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Stocks to watch in 2010!! (IFUS) (DJRT) (MDGC) one of these could get very interesting!!
http://www.prnewswire.com/news-releases/dale-jarrett-racing-adventure-initiates-stock-buyback-62326732.html
http://www.marketwire.com/press-release/Mediag3-Inc-1094496.html
http://ih.advfn.com/p.php?pid=nmona&cb=1261650512&article=39363667&symbol=NO%5EIFUS
MDGC .0095 stock to watch!! could see some nice movement in 2010. Could come down again, in on this one .01 .0085 with buy orders in at lower prices.
MediaG3 Management Outlines Corporate Developments of 2009 and Highlights Plans for the 2010 Operating Year
Date : 12/22/2009 @ 9:00AM
Source : MarketWire
Stock : MediaG3, Inc. (MDGC)
Quote : 0.0095 -0.0001 (-1.04%) @ 4:56PM
MediaG3 Management Outlines Corporate Developments of 2009 and Highlights Plans for the 2010 Operating Year
SANTA CLARA, CA -- (Marketwire) -- 12/22/09 --
MediaG3, Inc. (PINKSHEETS: MDGC), announces today that the Company wishes to express gratitude to its loyal investors for the capital market support of the company as it prepares for exciting growth structured for 2010
MediaG3 President, Joseph Anzalone stated the following: "2009 was a turbulent year for most companies as we all struggled with the challenges of this volatile economic environment. Notwithstanding these challenges, MediaG3 made great strides in the development of its business and operating plan, which is expected to yield prosperous and exciting results in 2010."
The Company accomplished streamlining its operations for efficiency in serving the broadband markets we had previously announced, as well as positioning the Company for further expansion in 2010 to provide a powerful WiMax services platform to our portfolio of wireless technology. Our Company is poised for exponential growth in the year to come," added Mr
Anzalone
"Though the capital markets have been unpredictable, and in some respects, have resulted in a disappointing share price for investors, we believe that investors who have a longer term perspective will be accordingly rewarded as the Company continues to build momentum and the market begins to reflect its increasing value," concluded Mr. Anzalone
Below are the current corporate statistics as reported on PinkSheets.com:
-- Estimated Market Cap $8.58M as of Dec 22, 2009 -- Outstanding Shares 858,195,378 as of Dec 22, 2009 -- Authorized Shares 1,000,000,000 as of Dec 22, 2009 -- Float(shares) 259,934,822 as of Dec 22, 2009 -- Number of Shareholders of Record 170 as of Dec 22, 2009
Any questions regarding these figures can be directed to First American Stock Transfer in Phoenix, Az. at 602 485 1346
The Company recently announced that it had obtained research concluding with a buy recommendation from Cohen Independent Research Group, Inc. As reported, "We (MediaG3) expect robust revenue growth from $7.4 million in 2010 to $39.1 in 2014 representing a CAGR of 51.6%. Our model assumes the Company raises capital through equity/debt of approximately $15.0 million during this period. The Company is eligible to receive grants from the US government. Operating margins are expected to increase from 22% in 2010 to 29% in 2014. We have valued the stock using Discounted Cash Flow (DCF) method to arrive at our long-term price target of $0.086, reflecting forward P/E multiples of 12.8x and 6.8x our estimated 2011 and 2012 EPS, respectively," says Cohen Research Group
This puts the Company's value in the realm of ten times higher than its current trading range. The entirety of the Cohen Research report for MediaG3, Inc. is available on MediaG3 web site (www.mediag3.com) and Cohen Independent Research, Inc
(http://www.grassrootsrd.com/CompanyDetails.aspx?cid=40)
Furthermore, The Company reports that the China Pilot Project currently underway plan to serve 44M people in Yunnan province through our commercial operator, Yunnan Provincial Cable Company. The commercialization of MediaG3's China plan also includes an opportunity to showcase MediaG3's WiMax services platform in parts of rural China, markets which are showing substantial broadband demand and growth over the coming years
About MediaG3, Inc
MediaG3, Inc. develops, markets, and delivers broadband wireless technology products and services for today's fixed and mobile customers. MediaG3 has patent protected broadband wireless technologies and has received the US government grant and Chinese government approval for the company's China Pilot project intended to serve 900 million Chinese people in rural and interior regions. Under the brand of Imperial Wireless, MediaG3 offers Internet access and Internet telephone via fixed and WiMax mobile wireless in 19 states and over 500 cities with expansion plans into all 50 states in the US by 2010. MediaG3 is based in Santa Clara, California, with an operation facility in Boise, Idaho and an office in Shenzhen, China. For more information on the company, please visit www.mediag3.com
Safe Harbor Act: This release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 6-K or 20F and other filings made by such company with the SEC
For additional information, please call: Daniel Baldridge President Gibraltan Financial phone: 407.830.9777
DJRT .05 stock to watch!! stock buyback plus revenue increase, expands market awareness programs, opens canadian market, 2010 could be interesting!! Could come down again, in on this one .055 .04 with buy orders in at lower prices.
