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Hi Johnsyn,
Yeah, Encana has been around a while, they are @ about $20.00.
It's the other one... Bellatrix (BXE) that I will be looking at, they are flirting with $3.00 - 3.20 right now, and they have been as high as $5.50 this past March. IHub's chart for them only goes back to Nov. '09.
I don't know a thing about the 'Duvernay' oil play in Canada, so I guess that's where I will start to edjumacate my bad self! But not today, I gots my little craft project to finish up first.
MB
Good come back MBM!
Should we take our tally now?!
MB
Hmmm........ Here's an Oil play I haven't heard of before:
Maybe I'm just not reading the right stuff. lol
DUVERNAY SHALE
it's in Cananda
http://www.mining.com/2012/06/13/the-duvernay-shale-is-a-colossal-oil-and-gas-play/
Here's some companies in that area/play:
http://ih.advfn.com/p.php?pid=squote&symbol=BXE
http://ih.advfn.com/p.php?pid=squote&symbol=ECA
http://ih.advfn.com/p.php?pid=squote&symbol=TLM
MB
I'm NOT getting that "tingle up my leg" feeling with this article, I'm now wondering if the "SAMSON" that was mentioned isn't this one that I found:
http://www.samson.com/index.html
Still hafta do more research.... anyone else got anything?
MB
Article includes reference to Samson.
fyi: Apache (APA) is an $80. + stock.
Today : Thursday 21 June 2012
Click Here for more Apache Charts.
Apache Has Successful Day In Gulf Of Mexico Lease Sale, Recording High Bids In 90 Shelf And Deep Water Blocks
PR Newswire
HOUSTON, June 21, 2012
HOUSTON, June 21, 2012 /PRNewswire/ -- Apache Corporation (NYSE, Nasdaq: APA) announced it was the high bidder on 90 shelf and deep water blocks in the Central Gulf of Mexico offshore lease sale held today by the Bureau of Ocean Energy Management (BOEM) in New Orleans.
Of the 56 companies submitting bids for Gulf of Mexico acreage, Apache Corp. was ranked No. 1 overall for its 61 high bids on the shelf, while Apache Deepwater LLC, the company's deep water arm, was ranked No. 4 overall with 29 high bids.
The sum of the combined high bids was nearly $96 million gross.
"We're excited about these blocks and our expanding presence in the Gulf of Mexico," said G. Steven Farris, Apache chairman and chief executive officer. "The Gulf of Mexico is integral to Apache's long-term growth. The shelf provides some of the best margins, highest returns and most free cash flow, and the deep water has some of the best exploration potential of any region in our global portfolio."
Bidding on acreage in the shelf was focused on areas where Apache is acquiring proprietary seismic data, along with moderate to deep exploration prospects based on recently acquired and reprocessed seismic data. Successful deep water bids were focused on Pliocene and Miocene trends where Apache has acquired a significant seismic data base. Deep water bid partners included Stone Energy, Samson, Noble, Repsol, Nexen and Ecopetrol.
"This was a very robust lease sale with premium acreage," said Jon Jeppesen, executive vice president of Apache's Gulf of Mexico regions. "These blocks strengthen our position on the shelf and in the deep water. In both areas, Apache has the fiscal wherewithal, technical prowess and experience to capture the value of these opportunities."
The shelf and deep water Gulf of Mexico currently represents 15.5 percent of Apache's overall daily production.
Looking forward to another good day @ CAVR!
Good morning to All...
Here is a bit of a loong read (good for the bathroom....) chuckle.
If you don't care to take the time, just skip to the last paragraph for the summary.
