Our Conure at 26 mos., "whats up", okay, thank you! :)
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Vic these are 2 different arena's. No one likes paying taxes and your right its a part of living in this country. Federal, state, city. 3 different taxes structures.
Investing is different. This is why things never change. Personally I think Forbes has a good plan and our state Senator Feingold is in agreement. The marriage penalty tax was law too. The most stupid tax law ever created. If people say oh thats ok its just tax we would all be living with it today. Getting taxed 5 times and more on money we've been taxed on already is the insanity of it all.
If we're good Americans we pay taxes. If we didn't we would have no infrastructure, no military and little to nothing else. Some are sensible and some are not. It will change in time.
Our Irs is nothing to be proud of either! Do you remember the Congressional hearings a few years back?
Read post #7299 by Brent (nss) and post #7298 by Sometimes (Barons). I hope I got it right I confused Brent and Sometimes earlier. Both are excellent reads and good info.
cfpjbs, Selling prior to a year we pay almost double capital gains tax. If a stock has great potential its really better to hold for 1) stock appreciation 2) about 1/2 the capital gains tax. Why give away to the government?. They already get more than their fair share and then some. This can really have a negative impact on your returns when selling in less than a year is taken into account.
Panuzzi, I'm charged $7 plus 1/2% for stocks under $1.00.
Money we've been taxed on already, gets taxed again. I like the Forbes plan. This would then be eliminated. I don't think investors pay capital gains in Japan.
When everyone reaches the breaking point and begins selling, this is the time to be buying. This often is an indication that the stock is poised to begin moving higher. I have never owned a stock that only had 38mn trading. This with the future pr's and it begins its production and the now the JV which sounds promising and we begin to learn more of Nwog-cha ching. If 100mn shares trading is perfect this one is absolutely incredible.
Brent posted an article last night from Barons. It was stated that Russia was the number one pick in the energy sector of emerging markets. The article went on to read that many of these markets don't correlate with our own and can be a nice hedge against a downturn. Russia's market is cheap compared to many markets. A market that isn't today is India.
scalia, I was started to 2nd guess myself yesterday. This company is gonna have a lot of good surprises. Its not Lukoil
and it has challenges ahead like they all do. But it isn't an exploration company either. It doesn't have to look its got it. We never know what going on behind the scenes. Let it ride for 6 months to year and we will see a $5 or more stock.
38mn shares! Its not going to be boring.
38mn shares trading for a year. (nice). We don't even know what all we've got yet?. I believe this is gonna be alot bigger than CHAR. and I like its business model alot more than TMY. We'll see what develops.
I think it will be a short and nice ride back up. No matter 38mn shares. It won't take much to move it one way or the other but when does move to the upside it will be like releasing a compressed coil spring.
This should be an exciting year. No watching paint dry here.
I'm here in Wisconsin. We get our share here too. Its nationwide. When there not nss there trying to scam us some other way. The whole country is becoming one big racket.
I would like to applaud the jurors who gave justice her due today. Two bums of Enron that I hope get 50 years without parole.
Several are in prison today from these large corporations. Not enough. They should or maybe they shouldn't restore Alcatraz and send there. Make them break rocks all day, little ones from big ones.
A few got off the hook who shouldn't have. One in particular that bum from Global Crossing.
I gotta get me one of these game boards! Cool!
Viva La Paim!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Something wicked this way comes!
You might make a very nice couple?
brent, you from Utah? I tell you, you guys have a wealth of information to share and then some. Its about damn time huh!.
Lets hope other states follow his leads. SEC Chairman Cox acknowledges this to be a real problem too. He asked the question, why aren't these people going to prison or something to that effect. He has been convinced that nss is a systemic problem in the market.
Like a virus that could bring the entire market to it knees someday.
I think he was a Senator or a Congressman.
sometimes that's an excellent article. Barons favorite is Russia and explains it. Top of the list. Turkey is also good again today. India's market is expensive, while Russia is cheap. I wish I could read all of it but I'm tiered. So here it is. Giving people some good insights into the world markets and the advantages.
Some years ago people could have done extremely well in Turkey more than doubling their investments while investors were just eking out gains in the US. Many investors didn't even know, till it was all said and done and those that did and chose to keep it at home missed their opportunity.
