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So you have no problem with someone that has info on 6/8, unloads their shares, and THEN "shares" the info with us on 7/20?
LOL! I love that movie!
The PM route doesn't work for me here.
He aired it in public and needs to answer in public in my humble opinion.
Vic
But what about sitting on that information while he unloaded his shares? And only THEN posting it?
Thx.
With a current PE of 4.9 I may give it a "swing trade" shot now and again. Not in yet though. With earnings due 8/8/06 I might load up just before that if it gets into the 16's for a short term play.
Vic
A comptroller friend touted me on FMT as a good LT buy if interest rates stabilize.
I am terrible at bank/finance co. DD and thought I would mention it here to see if you had any feedback one way or the other.
TIA,
Vic
2C, My AOL emails come to me in "my time". My yahoo emails come to me in "senders time". If in senders time it would have been 10:50 am in us edt.
I have other concerns that I posted on the H.I.S. board.
Bottom line is that RSM researched the Russian audits and declared them to be reliable and real.
That's all I need to know. ;)))))
I think I'm pretty much screwed with Harrington and Howell.
Oh well...there's always the PGA to look forward to!
I was lucky enough to get another 20k at .125 this morning on the technical panic sell mentioned in my last post.
The confirmation by Russia to Corvette Mark that the reserves are for real makes me more bullish than ever.
Please change my tiebreaker to 275. Thx.
Picked up 10k at .155 this morning. Next bid set at .125 in case we're lucky enough to get a technical panic sell.
Nice. 2007 revs 14.4 mil to 24 mil. 2008 revs of 36 mil to 60 mil+ from this contract alone.
btw, that was me that took all the .90 stock and bidding for more. :)))
HNR, I am shorting it.
1. 68 mil due to the Venezuela I.R.S. (Seniat) any day now.
2. New production sharing agreement with Pdvsa will drop HNR's share of production from 20,000 bopd in q1 to 6400 bopd in q2.
3. EPS based on above will be about .10 to .15 per share vs CURRENT analyst estimates of .33 to .35 per share.
Q2 due on or before 8/10/06.
4. Hugo Chavez has no love for American O&G co's operating in his country and is unlikely to throw a bone to HNR. Make an example of them is more likely imho.
I normally don't short stocks but in this mkt environment I thought I would share my #1 short prospect with all of you. Target 8 to 10.
Good luck to all,
Vic
PS: Brent, thanks for the invite.
Either that or this is the fifth gas well:
"Aspen also tested one of the Forbes intervals in the recently drilled WGU #14-8 well located in the West Grimes Field, Colusa County, California at a stabilized flow rate of approximately 400 MCFPD."
http://biz.yahoo.com/iw/060628/0140097.html
Yes.
"Aspen also recently drilled and plugged and abandoned a well in the Kirk Gas Field in Colusa County, California."
http://biz.yahoo.com/iw/060706/0141808.html
Right on.
They whine, we buy. They get euphoric, we sell. Easy game plan.
Whew, you had me going for a second there!
If I'm eligible to play:
Els, Harrington, D. Howell, Mickelson, A. Scott 281
Thanks for the fun.
ASPN is a hurricane hedge stock for me. If a Cat 4 or 5 enters the Gulf, up she goes along with natgas prices.
Aspen Exploration Discovers Seventh Gas Well in 2006
Tuesday July 18, 11:14 am ET
Sacramento Valley Province, Northern California
DENVER, CO--(MARKET WIRE)--Jul 18, 2006 -- Aspen Exploration Corporation (OTC BB:ASPN.OB - News), with offices in Bakersfield, California, and Denver, Colorado, announced today a new gas well in the Sacramento Valley gas province of northern California.
The Stoddard-Johnston #1-1 well, located in the West Grimes Gas Field, Colusa County, California, was drilled to a depth of 8,700 feet and encountered 60 feet of potential gas pay in several intervals in the Forbes formation. Production casing was run based on favorable mud log and electric log responses. This was the eleventh successful gas well out of eleven attempts by Aspen on its 5,000 plus acres lease position in this field. Aspen has a 21% operated working interest in this field.
Aspen drilled seven successful gas wells out of eight attempts thus far in 2006, and nine gas wells out of ten attempts in 2005. During the last 5 1/2 years, Aspen has participated in the drilling of 43 operated wells, 37 of which were completed as gas wells, and 6 dry holes, a success rate of 86%. Aspen currently operates 54 gas wells and has non-operated interests in 20 additional wells in the Sacramento Valley of northern California.
http://biz.yahoo.com/iw/060718/0145225.html
SHY.V SHEYF.PK Allen Ranch update from HEC today:
"Allen Ranch Field, Colorado County - Texas
GEM owns an 11.25% non-operated working interest in this area. The initial well, the Hancock Gas Unit # 1, was productive in four sands and has increased its production from 2.5 million to approximately 5.0 million gross cubic feet equivalent of natural gas per day. A second well, the Hancock Gas Unit #2, was drilled and logged as productive in the same four sands as the Hancock Gas Unit # 1 well and two deeper zones were also logged as productive. During 2006, the deeper of the two zones has been fracture stimulated and produced about 5.0 million cubic feet equivalent of natural gas per day. This zone has now been shut-in to test the other productive zone in the well bore.
