full-time investing; total portfolio up over 130% in 2009; but 2010 sucks!
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KiK, Intellect Neurosciences ILNS(D)is making a nice move today on some pickup in volume. Not sure what is up (other than the price). Maybe they will have some news soon on their Alzheimers drug.
I bought some after your mention a few weeks, held thru the 1:50 reverse split, and am now watching it turn profitable.
Trades now as ILNSD (was ILNS before 1:50 reverse, and will go back to using ILNS soon).
$o... thank$ for thi$ idea.
'peeker
Coinmaker, just wanted to say you were exactly right about Ag retesting $32, which it did this morning. Looks like it got down to about $32.15 before bouncing back over $34.75.
So ... did you buy anything today or are you still holding ZSL (your x2BearAg ETF). It's had a 15% swing today between HoD and LoD. Unbelievable volatility in commodities.
Hang Tough!
'peeker
AGM does trend with the financials, so I think you are right.
Doesn't bode well for any financial stock when Dick Bove says sell GS, which most would agree is the strongest (large) financial performer out there.
OT, but cool: Rajaratnam guilty on all 14 insider trading counts:
http://news.yahoo.com/s/nm/20110511/bs_nm/us_galleon_rajaratnam
Hey Bob(bugonthewindshield)Wins, tough day in oil and mining stocks. Did you hang on to all your AUMN and PVG.to or reduce the other day as commodities began to weaken?
Just curious, as these two long-term prospects will probably do well if Au and Ag don't drop too far from here.
Regards,
'peeker
13:45 SLV: Commodity ETF/ETN Performance @ Midday- CRB Index tumbles led by steep losses in RBOB gas (UGA), Silver (SLV), WTI crude (OIL), and Food & Ag. components (JJG, JJA); Dollar Index (UUP) strength the driving catalyst today
CRB Index @ 339.08 -9.49 (-2.75%)
RBOB gas futures fall sharply as weekly DoE Petroleum Status Reports show rise in stockpiles to 2-yr highs; waning demand triggers brief 5 min. trading halt earlier on NYMEX.
Silver futures (SLV) drop as the Dollar Index (UUP) gains vs. the Euro (FXE) pressuring the precious metals today.
WTI crude futures (OIL, USO) break back below the $100 threshold as weekly supplies for the May 6 reporting period surge higher-than-expected.
Food & agriculture segment (FUD, JJA) declines led by sharp losses in grain & feed futures (JJG) as corn & futures sell-off on USDA hike in domestic supply; Reduction in exports a big catalyst for the rise in supply.
Commodity Complex/CRB Index Gainers:
NONE
Commodity Complex/CRB Index Decliners:
silver futures- SLV -8%, SIVR -8%, RBOB gas futures- UGA -6.8%, WTI crude futures- OIL -4%, USO -4%, Brent crude futures- BNO -3.9%, grain & feed futures- JJG -3.8%, food & ag. commodity indexes- JJA -3.3%, FUD -2.8%, RJA -2.5%, & copper futures- JJC -3.5%,
ps> Commodities are all acting like Commode Oddities
AGM out with earnings. Where's Wade?
SEA.ax/SDCJF.pk continues to be under pressure. Down about 30% vs. 2 months ago. Though it's had some pretty volatile trading periods, the trend has been down.
That said, it appears to be bottoming, and the downside from here looks less risky than upside potential (assuming oil continues to stay in the $100 area).
I'm going to add if it gets into the low $.70's
Also bought some HNR this morning. Expecting some increased production over the coming year.
Good luck to all good SEA.ax men (gee, that sounds funky).
