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LU...sold today, small profit, too much negativity for now.
http://www.thestreet.com/_yahoo/pom/pomsut/10240795.html?cm_ven=YAHOO&cm_cat=FREE&cm_ite=NA
Czech, if the board only wants positive "facts", then I guess delete all my posts. I'm just justifying my opinion that it's not a buy and hold stock. I think others' DD posted gives a slanted picture, you have to look at the good and the "bad".
Last 10K:
"Oil sales:
Oil sales increased $33,363, or 100%, to $40,010 for 2004 from $6,648 for 2003. Prior to electing BDC status and transferring oil and gas assets to a majority-owned investee, the Company previously sold crude oil under short-term agreements at prevailing market rates. Until February 20, 2003, the Company was actively seeking oil and gas leases for acquisition and operation and had no sales."
Czech, no, I don't own the stock now. I think it's just a momo play and not a long term hold. Sorry, the past history of a company is very important, IMO, if the management hasn't changed. Switching to a "Business Development Company" just makes it easier to dump shares and hide what the non-reporting companies are doing, IMO. Do you have any figures at all on AMEP's yearly O&G production since 2002?????
I think the next spike will be some news on the drilling rig, either refurbishing or moved on site, but the spike may be held back by the increasing OS which can't be determined until the next filing. I'll post when/if I buy.
beigledog, no I don't own any (EGLF), just been following it since Huggums mentioned it.....
Want a Wedgie....
Element 21 Finalizes Lineup of Wedges
Monday September 12, 4:07 pm ET
IRVINE, CA--(MARKET WIRE)--Sep 12, 2005 -- Element 21 Golf Company (E21) (OTC BB:EGLF.OB - News) announced today that it has completed the design phase of its innovative new line of wedges. The wedges will include 52 degree, 56 degree and 60 degree models that will feature the revolutionary new Eagle One shafts made from E21's new Scandium alloy. Tooling for commercial production is well underway. A preview of the new clubhead designs is available at www.e21.ca/media/e21_wedges.php
The wedges use E21's patented new Contact Signature Tuned system (CST SystemTM) which uses advanced proprietary software to calculate and match the club head performance to E21's advanced scandium metal alloy shafts to provide optimal head responsiveness. Through an optimum balance of launch angle and spin rate, E21 has developed easy-to-hit wedges that provide superior feel, improved accuracy and unmatched consistency from club to club. These wedges with the E21 shafts will offer players a greater spin rate with a higher launch angle enabling them to stop the ball on the green.
A unique muscle back design, with Twin Peaks elongated on the center axis of the club back, offers a solid feel with an extremely consistent ball flight and trajectory. This peaked muscle back design actually raises the center of gravity behind the sweet spot for more carry distance on center hit shots. This design acts to focus the transfer of energy into the sweet spot of the club face. An additional benefit from the element gated Twin Peaks design is its ability to track straight through sand or turf by controlling the displacement of the ground beneath the club as contact is being made with the golf ball.
The weighted sole plate affords the capability to cut through even the worst rough, and get the ball up in the air. Simultaneously, the leading edge radius ensures a true contact signature with the ball even from a poor lie.
"Based on the extensive player testing we have performed, we are confident that our new wedges will become a valued addition to many player's bags,'' stated Jim Morin, Executive Vice President in charge of Product Development. "The pinpoint accuracy of our wedges coupled with their tremendous feel will certainly lead to improved scoring. Players change wedges frequently, and as such, our wedges could become E21's market leader in delivering news of the Scandium performance advantages faster and to a broader audience."
According to industry sources, the market for wedges is nearly $100 million, out of about $4.5 billion spent on golf equipment annually.
E21 is also pleased to introduce a new system of measuring accuracy by measuring the statistical average landing area of the ball around the target, much like shots in or around a bull's-eye. By measuring the landing area and final placement of golf shots hit by a robotic arm, the bull's-eye approach gives a meaningful insight into the accuracy and consistency of a given club being tested. The average dispersion off-center is multiplied by an average dispersion along the center line to give the landing footprint measured in square feet. In recent tests using identical club heads and comparing scandium metal alloy shafts to popular leading alternatives, the E21 scandium metal alloy shaft's landing area was 250% smaller than that of competitive shafts.