During the second quarter of 2006, the second zone of the Hancock Gas Unit #2 has been perforated, fracture stimulated, and tested at commercial rates. Two other zones have now been fracture stimulated and tested. Once testing is competed, a temporary bridge plug will be removed and the various horizons commingled for long-term production. Stabilized production rates should be established during the fourth quarter of 2006."
http://biz.yahoo.com/iw/060717/0144764.html
Allen Ranch update from HEC today:
"Allen Ranch Field, Colorado County - Texas
GEM owns an 11.25% non-operated working interest in this area. The initial well, the Hancock Gas Unit # 1, was productive in four sands and has increased its production from 2.5 million to approximately 5.0 million gross cubic feet equivalent of natural gas per day. A second well, the Hancock Gas Unit #2, was drilled and logged as productive in the same four sands as the Hancock Gas Unit # 1 well and two deeper zones were also logged as productive. During 2006, the deeper of the two zones has been fracture stimulated and produced about 5.0 million cubic feet equivalent of natural gas per day. This zone has now been shut-in to test the other productive zone in the well bore.
During the second quarter of 2006, the second zone of the Hancock Gas Unit #2 has been perforated, fracture stimulated, and tested at commercial rates. Two other zones have now been fracture stimulated and tested. Once testing is competed, a temporary bridge plug will be removed and the various horizons commingled for long-term production. Stabilized production rates should be established during the fourth quarter of 2006."
http://biz.yahoo.com/iw/060717/0144764.html
debelg, I can't find that info anywhere.
Link please.
I took 5k at .80 to get started. Nice market to buy the hard to get stuff.
So YOU'RE the wiseguy that aced my bid by a penny!!
I'll be long an extra 5 million shares if you're right.
Crimson, that "news" is from last year. It's how UPDA was first formed.
3 million shares o/s a year ago...what is it today?
As I said before...FGFC is ripe for a move up and mgmt is committed to raising the pps to .06+.
Go with the flow...Let the trend be your friend.
I've traded for 28 years as my sole source of income. My two rules are: Be greedy and relentless when winning and bail quick when losing.
Right now I am in greedy and relentless mode.
Newbie,
I bought 900k at .015 and will sell 1/3 at .03 to .05 and let the freebies ride.
I've done it with AURC and NDOL and will do it here.
Set a strategy and stick to it.
Always keep part of a winner just in case...
Pretty good bashers here I must say...I'll be buyin' large the next few days. No worries though, no more than 5 million shares.
Have fun patient longs,
Vic
It's not a debt. It's the offsetting entry because technically Russia owns all assets in the ground.
The deal is...anyone that mines those assets pays a 3% royalty of the gross revenue and keeps the rest. Normal income tax on the profits beyond that.
Way better than the current oil structure there. No windfall profit tax on gold.
I'm still around and adding 10 to 20k every .005 down. I still have a lot of cash laying around idle, over 300 grand, so lower is ok by me. ;)
This board and NDOL are so busy now, that I don't have time to read them 100% anymore. Just from time to time.
Best of luck to all patient longs,
Vic
Q2/06 Net income might be 5 mil+ or 12 mil+ depending on how HEC accounts for the deconsolidation of Global (GED).
HEC revenues from Gulf Energy Mgmt (GEM) should be about 5.5 to 6 mil and net income from operations about 1.5 to 2 mil. GED will be minimum 3 mil on top of that.
Main Pass 35 is pumping a lot more oil starting in April and will help offset lower natgas prices elsewhere.
Vic
From the Ibox above:
"Universal Property Development and Acquisition Corporation (formerly the successfully defunct Procore Group) specializes in the acquisition of investor's funds, and the development of freshly printed shares and stupendous press releases."
When I saw the insiders award themselves 100 million shares at .01 a few months ago that was it for me. The pps was .43 at the time...too greedy for my taste.
Agreed. Near term test of .03+ seems like a no brainer imo. Mgmt wants .06 minimum and seems committed to make it happen.
Bought another 10k at .055, bidding .05 for 10k more. FYI, GBMR is on the naked short list...probably explains the recent shake.
NNRF seems to trade by appointment. I will nibble on it if the volume ever picks up and the spreads narrow.
Picked up 900k earlier at .015. I'm in AURC at .03 and NDOL at .10. Now this one is looking ripe to move imo.
Z, email showed up fine for me in yahoo bulk folder.