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Armada Oil will come back strong the last half of this year. As I look at the bid size and price on Level two it looks like somebody is trying to force this stock down. Bid at 0.25 underneath that is bid at .020 cents and underneath that bid at .016 cents such wide gaps show that traders or market makers are not showing their hand in the in between prices trying to show weakness. I don't buy it this stock can go up a lot faster than it can go down.IMO
I told you in a post Armada Oil could go back to .017 cents to 0.25 cents a share a couple of weeks ago. Hank was right he got out when the stock went to .037 several months ago. I am not throwing good money after bad. yeah I could buy more than double what I have now only if the stock drops to .016 or .017 and things are still looking good and no bad news anywhere. when big boys are predicting oil at $ 50 dollars per barrel by end of year I have to be cautious. I don't believe oil will ever drop that low no one knows the future yes we are all under water. I believe the traders or market makers are Naked short selling this stock and buying it back in 3 or 5 days I forgot how many days they have to buy back. If the public would just hold on and not get scared and sell. Armada needs to get out another PR before the first of August volume seems to be low. A good PR will send this stock up 7 or 8 cents quickly. IMO
Armada oil stock price is slowly dropping The company told us how much better it would be for the merger and gave us several reasons for the merger but I guess it will take more time. in the last PR I was curious because Randy did not mention drilling a horizontal well in Oklahoma or Wyoming but doing more work in LA. This leads me to believe the company is trying to decide the next move account of money problems or lack thereof but the company is producing over twice the oil they did last year when they were producing 362 barrels per day. I think they are buying time as revenue comes in. The company is aware of the price drop in Armada stock if it is undervalued at $.040 cents then it is way undervalued at 0.25 cents patience is golden did the company drop its option on 23,000 acres in Wyoming I could not tell from the PR that said they turned back 1,275 acres to the other company they had a contract with. what a difference a good producing horizontal well would do for this stock. IMO
I am not shorting Armada Oil stock Ameritrade will not let you short a over the counter stock I have put in orders to short this stock at $ .80 cents way back. Only thing I know they may sell stock to raise capital to drill and only company officials know that. This would dilute the shares a little. A big buyer will come in soon just wait a litter longer. This company is not going broke they have 56 drill locations and some proven on LA leases. I think it is the traders doing this I had order to sell 20,000 shares at .35 yesterday and it traded 5,000 shares at .35 but I did not get a fill on this order. the trader kept it and bought it back at a lower price strange things happen with the traders in OTCBB stocks. I bought some more yesterday but I have stopped buying. waiting for a PR to come out by Aug 1 and it may move this up a few pennies. IMO Good luck
Armada Oil is at a crossroad right now. They can drill another well in Oklahoma for about 2 million because they have already bought the equipment pipe, tanks for the completion of this well if they drill in Wyoming the cost will be 3 to 4 million. The well in Wyoming has a deadline date to start drilling I think we see another PR before August the first. IMO
Armada is not creating enough buyers on Pr. Armada Oil will have to trade at $ 1.00 or above for 30 days before then can trade on a major exchange that's the way I understand it. When they complete a horizontal well in Oklahoma or Wyoming and a good producer then this stock may achieve that right now we are stuck in this range so I will hold on and buy more at a certain price. IMO
armada now producing around 770 barrels of oil per day, not bad next round should increase up to 900 barrels of oil per day or more. I am still buying.
The lady for public relations explained it all to me. it has to do with the reporting to the SEC of company financials account of the merger with AOIL. everything will be ok don't worry it will be taken care of. The main thing is increased production in LA so the company can drill in Wyoming that's the PR I am waiting on. I hope they don't have to borrow extra money for that.IMO
It is strange that the lady Public relations officer for AOILE works out of Idaho not Dallas. The number is 208 292 4241. something is not right.IMO
On my screen they show AOILE bid 0.15 ASK.70 AND AOIL ON MY SCREEN SHOWS .028 BID AND 0.28 offered. What is going on I tried to call company my cell phone not getting them so I will try on my house phone. The Company needs to explain quick.
it looks like Armada oil stock is beginning to start a little run. Randy Griffin on June 12 PR stated they were coming along well on their increased production in LA . If they achieve they goal or exceed their goal in LA then I think they will drill next Well in Wyoming starting in Late August 2013. I expect a PR about July 15th or 20th to explain their recompletions so far in LA and their drilling date in the Niobrara shale in Wyoming. sounds like they will still be working in LA on wells while they are drilling in Wyoming. Completion of a horizontal well in Wyoming making 500 to 800 barrels of oil per day would shoot this stock to $1.00 or more with prospect for many more wells almost as good as the wells in North Dakota. Things are looking good I have not sold my stock. I am still buying below 0.29 and this stock may be a winner.IMO
Armada oil told us it is possible to complete 16 wells on one section of land in Wyoming. That is right it is called Octopus drilling the new technique in drilling A oil company in Colorado completed a record 28 gas wells on drill pad site using this new technology and saved them 2 million dollars. They don't have to move the drilling rig around so much.