Simply put, the E21 shafts provide the lowest level of dispersion available. This translates to real world results on the golf course where players can expect to land closer to their intended target because they are hitting the most accurate and consistent golf club on the market.
About Element 21:
Element 21 is relying on its experience working with advanced scandium metal alloys to introduce this unique space-age material to the golf industry. Scandium alloys were originally developed for applications in aeronautics: MiG series fighter jets and leading edge missile applications, as well as the International Space Station.
Scandium metal alloy clubs represent the first new innovation in material composition of golf clubs to hit the industry in decades. Scandium not only provides significant increases in distance, but more importantly, added accuracy and consistency. Due to their advanced composition, coupled with numerous design innovations, these clubs will offer improved feel while reducing shock transfer to the player's hands.
E21 scandium metal alloy clubs -- experience the material difference!
Forward-Looking Statements
Statements in this release, other than statements of historical fact, may be regarded, in certain instances, as "forward-looking statements" pursuant to Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934, respectively. "Forward-looking statements" are based on expectations, estimates and projections at the time the statements are made that involve risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. There can be no assurance that such statements will ever prove to be accurate and readers should not place undue reliance on any such "forward-looking statements" contained herein.
Media members interested in testing shafts or the E21 Scandium Performance System clubs for an editorial review or receiving further information please contact:
The Media Group
Joe Wieczorek or Bart Henyan
(847) 956-9090
joe@themediagroupinc.com
barthenyan@hotmail.com
Contact:
Contact:
Element 21 Golf Company
(800) 710-2021
http://www.E21Golf.com
Investor Information
949-480-9697
investors@e21golf.com
--------------------------------------------------------------------------------
Source: Element 21 Golf Co.
No wonder....Does he get lunch money too??? Effective July 1, 2003, the Company entered into a salary and equipment rental agreement with its president and sole director. Under the terms of the agreement, the Company will pay a salary of $10,000 per month and $3,500 in equipment rental per month for the use of the Company’s president’s personal pickup truck, car, pulling unit, winch truck, backhoe and water truck used in the field operations. Additionally, the president and sole director has from time to time, advanced expenses of the Company from his personal funds. At December 31, 2003, the accrued balance owed to the president and sole director was $220,455. During the year ended December 31, 2004, the Company accrued $162,000 of expense related to the salary and rental agreement, composed of $120,000 for compensation and $42,000 for equipment rental fee. Additionally, the president and sole director advanced $26,270 of funds on behalf of the Company and the Company repaid $305,000 resulting in an accrual balance of $92,725 as of June 30, 2005, classified as a component of Due To Related Parties in the accompanying Financial Statements.
2002??? And they still can't make a profit????
American Energy Production, Inc. Announces First Oil and Gas Lease Acquisition
SAN ANTONIO, Texas, June 25, 2002 (PRIMEZONE) -- American Energy Production, Inc. (OTCBB:AMEP) announces the Company has placed in escrow with the Corporation Lawyer the acquisition agreement with Proco Operating Co. Inc., a Texas oil and gas operator. This escrow agreement is the final stage of negotiation for American Energy Production, Inc. to acquire all of Proco Operating Co. Inc.'s oil and gas leases and related oilfield equipment. These oil and gas leases cover 3,000 plus acres and have a long history of production from several producing horizons. The Marble Falls formation on this lease has proven recoverable oil reserves of 2,4000,000 barrels of oil and 3 billion cubic feet of natural gas. Proco Operating Co. Inc. will become a wholly owned subsidiary of American Energy Production, Inc.
Proco Operating Co. Inc. is owned by Johnnie Lee Bitters, brother of current VP of Operations of American Energy Production, Inc., Charles Bitters. Charles Bitters does not have any ownership of Proco Operating Co. Inc., and makes no business decisions for the company. The final acquisition price of these properties will be determined by an Advisory Energy Acquisition Board appointed by corporate attorneys and accountants to keep this transaction as an arms-length acquisition. The Advisory Energy Acquisition Board will determine the final acquisition price based on the reservoir engineering report to be submitted by Jerry Worsham of Mineral Wells, Texas.
