Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
ALRY undervalued?
I think it is if put in perspective. Crude oil is $122 a barrel, ALRY is four cents. One barrel of oil buys 3000 shares of ALRY stock. One share=1/3000 barrels. 1/3000*42gallons=.014 gallons per one ALRY share. .014*4 quarts = .056. 1/.056 = 18 shares per quart = 9 shares per pint = 4.5 shares per cup crude or one share buys 3.5 tablespoons crude. Check my figures but they should be correct. Even at twenty cents a share, one share would still buy you less than a cup of crude oil. Oil/Gas are very valuable commodities, and Allenergy is sitting on lots of it.
All shareholders are feeling the pain copley, but what can we do but wait it out or sell. I'm convinced that Allenergy is worth more than four cents a share. It looks to me as though a seller is taking out his frustration with the company and dumping into all the bids above four cents. Once he's out of shares, and the company releases some good news, we will fly again.
It's certainly our turn.
HMGP just printed .125, quite a turn around as it was trading for less than Allenergy just a couple weeks ago. Cruel irony when crude prices are over $122 a barrel, natural gas is over $11 and Allenergy production is at it's highest level ever.
You could have said the same thing about HMGP two weeks ago, it was in the toilet along with ALRY. It's back to almost nine cents.
There was an after hours trade bigcoinman2002.
http://investorshub.advfn.com/boards/quotes.asp?ticker=ALRY
New 52 week low today. I see a big disconnect in the stock price and what is actually being accomplished in the field. With over 150 wells on their producing properties, if each only produced one barrel of oil per day apiece, in a year that would be $5.5 million dollars in revenue. The total market cap of the company is $4,000,000! The market will eventually catch on to this undervalued play, and when it does we will see 52 week highs again!
Those types of lists are self serving, whomever puts the list together has their favorites or not so favorites. A few months ago we were at the top of pre-gold rush column, what good did that do? Pink sheets stock Winning Brands at the top of the list has an A+ rating, also has 775 Million O/S with a 5 billion A/S giving it a $20 million market cap at todays prices. Not my cup of tea. With high oil-natural gas prices, and decent production, we'll get out of the quicksand soon enough imo.
That sounds even better. 20 times the present market cap!
Natural gas up as well. At $106 a barrel and natural gas $9.50, wonder what $$$ amount ALRY has in reserve on the Ball lease alone? If there were 100,000 barrels of recoverable oil, that alone would be $10,000,000, twice the market cap! The Blasie and Melander fields located 21/2 miles East of the Ball Lease produced 100,000 barrels of oil before prematurely losing their gas drive. As I understand it, Allenergy is proceding cautiously to prevent this from happening on the Ball lease. As for the stinky share price...our time will come. Production numbers should help it along imho.
Allenergy is a legitimate company, I know because I've been out on the leases, withnessed the drilling and seen the production just as many others have. These personal attacks on the CEO and company are totally without merit.
Well said bigcoinman. We don't know what the funds will be used for....its a positive assuming they shore up the balance sheet, pay off debt, get current on their financials, or attain more leases. The more leases and production Allenergy gathers, the more the company is valued, and a bigger target for a buyout. Where were the naysayers when ALRY was.12 a share and a marketcap of over $8M and oil at $40-$50? We had one discovery well on the anticline and maybe 2000 barrels per month. We now have several pumping with the best one yet going on line this weekend and set to exceed 4000 barrels per month, with oil over $100.
Sorry about the multiple postings. Kept getting an error not realizing it was being posted. Moderators please delete the extras. TIA
I managed to get a few (5K) at .041, thats all I could get before the jump back up. I have alot of shares, so I don't really need anymore, but always looking for a bargain. Allenergy crews will be working on the Ball lease getting the newest Redd Sand well on line this weekend. It seems that spring has arrived in SEK, although temporary perhaps, but things are drying up nicely. Sunny and high fifties today and sixties tomorrow. I hope Larry, Rex and crew realize that at least some of us appreciate all the hard work they are doing and don't believe the garbage that has been thrown their way. Although its unfortunate that all the hard work hasn't resulted in a higher share price, I believe it will come. The ball lease alone is worth at multiples of the market cap! If its 108M shares so be it, compare that to ERHC Energy, with over 700M shares outstanding and a market cap of 159M and no revenues.