Dale Jarrett Racing Adventure Initiates Stock Buyback
HICKORY, N.C., Sept. 28 /PRNewswire-FirstCall/ -- Dale Jarrett Racing Adventure, Inc. (OTC Bulletin Board: DJRT), a "Full Throttle" lifetime experience company, today announced that its Board of Directors has approved and initiated a stock buy-back program. Unlike the company's previously announced stock repurchases, the current program involves purchasing DJRT shares in the open market. Purchased shares will be held in the corporate treasury.
The company further discloses that over the past two months, Dale Jarrett Racing Adventure CEO, Tim Shannon has personally purchased 255,000 shares of its publicly traded stock in the open market. Additionally, at least one other member of the company's Board of Directors has also begun purchasing DJRT stock in the market as well for his own account. To date, the company has repurchased and retired a total of 855,000 shares of its common stock.
Commenting on the stock purchase program, Shannon said, "Through diligence and solid business practices, Dale Jarrett Racing Adventure has avoided any significant downturn during the recent recession. With cash in the bank and positive cash flow stabilized and growing, the board and I felt that the best use of our surplus capital, the one that would most directly benefit all shareholders, would be to begin repurchasing our common stock at what we consider bargain prices.
"It would be inappropriate and counterproductive to disclose a specific target price or time table for this buyback program as we will be competing in the public market for shares but we do expect the program to continue for the next several months. Our overall intent is to purchase all the equity in our company that can be acquired at a price below what we believe to be the fair market value of our combined operating entities. We plan to review our results after the first of the year with an eye toward extending the buy-back program further if the stock price justifies it. We will keep the market informed on our progress with periodic announcements and are reviewing the feasibility of disclosing our purchases on our website as well." The company's website is located at http://www.RacingAdventure.com.
Forward-Looking Statements
Certain of the statements contained in this press release contain forward-looking statements that involve a number of risks and uncertainties. Such forward-looking statements are within the meaning of that term in Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Dale Jarrett Racing Adventure, Inc. has based these forward-looking statements on its current expectations and projections about future events, based on the information currently available to it. The forward-looking statements contained in this press release may also include statements relating to Dale Jarrett Racing Adventure's anticipated financial performance, business prospects, new developments, strategies and similar matters. Dale Jarrett Racing Adventure disclaims any obligation to update any of its forward-looking statements, except as may be required by law.
Contact:
Tim Shannon
(888) 467-2231
SOURCE Dale Jarrett Racing Adventure, Inc
IFUS .02 stock to watch!! its day might happen at one point, could
come down again. In on this one at .015 with buy orders in at lower prices. Going into the health products to me is a big plus.
