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Sold some today 2.25 average + .20 gain a nice profit.
Waiting for the pullback again
$2 came and then it bounced too fast. I was a buyer 2.07 and again today at 2.05
I can't believe they still haven't announced the financing. Fine by me I will continue to play the swings.
I have been selling in force. There is a financing coming which will dilute. In the short term this could fall back further. it's already off quite a bit from my sell prices 2.42 - 2.48 and looking weaker here.
I will watch closely to reenter because I still think it is a buy out candidate. Looking for sub $2
I think I like the last 2 points better than your first 4. I just don't know about the price of natural gas going up anytime soon. Thank you for posting your thoughts.
BCTE needs some contracts and endorsement from one of the big players in the basin. Then it might get taken seriously.
I'm so underwater in this one that sometimes I feel my judgment is clouded. I still think BCTE and its tool have a lot of upside.
GLTA
I think I like the last 2 points better than your first 2. I just don't know about the price of natural gas going up anytime soon. Thank you for posting your thoughts.
BCTE needs some contracts and endorsement from one of the big players in the basin. Then it might get taken seriously.
I'm so underwater in this one that sometimes I feel my judgment is clouded. I still think BCTE and its tool have a lot of upside.
GLTA
I know, right? I managed to buy some more when it first came out and the stock price moved (albeit slowly) + .10 then it started selling off on low volume.
I'm confused because this is quite significant news.
Uranerz Signs Contract With Exelon for Sale of Uranium
Exelon operates the largest and most efficient nuclear fleet in the United States and the third largest commercial nuclear fleet in the world.
You can find more on Exelon at:
http://www.exeloncorp.com/aboutus/
CASPER, WYOMING--(Marketwire - 07/23/09) - Uranerz Energy Corporation ("Uranerz" or the "Company") (TSX:URZ - News)(AMEX:URZ - News)(Frankfurt:U9E - News) is pleased to announce that it has entered into a uranium sales agreement with Exelon Generation Company, LLC, which operates one of the largest and most efficient commercial nuclear fleets in the world.
The agreement is a long term contract with deliveries over a five year period and defined pricing in each year.
Uranerz is continuing to actively pursue further uranium sales opportunities to develop a portfolio that reflects a balance between market related and fixed price contracts, thus providing appropriate exposure to market price fluctuations and pricing diversification.
And nobody gives a crap! BCTE has no leadership from what I can tell. Bloody awful really. Is this not good news?
If the tool works so well and I'm told it does then why the hell are they having such a hard time selling the dang thing?
And what the hell happened to all the promo this stock used to get? I haven't seen anything in a coon's age
ARID(TM) Water Management Technology from Big Cat Energy to be Boosted in Market by Universal Well Site Solutions
UPTON, Wyo., Jul 06, 2009 (BUSINESS WIRE) --
Big Cat Energy Corporation (OTCBB:BCTE) announced today that its patented ARID(TM) underground water management system, which allows coal bed methane operators to re-inject the water by-product at a fraction of the cost of current technology, will be marketed in the U.S. by Universal Well Site Solutions, a CBM industry leader.
ARID(TM), the Aquifer Recharge Injection Device, uses the existing well bore to move water from the target coal seam to a shallower aquifer of similar water quality. With the ARID(TM) tool and process in use, the production well will not require the discharge of any produced water or the use of a separate re-injection well for any of the produced water.
"Universal Well Site Solutions has the marketing power, industry relationships, stellar reputation and dedicated sales and marketing team we believe will help our ARID(TM) technology become the process of choice for CBM operators seeking to cut costs and optimize production," said Tim Barritt, President, CEO and Director of Big Cat Energy Corporation (www.bigcatenergy.com).
ENVIRONMENTAL BENEFITS
Cathy Conner, CEO and Chairman of Universal Well Site Solutions (www.universalwellsite.com), based in Oklahoma City, called the ARID(TM) an industry breakthrough that should be welcomed by CBM producers as a primary tool in their down-hole water management solutions.
"This is a green solution that we know will be received well by ranchers, farmers, environmentalists and regulators who are concerned-as everyone is-about underground water quality, availability and recharge," said Conner. "Leaving the water underground where nature intended it to be is a major step forward for the environment, in addition to the dollar savings for gas producers looking for every financial advantage they can find in this market. Because of its many benefits to end-users and the environment, we look forward to marketing the ARID(TM) in the U.S. and later in key CBM markets globally."
"One of the primary benefits of our ARID(TM) system is that the water never leaves the well bore," said Barritt. "It is redirected into different aquifer zones, which are easily identified from the geophysical logs the company runs to confirm the coal zones when the well is first drilled."