I would like to set the record straight on Armada oil, I won't all of you to go back and read the last PR. in it Randy griffin said that he believed Armada oil was undervalued or the company said it believed the company was undervalued I have not talked to anyone in the company for months about anything so someone is talking about something he knows nothing about see post 161 this is supposed to be a forum to have fun humor and express our opinion apparently this is not the case. I will still be watching your post but I probably will not post. I hold no hate in my heart for anyone on this board I love you all just had to clear the record. Happy trails to you.
To all of you on this board good luck on our Armada oil stock. As of today I will not be posting anymore on this board. I will be moving on somewhere else good buy and good luck.
Armada will run up again in price yes sometimes I have seen some stocks run up for no reason at all but you can make money when stock dip also. to bad we can't short OTCBB stocks I tried to short Armada .80 cents per share Ameritrade would not let me. I sometimes short stocks on other boards over a dollar and buy the same amount Long therefore I have no worry and hold until it comes to its low or high depending on a lots of things I sell and hold the one left until a profit. I trade Armada on both sides and make money if I won't the stock to go down I put shares on the asked side 2 or three cents above the asked 10 to 30 thousand shares this usually does it if there is no news coming out especially after a PR because I know it will be a month before another PR hits same way on the bid size this generally works for me. look at it this way we are actually buying Mesa at these prices Armada was nothing only had a lease in Wyoming and under water but we had 84 million shares in Mesa, in Armada only 54 million shares that makes a little difference. Yesterday someone had 50 to 70 thousands shares to sell that's the time I go in and put another 10 to 30 thousand a penny or two above his ask price in most cases this is my time to move to get the stock down same way on other side. You play the stock your way, I play the stock my way. Armada has great potential but they have to prove it. I image we are all under water but the better days are coming. IMO
Armada Oil could drop back to 17 to 20 cents yes there has been no change the company has not reported any recompletions but says they started May 1 working on recompleting wells in LA and we are at least 30 to 40 days from another PR go figure. but the more it drop the more I buy.
Armada should be producing 900 to 1000 barrels per day before they go out and start trying to sell the company to investors. the PR the other day did not mention one well or dry hole they had recompleted in LA since May 1 that is 40 days they should have recompleted 2 work over wells in that time length. They did recomplete a well last year that came in at 260 barrels per day maybe they will get lucky and surprise us with some good production recompletions. I have read on the Niobrara shale in Wyoming where a well came in at over 1700 barrels per day another at over 1200 barrels per day initial production and some dry holes. did the company give up the 23,000 acres they had a option on in Wyoming the PR the other day sort of mentioned that I am not sure. I am in at 0.335 so I am in the loss column thus far. we can all look for better days I hope. IMO
I emailed Armada oil today to give us a Press Release by June 15th on field operational results in LA. we should not have to wait 2 or 3 months for this report that's not doing the shareholders right. I don't expect it but I hope they do I will let them know what I think anytime I think I see something wrong. Hurry Armada get going
Armada is counting on increased production in LA fields before drilling another horizontal well. They are authorized for 100 million shares. I believe they were thinking about a reverse split to get the price up and then issue shares for cash if they had to maybe issue PFD shares. The cost of a recompleted well in LA is $ 100,000 thousand to $ 200,000 dollars very cheap and they are using cash from operations to do that. They have to drill the well in Wyoming by October 1st I believe to retain land from Anadarko petroleum. stock looks strong, 7,000 shares traded yesterday and only 5,400 so far today. I have a order in to buy at 0.3151 We will be ok if market does not tank or oil does not tank with war clouds in Middle east oil may take a big jump. I am also looking at PLUG and BLDP hydrogen fuel cells to run cars & buses. IMO
Armada oil will announce in June the drilling of the first horizontal well in Wyoming and where it will be yes it will be on Anadarko petroleum land that they have a agreement with Armada for Armada to drill on I sent Armada a email the other day I will email them again soon asking for a PR by June 15th to keep stockholders informed of their progress in LA we have a right to know what is going on even if it is only one well I notice the trader DLNY on OTC had a offer to sell 2500 AOIL at .32 Tuesday and many shares sold at that price and he never changed his offer and on Wednesday he upped his price same 2500 shares to .33 cents per share and today he upped his price to .34 cents per share the same 2500 shares evidently he is holding back shares to throw on the marker at .34 cents and not showing the real amount of shares he is trying to sell this IMO
Someone has a delayed not showing sell order on Armada at 0.32 they are showing 2500 to sell at .32 cents and it never changes but the stock keeps trading at 0.32 cents and it will not change until all the shares have been sold at 0.32 cents IMO
Someone is unloading part or all their position in Armada I am buying bought 25,000 shares yesterday at the low $ 30.01 to $0.32 and will average down and buy more when Armada completes a horizontal well we may expect a big rise in the stock also I pray no hurricane hits New Orleans this year and our wells have to be shut down for 2 weeks hang on if you can as we may triple our investment by first of year. IMO