Impact Fusion International Completes Highly Successful Market Test of Intact Digest in Retail Stores
Date : 09/08/2009 @ 6:30AM
Source : MarketWire
Stock : Impact Fusion International, Inc. (IFUS)
Quote : 0.02 0.0 (0.00%) @ 8:53AM
Impact Fusion International Completes Highly Successful Market Test of Intact Digest in Retail Stores
DEERFIELD BEACH, FL -- (Marketwire) -- 09/08/09 --
Impact Fusion International (PINKSHEETS: IFUS) announced today it has successfully completed a limited geographic market test for Intact Digest(TM) with several retail vitamin stores re-ordering on a monthly basis. Sales volumes continue to increase based on a page advertisement in LifeExtension magazine and a 30 minute weekly local radio broadcast which can be heard at www.intactnutrition.com
"This validates the customer acceptance of the Intact Digest(TM) product with Nutri-Mastic(TM). Our management team is in the process of developing and advertising co-operative programs for new distribution on a region by region market basis as we expand our distribution throughout North America," stated Peter Versace, President
"Our management team has reached its targets under budget and ahead of schedule," stated Marc Walther, CEO. "To date we have accomplished the following:
-- Created new packaging with newly designed labels
-- Launched our new E-commerce website
-- Contracted with award winning fulfillment company, Mercury Fulfillment for distribution to wholesale and retail customers
-- Developed new suppliers with 13 new products using Nutri-Mastic(TM) for a $63 billion wellness market
-- Entered a $700 million energy shot market with Mastic Blast(TM) with the guidance of Boost Management, LLC which has vast experienced in the energy shot market
-- Developed an energy protein drink while securing an endorsement from Ken Davidson, retired NFL star, for Intact Sports and Fitness products
-- Ordered inventory that moves us to profitability
-- Filed current financials and successfully restructured the corporation with a viable business plan that will provide a strong future in the health and wellness market sector."
About Intact Nutrition(TM) Brands
Intact Nutrition(TM) with Intact Minerals is in a liquid form of Ionic Trace Minerals formulated with Mastic Gum. Although the body manufactures some vitamins, it cannot manufacture a single mineral. All tissue and internal fluids contain quantities of minerals which are vital to our physical "Health and Wellness." Muscle and nerve functions are electrical and we need the right mix of minerals to support that activity. With minerals in widespread distribution though out the metabolic workings of the human body, trace minerals are integral to the functioning of one of the body's largest organs systems, the muscles. Without these vital nutrients, it would be impossible for the muscles of the human or animal body to function. The stomach muscles rely on these minerals for the electrical impulses that enable them to perform at their best. The pharmacology and medicinal use of mastic is diverse. It is thought to have anti-microbial properties and Columbus believed it was a cure for cholera
The Gum Mastic Grower's Association lists over 60 uses for mastic including its use in the treatment of duodenal ulcers, heartburn, and its anti-cancer properties and extolling its aphrodisiac effects. Studies also document its use as an antioxidant, and for treatment of high cholesterol, Crohn's disease, diabetes, and hypertension. However, clinical trials to support these uses are limited. The Egyptians are known to have used Mastic resin used as a preservative and a breath sweetener. Mastic oil was mentioned by Dioskourides in ancient Grecian times and by Christopher Columbus in 1493
Mastic resin is still used as a flavoring in some Greek alcoholic beverages (eg, retsina wine) and in chewing gum from Chios. Mastic Gum aids in the conversion of ammonia to the urea filtering system in the blood and promotes the formation of Bifidius bacteria in the digestive system
About Impact Fusion International Inc
Impact Fusion International, Inc. is in the business of marketing products in the "Health and Wellness" sector of all international markets. It is the company's mission to invent, develop and market these proprietary products worldwide for the health and well being of humans and animals
VOD Newswire Video Format: http://vodnewswire.com/vodnewswire/news/impact-fusion-20090908/
This release may include projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurances that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release
Contacts: Impact Fusion International Inc
1-866-716-6668 www.impactfusionintl.com
Premier Media Services Kelly Black President 480-649-8224
IFUS .02 could get very interesting!! once the dust settles.