Thank you for your continued due dilligence on BCTE highline
I have a few bucks in this one and sure would like to see them make a go of it. I am hearing that there has been a lot more interest in the tool lately. Maybe for some of the reasons you mentioned in your post.
I don't think they need to sell a lot of tools to get into positive cash flow territory and once some of the majors get on board in a big way I think the purchase orders should come fast and steady. Especially if gas prices turn around which many are predicting.
The coal mining application just adds huge potential as well in my opinion.
The water issue is not going away and the oil and gas companies are always looking for ways to do business cheaper. The ARID tool has proven itself and I am hoping becomes an industry standard. Can you imagine what would happen to the share price if that was to happen?
I look forward to more of your contributions.
I have a question. Don't these companies that are drilling the basin have to continue drilling to maintain their leases? That should translate into tools being sold imo. And doesn't the BCTE tool allow them to do it on the cheap? I'm told that oil companies they can still make money even at these prices for NG.
Maybe it's just wishful thinking on my part but it's all i got at this point. :(
Well at least someone is positive about the tool. Hopefully all this positive reaction and potential translates into revenue and a higher share price soon.
Thank you for your DD.
highline and spooky42alien what did you boys come up with? Nothing posted here for a long time
Some very good DD on the tool and it's limitations posted some time ago.
What did you guys out?
Is this company and its tool the real deal or not?
Based on the share price I have to wonder at this point.
Thank you for your feedback
New STRONG BUY by Secret Stock Files (Mike Schaefer)
BIG NEWS: Marathon Oil Corp. (NYSE: MRO) reported that it has installed and commenced operations at the first of their eleven pilot wells using Big Cat Energy's ARID tool. And the company says that the tool and process is working exactly as designed!
Marathon is now preparing the ten other Powder River Basin pilot wells for ARID installation, which should become operational within the next few weeks.
New Mexico-based Yates Petroleum Inc. (private) has also begun well preparation for the installation of their first ARID tool. Yates has approved permits from the Wyoming Department of Environmental Quality and plans to install six ARID tools in their pilot project areas.
This will be a very exciting time for Big Cat Energy. A positive fundamental change has occurred for Big Cat and its shareholders. The ARID tool has finally proved itself in the field and interest in the process is growing fa ster than ever.
Over the next few weeks I hope to see more positive news concerning the Marathon and Yates pilot testing. I would also like to see lease contracts for the ARID tool being signed. However, I expect that any major contracts will be signed after the full data from the Marathon ARID testing program is available.
Nonetheless, I maintain my position that the ARID tool will become a standard in coalbed methane production. And I believe that over the next 12 to 24 months, shares of Big Cat Energy will be in the $2.00 to $3.00 range. After that, the sky is the limit.
Secret Stock Files Recommendation: STRONG BUY
--------------------------------------------------------------------------------
Big Cat Energy Provides Operations Update
Gillette, Wyoming, June 25, 2008 - Big Cat Energy Corporation, (OTCBB: BCTE), today announced that after numerous weather delays in the Powder River Basin of Wyoming, Marathon Oil Corporation (NYSE:MRO) has installed and turned on the first of their eleven (11) pilot wells using the ARID Tool. The ARID process is working as designed and is currently storing water in the receiver aquifer at a rate of approximately 1000 barrels per day (bpd) or around 29 gallons per minute (gpm). Marathon is now preparing other wells for ARID installation which should become operational within the next few weeks. Marathon is quite pleased with the ARID Tool's performance and is very optimistic about the pilot programs early test data.
Yates Petroleum has begun well preparation for the installation of their first ARID Tool. Yates has six (6) approved permits from the Wyoming Department of Environmental Quality. Currently Yates Petroleum is testing the receiving aquifer's water quality for compatibility with the produced water prior to turning on the well. Yates has plans to install the six ARID Tools as tests prove up in their pilot project areas.
This year Big Cat Energy Corporation (Big Cat) has begun to notice a change in the Coal Bed Methane (CBM) industry. CBM operators have now begun contacting us regarding the ARID Tool and process. With the more restrictive regulatory stipulations placed on the CBM industry and word that the ARID Tool and process does work, operators have started contacting us in greater numbers. Big Cat anticipates this trend to continue in greater frequencies as more pilot study data is collected by operators.
Big Cat is also moving forward with the manufacturing of a 5 ½" ARID Tool. Numerous CBM operators outside the Powder River Basin and coal mining companies use 5 ½" casing to construct there wells rather than the standard 7" casing. The first prototype 5 ½" ARID Tool is estimated to be completed from manufacturing in six to eight weeks; testing of the tool will begin as soon as possible.
About Big Cat Energy Corporation
Big Cat Energy Corporation has developed a patented technology called the ARID Tool (Aquifer Recharge Injection Device), a revolutionary new method of water handling that provides coal bed methane wells with the ability to redistribute produced water. This revolutionary new coal bed methane production technology will allow coal bed methane operators to process produced water at a fraction of the cost of current technology.
