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Did anyone see after hours high?! It is up to .13!
On HAYZ or other?
I was in that one a couple weeks ago at .18 and out at .28! I accidentally sold it at .28 when I meant to change the order to .35! It does have more potential.
And then get this, I rebought at .19 but sold at .18 because I was chicken. Bad move.
Which stock if you don't mind me asking?
I am in at .12 on Friday. They are playing games here. How does the chart look?
I accidentally sold my shares at .28. I had an order in ready just in case it dropped and went to change the order but pressed submit! All is well as it made me a pretty penny but it cost me 2 grand and most likely more.
Predictions? Would it be ridiculous to sell at this time?
Who knows?! All I know is that the volume is almost half the average volume already! Average volume is about 1.3 - 1.5 million and we are at 600,000 already!
7500 is a good number. I have 7500 at .39! There was a good amount of trades at .50 and volume is almost half of what the average volume is during the day.
I just want to let people know the level 2 looks horrible on this. This isn't moving up a penny at a time but at a hundredth of a penny. NSDQ is on the ask at about 50 different times to $1.
I was a short term flipper. Bought 1.09 and out 1.35 and waiting to see if their is any dip. I don't believe their will be but I am happy to lock in profits!
Over the long haul it will be worse. http://votersthink.org/?p=551
Recessions are normal. I don't know why we keep trying to delay it. It really doesn't matter because it is all backwards right now. This is not the government's responsibility at all!
I know everyone wants it to pass but it will overtime be worse for the economy.
If I see .20 I will dance and sing. I bought kind of high mid day at .078.
So someone explain to me what happened with the FED selling the WAMUs assest to JPMorgan?
http://news.moneycentral.msn.com/provider/providerarticle.aspx?feed=AP&date=20080928&id=9200130
I am holding more than half a million from PMCL and I definitely learned my lesson. No more major investing in pennies. Only future investments with pennies will be lottery plays. I am still trying to recoup my losses and am doing rather well with the big boards.
Huge cash form what? Food storage? That is where my money is going.
I agree. 85 billion!? How many are lining their pockets as we speak?
Excuse my language but this is bullshit. The government needs to back off and stop bailing out these companies no matter how big they are. We need a free market! This is not the governments job.
This just gives them more control over the people.
I am in this one @ 1.42. Sumitomo Heavy offered up to $6 a share for the company just in the last 6 months and yesterday ACLS said Sumitomo Heavy's time was up for its continued evaluation of the company. The stock then fell to its all time low around 1.20s. It closed Friday at $4.24!? This will recorrect. It didn't fall because of financials but because of the closed deal that didn't go through. Watch this one closely. It closed 1.52 today and reached 1.57 after hours.
PMCL was a scam. They filed as a company without the real Pharm Control knowing. Our only shot is for the criminals to be prosecuted or a future reverse merge.
Clay - What program do you use to make those charts? Thanks in advance!
Just wondering if anyone could give me a quick answer as to how HEMI compares with other current big runner oil and gas companies in the news now on an asset stand point. (HTOG and NCEY mainly)
The AS is at 250,000,000. I will continue to watch carefully.
I don't want to rain on anyone's parade but I would be very careful with this one. Sure it probably will bounce back up but it most likely wont stay there. I would suggest looking at posts around 100-300 for additional insight.
This is from the June filing. "As of May 29, 2008, the Company had 29,897,678 shares of common stock issued and outstanding."
What is the deal with the convertible debt? How much are they increasing the OS by?
Geico is not a small company. At least it is not backed by small numbers.
How many acres does Hemi have in the Barnett Shale?
Was this story ever posted? Four Sevens Oil rolls Barnett Shale dice – again
BY ROBERT FRANCIS
June 12, 2006
For Dick Lowe and Hunter Enis of Four Sevens Oil Co., their confidence in the value of the Barnett Shale paid off – again.
The pair – along with partner Sinclair Oil Corp. – last week sold 39,000 acres in the nation’s second-largest natural gas play for $845 million in cash to Chesapeake Energy Corp. of Oklahoma City. Four Sevens and Sinclair, based in Salt Lake City, will split the bounty 50-50.
Some 26,000 acres are in Johnson and Tarrant counties, where Chesapeake has identified 500 potential drilling sites. Another 13,000 acres are outside the core area of the Barnett Shale. The divested assets have a current gross production of 37-million-cubic-feet per day (MMcfd) and the midstream pipeline transportation assets are located in Tarrant and Johnson counties.
Chesapeake also said it would acquire another 28,000 net leasehold acres in the area for $87 million. In total, Chesapeake said it was acquiring 1.5 trillion cubic feet of natural gas equivalent in proved and unproved reserves, with an estimated cost of $2.3 billion to fully develop those reserves.
For Four Sevens, the second roll of the Barnett Shale dice proved even luckier than the first.
“We’ve sold out twice for a total of about $1 billion,” said Lowe. “I guess we must be doing something right.”
Something right is probably an understatement. In 2004, Lowe, 78, and his partner Enis, 69, both former Texas Christian University football players, sold their Barnett Shale holdings of 26,000 acres to XTO Energy for $155 million.
For Lowe, who spent years in cold, inhospitable locales seeking his fortune, making million-dollar deals in his own backyard is a blessing.
“We like to joke around here that we won’t buy any leases we can’t see from our office,” said Lowe. “That’s not quite true, but it’s not far from it.”
Four Seven’s office is in The Fort Worth Club building.
Lowe’s recent success is something of a second – or third – act for the former TCU linebacker who played on national championship football teams coached by the legendary Dutch Meyer in the 1940s. He was also one of the TCU boosters named in a football scandal that nearly cratered his beloved football team in the mid-1980s. Then, in the 1990s, his oil company, American Quasar Petroleum, hit rock-bottom after a Canadian venture went south. Much like TCU’s football team, Lowe has bounced back.