'peeker
07:29 HALO and VPHM
Halozyme Therapeutics and ViroPharma (VPHM) announce $83 million global licensing agreement to develop subcutaneous cinryze (6.67)
Halozyme Therapeutics ( HALO) and ViroPharma Incorporated (VPHM) announce the signing of a worldwide exclusive licensing agreement for the use of rHuPH20 (recombinant human hyaluronidase) in the development of a subcutaneous formulation of Cinryze. Under terms of the agreement, Halozyme may receive up to $83 million, commencing with an upfront payment of $9 million and total potential future milestone payments of $74 million dependent upon the achievement of clinical and regulatory targets, plus a 10% royalty on future sales of the combination of Cinryze with rHuPH20. The license provides ViroPharma with exclusivity to C1 esterase inhibition and to the hereditary angioedema indication, along with three additional orphan indications. ViroPharma will fund all development and commercialization expenses for the program. Additional terms of the transaction have not been disclosed.
Coinmaker, I apologize for the challenging negativity of my earlier post. You do bring a lot of deep insight and good ideas to these boards.
Best Regards,
Steve
Nothing personal, but there are a million opinions in the naked VMCity. Of course, the rationale for an opinion is usually more interesting and informative than the opinion itself.
That said, your call last week for a top in silver (like those that heard Soros was selling and there was very large put volume on SLV) was an excellent call; I wish I'd had a chance to unload some of my silver stocks and buy them back lower, but I missed it.
On Friday I did the silly thing of buying ZSL (x2 bear silver etf) and held over the weekend, so I'm down about 15% on that "hedge".
TGA continues knocking it out of the park. Recent Wast Bakr acquisition increases BOPD and adds much needed facilities; includes pipeline and storage for efficiently increasing export of all TGA's Egypt oil.
Listen to conf call (doing Q&A now) for details on their initiatives. Great management.
They have set a goal of 20,000bopd in 2012.
'peeker
PVM.to ... very interesting perspective on this Seabridge partnering agreement and Pretium's plans to monetize Snowfield assets. Where did you get the idea Seabridge is trying to sell their KSM mine this year?
I agree TRGD's other assets besides TARM do give TRGD some potential upside beyond value of TARM shares alone. However, I wouldn't think that looking for a "short squeeze" on TRGD would be realistic, given it trades on gray sheets, that is, it's not actively traded, thus not actively shorted either.
TARM and TRGD are two thinly traded mining stocks that have no ongoing operations due to management's inability to cost-effectively operate a mill and mine themselves. All management could do was execute one LOI for TARM and one LOI for TRGD. Boy, talk about hard to determine value.
JMHO,
'peeker
ps> Still don't like the way Mr. Biscuit is wanting to spin off the TARM shares over a long period of time. It smells of some misguided attempt to add value to TRGD w/o causing TARM shares to drop when TRGD shareholders receive and sell TARM shares. In effect, I think Mr. Biscuit is a knucklehead that has misused shareholder trust over the years. IMHO, he has been peeing on shareholders shoes while swearing that it's raining.
Just another magic LOI that gives somebody an option if it turns out to be in their best interest sometime in the future. Obviously not valuable enough for anyone to jump at with cash on the barrel.
Not clear to me that either Tara has enough cash to keep up their side of anything that requires cost sharing. I feel very let down by Tara, just like dear Miss Scarlett when she realized Rhett was gone forever and her sweet ol daddy had gone mad.
Maybe that's how Mr. Biscuit gets these deals; he goes to a meeting with some carpetbagger and quotes Miss Scarlett. When asked why anyone would be interested in Tara, he says, "It's the land; it's the land".
piqued peeker
ps> Sorry, couldn't help myself; I live in Atlanta.
Yes, both BASI Class A and Class B convertible at $2.
Bioanalytical Systems, Inc. to Raise Approximately $5.5 Million in Registered Securities OfferingCompany to Use Proceeds to Fund Growth Initiatives
WEST LAFAYETTE, IN, May 06, 2011 (MARKETWIRE via COMTEX News Network) --
(NASDAQ: BASI) Bioanalytical Systems, Inc. (the "Company") today announced that it has entered into definitive agreements with investors for a public offering of 5,506 units at a price of $1,000 per unit to the public with each unit consisting of one 6% Series A Convertible Preferred Share which is convertible into 500 common shares, one Class A Warrant to purchase 250 common shares, and one Class B Warrant to purchase 250 common shares. The Company had originally offered $5 million in units, but expanded the offer due to investor demand.
Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE Amex: LTS), acted as the exclusive Placement Agent for this offering.
The proceeds received by the Company from the offering will be used for the purchase of laboratory equipment and for working capital and general corporate purposes.
The offering is being made only by means of a prospectus, copies of which may be obtained from Ladenburg Thalmann & Co. Inc., Prospectus Department, 520 Madison Avenue, 9th Floor, New York, New York, 10022, telephone: 212-409-2000. Electronic copies of the prospectus are available on the Securities and Exchange Commission's Web site at www.sec.gov.
Each Series A Share is convertible at the option of the holder into 500 common shares, has a stated value and liquidation preference of $1,000 per share, and is redeemable at the option of the Company if certain conditions described in the prospectus are met. The Company also has the right to require the holders to convert the Series A Shares in certain circumstances described in the prospectus. For three years from the date of issuance, the Series A Shares will have a stated dividend rate of 6% per annum, payable quarterly in cash or, subject to certain conditions, in common shares or a combination of cash and common shares, at the Company's election. Beginning three years after the date of issuance, the Series A Shares will participate in any dividends payable upon common shares on an "as-converted" basis. The Series A Shares will not have voting rights, except as may be provided by Indiana law.
Each Class A Warrant grants the holder the right to purchase 250 common shares for an exercise price equal to $2.00 per share, subject to adjustment as described in the prospectus. Class A Warrants are exercisable immediately after the date of issuance and expire five years after the date of issuance. Each Class B Warrant grants the holder the right to purchase 250 common shares for an exercise price equal to $2.00 per share, subject to adjustment as described in the prospectus. Class B Warrants are exercisable immediately after the date of issuance and expire one year after the date of issuance.
The offering is expected to close on or about May 11, 2011, subject to the satisfaction of customary closing conditions. The units are being offered pursuant to an effective registration statement. This news release does not constitute an offer to sell these securities or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
"The LOI envisions an assessment and design period of 45-60 days and a Definitive Agreement within 90 days."
16:33 INTT (inTEST Corp) files for $30 mln mixed securities shelf offering (3.78 -0.19)
SSN back up to 2.77 now, and the well they are fracking currently has been confirmed to flow oil already makes me think it gets back over $3 by next week at the latest. Only remaining question about that well is how much oil will it flow after removing all fracking plugs.
SSN looks like a durn good bet to me right here (though I bought all mine at higher prices).
'peeker
11:35 SLV down 3.5%
Silver futures (SLV) extend highly volatile & high vol. losses as CME margin hikes continue to be the driving catalyst.
OT: Pretium acting like it wants to rename itself Uglium? Down a freaking buck today; sheeeeeeesch!
I guess they need to do more than hire a CEO out of retirement. Maybe they need to take away his golf club. In other words, they are not giving updates on their plans other than to say they intend to start drilling a lot of holes on their little mountain.
Nonproducers PVG.to and AUMN (both highly touted here) continue to take it on the chin lately. Both down about 5% today. This looks to be a good buying opportunity based on their valuable properties, but some are just treating this as a goodbye-ing opportunity instead.
Anyone picking up shares here of just selling in May and going away?
I'm sort of painfully stunned into watching in awe myself ... and licking my wounds ...
'peeker
Metropolitan Health Networks upgraded to Buy at Feltl & Co.; tgt raised to $5.45 (4.33)
Feltl & Co. upgrades MDF to Buy from Hold and raises their tgt to $5.45 from $5.15 following earnings. The firm is attracted to the company's low cost of care and its primary care and prevention focus. They believe the company is well positioned for the future, with the Medicare-age population growing faster in Florida than the nation as a whole.