Additional information on the ARID Tool and process as well as Big Cat Energy Corporation is available at http://www.bigcatenergy.com
Or contact:
Investor Relations
investor@bigcatenergy.com
1-866-912-BCTE (2283)
Sorry for the late reply but was away on vacation with the family.
I'm hearing that the tool is working very well and data is coming in as we speak.
Hopefully some news to that effect shortly and they get this stock going again.
If this tool works as well as I think it is going to and the big boys start putting in orders then the money is going to start flowing in big time!
I hear there are some rather MAJOR interested parties looking very closely at the ARID tool.
The promo machine should kick in when the company starts putting out steady news IMO.
My price target is $5 - $7+ for 1 year. This is a very tightly held stock.
By Div shares do you mean the spin off off shares of Sterling?
Yup still flipping. I knew the 144 paper was coming out so sold ahead of it and been buying back here.
The tool works and this will run. Mike Schaefer has a huge stake in this I hear and he ain't about to lose any $ on this one. I think this will surpass old highs.
Just one man's opinion.
Buying back here.
I sold all of it between 1.70 and 1.80 and buying it back slowly here.
No I don't work for the company to answer your previous question.
I know I will want to be positioned before the spin off completes to get the bonus shares of sterling.
No reason to be skeptical.
I've talked to quite a few people in the field myself and this tool has some serious potential. Permits were the hold up and apparently there are more than a few big boys wanting to get the tool in the ground now that the permitting issues have been dealt with.
I like the spin off as well. imo this could easily be a 2 to 3 bagger from here. I m in and will add on the dips.
I heard they got more permits and in talks with some big players that will be using the tool in the coming months. Also they are looking at using the tool in mines.
I think Mike Shaefer put out a piece on BCTE last week as well. I know he has a big following and loves BCTE.
Exploration spin off looks promising - 3 share of BCTE gets you 1 share of the new company. So lots going on here.
Significance of the newspaper article?
Not sure what the significance of that is for BCTE?
NEWS - Marathon Oil Company Receives Approved Permits
Gillette, Wyoming, November 14, 2007 - Big Cat Energy Corporation (OTCBB: BCTE) is pleased to announce that the Wyoming Department of Environmental Quality (WDEQ) has approved seven permit applications submitted on behalf of Marathon Oil Company (NYSE:MRO) to evaluate the ARID process in seven Marathon Gas wells located in the Wyoming Powder River Basin (WPRB). The ARID tools are slated for installation before the end of 2007. Marathon Oil has begun preparation of these Coal Bed Methane (CBM) wells for the installation of the ARID tools. Both Big Cat Energy Corporation and Marathon Oil have high expectations for these wells.
In addition Big Cat Energy has also brought on two more large CBM producers in the WPRB and will soon begin permitting several pilot wells on their behalf. Permit preparation will begin as soon as the companies provide the required data needed to populate the WDEQ permit applications for submission.
Big Cat Energy Corporation Board of Directors has recently approved a dividend of Big Cat's common stock in its spin off company, Sterling Oil and Gas Company, to the current shareholders of Big Cat Energy Corporation. The dividend will consist of approximately one share of Sterling common stock for every three shares of Big Cat Energy Corporation common stock. This dividend is subject to the completion and effectiveness of the appropriate filings with the Securities and Exchange Commission.
Management of Big Cat Energy has started a dialog with mining companies who could also benefit from the ARID technology. Mining companies typically must dewater their target zones prior to any mining activities. Permitting of wells, storage ponds, evaporation basins and containment facilities are often needed at great cost. The ARID process could eliminate many or all such facilities saving these companies large capital outlays. Meetings have been scheduled with some mining companies to determine the potential of the ARID tool and process in this scenario.
Big Cat Energy would also like to provide some clarity as to why we sometimes cannot use client names in our press releases. The principal reason is because we are restricted to do so under the Master Service Use Agreement (MSA) we are required to sign with most clients. The MSA requires Big Cat Energy to get approval to use the client's name. This process is time intensive and usually must go through many levels of company management and legal departments before approval is given. Depending on the nature of the press release, the use of a clients name may have to be approved each time the name is used.
Due to unforeseen delays in the CBM industry and with the government regulators who approve permits to use the ARID tool and process, it has taken longer than was projected for the tool and process to achieve its place in the industry. We can assure you that the company's business strategy is still on target and nothing has changed. The ARID Tool and process is an excellent tool and concept that works well and the CBM industry is embracing the ARID process. Next year should be a very good year for Big Cat Energy Corporation as well as its shareholders
About Big Cat Energy Corporation
Big Cat Energy Corporation has developed a patented technology called the ARID Tool (Aquifer Recharge Injection Device), a revolutionary new method of water handling that provides coal bed methane wells with the ability to redistribute produced water. This revolutionary new coal bed methane production technology will allow coal bed methane operators to process produced water at a fraction of the cost of current technology.
