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Did you guys notice this on the website: under "In the News"
Native American Energy confirms scheduled funding June 20, 2007
This was never a PR, but maybe part of one to come soon.
Thank you
Yeah, that's all I see, very quiet. Quiet before news I hope.
can someone repost or point us to the Eik post. I can find the one you are referring to. Thanks.
unfortunately management does not have any incentive for the PPS to rise. The company is buying back shares, and insider shares are locked up until 2008. So we wait.
wow, oil could really move this week.
Crude oil recovers as traders eye Venezuela
Nigeria ends its labor strike, but Venezuela raises supply concern
By Myra P. Saefong & Polya Lesova, MarketWatch
Last Update: 3:31 PM ET Jun 25, 2007
SAN FRANCISCO (MarketWatch) -- Crude-oil futures closed modestly higher Monday as news on Nigeria and Venezuela played tug of war on the oil market, pushing crude futures near a two-week low then lifting prices to a high well above $69 a barrel.
On Monday afternoon, price pressure from the end of a four-day labor strike in Nigeria gave way to developments in Venezuela, which renewed traders' concerns that efforts to nationalize of that country's oil industry may hurt production.
"It's Hugo's way or the highway," said Phil Flynn, a senior analyst at Alaron Trading. It looks like Exxon Mobil (XOMexxon mobil corp com
and ConocoPhillips COP ) refuse to agree to Venezuela's terms for projects in the Orinoco river belt, he said, citing a report from Reuters.
'It's Hugo's way or the highway.'
— Phil Flynn, Alaron Trading
"There's going to be perhaps a pulling out of [foreign oil companies] in Venezuela," he said. "That would mean that Venezuela's already decrepit oil industry will become more decrepit."
Crude oil for August delivery finished 4 cents higher for the session at $69.18 a barrel on the New York Mercantile Exchange.
Earlier, it had fallen to a low of $67.55, the contract's lowest level since June 14.
Prices for petroleum products recovered along with crude prices Monday. July heating oil added 0.44 cent to close at $2.0424 a gallon.
July reformulated gasoline closed up 1.59 cents at $2.3025 a gallon, extending Friday's 4-cent gain. Refinery unit outages remained a key concern. James Williams, an economist at WTRG Economics pointed out that U.S. gasoline supplies are 4.4% below normal, while East Coast supplies, in particular, are 15.5% lower than normal.
In a speech on Friday, President Hugo Chavez said some foreign major oil companies may reject Venezuela's demand for majority control of their heavy oil projects in the Orinoco river basin, and those firms would have to leave the country, according to Dow Jones Newswires.
Chavez' comments about kicking some "Big Oil" companies out of Venezuela may have provided some support for oil, but that "should have little impact short term as it would not change the fundamental short-term outlook," said Williams.
Chavez had been expected to sign final deals with oil companies Monday on heavy crude-oil projects in the Orinoco river belt. Six oil companies had been required to sign over stakes of up to 60% to state oil firm Petroleos de Venezuela SF by a Tuesday deadline, according to Dow Jones.
But Venezuela's oil ministry postponed Monday's signing ceremony for the new stakes to Tuesday, the news agency said.
Traders also continued to weigh news that Nigerian trade unions ended the strike over recent rises in fuel prices and value-added tax following talks with the government on Saturday, according to BBC News. Union leaders accepted the government's proposal to freeze petrol prices for at least a year at the compromise price of 55 cents per liter, the BBC reported.
"Nigerian oil exports were never disrupted and now that the government has agreed to freeze fuel prices and unions have agreed to go back to work, some of the geopolitical premium built into crude-oil prices is being extracted," said Michael Fitzpatrick, an analyst at Man Financial, in a note to clients.
Meanwhile, Shell (RDS.ARDS.A
RDS.A ) announced it will start exporting oil next month from a downed Nigerian oil terminal that had been out for more than a year, according to Fitzpatrick.