That be me....LDC. Had a great day with Larry, Rex, Andy and crew. I encourage any shareholder to make the trip to Independence and see for yourself. Got to go atop the anticline between the drilling and logging on the Fields lease, lots of progress has been made since my last visit, more oil and gas is coming out of the ground and into the tanks and pipeline. Imo, this is one of the best oil discoveries in that part of the country. This lease alone imo is worth multiples of what the company stock is trading at. The bad weather hasn't deterred them, they always find a way to get the job done...while other operators were pining about the cold and the muddy fields, allenergy took advantage of the hard freezes to get out on the leases and get the work done. Its not all peaches and cream, but they enjoy doing it....and lets face it, $100 plus oil can be a nice incentive.
Thanks, I needed that, I bought 50K last week and 12K more today.
I bought 12,000 at .047, and then BOOM, the bottom dropped out, should have been more patient. I don't see your bid Idrill. Hemi is having a pretty good day, but not ALRY, when is this dumping going to be over? This is depressing, I think I'll go outside and enjoy the 50 degree weather.
If they purchased a drill or bought a drilling company, that would be fantastic. This would complete the circle, production, servicing, and now drilling. I can see now why Larry was being so ambitious in his first quarter drilling schedule/predictions. I can't believe this stock is so cheap, it should be worth much more imo. Welcome aboard ALRY to makesumgravy, I think we have a winner here! Thanks to blackoak for sharing the details of his trip to Dorothy land. I take it he's not in Kansas anymore? Good weather coming to SEK, fifties and sixties and dry next week!
Oil up...ALRY down...hard to follow the logic of this inverse relationship. I'm looking forward to the day when I see green!
Great pick CTUM turned out to be, up forty cents in two days! To bad I don't have any. If ALRY ever decides to make a run like that, I'll never have to work another day.
Looks like they're after oil and gas nuggetman. Is that the way you read it? These guys are really getting serious. Maybe the stock will get out of the rut once this company gets noticed.
Here's the Chautauqua county leases.
2,060 Acres:
~Ball Lease -- 480 Acres situated on the Longton Anticline with powerful geology that suggests multiple producing zones, several Arbuckle plays,coal bed methane existence, and multiple producing oil sands.
~Fields Lease -- 300 Acres in the middle of newly-discovered coal bedmethane fields, Allenergy was successful in securing this lease ahead ofseveral major independents who previously sought the property.
~Thorne Lease -- 160 Acres located 1.5 miles south east of the newly-discovered "Mississippi Lime," which came in at 235 thousand cubic feet of gas and 13 barrels of oil per day. The Thorne Lease includesseveral oil producing zones and coal bed methane.
Thorne Home Lease -- 160 Acres adjacent to the Thorne Lease, containingthe same geographical attributes and potential.
~Dark Treasures Lease -- 960 Acres contiguous to the Ball Lease,consisting of four leases, the Moore (160 acres), Clark (400 acres),Pendleton (240 acres) and Bayless (160 acres), with each lease held by onegas well, currently producing more than 80,000 cubic feet per day of natural gas.
Oil prices to go higher...here's why
"Crude gained on word that oil exports from Nigeria, Africa's biggest oil producer and a major U.S. supplier, could fall by as much as 1 million barrels a day due to the nation's deteriorating security situation and planned maintenance. Nigeria is locked in a long-running battle with rebels intent on hurting the nation's oil industry infrastructure.
Prices also rose on news that North Sea oil production has been cut by 280,000 barrels a day due to technical problems at a Total SA oil field, and that Russian crude output could fall this year due to the depletion of a large oil field, said JBC Energy GmbH, an energy research firm in Vienna, in a research report."
Allenergy is sitting on top of oil and gas, lots of it. It would be interesting to get an estimate on the reserves they are sitting on in Montgomery and Chautauqua counties.
Actually you own .425% of the O/S assuming its 65,000,000. The consensus here has been more like 68,000,000. The sun is shining today in SEK, the 6 to 10 day forcast looks promising for work on the leases imo.
Lets hope it's not what they've done! This is still a five cent stock with great potential.
I beginning to think there's no reason to help out these dumpsters anyway. They've already got enough of my money from twelve cents down to five. If they cared about common shareholders they wouldn't drive the price down, they'd sell what the market would have absorbed. Maybe we should let them take it down to two or three cents. Sorry for the sarcasm.
I can't imagine the seller being anyone other than a 504 investor. We haven't had prices below a nickel in over a year so not any profit in dumping. The question I have is how will we know when the rascal is finished selling or at least how many more he has in his arsonal?
A skeleton walks into a bar and orders a beer and a mop.
Sounds good nuggetman. 600 barrels oil X $80 = $48000. I'm forgetting how many barrels of oil the big tankers hold. I'm thinking approximately 100 barrels, that would be 4200 gallons. So, if we're filling up two 200 barrel tanks (four tankers) and have to wait for pickup, the question becomes, how long is it taking to fill up the tanks and how often are the tankers available for pickup? At any rate, its nice to have this type of problem.