Then a person would have to buy on the Turkish exchange or an exchange out of the country go thru the currency conversions and the whole 9 yards. Today many of similiar investments can be done right here from home. Ndol or Nwog and many others for example.
Thanks pedgie for the chart and anlaysis.
Cynic, The best of all decisions are for now keeping all but the 38mn restricted for a year. It will give them time to work toward making this a very profitable company and I'm sure it will be.
Lukoil and Roseneft had killer revenues from a year ago. Lukoils profits up 50% and Roseneft gains were 5 fold. There is stability in Russia. I can't agree that its the best to achieve it but its better today then when their economy collapsed.
Its a slow process but Russia may become like any other society based on democratic elections and capitalism. Many people in Russia are very afraid and apprehensive about our way of life. Many don't even understand it, especially the old.
Putin' reign will end in 2 more years. According to the legal vote count he didn't win election this last time. Kinda like Bush in Florida I guess.
Putin has learned although he would never admit it what its done to him as a President and Russia over the Yukos's matter.
It being a publicly trading corporation. Political motives or otherwise. Russia deserves someone as strong as Putin but for all the right reasons. Serving the people and their country for all of its countrymen. We except no less here.
Cynic it doesn't matter if its Russia , Germany, India, China or South America. People can be apprehensive when investing abroad. What many of us fail at times to realize it can be as risky investing right here at home. American companies face bankruptcy all the time here at home. I don't know what the percentage is but allot of business's fail that are public. If we don't take risk we can never realize the gains or rewards. This company for sure has nothing foreseeable as such and that is outstanding. Guess they have a product everyone needs instead of wants.
Russia has beat 80% of the emerging markets for 8 years straight. I think averaging a 51% on peoples investments. Money from the West is still pouring into Russia and will continue to do so.
KnowWhen should post that article from yesterday. The East does trust the West with their wealth. Europe and America.
cynic, you make a solid argument. I don't know who all is still in and was buying more as the price moved forward. I quite honestly thought the company was sold except the handshake.
Realizing it turned merger I didn't run I held my ground and bought more. It sounded like we were getting even more than we bargained for. This may all be true in the long run. My God though I have lost a considerable amount of money.
The idea behind investing is making money not losing it. I can except 10% or 15% and maybe even a 20% retracement. When you consider the offer at 2.17 we are down 78% from the buyout price and about 69% from its high of 1.54. Since this point we constantly drifted lower and now people are sayin .37,.32,.16,.08... the president full well knew people who have been in the stock for a while would be buying more.
He promised more...............this is a heck of a way to obtain share holders value and confidence wouldn't you say? People are bailing now. The ones that do won't come back and the ones who have this intention will wait and watch. Did he make the best choice for investors or himself and the other major holders?
We haven't heard a word from him since. What is his, Parkins and Nwog's president intentions now?. The ball is in their lap, we have done our part supporting his decisions.
You know cynic once you've blemished your crediblity in such a public arena you can't even buy it back. Their other holdings are heading south too.
mark, it sounds to me like these guys having plenty of money to sustain themselves. This will no doubt flow over to the rest of their holdings. Its hard to follow anything because 2 of the exchanges are in different countries and all of the assets are in Russia.
In reference to the IPO of Roseneft and some comments that Putin made. I don't know if he was making inference to this or not?. He said something to the effect that if the West or Europe didn't want to invest to keep it flowing its way they would just build a pipeline to China. Putin did reinterate that oil wouldn't be used for blackmail.
I have patience but its gettin tested everyday considering more than 2 weeks of downdrafts. If they get blowed off by our market they still have the other 2. The more I hear the more discouraging it becomes. Where does this leave us? our asses hung out in the wind? Then on top of it all their offices are in Canada, Moscow and St. Petersburg.
Thanks chances, my understanding is that 38mn and only 38mn can be traded for a year. If the other shares were not restricted it would create alot of dilution right now. If it were a 4 of 5 dollar stock it would be received a lot better. It being all new it would bury us right now even though 600mn shares are not a whole lot by market standards, but having less is always the preferred. A hundred million would be ideal.
rick, that makes alot of sense. A year you say? Thats good news. Along the way then we shall learn what we've got and the progress the companies making. Who said earlier that they need to get the straw in the ground? If the shares are restricted will we still reap the benefits of all the earnings and are these reportable earnings?