The oil and gas lease, which is the subject of the acquisition agreement, has a blanket Barnett Shale formation about 150 feet thick. One of the first projects American Energy Production, Inc. will undertake will be to fracture stimulate one of the existing oil or gas wells in the Barnett Shale formation. The Company's success in a re-completion of an existing well in the Barnett Shale formation will add substantial natural gas reserves to the American Energy Production, Inc. assets.
The Board of Directors of American Energy Production, Inc., on June 19, 2002, declared a (one-for-five) stock dividend on its common stock, having the effect of a 20% stock dividend. Stockholders of record on August 16, 2002 will be entitled to one additional share of 144 restricted stock, for each five shares of the company's stock held at that time.
Statements contained in this release, which are not historical facts, may be considered ``forward-looking statements'' under the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of the future performance. Unknown risk, uncertainties as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations exposed or implied by such forward-looking statements.
Nanotech's Promise Hits the Pedal
Monday September 12, 3:29 pm ET
By Jack Uldrich
Accelrys (Nasdaq: ACCL - News) announced last week that it had added seven new members to its nanotechnology consortium. Two in particular caught my attention: Millennium Chemical, a wholly owned subsidiary of America's third-largest chemical company, Lyondell (NYSE: LYO - News); and PPG Industries (NYSE: PPG - News), which supplies coatings, glass, fiberglass, and chemicals. The news that these major chemical companies have climbed onboard offers additional support to Accelrys' claims that the consortium is creating software tools to speed up the design of new nanomaterials and devices.
Millennium Chemical is the world's second-largest producer of titanium dioxide and has already used titanium dioxide nanoparticles in its interesting new product called Ecopaint. What makes the environmentally friendly paint so special is that its custom-made nanoparticles can soak up and neutralize nitrogen oxide gases produced by car exhaust, manufacturing operations, and other sources of pollution.
Other companies are also using titanium dioxide to do interesting things like make self-cleaning glass. In this case, it reacts with sunlight and causes a chemical reaction that breaks down the dirt. This neat little trick not only reduces the need for costly detergents, it may also cut down on the human labor associated with cleaning windows -- a substantial cost for owners of skyscrapers and office buildings.
Such cost savings are the tip of the iceberg. The number of aerospace, automotive, industrial, and coating applications for new nanomaterials is virtually limitless. The fact that major chemical and material sciences companies like Millennium Chemical and PPG have now joined Corning (NYSE: GLW - News) and Fujitsu in the nanotechnology consortium is a bullish sign for Accelrys: It suggests that the company believes the consortium can help it stay on the leading edge of such advancements.
In the same press release, Accelrys also announced that it had developed something called ONETEP. This unwieldy acronym is the name of the first consortium-developed software application. This suggests that the company is making good on its promise to use consortium members to help it stay at the forefront of developing sophisticated software. In turn, the consortium can model the complex behavior of nanoscale materials to help companies translate those findings into real, value-added products more quickly and efficiently.
Accelrys remains a small company (its market cap is about $140 million) and as such, carries some risk, including a general predisposition to volatility. But if you believe in the potential of nanotechnology, as I do, it represents an intriguing "pick and shovel" play.
Fool contributor Jack Uldrich has been thinking small since grade school. He own shares in Accelrys but none of the other companies mentioned in the article. He is the author of The Next Big Thing is Really Small: How Nanotechnology Will Change the Future of Your Business.
2.06 X 2.50 MM's smell a run!!!!
Absolutely ZERO dilution today!!!!
Oracle to Buy Rival Siebel in $5.85B Deal
(Major M & A's continue...)
Monday September 12, 2:06 pm ET
By Michael Liedtke, AP Business Writer
Oracle Corp. Continues Shopping Spree, Buys Rival Siebel Systems in $5.85 Billion Deal
SAN FRANCISCO (AP) -- Oracle Corp. is buying its struggling rival Siebel Systems Inc. for about $5.85 billion, continuing a recent shopping spree that has eliminated two of its biggest competitors as it aims to topple Germany's SAP AG in the business applications software market.