Impact Fusion International Announces Its Intact Nutrition Brand Is Poised to Launch Thirteen New Products Featuring Its Nutri-M
Date : 07/15/2009 @ 9:15AM
Source : MarketWire
Stock : Impact Fusion International Inc. (IFUS)
Quote : 0.02 0.0 (0.00%) @ 8:53AM
Impact Fusion International Announces Its Intact Nutrition Brand Is Poised to Launch Thirteen New Products Featuring Its Nutri-M
DEERFIELD BEACH, FLORIDA -- (Marketwire) -- 07/15/09 --
Impact Fusion International (PINK SHEETS: IFUS) announced today it is launching thirteen (13) new products, all of which contain the Company's Nutri-Mastic(TM) formula. The product line, created under our health and wellness banner features an original sports nutrition powdered drink, in a variety of flavors. The sports nutrition drink is a fortified Sports and Fitness Beverage that is high in electrolytes, amino acids, vitamins, mineral and anti-oxidants which all support energy, lean muscle growth, maximum muscle performance, hydration and recovery. The drink also features Nutri-Mastic(TM) which assists in the conversion of the amino acids and supports nitrogen absorption while at the same time offers overall digestive and immune system support
"The management team and staff are proud of the complete rebranding of our core line of products under our Intact Nutrition brand. I am confident that the launch of these newly branded products will quickly move us to a revenue stream that is expected to make the Company profitable in a very short time frame " said Marc Walther, CEO
Each of the new products will be showcased in the Company's new interactive ecommerce website that will be launched in the first week of August
About Intact Nutrition Brands
Intact Nutrition with Nutri-Mastic is in a liquid, capsule, powder and beverage form of a proprietary blend of Ionic Trace Minerals formulated with Mastic Gum. Although the body manufactures some vitamins, it cannot manufacture a single mineral. All tissue and internal fluids contain quantities of minerals which are vital to our physical "Health and Wellness."
About Impact Fusion International Inc
Impact Fusion International Inc is in the business of marketing products in the "Health and Wellness" sector of all international markets. It is the Company's mission to invent, develop and market these proprietary products worldwide for the health and well being of humans and animals
This release may include projections of future results and "forward-looking statements" as that term is defined in Section 27A of the Securities Act of 1933 as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934 as amended (the "Exchange Act"). All statements that are included in this release, other than statements of historical fact, are forward-looking statements. Although management believes that the expectations reflected in these forward-looking statements are reasonable; it can give no assurances that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the expectations disclosed in this release, including, without limitation, in conjunction with those forward-looking statements contained in this release
Contacts: Impact Fusion International Inc
1-866-716-6668 www.impactfusionintl.com
Premier Media Services Kelly Black President 480-649-8224
IFUS .02 lottery play!! squeeze trigger price .066 one to watch!! got in this one couple days ago for a starter at .015
Impact Fusion International (IFUS) SqueezeTrigger Price Is $0.066; Approximately 1.8 Million Shares Shorted Since June 2009 Acco
Date : 12/01/2009 @ 9:34AM
Source : MarketWire
Stock : Impact Fusion International, Inc. (IFUS)
Quote : 0.02 0.005 (33.33%) @ 8:25AM
Impact Fusion International (IFUS) SqueezeTrigger Price Is $0.066; Approximately 1.8 Million Shares Shorted Since June 2009 Acco
MARGATE, FL -- (Marketwire) -- 12/01/09 --
Impact Fusion International (PINKSHEETS: IFUS) announced today that BUYINS.NET, www.buyins.net, is re-iterating coverage of Impact Fusion International after releasing the latest short sale data to November 2009. From June 2009 to November 2009 approximately 23.5 million total aggregate shares of IFUS have traded for a total dollar value of approximately $1.55 million. The total aggregate number of shares shorted in this time period is approximately 1.8 million shares. The IFUS SqueezeTrigger price of $0.066 is the volume weighted average short price of all short selling in IFUS. A short squeeze is expected to begin when shares of IFUS close above $0.066. To access SqueezeTrigger Prices ahead of potential short squeezes beginning, visit http://www.buyins.net
In late October 2009 the SEC updated Regulation SHO requiring that all short sellers must locate, borrow and deliver any shares they have shorted, no exceptions, by T+3 settlement date. If not, a buy-in must be forced by the broker dealer that the short seller transacted through by the opening of the market on T+4. Since a company first appears on the naked short list when short sellers have been failing to deliver for 5 consecutive trading days, IFUS should theoretically never be on the naked short list
BUYINS.NET will monitor the OTC naked short list daily and issue an alert and notify the SEC and FINRA should short sellers fail to deliver and IFUS appears on the exchange's Threshold Security List
About Impact Fusion International
Impact Fusion International, Inc. is in the business of marketing products in the "Health and Wellness" sector of all international markets. It is the company's mission to invent, develop and market these proprietary products worldwide for the health and well being of humans and animals
VOD Newswire Video Format: http://vodnewswire.com/vodnewswire/news/impact-fusion-20091201/
About BUYINS.NET
WWW.BUYINS.NET is a service designed to help bonafide shareholders of publicly traded US companies fight naked short selling. Naked short selling is the illegal act of short selling a stock when no affirmative determination has been made to locate shares of the stock to hypothecate in connection with the short sale. Buyins.net has built a proprietary database that uses Threshold list feeds from NASDAQ, AMEX and NYSE to generate detailed and useful information to combat the naked short selling problem. For the first time, actual trade by trade data is available to the public that shows the attempted size, actual size, price and average value of short sales in stocks that have been shorted and naked shorted
This information is valuable in determining the precise point at which short sellers go out-of-the-money and start losing on their short and naked short trades
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the SEC
Contact: Impact Fusion International, Inc
1-866-716-6668 www.impactfusionintl.com
Premier Media Services Kelly Black President 480-649-8224
3 Stocks!! For 2010 Guess Again!! Big Gains!! Be back after midnight!! I have been buying these 3 stocks as time allows!! Please use your own best judgement, and you can lose, some or all mof your money!!
