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.
Ya this ones a real sh!t sandwich, I cant even look right now...
I will most likely not ever buy more stock in POTG. Im just going to hold onto the shares. If I sell I lose, at least thats the way I see it. POTG was the first penny stock I ever bought, so ya Im batting 1000 right now. lol. But on the nrighter side if I didnt get into POTG I wouldn't have foung the other junior mining stock I got into which looks really neat. Yu can check my stocks if you care to look, I think they will erase my post if I talk about another stock.
Yes I think I made a mistake buying POTG at some of the prices I did, nut I also got a few at a lower price. I bought on speculation so hopefully speculation will work out in the end. There is no proof they are 100% a scam right now so I'm gonna give it the benefit of the doubt for now.
Just as a note, I dont know if it makes a hill of beans difference, but if the stock is at all questionable Wells Fargo wont let you trade it. So that gives me hope because they let this one trade. Approx 4/5 penny stocks I look at cant be traded by Wells Fargo so I think their screening is pretty good.
So I am just waiting for some splitting & sampling.
Like I said, this ones gonna be my Ex-GF right now... lol.
In the annual report they released it talks about previous splits that took place, then it mentions the current split and that they are "still waiting for FINRA approval". There hasn't been any financial fillings or news from POTG that has said anything other than they are broke and intend to buy properties. This stock has always moved on speculation so thats why im into it, nothing more than that.
Im not trying to defend them at all, dont really care too, but you can see for yourself (whether its a scam or not) that they have never actually said or reported anything that justifies the current or previous PPS.
Well I'm not an Intelligent investor... lol. Never proclaimed to be a "Pro" my good man, I actually have a nice little day job.
I've said before that I was in hopes and dreams land thinking I was going to make money on this now. I am definately not an intelligent investor who bought into a company who has never had any money on the old ballance sheet and then cried scam when its PPS dropped off.
Yes I have definately dreamed of when POTG releases some "sample data". I cant imagine what I was thinking when I bought into a stock dreaming it would go up in value one day?!?
For a so called "scam" they have been pretty transparent the whole time... or was I dreaming that too?
Like I said before, you cant lose if you're playing with the houses money. Gotta have enough patience and resources to let it ride.
Im just gonna keep dreaming that stocks will go up one day and I'll leave the pro stuff to you. I think it was someone on this board whos advice was to not fall in love with stocks, so I'm gonna treat this one like an ex-girlfriend... just ignore it till it either comes back or leaves for good.
And I didn't say a split will create value. If there is a split and then news it could be good is what I said. But like I have said over and over again, POTG has never had anything since the start. They have declared it numerous times. But if they split then it does create more hopes and dreams .... Lol
That's why I can't believe the pps is still twice that if companies like PCFG ( currently my hedge agains POTG )
All I'm saying is that if they ever sell off a property or do anything at all they might be worth something. And if they split before that PR maybe it'll be good.
There filings haven't changed since inception, so if you didn't know they were worthless then don't call it a scam now.
Personally I don't care what the heck they do, if they do something then great. If not oh well. As long as day traders use the stock market like a slot machine then it will always be a gamble. I can't believe it's still where it is.
You will never get a piece of the tar sands this cheap ever again. These guys are gonna do awesome. Just aide California and Europe don't like our oil doesn't mean the rest of the world won't. Start looking into the ethical oil movement.
There are alot worse ethical dilemmas surrounding oil than tearing up Canadian muskeg. There is more environmental reclamation commitment up there than protestors care to acknowledge. Majors like shell and exxon aren't going to do the wrong thing up there, because they know that the tar sands can satisfy current consumption rates for the next 300 years. The future of petroleum is up there. Not in the middle east.
I think America is getting tired of middle east foreign policy.
Let's not put too much stock into what Europe and California are doing...
There are juniors pulling gold out of the ground right now with a 1/10 th of the shares POTG has and pps is half of what POTG's is. So go figure that one out.
Thanks for showing me how to divide by ten though. I'm waiting for the same thing that everyone else who's still holding on is... Split and good news. Cause really there's nothing else. Never has been. The only thing Rhys changed from six months ago is thy have 800$ less in the old checking account. But you and i all knew they were worthless on paper then and they still are now. Ultimately why did anyone get on board. Not to see POTG at it's fair
Market price relative to it's assets. No we jumped in hoping speculation and news of deals and samples would drive the price up.
First rule of gambling, the house always wins... So play with their money.
