Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm confused are you calling me Pea Brains or are you saying the uninformed will sell?
What makes you expect a drop Friday?
perhaps but if we don't post a lower close Friday we should attack the upper end of the channel. If we break the last high close it can break the triangle. Patterns do break, but to do so we need vol.
If todays low issn't taken out we have a pattern of ascending lows. A great sign.
how many rigs does wrnw own tia
Where is the report of the 25 rigs I missed it. TIA
Cobra Where can I buy that machine? looks like an old German version. Would it work with an Nigerian accent? lol
Olipants comemts Hey people. Has he ever given a clue as to what he really is saying? Has he ever come back and said see if you read my post as such this is what happened. No one has any idea if anything he said came true. He appears and everyone goes gagag. Its just something to talk about while we wait for real vereifiable news. He sits back and says heehee. We know one thing WE have rights. There is a possibility we will see drilling for an exploritory well in late 2007 or 2008. There are additional rights which have yet to be definded. Am I missing anything?
ronle this is a penny do your own DD. If you want the million you should double your current holding then when this doubles(the chart sure looks like it can) then you sell enought to hold the rest free until that objective is reached. I have mineral rights(oil &gas) I had wells they played out I'v had recovery cos. lease them and miss, and I'v had recovery's take up the same site and hit. This is a risky business which is why the return can be a Wind FAll. This company has its options spread over a massive area, and it will have its own rigs. Rigs area a big part of this business. Normally these companies sell partnerships in the well to be drilled. If they own the rig they stand to make more $'s and cut potential for loss if they miss. If they don't sell partnerships they risk their own capital. If they can't sell partnerships they can't drill, or they may have to take up their own partnership interests to do a well. This requires capital which can be at a higher risk. Look to management. I invested here because of the management and the things I see they are doing right. Spreading their ownership over vast tracts and the rigs.
yep NWTF its the old woulda shoulda coulda. Everyone must kill their own snakes and do their own DD. I hope your DD of the Hawkeysis right.
Crappie everyone has to judge the value of their capital. What is the cost of dead $'s. What is the risk of being out of ERHE for a potential down .04 .12 drop. Balance that against the time to once again get into a long term capital gain possition vs a short term gain. Now if you are in the 15% bracket there is not much time risk. Then there is the EEZ and the buy in buy out. IMO the Buy in out is not very likely, but there is the EEZ or a drill ship guarantee earlier spud. I hope you see the .22, but there will be many many buyers at .29. GLTU.
lowman a few days ago I looked at the charts of NVMG and WRNW added to wrnw now chart of nvmg looks like its also getting ready for a move. I may add to that also. In the long run which of these 2 do you think will be the better long them hold? Why?
Never boycott an election USE THE WRITE IN and writein your own name. If the parties see tese protest votes they will respond. If they see lower voter turn out they win as the power base of both parties claim they made the right decisions. Or you can vote for a 3rd party, best to write in.
farm123 by selling partnership interest they get the investors to pay for the cost of drilling, they conserve capital to maintain equipment and or acquire other leases. Its the same reason you buy insurance. If you have a loss someone covers it for you. Nothing is 100% in the oil patch. Marvin Davis one the most successful oil men of the 50-60's had more dry holes then producers. He sold intersts in wells and ended up with a huge oil company. I invest in leases and oil companies. I don't do partnerships (partners are for dancing) by holding the lease or an interest in the drilling company I have multiple chances of winning if I invest in a hole its only one shot and then the pot is split. I bet you like to gamble and as most gamblers you loss more then you win.
Any time I talk with JC he wants to sell an interest in a well. That is how this company drills. It sells partnerships. Thats how many oil and gas companies this size do it. They conserve their capital to get more leases.
If something big was going to happen vol would have expanded.
dumb question Does ERHC have raights to any of these blocks? When will the EEZ bids take place. TIA
lowman what is csmg. I can't find a chart on sharp charts. Do I have the wrong symbol?
Any news as to if either rig has arrived? If so has it spudded in, or is it still in the yard getting tested?
ctb In so many words that is what I heard. Call him and get the answer he will talk.
tryoty Do you mean JDZ will give the Addax & Erhe blocks to them or are you saying CVX and XOM will buy Addax and ERHE?
