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OT: CNS.V closed at $0.94, up 0.40 (72.73%). LOL.
Nice play Paladin8; unfortunately, my monies were tied up elsewhere. Do they now have 3D seismic data? Is my understanding correct in that the top of the drilled "structure" would bear the greatest volume of gas? (they still haven't drilled the top). Maybe another $1.00 in the short-term if all keeps going "well".
Cheers,
Darryl.
Quest Oil Receives Strong Upgrade by Respected Research Firm
To view the entire independent research report, please click on the attached URL: http://www.tristatecapital.com or visit: http://www.questoil.com.
HOUSTON, Texas--(BUSINESS WIRE)--Oct. 25, 2005--Quest Oil, Inc., (OTCBB: QOIL - News) is pleased to announce a well-respected firm, TSC, has upgraded their equity rating on QOIL. This strong upgrade comes at a time when energy prices are reaching year-over-year record highs. TSC is noted for their work with account executives, analysts, portfolio managers, institutions, venture capital investors, individual investors and the media.
Cameron King, President and CEO of Quest Oil, Inc. states, "We are honored to have a quality independent research firm review our overall operations and progress and to provide the resulting upgrade in our stock. This provides further confirmation to our shareholders that our company is headed in the right direction." Now that Quest Oil is a producing Oil and Gas company with strong cash flow from its Acadia well 10-22, currently producing 2.25 million cubic feet per day, it has lessened its requirement for additional outside capital. In addition, the recent funds received from the $8,000,000 financing, Quest is poised for significant growth," Mr. King further stated.
ABOUT QUEST OIL CORPORATION
The Company is committed to the exploration and development of economical oil and natural gas reserves globally. Quest management is focused on an acquisition program targeting high-quality and low-risk prospects. Initially Quest is focused on the development of North American oil and gas resources, allowing highly leveraged production opportunities in Alberta and Texas through its 100% owned subsidiaries Quest Canada Corp. and Wallstin Petroleum LLC.
ON BEHALF OF THE BOARD
Quest Oil Corporation. "Cameron King" Cameron King MBA President/CEO-- Director
To find out more about Quest Oil Corporation (OTC BB: QOIL - News), visit our website at www.questoil.com.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Quest Oil Corporation has little or no control.
OT: RE: FO.V...
I would've gone for Aqualung, but Umpolunk is too far!
Lol...Read more about FO at Yahoo or Stockhouse:
http://finance.yahoo.com/q?s=FO.V&d=t
http://www.stockhouse.ca/bullboards/forum.asp?symbol=FO&table=list
They also have a coalbed methane play in Romania.
FO is interlisted.
Paladin, thanks for the informative post as usual!
Are you still holding CNS.V? IIRC, First Energy picked up a lot of shares from one of the other houses after the dry well. It still seems to be lacking steam although I'm keeping it on my radar. My other NG play, Falcon Oil and Gas (FO.V) should be starting a run this week from ~$0.55. They've hit an estimated minimum 4 TCF (yes, trillion) over in Hungary.
October blues. Moreover, there's a lot of money to be made off of QOIL's shakey hands. So, MM's or traders are laughing. Disclosure: sold half my position at $0.50 in anticipation of a drop to ~$0.46, nevermind low 40s!!! Keeping in mind that winter's right around the corner my furnace has been burning natural gas for about a month now.
Thoughts on a red day? /eom
Bloody fat fingers...make that $0.096.
Think we're firing on all cylinders? Bid at $0.96. Another PR or two this week and we're heading to $0.20.
Thanks for the intraday posts.
It makes working "9-5" a little more manageable versus the psychological breakdown that I'd suffer if I were to listen to what goes on at RB. Are we expecting PRs before mid-month (i.e., production); especially with Darren on vacation?
Whatever the case, if there are any Canadians amongst us, have a Happy Thanksgiving and good luck to everyone else...and once again, thanks for the TA 4God.
Canoro Resources (CNS.V) appears to be interlisted as a pinksheet in the States (CUOSF.PK); however as usual, talk to your broker first. Any buyers?
IIRC, Paladin8 took a look at the geological survey for QOIL way back when.
Hey 4God, shoot me an email at umpolung at hot mail.
Long in terms of dilution? Since I had to look up the term "debenture", I'm obviously not an expert, but shares at the "volume weighted average price for the 10 trading days immediately preceding the closing date of the proposed financing" doesn't sound too bad. Bottomline in my mind is: how will this affect the price per share and are we headed to a support at $0.46?
Anyone willing to translate?
I think the interest is due to the dip to 0.038 which might have been initiated by a stop-loss or two and then shakey hands. RSI and WM%R pretty much bottomed out yesterday. Resistance at $0.065?
http://stockcharts.com/def/servlet/SC.web?c=CALB,uu[m,a]daclyyay[pi!b50][vc60][iUb14!Lk14]&pref=...
We *might* see $0.51 if *I'm* lucky before a test of ~$0.85; however, IMHO, $1 is still several, if not more, dips away.
I was in a fight all day to get back in at $0.60 which I eventually bumped up to $0.605 when I couldn't sit at the computer. I was originally in at $0.32 but I've been in and out with two doubles since then. Hopefully we see ~$0.85 on the next run at which point I'll bail...again. GLTA and thanks for the charts 4GodNWV.
How low will she go? Closed my position at $0.70 today; back in around ~$0.50 when the time comes. RSI and Wm %R headed south and by simply looking at the chart, I'm guessing that tomorrow (the dreaded Friday) is good for another $0.10 drop.
TA looks promising; news would be nice /e
So perhaps a small retrace in the next day or two? Thanks for the comments.
Hey 4God, how about another annotated chart (I'm a n00b and like the pictures ? RSI and Wm% look scary to me but I'm still considering dumping a few more bucks in. I rode the last wave to 0.64 and was surprised by today's action; took some off the table at 0.75, expecting DT's to send the price down. Shame on me. One more thing...on your last annotation, you drew a dotted line at minina on the RSI--what were you indicating? Thanks for the posts.