It doesn't take alot of detective work to find out what these guys have. They have clearly stated it from the beginning that they are broke and don't have anything. But good for you for warning the ones that can't read SEC filings. Everyone jumped into this stock hoping to make huge gains and some did. But now that the price is more realistic everyone is calling it a scam.
It would be a scam if they said they had something for sure, but they didn't. If you made all of your decisions based on paid PR then you're in big trouble.
The tune sure is different then when this old girl was going to the moon.
And hey if old Paul scams me then he must need my money more than I do. Lol
Until they pumped it again with sample data.
I started at .78 and bought all the way down so I have also lost alot too. Like I said... Hopes and dreams.
I know they can lie in those filings, but in all reality the filings looks as bad as when people were buying shares over a dollar. I think the share price is where it Gould be considering they have nothing right now. Not that try ever said they had anything. Look at PCFG they are pulling gold out of the ground and their pps is .04 so who knows. Maybe a major will buy one of their properties.
Well It may be wishful thinking, but I'm gonna hold out for the split and some good sample results. At least the annual report mentioned the split.
They are only talking about 350psi Max at a depth of 300 feet. I think that the test well will do fine. If they can produce at their permitted limit they could pump 30,000 bbl/day @ 60$/bbl profit could be up to 1.8 mil/day in revnue. They would need to punch alot of holes to get to 30,000 bbl/day though. maybe 200+ wells.
Ya sometimes its such a contradicting feeling. I want the price low on payday, but as soon as the order goes through Im screaming at my bloomberg ticker... lol. This stock will be great, right now its helping me to recover the beating I took from another gold mining stock in Peru.
Another positive for Oilsands Quest are the test wells they drilled. The wells that were drilled with a drilling rig and not a coring rig have the possibility of being re-entered and completed. Any holes that were done with a drilling rig would have had to have been running a diverter stack on top of casing. So if the casing was capped or plugged they could possibly go back in there and go horizontal very easily.
They should be able to get this winter program done fairly cheap and then just wait for Major involvement. There could even be a deal between two operators where they get to drill and BQI gets to use the infrastructure they need.
The worst thing about dealing with bitumen is having to heat it up to get the sand out in tanks on the surface and getting all the water off the oil.
The tanks are cheap if they havent got them already, I think they do from what I have read. The oil flows into those tanks not only to hold it, but to separate the sand out too. You have to heat up the oil and separate the sand before you send it long distance down a pipeline. Bitumen has a large percentage of sand in it. Alot of water also flows back with the oil from the steam condensing and you have to recycle that and send it back down as steam. It is really a very simple process. You just have to get the sand out of the tanks periodically and send it to an upgrader or prcessing facility like CCS.
I think your estimate on the cost of the infrastructure is a little high though. Most of what they need is there right now minus a tie in line to get oil to market. There are plenty of lines close to their property they could tie into and enter into an agreement for delivery with a neighboring operator. This would save them a substancial ammount of money. The production wells they drill up there wont be that expensive either. SAGD wells are cheap because they are shallow and easy to drill. The most expensive part of it is the screened liner you have to run. (if thats the route they are going to go. Some operators also run a second string of tubing with fiber-optic cabling for well monitoring as I have seen in deer creek.
I dont think they will be into the hundreds of millions before they have a revenue stream. If the test well pair does good and a Major steps in they will not have to bear the whole cost either.
They have already proved the glacial till will contain the steam.
If you check out their web site you will get a better idea of what they are up to. Their web site is very current and you can see the whole company history.
I'm just speculating on everything because only two things are gonna happen. They are gonna boom or bust... And I'm
In it for the long haul
So I'm
Very biased lol
As far as I can tell this winter BQI will be working more towards proving reserves and exploration. Have to wait for more news I guess. It should go well though.
If they are serious about getting it rolling and they have financing, they could get the wells they drill this winter producing by spring easily if they drill any. They just have to get it to market which is a challenge up there if they don't year round access like a pipe line. These guys will be huge if they get it going this winter. You will never get a
Piece of the oilsands this cheap ever again. Just look at the adjascent properties and what those companies are worth. The sky ( and financing ) is the limit for these guys. Gotta have a long position and patience .
Most if not all of the infrastructure is in place and the oil is there. They have drilled hundreds of test holes there and have done lots of seismic so they know what they are doing
Prior to the cancellation of the rights offering, BQI was committed to raising the money to prove their leases on their own to attract major oil company investment. At that time their plan was for the test well and some drilling and seismic. Now it looks like they might have secured a partner or some serious investment because they cancelled the rights offering which was how they were going to raise the money for this years drilling season.