And the Organization of the Petroleum Exporting Countries should show an increase in production for the month as Iran and Angola pump more oil, he said. Read a related Commodities Corner.
Williams said oil prices should "see downward pressure" this week. Some of the risk premium associated with the general strike in Nigeria is set to disappear, last week's crude-oil stocks were at the highest level in any report since May 22,1998, and more of the almost 20 million barrels of oil stored in tankers in the Gulf of Mexico should be coming ashore, he said.
On Friday, crude futures rose 49 cents to close at $69.14 a barrel, supported by concerns that the strike in Nigeria would take longer to resolve than expected, crimping oil output there. The August contract finished last week with a gain of 0.9%.
Natural-gas prices continue lower
Elsewhere in the energy markets Monday, natural-gas extended its 10% loss from last week, with its July contract losing another 19 cents, or 2.7%, to end at $6.94 per million British thermal units. It touched $6.91, its weakest intraday level since mid-January.
The contract "continues to fall under the weight of a bearish weather forecast and burdensome supply situation," said Fitzpatrick.
Supplies are quickly approaching record levels for this time of year, and while forecasters have touted an active hurricane season this year so far, Atlantic storm activity has been relatively calm, he said.
But there "are more risks than rewards being short natural gas down at these price levels," he warned.
Among equities Friday, oil and gas stocks fell, with the Oil Service Index ($OSXPhiladelphia Oil Service Sector Index
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$OSX ) losing the most ground. See Energy Stocks.
In other commodities trading, gold futures declined, but closed off the session's worst level. See Metals Stocks.
Taking a broad measure of the commodities markets, the Dow Jones AIG Commodity Index (26099104dj aig commodity futures ind aig commod fut
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26099104 ) was down 0.4% at 170.25 points
another night of mac and cheese. no steak until this gets over a penny. lol
Good Morning, lets have a good day/week/month!
go NVMG
Thanks, I hope we get a rebound by the close. Light volume again, NVMG is held tightly. Looking forward to rig arrival.
The PPS should hold up here at .0075-.008. Looks like a good entry to me.
yes, a lot of buying for sure, but not the volume that I would like to see. There is a long solid base around .0075-.008 that will support any pull back. I'm just saying that 5 days in a row up or even calls for a cooling off. I think we look great here but do not panic if we stall out.
True Dat. I think that since we are up or even for 5 days in a row, on generally lighter volume, we are due for a pull back. I see support at .0075, that would be a tremendous buying opportunity.
I like Aurus
We are going places.
I show 1,932,800 shares traded, none since 11:49am
I don't see that.
I know, so much potenial, I think that 12K barrels a day may just be a real possibility.
AURC looking good here!
NVMG looks beautiful
HMIT starting to move!
NVMG is on the 500% gainers list too.
http://www.investorshub.com/boards/board.asp?board_id=9515
we picked up a couple boardmarks
NVMG looking strong!
.0075, starting to move now!
That's an exciting number, maybe a possibility down the road with 2 rigs and 30+ wells worked over.
Thanks curtbs, I'm expecting boy #2 any day now! Happy Fathers Day to all the NVMG Fathers out there!
If you read this board enough, you probably have. LOL
WRNW chart looking like a bottom.
http://stockcharts.com/h-sc/ui?c=WRNW,uu[h,a]daclyyay[pb50!b200!f][vc60][iue12,26,9!lc20]
Yes, oil is breaking out IMO. I see NVMG following that pattern. Hamas taking over in Gaza is big for the big picture of mideast politics and of course oil.
very nice look. And the volume that came in after forming the "head" is impressive (and telling).
Nice comparison Rocket, thanks for posting.
NTBK looks ready to move again.
I hope so too, I'm ready. Lets hear about that rig delivery and the status of the 2nd rig.