OT: BP Jokes (copied from StockHouse board)
"The BP president said yesterday that the company would survive. That'slike someone running over your dog and saying, 'Don't worry, my car isfine.'" —Jimmy Fallon
"A congressman actually apologized to BP's CEO for the way the companyhas been treated. How stupid are you when the CEO of BP is in the roomand people think you're the moron?" –Jay Leno
"Today, President Obama finally met with BP's CEO, Tony Hayward, but themeeting was only scheduled 20 minutes. Call me crazy, but I think itshould take more time to discuss an oil spill than it does to get youroil checked." —Jimmy Fallon
"Now, I know Obama was trying to take the long view, but talking aboutsolar energy in the middle of the oil spill is like watching your houseengulfed in flames and saying, 'We really should change the curtains.'"—Craig Ferguson
"The president met with BP CEO Tony Hayward, and Obama was demandingthat BP clean up the Gulf. And I'm thinking, good luck. They can't evenclean up their gas station restrooms." —David Letterman
"How about that oil slick in the Gulf of Mexico. And you know, the oilslick is going everywhere. So the next time somebody lands on theHudson, it won't be that big a deal." —David Letterman
"BP CEO Tony Hayward said recently, 'No one wants this thing over morethan I do. I'd like my life back.' Tony, I'm so sorry you had yoursummer disrupted. I'd buy you a drink, but you'd probably spill that too... and make me clean it up." —Craig Ferguson
"Here's a little bit of good news. The Coast Guard says that BP is nowcatching up to 630,000 gallons of oil a day. The bad news is thatthey're capturing it with ducks." —Jimmy Fallon
"This Tony Haywire guy, whatever his name is, he told the BBC on Sundaythat he believes the new oil cap that they've installed will eventuallycapture the vast majority of oil spewing from the well. You know, ifthey could capture half the BS spewing from Tony Hayward, people wouldbe thrilled." —Jay Leno
"BP CEO Tony Hayward said he would just like to get his life back. Hewants to get his life back. You know, I say give him life plus 20." —JayLeno
"A few days ago, Vice President Biden and Rahm Emanuel had a water gunfight during a party at Biden's house. Meanwhile, Sasha and Malia spentthe last few days trying to solve the BP oil crisis." —Jimmy Fallon
"BP wants Twitter to shut down a fake BP account that is mocking the oilcompany. In response, Twitter wants BP to shut down the oil leak that'sruining the ocean." —Jimmy Fallon
"The oil spill is getting bad. There is so much oil and tar now in theGulf of Mexico, Cubans can now walk to Miami." –David Letterman
"A new poll found that 43 percent of Americans think President Obama isdoing a good job at handling the BP oil spill. Of course, the same pollfound that 43 percent of Americans hate pelicans." –Jimmy Fallon
"And today at a press conference, Obama said that the government doesnot have better technology than BP. That's a nice thing to announce tothe world, that our government has fewer resources than a company thattried to plug a hole with a 'top hat.'" –Jimmy Fallon
"Well, folks, here's the latest update. I guess this is good news. BPofficials say the 'top kill' plan is working. The bad news — BPofficials are a bunch of lying weasels." –Jay Leno
"In a new interview, BP's CEO said that the Gulf Coast oil spill isrelatively tiny compared to the 'very big ocean.' That's like tellingsomeone who's just been shot not to worry about the bullet becausethey're really, really fat." –Jimmy Fallon
"Scientists say they have developed a car that can run on water. Theonly catch is, the water has to come from the Gulf of Mexico." -Jay Leno
"I love this. On the news today, the CEO of British Petroleum says hebelieves the overall environmental impact of this oil spill will bevery, very modest. Yeah. If you live in England!" –Jay Leno
"BP has inserted a siphon tube into the well to suck up all the oil fromthe spill. And they've had a lot of experience in this area, by theway. This is the same tube they've been using to suck the money out ofour wallets for the past 50 years." –Jay Leno
"What they're going to do is they're going to suck all of that oilthat's leaking into the gulf and pump it up into a tanker. Now the badnews is the tanker is the Exxon Valdez." –David Letterman