Fam are you still invested here or not?
Ndol this is really the big question? How much cash does Nwog have? The other question is the JV with Oil India the bid for the Tnk-Bp subsidiary is for 2.5 to 3bn. and it must be producing already but the financing for this is coming from where?. The other part of this puzzle is where is this subsidiary located? It must be on Russian soil and if it is Nwog would have to have controlling interest I think. This is a puzzle and right now all we have is the 10q from yesterday which is only a small piece of the puzzle. What is it about all this that makes it so enterprising for investors? No one can get excited about 2 years from now. How could the president make such an evaluation not to sell for 500mn considering these revenues. He either a whole lot smarter or whole lot dumber. If its the latter well then I have to take another look at all this because something is truly wrong with this picture. He truly would be a rich man today. No one can be that poor of a businessman. There has to be a whole lot more to this than we know.
He did say he would do what is best for the shareholders. I heard this in reference to a vote. He didn't ask the shareholders one way or the other by online proxy or whatever next we knew this was it. What shareholders is he referring to, the majority?
34/54, This isn't 2 companies, Its one. Nwog is the parent. It will make all the final decisions. They merged into one company. When the merger is complete all the shares will be listed as Nwog.
Rob, exactly my thoughts. Rob the restricted shares, how long will this be in place do you know? If these shares are held in place long enough and if this is done properly. We might be able to get it up to $3 to $4.. 38 mn shares is nothing. If all the information is correct on Nwog and they have a good deal of cash and I bet they do, and the Jv holds some good surprises and then complete the merger it could level off to $2 or so. It could turn out alot better than we might hope for. This is not some dinky little outfit. I get frustrated like everyone else but I know it will be like this till everything is in place. Parkin needs to Pr a personal Letter to the shareholders. What were lacking is guidance. Yesterday's Pr needed to be filed but we need allot more than this.
Don't forget these daytraders and many others sold off this stock and they would love to get back in at much lower price. They may do this at everyones else's expense if we let them. Personally I don't want to be on the other side of their trading acitivity.
Pschae, I was just curious on how you would respond. Sibn is not worth $4. a share and Xsnx is not worth $1. a share. Neither of these companies and many many more are way overvalued. Its pure speculation. Is Google worth nearly $400. a share? last time I looked it had a P/E of 54. Look at its market cap compared to its revenues. Many companies share price is based on what investors believe it to be worth, and when it may be mind boggling to some to others its worth more. So you can do all the evaluations you want its the perception that often drives stock prices higher. In this particular case its oil. Russia has most of it. Many countries including our own would be up sh-- creek if we didn't get it imported. Supply can't keep up with demand anywhere in the world. Russia in not reliant on any country for its energy needs. China, India western Europe are all dependent on Russia. Israel too has been in talks with Gazprom even following the Yukos affair. It needs have to met like anyone else.
The US has had 30 and more years to do something regarding this countries energy needs. We're in the same situation today practically as then only the problem is much bigger today.
Think about our military and its energy needs daily. Its a real conundrum.
wrongjoe guess your right. We'll wait to see what the next scoop is. How long is the restrictions on the five hundred or so million shares?. This has been of concern of mine. What kinda of an impact it would have on the stock once these are injected into the market. There has got to be alot more to this than we know. Things we haven't considered.
Does anyone know how long these five hundred and so million shares are going to be restricted?. If only 38mn are presently being traded it does't take much to move this stock in either direction.
Pschae, give me your analysis of Sibn and Xsnx if you wouldn't mind and tell if either of these companies fit the bill for the shareprice their trading at. Fair value?