His thoughts on his troubles in the past are simple.
“Live and learn,” he said.
Lowe said the company plans to continue working in the Barnett Shale, though it has a “no compete” clause with Chesapeake that prevents it from working in areas neighboring its former holdings.
“We’re keeping our team together,” he said.
Four Sevens has a formidable team. Aside from Enis, a Polytechnic High School graduate who quarterbacked TCU’s last Southwest Conference championship team in 1958, Four Sevens has two minority partners – geologist Larry Brogden and land manager Brad Cunningham. They also have a drilling manager who once worked for Mitchell Energy (now Devon) the company that originally identified the natural gas assets in the field.
Lowe also expects several leases to expire soon, as standard three-year leases expire with no drilling.
“It can be tough to get access to a rig without some major financial backing, so a lot of that property will be available,” said Lowe.
Chesapeake won’t have that problem. The company has its own fleet of rigs, said Tom Price Jr., senior vice president of corporate development for the company.
“We plan to have more than 20 rigs drilling in the shale, primarily in Tarrant and Johnson counties, by the end of the year,” he said.
Chesapeake is one of the country’s largest independent energy operators and probably the largest that focuses on horizontal drilling in shale gas, the primary drilling method used in the Barnett Shale, according to Price.
Chesapeake is currently the largest leaseholder in the Fayetteville Shale in Arkansas. Recent pilot drilling in Arkansas showed only about a third of the company’s 1.1 million leasehold acres are potentially commercially productive, said Price.
“We’re not saying it’s not going to pay off. We just think there needs to be some additional engineering and operational breakthroughs to make the Fayetteville Shale more viable,” he said.
There is no such problem in the Barnett Shale area, according to Price.
“We’re going to be very active down there in the next six to eight months and we’ve got our own rigs,” he said.
Chesapeake initially entered the Barnett Shale 20 months ago when it purchased the assets of Hallwood Energy, which operated in Johnson County. Chesapeake purchased Hallwood, which had demonstrated that there was value in the Barnett Shale outside of the “core area” in Tarrant, Wise and Denton counties, paying $277 million for 18,000 acres and 42 wells.
While the rise in the price of natural gas led to the original development – and economic viability – of exploration in the Barnett Shale, recent drops in natural gas prices have not slowed interest in the field. On June 4, natural gas futures on the New York Mercantile Exchange for July delivery closed at $6.530 per million British thermal unit (Btu), down by more than half from December 2005’s historic high of $15 per million Btu.
Price said Chesapeake had insulated itself from the rise and fall of natural gas prices by hedging (selling forward) about 90 percent of the gas it expects to produce this year.
“Having those prices locked in really helps us manage our business and we’ll be doing that going forward as well,” he said.
The up and down nature of natural gas prices didn’t hamper competition for Four Seven’s assets, according to Lowe. He said there were 15 companies with some interest in Four Sevens and that eight companies made a bid.
“Interest was high, no doubt,” said Lowe.
One of the bidders was likely XTO Energy, which entered the Barnett Shale play in January 2005 when it purchased Antero Resources of Denver for $700 million. On June 1, XTO added more to its Barnett Shale portfolio when it purchased Durango, Colo.-based Peak Energy in an all-stock transaction valued at $105 million. The purchase will bring XTO’s total Barnett Shale holdings to 200,000 net acres, according to the company. The Peak Energy properties, based primarily in Hood, Parker and Erath counties, are expected to reach production of 10 million cubic feet per day by the end of 2006 and more than 25 million cubic feet per day by 2007, according to XTO.
Last month, Devon Energy, the largest player in the Barnett Shale, purchased Chief Oil & Gas of Dallas for $2.5 billion, and Range Resources of Fort Worth purchased Stroud Energy, also of Fort Worth, for $450 million.
In December 2005, ConocoPhillips of Houston purchased Burlington Resources and its Barnett Shale assets for $35.6 billion. That previous August, Burlington Resources had purchased Republic Energy’s Barnett Shale properties for $140 million.
The Four Sevens purchase will kick Chesapeake into competition with high rollers like Devon, XTO and EOG Resources of Houston. The deal also will push the company into a more prominent role in the community.
The company has leased 27,000 square feet of office space in the D.R. Horton Tower and plans to hire or relocate people to head up operations in the area.
“I don’t know how many we’ll hire, but we’ll be very active in hiring and also very active in the community,” said Price.
Chesapeake is not the only energy company to add to its space. XTO recently acquired the former Swift & Co. office building on the north side for its Barnett Shale operating division. The two-story, 28,000-square-foot building was most recently a Spaghetti Warehouse restaurant. It was built in 1902 as the general offices for meatpacker Swift & Co.
Is AUTO anywhere near the level 2?
How much was the after hour trade?
Why would there be trading after the OSC investigation? It would be trading a fake company. We know Pharm Control exists but the ticker PMCL means nothing to them.
So if I understand old posts correctly, Hemi paid for the flooding damages and is also awaiting insurance money? Also anyone have level 2?
Within the next 9-10 days we should have the update from Keith. From what the PR said and from what others have been digging up about deals in Kansas and ND very good news could be on the horizon. I have money on it. ;)
I wonder what kind of buy out negotiations Hemi could possibly receive?
What's the chance of having a run like last time?
This is very thinly traded. Like Bigmur was saying about AUTO now letting the traders make the price seems to be the case so far. Shares are hard to get and move up quickly.
Woooooooo! Mine got through just before it hit .10!
I have had a order at .08 for a few minutes now. I saw the ask switch to .1 for a second. Whoever said "Don't blink." was right.