"In Louisiana, BP claims that it's making progress with the leaking oilin the Gulf. They're working on a plan to heat the Gulf up to 600degrees and use it to fry chicken." –Jimmy Kimmel
"Have you been following the big oil spill in the Gulf of Mexico? Or as we call it now, the Dead Sea." –David Letterman
"There is so much oil now in the Gulf of Mexico, and you can thank thefolks of British Petroleum for this, so much oil in the Gulf, you cannow park on it." –David Letterman
"And tar is washing up onto the beaches — big globs of tar. And peopleare saying, 'Is that going to ruin our summer at the beach?' No, ofcourse not. You take the big blobs of tar and you use them to hold downyour blanket." –David Letterman
"This oil spill in the Gulf is affecting everybody. In fact, when I wentto lunch this weekend and ordered the sea bass, they asked if I wantedit regular or unleaded." —David Letterman
"British Petroleum said today that if this spill gets worse, they may soon have to start drilling for water." —Jay Leno
"Dick Cheney's pals at Halliburton ... say they're going to do theunderwater cement job to plug the hole. I thought, wait a minute, thisis a mistake. Underwater cement? You call the mafia. Am I right?" —DavidLetterman
"The oil company said it was the rig company's fault. The rig companysaid it was Halliburton. And somehow, each time they passed the blame,Goldman Sachs made a hundred million dollars." —Bill Maher
"We're still dropping things on it. This is like if your toiletoverflowed and you tried to fix it by smashing it with a brick. Theirnext idea is to get the old lady from Titanic and she's going to throwher jewelry at it." —Bill Maher, on the oil spill in the Gulf
"You folks been following the big British Petroleum oil spill in theGulf of Mexico? I'm telling you, British Petroleum has put more birds inoil than Colonel Sanders." —David Letterman
"On Monday, British Petroleum promised to pay all necessary cleanupcosts for this oil spill. And they said they will do it, no matter howmuch they have to raise gas prices." —Jay Leno
"They say the oil spill has the potential to kill more wildlife than a Sarah Palin hunting trip." —David Letterman
"This is the worst thing to happen to beaches since the Speedo." —Bill Maher, on the oil spill on the Gulf of Mexico
"The plan is to contain the oil slick with fire-retardant beams, andthen set fire to the oil that pools on the surface. They say if it worksthere in the Gulf, they're going to try it on the cast of JerseyShore." —Bill Maher
"By the way, Sarah Palin, if you're watching, how is that offshore drilling working out for ya?" —David Letterman
"Bad news, it's going to be a huge environmental disaster, the oil rigdown there in the Gulf of Mexico. The good news is they think now thatthe oil spill will be diluted by the melting ice caps." —David Letterman
~Compiled by Daniel Kurtzman
15:16 SLV: Silver Trust ETF daily trading vol. surpasses last weeks Apr. 25 record total of +189M with +190M shares now changing hands, nearly 2x's that of SPY ETF today; SLV now -6.0% on the day (40.29 -2.54)
MMT delayed filing news came out last nite. Not sure if problem lies with mgt or Nigerian govt, but the news was very scant in detail. There will be some selling, no doubt.
Good luck, all.
'peeker
Dollar decline has matched Dow gains this yr, so net effect of dollar on Dow is to cancel all gains for the year.
What David Pescod said about POE.v (somewhat dated; Sept 2010):
"Meanwhile, Pan Orient Energy should be about two-thirds
of the way finished their first hole in Indonesia. They will
be drilling two wells before they start testing, but little Pan
Orient, with only 60 million shares outstanding and has a
huge 97% of a very considerable play, the first of two very
big ones in Indonesia."
I had not heard they would drill 2 wells before they start testing. In fact that seems to be a pretty crazy way to run an oil company if the stock price is coming down. Obviously, they've got to announce something good about Indonesian well verrrrry soon as a means of damage control after their latest ops update.
POE.v/POEFF.pk down about 8% today; not sure if it's because of recent update (lower production vs. yr ago) or unannounced trouble with Indonesian well.