Armada oil stock is holding up as far as the volume is concerned low volume each day last two weeks except for 1 or 2 days about me bashing the stock and then going bullish well when I see others on this board and other boards bashing so do I this is the way people make money I bought 25,000 shares at 0.3011 up to 31.5 and sold at o.36 and 0.37 and made about $1,000 dollars last week got to make money somewhere I have been in the stock since 2009 I don't wont to get in trouble looking like I am trying to manipulate this stock if I thing the stock is going down I will sell some shares even if I have a loss in the stock in order to buy back at lower prices according to things going on in the stock or stock market or price of oil if you own lots of shares and the price of stock is o.34 bid and 0.38 offered if you buy 200 shares at 0.38 or even 500 shares and hoping someone follows and buys at 0.38 if you do this often your broker will tell you not to do this because SEC may say you are trying to manipulate stock I went bullish after May 9th PR because Armada is going all out for more production in LA which is proven territory also Armada uses the Gas uplift system they use the natural gas in the well to force the crude oil to the surface making it a flowing well so they don't have to buy electric motor or pump jack also they still looking for more land in LA this is IMO
Armada Oil is working hard to increase production yes it would not surprise me if they had 2 work over rigs running on LA property to increase production Randy Griffin said in Q10 by the end of June of quarter 2 their production would be significantly increased in LA also their stock has to trade above $ 1.00 for 30 days to get on one of the 3 stock exchanges I think this is the rule also Armada has issued 844,000 warrants in regard to a loan the lender can purchase one share of Armada at a price of $.75 cents starting Sept 1. 2013 good for 5 years so why is our stock trading at O.35 cents it should be like $0.50 cents as Armada may put out a PR by June 15 or a PR by July 15th covering all recompletions in LA field the stock is going to rise by July 15th and then maybe the reverse split and announcing the horizontal well in Wyoming or Oklahoma and a completion will get it on the major exchanges IMO
Reverse stock split for Armada oil is coming, yes a reverse stock split 2 for 1 should be announced as soon as accounting is completed for the merger if this is so then there will be 27 million total shares in Armada with about 13 million shares trading on the market so this will shoot the stock much higher especially if they complete their goal in LA oil fields remember they have 58 new drilling locations on property in LA remember we are also buying the potential of Armada to increase stockholder value a lot by the end of the year in Wyoming and Oklahoma look at LEI they have 34.5 million shares total and 27 million shares on the market stock selling for $1.29 and they lost 10 cents per share last quarter Armada is a better bet IMO
Armada 3D shoot on their Wyoming property should be finished by now and the company will read it and determine the best place to drill on our property also this included the 7,000 acres that APC give us to drill on next to our property the company should give us information on this 3D shoot on our property probably cost 100,000 dollars to 300,000 thousand dollars it is not cheap have a little patience I believe its will work out.
I am sure Armada will make a comeback yes right now Armada is at a low period however remember over 600,000 dollar loss during the first quarter was due to the merger if this is considered the merger they will not have that charge again than the loss is actually .03 cents per share for the first quarter not bad but we gained 33,000 acres of prime land in the middle of the Niobrara shale in Wyoming 26,000 acres and another 7,000 acres ANAD made a contract with Armada to give us provided we drill a horizontal well every 180 days on their property they retain a small royalty also the new man on the board of Armada is a negotiator who will look after new small companies to buy, leases to buy at the lowest prices or look at oil properties for sale at the national oil sale auction which is held every month in OK city I believe not sure about Ok City just you look at other oil companies such as MHR or BERI MHR lost 1.02 per share for the quarter this is good size independent everyone should be aboard when Armada drills the next two horizontal wells I will have some more info soon IMO
I am becoming more bullish on Armada after the last PR glad to see they are going all out to up production in LA I believe they will up their production 50 percent instead of the 20 percent Randy said they are shooting for remember Randy said the last recompletion was producing up to 200 barrels oil per day so if they have only one well coming in at 200 barrels per day and the other 6 which will be producing more they should be producing 1,000 barrels per day is very possible in that case the stock should be selling at $1.00 per share I advise every one not to sell Armada at a loss and not to sell at all unless you have to until your profit is made. Sometimes I sell some shares with the notion of buying back at 2 to 4 cents cheaper I own 110,000 thousand shares at Ameritrade and 80 thousand at another company it probably cost the company half a million dollars more or less for the merger and another 1 to 5 million for the 26,000 thousand acres in Wyoming either to be paid more on or pay the lease off I do not know the contract or contents thereof just guessing Armada will be drilling a horizontal well in Wyoming in august where some wells around their property have come in at 900 barrels per day and they will be drilling another horizontal well in the ML in Oklahoma soon welcome to the new man on the board and advise him after the merger there are 54 million shares total in Armada The above statement is IMO
Re Catfish 1 I am the one who pulled the 50,000 shares to sell at 0.35 my cost is a little less than 0.35 while I run Armada down and its management I bought 2500 hundred shares yesterday at 0.3001 I play both sides I may sell some with the hopes of buying it back later at a lower price when the 0.3488 price goes higher I may re enter my order good luck to all.