Under the terms of the deal announced Monday, Redwood Shores-based Oracle will pay $10.66 per share in cash or stock for San Mateo-based Siebel, a once rapidly growing maker of customer support software that has fallen on hard times during the past three years.
The price represented a 17 percent premium from Siebel's market value entering Monday.
Siebel shares rose $1.18, or 12.9 percent, to $10.31 during midday trading on the Nasdaq Stock Market, where Oracle's shares gained 12 cents to $13.40.
Siebel has $2.24 billion in cash, reducing Oracle's net takeover cost to $3.6 billion.
The deal further bolsters Oracle's aggressive drive to overtake SAP as the world's largest maker of business applications software -- the computer coding that automates a wide range of administrative tasks.
In the past nine months, Oracle has either completed or announced five takeovers of business applications software makers, an expansion that has cost more than $17.6 billion so far.
The spree has swept up two of the industry's best-known names, Siebel Systems and PeopleSoft Inc., both of which were run by former Oracle executives who had developed a frosty relationship with their former boss, Oracle CEO Larry Ellison.
For its part, SAP downplayed the significance of Oracle's latest conquest. "Oracle is in the business to buy customers. Ours is to service customers," said SAP spokesman Tony Roddam.
The Siebel acquisition, expected to close early next year, affects about 4,000 customers.
Siebel Systems employs about 5,000 workers, many of whom are expected to lose their jobs as Oracle cuts costs in an effort to boost its profits by about 20 percent annually.
Industry analyst Richard Williams of Garban Institutional Equities predicted Oracle will lay off more than 2,000 workers, based on the percentage of jobs that the company eliminated after devouring PeopleSoft, which had about 11,000 employees. Oracle fired 5,000 workers after that deal.
Oracle executives acknowledged layoffs are likely in the Siebel deal, but didn't provide specific projections in a Monday conference call.
Oracle's intensifying focus on business applications software largely reflects the slowing growth of its database product line, which accounts for more than three-fourths of the company's sales. Ellison also wants to deepen Oracle's stack of technology products to compete with two other longtime rivals, Microsoft Corp. and IBM Corp.
"Oracle was behind the curve so it needed to buy some big headline-making companies and feed off their technology," Williams said. "They really didn't have much choice, unless they wanted to see their stock price cut in half. They needed to keep their sales growing, and to do that, they need to cannibalize smaller companies."
In 2003, Ellison drew up a list of potential takeover targets topped by PeopleSoft and Siebel Systems, according to internal documents released in an antitrust trial last year.
Oracle first stalked PeopleSoft, launching an 18-month takeover battle that culminated in a $11.1 billion acquisition in December.
That deal pitted Ellison against one of its former Oracle lieutenants, Craig Conway, who spearheaded PeopleSoft's staunch resistance to the takeover bid until he was fired a few months before the two sides negotiated a truce.
The U.S. Department of Justice tried to derail Oracle's bid for PeopleSoft, arguing the combination would stifle competition. But a federal judge brushed aside the government's objections and cleared the deal, making it unlikely regulators will oppose Oracle's takeover of the much smaller Siebel Systems. European regulators also must approve the takeover.
Siebel Systems also is run by a former Ellison protege, Tom Siebel, who has occasionally sniped at his former boss since leaving Oracle and subsequently starting his own company in 1993.
But Tom Siebel, who is his company's largest individual shareholder, welcomed Oracle's takeover offer, calling it a "wonderful, exciting event" during a conference call with analysts Monday. In the same call, Ellison said Tom Siebel is expected to remain with Oracle for a few years after the takeover, but didn't provide specific details.
Siebel Systems has been shrinking since 2001 amid weakening demand for its main product -- customer relationship management, or CRM, software that helps companies analyze their sales patterns and market their products. Siebel's annual revenue has plunged from a peak of $2.1 billion in 2001 to $1.3 billion last year, a slump that has dragged down the company's stock from its highs of more than $100 per share.