Bob, how's your confidence level on SSN and SEA.ax?
They continue to struggle.
TIA,
'peeker
"Most people have a Motive for their actions!"
Yes, I agree that this truth explains exactly why TRGD and TARM mgt (that's Mr. Biscuit) say what they say when they say it. Their statements have implied good things to come for an eon now, and the truest believers still expect that all good things will come to pass, and the streets of heaven will be paved with TARA gold.
Hey Sam Dan, the terms of the purchase are suspect, don't you think? Only paying $140,000 cash plus a bunch of "restricted TARM stock valued at $2/sh" while other TARM stock sells around $.60/sh (on a good day).
The release also reminds us that they have not completed any official agreement with Yamana even 10 wks after the first mention on 2Feb.
They continue testing the faith of even the truest believers.
'peeker
SSN and SEA.ax not really rocking these days. Has being Australian gone out of vogue?
SSN's well status seemed very encouraging, but it's only worth about 1.5% to the stock price at this point. I guess the full test results are always the necessary data for a well, and anything else is just idle chatter.
Really surprised to see both SSN and SEA.ax both lingering - sliding back lately.
'peeker
ps> Hmmm... maybe it's all Trump's fault, since SSN and SEA.ax cannot show a long-form US birth cert.
SSN good (preliminary) news on fracking results.
Samson Oil & Gas Advises on Earl #1-13H
12 hours 43 minutes ago - BIZ via Comtex
BusinessWire
Samson Oil & Gas Limited (ASX: SSN)(NYSE AMEX: SSN) advises that operations on the Earl #1-13H to drill out the 19 frac plugs is underway. This operation, which commenced last week, has been hampered by difficult weather conditions, by the stand down of the rig crew for Easter and by equipment breakdowns. The operation is now back on track, however and the first of the nineteen plugs had been drilled as of 0700 hours CST this morning.
Prior to the first plug being drilled, the oil rate from the well for the previous 24 hours was 292 BOPD. After the first plug was drilled, the rate was measured at 960 BOPD over a two hour period, prior to commencing the drill out of the second plug. Neither of these rates is considered to be a conclusive indicator of the well's initial production performance, as this can only be determined once all of the plugs have been removed. Samson is, however, encouraged by the marked increase in the oil rate from just one of the nineteen plugs being removed.
Samson's Ordinary Shares are traded on the Australian Securities Exchange under the symbol "SSN." Samson's American Depository Shares (ADSs) are traded on the New York Stock Exchange AMEX under the symbol "SSN." Each ADS represents 20 fully paid Ordinary Shares of Samson. Samson has a total of 1,996 million ordinary shares issued and outstanding (including 271 million options exercisable at AUD 1.5 cents), which would be the equivalent of 99.8 million ADSs. Accordingly, based on the NYSE AMEX closing price of US$3.28 per ADS on April 18th, 2011 the company has a current market capitalization of approximately US$325 million. Correspondingly, based on the ASX closing price of A$0.165 on April 18th, 2011, the company has a current market capitalization of A$324 million. The options have been valued at their closing price of A$0.15 on April 18th, 2011 and translated to US$ at the current exchange of 1.05 for the purposes of inclusion in the US$ market capitalization calculation.
AYSI.pk reported lower yr/yr revs & income. Down 15%.
PERTH, Australia, April 20, 2011 /PRNewswire/ -- Alloy Steel International, Inc. (OTC PK: AYSI) ("Alloy Steel" or "Company") the manufacturer of Arcoplate and provider of anti-wear and hang-up solutions to the mining and bulk materials industries, based in Perth, Western Australia, today reported results for first quarter ended December 31, 2010 ("Q1 2011").
Financial Results
For Q1 2011, total sales were $5.1 million versus $5.8 million in the quarter ended December 31, 2009 ("Q1 2010"). These sales consist solely of the Company's Arcoplate products. Income before tax Q1 2011 was $1.0 million or $0.06 per common share, compared with income before tax of $2.2 million or $0.13 per common share for Q1 2010. Net income after tax was $0.8 million, or $0.05 per share, for Q1 2011, compared to income after tax of $1.5 million, or $0.09 per common share, for Q1 2010.
