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How does the chart look anyone?
Agreed. I suspect the biggest surge higher we will experience is when the Q comes out and shows a lot less shares than many here suspect. I honestly believe that the share count is only about 200 million not the billion or so that many have speculated. Marry that with additional production, possible equity investment, rising nat gas prices and we could have an explosive July.
Nat Gas up at $13.38 today up another $0.18. It is up significantly over where it was in May so in addition to more production the price HTOG will be selling their gas at will be much higher. All factors falling into line for a huge run in the share price based on the increasing revenues especially if the O/S is in the area of 200-400 million. Good luck to all.
Good to see there wasn't an artificial drop during the lunch hour. HTOG looks good going into the final few hours of trading today. Should be a strong close. Let's see if we can get it at least to .009 again!
Looks like we have many more MM's looking to make a market in HTOG.
Excellent info on CBM in SE Kansas from another board.
http://www.kgs.ku.edu/PRS/publication/2004/AAPG/Coalbed/
Money,
Good to see you drop in. I know you are in HMGP and I was in it as well for quite some time. I think you will get a more immediate and substantial move upwards in HTOG as opposed to HMGP. HMGP in my opinion is a very good longer term opportunity but on a percentage basis your gains will be much greater in HTOG. Good luck with your DD.
Bobby,
I believe you mean Aztec Well Services. If you have the ability to conduct some first hand DD I am sure many on the board would appreciate any objective information you could provide.
Boardmarks just keep climbing. I truly believe there isn't a better penny play out there right now. Nat Gas at a 52 week high and possibly an all-time high soon, significant additional production coming on line this week,a new 4.5 mile pipeline completed in one of the hottest nat gas development areas in the U.S., and possible news regarding an equity investment that will allow HTOG to sink 300 more wells on the over 900,000 gross acres it owns in SE Kansas. IMHO, all eyes should and will be on HTOG over the next few weeks!
It seems like all the penny traders now are looking for the perfect oil and gas play, rightfully so, and when the company starts the production and subsequent revenue announcements they will all pile in and the early birds will reap huge gains. Also, HTOG's acreage just happens to be in SE Kansas which is one of the hottest areas in the country for natural gas plays. I can't believe I am saying this on a Friday night but I can't wait for Monday!
CDN,
Agreed. I am in at an average of .0025 so at .009 I could have exited for almost a 300% gain but I strongly feel that HTOG will have a lot more momo behind it once they start PRing a steady stream of corporate developments. Again just IMHO, but I am going on record that .025-.05 is very likely here over the next month especially if the company doesn't sell into the expected runs.
CDN,
Things are definitely going to get very interesting around here over the next few weeks. Factor in the production and sales of gas from the new wells with possibly an update on HTOG's efforts to attract an equity investor in order to drill more wells and the continuing increase in the price of natural gas and we could see the share price return to the .10 - .15 range. All IMHO of course.
All,
The attached article is from Bloomberg today. This is why HTOG will be very attractive over the next few months!
Natural Gas 75% Gain Speeds Horizontal Drilling at Devon, Range
By Joe Carroll
Enlarge Image/Details
June 27 (Bloomberg) -- U.S. natural-gas producers are drilling wells previously deemed too costly and resurrecting abandoned fields from Appalachia to the Rockies, spurred by the biggest rally in fuel prices in eight years.
Devon Energy Corp. and Range Resources Corp. are drilling horizontal wells that cost three times as much as traditional vertical shafts to unlock gas from rock formations that were unprofitable to exploit before this year's 75 percent gain by gas futures. The number of active U.S. gas rigs rose to a nine- month high last week, according to a survey by Baker Hughes Inc.
``As prices are better you want to drill more wells to get more production on line as quick as possible,'' said Larry Pinkston, chief executive officer at Unit Corp., a Tulsa, Oklahoma-based gas producer and drilling-rig operator. ``So we definitely are drilling more wells.''
The rise in gas futures in New York this year exceeded the 45 percent surge in oil and all commodities besides coal. U.S. gas demand probably will grow 4 percent this year, double the rate of new supply, said Roger Read, an analyst at Natixis Bleichroeder Inc. in Houston.
Gas gained the most since prices more than doubled in the first half of 2000. This month, futures rose above $13 per million British thermal units for the first time since 2005, when Hurricanes Katrina and Rita idled wells in the Gulf of Mexico. Read attributed the gain to ``unrelenting growth in electric power demand,'' lower-than-expected imports and increasing demand for alternatives to coal and oil.
Producer Shares Rise
An index of independent energy producers in the Standard & Poor's 500 climbed 29 percent this year, led by gains of more than 60 percent at Southwestern Energy Co. and Chesapeake Energy Corp. All 10 index members get most of their output from gas. Unit Corp., which isn't in the index, jumped 75 percent. The S&P index of integrated producers such as Exxon Mobil Corp., driven more by oil wells and refining, has fallen 1.7 percent.
New drilling projects will boost U.S. gas supplies in 2009 by 3.6 percent, the biggest increase since 1994, Read said. Gas is the most widely used U.S. furnace fuel and the third-largest source of power generation, according to the Energy Department.
The U.S. Bureau of Land Management, which oversees energy exploration on federal property, issued 7,124 permits to drill in the fiscal year ended Oct. 1, 5.7 percent more than fiscal 2006. Nine out of 10 of those permits were issued for projects in Wyoming, New Mexico, Utah and Colorado.