China Turns to Natural Gas to Fuel their Economic Growth
By Saltanat Berdikeeva | Tue, 19 June 2012 22:19 | 0
A New Role of Natural Gas in China’s Energy Mix
The Chinese economy has grown by an average of 10 percent a year over the past two decades, crossing the milestone to become the second-largest economy and energy user in 2010 after the U.S., as well as the world's largest emitter of greenhouse gases. Stable energy supplies being at the core of China’s rise, they remain pivotal to its continued economic growth, especially coal, oil and gas. While coal still constitutes around 68 percent of China’s energy use, Chinese policymakers and energy executives lean more and more towards cleaner fuel sources, particularly natural gas. According to International Energy Agency’s June 2012 report, the share of natural gas is set to rise in China’s energy mix, which is expected to have strong implications on the country’s energy usage in the years to come. Given the increased importance of gas, what is China’s natural gas policy? Who are the main players in the Chinese gas market? What kind of problems does Beijing face as the share of natural gas grows in the country’s energy market?
Energy supply security based on reliance on primarily domestic production and energy diversification coupled with control of greenhouse gas emission and environmental protection constitute the core of China’s energy policy and appear frequently in statements of Chinese policymakers and leaders of energy companies. As part of its 12th Five-Year Plan (2011-2015), China has put a particular emphasis on cutting carbon emissions by reducing its use of coal and oil. Natural gas is the preferred energy source to achieve this goal. The Chinese government has set an ambitious goal of increasing the share of natural gas in the energy mix from its current 4 percent to 10 percent by 2020 and cutting carbon emissions by 17 percent between 2011 and 2015 through closure of energy-intensive enterprises.
Although the industrial sector is the major consumer of natural gas (45 percent in 2007), residential and utilities sectors have also upped their gas consumption and imports in recent years. As illustrated in Figure 1, gas consumption in China went up from 25 billion cubic meters (bcm) in 2000 to over 100 bcm in 2010, overtaking domestic production since 2007. The volume of gas imports has also steadily increased since 2006, going up sharply in 2010, as shown in Figure 2. To meet an expected increase in gas demand, China hopes to nearly double domestic gas production from its 102 bcm in 2011 to 180 bcm a year by 2020. The country is also expected to increase natural gas imports from 28.1 bcm in 2011 to estimated 77 bcm a year by 2020.
China's Natural Gas Production and Consumption Fig. 1
China's Natural Gas Production and Consumption
Source: EIA International Energy Statistics
China’s Natural Gas Imports Fig. 2
China's Nature Gas Imports
Source: EIA International Energy Statistics
The central government is boosting investment in developing unconventional energy resources, such as coal-bed methane (CBM) and shale gas, and expects that unconventional natural gas will improve the country’s energy supply security in the years to come by providing affordable and ample gas. Aiming to increase the production of shale gas from 6.5 billion cubic meters (bcm) by 2015 to more than 60 bcm by 2020, Beijing envisions that shale gas will account for 8-12 percent of total natural gas by 2020, while CBM is to be 14 percent of China’s total domestic gas supply by then.
But conditions that existed in the U.S. to revolutionize the shale gas industry may not exist in China until it overcomes key hurdles for shale gas to become a commercially reliable and a competitive energy source. China faces a more complex geology, high capital and operational costs, inadequate or lack of access to equipment, water, manpower, and infrastructure as well as complex land ownership compared to the U.S. The key difference between the two is the U.S. shale gas sector flourished thanks to small independent firms, while the Chinese energy sector is heavily dominated by large state-run companies. At the moment, incentives to invest in developing China’s shale gas remain weak because of low domestic natural gas prices. Given these factors, it appears that setting a time frame for commercial-scale success of shale gas in China is still highly uncertain.
The Players
The Chinese central government maintains power over the course of domestic natural gas production and the volume and price of gas imports, thereby affecting the operations of domestic energy companies and the country’s economy as a whole. Wielding a significant influence on the energy industry, the Chinese Communist Party continues to appoint senior party leaders to corporate positions and the Chinese government still holds controlling shares in all major oil and gas companies. The Party’s right to directly appoint or dismiss executives of state-run companies indicates its ability to control their actions. Although Beijing still lacks a strong coordinating body to oversee the industry, several government agencies, such as National Development and Reform Commission, Ministry of Commerce, Ministry of Land and Resources, and the State Asset Supervisory and Administration Commission, have influence across all energy sectors.
