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Texas observations...although I did not get to Graham, TX. this past week I did visit 5 separate oil drilling operations during my week in Texas; 2 of these operations were in the Gulf but the other 3 were land based operations. What I can tell you is that the activity has increased in just the last 30 days as spring approaches.
The first O&G lease operation that I visited has 17 drilling rigs spread out over 5 square miles, last month 4 rigs were operating, this week that is up to 11 rigs with 4 rigs more to come on line within the next 7-10 days.
The second and third land based operations were smaller operations 11 and 8 rigs but the same increase in activity where both of these 2 operation will be operating >85% by end of April.
But the best observation validated by all 3 is that the demand is very strong (i.e. no indication of an inventory glut) including the spot market and strong pricing.
Servicers - Are booked way out and in some cases can not commit to additional work for the 2007 year....supports Hemi recent decision and purchase.
Drilling Rigs Parts and Inventory - Huge demand and very low supply currently exists and the specialty contractors in this sector are booked way out.
So what does this all mean???
If Hemi executes its current business plan and installation well strategy to get the flow going it will = Big $$$.
We all know the oil is there, so does Hemi....the market currently supports increase activity....demand and price for product is strong....and life in oil country is rapidly going on line.
And............its not going away.
Kels
Just checking in quickly....my work week here in Texas has been good....as with my trip last month.... the drilling activity is even stronger as spring is here.
Have visited 5 different drilling rig sites (2 in the Gulf of Mexico) since Monday with an engineering crew...thought I would get to Graham, TX yesterday- but took the opportunity to spend another day in the field (Drove with the my team from Houston to Dallas).
In the Dallas office tomorrow, fly back home late tomorrow...will report some interesting info & finding over the weekend once I get settled in.
And yes again the Hemi name is known in these parts!!!
Kels
And keep in the back of your mind regarding the upcoming Hurricane season that the El Nino is currently weakening (Pacific Waters are cooling off of the South American west coast) and in simple terms that will increase the threat of Hurricanes impacting the U.S. mainland
I stated this before but when the El Nino weakens it causes less westerly wind sheer that during the Hurricane season allows for stronger development. Also if you live on the east coast the "hook out to sea" is not as strong, allowing more Hurricanes to enter into the Gulf of Mexico.
Look at the 2004 and 2005 Hurricane season and then look at the El Nino effect....it was not there it was La Nina. The El Nino strengthened in spring 2006 and look what happened last year........ 2006 Hurricane season.....basically it did not happen...either the hurricane formations were weak or they hook out into the Atlantic and back out to sea.
Another tool that I use is:
www.noaa.com
Some great info if one wants to understand the impact of Hurricane development, predictions and influences. Why now??? because all eyes will be turning to the Gulf of Mexico as the Hurricane season gets closer. Why the Gulf of Mexico....Oil Rigs and Platforms.
Kels
Lowman, I do like it when the stars start to alien with one another!!!
Kels
Yup...O&G have been very volatile lately...and yes I agree market forces are in play moving into heavier cash positions but let me throw a contrarian point of view:
1. Money has already been pulled out of HMGP.
2. Money already pulled out of overall markets will look at HMGP (chart signals & the potential positive going forward developments forth coming).
3. Look at the Friday PPS action of NVMG and ALRY...think HMGP may follow???
4. Strong spring factors the influence the resuming of production for O&G sector as well as the demands.
4. Many still Long and Strong HMGP...even with the volatility of HMGP PPS the trading daily HMGP volume is still not out of whack...(i.e shares are still hard to get or in other terms demonstrates that strength of the current longs)
Kels
IMO if Fibo is in play with Hemi... what happens next???
Using the following Fibo indicators 62-50-38-0, they should become near term resistant and then support levels for HMGP......
But remember this is a Hemi and any positive developments or news releases (PR's) and any short chart action indicators are off the table.
This is why it is so dangerous to trade this type of strategy with HMGP...at any time developments have occurred in the past that takes Hemi to a new level and IMO will occur shortly again.