CB is as frustrated about the PR problem as any of us. He must clear all wording with the attorney who is slow to act. When there is news it will be reported. If you like call CB if he is in he will chat. I find he likes to talk to folks. Relax. Now if you are a flipper you aren't going to get the action you are seeking. This is an oil and gas company and things often move slow in this business.
Are tehy actually producing Colbalt now?
Belgie nice post thanks. Any idea how long before this operation begins to spit positive earnings vs the loss? Tia
hmgp buying a new high speed rig. Did NVMG get their rigs yet? I thought they ordered 2.
curtsbs didn't get a chance to reply yesterday. When I trade commodities I do my own candles and use stochastics. I place my trades based upon the 5 day range. I place both buy and sell stops with-in the range so as to get in and out or short and cover. I can't do that with stocks especially pennies. I use an 8-21 chart to detect fast approaching movement and judge the direction via mac and rs. Then I look at long term charts to see if it concures that a trend may be in the process of change. That is when I use my gut. With NVGM it told me we can see a better buying op coming but there was a potential for a pop up as the 50-200 were merging even against the declining relative strength. Vol won out and as we see it is retreating. Now I look for support near .0065 but .007 could be the final paint. Hope this explains the "that" you referenced. That is why in my post 9413 I said we could get the dip
curtbs I may use charts slightly differnt then you. I take a possiton in pennies such as NVMG for a 2-10 year play. Once in I seldom sell but make additions based upon the dip I see as an opportunity vs alternative investments and objectives. At this time I see there could be an additonal dip. IF not I will act accordingly on the break out.
curbs what is the "That" which you are referring to? THe mac, RS or naked candle? I'm off to the dentists will checck back latter or tonight.
curtbs its my way of saying I see some other things which are not as reliealble in pennies, but I use such as MAC and RS, which now are negative. There is also a long naked candle which should have filled. Doesn't have to but is better long term if it does. If everyone relies upon the exact same chart rules they become unworkable. BTW I see 3 touches at the .01
rook the fast chart I rely on shows the former, but it has not given me a move now either way clue. My larger charts are to slow for this type of action. I have my own gut indicator which I keep to myself.
iloveoil I thought we already owned 2 rigs. Did I read wrong are they just buying them and they haven't been delivered yet? TIA
A few names with the pics would be helful. Was lowman there? The 2nd pic brought back memories of the Garden of Eden at Key West lol.
frenchee the big play with vgz is the spin off coming for Allied Nevada. Once that date is formally announced ( latter this month or early April) VGZ will be back over 10. JMO
add another 480,000 just voted the last of my proxies. It had 5,000 more then I thought elgible.
Jlizard Wish I could remember the guy at Schwab in Denver who helped me Friday. It took 38 min but he finaly got through to the people in SAnFrancisco who had to get him the numbers.
mdhass I have one block of 475,000 left to do If the proxy is in via us mail I can do it Monday. If not the broker said we will go on line. She needs to get the control numbeers and wasn't sure how to do that. She will have it by Monday, so eeither way all 7 of my accounts will be in by Monday
mdhass hope you made it. Problem likely wasn't your lady but the company she needed to get info from. My man at schwab had a difficult time with them. They are the ones who must provide the control number which is different for each cusif number. That number would be on the actual proxy should you receive it.
Just voted 4 Schwab accounts. The poor guy had me on hold for 38 min. They couldn't find the right info then the firm in San Francisco gae him crap. He finally got someone there to give him numbers for all 4 accounts. Each acct. has a separate 12 didget code. I only have one broker to vote which should be in US mail tonight as per their rep.as was mailed 3-5. I can Fedex that one.
Dave any info the guy I'm on with is in Denver they can't find any. Maybe our's will be in US mail tonight. As of this Am other brokers faxed me forms or voted our shares as per instructions so now just trying to get these last 532,000 voted.
I'm on hold with Schwab they can't find anything about proxy. Anyone who has Schwab have an answer. WHat was name of 3rd party sending proxy?