Hoping to turn things around, Tom Siebel stepped down as the company's CEO last year and turned over the reins to a veteran IBM executive, Mike Lawrie. But sales continued to falter, prompting the company's board to oust Lawrie in April and replace him with George Shaheen, an executive best known in Silicon Valley for overseeing the expensive demise of online grocer Webvan Group.
Since that shake up, a disgruntled group of Siebel shareholders has been pressuring the company's board to find a buyer, opening the door for Oracle.
On The Net:
http://www.oracle.com
http://www.siebel.com
http://www.sap.com
oh...
Maybe they read them after work????
$2.30 ask!!! Now I have proof!!!
That MM's read these boards!!! They saw my post that I wanted to buy more TDYH and also get some USGL and they keep raising the price!!! LOLOLOLOLOL!!!!!
VMHVF...momo play on news today, hit a high of around 0.25 when it went OTC listed. Negative on it long term because of expected dilution. Closed at 11 cents Friday. See if dilution holds it back today:
http://biz.yahoo.com/pz/050912/85729.html
VideoMovieHouse.com Announces Expansion Plans and the Launch of VideoMovieHouse.in (India)
Monday September 12, 7:13 am ET
"250,000,000 are already online consumers.
(Note: The midddle class of India is equal to the total population of the USA, China getting close and both growing)
VANCOUVER, British Columbia, Sept. 12, 2005 (PRIMEZONE) -- Steve Gaspar, President of VMH VideoMovieHouse.com, Inc. (``VMHVF'') (OTC BB:VMHVF.OB - News) is pleased to announce the launch of the company's new Web site http://www.VideoMovieHouse.in. It is targeted to serve the more than 1 billion Indian people living in India and around the world.
Newly appointed Director of Indian Operations, J. S. Bassi will oversee business development and marketing to the worldwide Indian community of well over 1 billion people -- of which an estimated 250,000,000 are already online consumers.
According to Mr.Bassi, ``VideoMovieHouse.com recognizes the enormous opportunities offered by making American films available online to an Indian population that is predominantly English speaking. By making our inventory of nearly 30,000 DVD titles available to the much larger and diverse audience brought about by this expansion -- our sales should increase dramatically. We will also be adding an ever increasing supply of Bollywood movies to our selection to accommodate Indian customers worldwide. A good example of how robust the Indian marketplace is can be seen by the performance of Rediff.com (NasdaqSC:REDF - News), a pioneer in the Indian marketplace and a company which recently achieved significant revenues by catering to the Indian online community. I believe this level of success can be easily duplicated given our experience and expertise in the online sales business and my understanding of the Indian community.''
Through its website http://www.videomoviehouse.com, VMHVF sells and rents DVDs worldwide. In 2005, overall product sales exceeded US $3.6 million, and are expected to continue to grow at a rapid pace.
In another bold move to challenge its competitors, VMHVF recently entered the online DVD rental market, an area that has seen significant success by Netflix (NasdaqNM:NFLX - News). More expansion is in the works, as VMHVF is formulating plans for an IPO to help accelerate its growth through acquisitions, mergers and possible takeovers.
Safe Harbor Act Notice:
This information contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995 (the ``Act''). In particular, when used in the preceding discussion, the words ``plan,'' ``confident that,'' ``believe,'' ``scheduled,'' ``expect,'' or ``intend to,'' and similar conditional expressions are intended to identify forward-looking statements within the meaning of the Act and are subject to the safe harbour created by the Act. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward-looking statements. Such risks and uncertainties include, but are not limited to, market conditions, the availability of components and successful production of the Company's products, general acceptance of the Company's products and technologies, competitive factors, timing, and other risks described in the Company's SEC reports and filings. Third party statements contained herein and information contained on any third party website is not endorsed by or adopted by the Company.
Toll Free Investor Hotline: 1-800-962-0211, for e-mail enquiries: Contact our Investor Hotline at: ir@videomoviehouse.com.
Contact:
VMH VideoMovieHouse.com Inc.
