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Just got 480000 @ .0024. Almost 5M in total!!! Go baby go... Need green closing.
What the hell is wrong with this pinky? How deep will it go. This started making me worried.
Thank god, its back on 3's again. 2' sounds scary. Lets hope it picks the momentum again. Volume is picking up since last 3-4 trading days, looks good to me.
Last two PR doesn't contain any new news for share holders. Its just repeatation of the old stuff. Lets hope the next PR brings some good news, till then this pinky will go down and stay in low '30s.
You are still in a very good position. I'm holding 2.7M with average of 0.0078. I have no clue when WRNW will hit that mark. But I still get a positive vibe about it. All I can do is WAIT!!!
How low will it go?? Lowman what is your stand on it? We are almost near our 52 week low right now. Also there is no update we are getting from the company. Something looks terribally wrong here.
Can anyone explain this? Also how long this down side movement last? It's not even friday yet and its already touching 0.0026 level and looks like it is going to set new 52 week low tomorrow (friday - the doom day...). I seriously hope i'm wrong here. And I'm sure many share holders are feeling the same rightnow.
Lets hope we get the update from the company soon and we see some positive movement on WRNW chart.
God Bless!!!
Whts up with the volume today? Just around 600K? Looks like PR here would highly appriciated. We soo need the completion on one of the deal now to go back to penny land again.
Go WRNW go!!!
Holding tight with almost 3M shares. My portfolio is all RED thanks to WRNW. Hope it will recover soon and go back to penny land. I dont understand why its going down and how much deep it can go?
Any idea about when big news is coming out? Running out of patience.
Holding 2.1M @ 0.0087. I hope stock recovers soon as its going down at this moment. Today itself it went down almost 25% for no reason. Does anyone has any clue about when exactly it will start going up? Yesterday I saw some hope when it was trading around 0.0065-0.0070 but it was a false hope.
I really hope i see green in my account and WRNW should go back to its 0.01-0.02 range atleast.
Good luck everyone!!! Hope for the best.
Just hit 0.006 mark with total volume of almost 10M. Looks like its heading upward now. 3rd LOI started doing wonders. Month of June will be rocking!!!
Go baby go....
Lowman,
What price range we are looking at for this stock in coming week(s)? At 0.0055 we hit the bottom or it can still go down? It's a panic time for me especially i see RED in my portfolio thanks to approx 2M WRNW. I am intend to hold it tight as no point in selling at this low price.
Could you please provide some generic guideline about where this company is going and what are the prospect? Will the stock be in dead zone for couple of months till the deal with TEAM and cementer will be finalized?
Thanks.
I thought it should be upward movement from now by looking at yesterday's chart. But its RED though strong at .0075 from yesterday. Where do u see this pinky as day progresses?
Looks like .007 makes most of them soo relieved. Indeed it is. Tired of downward movement since past 2 weeks. I wish i had more money left that i can put on this sweet pinky and buy her more but...Oh well!! hope this upward movement stays on track for many more good days to come!!! One positive PR, thats what we need at this point and that should be it to make it upto .02 or higher level.
P.S. while typing this.. it again back to .0065 :( too bad
Good luck folks!!! Wish from LA
Woho!!! I see 0.007 now. Good to see that after sucha long time. Hope it stays there or go above before EOD!!
welcome back lowman!!! looks like forum is going through major changes daily along with WRNW.
0.0065 looks scary to me. It started going down every since it showed .015 last month. Will it again go back to its level or will show some upward movement? When can we expact that? How about a much awaiting PR? Any idea?
thank you everyone for ur kind help!!!
Also, i was wondering if charlatan has prepared any estimates on WRNW...
I'm a newbie to this forum. Could you please send a link to me or please let me know where exactly in the forum i can find it? Thanks.
Charlatan, could you please send a link to your DD on WRNW?
So all we can do is just wait and watch and hope for the upward movement. I doubt it that it will happen today. May be Monday. Lets hope will hear some good news or at least a PR from CEO to drive the momentum.
No money to put on rightnow :( so time to go for me i guess...
Its hitting .0075. Any explanation on that? It suppose to go up but looks like it likes the downtown. Look at last 5 days chart. Its dropping at least .0005 everyday. Combining all makes a lot of difference.
Does management have any plan to release the PR or provide some update to the share holders? Last update was on 3rd. No news after that.
