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OT: Made a mistake in a symbol in last post, "Edit" feature is really nice!
Waitedg: Good question, I took a look at those also. I'm no O&G expert, but look at the fundamentals:
PLLL $7.78, income was actually down last year and only $0.19 EPS.
CWEI $23.49, low growth and -$1.32 EPS, probably the most overvalued unless they have something in the works.
GDP 16.94, closer to TYDH on OS, but only $0.84 EPS
MHR $14.43, $1.30 EPS.
REM $29.17, looks under-valued, PE 12.61, Forward PE 9.92, PEG of 0.69. That one without looking deeper may be a good buy. May have pulled back with the sector.
TYDH is looking at "anticipates annualized earnings per share, before interest, taxes, depreciation and amortization of $1.50 per share for 2005, up from the previously forecasted $1.19 per share, and $2.35 per share in 2006, which has been increased from $1.70 per share previously projected."
So TDYH shows excellant growth through 2006, so the present price is due to it's speculative nature, but as the ducks keep falling in place, $12 looks right to me in a few months. The Amex listing will mean new ballgame and potential, IMO. Compare the EPS' of all the above companies to TYDH to develop your own price target.
TRCPA: Sorry, not angry at you, angry at the "system". Having seen all the "violations" on the OTC with little done about it, it's my feeling they all should be Pink Sheet listed without the SEC giving them any credibility at all by requiring filings. Unless it's a phony cancer cure or antrax cure scam, the SEC does NOTHING, and when they do, it's usually too late for the investing victims. FWIW, I don't think FASC is a "scam", just some guys making a good effort to get a product to market, and getting paid nicely while they are doing it plus free travel, just hasn't worked out. Very different from guys working out of a garage 80 hours a week getting friends and family to put up some bucks, growing a business, then going public with basic company fundamentals established.
Lots of luck with the "system" doing much about Stockgate....
Unless you see Warren Buffett or the like jumping in demanding change. In FASC's case, any change will be like the Berlin delisting, BFD, the pps was higher when they were on the Berlin exchange, maybe they should relist.
TRCPA: You can point fingers at MM's, Bashers, Naked Shorters all you want, fact is, you bought a POS and lost your butt because the company wasn't successful. I lost on a couple of OTC's because management lied, and lied in their filings, and I didn't know then how the "game" was played. Those companies are still in existence and still lying and printing shares, complaints have been sent to the SEC and nothing is done. Maybe if George Bush gets screwed the SEC will do something, but unfortunately, big money or big power don't invest in the OTC for good reason.
OT: Hongcouver: I would guess Atlas is starting to dump shares, big volume and small pps move. See if it continues next week/month.
TRCPA: Maybe Bobby Knight would enjoy getting screwed on the OTC, I guess it's a choice small investors make.
PS: Don't walk in Central Park in NYC at night, maybe in
daytime too! LOL!
This story about Global Links Corp just reinforces my opinion that OTC stocks should just be short term plays only. Don't park your car in the city where 50% of the cars are broken into or stolen. The police (SEC) are supposedly there to serve and protect, but they are too busy going after the Big Boys.
Hongcouver: Thanks for the additional info. Maybe the SEC will act in 5 years or so! LOL! And that's just the one they have the proof on, when they prove one, it usually means there are hundreds more. I guess the story must be true, thanks again.
TRCPA: I wonder how that guy got 100% of the shares of
Global Links Corp if it was still being traded? If you bought out FASC, how would you get 100% of the shares then turn around and sell them all to me? How did Global Links get all 100% of their shares? Maybe the seller of the company pulled a fast one on Simpson. I don't think we're getting the whole story on that one, JMO.
Another important highlight from the PR:
Mr. Cunningham assisted with taking Clayton Williams public in 1993, and was promoted to controller in 2000. brings to Tandem extensive experience in all aspects of oil and gas accounting, financial reporting, Sarbanes-Oxley compliance, and operations. He is a member of the American and Texas Societies of CPA's.
bobsnook66: The current estimated world human population is 6,350,538,084 so it can't be a big surprise to find 10 or so Bashers and 10 or so Pumpers on one stock out of that group for whatever reasons, mental, too much free time, etc.
Add to that there are 6,350,538,084 different opinions! LOL!