One message that Fibo does indicate is at this level (PPS) HMGP is an excellent buying opportunity. As a side note HMGP had a strong bounce off of the 62% Fibo level which just happens to also be the 50MA. Even a novice chartist understands this positive reaction in PPS.
According to Fibo:
Current level = 62% of Fibo(delta change)0.88x.62= 0.55 delta
0.90 - 0.55 = 0.35
1st level = 50% of Fibo (delta change) 0.88 x.50 = 0.44 delta
0.90 - 0.44 = 0.46
2nd level = 38% of Fibo (delta change) 0.88 x.38 = 0.33 delta
0.90- 0.33 = 0.57
3rd level = high where Fibo started = .90
Maybe these above short term resistance/ support levels allow for new churn levels for Hemi...as occurred from Dec - mid Feb before the fireworks went off!!!
Kels
Now your getting into my backyard for some of the tools that I like to use.
Lowman, as you stated the current HMGP chart has pinned the 62% Fibo =.02 > 0.90 = 0.88 overall move: 0.88 X 0.62 = 0.55
0.90-0.55= 0.35
Some basics regarding Fibonacci to help those understand what, where ,why, when and how's for those that only know Fibonacci by name:
Fun With Fibonacci
12th century monk Leonardo de Pisa, as Fibonacci, discovered a fascinating mathematics sequence that appears throughout nature. Beginning with a simple 1 + 1, the sum of the last two number sets that precede it creates another Fibonacci value:
1+1=2 1+2=3 2+3=5 3+5=8 5+8=13 8+13=21 13+21=34 21+34=55 etc, etc.
For reasons that remain unknown, major ratios drawn from these numbers describe a predictable interaction between trend and countertrend movement in markets. The most important ones to remember are 38%, 50% and 62%. Applying these percentages to trending price predicts the extent of retracement contrary to the underlying trend, as well as how far a new high or low will travel. For traders, these hidden points represent invisible support/resistance zones where prices will hesitate and/or reverse.
Fibonacci numbers closely relate to Elliott Wave theory. However, using them requires only a short primer in that arcane study. At the minimum, develop the basic understanding that primary trends travel in 5 waves (3 forward and 2 backward) while countertrends move in 3 waves (2 forward and 1 backward). That's all you need to easily manipulate Fibonacci price grids.
Grab some charts and a good charting program. All good technical analysis software has this Fibonacci function.
Placed correctly, you'll notice that most markets swing off Fibonacci ratios as they move from support to resistance and back. Once you get the knack of it, you'll see that trends in all time frames have common elements and similar proportionality.
Trade decisions using Fibonacci retracement must include entry/exit analysis (risk:reward) with respect to key pivot points. Focus on getting into a market at major ratios while standing aside as price hovers between key zones. Most times, the smartest execution will be counter the most immediate short-term trend.
Kels
Now that is impressive!!! Thanks for the info
Kels
Some more STXX for HMGP comparisons. had this in my files recent STXX results 11/06
Kels
STXX
Results of Operations
For the three months ended September 30, 2006 compared to the three months ended September 30, 2005.
Oil sales. For the three months ended September 30, 2006, oil revenues were $173,544 compared to $57,325 for the same period during 2005, an increase of $116,218. The increase was the result of increased oil production as a result of workovers and increased oil prices.
Depreciation, depletion and amortization. Our depreciation, depletion and amortization expenses were $36,125 for the three months ended September 30, 2006 compared to $29,170 for the same period in 2005, an increase of $6,956. The increased depreciation, depletion and amortization expenses were the result of the purchase of equipment and leasehold improvements for the period ended September 30, 2006.
General and administrative expenses. General and administrative expenses were $122,860 for the three months ended September 30, 2006 compared to $128,155 for the same period in 2005, a decrease of $5,295. This decrease was primarily related to the decrease in overhead as a result of funding expenses, decreased insurances, travel and lease administration costs for the period ended September 30, 2006.
