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Why was my post deleted?
I think there will be because the company is in the development phase right now, so there is a lot of gears moving in this machine. So there is constantly going to be something new happening. I think the news that they have started connecting the 2000 wells together will shoot this price up
Looks like no one is interested in buying right now or even selling for that matter. Can't wait for the company to get the gears rolling faster
haha That sounds really familiar to what someone else was telling me earlier
I can't wait for them to start work on all of the wells. Honestly though, I see this company getting bought out as soon as the big boys see that they managed to make money in this market
I don't think anyone should be blocked for having a different opinion. THat wouldn't be very American. However, if he starts to patronize people for no reason he should be warned and then blocked if he continues to do it.
Looking at the chart that warchest posted, it is true that its gunna go a little lower, but if the trend that has been around is followed, it won't go any lower than .004 and it will bounce back to .02 or higher. Somewhere around .024 to .028. Thats just the trend on the chart.
Im sure warchest will say that its going to .000000000000002 and it will never come back up. Hell, they should just declare bankruptcy.
Im not sure that its all pump promos, but the price pull back is a normal thing.
As much as I hate to say this, I agree with War chest haha (no offense) but the chart says that this will get worse before it gets better. Macd never lies
Well if you call buying 9,000 wells and 400 miles of pipeline wise, then yes, I think they are spending the money correctly. This will come back, its just a matter of time, how long that will take is anybody's guess. There is no telling. I just hope that it doesn't take forever.
Right now, we can expect reports to come out in december. The first two thousand wells should be approved this month and financials should come out in February.
This stock makes absolutely no sense at all
The best case scenario would be for them to say that they are going to pay for it by leasing their equipment to other companies instead of puting that on the shareholders. If the latter is the case, you could expect the price to fall to .0001
also can one of the mods add me as a mod, I am literally on this board 24/7. I have a lot of stock in this company and I follow it really closely
Ill see if I can get some additional information from their investment advisor and from the company tomorrow and then let you guys know what they tell me.
There is reason to be worried just as much as there is reason to not be worried. There is reason to worry because since the beginning of december there has been several really good PR's put out but the stock keeps declining. Even when the news came out today, the stock did not even go up a little bit, it went straight down.
The reason to feel good about it is because they are going to be acquiring a lot of wells and 400 miles of pipelines. That is really good news, and if they get put on the Nasdaq, if that really happens, then this stock will be a 10 bagger, but to say that it will happen soon is an overstatement. The news just isn't here for a sudden rise of 4,000 percent.
I think once they come out with revenues or at least a research study of the company, which I know is being put together right now and will be released this month some time, then the price of the stock will rise, but not until then
still here,I guess everyone else left haha, this stock is blowing my mind. This is the second time to day the bid and ask is above the last price. Hopefully we get some more news soon!!
nope, here is a link to halts
http://www.otcmarkets.com/market-activity/suspended-symbols
This is the closest patent I can find about what they are saying that they have. Every time I try to search using Nutech energy resources, I get nothing. I also get nothing when I search the CEO's name.
https://www.google.com/patents/US9080435?dq=coalbed+methane+principles+and+practices&hl=en&sa=X&ved=0ahUKEwiPi-LjhtLJAhUJrD4KHZ33AH0Q6AEIIzAB
Here is the companies address and phone number that I was able to pull from the yellow pages.
201 W Lakeway Rd Ste 518,
Gillette, WY 82718
(307) 920-3410
So it would appear that this is a real business at least. If someone wants to call them and ask questions, by all means. Hell, they will probably even give you the patent number if you ask.
I did do that. Their address is 201 W Lakeway Rd, Gillette, WY 82718, USA and that came from their website. However, when you go to street view, there is no company listed on the sign named nutech. It may be an old picture, that is the only way to explain it.
Thats not it, that patent is old and it has lapsed. Plus it talks about injecting water and or the acid solution and then having to pump it out. NERG claims that their patent makes it so they do not have to pump the water out of the ground to get the gas out of the well.
If you guys are not going to give me the patent number, can you at least give a hint or a clue to find it?
You people are such babies on here. Yes the stock is taking a hit on bad news. Most likely from all of the people shorting it and when it does go up, it goes up fast because people are buying and the shorts have to cover their ass. However, without substantial news, this stock will not rise that far because it will not be able to push past the 30 percent of people that are shorting this stock.
and for everyone saying that the company is diluting the stock, the company must post filings if they start to sell their stock, they are not allowed to just sell stocks whenever they want without saying that they are doing that.
Like I have said before, there are probably so many shares because they are using them for acquisition of the pipelines and the wells. However, this stock is overpriced at two penies or even two pennies. The only way that they won't be overpriced is once they get a substantial amount of gas flowing, but who knows how long that may take.
This could easily be a scam, and this could easily not be a scam. No way to tell at this point. I am not biased either way. I bought at .019 and I am having my ass handed to me at the moment, so I am obviously betting that it will go up. But I am also not closed off to the fact that this might tank
haha I feel like if I ask everyone to stop bantering towards each other on this forum there will cease to be any posts haha
There are a few hurdles that we have o get over before we can start making money. The biggest hurdle that we have to get over is people selling as soon as good news comes out. But lets face it, this is a penny stock and more people are flipping trying to make quick dollars rather than holding long term. The other hurdle that we have to get over is the amount of shares that are available. There needs to be a reverse split to attract more investors into this company. The company also needs to invest more time with updating their facebook page and their website to attract more people. It goes a long way for them if they just post status updates of the wells and the people working out in the field to get the wells up to speed. Does anyone else here have anymore suggestions? I can tell you now that the investors of this company pay close attention to this page, so everyone voice your minds in a constructive way.