YES, let's go NTBK
Native American Energy Group Unveils New Corporate Website
Last Update: 1:15 PM ET Jun 14, 2007
FOREST HILLS, N.Y., June 14, 2007 /PRNewswire-FirstCall via COMTEX/ -- Native American Energy Group, Inc. (the "Company," or "NAEG") (Pink Sheets: NVMG), an independent, energy resource development and management company, today unveiled its redesigned website, featuring the NAEG "Tribal Empowerment Program."
View NAEG's new website @ http://www.nativeamericanenergy.com/ .
The launch of this information-rich resource coincides with Native American Energy Group's transition from a simple oil & gas company into an energy resource development and management company for America's tribal nations. The NAEG Tribal Empowerment Program has changed the way our financial partners view and assess projects with Native American tribes. For years NAEG has advocated that tribes in the U.S. should be looked at as individual countries within our borders, therefore qualifying for special programs designed specifically for underdeveloped countries.
CFO, Raj Nanvaan stated, "This change to the website was long overdue. We felt the old website was no longer representing the company properly. NAEG has evolved and the projects we are currently working on will require more interaction with various groups throughout the country and this new website makes that possible. Native American Energy Group has taken a more active role in economic development with tribes in the United States which includes more than just oil and gas development."
The redesigned website has improved the overall visitor experience. It includes several enhancements and new features to strengthen the online presence of Native American Energy Group and brings greater awareness to the plight & needs of the Native American Nations in this country.
Native American Energy Group (NAEG) is an energy resource development and management company for America's tribal nations. Based in New York and trading under the symbol NVMG, the Company specializes in the development of mineral resources & renewable energy systems in Indian Country thereby stimulating tribal communities and creating economic development.
PLEASE NOTE: The new website will require a few days for additional fine tuning. Visitors are asked to revisit the site over the next several days as certain components will change.
Safe Harbor Statement: This News Release may include forward-looking statements within the meaning of section 27A of the United States Securities Act of 1933, as amended, and section 21E of the United States Securities & Exchange Act of 1934, as amended, with respect to corporate objectives, projections, estimates, operations, acquisition and development of various interests and certain other matters. These statements are made under the "Safe Harbor" provisions of the United States Private Securities Litigation Reform Act of 1995 and involve risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements contained herein.
SOURCE Native American Energy Group, Inc.
Richard Ross, Dir. Investor Relations of Native American Energy Group, Inc., +1-800-780-8076, or ir@nativeamericanenergy.com http://www.nativeamericanenergy.com Copyright (C) 2007 PR Newswire. All rights reserved
NTBK WWWEEEEEEEEEEEEEEEEEEEEEEEEEEEE!!!!
Looking Great!!
SEC Votes To End Short-Selling 'Grandfather' Protections
June 13, 2007 11:23 ET
By Judith Burns
Of DOW JONES NEWSWIRES
WASHINGTON (Dow Jones)--The Securities and Exchange Commission voted Wednesday to
approve a change to tighten rules intended to curb manipulative short sales,
including so-called "naked" short sales.
The change eliminates a controversial exception that shielded existing short
positions from requirements to deliver hard-to-borrow shares within 13 days of
settlement. Once the change takes effect, short positions previously protected by
the grandfather clause must be closed out within 35 days.
SEC Chairman Christopher Cox said persistent failures to deliver shares sold
short seem to be due to the grandfather protections, which the SEC included in
2004 to prevent stock-market volatility. Critics complained the protections
undermined efforts to clean up abuses involving "naked" short sales.
Short selling involves sales of borrowed securities, producing profits when
prices decline. The practice is legal, but the SEC's Regulation SHO sought to
prevent "naked" short sales, in which short sellers don't borrow securities they
sell.
SEC officials said delivery failures have declined about 35% overall since
Regulation SHO took effect and have fallen about 53% for hard-to-borrow stocks
defined as "threshold" securities.
-By Judith Burns, Dow Jones Newswires, 202-862-6692; Judith.Burns@dowjones.com
(END) Dow Jones Newswires
NTBK about to take off again.