Additional information on the ARID tool and process as well as Big Cat Energy Corporation is available at http://www.bigcatenergy.com
The one engineer I meet with every 3-4 weeks was familiar with Big Cat and told me they were testing it. As of our last meeting- they weren't overly impressed with it but weren't writing it off yet.
What is the problem with it? I was told it was working very well? What are they saying is specifically wrong with it?
I'm not sure why BCTE would be waiting on any permits. They aren't drilling. They may be waiting on some drilling permits for the wells they are going to test the tool on.
All I heard was permits don't know what they are for. This does not look good today regardless of what the market is doing. $1 bloody dollar give me a break!
Does anyone know what is happing here?
This was trading at 1.80 just a few weeks ago and now $1 Something is not right here. Companay puts out no news no updates just keep telling us permits are going to get signed. Is Mike Schaefer even recommending this stock anymore or is he all out?
All opinions appreciated
So Anadarko is using the tool as well? I'm confused I thought Marathon was the only company using it.
What are they guys saying at Anadarko? You seem to have some connections there.
Do you think this tool really works because I am starting to really wonder as the market on this stock is drifting again. Last I heard BCTE was waiting on some permits. Seems like the permits are taking a very very long time.
In your opinion does this company stand a chance or is it just another Mike Schaefer pump job that will end badly?
Thank you for your reply in advance
"Condition" requirements What exactly does that mean? I have not heard of anything conditional etc.
Please pass on what you find out.
thanks
Uranerz Energy receiving buyout offers - $10 per share
Uranerz Energy, the listed uranium exploration and development entity, has been approached regarding a sale, chairman of the board, Dennis Higgs said. The company, however, has repeatedly turned down interested parties, he added. "We are a target. I can tell you with certainty a large number of companies have approached us," Higgs said, while declining to name specific firms. "To be acquired by someone who has undervalued us doesn't make sense. We don't want to sell," he added. The uranium sector is starting to see its share of M&A activity. Last Monday, Energy Metals Corp (EMC) announced it is merging with acquisitive uranium partner, SXR Uranium One, in an all-stock transaction. That deal represents a 28% premium to the 20-day volume weighted average trading prices of Uranium One's and EMC's shares on the TSX for the period ending 17 May. Further, in an interview with this news wire service, chairman of Ur-Energy's board, Jeffrey Klenda said that the TSX-listed uranium explorer is currently in talks regarding a possible sale, and has also been approached repeatedly. Higgs said there are two main obstacles standing in the way of a potential hostile bid for Uranerz. First, directors and officers own 19% of the company; second, the company's management team would not be interested in leaving the company in a possible takeover, explained Higgs. When pressed regarding a possible takeover price, Higgs said the company is held by over 9,000 shareholders as such, a sale would be contingent on their recommendations. "With our stock at USD 6.00, our shareholders might accept USD 10.00, but I'm not going to say that management would accept that," he added. An industry banker said a USD 10.00 per share offer would represent a fair value if the company could receive that type of premium. The banker described Uranerz as "a good little company" in the right area, with historical resources that have to be converted to 43-101s. Similarly to Ur-Energy, Uranerz' most attractive assets are located in Wyoming. The company has 13 projects in the Powder River Basin (PRB), which based on historical data has 18 million pounds of uranium, Higgs said. Uranerz does not currently have a producing asset, but permitting is expected to begin this year, he added. In addition to Wyoming, Uranerz also has assets in Saskatchewan and Mongolia. Higgs also said Uranerz has USD 15.5m in cash. However, the banker noted that Mongolian assets are still considered riskier due to political uncertainty in that country and are deemed less attractive than projects in the US. With respect to timing, the banker commented that Uranerz is trying to work towards getting listed with the Canadian exchanges, of which a number of technical disclosures will have to be met. Once that occurs, it will give Uranerz more shareholder base exposure, helping its liquidity, he added. Other active uranium players in the PRB include the largest uranium player in the world, Saskatchewan-based Cameco, and the second largest, France's Areva. Further, other uranium players, like UK-based Paladin Resources and Vancouver-based Denison Mines have been tagged as possible acquirers. Headquartered in Vancouver, British Columbia, AMEX-listed Uranerz has a market cap of USD 228.6m.
by Cheryl Thompson and Nadia Damouni
Source : mergermarket Size : 100m - 500m (USD) Value : 228 m USD (Current market cap) Stake Value : more than 30% inclusive Grade : Confirmed Alert : Mining Intelligence ID : 483185
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