Nice news, and Mr. Cunningham isn't leaving Clayton Williams Energy, Inc. on a lark!
terry hallinan: Not sure what you are disagreeing with, stocks like IBM aren't "junk", but certainly can be up and down depending on their quarterly reports and outlook. If I bought IBM at $99, I made a "bad" investment (now at $77). Bottom line, cut losses at a certain percentage, and take profits at a certain percentage, generally speaking, I guess. I haven't been able to stick to that approach, and in volatile markets like now, the "losers" probably would outweigh the "winners" and eat away the funds.
If you and I can figure out the best approach, we will get rich! If you are already rich from the stock market, please share! LOL!
WyoInvestor: I heard about FASC a couple of years ago because it was being spammed on message boards and I started following it because the KDS looked interesting and the PR's looked good. This was about the time I got burnt badly on a couple of OTC stocks that I believed in just as much as you guys believe in FASC and the FASC message boards looked just like the ones I got burnt on, DD and all. I refused to listen to the negative posters and looking back I believe some of the so-called longs were insiders, stock promotors, or just momo sharks. But most were probably believers just like I was, we were the "marks". I also have losers on the Nas and Amex, it's all a gamble and a risk, I just think there is less (not zero) manipulation on the major exchanges versus the OTC. I think all here would agree that any OTC "investment" should be short term 99.99% of the time. Greed drives us and blinds us all whether or not we admit it.
OT: beischens: TRCPA's post has it right, borrowing shares to short versus naked shorting. MM's I think can "naked short" for a short period of time to "make a market", that is, sell shares they don't have, but have to buy shares to balance out over several(?) days time. An example would be good news on a drug stock and nearly all buying, the MM's "make a market" to satisfy orders coming from your brokers, Fidelity, Scottrade, etc., and fill orders without having enough shares (if they don't have a large enough inventory). Then, over a period of days they have to accumulate shares from sellers "locking in profits" to balance out. They are allowed to do this to keep markets stable, and they can lose money doing it, but they have to keep their customers (brokers) happy to assure future business.
sambeaux: You could be right, I just find it strange that growth companies making revenue, profits, and have a decent P/E ratio don't seem to be affected. Could that be a clue where to put our money?
WyoInvestor: Thanks for info. eom.
Next news should be on hedging, IMO. "Once these negotiations have been completed in the near future, the Company will announce the exact particulars of its hedging strategy in a subsequent press release." Company is still getting the word out, so I think pps can be volatile and some buying ops from the impatient. Oil prices are strong now and they should do well on their hedging strategy.
http://biz.yahoo.com/bw/050407/75253.html?.v=1
HAL will have to go out of business too! eom.
techisbest: Well, stock can be used to pay for "services" of which BIPH is using a lot of lately for pumping. Add on all the trips by the CEO, I wonder if they have a travel agent that takes shares, LOL! Don't you think it strange to waste money like that when the "BIG DEAL" is just around the corner and will take care of the pps by bettering the fundamentals?
I'm still trying to figure out if you learned anything from FASC or are still being fooled by the OTC Pump & Dumps! Are you now a "player" or what?
Anyone else think all the PR's this year were just to dump stock and raise cash for salaries, etc.? The next filing will show how much dilution went on during the PR blitz. Amazing how people will buy stock hot off the presses! LOL!
BIOPHAN TECHNOLOGIES INC filed this 424B3 on 06/04/2004.
« Prev Page Outline Printer Friendly Entire Filing Next Page »
SBI STOCK PURCHASE AGREEMENT
On February 5, 2004, we entered into a stock purchase agreement with
SBI Brightline Consulting, LLC that obligates SBI to purchase, upon our
election, up to 17,750,000 shares of our common stock for an aggregate purchase
price of $25.0 million. If we sell all the shares to SBI, the shares will be
sold at a weighted average purchase price of $1.408 per share. At our election,
we may sell the shares to SBI in 14 tranches that must be sold in the following
order:
NUMBER OF PURCHASE PRICE
SHARES PER SHARE
Tranche 1 2,000,000 $.60
Tranche 2 2,000,000 $.65
Tranche 3 2,000,000 $.70
Tranche 4 2,000,000 $.80
Tranche 5 1,000,000 $2.00
Tranche 6 1,000,000 $2.00
Tranche 7 1,000,000 $2.00
Tranche 8 1,000,000 $2.00
Tranche 9 1,000,000 $2.00
Tranche 10 1,000,000 $2.00
Tranche 11 1,000,000 $2.00
Tranche 12 1,000,000 $2.00
Tranche 13 1,000,000 $2.00
Tranche 14 750,000 $2.00
Except for the requirement to sell the tranches in order and the
requirement that the resale of the shares be registered as described below,
there is no limitation on when we may require SBI to purchase the shares
included in any tranche. In particular, there is no specified expiration date
for SBI's obligation to purchase the shares. The agreement permits us to
exercise our right to sell multiple tranches at the same time, and no particular
period of time must elapse between the sale of tranches. We are not obligated to
sell any shares to SBI unless and until we elect to do so. However, if we want
to sell any shares in a tranche we must exercise our right to sell all of the
shares in the tranche.
