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...not enough volume to do much today, but that being the case, I notice very few seem interested in selling. That is great.
The CMF shows what very little selling volume the MM's are using to drop price. It bears out what Lowman has been saying.
Good looking 7 day run. The bottom is the Chaikin MF. Notice that it is almost all buying. Me thinks accumulation maybe:
I will work on a map of the tribal lands superimposed on the Bakken. It will be later in the day. Right now I have to go oversee a concrete pour.
Later all...
I am looking right now to find the exact location of the Fort Peck reservation so I can superimpose it on a map of known oil fields in the Bakken. I have found a tribal study for the Fort Peck reservation detailing a plan for economic growth. The plan includes tapping into their oil and gas .
There are reports and studies that forecast production. You can find flow rates for wells in place and wells that were capped. My take on new wells is that you have a 95% chance of finding oil. What the production of the well WILL be can't really be determined until it is pumping. From what I read, if you have a decent "spread" of wells, your chances of very big flow for a number of years are quite good. I can only assume NAEG knows a heck of a lot more then we do and they aren't there without good reason. And I believe they (NAEG) stand to make a lot more money for many years to come by successfully exploiting the Bakken than they would doing a one pop stock promo. That , FWIW, is my thinking.
Yes, the numbers are staggering. From the government documentation I have read, a dry hole in the Bakken is all but unheard of. If you throw a lawn dart and drill where it lands, you have a 9.5 out of 10 chance of oil.
I don't know how much of this is on Native American lands, but the estimates of the total reserves in the Bakken are in the HUNDREDS of billions of gallons:
http://www.pttc.org/funding/testimony_bardin_fy07.htm
Strictly speaking, since there has been so much effort to compare HMGP with NVMG, if you look at the HMGP 50/200 DMA when it was like NVMG's is now, NVMG has gotten off to every bit as good a start. If we get the financing we are expecting and we get that 50/200 DMA cross like HMGP did...well...
I don't know.
Having been around development for years, I know what you you are saying. Let word get out that you want to build a project in a particular area and everyone with land in that area all of a sudden thinks it is worth a lot more than it was yesterday...LOL
That is a good point, but the real question is how much oil is NVMG sitting on as compared to HMGP. A fair comparison should factor in the potential as well as the share structure. Third party reports and documentation describe the Bakken as possibly the biggest reserve discovered domestically in many years. If that is true and if NAEG is positioned well with leases, we will have a better chance at comparison once NAEG starts tapping into all those leases. We need to get over the $5 million financing hurdle and see the oil come out of the ground. If and when we pass that point it could be a good horse race with HMGP.
...good looking chart...
Green Hills of Tyrol...it is my lucky tune. It works (almost) every time! LOL
..."Lying on your couch many days from now...what would you give to go back to this day and hold on to one...JUST ONE of those shares..."
Ok, what does it take? Do I need to get out the pipes and play Green Hill of Tyrol?
For any on the fence right now...PLEASE don't contemplate selling on the low side of the wedge I charted. Make the MM's come up to us...don't go down to them. It would be great to see it break high out of this wedge...trust me.
...2 day...
5 day graph
This morning I saw them tape 3+ million shares at .017 before the bell. Since pinks don't trade before or after hours, I assume it was some book keeping carried over from Friday. It appears that volume was added to today's tally and now correctly removed. But of course I could be wrong.
jc
"We want to assimilate your ASSets...resistance is futile..."
A smart guy once told me banks exist solely to separate us from our ASSets.
They are all part of the same Borg collective.
.018 x .019 nice gap up
Give 'em hell Brikk.
Nice...another "golden cross" before the movement.
I don't care much for the RB anymore. I like the IHub , the way board moderators can filter out trolls and trouble makers. It's good to see both sides of the coin, but its better to have someone to keep things on an even keel. The RB has become a soap opera. I was clued in last week to NVMG by a long time RB friend. We have exchanged posts, emails and phone calls for a good while. I have a lot of respect for him. He posts on the RB HYRF board as Texas-11. He told me last week to check out this board. It is one of the best I have seen. It seems like there are straight shooters here.
jc
There are some bashers hard at work on the RB but they don't have anything of substance to say. They probably wouldn't fare too well here going up against some of the knowledgeable posters we have seen here.
Hey, PIRAT, good morning. Thanks for the comments on the Golden Cross. Do you know of many who are buying NVMG in Germany?
T/A is after all, a record of what has happened. It can give you an idea of what MAY happen, but I think relying on T/A is loading a gun with wet powder. I thing it's good to look at everything you can. And I think it is smart to cover your original money.
jc
Yes, Islay boasts 11 or 12 distilleries. I have tried them all except Ardbeg, which for some reason isn't sold in the USA. I think after creating golf and the highland pipes, whiskey was devised as an excellent way to deal with frustration. One of the finest I have ever sampled was a 100 year old bottle of Highland Park.
jc
A golden cross often indicates the market is turning bullish on a stock. StockCharts.com has a good section that educates you on chart analysis.
jc
test
Lagvullin is grand all together. Laphroaig is from the island of Islay, where my ancestors hail from. It is very smoky and peaty owing to the fact that the water is flavored by the peat fields. Another really excellent single malt from Islay is Bowmore.
jc
last test I hope
test