Interest expense (net of interest income). Interest expense was $0 for the three months ended September 30, 2006 compared to $267,083 for the same period in 2005, a decrease of $267,083. The decrease was due to the conversion of debt to common stock in the company associated with the recent funding.
Net income (loss). Net loss decreased by $378,678 to $(11,847) for the three months ended September 30, 2006 from $(390,525) for the same period in 2005. The primary reasons for this decrease include a decrease in administration costs of $5,295, an increase in production costs of $3,800, an increase in depreciation, depletion and amortization costs of $6,956, a decrease in interest costs of ($267,083) associated with our recent funding, an increase in plugging costs of $15,821 and an increase in production taxes of $5,935.
For the nine months ended September 30, 2006 compared to the nine months ended September 30, 2005.
Oil sales. For the nine months ended September 30, 2006, oil revenues were $446,253 compared to $177,711 for the same period during 2005, an increase of $268,541. The increase was the result of increased oil production as a result of workovers and increased oil prices.
Depreciation, depletion and amortization. Our depreciation, depletion and amortization expenses were $101,370 for the nine months ended September 30, 2006 compared to $83,926 for the same period in 2005, an increase of $17,444. The increased depreciation, depletion and amortization expenses were the result of the purchase of additional equipment and leasehold improvements during the period ended September 30, 2006.
General and administrative expenses. General and administrative expenses were $299,419 for the nine months ended September 30, 2006 compared to $229,643 for the same period in 2005, an increase of $69,776. This increase was primarily related to the increase in overhead as a result of increased payroll costs, insurances, travel and lease administration costs.
Interest expense (net of interest income). Interest expense was $159,303 for the nine months ended September 30, 2006 compared to $296,339 for the same period in 2005, a decrease of $137,036. The decrease was due to decreases in the outstanding debt of South Texas Oil Company during the period related to our recent funding activities.
Net income (loss). Net loss decreased by $335,384 to $(206,760) for the nine months ended September 30, 2006 from $(542,144) for the same period in 2005. The primary reasons for this decrease include an increase in administration costs of $69,776, a decrease in production costs of $2,965, an increase in depreciation, depletion and amortization costs of $17,444, a decrease in interest costs of ($137,036) associated with our recent funding, an increase in plugging costs of $41,901 and an increase in production taxes of $5,542.
Capital Resources and Liquidity
Liquidity
Management believes that its working interest revenues from the existing wells will meet its minimum general and administrative cost requirements and provide the basic liquidity South Texas Oil Company needs to operate at current levels over the next twelve months.
For the nine month period ended September 30, 2006 South Texas Oil Company increased its working capital from a positive $1,633,470 as at December 31, 2005 to a positive $2,284,172,606 as at September 30, 2006. This increase in working capital was a result of an increase of cash on hand of $419,732, an increase in accounts receivable of $34,127, an increase in prepaid expenses of $6,474, an increase in accounts payable of $31,351, a decrease in accrued interest of $96,268, a decrease in payroll liabilities of $47,510 and a decrease in short term loans of $66,650 and a decrease in related party debt of $11,292.
Lowman I have been in STXX since Feb 05, I can not believe that I have held this (what was a pinkie) for 2 yrs, although my share portion is much smaller than when I started due to my strategy of closing my position is also tax related - annual capital gains over a year and as a whole for the tax year.....I'm not complaining!!!!
When I see what has occurred with STXX and compare this to HMGP.... well...we don't need to go there...well informed Hemi'ers already know.
Here is some back ground on STXX properties. From my research these properties have good potential and have produced but nearly NOT the potential the the Hemi leases indicate. So when I compare where STXX was in Feb 2005 to where HMGP is in March 07 and fast forward...the numbers speak for themselves.
Kels
STXX Properties
The company now has a total of approximately 5,244 acres under lease in Texas and approximately 20,000 acres under lease in Colorado.
BIG FOOT FIELD, FRIO COUNTY
Ann Burns - 20 ac.
Ann Burns A - 689.43 ac.