I am newbie to the pinkies. Please bare with me if i ask silly question. I was wondering if pink sheet stocks declares their quarterly financial results or not? If yes then how about WRNW?
Update me if anyone has any idea on that.
P.S. Mr lowman, where are you? Any update from you on PPS today?
Holding 1.5M @ .0102. Currently its a real taste of my patience as price hitting .0085 this morning. Another big threat is, FRIDAY is coming :)) (it will go down considering not so good past for PPS on fridays). Lets hope it starts recovering soon.
Also folks, does anyone has any idea on when we will hear from the MANAGEMENT about some REAL NEWS? No PR since May 3rd. One good news can turn the things upside down (in our case it should be down to up :P).
GO WRNW GO... I wanna see this pinkie atleast @ $0.05 this SUMMER. I'm holding it tight. Go Long!!!
Lowman...Where are you? What's the reason behind sinking (.009$$$$$$$$$). PPL are crazy if they sell it at this price.
Looks like remaining 2-3 weeks will be tough. Hope will move higher by EOM. Good luck folks..
Again got stuck in .0095/.0096 range....
Volume is such a low this morning. Barely 1M+. I think what we lacking is a GOOD/STRONG PR to drive the PPS and Volume up!! Hope we get one soon..
Its not even Friday yet. Why its going DOWN DOWN DOWN??? I see 0.0096 here. Is it good news or bad news? This is no where near the estimates coming out from folks.
We were talking about taking it to $0.015 mark. Look at this beauty today!! Can't even hold around .01. Fridays should be the best day of the week but for this GEM its the other way around. Hope it survives the .009 scare and come back to .01 range soon.
Another thing i dont understand is, why it moved down today? It was up nicely yesterday and with nice volume. Why it went to downtown this morning???
Reference : PR on February 12, 2007 - 11:14 AM EST
===================================================
Well Renewal to Purchase Lease Package in Northeastern Oklahoma
TULSA, Okla., Feb. 12, 2007 (PRIME NEWSWIRE) -- Well Renewal, Inc. (Pink Sheets:WRNW) has negotiated the purchase of a 785-acre lease package. The lease package is located in Rogers County in northeast Oklahoma. Numerous wells were drilled on the prospect acreage between 1960 and 1985. Production from the leases reached maximum levels of 4,000 barrels of oil per month during the 1980s. The wells were temporarily abandoned during the oil price collapse of the mid-1980s and the lease was abandoned by the operator. The Bartlesville sand was the producing horizon of the wells contained in the lease package.
Well Renewal expects production to be re-established in the wells contained on the 785 lease package after an extensive workover program currently planned for the leases within the next 60 days. Well Renewal will utilize the services of Pro-Formance Oil Field Services, LLC, a wholly owned subsidiary of Well Renewal. Pro-Formance will supply a workover rig to re-enter all of the wells located on the lease package to restore the wells to a producing status.
Will Gray, CEO of Well Renewal, stated, "We are extremely excited and energized with our newest opportunity to accumulate acreage within our operating region. This lease package has produced significant quantities of oil in the past and would still be producing today except for the collapse of oil prices during the mid-1980s, which caused numerous wells in our operating region to be abandoned. In addition to the wells to be re-entered and production re-established, our geological and engineering staff has identified 30 additional drilling locations on this lease package. We anticipate including these new locations in our 2007 drilling and completion budget. We anticipate production levels in excess of 3,000 barrels of oil per month from this lease package this year. Successful completion of the drilling and production of these new wells will add greater than $2,000,000 to the revenues and cash flows for Well Renewal during 2007."
===================================================
Now the MATH...
Lets Say: 4000 BBL per month
= 134 BBL per day
= 1.12 BBL per well per day based on 119 wells.
Now we take the current price of sour which is the worse posible product that could be recovered which is currently $51 a barrel. Now we subtract the known average per barrel cost of $21 from $51.
$51.00 - $21 = $30
Now we have our profit margin per barrel. We can now take our known daily production of 134 barrels multiplied by $30
134 X $30 = $4020.00 per day in profit.
365 X $4020.00 = $14,67,300 per year in profit.
$1.46M / 1 Billion A/S = .0015 EPS X 10 = 0.015 PPS
If that's the case then calculation comes around 0.015PPS. That is what it was trading at few days back.
Any idea? Will it ever hit 0.02 mark? Looks like its doubtful!!!
Great Calculation man!!! Even if it just reach 0.02, it will be great. Go WRNW go.... See you at 0.02+