SBI is not obligated to purchase shares pursuant to the stock purchase
agreement unless the resale of the shares by SBI is registered under the
Securities Act of 1933, as amended. On February 10, 2004, we filed a
registration statement for the purpose of registering 6,000,000 shares which was
declared effective on April 14, 2004. As a result, SBI will not be obligated to
purchase the remaining shares covered by the stock purchase agreement unless and
until we have registered the resale of such shares by SBI. In addition, we do
not currently have sufficient authorized and unissued shares to issue such
remaining shares to SBI. We intend to seek approval at our next annual meeting
of stockholders to amend our articles of incorporation to increase our number of
authorized shares. If such amendment is approved, we will then decide whether or
not to register additional shares for resale by SBI so that we will have the
right to sell such additional shares to SBI under the stock purchase agreement.
OT: Dang! And I'm still tring to figure out the TV and VCR remote controls! Anyone else feeling left behind?
Inventor Creates Soundless Sound System
Thursday April 21, 9:48 pm ET
By Typh Tucker, Associated Press Writer
Man Astounds Crowd in Oregon With His Soundless Sound Invention
PORTLAND, Ore. (AP) -- Elwood "Woody" Norris pointed a metal frequency emitter at one of perhaps 30 people who had come to see his invention. The emitter -- an aluminum square -- was hooked up by a wire to a CD player. Norris switched on the CD player.
"There's no speaker, but when I point this pad at you, you will hear the waterfall," said the 63-year-old Californian.
And one by one, each person in the audience did, and smiled widely.
Norris' HyperSonic Sound system has won him an award coveted by inventors -- the $500,000 annual Lemelson-MIT Prize. It works by sending a focused beam of sound above the range of human hearing. When it lands on you, it seems like sound is coming from inside your head.
Norris said the uses for the technology could come in handy -- in cars, in the airport or at home.
"Imagine your wife wants to watch television and you want to read a book, like the intellectual you are," he said to the crowd. "Imagine you are a lifeguard or a coach and you want to yell at someone, he'll be the only one to hear you."
Norris holds 47 U.S. patents, including one for a digital handheld recorder and another for a handsfree headset. He said the digital recorder made him an inventor for life.
"That sold for $5 million," Norris laughed. "That really made me want to be an inventor."
He demonstrated the sound system at the Oregon Museum of Science and Industry, also called OMSI, on Thursday.
Norris began tinkering as an inventor at a young age -- taking apart the family radio and putting it back together again. He said ideas come to him when he's driving around or talking with friends.
"I don't know how I got to be an inventor, but I guess some kids can play the piano, and I can invent."
Norris will receive the Lemelson-MIT Prize at a ceremony here on Friday.
One of his most recent patents is for the AirScooter, a personal flying machine designed for commuting. It reaches speeds up to 55 mph and is light enough -- under 300 pounds -- to not require a license to fly.
The AirScooter was also on display at OMSI, although Norris didn't fly it.
The machine has a single seat, a four-stroke engine and is barely 10 feet tall. Its pontoons allow it to land on water. The machine's fiberglass and aluminum construction keeps its weight down. Bike-style handle bars move two helicopter blades, which spin in opposite directions.
Norris' AirScooter was shown on "60 Minutes" last Sunday. He said since the airing of the show, more than 7 million people have visited the AirScooter's Web site.
Norris said he and his crew have tested the AirScooter for four years, and he couldn't have created the machine without a skilled group of aeronautics engineers around him.