Clay MDGC Please!! I am not the best on charts!! but my gut says this one will go over time!!
MDGC .009 Next 10 Bagger!! Maybe!! Please Read!! will be back after midnight, to give you my best guess!! I am shure you can go back and check all my posts! I post all my buys and sells in my posts. My gains have been from 100% to 300% and over and yes I do have some stocks with little loss that I do get out of thank god in time!! I call that luck and nothing more!! I can hold on to a stock for a long time if I feel it will come around. MDGC could be this 10 bagger in 2010 but might have to come down some more before the run!!
MDGC added today at .0085 Mediag3 Inc.
ALNS closed out for 100% today still holding on to some. Atlentus Corp.
closed out today!! was in this one at .013 while back took small loss and moved on sold some yesterday at .01 out for the weekend.
DKAM added at .025 today!!
I see pink sheets changed it nov.13 had seen short interest was off dated nov.24 oh well!!
In (MDGC) at .01 reasons? here is why? got off short interest list for now, yesterday according to pink sheets, 68 employees, low float, check out gap between june and july getting close to getting filled, and yes could retest the lows again .006 most stocks can go down further after they are off the list. Plus they are launching their wireless broadband to a lot of areas, you might want to put this one on your radar!!! Took a starter position today. (Mediag 3 Inc.)
Still Holding!! My Bets Are On Higher Gas prices down the road!!
If this stock is true to their word, in all their press releases
and is bounding to all their says. Even if it does go down, at some point it could surprise us all!! down the road. In on this
one at .013 I post all my buys and exits in my posts on all stocks I buy. I am fortunate I can afford to hold on to a stock for a long time if I feel it might go up.
DKAM Needs A Shot Of Vodka!! And Beer!! Expecting one more drop to lower levels!! before a 200% bounce and more. Just my opinion
only!! and I can be wrong!! Have buy orders in at lower prices!!
Drinks America Hldg.
I Did Say by the chart!! But!! If you look real close!! you will notice something that sticks out!! at the 10 month level!! that is often missed!! I could be wrong, no one is perfect!! just a wild hunch!!
To buy Or Not To buy Your Choice!!! A lot of people have been hurt!! buying in at higher levels!! I have been at that point on stocks over the years, been hit like everyone else. I post all my buys and exits, in all my posts. I added again today at .04 I could tell you just about why the stock has been trending down!! in a wild guess!! and who has been selling on and off!! will it go lower could be!! but when it decides to run it will!! and good!! I do not respond to a lot of posts, have my own reasons over the years!! If I lose on this one it is my money, and my choice!! and if it does hit .25 next year I will come back and tell you what made me think that!! By the chart!!
DKAM Added Here at .04 Today!!
Michigan Brewing Co. Makes Kid Rock Beer Interesting!!!
http://www.michiganbrewing.com/
DKAM .04 Gotta Bounce Sometime!! One To Radar!! Drinks America Hldg.
DKAM .043 Possible Bounce At some Point!! Might want to radar this one. Drinks America Hldg.
Added Wild Pincher Play Today!! In .043 DKAM Drinks America Hldg. today, with more possible downside to come?
Get Ready To Pay more At The Pump? have to wait to see what happens?
http://www.msnbc.msn.com/id/21134540/vp/33493972#33493972
Sorry!! Forgot To say Thank You!! Take Care!!
AOGN .015 Nice Volume Yesterday!! Could Get Interesting!!
