I'm going by the last 2 10q's time frame of filing. Always seems to be 6-7 weeks after the quarter ended. Thus, I'm thinking it may be the same time frame. And other news I'm thinking from the conference call information mentioned. So..i'm guessing May
Good buy Bone. GLTY. Seems like buyers are coming in to take a look this past week. Maybe the boredom is coming to an end. Too much going on to hold us down at these levels forever. Any volume and we move much higher IMO. And who knows, you can read the low short selling yesterday a few ways. And one way is they aren't going to try to hold back a Tidal wave of an emerging Oil and Gas company that has not yet even participated in play with new players..new money...and new exchange. The longs, true longs, might have been waiting a very long time sitting on the train waiting to pull out of the station. And even though, they tested the engines a few times, and pulled back into the station to refuel, hasn't changed the facts. Well, to me, one VERY important fact. next time well leave the station, this time...we're a real reporting Oil and Gas Company with real revenues, leases and earnings.
At least to me...thats my thinking with ARET right now. GLTA.