AirScooter: www.airscooter.com
Popular Science article: http://www.popsci.com/popsci/bown/article/0,16106,388134,00.html
So you guys are saying that FASC potential in the Far East isn't enough to effect trade relations between Japan and Canada and therefore becoming a political football in all future trade negotiations? Darn!
TRCPA: Did you ask Cal about the Zeolite plant? Regarding the Japanese licensee, there can't be a whole lot of potential if they aren't in a big hurry to sign up. I think the whole Japanese thing is just some hand-holding to look good for Japanese/Canadian trade agreements, just politics, IMO.
sambeaux: Doesn't that crane holding the conveyor belt up add quite a bit to the operating costs? LOL!
Bateman Engineering JV's news....
http://biz.yahoo.com/iw/050425/085272.html
Altair Nanotechnologies and Bateman Engineering Announce First Joint Venture Projects
Monday April 25, 7:00 am ET
Project Range Illustrates Breadth of Altairnano Bateman Titania's Products and Services
RENO, NV--(MARKET WIRE)--Apr 25, 2005 -- Altair Nanotechnologies, Inc. (NasdaqSC:ALTI - News) and Bateman Engineering BV today announced two projects have been initiated in their recently formed joint venture, "Altairnano Bateman Titania, Inc." Altairnano Bateman Titania brings together Altair's proprietary and patented titanium dioxide (TiO2) pigment manufacturing process with Bateman's engineering expertise to develop, design, construct and commission manufacturing plants to produce titanium dioxide pigment. Titanium dioxide pigment, a $9 billion industry worldwide, is used in a variety of applications including the manufacture of paint, plastics and paper.
The first project is funded by a multi-billion dollar conglomerate (Client) located in an emerging economy country. A confidentiality agreement prevents disclosing this client's name to protect customer and supplier relationships. The project is a Raw Material Evaluation study to determine the suitability of Client's resource for use in TiO2 pigment manufacturing. At the conclusion of the evaluation, the Client will determine whether it shall commit to the design and construction of a TiO2 pigment manufacturing plant.
The second project is with Randsburg International Gold Corporation, a North American exploration company. The project is also a Raw Material Evaluation study to determine the suitability of its ore body for TiO2 pigment manufacturing. Randsburg has identified TiO2 pigment as one of the high-value products to be produced from ore mined at its Titan deposit in Ontario, Canada.
These projects use the Altair Hydrochloride Pigment ("AHP") Process to extract titanium and to manufacture titanium dioxide pigment from low-cost, titanium-rich ore. The AHP Process is the first new, commercially viable TiO2 pigment production process in nearly half a century delivering a cost-effective, environmentally friendly process to manufacture pigment. Altairnano Bateman Titania is offering technology and services to develop, design, construct and commission TiO2 pigment manufacturing plants, especially in emerging countries that increasingly use titanium dioxide-based pigments in paints for housing, automobiles and in plastics. These countries have had, and continue to forecast, high growth rates (e.g. 15%) for pigment consumption.
The AHP Process is a disruptive technology because it threatens the TiO2 pigment supply chain established over the last 50 years. It enables companies in emerging markets such as China, India, Southeast Asia and Africa to enter the TiO2 pigment supply market with an environmentally friendly manufacturing process that has a cost structure substantially lower than current supply methods. The Altair Process is economic for plants producing 30,000 tons a year to large-scale manufacturing exceeding 100,000 tons per year. This is an important capability in emerging economies and to specialist pigment producers as it enables these smaller companies with limited capital resources to affordably enter the market. These plants can be readily expanded to larger scale manufacturing operations as customer demands grow.
The ability to alter the worldwide supply chain for TiO2 pigment requires Altairnano Bateman Titania to not disclose commercial relationships so that its customer relationships will be protected until the new production plants are operating. In many cases this will restrict Altairnano Bateman Titania's ability to name specific customers until the projects are at a late stage of development, particularly where the customer is an existing pigment feedstock seller or TiO2 pigment consumer.
There will typically be six phases in the evaluation, design, construction and commission of a manufacturing plant based on the AHP process:
-- Raw Material Evaluation. This phase starts with assessing a mineral
resource for suitability for TiO2 pigment production in the AHP process.
Ilmenite is the world's most abundant titanium resource and is the
preferred feedstock to the AHP process. This phase involves conducting an
in-depth chemical and mineralogical testing program. A pre-feasibility
study may also be performed depending on the outcome of the testing
program. During this phase, Altairnano Bateman Titania typically receives
fees from conducting the minerals evaluation, process development and pre-
feasibility studies.