Oil Price.Net Another Interesting Part To Read Is below part of article by Steve Austin 10-21-09. (AOGN is producing now, not much waiting for this one.)
Of course as petroleum prices go up, oil exploration ventures will resume but these are long-term projects. Much like it takes nine months to make a baby no matter what, it sometimes takes several years for a new oil field to start producing. Short term this bodes well for oil exploration companies such as Transocean. Expect their business to grow for the next few years as oil companies scramble to meet demand.
OPEC Sees Oil Demand Rising In 2010 Just some more reading for you, this article is a little older, was found on AOL Money & Finance Dated 10-13-09
OPEC Sees Oil Demand Rising in 2010
AP
posted: 13 DAYS 4 HOURS AGOfiled under: Financial Crisis, Crude Oil Prices -OPEC says world oil demand is projected to grow by almost 1 percent in 2010 amid improvements in the global economy.
In its October Monthly Oil Market Report released on Tuesday, the 12-nation group that supplies over 35 percent of the world's oil said demand was expected to grow by 700,000 barrels per day to average 84.9 million barrels per day.
That represents a 200,000 barrel per day upward revision from the Organization of the Petroleum Exporting Countries' report in September.
OPEC says "the world economic picture is getting better than anticipated" and that improvements in the economic performance of China and advanced economies "is expected to be better than earlier forecast."
I Like this Part From Opec This Morning!!! This article was on Yahoo finance news this morning, in other words Opec will probally let it ride up to $100 a barrel before doing anything, its only around $80 a barrel right now. part I like is below then the full story.
OPEC will lift supply to protect the global economic recovery at a meeting in December if oil prices rise to $100, Jose Botelho de Vasconcelos, the group's president, said on Sunday.
Oil falls to around $80 on recovery concerns
On 6:37 am EDT, Monday October 26, 2009
Oil fell for a third day to around $80 a barrel on Monday, extending its retreat from last week's one-year high, on renewed concerns about the strength of the global economy.
Weak U.S. industrial sector earnings last week pushed down stock markets and underscored concerns about the pace of the U.S. economic recovery and its impact on energy demand.
"It's profit-taking after the surge in the past week without any change in fundamentals," said Carsten Fritsch, analyst at Commerzbank, of the price fall.
"There's more bearish factors than there is support from financial markets," he said, adding that oil could quickly resume its rally given more support from outside factors such as equities.
U.S. crude for December delivery fell 32 cents to $80.18 by 1021 GMT (6:21 a.m. EDT), having earlier fallen as low as $79.57. It reached a 2009 high of $82.00 on October 21. Brent crude fell 17 cents to $78.75.
"The market is cautious about pushing oil prices higher because the demand fundamentals are still weak and the world economy is still fragile," said Ryuichi Sato, an analyst at Mizuho Corporate Bank.
Adding to bearish sentiment, Nigeria's main militant group reinstated a ceasefire on Sunday in the oil-producing Niger Delta to allow for peace talks with the government.
Attacks on oil installations by the Movement for the Emancipation of the Niger Delta (MEND) have cut output in the major oil exporter for the last three years.
The dollar weakened against a basket of currencies, offering some support for oil (^DXY - News). A Chinese report saying Beijing should increase its holdings of euros and yen in its foreign reserves knocked the U.S. currency.
China was again the bright spot for the global economic outlook, following comments by Vice Premier Li Keqiang that the country's economic recovery has consolidated after having performed better than expected.
Its strong economic growth was reflected in a 12.5 percent year on year jump in implied oil demand, the sixth rise in a row and first double-digit growth since August 2006.
The earnings season continues this week, offering more clues about the strength of economic recovery.
Energy, telecom and consumer goods companies will be in the spotlight with Exxon Mobil (NYSE:XOM - News), Chevron Corp (NYSE:CVX - News), Verizon Communications (NYSE:VX - News) and Colgate-Palmolive (NYSE:CL - News) among the companies due to report.
The oil price rally has caused some concern within the Organization of the Petroleum Exporting Countries, prompting some officials to raise the prospect of increasing its oil output.
OPEC will lift supply to protect the global economic recovery at a meeting in December if oil prices rise to $100, Jose Botelho de Vasconcelos, the group's president, said on Sunday.