Burns - 637.25 ac.
Davidson - 300 ac.
G.O.Davidson Lease - 40 ac
Foster - 331.062 ac.
Jane Burns - 80 ac.
Jane Burns 'A' - 20 ac.
Jane Burns 'B' - 80 ac.
Jane Burns 'C' - 80 ac.
Jane Burns 'D' - 80 ac.
Jane Burns 'E' - 40 ac.
Jane Burns 'F' - 20 ac.
Jane Burns 'G' - 20 ac.
Shell - C. - 80 ac.
Smith, et. al. - 327.48 ac.
Talley - 800 ac.
Total acreage in Frio Co. = 3,645.222 ac.
KYOTE FIELD, ATASCOSA COUNTY
Crowther - 197.42 ac.
Hill - 87.41 ac.
Rizik - 180 ac.
Tomblin - 129.24 ac.
Wright - 350.293 ac.
Total acreage in Kyote = 944.363 ac.
SOMERSET, ATASCOSA COUNTY
Fowler A Lease - 140 ac
Fowler C Lease - 229 ac
Oldjamie Lease - 105.1 ac
Diamond Head Lease - 40 ac
Diamond Head A Lease - 120 ac
Diamond Head B Lease - 20 ac
Total acreage in Somerset = 654.10 ac.
Total acreage in Atascosa Co. = 1598.463 ac.
Total acreage Colorado = 20,000 ac.
Total acreage Oil and Gas fields = 25243.685 ac.
The Company plans its future growth through a balance of acquisition of working interests in existing wells and leases, increased production on current leases and new drilling on current leases in accordance with new State of Texas guidelines of one (1) well per ten (10) acres, as opposed to the previous ratio of one (1) well per twenty (20) acres. This latter strategy of in-fill drilling affords the most potential for the Company. The new guidelines will allow us to place new wells between existing wells that have previously produced or are currently producing oil.
The Company serves as operator with respect to these properties acquired pursuant to association contracts in which the Company obtains a controlling interest or holds the largest ownership interest. It is anticipated that the Company will also participate in the development of properties operated by third parties and in some cases may delegate operations to a third party.
Excellent info over the last few days, it only reinforces the going forward potential of Hemi as this excellent information gets validated by the company. I have been in Hemi since Dec and again as I have stated IMO that the Hemi story keeps getting stronger and stronger. This is only the third pinkie that I have held the majority of my shares where the PPS has increased >8x and not closed out the position...long and strong
Recently new board members have said this is foolish..... take the money and run....... but when one steps back and does an analysis on the recent past, current and future of Hemi, its position in the emerging O&G arena, the business model being executed and the going forward potential; IMO the foolish move is to be out completely.
My specific strategy with Hemi has enable me to position myself with a very large amount of shares at a current minimal cost basis.
Is this a gamble as some have indicated?? Maybe since one cannot predict the future...but in my book if the word gamble is to be used with Hemi, then it is a calculated one based on the above and info that has been shared and validated on this board and to me that becomes an investment.
Next week my work provides me another opportunity to be in Texas. Although I do not work directly in the O&G industry it does allow me direct one on one interaction with some specific O&G companies and gets me about as close as one can get from outside the industry. I am looking forward to some further answers and clarification to some of my questions that I have regarding the emerging O&G and some additional DD based on the developments over the last 30-45 days with a number of the emerging O&G. And within proper scope I will try to provide some of my observations and insights as it relates specifically to Hemi.
Kels
With all the game playing this past week leading up today.....
I can only say that I would not want to be short Hemi over the weekend.
With all the potential upcoming news combined with "as we know" what Hemi management thinks of PPS manipulation.......
Who knows what Monday AM or for that matter next week may bring...but IMO Hemi is about as far stretched to the downside and it was to the upside (.90) 2-3 weeks ago.
Reminds me of mother nature...it all balances out.....but be careful and don't get mother nature (K.A) to upset!!!!