Also, can someone please give me the patent number, I have been searching for this patent for days and can't seem to find it
it all depends on the news, if the news comes out and says that chevron is going to buy Nutech for .10 a share, I think tomorrow will massively be in the green. But most likely, it will spike up massively and spend the rest of the day going down. Which is exactly what every stock on the Nasdaq does when good news comes out
can you send me the patent number in a private message or something, id like to take a look at it
I talked to the companies investment guy on the phone and the shares are def around 60 billion, however, a large portion of the shares are locked and can't be traded. at this point it is nor relevant because this will be a billion dollar company
It would have to be for pennies because there is 60 billion shares. 1 dollar a share would be 60 billion dollars and no one is going to be paying that much money
The thing is, the water has already been pumped in the well to get the first gas out, but after that, the companies, in the past, would have to then start pumping the water out to get the rest of the gas, but by doing that, it would kill the well. So NERG has figured out how to do it without having to pump the water that was pumped down out.
I think the news is either going to be that NERG bought the 7,000 abandoned wells and is now going to start pumping the gas out of the wells or Marathon is going to start leasing the technology from NERG to get the wells up and running again. If that is the case, the wells will start operating much faster because NERG will have the Marathon workforce behind them. OR........ Or marathon is going to buy out NERG for a lot of money at something like 10 to 16 cents a share, I would absolutely love that!!
Well if that don't send the share prices up haha the last time they said major news, it was pretty major!!
I have to ask, what does M&M stand for. Also, with as early as we all got into this stock, it is going to be a little while before we start to see the rise up that we are all wanting. I am thinking this way because there is a lot of work that needs to be done before all of the wells are operating. This equals to a lot of boots on the ground, a lot of man hours and a lot of equipment. All of which is very expensive. However, this is a billion dollar company the way that it is currently being setup. Just hold steady at this point is the best thing that we can do. It will take some time but this is the place to be right now.
Getting a little up pressure now, hopefully its more than just the shorts buying to cover
Do you think that we could get another video on NERG today?
I can't find a phone number for them, i didn't look to hard, but if you find one, please post it and I will call. Also, Some of my family has been working in the Oil Field for a long time and they have been high up in the companies they worked for. I will be getting in touch with them over the next two days to have them look into this. If they give me the green light, I will post here and there is no way I will sell
he said all of the shares were locked up and privately held and they will be used for well acquisition. Which makes sense. Those shares won't be traded, but they will have to do a reverse split to get on the nasdaq because there is a minimum price a stock must be to be listed
Just spoke with Mr. Steffan, have a few takeaways from the call.
It takes about 6 hours to setup one of the wells and as you can see from the youtube video, the setup is pretty easy. The wells are already drilled, so the hardest part is out of the way.
It takes anywhere from two to five thousand to setup one well. Thats twenty to fifty millions dollars to get all of the wells operating once labor and everything has been paid. This means that the revenue from the first year will be minus 20 to 50 million dollars but after the first year the operating costs will only be a fraction of that.
He strongly believes that this could be a billion dollar company. He also said that after the wells are operating, the share price should be around ten cents and the company will likely do a reverse split to get the price high enough to uplist.
About the 60 billion shares that everyone is talking about, he said, if I remember correctly, that 75 to 80 percent of the shares are locked up for acquisition and are not being traded.
long story short, don't listen to the people being negative here, this company is going to go to the moon once operations get rolling and once it gets on everyone else's radar, panic buying will initially drive the share prices way up before they finally settle to a good holding price.
Mr. Steffan also said that he plans to travel to Wyoming to see all of the operations and talk with the company's management. Looking forward to that report. He is a pretty nice guy, if anyone wants to give him a call and talk to him about any concerns or about the company feel free to give him a call.
702-902-2361
If CNN picked this up.....it is just a matter of time before this starts to get a lot of coverage and the big boys start moving in. That is why two things are very important for every person that is long on Nerg right now. First it is important that everyone of us start spreading the word the best we can on all kinds of sites including on all of our social media websites. Two, it is important that we do all of the research necessary, including emails and phone calls, and post the evidence here and attach a sticky note to it. That way when people start coming here they see all of the research laid out for them and they see how good of a buy that this stock is. It also will make the chance that they listen to the negative shorts sellers here much smaller. Who's with me?
Is the price going down? Yes! Is the price going down after all of this good news, yes? Does it make any sense? no. It really doesn't. But what I can't understand is all of these people that keep posting negative posts on this board when they are supposedly unconnected to this stock and sold days ago or never got in. I call bullshit. If there was a stock that I thought was a scam and it kept going down, I wouldn't even load the damn board on my computer and keep moving on until I found a good stock. So how about instead of listening to this assholes trying to make money on shorts, we just all pitch in our collective investigative skills and get all of the news and stats from this company so we can shut these negative guys up for once and for all
If you want, shoot it to me in a private message and I will take a look at it and do some research to see what its all about.