Because the state can more effectively control monopolies, energy giants, such as China National Petroleum Corporation (CNPC), China National Offshore Oil Corporation (CNOOC), and Sinopec, dominate the domestic energy sector. As a result, investment in the natural gas sector, particularly the relatively new shale gas industry, is hamstrung by artificial prices set by the government. Burgeoning private investors in the natural gas sector ten years ago were eventually forced to sell to the state. Paradoxically, unlike a real monopoly, the state-run energy companies in China do not always charge prices above their marginal costs or cut supplies to increase profit. Since energy prices are determined by government fiat, Chinese gas importers and distributors habitually incur losses because they are forced to sell gas to domestic consumers at lower than imported prices, which will be discussed in detail later. On the other hand, although domestic oil and gas companies are owned by the government and remain largely centralized, Kevin Tu of Carnegie Endowment for International Peace stresses that they are not operated by the government. According to Tu, state-controlled energy companies can have the latitude to make their own decisions, but it would be difficult to develop the natural gas sector without opening it to the private sector.
Almost all of China’s powerful oil and gas majors – CNPC, CNOOC, Sinopec – have championed the development of natural gas as part of a low-carbon economy. As CNPC’s dominates the domestic natural gas production and sales, Vice President of this natural gas monopolist, Zhou Jiping, sees a special role for his company in advancing the use of natural gas in China. Jiping anticipates that the position of natural gas as a clean and highly-efficient energy is bound to rise in the hierarchy of energy sources in his country. His words echo a 2011 report of the Chinese Congress on social and economic development plan, which underlined the central government’s prioritization of clean energy, specifically, natural gas. But faced with losses from artificially set domestic gas rates, state companies have been pushing for reform of natural gas prices, which is key to making the sector commercially viable.
The Price Issue
Expansion of natural gas in China’s energy market did not come without a cost. While China has ramped up domestic production of hydrocarbons, its rising natural gas consumption made it a net importer of gas since 2007. Because current energy prices in China do not necessarily reflect demand and supply relationship, the discrepancy between the higher-priced imported gas and artificially low domestic rates set by the central government have been a problem. Fixed prices resulted in inefficiencies, distortions and monetary losses for Chinese energy majors.
Imports of natural gas from Turkmenistan via the 40 bcm a year-capacity Central Asian Pipeline have increased from 2.9 bcm in 2009 to 17 bcm in 2011. According to chairman of Petrochina, Jiang Jemin, whose company is in charge of importing Central Asian gas, gas imports from this region would amount to 25 bcm in 2012. Anticipating more gas imports, Chinese officials and energy executives have been lobbying to carry out a pricing reform because local gas importers and distributors have been incurring massive financial losses from distorted pricing. Government imposed domestic price caps resulted in China importing Turkmen gas at a higher price than sold at home. Unable to pass the costs to consumers, Chinese companies have been forced to cover them, while trying to lobby the government to reform the gas prices. However, the central government continually delayed the reform fearing inflation.
According to CNPC’s 2011 data, the company lost more than 5 billion yuan ($785 million) from its domestic sales of Central Asian gas imports in 2010. Petrochina, a publicly-traded subsidiary of CNPC, posted a loss of 10 billion yuan ($1.6 billion) in its natural gas business just in the first quarter of 2012. Similarly, losses from imported liquefied natural gas (LNG) have been mounting because of the price gap. PetroChina posted a loss of 60 million yuan ($9.5 million) from LNG imports at the end of December 2010. Faced with losses from higher-priced gas imports, Chinese importers and distributors have been eager to slow down gas imports to signal urgency to reform prices.