(Additional reporting by Fayen Wong, Editing by William Hardy)
Take Care Out for the Weekend
I Am Wishing Us A good View Ahead!!
Every One Has Different Views On Energy Prices!!
Here Is Something Else That Is Very Interesting!!! on SmallcapInvestor.Com I do not subscribe to any of
these articles just scan various articles. Part is below.
•Oil has doubled in the past six months despite one of the worst recessions in living memory. Where do you think oil price will go once the recovery really hits its stride?
•The majors like Exxon Mobil and BP are fine investments, but to really enjoy outsized returns it's the smaller “E&Ps” you want.
Remember the $4.00+ gas from last year? It's coming again
Found This Article On SmallCapInvestor.com Very Interesting!!
Do I have a position in this one yes!! a nice one. Article is below.
Why $80 a Barrel is Now the Support Level for Oil
Ian Wyatt
On 5:12 pm EDT, Thursday October 22, 2009
Buzz up! 0 Print.Companies:American Oil Gas Inc.
Yesterday, oil rallied to close above $81 a barrel, the first time the precious commodity has hit that level in 2009. Oil prices gained momentum after the U.S. government released a report showing that crude inventories rose by half a million barrels fewer than expected.
The rise in oil prices, and many other commodities prices for that matter, has many wondering if the market is too bullish given that economic growth is uncertain. Plus, much of the rise in oil has come on the back of a falling dollar.
You’ve probably heard that renewably energy sources like wind and solar will reduce the demand for oil. Government programs that incentivize their use have worked in places like Brazil. But overall, they haven’t slowed the relentless rise of oil prices.
While these factors might make the rise in oil prices seem unsustainable, it’s more likely that normal supply and demand relationships will resume when the economy gets back on track. In other words, higher prices are coming. Peak oil (the point when the world reaches a maximum rate of petroleum extraction, after which production will always be declining) adds an interesting dimension as well. Some experts think we’re past this point, some think it won’t arrive until 2020.
The bottom line is this: Oil is going higher. It might not be tomorrow, it might not be next week, but its upward trend is unmistakable.
One of my favorite authors on the economics of limited resources is Herman Daly.
Herman E. Daly was a Senior Economist in the Environment Department of the World Bank before he became a professor at the Maryland School of Public Affairs. You may be familiar with him from the journal, Ecological Economics. He is co-founder and associate editor.
Daly eloquently lays out a bullish case for scarce resources, such as oil, that is difficult to deny. He points out that there’s absolutely no way we can generate more fossil fuels. We’d have to be immortal and extremely patient, because it takes several million years for geological forces to “make” new oil supplies.
One of the beautiful things about properly functioning markets is that they efficiently allocate resources. However, markets don’t determine sustainable scale. In the U.S., for example, individuals use more oil than we need to. In China, on the other hand, smaller vehicles and less driving time mean each individual is essentially rationing his or her use. Oil use in the U.S. is practically a cultural truth. And it would take government action to change it. Governments the world over are not rationing use of fossil fuels.
Daly notes that we can’t control the supply of oil, but we could control our rate of use. Unfortunately, the government isn’t taking the lead in either case.
Whether you think we are near, at, or past peak oil is irrelevant. Oil is becoming increasingly scarce and the rate of adoption of alternatives is nowhere near strong enough to replace the increasing oil demand. The discrepancy is more exaggerated in emerging markets then it is here in the U.S. Investors will continue to put a premium on oil.
I’m bullish on oil. And small-cap oil stocks can be expected to outperform the big integrated oil companies. As the price of oil goes higher, oil that’s not economical at lower prices suddenly becomes attractive. Valuations for small companies can change quickly.
AOGN .015 Something Could Be Up!!! Found This article on oil and gas prices. Avalon Oil & Gas are producing oil and gas now with a good increase in volume expected to come!!! A stock for all to check out over the weekend. This article was found on SmallCapInvestor.com
Why $80 a Barrel is Now the Support Level for Oil
Ian Wyatt
On 5:12 pm EDT, Thursday October 22, 2009
Buzz up! 0 Print.Companies:American Oil Gas Inc.
Yesterday, oil rallied to close above $81 a barrel, the first time the precious commodity has hit that level in 2009. Oil prices gained momentum after the U.S. government released a report showing that crude inventories rose by half a million barrels fewer than expected.