When North West 2 divisions come into this picture and North West. They better bring more into this picture than just their assets. They better have some cash to show us and why their worth more than $2.17 to us shareholders. They can't base their future calculations to present day. They could only base this on their market and what it would be worth if they sold the company today. This doesn't mean anything for why a person would want to invest in them. They can't base this evaluation on future projections. Try an appraise a property or a house or any other company using these methods an it becomes pure speculation.
ot: Skilling faces 175 years, don't know about Lay yet. I hope neither ever see the street again. Ebbers will probably die in there and Adelphi' founder as well. Kozlosky didn't get much use of that $15,000 unbrella hanger, and its raining on him everyday. I have no sympathy for any of them. The suffering they caused can't be measured in dollars. Their not big shots anymore! I bet their living humbled existence's today. Skilling and Lay's fears and their fines, penalties, tax implications, law suits will leave them broke. A 7/11 clerks job and a trailer park and all this undone probably looks like a little bit of heaven right now.
I hope it continues forever! Maybe all will begin to take notice of this now!
ot: Breaking News: Skilling 18 counts "guilty". Ken Lay 7 counts "guilty". These Bums are going to Prison!
Ronnie boy, coooool down. I hope you didn't check out. Its a turbulent time for most stocks now. Parkin does need to justify the merger vs. the buyout and their not gonna get off the hook this easy. The case does to need to be proven or they will destroy themselves, no question about it. They will look like fools otherwise!
pschae, your asking for allot more I would drop it now!
Trade2, your right!. I was just hoping to get more detail on North West. I'm getting off this thing. This day to day stuff is isn't the resolve. Some big news will come down the pike. The correction in the market isn't over either. We may get a little rally but a full 10% is expected. Its the perception that the Fed is done, we'll see. I just hope we get something more to chew on in the interim. That being said if Parkin would reveal a little more to us about the new company it would help. If we don't see anymore downside this will prove the company' has a strong base. Its not a good time to be taking unnecessary risk out of frustration. This stock will catch allot of people off guard who should have stayed put.
Its just a matter of time, we'll have to put fire retardant on ourselves because this baby will be to hot. Russia is a major oil player. Russia has beat out 80% of the emerging markets over the last 8 years. Money has been pouring into the country and will continue to do so.
Did you read NoWhens post yesterday? Russia is transferring a ton a money west from their rainy day fund. Europe and the US should benefit from this. A ton! Thanks Trade2
lofs, the pr from yesterday isn't any earth shaking news. If we don't get more and allot more we're gonna pay again. Biotracking? This isn't gonna move this stock. We don't know alot more than we did. There's many pinks with more revenues. If this is all we're gonna get this all the response we're gonna get from the market imo.
Sorry, about the link. Need to experiment.
Up^^^^^ is his take. Don't be fooled by $70. Next time around could hit $100. US refineries are presently operating at 99 percent capacity. No new refineries have been built in 30 years. Global demand is exploding. The era of cheap gas price is over. Supply cannot keep up with demand. Those saying the oil bubble is about to burst?, don't be blindsided. "Louis Navellier".
Oil Prices $70, $60, $50 or $80 ???
LouisNavellier@BlueChipGrowth.com
Sorry I'm having a problem with this link. This is really an interesting read.
http://LouisNavellier@BlueChipGrowth.com
Count, Tomorrow he should get it. I'm with you we're all becoming like Cautious. I needed a good laugh!
It's really insulting. The stock should be trading around 3 before OI jv. We'll get there soon. Its not gonna take much to move this stock. It gets no cheaper RobO.
I think some people think if its an American company its gotta be a safe investment. I've got a list as long as my arm to prove otherwise.
When a person can look at just owning 1000 shares for $650 and forget it. Come back in a year and its a very real possiblity that the return could be $6500. These companies are talking in millions and hundreds of millions and now Billions of dollars in investments. This is because they know just how money they can make and they are not exploration companies, they have the goods.
Oil at $70 a barrel and Iran is gonna become a real issue there is no way the US can allow them to become a Nuclear threat. Their President or Leader not long ago made the public statement that Israel needed to blown off the earth. It always has been one of the most terroist nations on earth.
Iraq couldn't live with it either it ever they can get it together.
Thanks Gan, I think we'll get there much sooner than later. This share price is ridiculously low. This is the ground floor. Once it begins to gain some real ground it will never look back. This isn't a speculative company any more, Its lining up to be big and get bigger.
Thanks Ron, Nothing like sitting down after dinner and reading the paper (Moscow News).