Kels
Lowman....looks like we are on the same Hemi page
Posted by: kelseyf
In reply to: None Date:3/13/2007 8:11:52 PM
Post #of 7258
It's time that we get back to some productive discussion, the last two weeks have been a bit out of whack both the PPS of HMGP and the events that have occurred outside of the PPS.
Don't get me wrong it's great but it's time that we shift some focus to a more productive dialog after all that is what the roots of this board is all about.
So let me start.
Hemi has been very consistent in delivering information and updates on its progress and successes. We all know that there are a number of confirmations that will be shortly forth coming as well as an update on production. The following IMO is forth coming from Hemi and IMO I have listed these potential events in order of importance:
1. Updated production & new drilling - The last was in Jan/Feb we are now into March. IMO this has the best potential of exceeding expectations. Hemi will provide updated production and my money says it exceeds prior indications.
2. Confirmation of the geological report - Hemi already confirmed that upon their review of this report a follow-up PR will be provided with additional validations. Another possible mover if this report is quantified by Hemi management as a positive. Does anyone here doubt that this read will be anything but positive???
3. Additional leases, reworked rigs and indicated reserve amounts -If the past is any indication then the story only gets better once these indicated reserves are revealed. Remember the current state of Hemi is pretty much based on the Kansas leases. We all know these Kansas leases are huge but in the big picture these Kansas leases may be only a small part of the overall picture $$$.
4. Potential interest by a "Big O&G Player" -Any one that has been into Hemi since Dec. knows the potential background and interest here let alone how the O&G industry functions regarding M&A.
5. Media exposure - already announce the upcoming documentary.
And the best news is that much of the above information will probably be provided within the next 30-45 days.
That's my current Hemi summary
Kels
Hey you never know but if it ever went to 10M shares.......down the road $8 will be one h*ll of a deal......
But then again we're still at 36M with a .39 PPS...
Are you implying something??? I just gave an answer and an IMO to your question.
Kels
Yup...and IMO give it time...Hemi will get there..as it too becomes another gem :))
Kels
Well let me see...
I still have some STXX (and believe me this has/was been a great long term hold going back over a year, meets my definition of long term...capital gain tax)......
and I'm going with Hemi as another one......
And after I get back from Texas next week, I'll address the CEO honesty question.
And I will let the board respond to the rest of your "it is only the honesty of the CEO"....come on...are you implying something different???
So far to date Hemi (Keith) looks pretty honest to me.
Kels
Jag you sound a bit nervous...just don't play into the MM hand's...keep a focus on the Hemi fundamentals.... your own game plan and if Hemi executes the rest in time will fall in place.
Step outside for a moment, look at the real story that Hemi has provided so far to date and the indications of what is to come....then take a deep breath and look where Hemi was back in Dec/Jan...then ask the questions.
Kels
See HMGP message #7020 and the following replies to this message
Kels
LMAO!!!!!!!!!!!!!Lowman they always keep trying...don't they??
Kels
Lowman...... now that summarizes what a great opportunity HMGP is and how this game can be "played by others" that see the same investment value that either want more shares by utilizing very different tactics or are into it for only short term gains (long and short side of the trend).
Your insight and information hits the nail right on the head and if one is able to see and understand the difference between investing in HMGP vs. "playing" HMGP then the rewards of this investment will far out gain the "play" in the long run.
If anyone thinks that an investment, like HMGP, is simply a straight line up to what ever that fair value of HMGP is then the joke and expense is often on them. As you indicate they often will fall into these traps of these different tactics and feed additional short term pressure into the volatility of the stock price. In addition, these "investors" start to think (false security) that they too can play these tactics successfully........
Sell high.... buy back a bit lower.... add more shares.
But in many cases only a very few seasoned traders are successful....and this is one factor of many that allow these "different tactics" to work short term...at the expense of those unseasoned investors.
What is my definition of an unseasoned investors when this style of "play" develops......
All of us......including myself because the "players" that one is often up against are the MM's. And IMO there is no way any individual seasoned investor can consistently win these short term challenges if you play these tactics........