-- Definitive Feasibility Study. A Definitive Feasibility Study (DFS) is
prepared and will be used to raise money to pay for plant construction,
commissioning and working capital. In this phase, Altairnano Bateman
Titania will receive engineering fees for work performed producing the
study.
-- Flow Sheet Development and TiO2 Pigment Sample Preparation. When the
DFS is approved, pilot plant operation commences in order to develop the
resource-specific engineering flowsheet and produce TiO2 pigment for
marketing purposes. Short pilot plant campaigns are conducted using bulk
samples produced from the client's resource to determine the processing
requirements to produce sample TiO2 pigment. These runs will produce
pigment samples for use in market development. This phase typically will
involve the use of a pilot plant at Altairnano Bateman Titania's
headquarters, or in some cases could involve the construction of a small,
project-specific pilot or demonstration plant. Altairnano Bateman Titania
typically receives fees for conducting this phase and for completing the
detailed engineering study that will lead to the construction of a limited
production plant.
-- Detailed Plant Engineering & Design. In this phase, detailed
engineering studies and designs for the TiO2 pigment manufacturing plant
are completed. Altairnano Bateman Titania typically receives fees for the
design of the plant.
-- Plant Construction and Commissioning. The construction of the full
production plant typically follows completion of design. During this phase,
Altairnano Bateman Titania will receive fees for the construction and
commissioning of the plant.
-- Ongoing Plant Operations. Once the plant is operational, Altairnano
Bateman Titania will receive ongoing royalties from the pigment revenue
stream and may also receive additional fees for plant design upgrades,
maintenance and operational support.
RANDSBURG INTERNATIONAL GOLD COMPANY
Randsburg is a Canadian exploration company listed on the TSX Venture Exchange (Vancouver:RGZ.V - News). The Company is engaged in exploration for base metals, platinum group metals (PGMs), gold and diamonds in Canada, Nevada and Brazil. The Company has five active, high-potential projects, including their Titan Project (iron-titanium-vanadium) in Northern Ontario, which is 100% owned by Randsburg.
BATEMAN ENGINEERING BV
Bateman is an innovative solutions provider to the natural resources industry internationally, providing a comprehensive blend of skills comprising process-orientated engineering, specialist niche technologies, financial and commercial facilitation and contracting and project management. It operates under the Bateman banner, providing total solutions for the conversion of natural resources into marketable products. Bateman has been involved in a number of beach sands and hard rock projects and studies involving the upgrade of ilmenite and other minerals since 1991. Work has been done for several well-known mining companies in that time, including Anglo American, Kumba Resources and WMC. Currently, Bateman is involved in a US$220 million lump sum turnkey contract for the Moma mineral sands project in Mozambique on behalf of Kenmare Resources. For more information, visit www.batemanbv.com.
ALTAIR NANOTECHNOLOGIES INC. Altair Nanotechnologies, through product innovation, is a leading supplier of advanced ceramic nanomaterial technology worldwide. Altair Nanotechnologies has assembled a unique team of material scientists which, coupled with collaborative ventures with industry partners and leading academic centers, has pioneered an impressive array of intellectual property and product achievements.
Altair Nanotechnologies has developed robust proprietary technology platforms for manufacturing a variety of crystalline and non-crystalline nanomaterials of unique structure, performance, quality and cost. The company has a scalable manufacturing capability to meet emerging nanomaterials demands, with capacity today to produce hundreds of tons of nanomaterials.
The company is organized into two divisions: Life Sciences and Performance Materials. The Life Sciences Division is pursuing market applications in pharmaceuticals, drug delivery, dental materials, cosmetics and other medical markets. The Performance Materials Division is pursuing market applications in Advanced Materials for paints and coatings; titanium metal manufacturing, catalysts and water treatment; and alternative energy. For additional information on Altair and its nanomaterials, visit www.altairnano.com.
Altair Nanotechnologies, Inc.®, Altair Nanomaterials(TM), Altairnano(TM), TiNano®, RenaZorb(TM), NanoCheck(TM), TiNano Spheres(TM) and the Hydrochloride Pigment Process(TM) are trademarks or registered trademarks of Altair Nanotechnologies, Inc.