The marketcap of the aforementioned company is 11.5 million with less than $2000 per month in revenue and bleeding red ink. ALRY's meager marketcap is approximately $3.5 million with projected earnings in the hundreds of thousands.
We must be sitting on a gold mine.
I found this otcbb stock trading for nineteen cents with a year high of fifty five cents. Get a load of the revenue!
RESULTS OF OPERATIONS FOR THE SIX MONTHS ENDED SEPT 30, 2007 AND 2006
The revenue during the six months ended September 30, 2007 was $7,200 and was generated from the lease of the thermal pulsing pump. The lease was cancelled in June 2007 and the equipment returned. In addition during the six month period the Company earned $2,826 from oil and gas sales. There was no revenue for the same six month period of 2006.
Allenergy's projection is for 4000 bopm. That would figure out to be monthly revenue's of approximately $300,000 on oil/gas sales at todays prices imo. We also have RHWS that hasn't been talked about much. Are these figures close to what some of you are thinking as well? If so, why in Heaven's name are we selling for a nick?
There was a whole lotta dumpin goin on yesterday, no doubt about that. I soaked up 25K today to help out. I hope the dumping is over, I don't need anymore cheap shares. Good Luck.
Thanks for the update nuggetman. On TV today, analysts were saying gasoline $4 and oil over $100 by memorial day. World crude production is set to peak in 2008, I think Arabs will curb production to keep the price high and conserve their reserves imo. We'll need whatever domestic production these companies can deliver. For some unknown reason these small O&G plays are being overlooked, one day, hopefully soon, we'll be the flavor of the month again.
Let us know when you figure it out. Nothing is making sense when you consider the company is drilling and completing wells, doing service work for CEP, oil prices are staying above $90, and gas is above $8. Why would anyone be dumping shares?
Isn't that Felix the cat, the wonderful, wonderful, cat? I don't know about the rest of you, but I buy a stock to make money, period. I do not want it to stay low, I want it to go up, we've had three months to buy low. If it goes up two minutes after I buy, so much the better. Lets get some news soon before Felix wears his paws out.
They (USSU) have an unusual EOR (Enhanced oil recovery) technique, using nitrogen to pressurize the formation, forcing oil into the well bore. I don't know how successful they will be. A two hour special on Crude oil can be seen on the History Channel tonight. Check your local listings.
http://www.history.com/shows.do?action=detail&episodeId=260656
If we used USSU as a yardstick on how to fairly value an oil/gas producer, ALRY would be trading at $4 per share imo. How did I come up with that you ask? Outstanding shares of both companies 68,000,0000. ALRY produces 2000 barrels oil per month, USSU 350. 2000/350 = 5.7. ALRY would be trading at 5.7 times USSU or $4.00 per share based on production. Forty or fifty cents for ALRY sounds more reasonable imo.
USSU had $87,000 in revenue for the quarter, divide that by 3 equals $29,000 per month, divide that by $80, and you get 362 barrels of oil per month! ALRY is already producing 2000 BOE per month, and projecting a doubling in first quarter 2008. USSU had an operating loss of $282,000 for the quarter while ALRY has said they are profitable. I know that management is not happy trading on the pink sheets, but what do you do? I wonder if they have explored merging with a clean otcbb shell (one with no business model)? This would be less costly imo.
I want everyone to look at this balance sheet.
An energy company on the otcbb trading at .87, then come back and comment on what we should be trading at in comparison.
http://finance.yahoo.com/q/is?s=ussu.ob
If you're getting your entusiasm from Larry, I must say things must be going very well in the oil patch. I'm waiting for the market to get excited as well, then I'll be tickled pink or should I say green. I'd like to see another write up in the Wichita Eagle about the new un-named (Sanford?) zone, hopefully prolific one at that.
A wolf in sheep's clothing??? Hmmmmm??? You may be right. I was hoping we could get a bump this Friday above six cents on anticipation of news next week. I think the time is ripe for getting the word out, oil is above ninety cents, gas near 8 dollars, and they are drilling wells as we speak. Its nice that royalty checks are going out, shows the company is moving forward and making a profit, but isn't it time for the common shareholder to get paid as well?
ALRY hasn't closed above six cents since December 14. What's it going to take to tear this wall down?
Thanks for the update nuggetman. I have no doubt this will be a successful year for Allenergy and its shareholders. Next week would be good for an update, perhaps the markets will have had a chance to settle down.
Ok, if we can't "weeeeeee" on ALRY board, can we at least say "WOW", or is that not allowed either?
http://investorshub.advfn.com/boards/read_msg.asp?message_id=18401742