Although the Chinese government hiked domestic natural gas rates from 925 yuan ($145) per thousand cubic meter (tcm) to 1,155 yuan ($182) per tcm on June 1, 2010, which most energy analysts saw as a small, but necessary step towards reform, it also froze prices in some parts of China in December 2010 to stop climbing consumer prices and inflation. But in December 2011, the government mandated pilot tests in southern Guangdong and Guangxi provinces to ease control over domestic gas prices and linking them to oil prices with a prospect of extending pricing reform across the country in the next few years. The government chose these provinces because of already relatively high prices there. Given that gas consumption in China is expected to more than double in the next five years, it looks like there is point of no return from the reform.
Conclusion
Mounting demand combined with the official endorsement of clean energy sources is bound to solidify the position of natural gas in China’s energy mix in the years to come. A recent effort of the Chinese government to draft new rules to encourage private investment to the energy industry, especially applicable to tightly state-controlled oil, natural gas and electricity sectors, is potentially a positive step forward. But liberalization of prices will be key to private investment in the energy sector in order to successfully develop domestic energy sources. The pilot gas pricing program, launched in Guangdong and Guangxi provinces last December, is already pointing at a possible incentive for U.S. gas imports. Because U.S. offers lower gas prices compared to world rates and the pilot test in these two Chinese provinces raised the price to an average of $12 per million British thermal units, which is five times higher than the U.S. benchmark futures in New York Stock Exchange, the North American gas would find an appealing market in China. In the end, the price reform is likely to open the Chinese energy market to much needed know-how to tap domestic conventional and unconventional natural gas.
By. Saltanat Berdikeeva for Oilprice.com
Here's an exerpt from The Motley Fool, posted today:
These Stocks Need More Than Their Pumps Primed
By Rich Duprey | More Articles
June 20, 2012 |
No Delilah for this Samson
After selling off its Greater Green River Basin properties in Wyoming last year to Chesapeake Energy, Samson Oil & Gas (AMEX: SSN ) paid off its debt and bolstered the cash it has sitting in the bank. It made for a very nimble operator as it focused more on its liquids assets.
Yet after it updated investors on four of its wells in the Bakken, the market was less than impressed with the progress it was making and sent its shares tumbling 21% on the day. Perhaps because it comes on the heels of management's attempt to issue millions of options and shares to directors only to quickly shelve the plan in the wake of shareholder outrage, investors might have overreacted to the latest news.
Samson has assets in some of this country's most promising oil and gas regions, so the prospects for a quick recovery are good. Oil now accounts for 70% of Samson's production, which is a near 180-degree turn from the year-ago period, when gas comprised 85% of production. With higher margins these days in oil and liquids, Samson has made the smart moves it needed to.
Investors might be upset with the pace of change, but I'm rating the oil and gas play to outperform the markets on CAPS. That puts me in good company, as 92% of the 306 members rating Samson believe it will beat the Street going forward.
‘CAVU’ - Ceiling And Visibility Unlimited!
I'd say it's beginning to look like one of THOSE days!
GO CAVR
MB
Ya might want to come back and look at CAVR again!
MB
Good morning J,
We still waited till near noon yesterday for a start-up, seems to be a pattern for almost a week now on CAVR. Ppl are still sleeping in! lol!
Found this article today:
(and in the immortal words of Scooby Do: RUH-ROH!)
lolol!
Report Finds Fracking Causes Fewer Earthquakes than Conventional Extraction
By James Burgess | Tue, 19 June 2012 22:03 | 0
Benefit From the Latest Energy Trends and Investment Opportunities before the mainstream media and investing public are aware they even exist. The Free Oilprice.com Energy Intelligence Report gives you this and much more. Click here to find out more.
Hydraulic fracturing has its problems, and one of the most extreme of these is that it can cause earthquakes. A new study has once again found that fracking does indeed cause earthquakes, however what is surprising is that conventional extraction of oil and natural gas causes more.
The study, ‘Induced Seismicity Potential in Energy Technologies’, and compiled by the National Research Council (NRC), looked into all earthquakes that have been linked to the full range of underground energy technologies, from conventional oil and gas wells, and geothermal energy, to carbon sequestration.