Investors: 1-800-962-0211
e-mail enquiries:ir@videomoviehouse.com
--------------------------------------------------------------------------------
Source: VMH VideoMovieHouse.com, Inc.
OT: greeneyedhawk, I got turned off on ISON when they said their "detector" got false readings from plastics.....like how many suitcases do not have plastics either in the construction or items in the bag!!!! So I just played their "pump". I have only found three OTC stocks that appear to be real companies (I'm sure there are others out there), and by "real", showing some value in their fundamentals.
BABB is a micro cap franchise business with only 7 million OS and now has a history of paying a 5-7% dividend. I am out of it now because they haven't shown any plan for future growth (that could change).
SPDV has contracts, revenue, and growth, plus a "rule-breaker" company. Holding on that one, early on the CEO was slapped by the SEC for too much pumping, so they are now above board on their reporting and forward-looking info.
ASPN is another, unfortunately I just watched it and didn't jump in, a BIG mistake:
Czech, I think the main disagreement between posters here is if AMEP is a "tradin'" stock or a long term buy and hold. My position is, it's a stock to trade and should be treated as such based on MY DD. People get pretty hot on message boards if you don't "go with the flow", certainly explains to me why we humans end up killing so many of each other in wars!!! Good luck to all, let's make money!!! As I stated before, if you see a stock I'm "buy and hold" on, PLEASE let me know if you have any negative info on the company. Someone here already gave me a caution on AATK's history and I'm walking softly on it for now.
Keep up the good work on the board.
greeneyedhawk, 0.03 rounded off by end of November? OK, that's fine, just threw out a figure to see where you were coming from. A couple of good pump PR's may get you there, but should also have the 10Q by then with the new OS. I hope you have been trading AMEP since last year when you posted, has the OS doubled since then??? What about BIPH, $3.00 by end of November???
I made 350% on ISON in a couple of months, got lucky because I thought they had potential in their chip biz then they pumped the explosive detector and I got out on that spike. Have 34% gains on PA since May, got lucky on the acquistion news and sold. Have 86% gain so far on GLW since January, hoping to hit $25. 37% gain on GG since January and the Wheaton merger. But...losing my ass so far on some others, all speculative small caps. Good luck with your DD, you seem to leave out many important details....
Wilderhill Clean Energy Index up 21% since December 2004:
The cost of oil and Hubbert's Peak
(posted on RB AMEP)
"Meanwhile - unfortunately - demand will continue to rise. China and India are rapidly increasing their demand, Europe still has high demands, and of course the United States' thirst for oil - despite all the talk – continued to rise unabated. That means rapidly rising prices."
Tuesday, August 16, 2005
By WILLIAM TUCKER
WORLD OIL PRICES pushed up to $67 a barrel last week. Is it just a seasonal phenomenon, a reflection of summer driving patterns, a sign of Saudi intransigence, a conspiracy by the oil companies? Perhaps. But far more likely, it has something to do with Hubbert's Peak.
In 1956, Shell Oil geologist M. King Hubbert made a startling prediction. Judging from the rate new oil was being discovered, he calculated that American oil production would reach its peak in 1969.
The prediction received little attention. After all, people had been predicting that oil would eventually run out since Colonel Drake drilled the first well at Titusville in 1859. These pessimistic forecasts had always proved wrong.
But Hubbert had some logic on his side. A veteran prospector, King had noticed that - largely because of requirements by the Securities Exchange Commission - oil companies did not immediately add new discoveries to their official "reserves" as soon as they were found but parceled them out year by year. This created the illusion that new oil was continuously being found.
In fact, said Hubbert, when oil reserves were assigned to the year in which they discovered, a startling fact emerged. American oil discoveries had peaked in 1935 and declined steadily since then. Probably well over half the oil that was ever going to be discovered had already been found. Calculating that production usually followed discovery in a 40-year cycle, Hubbert predicted American oil production would peak in 1969.
He was off by one year. We briefly pumped 10 million barrels of oil a day in 1970. Then production went into a gradual but inexorable decline. (We now pump about 8.5 million.) All the fantastic new technologies - the 3-D computer imaging, the horizontal drilling, the pressurized recovery methods - have not lifted us back to where we were in 1970.