Forward-Looking Statements
This release may contain forward-looking statements as well as historical information. Forward-looking statements, which are included in accordance with the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995, may involve risks, uncertainties and other factors that may cause the company's actual results and performance in future periods to be materially different from any future results or performance suggested by the forward-looking statements in this release. These risks and uncertainties include, without limitation, the risks that, in light of the fact that the proposed joint venture is presently being formed and has no customer commitments, the joint venture will not commence operations or attract any feasibility work, design, construction, licensing, consulting or other opportunities; the risks that costs associated with operating the joint venture may exceed associated revenues; the risks that, in the near-term, revenues will be limited to service revenues, which will unlikely be substantial; the risks that, the joint venture will not be successful in attracting a long-term licensee of the pigment technology for a commercial production plant, which is the joint venture's best opportunity for generating substantial revenue; and the risks that either Altair or Bateman will withdraw from the joint venture as a result of a re-focus of its business strategy, financial or other internal problems or a dissatisfaction with the progress and results of the joint venture. In addition, other risks are identified in the company's most recent Annual Report on Form 10-K, as filed with the SEC. Such forward-looking statements speak only as of the date of this release. The company expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in company expectations or results or any change in events.
Contact:
For Additional Bateman Information:
Stephen F. Burks
Bateman Engineering
For Additional Altair Information:
Marty Tullio or Mark Tullio
McCloud Communications, LLC
--------------------------------------------------------------------------------
Source: Altair Nanotechnologies, Inc.
bobsnook66: I think the KDS has been around long enough to have been proven marketable, but no major buying. I thought the AP testing showed hope, but nothing really came of it other than the need for a "new and improved" model. Most longs thought the original model was the cat's meeow and was going to revolutionize the gold and/or the poulty industries. I hang around just to see what will be the next phase in the FASC story. I guess I could just lurk like I do on many stocks, but then you wouldn't have anyone to laugh at if FASC is successful! I promise to grovel appropriately if that happens! LOL!
TRCPA: Maybe it's because my highest stock expectations always burned me in the past. Now I'm SUPER cautious and VERY critical of non-performance. But, heck! That's just me!
"Little doubt that FASC's kind of technology is badly needed."
That's where I think FASC longs went wrong, thinking the KDS was/is the answer to major problems, it just isn't. WRAP, CRAP, or whatever, major sales aren't going to happen no matter how many "positive" calls to the office. That's why I never call, just look at the written facts on a company and take "potential" with a grain of salt (and sometimes two aspirin when I read it wrong! LOL!).
The question is, what now? They are too quiet, IMO. Will they issue some "astounding" news followed with a reverse split or increase in authorized to keep the paychecks covered?
Or just let it fade away?
Doubloon: MSFT analysts don't get paid by MSFT. Like I said, I'm glad the company is getting the word out to potential investors, but Todd shouldn't call it third party analysis like it's totally independent, it's freaking paid for by Tandem. BTW, FASC had the same type of "analysis" for two or three years in a row saying 50 cent target, FASC is 3 cents and they didn't bother paying the $9000 or so this year for another "analysis" (so far).
I like the restricted share part, that at least adds credibility. I've sent for the investor package and should get it soon. I'm still long here, but I'm going to express my concerns as I see 'em! Been burnt too many times in the past. Maybe I'm being too critical on this, but hey, it's my money! : ))))))
"....a respected third-party analyst." Should be a "paid respected third-party analyst." Sorry, but I don't like that PR at all. Too many times I've seen paid analysts give BS reports. Has anyone ever seen a bad paid-for report? That makes me very nervous. I can understand wanting to get the word out to investors, but don't try to paint it a different color than what it is.
coffee: We had a spike over $7, I think some of those buyers may have been momo players that got momo'ed and may be "weak" hands now. This is still an unknown stock and will be up and down between PR's, IMO. It dropped after my first small buy, but I was able to add a lot more when it got below $5. I plan to buy more at any pps drop as funds are available. Look at it as VERY speculative at this point and be careful, IMO.
If BIPH plans to stop daily PR's, I think that is significant information for stockholders and they should issue a PR stating that! : ))))))))))))))))))))))))))
OT: Note near the end of article: "As such, we find the risk-reward ratio in the energy complex unappealing." That's why I think later this year will be a "buy".