But stay the course...play the fundamentals....do your DD....set your overall strategy and stick to it....and the odds of success increase greatly.
Kels
moneymogel2b.....this where the boys are separated from the men and the girls from the women....
What's the line that Howie always uses.........do you have the guts to stand firm????......... or as you describe to the pot at the end of the rainbow.
I'm firm and standing pat....as many have stated to much value and potential gain to stop here. That has been my strategy, I have my targets and I am sticking to it.
I'll end with this...what is different today about Hemi than the day it hit intra .90??? If there is a change it is only a stronger case......... Again to much of the story has yet to be revealed.
Kels
It's time that we get back to some productive discussion, the last two weeks have been a bit out of whack both the PPS of HMGP and the events that have occurred outside of the PPS.
Don't get me wrong it's great but it's time that we shift some focus to a more productive dialog after all that is what the roots of this board is all about.
So let me start.
Hemi has been very consistent in delivering information and updates on its progress and successes. We all know that there are a number of confirmations that will be shortly forth coming as well as an update on production. The following IMO is forth coming from Hemi and IMO I have listed these potential events in order of importance:
1. Updated production - The last was in Jan/Feb we are now into March. IMO this has the best potential of exceeding expectations. Hemi will provide updated production and my money says it exceeds prior indications.
2. Confirmation of the geological report - Hemi already confirmed that upon their review of this report a follow-up PR will be provided with additional validations. Another possible mover if this report is quantified by Hemi management as a positive. Does anyone here doubt that this read will be anything but positive???
3. Additional leases and indicated reserve amounts -If the past is any indication then the story only gets better once these indicated reserves are revealed. Remember the current state of Hemi is pretty much based on the Kansas leases. We all know these Kansas leases are huge but in the big picture these Kansas leases may be only a small part of the overall picture $$$.
4. Potential interest by a "Big O&G Player" -Any one that has been into Hemi since Dec. knows the potential background and interest here let alone how the O&G industry functions regarding M&A.
5. Media exposure - already announce the upcoming documentary.
And the best news is that much of the above information will probably be provided within the next 30-45 days.
That's my current Hemi summary
Kels
In Florida the "bait and switch" saying is very well known!!!
And after seeing the "Ocala" company that Lowman is with I'd say the joke is on us!!!!
Kels
ahhh...there we go....just what we needed....some good re- enforcement of the building Hemi story and information.
Kels
Interesting that you bring up this point on a weak DOW day. The same occurred that day the DOW dropped 400+ intraday a couple of weeks ago.
Amazing how they try and build on the fear factor.
Speaking of DD2....surprised that the communication is at a stand still...this is usually the type of environment that opens up the DD2 lines of communication....in my book an opportunity to demonstrate that good DD pays off in the long run.
Kels
Toned down your signature...................hey matie???
Welcome to the NVMG board....no plank walking allowed!!! LMAO
Kels
This is a great example of the "mind games" that can be played when volume is low.....just remember what happened in the past once the volume picks up....from my reading of the chart formation its a positive direction......And it will happen again.
That .41 trade, in my hobby, is called a teaser or better yet a bait and switch tactic...if it works it can reap some great benefits....if not you can loose your rig.
At this point looks like new rigging is needed.
Kels
Ok, you can have the pie, I'll take a Hemi hat with the offshore adventure....but knowing my wife I better pass the rest to Lowman!!!
Just got out of a meeting....hope it was not an MM that got the goods @ .41. I thought after yesterday the game playing might be over....but IMO I still believe time will wash all this out.
Still long and Strong
Kels
Key Lime pie....Hemi hats...and babes in bikini's....and a little offshoring for an adventure....and catch a great meal too.
If your going to go....hit the end....Key West and Duval Street!
Kels
Lowman....it appears that the "Sunshine State" is having a ++++ effect....happens to me every time I get down to the Keys.
Kels
Agree....todays action was a good demo of some good stability after the recent ~10 days. Time is on the Hemi side as the story will only get stronger has we push into spring.