Results of Operations
For Q1 2011, sales were 12.1% percent lower than Q1 2010. The reduction in sales is attributed to the effect of the strengthening Australian dollar on exports and delayed investment decisions for several key Western Australian resource expansion projects.
The reduction in Gross Margin from 53% to 41% for Q1 2011 is attributed to a change in depreciation policy and a reduction in the proportion of processed and finished product included in sales resulting in a changed sales mix for Q1 2011, as well as foreign exchange movements.
John Cleland, CEO stated "the Company remains optimistic about sales for the remainder of the financial year and notes that sales are usually lower in the December and March quarters. Further, the Company continues to optimize its Australian production facilities to ensure increased demand can be satisfied from available capacity. The Company continues to evaluate the development of expanded capacity in Australia and new capacity in Indonesia."
Earnings Calendar:
Today after the close look for the following companies to report:
AAPL, WDC, CVBF, FFIV, KMP, PLXS, RJF, SLM, HTLD, PBCT, AMGN, AXP, CATY, GILD, AF, ALGN, CNS, COHU, ETFC, KNX, LRCX, NE, QCOM, TCBI, TSCO, WERN, CPHD, CPSI, RLRN, BSX, CYS, EW, IEX, MKSI, YUM, OFG, HNI, RRR, CVA, SCSS, TEX, ATR, BJRI, CAKE, CMG, GDI, TCO, FWRD, MAR, WLT, EGP, RCRC, RUSHA, BAS, NFX, BUCY, DTLK, ESV, LHO, ACTG, MCRI, and PGI.
Tomorrow before the open look for the following companies to report:
CHINA, FITB, COF, COL, ESI, GMT, HOMB, IBKR, LUV, MS, PNC, PPG, TCB, TEL, TPX, UNH, VIVO, AIT, APD, BBT, FHN, GE, SLB, STI, MCD, ST, WFT, ALK, BLK, DD, SHW, TRV, VZ, CP, UAL, XRX, BAX, CLS, CNH, CSH, CY, DHR, FLWS, FNFG, GNTX, HUB.B, IIIN, JBLU, JNS, KSU, LLL, NUE, NVR, UMPQ, USAK, UTEK, WCC, WTNY, AEP, DOV, HON, IDXX, NOK, TROW, TNB, ADS, BIIB, COV, ENTG, LSTR, PCX, EVR, MAN, NSR, BX, DO, GR, NYT, PENN, RAI, SNA, TZOO, IR, SON, ALXN, LH, PM, KVHI, WSO, LTM, ORB, POOL, SYNT, TNC, TASR, NEM, and TVL.
AGGI acting like a dog! Oil company can't make money?
10Bagger, I think you own this one. Are you buying on this dip?
Allied Energy, Inc. Announces 2010 Fiscal Year Results
9:25 am ET 04/20/2011 - Market Wire
BOWLING GREEN, KY -- (MARKET WIRE) -- 04/20/11 -- Allied Energy (PINKSHEETS: AGGI) today announced its 2010 fiscal year results. The Company's financial statements are available at www.alliedenergy.com and www.otcmarkets.com.
For the 12 months ended December 31, 2010, the Company reported total revenue of $27.5 million, which was a 135% increase compared to 2009. The 2010 revenue consisted of $26.4 million turnkey drilling and $1.1 million oil and gas production. For 2009, the Company had revenue consisting of $11.1 million turnkey drilling and $0.5 million oil and gas production.
Net earnings for the 12 months ended December 31, 2010 were $(0.3) million as compared with $0.3 million for the 12 months ended December 31, 2009.
The Company's total assets increased to $16.4 million in 2010 compared to $12.1 million in 2009, a 35% increase. In addition, net cash flows increased to $1.8 million in 2010 from $(0.7) million in 2009, a 351% increase.