OT: Here's a thought for long term, I'm also looking at ETF's (Exchange Traded Funds) for energy long term. Oil may drop back this summer, that would be the time to buy, IMO. I hold the Fidelity Select Natural Resources in an annuity account since October and plan to hold 5-10 years.
Turning the drill bit
Commentary: Fidelity Select energy funds bank on drillers
By Sam Subramanian, AlphaProfit Investments
HOUSTON (AlphaProfit) -- Energy-related Fidelity Select funds loaded up on oilfield service companies while treading lightly on independent oil companies, according to recently published changes to the funds' top holdings.
Energy's been the place to be for equity investors. Three of the top four Fidelity Select funds for the 12-month period ended March 31 are energy-related. Fidelity Select Natural Gas (FSNGX: news, chart, profile) , Fidelity Select Energy (FSENX: news, chart, profile) , and Fidelity Select Energy Services (FSESX: news, chart, profile) all returned in excess of 40% during this period. Fidelity Select Natural Resources (FNARX: news, chart, profile) , which usually has a heavy slant towards energy, added more than 34%.
Surging commodity prices and robust demand for end-products have enabled companies in all segments of the energy value chain to prosper in unison. Integrated oil companies as well as domain specialists like oilfield service companies and refiners have seen a gusher of profits.
With oil companies flush with cash and reserve replacement becoming increasingly challenging, these companies have turned on their capital expenditure spigot.
Exploration activity has perked up. Companies have also boosted their production rates to benefit from high commodity prices. The impetus on growth from the drill bit has translated into rising rig utilization and day rates. This in turn has resulted in a boom for oilfield service companies.
Oil companies have also not been shy of acquiring reserves through buy-outs.
Earlier this month, ChevronTexaco (CVX: news, chart, profile) agreed to acquire Unocal (UCL: news, chart, profile) the ninth largest oil company in the U.S., for $16.4 billion in cash and stock.
Given the reported competition for Unocal's assets from the likes of China's CNOOC (CEO: news, chart, profile) , Italy's ENI (E: news, chart, profile) and Australia's BHP Billiton (BHP: news, chart, profile) , speculation has triggered on what the next deals will be. Names like Marathon Oil (MRO: news, chart, profile) and Occidental Petroleum (OXY: news, chart, profile) get mentioned as potential targets. Royal Dutch Petroleum (RD: news, chart, profile) and ConocoPhillips (COP: news, chart, profile) are viewed as potential acquirers.
After surging 55% and 29%, respectively over the past year, crude oil and natural gas prices have rapidly come off their highs over the past few weeks. For one, anecdotal evidence on a slowdown in the global economy is building. The International Energy Agency has lowered its forecast for world oil demand for the first time in four months.
U. S. inventories of petroleum products have increased at rates in excess of seasonal patterns.
Having raked in impressive gains, shareholders in the energy-related Fidelity Select funds may wonder how the funds' managers are positioning their funds for the period ahead. What companies and segments of the energy landscape do they find compelling enough to heavily weight their funds?
Perhaps we can gain some insight on this by comparing the recently reported top 10 holdings as of March 31 with those held at the end of the previous quarter.
GlobalSantaFe and Occidental Petroleum in favor
Among new entrants to the top holdings of energy-related Fidelity Select funds, GlobalSantaFe (GSF: news, chart, profile) and Occidental Petroleum (OXY: news, chart, profile) standout.
GlobalSantaFe, which provides offshore services with an emphasis in deepwater drilling, appeared in Fidelity Select Energy Services and Fidelity Select Natural Gas. The company recently priced a secondary offering of 23.5 million shares or about 10% of its outstanding shares. The proceeds from the offering will be used to buy an equivalent number of GlobalSantaFe shares currently held by Kuwait Petroleum.
Occidental Petroleum, an integrated oil company with exploration, production, and chemicals businesses, now figures among the top 10 holdings of Fidelity Select Energy and Fidelity Select Natural Resources. Commonly viewed as a take-over candidate, Occidental is well positioned to benefit from its reentry into Libya.
Heavy on oilfield services
The three energy-related Fidelity Selects as well as Fidelity Select Natural Resources show a striking concentration of energy service companies.
With Halliburton (HAL: news, chart, profile) entering the top 10 fray in Fidelity Select Natural Gas, oilfield service heavyweights, Schlumberger (SLB: news, chart, profile) and Halliburton, find a top 10 berth in all three of the energy-related Fidelity Selects as well as Fidelity Select Natural Resources.