Drilling Accelerates
Range Resources, based in Fort Worth, Texas, increased its capital budget 40 percent this year to $1.27 billion to sink more wells in the Barnett Shale in Texas and the Marcellus Shale in Pennsylvania and West Virginia.
Range Resources, which gets most of its production from the Barnett Shale, expects to begin pumping commercial volumes of gas from the Marcellus in early 2009.
Drilling horizontal wells in deep, hard deposits such as the Barnett Shale costs about $3 million each, compared with $1 million to $1.5 million for a vertical well, Range Resources President Jeffrey Ventura said in a telephone interview.
Horizontal drilling is costlier because it requires more sophisticated rigs with more powerful motors, said Michael McMahon, managing director of New York-based leveraged buyout firm Pine Brook Road Partners LLC, which bankrolled three new gas producers in the past 15 months.
Horizontal Wells
Horizontal drilling is the only way to tap formations that otherwise won't give up their gas, Ventura said.
``There some areas of the Barnett Shale that didn't work at all as vertical developments but are very commercial as horizontals,'' Ventura said. ``Rock formations that people thought were non-prospective are now prospective.''
Unit Corp.'s Pinkston plans to drill at least 280 wells this year, up 11 percent from 2007. The program will let the company replace at least 150 percent of the gas and oil it pumps for the next several years, he said.
The company, which also owns 131 onshore rigs and a pipeline business, built two new rigs this year and plans to add another two in the fourth quarter, Pinkston said. Unit will decide in the next few weeks whether to order more rigs for 2009 delivery, he said.
Competition for drilling equipment and rig crews is escalating costs for producers, said Pine Brook's McMahon.
Pine Brook, founded in 2006 by former Warburg Pincus Vice Chairman Howard Newman, is stockpiling about 20 miles of pipe, enough to excavate six wells, in response to delivery delays from pipe makers because of soaring demand, McMahon said.
CDN,
Agreed. Nat Gas at a 52-week high and we are completing the pipeline and hooking up 12 new wells next week. Besides the vast acreage HTOG has itself in SE Kansas the pipeline is going to attract other companies desiring to tie in their wells as well (no pun intended). I am in at .0025 and I welcome this decline as an opportunity to accumulate a much larger position as HTOG could easily become the dominant player in the SE Kansas nat gas game. This is a no brainer!
OG,
Please do. Looking good so far. Thanks.
Realtime L2 please? Thanks.
Absolutely perfect timing. Finally, a company that times their PR's properly to get maximum SP increases!
And by the looks of the boardmark count we just keep attracting more eyes to our little "gusher!"
Tomorrow morning would be a perfect time to release a PR that the pipeline was complete and the additional 12 wells have been connected thereby increasing production by 50%. Even without that we will be going for nother ride in the AM!
OG,
That would be great! Just building my penny account back up and this is a great start so far. Thanks.
OG,
Plain as day.....do you think we will follow through tomorrow? thanks.
OG,
Been in since last Thurs and picked more up yesterday. Thanks for asking. We had a great run today and I anticipate some more manana!!!!
L2 please?
realtime l2 please. Thanks.
where are we now please in RT
Thx Stressfree
L2 rt please?
Thanks plasti. Looks like we might get a little action today!
Agreed. It has just risen too fast in such a short period of time. That being said, I wish I was in on that action although I would have sold out at the end of the day today.
Agreed. If there ever was a penny I wish I could short it would be this one tomorrow. No where to go but down, imho.
Don't forget the 160% it was up on Friday!
OG,
Thanks again. Picked up some more today but nowhere near as much as I would like. Let's hope HTOG's IR guy isn't blowing smoke and they actually put something concrete out in the near future. I would love to get a production update along with news that HTOG completed the pipeline and tied those 12 additional wells into it. Then we would see some real fireworks!
OG,
Thank you for the very thorough explanation. I am just trying to learn how to read the charts. Doesn't the RSI in the 70 range indicate a possible move to the upside as well. Thanks again.
OG,
Please educate me if you can as I am not a technician. When you guys talk about the pincer trade what metric are you describing. Thanks.
Looking good so far this morning. Let's hope we can keep it going!
Board marks moving up but it sure hasn't translated to any more activity on this board. I guess shareholders need the company to put something juicy out for us to chew on for a bit. Would be nice if we got some kind of update this week.
Abdul,
Thanks for sharing yor opinion. By the way I am in Florida as well. Hopefully we can get rid of this rain and make some serious money in the upcoming week.
Abdul,
Do you like this or HTOG better. I am considering adding there or getting in here? Thanks.
Seems like more and more eyes on HTOG. Boardmarks up to 102 now. Once the MM or the seller lets up we should make a nice move significantly higher. I think a lot more people are holding shares here than are willing to let on in this forum. Once we get the momo on our side we will move higher quickly especially if it is fueled by a substantive development like an equity investment, completion of the pipeline or increased production. A perfect example was a stock someone on this board metioned the other day, qmnm. They claim their production is imminent and the stock was up 160% on Friday. Let's see what this week brings to HTOG.
OG,
It seemed like there were a lot of larger blocks being bought yesterday late in the day. Could be a sign of things to come!