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This is a joke $0.11 WTF
StormyMonday I just read one article on CNN and according to one analyst gas prices have the potential to double this year. According to this analyst NG price is normally 6-9 times cheaper than that of Oil and currently Oil price is 12 times more expensive compared to NG. I read few other articles that confirm this trend but they are not as optimistic as this particular analyst.
I added myself 5K today
In my opinion we wont see a huge move until 2009. I'm planning to hold until the end of 2009. Hope by that time we are at $2-$3
Oxyurid if it does drop under $0.10 I'll double my position...
PRVB just changed their symbol to PWDR
I'll ride the wave to the end too
Oxyurid good point
jjgarcia give it one more month to reverse...
It's normal for this stock to go down at the end of the year since there are some investors selling for tax purposes (to report losses).
Just keep it in mind that same investors will come back next year. If I were you I would just buy more like I'm doing and wait.
This thing is traded at 3.7 PE (and about 2PE for 2008) and is going down.
jjgarcia it says -> Acquisition (Non Open Market)
I assume its some kind of compensation
JJ here is the link to the PR released on 11/05/2007
http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?capId=1000631
They will be changing the name on Dec 1, 2007 to Powder River Petroleum International
6 dollar man
I saw it to. Nice trade. Was that you?
jktdet I'm waiting for those production numbers myself
Does anyone know if on shareholders' meeting they said anything about production vs. WI Revenue for 2008.
Oxyurid good analysis
LPMOST Thank you for the clarification.
I guess my math was incorrect. It's not $0.50 but $0.58 (you were right I forgot to discount the $0.25 they need to pay for the first 2 mill shares)
If they exercise the option for 2 mill shares and sell their other 2 mill shares for $0.58 they should get their $2,000,000
Comment: However technically nothing can stop them selling all 4 million shares at any price over $0.25...
James444ct I've been waiting for 2 years hope you are right
LPMOST well what will stop them to sell all the 4 mill shares at $0.50 ????
LPMOST the deal is $500,000 cash and 4 mill shares so $0.50 will get them to $2.5 mill
golden08
They have 2 mill shares at $0.25 and 2 mill at $1.00
Technically if they sell all 4 mill shares at $0.50 they will get their $2,000,000
But I would agree with you that they most likely will keep their shares to maybe until the PS gets closer to $1.00
LPMOST thanks for the clarification
This is what I really liked about this morning's press release >>> Completion costs have also been estimated to reduce by approximately 25%.
One more comment>> We should expect that the first 2 million shares to be sold above $0.25 which tells me it will be a bit harder to get to $0.30. I suspect we wont see $0.30 this year
I wonder when the bleeding will stop
We run out of steam rather quick...as usual
Let's see how the day will end
nice volume this morning and the bid is steady at $0.23...I think we are ready to POP
GOLDMAN007 welcome a board
We are looking very good today.
Good volume too..
The bid is at $0.225...I'm pleased
Hope it will break $0.25 this time
I guess I was wrong
We are up on no-volume again...
estock50 good thoughts...
Oxyurid
True but we have oil wells coming up that will affect PRVB's profitability in the future quarters. Am I right?
Oil hits another record $97...
Wow...heavy trading today again...
jktdet thanks for the info. Great staff... I feel a bit better now...
it seemed it will be nice trading volume today
jktdet Mick probably passed away from posting on this board he he he.... and last I heard from Stormy he was planning to sell. Hope he didn't for his own good.
Oil hit new Record... It will be an exciting 4Q and 1Q if gas can just pick up a bit....lets say $8
crudeoil24 Yeah I heard you. Its called Greed... I missed myself last 12 month alone 3 pops There is no way I'll miss this one...
crudeoil24 this was a good move.
I suspect we will be on the downside for the next few month until the share price stabilizes. But if the earnings do not support this price in the following 3Q and 4Q this baby will drop down to where it was. But lets wait and see
we need to close above $0.24....Maybe tomorrow
hillzman I'm Ok if Fox is getting his 10% from selling WI as long as the company is showing consistently better results. What I am trying to say is as long as this 10% bonus is justified by increase in top and bottom line I have no problem with it