The consequences were immediate and extraordinary. In 1970 we were importing 15 percent of our oil. The production peak went unnoticed, demand continued to rise, and within three years we were importing 30 percent of our oil. This left us sitting ducks for the 1974 Arab Oil Boycott.
There is now a theory that world oil production is approaching the same "Hubbert's Peak." Kenneth Deffeyes of Princeton, author of "Hubbert's Peak: The Impending World Oil Shortage," is one of the principle proponents. Applying Hubbert's techniques to world oil, Deffeyes found that non-OPEC discoveries peaked in 1975. That means we should be approaching peak production right about now.
As for OPEC production - who knows? The Saudis are still highly secretive about both their reserves and their production capacity - as are all OPEC nations. OPEC parcels out its production quotas on the basis of reserves - which prompts all OPEC members to exaggerate their capacity.
In addition, the countries are constantly cheating each other through overproducing and don't like to make the numbers public. The most reliable figures - if they can be considered reliable - come from Petrologistics, a small Geneva firm that claims to have spies in every OPEC nation's ports.
What all this suggests is that $67-a-barrel oil is more than a passing phenomenon. What may be happening is something one school of geologists has long predicted - world oil production is topping out.
"We're not going to feel anything when we pass over the peak," says Matthew Simmons, a Texas oil investor whose recent book, "Twilight in the Desert," predicts that Saudi oil may also be approaching its pinnacle.
"The only way we're going to recognize it is in the rear-view mirror."
Passing over Hubbert's Peak doesn't mean we're "running out of oil." It means we're running out of cheap oil. Saudi wells, Caspian wells, Nigerian wells, Texas wells - all will continue to pump oil. But like Alice and the Queen of Hearts, we'll have to run as fast as we can just to stay where we are.
Meanwhile - unfortunately - demand will continue to rise. China and India are rapidly increasing their demand, Europe still has high demands, and of course the United States' thirst for oil - despite all the talk – continued to rise unabated. That means rapidly rising prices.
Will paying $50 to fill up the tank make Americans start thinking more sensibly about alternative means of power? Will gas-electric hybrids start to look more attractive? And if people start refueling their cars on the power grid, where will we get the electricity to accommodate them?
We'd better not start blaming this all on President Bush or wailing about the perfidies of the oil companies. The time has come to start rethinking our energy future.
William Tucker is an associate at the American Enterprise Institute. His column appears Tuesdays. Send comments about this column to oped@northjersey.com.
http://www.northjersey.com/page.php?qstr=eXJpcnk3ZjcxN2Y3dnFlZUVFeXkxNCZmZ2JlbDdmN3ZxZWVFRXl5Njc0ODA...
nlightn, good read. There is so much stuff out there regarding manipulation by MM's, Specialists, and shorters in Berlin. One thing getting the most press right now is the buying and selling of shares without actual delivery or confirmation that the shares even exist. Personally, I think some manipulation occurs, especially on an intraday basis, but long term, if you own stock in a great company with improving fundamentals every year, the price is going to keep trending up. The POS companies with lousy fundamentals are the ones investors keep screaming "manipulation!!!", if you stick with the good ones long term they pay off, IMO. The POS ones are for short term plays only, IMO.
greeneyedhawk, OK, that's a fair bet including BIPH, do you want to set a pps goal of 10 cents for AMEP and $3.00 for BIPH? Or did you have some other criteria in mind by using the charts up to November 30??
ctb, sounds like you are a bit uneasy about your investment. All I'm saying, IMO, is this is a pump and dump, momo play stock. You seem to disagree and feel that it's a buy & hold stock. Let's talk in a few months and see who was right. No need to get nasty, just present your case in a grownup way.
ctb, since when is posting facts from the filings or having an opinion about releasing of share information bashing? Sounds like you just want positive-sounding facts.