The rise in oil prices, and many other commodities prices for that matter, has many wondering if the market is too bullish given that economic growth is uncertain. Plus, much of the rise in oil has come on the back of a falling dollar.
You’ve probably heard that renewably energy sources like wind and solar will reduce the demand for oil. Government programs that incentivize their use have worked in places like Brazil. But overall, they haven’t slowed the relentless rise of oil prices.
While these factors might make the rise in oil prices seem unsustainable, it’s more likely that normal supply and demand relationships will resume when the economy gets back on track. In other words, higher prices are coming. Peak oil (the point when the world reaches a maximum rate of petroleum extraction, after which production will always be declining) adds an interesting dimension as well. Some experts think we’re past this point, some think it won’t arrive until 2020.
The bottom line is this: Oil is going higher. It might not be tomorrow, it might not be next week, but its upward trend is unmistakable.
One of my favorite authors on the economics of limited resources is Herman Daly.
Herman E. Daly was a Senior Economist in the Environment Department of the World Bank before he became a professor at the Maryland School of Public Affairs. You may be familiar with him from the journal, Ecological Economics. He is co-founder and associate editor.
Daly eloquently lays out a bullish case for scarce resources, such as oil, that is difficult to deny. He points out that there’s absolutely no way we can generate more fossil fuels. We’d have to be immortal and extremely patient, because it takes several million years for geological forces to “make” new oil supplies.
One of the beautiful things about properly functioning markets is that they efficiently allocate resources. However, markets don’t determine sustainable scale. In the U.S., for example, individuals use more oil than we need to. In China, on the other hand, smaller vehicles and less driving time mean each individual is essentially rationing his or her use. Oil use in the U.S. is practically a cultural truth. And it would take government action to change it. Governments the world over are not rationing use of fossil fuels.
Daly notes that we can’t control the supply of oil, but we could control our rate of use. Unfortunately, the government isn’t taking the lead in either case.
Whether you think we are near, at, or past peak oil is irrelevant. Oil is becoming increasingly scarce and the rate of adoption of alternatives is nowhere near strong enough to replace the increasing oil demand. The discrepancy is more exaggerated in emerging markets then it is here in the U.S. Investors will continue to put a premium on oil.
I’m bullish on oil. And small-cap oil stocks can be expected to outperform the big integrated oil companies. As the price of oil goes higher, oil that’s not economical at lower prices suddenly becomes attractive. Valuations for small companies can change quickly.
In NUBL Today at .021 Numobile!!
AOGN .014 This Stock Could Really Move!! If oil and gas prices continue to surprise us!! Producing oil and gas already and more to come!! seems way undervalued!! for a stock at these prices. Not well known yet to many, but very well one day could be!! Avalon Oil & Gas
"So far the path of recovery has surprised to the upside," Barclays Capital said in a report. "The groundwork for a sustainable move into higher price ranges has been laid."
http://finance.yahoo.com/news/Oil-holds-above-81-as-global-apf-2180073062.html?x=0&sec=topStories&pos=main&asset=&ccode=
AOGN .014 This Stock Could Really move!! If oil and gas continue to surprise us!! Producing oil and gas already, and more to come, seems way undervalued!! for a stock at these prices. Not known to many but one day could be well known!! Avalon Oil & Gas
"So far the path of recovery has surprised to the upside," Barclays Capital said in a report. "The groundwork for a sustainable move into higher price ranges has been laid."
http://finance.yahoo.com/news/Oil-holds-above-81-as-global-apf-2180073062.html?x=0&sec=topStories&pos=main&asset=&ccode=
DJRT .055 Stock Buyback!! Revenues Up!! Could Be a very good sign!! for higher prices at some point!! Well worth putting on Radar!!
The company further discloses that over the past two months, Dale Jarrett Racing Adventure CEO, Tim Shannon has personally purchased 255,000 shares of its publicly traded stock in the open market. Additionally, at least one other member of the company's Board of Directors has also begun purchasing DJRT stock in the market as well for his own account. To date, the company has repurchased and retired a total of 855,000 shares of its common stock.
http://ih.advfn.com/p.php?pid=nmona&cb=1256234386&article=39657215&symbol=NB%5EDJRT