Additionally, the composition of the top 10 holdings in Fidelity Select Natural Gas is notable for its energy services emphasis. In addition to Halliburton and GlobalSantaFe, Noble (NE: news, chart, profile) , Pride International (PDE: news, chart, profile) , and Weatherford International (WFT: news, chart, profile) join an already long list of energy service companies which includes Transocean (RIG: news, chart, profile) , Nabors Industries (NBR: news, chart, profile) , Schlumberger, and BJ Services (BJS: news, chart, profile) .
Further, the recently completed merger of National Oilwell and Varco to form National Oilwell Varco (NOV: news, chart, profile) gained favor as well. This combined company is a top 10 holding of Select Energy, Select Energy Services, and Select Natural Resources.
Smith International is one oilfield service company that falls out of Fidelity Select Energy's and Fidelity Select Energy Services' top 10 lists. Smith has had trouble unloading its low-margined Wilson International unit that distributes pipes and valves.
Light on potential takeouts
The energy-related Fidelity Select funds tread noticeably light on independents like Anadarko Petroleum (APC: news, chart, profile) , Devon Energy (DVN: news, chart, profile) , and Marathon Oil, all of which are rumored to be take-over targets.
Likewise, well-oiled acquisition machine, Apache (APA: news, chart, profile) and North American gas play, Burlington Resources (BR: news, chart, profile) fail to make the top 10 cut in any of the energy Selects.
The funds also did not find Unocal compelling enough to include as a top 10 holding prior to the ChevronTexaco's buyout announcement.
Optimistic on majors
Major oil companies BP (BP: news, chart, profile) , ConocoPhillips and Exxon Mobil (XOM: news, chart, profile) continue to be well-represented in the Fidelity Select energy funds as well as Fidelity Select Natural Resources.
By the same token, these funds do not find the restructuring activity underway at Royal Dutch Petroleum compelling enough to warrant a top 10 position. Ditto for ChevronTexaco, which had trouble reversing a string of year-over-year production declines.
Our take
The commodity price environment in recent times has enabled oil companies to add bountiful amounts of cash to their coffers. Reserve replacement however continues to remain challenging for most oil companies.
Access to most of the world's oil rich landscape remains difficult either due to political considerations or tax-related issues. Drilling costs have escalated. So too have the market values of public oil companies. These factors add to the challenge of cost -- effectively replacing reserves either through the drill bit or through acquisitions.
To keep a handle on reserve addition costs, cash-rich energy companies will as such, continue to balance exploration with acquisitions. By heavily weighting energy service companies and treading lightly on independent oil companies, the energy-related Fidelity Selects appear to prefer the value creation prospects offered by the former.
None of the energy-related Fidelity Selects or Fidelity Select Natural Resources rate favorably on AlphaProfit's proprietary ValuM Investment Process. Notwithstanding the possibility of a 'new paradigm' in oil prices, valuation metrics in the energy space appear fairly rich. They will likely contract if cycle average commodity prices turn out to be lower than current.
As such, we find the risk-reward ratio in the energy complex unappealing.
Sam Subramanian is managing principal of AlphaProfit Investments and editor of the independent AlphaProfit Sector Investors' Newsletter, which makes recommendations on Fidelity mutual funds. Subramanian owns Unocal call options. (alphaprofit.com)
Content found in The Guru's Corner is subject to the terms and conditions found in the Disclaimer and does not represent a recommendation of investment advice. Investors should seek the advice of a qualified investment professional prior to making any investment decisions. (Disclaimer)
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Any comments on the paid coverage? I am normally very cautious about paid pumping, but at least it's restricted shares involved. That at least shows they expect a pps trend up rather than a pump/spike/dump. Rule 144 shares so we can keep an eye on it. Good example of paid pump and dump is BIPH, almost daily fluff PR's and paid promotions, I think that will show a big increase in OS at the next filing, IMO. Tranfer Agent for BIPH won't give updated OS unless company gives them OK. Good to have restricted shares here and low float.
http://biz.yahoo.com/pz/050418/76395.html
"Disclosure: Pentony Enterprises LLC and TalkingStocks.com LLC have been compensated a total of $6,000 in cash and and 12,000 restricted shares (Rule 144 shares) of TDYH."