The highest earthquake risks do not come from drilling the well, or using pressurised water and chemicals to fracture the rock, but rather when wastewater from the processes is pumped deep into the formation for permanent disposal. There is also a high chance of triggering earthquakes when water or gas is injected into ageing wells in order to force the remaining contents to the top.
Wastewater injection is held responsible for earthquakes that occurred in Youngstown, Ohio on Christmas Eve and on New Year’s Eve, measuring 2.7 and 4.0 respectively.
Earthquakes are mainly caused during processes which have an imbalance between the pressure of fluids injected and extracted. Murray Hitzman, professor of economic geology at the Colorado School of Mines, and chairman of the organisation that wrote the report, said that “the two techniques with the largest imbalance are carbon sequestration and wastewater injection.” They both increase the subsurface pressure across large areas, producing a greater chance of hitting a fault and triggering an earthquake.
In order to avoid earthquakes the NRC recommend that energy companies involved in underground operations should work with the US Department of Energy in order to establish a set of best practices aimed at minimising the chance of earthquakes.
By. James Burgess of Oilprice.com
Heck of a buying opportunity here boys and girls! That is if you have the 'stones' for it.
I will NOT be bailing on this one!
MB
Good Lord, I LUV your optimism Wilma... 5-$10 ? W0W... I'd be THRILLED with $1-2. (secretly praying for 5-10!) Too Funny!
I got time... I can wait... bring on the good times UBRG! lolol!
NOT selling anytime soon!
MB
Yup! I was just yapping.... Sometimes ya just gotta talk to hear yourself! lolol!
MB
King, I'm not doubting my choice to buy into SIOR, I'm quite happy sitting on my shares, waiting this thing out. But I do hope that this little episode with Joe K. gets smoothed out; it's a bit T.M.I. on that guy.
I believe it has no bearing on the actual workings of SIOR whatsoever!
On another note....
I hope all you "Dads" out there are having an enjoyable day!
Go SIOR!
MB
MWM,
Don't pick on King Z for my daydreaming. Although I still don't see where Joe K's posts make him VP of SIOR. Again... just daydreaming here!
Have a good Father's Day!! (if it applies)
MB
Hi King,
HERE'S A THOUGHT...
Joe Kenan is the only one who says he is a vp OF ANY KIND, and nowhere does SIOR show him as a PAID employee...
WHAT IF... SIOR doesn't know that he posted that crap on his profile.
After all, when you read it... he seems to think/imply that being the 'son' of Thomas Kenan, is a very prestigious thing, so maybe he just 'ATTACHED' himself to SIOR, via reference to his Daddy, and nobody knows!
Hey... he thought no one would find out about his "OTHER" postings.
Wouldn't that be a HOOT if SIOR had nuthin to do with Joe's so called: "title". I bet the $h!t would fly!
ROTFLMAO!
MB
MWM,
I agree that this Kenan guy is a disaster... but I fully doubt that he is the "VP" of SIOR.
I am currently working as vice president of business development
It's nice to close the week in the GREEN!
GM Gauv,
I'm thinking that b'cuz last year's divi hit everyone's acct. all on the same day and triggered the DTC 'chill', that this time, by mailing out the 'paper', we (shs) will get them on diff. dates. This would mean that those who deposit them into their broker accounts will also do that on diff. dates over a span of ...who knows how long; some will never put them into their broker accts.
This process eliminates the sudden influx of 1 huge block of shares and so also eliminates a new DTC "flag on the play".
But that's just my guess.... anyone else?
MB
GM All,
I wonder if we will have another 'no trades' morning again today.
Hmm.... strange!
MB
Link to June 14, 2012 presentation:
http://www.samsonoilandgas.com.au/IRM/Company/ShowPage.aspx/PDFs/1508-74736507/LondonEnercomConferencePresentation
Johnsyn,
No usurp here... I was just trying to get something back in there, didn't know who had the ibox job, I'm glad you had it saved.