I do like the way the chart indicators are shaping up and it is fair to assume that more Hemi news will shortly be provided.
Kels
Tread lightly....the RGNO trading action is becoming one where IMO you use a strategy that opens a position and then sell a portion of that position with +/- 50% gain, then wait for the pull back and buy back that position again if you need to stay in. Just look at the action between Friday and today.
At least this way you are keeping a portion in case RGNO keeps going up, if not you are building a free share portion.
One reason I have currently stayed on the sidelines with this one, it just does have the ammo yet to run up without these huge swings.
Kels
Lowman looks like the Hemi get together was quite a success...and yup Friday's action was clearly an attempt to put a major disruption into the overall chart..I didn't see the action until late Friday after the close....from what I can tell..... they tried..... and they tried ......and they tried (almost like the wolf and the three little pigs) but basically no major impact...... I believe this week will again set Hemi straight.
I just got to TPA (Tampa)to catch a flight back north...wireless laps are great....looking forward to your follow-ups from the weekend in Ocala and to get a better look at the pictures already posted (Good Looking Group!!!) and the feedback provided.
Kels
Jag...IMO Friday appears to have been the day to "load up". For those that did.....they too will be happy Hemi campers.
IMO an RSI 50 could be a reach for HMGP.....there is too much potential going on currently with Hemi, we all know that a number of PR's including updates are upcoming so I will answer before you ask such as:
Confirmation for Hemi regarding the geologists report.
Update on current drilling rig just installed
Second drilling rig
Upcoming documentary
Updated production report and or actual to date.
and of course, after the last two weeks of chart action, the possibility of a Keith zinger!!!
And let us not forget, I am sure that Lowman will provide some good feedback from the Ocala get together by Monday if not sooner!!!!
From the chart perspective....this is now no doubt a "BUY THE DIP".
Off for another day of fishing
Kels
Hey Doc...good to see your on board with ALRY. Does have a number of similarities to HMGP when one goes back to Dec.
My reasons are the same as yours.......I do like the business model of ALRY, the potential of its reserves, current financial status and the fact it is an O&G. As you show in the chart, ALRY is starting to develop what could be an uptrending pattern..............hopefully by May we have another another reason for a new "cap".
Kels
I'm back in Texas (big D) the week of March 19th, I just may take a ride out out there, I have a down day that week (Wed) ....its 125 miles from Dallas but I would like to meet him and see the operation....I'm well invested so on my behalf I do have a "financial interest".
Kels
::))) couldn't agree more..that says it all.
Kels
LOL...just got in from a day of fishing in the "stream" to see that HMGP was in the .45 area..... looks like some got a great deal today. But after all was said and done what really happened today???
I my book another Hemi churn day.
Lowman will come out "wheels a smoking" on Monday....all fired up after the weekend get together in Ocala...
I said to myself yesterday if there are going to be any MM tricks or price hits it would be today, look at the volume and it tells the story.
So what work for me today was being 15 miles offshore.... left my laptop at the dock...bite was on...let the Lowman show speak for itself this weekend.....and bring on next week.
Kels
Good to see that RGNO had a great day..... hope that those who got in on the backside of the last RGNO run can get a good front run on this time around and more importantly out at the right time.
Although I am not participating on this RGNO run....just remember what volatility can do.... it happen before with RGNO......IMO set a trading strategy now and stick to it regardless of how tempting it maybe to just get that "extra penny out it".............. think % gain.
There will always be the next run in this world of pinkies.
Kels
The Hemi outlook
The Boll bans are tightening up + the RSI is under 70 + the PPS is bouncing off of the 20 DMA + the MM's are pulling every trick in the book................and...........++++++++
Lowman has his little get together in Ocala this weekend.....
What does this = for Hemi???
Well I'm off for another long weekend of offshore fishing before I head back north Sunday night.
GLTY
Looking forward to next week.
Lowman make sure you instill good investing wisdom to all those who attend this weekend.
Kels