The Company serves as the managing general partner for a number of oil and natural gas development programs. The Company's aggregate oil and natural gas exploration and development costs for its programs in 2010 increased to $18.9 million from $6.0 million in 2009, an increase of 217%. The increase is a direct result of the Company's continued commitment to its aggressive acquisition and investment programs including but not limited to increased participation in horizontal and other drilling programs, including those in Central-East Texas, well reworks and completions, water disposal systems, building of gas line infrastructure, and pipeline construction for its majority-owned subsidiary, Allied Gas Transmission.
In Grimes County, Texas, the Allied Howard #2H resumed production on March 12, 2011 and since that date has averaged approximately 6 million cubic feet of gas per day along with associated condensate. The Allied Howard #1H continues to produce at a rate of approximately 2.5 million cubic feet of gas per day equivalent and has produced nearly $1 million in gross revenue (in today's prices) since it was turned into production the latter part of 2010. Although no assurances can be made, the Company estimates that combined production from both wells of methane gas, natural gas liquids and condensate should potentially stabilize in the estimated range of approximately 170 - 200 million cubic feet of gas per month equivalent, at least for the short-term. To the extent that production does occur at this level, this equates to a projected $600,000 of future gross production revenue each month for the Company, (assuming a net price of $.30 per MCF for gas). However, both of these wells are anticipated to be subject over time to production declines of an as-yet undetermined magnitude.
The Company is scheduled, in the second quarter, to move a rig on location in order to begin drilling the Allied Howard #3H well location. The Company also has plans to drill two more horizontal locations in Grimes County this summer and fall.
In Leon County, Texas, Schlumberger recently completed the fracking of Allied's first horizontal oil well, the Allied Wallrath #1H. Initial results have the well flowing at approximately 100 barrels of oil per day (BOPD) without manipulation or stimulation.
"We are extremely pleased with the results we have seen thus far for our horizontal programs in Grimes County, Texas and the overall execution of our business model for 2010," said Scott Harris, Allied's Chief Executive Officer and President. "In 2011, we anticipate oil and gas production revenues to be a much higher percentage of the Company's overall revenues," added Harris. The Company also generates additional revenues from lease operating activities including saltwater disposal and gas transmission in Grimes County, Texas.
At December 31, 2010 in Oklahoma, the Company, either directly or through its program interests, owned interests in 70 producing wells and/or wells awaiting hook-up, four wells in various stages of testing or completion, two wells in process of being drilled, and 20 additional wells scheduled to commence in 2011. The majority of these wells in Oklahoma produce from either the Mississippi Limestone, Burgess Sandstone and/or various coal seam formations.
IAE.v/IACAF.pk: Ithaca Energy Inc
Shares Issued 255,677,798
Ithaca investor Sprott acquires 863,400 shares
2011-04-18 09:33 ET - News Release
Ms. Maggie Tang of Sprott reports
ITHACA ENERGY INC.: SHAREHOLDING
Sprott Asset Management LP has increased its holdings of Ithaca Energy Inc. by 863,400 shares. Following the transaction, Sprott controls 7,218,278 shares of Ithaca, or 2.8 per cent of the voting rights.
ps> Down 5% on the news? egad! sometimes nothing works!
SKILLZ1, just curious, but when you own a stock, do you set a (mental) stop loss, that is, do you establish how much you are willing to lose to prevent yourself from getting taken to the cleaners?
BTW, AVCA traded at $6.66 this morning, so it's not clear that God is on your side with this one, but I am, as I bought some at $6.75 because I believe ... in you.
'peeker
caveat: Nobody could always be wrong, not even SKILLZ1 ...
Form 144 by D. Reid; plans to sell 150,000shares.
The last time we saw the Reids selling, the stock came off about 10%, at least that's what I remember. Whenever the President of a company decides to sell $4.5million of stock, it's worth noticing. Whenever the CFO resigns and the President of company plans to sell stock in the same week, I worry.
In my case I sold half of my GORO this morning.
'peeker