W*O*W... aren't we having an exciting day here @ CAVR.......NOT! lolol
Maybe it's time for you to take one of your 'good PR' producing, afternoon naps?!?!...ZZzzzzzzzzzzzzzzzzzzzzzzz
MB
Leigh,
you can thank Johnsyn for the fix, I was also surprised that the intro was missing, but I was willing to give it a go to make a new one, thankfully Johnsyn had a copy of it. Good job Johnsyn!!
MB
Good morning All,
I came across this blog today: "BarryOnEnergy"
Here are samples of some of Barry’s Posts
> Will Shale Gas Casing and Cementation Last Forever?
> Natural Gas Storage Is Not As Boring As You Think!
> Where Has Energy Independence Gone?
> Fracking Fluid, Disposal, Pennsylvania and the Facts!
Here's the link in case you want something to read...
http://barryonenergy.wordpress.com/
MB
Funny Jaws.... (chuckling)
Yeah, I'll give you that hopeful high $5.oo... lolol!
Would be great someday wouldn't it!
It's nice to start the day dreaming!
MB
Outta the gate UP this morning, opening @ .009. Lets see if we can hit .01 today!
MB
Yeah, it's been a crazy coupla days over there, all kinds of disputes. No one really had an answer yet. I'm leaving it alone for a few days... tired of my head spinning. Also, because I don't do FB or Linkedin or any other social media sites, I have no way to do any searches myself, so I have to wait on others to do that kind of work.
MB
Ok Distro...
I'm not sure where you're going with this... are you informing me, or are you 'dissin' me?
My last post was only meant to show that:
1.) everyone does NOT have to be of the same opinion.
& 2.) Be they good OR bad, right or wrong opinions, some opinions can be damaging, even if not intended.
I'm personally LONG on UBRG and think they are trying hard to build this company, but I don't REQUIRE that everyone else believes or agrees with me, and I certainly would not want to harm a company's bottom line or my fellow shareholders.
Anyway, I'm gone for the weekend, have a good time all, and Goooo UBRG!
MB
CLOSED @ 0.0085! GReeeeeeeN!
Hmmm... I wonder what list I had, I thought I got it from a post here, quite a while ago; maybe that's why I can't find it now. It might have been some other list or page that showed UBRG on 'CHILL'.
Thanks for the reply.
MB
Sorry to be a bother, but can someone please post the link to the DTC chill list showing UBRG on it.
I had it bookmarked, (or so I thought) but I can't find it now.
Thank you in advance!
MB
LoL... only by another cat lady!
His dad (deceased) started to company, 'Big Daddy' was into a buncha O&G stuff. Jr. looks like he is keeping up the family tradition.
There is alot of negative going on over on the UBRG MB this week, ppl/jerks are going outta their way to make Jr. and the whole company look like a scam. I'm sure it's to shake shares outta some weak hands before the count for the divi shares. Company will be mailing the share certs directly to shareholders this time. I'm sure it is to prevent any problems with the DTC like they had from last year's divi share distribution.
Even if they were a scam,(which I don't think they are) I have enuff shares at a reasonable pps, so that any good bounce that they might have will net me some decent $$'s...... WINNING!
MB
Someone posted some 'linkedin' info for CEO of SIOR
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=76378874
also, click on the link for Cactus Drilling, all tied in with Dan Lloyd Jr. of SIOR.
http://cactusdrlg.com/site/cactusdrilling/section/name/home_page
MB
This is old (Apr. 9th) but interesting:
Gas flaring permits surge in Texas
Posted on April 9, 2012 at 12:37 pm by Simone Sebastian in Environment, Natural Gas, Oil, Oil shale
inShare7
The number natural gas flaring permits issued in Texas has more than quadrupled over the past two years, as oil and gas production in the state has boomed, according to the Texas Railroad Commission.
The state commission issued 651 permits last year, compared to 306 in 2010. In 2009, 158 permits were handed out.
Companies flare, or burn off, natural gas produced from their wells if low prices make the fossil fuel uneconomical to sell or if there’s not enough pipeline capacity to get to it market. Flaring also occurs to relieve dangerous pressure levels in wells and for other safety reasons.