Here's something positive, AMEP has been a great momo play for the smart traders and some have made lots of money selling on the spikes. )
GW, here's one we can track, oil drilling company, sector is good, 10 day ema just jumped over the 50 day ema, let's see how it performs from now on, closed at $8.04 Friday. MACD went positive and Money Flow (CMF) looks like it's ready to go positive:
Here's an OTC that does have increasing growth and fundamentals,
makes the TA easier, IMO. A Buy in June would have been a good one. Note the sector played a big role too:
Some TA'ers use the 10 day crossing the 50 day ema for buying and selling....don't hit the highs or lows, but good for locking in profits or looking for a buy point. Plus, you can always try to second guess the chart and predict the crossover as in buying in a cup/handle formation as the right side of the cup starts to form and you feel confident in the stock and sector.
Back in May the 10 day ema crossed the 50 day ema for GLW indicating a buy:
For BIPH, several buy and sell points, as you can see, it's tougher using TA on a OTC stock that really has no fundamentals and just hype driving it:
Shikari, another good point....look how many thousands of dollars Atlas could have saved in consulting and R&D fees if they just asked me first!! LOLOLOL!!!!
Many dry oil wells are drilled every year after the well-paid experts say "drill here!!"!!!! I think the market is saying "Hold" for now, the pps will slowly drop if the nano biz doesn't appear soon, JMDAO....
Have to add these shares in:
"In June 2005, the Company received $185,000 of proceeds from the sale of common stock to two groups. The stock was valued at $0.01, the fair market value on the date of the sale. As of June 30, 2005, the shares had not been issued and have been recorded as Common Stock Issuable in the accompanying Financial Statements."
"Common stock issuable, $0.0001 par value, 18,575,000 shares $1,858"
So that will make "only" 22 million shares to hit the OS, plus whatever they sold to buy the oil rig. Could call the tranfer agent, but I don't think they release any share info, another BIG RED FLAG, imo.
I should add, I think the CEO is a pretty sharp guy and if anyone can get it done he can. He has turned the company around on the debt and buying the mine setting it up for any nano success. He can always fall back on the pottery or other biz if necessary long term.
Doubloon, maybe they can't make money in the pottery biz, otherwise why not have a "pottery grade" and a "nano grade"? The chemical companies do it all the time, "food grade" may be the same product as "industrial grade", but must be packaged in clean rooms and/or shipped in dedicated tankers.
If they could make money in the pottery biz, it would pay for more mining of the clay, and the "best" clay for the nano biz could either be left in place or stockpiled. If nano applications take off, they could concentrate on that biz only and drop the pottery biz.
My feeling is that any clay nano biz could be years away, if at all. They have not announced any progress for the clay prep and, IMO, cannot guarantee any consistancy of product to customers long term, because it is unmined and has natural occurring inconsistancies. Also do a Google on antifouling paints, there are many companies with proven products that have been tested for years and meet EPA requirements. The Navy patent is nice, but any products IN QUANTITY may be years away if at all.
JMO, but this is way too speculative long term, and better nano plays out there.
Are posts like 1159 and 1163 OK??? TIA...
All buys so far today, breakout coming?????
GW may breakout today, I guess Cramer gave it a double digits pump......up premarket.
jonesieatl, if no news, it could slide back some, but Doubloon was told to expect better response from TDTH regarding updates to shareholders. I've got some dry powder now and will wait maybe a week to see how the pps moves. I'm more comfortable with "Buy" TA on higher volume stocks on the major exchanges that show growth and improving fundamentals....but that's just me! LOL!!!!
Wasn't the Pillsbury Doughboy Michelin Man's father???
Hey! Why didn't your charts tell me it was gonna drop when I was buyin' a few months ago!!!!! LOL!!!
You said ramp in revs and pps in a year a year ago! It was a 4 cent stock then.
http://ragingbull.lycos.com/mboard/boards.cgi?board=AMEP&read=9801
From last filing: "The Company has the option to purchase the mine for $500,000 at anytime, or when it sells $1,000,000 of product from the mine during a twelve month period."
I think if they reached $1 million in product sales, they HAVE to buy the mine....or pay the $500,000 anytime they wish, which they did rather than wait on the sales.
The first internal combustion engine ran on hydrogen produced from electrolysis believe it or not!! What goes around.....