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Lowman, another thing I think many totally overlook is that WRNW is diversifying into the chemicals and services field. WRNW is positioned to be called upon to service O&G operators that need those services, no matter who they are. WRNW is hedging themselves perfectly.
jc
Uh....maybe with the money they said they raised for just such a purpose?
Well Renewal Completes One Million Dollar Fundraising
Monday April 9, 9:30 am ET
TULSA, Okla., April 9, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Other OTC:WRNW.PK - News), a rapidly growing diversified oil and gas regional operator specializing in oil and gas exploration, enhanced recovery methods of abandoned and low-production oil properties, oil field services and petrochemical distribution, today announced the completion of approximately one million dollars in funding since February 2007. The monies raised will be used to target and acquire additional oil field leases and energy services companies.
I like very much where WRNW is headed. They are not only an operator in O&G, but are positioning themselves as a services company to the rest of the players. I remember some years back following Warren Buffet's strategy when energy traders were the big thing. Most were buying up shares in Enron, Dynegy, etc. Buffet was buying up the transmission lines and I think also a piece of the services industry. Those picks are still paying for him while energy trading companies have shuffled around and fought each other for a bigger slice of the industry. But no matter who was on top at any given point in time, they had to pay Buffet's companies to move the electricity from grid to grid...absolutely brilliant. IMO. WRNW now has a piece of a Michigan based, privately owned services outfit.
jc
...and I suspect Mr. Rees is just getting started.
I love a company that is true to it's word. Thanks Mr. Rees. This is how it is done...adding value over time.
Time for a shower. I want to smell good if the news hits.
You're the MOD and your advice has already made me a lot of money, so I defer to your judgment.
Lowman...from here on out I will stay OT. Today the board is likely to see a lot of clutter.
Ouch...
...Not so much responding to the guy as to the thinking. I personally am happy he made money. I just think he could have been patient and made more...No big deal, just using a stock chat forum to express an idea about trading.
OT...Oh...let me have a look-see.
The intent was to cast doubt on the idea of selling all the while planning to get back in when everything points to the likelihood that he will not get back in anywhere near where he sold. Not to say it's impossible, but I don't think it's likely. It's the same mentality as farmers who sell those teeny weeny ears of corn used at Chinese restaurants. Man, let the stuff grow a little while.
SGG , you are of course free to do what you like. But IMO the retrace is over for now. It happened late in the day yesterday. You took a calculated risk. If it moves up significantly today you may have left a lot of money on the table, especially if it gaps. It is still a bargain at this price IMO, but you do what ever you want.
Excellent action. Churning very well.
They are making a mistake with this one, IMO.
I guess I wouldn't either.
Couldn't have said it better myself. Flippers with this one just whittle away at what they could have made. The honest ones would step up and admit that.
The trend is there. Best buying opportunity is right now.
I agree completely.
Hey...leave my bananas alone! LOL
Hey, 1MilFL...do you take requests? How 'bout Pink Floyd's "Breathe" ?
LOWMAN FOR PRESIDENT!
I'm getting a nose bleed.
Outstanding action today thus far. Nice orderly market being made. This morning I was worried it would pop too much too fast. Much better for us to continue this kind of slow turning over until we get substantial news.
It's taping of buys yesterday. Methinks MM's are fabricating something.
I saw that. It looks like they may gap it this morning. I hope not. Amateur hour should be interesting.
Greggor, you and I are are both blessed and fortunate to be here. IMO when looking at a pink sheet company, it is riding in a small plane at night. Every once in a while the pilot passes some information back to you about where things are and where they are headed. He is flying by instruments. We look out the window and can't see anything. So what it all comes down to is two things. First, is the plane airworthy? Is it a paper plane or does it really exist? Second, is the pilot on the plane with you and can you believe him? Many posters have shown us that WRNW has real, hard assets. Lowman has shown us that in his experience, the pilot can be believed. In a pink sheet, it just doesn't get better than this. So as assets grow, as numbers come in, if beneficial mergers take place, if everything proceeds in the right direction...well... we took off in a Piper Cub, but we may well land in a Lear Jet.
jc
Good morning Greggor. I feel great. I am hoping for a lot of churning today and also to see any and all flippers clear out. Having no news today would help facilitate that. Yesterday was a great day IMO because so many new names appeared here buying in anywhere from the .009's and up. This kind of plowing and re plowing the soil builds a stronger and stronger base for us. News Wed. or after would serve us better, IMO. But that of course is just my opinion. Basically I am all for anything that contributes to a long steady and orderly climb from now on.
Have a great day!
jc
Word on the street is some big news on Wednesday. Stay tuned.
We had a snowstorm last night there is still no power at the house so I came to the office to check. Looking good. I am eagerly awaiting the anticipated news.
jc
I agree. It's a great board that stays focused. Other boards are available for politics.
This will be fun when the price moves in penny increments.
Aroon Oscillator
Dominion recently acquired this O&G company:
Louis Dreyfus Natural Gas - LD- Profile
Website: http://www.ldng.com/
Phone: +1 405 749-1300
Address:
14000 Quail Springs Parkway
Oklahoma City, OKLAHOMA 73134
Company Description
Louis Dreyfus Natural Gas Corporation. The principal activities of the Company include the acquisition, development, exploration, production and marketing of natural gas and crude oil. The activities of the company are carried on in Texas, New Mexico, Oklahoma, Kansas, Arkansas and Louisiana. The company maintains adequate reserves of natural gas, an alternative fuel source for electricity generating facilities for their power consumption requirements. The exploration activities are carried out through advanced technologies which includes 3-D seismic analysis, computerized mapping and reservoir simulation modeling. The company has entered into fixed-price natural gas delivery contracts with natural gas pipeline marketing affiliates, a municipality, an independent power producer and other end users, basically to reduce exposure to decrease in oil and natural gas prices due to volatile fluctuation.
Very interesting indeed. I mean what are the odds? We are getting news out about encouraging results on WRNW gas wells and we see a big name in the NG industry pop up as a director next to the new CEO who happens to be an M&A specialist. Coincidence? Could be. But if not...wow.
Very interesting find. The name Jeffery Barger appears all over the place in the NG industry. I wonder what the odds are this is the same man? I did a quick search and Dominion does have operations in Oklahoma.
Same to you. I'll be holding out for all the bananas!
Well, Good morning everyone. Time to drink coffee and do a little research...
What the heck, I might as well buy 'em here. I suspect in a short time it won't have mattered. here goes'