The rapid increase in gas flaring is even more pronounced in North Dakota, where more than one-third of the fossil fuel is going up in smoke, according to the U.S. Energy Information Administration.
A group of institutional investors recently released a letter to 21 oil and gas companies decrying the rise of flaring because of the environmental and financial impacts. The group specifically called out Texas and North Dakota for the problem.
“We are concerned that flaring of natural gas wastes a valuable product,” the letter reads. “Even at today’s depressed wellhead price, the 100 million cubic feet of natural gas that were flared each day in North Dakota last year represents approximately $110 million in lost revenue.”
The letter, which was sent to leaders of Anadarko, Apache, ExxonMobil, Marathon Oil, Chesapeake Energy, Noble Energy and other major producers, pointed to the proliferation of shale oil production as a key driver for flaring’s growth.
Ramona Nye, spokeswoman for the Texas Railroad Commission, says most of the flared gas in Texas comes from oil wells, where it is produced as a byproduct. While natural gas production has slowed because of its low price, oil drilling has boomed in Texas and across the country in recent years.
UBRG is on the move today!
Still time to qualify for free divi in the form of shares!
News/PR for 6-6-12:
Universal Bioenergy Inc., (OTCMarkets:UBRG), a publicly traded independent diversified energy company, that markets natural gas, propane, and produces petroleum and coal, announced today that its Board of Directors held a meeting, at which the Board passed a resolution declaring a common stock dividend to its shareholders on a 10 for 2 basis.
In planning for its corporate growth and expansion, and as a reward to its shareholders for their loyalty, the Board has voted to pay all shareholders on record, a 20% stock dividend. The plan would pay or issue 2 new shares of common stock, for every 10 shares of common stock held by the shareholders of record, as of June 13, 2012. The required documentation will be filed with the U.S. Securities and Exchange Commission, (SEC), and the Financial Industry Regulatory Authority (FINRA), the largest independent regulator for all securities firms doing business in the United States.
New share certificates will be mailed directly to all qualifying shareholders of record by the Company's Transfer Agent. The Company recommends that all stockholders contact their brokers to ensure their mailing information is current so that there will not be any issues in the delivery of the new stock certificates.
Universal's Senior Vice President Solomon Ali states, "We have strong confidence in the future growth of the Company, and therefore are considering a number of proposals to bring more value to our loyal shareholders. We believe this will reward our loyal shareholders for their ongoing support, and to give them a greater stake in our Company. We also anticipate making some other significant announcements about our expansions plans to the public shortly that will be of great interest to our shareholders and the investment community."
The Company disclosed in its Form 10-K Annual Report for 2011, filed on April 19, 2012, that it was considering various proposals to bring more shareholder value, which would include special dividends, regular stock dividends in cash or stock, preferred stock dividends and warrants or options, subject to SEC guidelines.
About Universal Bioenergy Inc.
Founded in 2004, Universal Bioenergy Inc., is a publicly traded independent diversified energy company that produces and markets natural gas, petroleum, coal and propane. We market energy resources to the largest public utilities, electric power producers and local gas distribution companies in the U.S., that serve millions of commercial, industrial and residential customers. We are also engaged in the acquisition and development of existing or recently discovered oil and gas fields, leases and surface coal mines. For more information visit www.universalbioenergy.com
South~
That looks like it's in a good 'buy' range, but I'm pretty much a fan of O&G stocks, have had good luck with them so far, and I have limited resources, so I stick with stocks/products that the world cannot live without (at least in my lifetime) LOL.
I believe the next few years will be quite interesting for stocks like SSN, and even a few smaller companies that might be positioned properly in some of the 'hot' plays in the US. Hey, everything is a crap-shoot anyway!
MB
GM Southgas,
I'm not worried about SSN, yes they will recover. I don't know if you'll get any at 1.25 tho, they closed UP in Aus. and today they opened UP here. Long term I think entry at anything under 2. would be ok!
MB