With no good news for months and months armada oil can only go one way down the people who run Armada are idiots I will be gone out of Armada at 0.35 or over I have lost faith in their leadership.
Only 200 shares so far traded at 0.321 today I think everyone is waiting to see the next PR this stock could move up 5 or 10 points from here easily depending on PR I will buy more around 0.32 or 0.33 have bid in now of 2500 AT 0.331 will buy about another 10,000 shares and I will be finished good luck hold on a little longer help is on the way.
looks like Armada oil is tanking and could drop to 30 or lower may be a big mistake for Mesa to merger with them especially if they don't put out a PR soon anyone that bought Armada oil now has a loss since the stock started trading and former Mesa stockholders also most all have a loss I guess we try to ride out the hole management has dug for us. good luck
I believe Armada Oil has not announced the drilling of their next well in the OK Limestone because they have not located a suitable drilling rig the last rig they used was probable a old rig and not kept up in very good shape so they had better be sure this time they get a good one I see they had about 6.1 million cash on hand on April 1, 2013 and added to the profit up to May 1 may approach 7 million plus what they have loaned from the bank I am waiting to see next PR I won't to see their operational report Stockholders need more information than they are getting from Armada good luck.
Armada oil has already applied to be listed on the NY Stock exchange usually takes about 30 to 40 days to know boy will this give us a lift also what about this man Marceau added to the board of directors he has experience in mergers, acquisitions, buyouts, and capitol formation raising money I am still trying to figure it out it means they are getting ready to go. good luck to you all.
The cost of a lease is not a loss unless you can't pay for the lease and give it back to the owners I believe Mesa started to drill in Oklahoma in January I have never seen Mesa end of year 2012 report on earnings and other matters so I am not aware of a 400K loss for the whole year 2012 for Mesa what I am afraid of is we are not getting any information from Randy Griffin. I am not to worried about Oil prices going down Saudi Arabia and the cartel will not let prices go below 80 to 85 dollars a barrel they have said that they will cut production 1 million barrels per day or more if necessary to hold their prices at around 80 to 85 dollars per barrel also when the price goes down people buy more gasoline and the price goes up since summer is coming on and people travel more. have heard nothing lately about LA production which is important to me because that's what Mesa and Armada is counting on.IMO
Oil stocks are dropping like a lead balloon Armada lost 1 million dollars before end of Dec 31 2012 this was likely equipment bought for completion of this horizontal well which did not workout. I think they started this well after January 1 2013 for the first four months of 2013 Armada should make 4 million more or less profit from oil & gas sales in LA so far this year but now oil price has started downward horizontal drilling will stop in West Texas if the price of oil goes below 75 dollars a barrel according to the smart people and maybe a lot of other places but it will only be temporary.IMO
I am buying armada at 0.35 and 0.36 at 0.35 it is like buying MESA at 0.14. however don't know if it will go that low I sold only 3400 shares yesterday at 0.419 may wait until next PR comes out before doing much trading. lets here some good news from Armada I believe it will pay off if I am patient good luck to all.
I just got my shares of armada and have 40000 thousand in to sell
I forgot to tell you that the PR lady which I have talked to many times said Armada would drill the new ML well from one of the three wells they bought with the lease that way it would cost less and they know it will work because they have already logged it good. I believed this is what she said she also said as soon as the merger was behind them they would really fire up.
Armada oil advised me today that all the shares of Mesa will be electronically transferred to all the brokerage houses in the next two days to our accounts. they also told me a press release will be out by end of month on drilling operations and they will probably drill next horizontal in ML they were very cooperative.