I have seen wells go from completion to production in a few weeks depending on the operator. There are alot if variables there. The fact that they have alot of their infrastructure in place seems positive to me. Of all the info I have read from BQI I haven't seen anything that talks about huge production this year. What they do seem to have is a permit to produce 30000 bbl/day of bitumen. There goal is 100,000 bbl/day which is alot considering the total output of the oilsands. Also they have their leases for 15 years and are the only ones who have permits to produce in Saskatchewan. Saskatchewan is untapped and the fact that they are even in their is amazing. Totally untapped on that side of the boarder.
They will do it sometime this winter. The drilling season hasn't really started up there. I have worked up there alot pulling cores on adjacent properties and I think they will do great. Their only problem was having enough money to get the project started. They already have the pad built and steam facilities in place. The test well isn't going to be deep as far as drilling goes so it should be quick and cheap.
Once they get their test well done they will go way up. They are poised to do great things for sure.
Ya for sure... This one has been flat line since I bought at .19
Can't wait for things to get going this winter. I think they found some investors. It's nice to see some activity on this board finally lol
I like the risk, and I dont care how far it goes down. Im not a day trader and I only use money Im happy to lose. My real job pays pretty good... lol. This is all for the thrill and it might even buy me a ranch one day.
I'll do better to not post other stocks on these boards, but it was a good stock pick for someone who wants to take a long position.
Im not selling till the ranch is paid for. lol
Thanks for the welcome. I cant wait to see what this stock does, I have more patience then I know what to do with. Ya I think this stock is going to be awesome!!! Its good to be here
I have been following this board for a while, I have been interested in PCFG for a while. This is one of the best boards I've followed, never a dull moment. Thanks for the welcome. Im long on a few more stocks and those boards are pretty dry. POTG's board isnt to bad but its pretty negative all the time. The guys that are short hate everyone and even the ones who dont even hold the stock chirp at everyone. Things seem productive over here.
Cant wait to see what PCFG can do... very excited!
Check out a stock called BQI, I think they have quite a bit of potential and i've worked in that industry for a while. Me and the boys at work here bought into PCFG and we kinda all buy the same stocks.
I'm in PCFG for the long haul and I'm always optimistic. Thanks for the welcome! The bickering doesn't bother me, nothing wrong with a good debate. I look forward to reading these boards. No better DD than the opinions and research of your peers. I think it's a great buy and I'll be holding on for a while.
YA KEEP THE INFO COMIN'
THANKS
I agree with you 100%
LETS TRY STICK TO THE FACTS HERE GENTLEMAN. THIS COMPANY IS A JUNIOR PRE-EXPLORATION MINING COMPANY WITH NO ASSETS WHAT SO EVER AND HAS NOT MADE A PROFIT SINCE IT HAS BECOME A PUBLIC COMPANY. THEIR FILINGS DO NOT DISPUTE THIS AND THE SHARE PRICE IS REFLECTING JUST THAT.
THEY ARE NOT GOING TO BUILD ROME IN A DAY. ALL AN INVESTOR CAN HOPE FOR IS SOME GOOD SAMPLE DATA AND A SPLIT.
IF IT IS A SCAM THAN SHAME ON US FOR NOT INVESTING MORE WISELY.
Do you have any info on the samples? I thought the main property was silver.
Well you can always hope and dream that there was some sample data or something else that might have changed at the last minute. All I know is no one could have possibly bought this stock without knowing POTG has never produced anything or had anything. It was in black and white from the beginning. All anyone should have been thinking was they were buying a shot at a pre-exploration company with the potential to produce. All I am wondering is what people thought they were buying in the first place? And why should there be anyone to blame but themselves? It only takes 5 minutes to find out what they have. If they are lying about the split then shame on them. But in reality there has not been any definitive answers or info yet, so what you have now I'd a stock price reflective of what they are actually worth.
They have never had any earnings. They clearly state that in their SEC filings. They have only been a public company for maybe 6 months. Everything is in their filings clear as day including the fact that they have no cash at all. They have never reported different.
Good day for BQI today. Did anyone hear about anything that would make their stock go up today? Does anyone know how they are making out on their rights offering or will we have to wait until sept 12?
Ya I'm gonna hold on too and see what happens.
.78, .63, .28, & .135 I bought all the way down.
Well I'm in it for the long haul. I bought in hoping that things go good for them and hopefully they do.
I'm just hoping there is news about the split soon and the "samples"
I don't know anything about that crwv, you were talking about portage weren't you?