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.
Lets face it, NVLS numbers are crap for the busy 4th quarter. Sugar coating it won't help.
Sales fell 5.6% from the 3rdQ. Not good
Joe, watch EBAY as a short. Overbought
Joe, do you like OMG? I see insiders are buying.
SOURCE: Form 4
ISSUER: OM GROUP INC
SYMBOL: OMG
FILER: ARDSLEY ADVISORY PARTNERS
TITLE: Beneficial Owner
TRANSACTION: Purchase 76,000 01/22/03-01/23/03 $9.48-$9.50
OWNERSHIP: 3,855,200
The Form 4 is filed with the Securities and Exchange Commission by any
insider buying or selling their company's shares. This form must be
filed within two business days of the transaction.
Insider data source: Washington Service (info@washserv.com or 202-778-1384)
(END) Dow Jones Newswires
01-28-03 0032ET
EBAY....Looks like a short
I think they will lower numbers going forward.
Taking some profits in Fuel cell stocks here may be wise.
I bet CYMI misses their number.
Now watching CURE
VXGN hitting a day high
MVL....Hitting a day high
Bingo.....UPL is presently now breaking out to a new high on above average volume. Also, as it moves thru $10 the big boys will start to pick it up. Its going higher.
Ham, I will sell half of ORB at $5.60. Volume is somewaht low which I don't like.
UPL looks ready to say hello to a new high. Really like this one.
UPL....Added more long.
UPL ...average 30 day Volume: 282,900
Todays volume already over 300,000
New high shall come...
Bought UPL
Breakout coming here...
Ultra Petroleum Year-end Reserves Increase 58% to 700.5 Bcfe and 2002 Production Increases 43% to 17.4 Bcfe
HOUSTON, Jan. 21 /PRNewswire-FirstCall/ -- Ultra Petroleum (Amex: UPL; Toronto: UP) today announced that December 31, 2002 proved reserves from its Wyoming properties were 700.5 Bcfe, a 58% increase over year-end 2001, exceeding management's target of 660 Bcfe. Year-end proved reserves were 667.1 Bcf of natural gas and 5.56 million barrels of oil, or 700.5 Bcfe, compared to 444.7 Bcfe at year-end 2001. Proved plus probable reserves at December 31, 2002 were 1.42 Trillion cubic feet equivalent (Tcfe). The SEC estimated future net revenue from proved reserves discounted at 10% was $473.5 million based on year-end wellhead price of $2.94 /Mcf.
During 2002, Ultra produced 16.5 Bcf of natural gas and 147 thousand barrels of oil, or 17.4 Bcfe, a 43% increase over 2001 levels. For the 4th quarter of 2002, Ultra produced 5.8 Bcf of gas and 49 thousand barrels of oil, a 77% increase over 4th quarter 2001 levels and the highest quarterly production in Ultra's history. Ultra achieved a production replacement ratio of 1,483% for the year ended 2002.
On January 17, 2003, the Board of Directors of Ultra Petroleum Corp. approved the 2003 capital budget of $70 million, with $50 million targeted for exploration and development activities in Wyoming and the balance for exploration and development operations in Bohai Bay, China. The plan anticipates participating in approximately 25 wells in Wyoming and 5-8 exploration/appraisal wells in China along with the initial development wells in the CFD11-1/11-2 development program.
"The Pinedale Anticline field keeps exceeding our expectations. As we continue to define the scale and scope of the field, we are more and more confident that we have a multi-Tcf potential resource base at Pinedale. In Wyoming in 2002, we had a perfect record and, in most of the 26 wells, found more reserves than we anticipated. This past year's drilling program began to define the potential of the deeper Mesaverde sands, as we deepened 16 of the 26 wells successfully into this horizon. The data we have gathered from the wells and their production histories will establish what may be significant reserve additions in the future. Over the past four years we have grown proved reserves sixteen-fold and our success in 2002 solidifies Ultra's foundation which will continue to deliver industry leading reserve and production growth for many years," stated Michael D. Watford, Chairman, CEO and President.
2002 Reserves
Mmcfe SEC PV-10
($m)
Proved 700,500 $473.5
Probable 715,000 $269.3
Total 1,415,500 $742.8
Established (Proved + 50% of Probables) 1,058,000 $608.2
Ultra Petroleum is an independent, exploration and production company focused on developing its long life natural gas reserves in the Green River Basin of Wyoming, and oil reserves in Bohai Bay, offshore China. Ultra is listed on the American Stock Exchange under the ticker "UPL" and on the Toronto Stock Exchange under the ticker "UP" with 74,006,668 shares outstanding.
This material includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. The opinions, forecasts, projections or other statements, other than statements of historical fact, are forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to have been correct. Certain risks and uncertainties inherent in the Company's businesses are set forth in their filings with the Securities and Exchange Commission. Full details regarding the selected financial information provided above will be available in the Company's annual report and in the Annual Information form to be filed under the cover of Form 10-K.
The United States Securities and Exchange Commission permits oil and gas companies, in their filings with the SEC, to disclose only proved reserves that a company has demonstrated by actual production or conclusive formation tests to be economically and legally producible under existing economic and operating conditions. We use certain terms in this press release, such as probable, proved plus probable, proved developed reserves and multi-Tcf potential resource base, that the SEC's guidelines strictly prohibit us from including in filings with the SEC. U.S. Investors are urged to consider closely the disclosure in our Form 10-K available from us at 363 North Sam Houston Parkway E., Suite 1200, Houston, TX 77060. You can also obtain this form from the SEC by calling 1-800-SEC-0330.
SOURCE Ultra Petroleum Corp.
CO: Ultra Petroleum Corp.
ST: Texas
SU:
http://www.prnewswire.com
01/21/2003 08:21 EST
USPI....Watching for a breakout
BPRX breakout
VXGN surging to day high. This is one crazy stock but love to trade it. Squeeze time..
If you want to know where the chip sector is going TSM is the tell.
TSMC Chairman Morris Chang said during an investor conference that in 2003, his firm's revenue growth should outpace what he estimates will be around an 8% growth in the global semiconductor industry this year.
"TSMC's (2003) revenue growth will be higher than the industry average," Chang said. However, he noted that with fears of a U.S.-led war against Iraq, companies are more conservative.
TSMC produces chips for use in computers, mobile phones, personal digital assistants and other gadgets, so its outlook is considered a barometer on technology sentiment.
Chang said TSMC will likely turnaround in the second quarter of 2003 as the business is expected to bottom between the fourth quarter of 2002 and the first quarter of this year.
In the first quarter, TSMC said it expects its average selling price to fall 7% on quarter as wafer shipments in the quarter falls by a low single-digit percent on quarter.
The utilization rate for the January-March quarter, which tends to be an off-peak season, is expected around 60%, down a bit from the 61% recorded for the October-December period last year, TSMC said.
Meanwhile, Harvey Chang, chief financial officer of TSMC, said he hopes for the gross margin to recover to 30% in the second quarter and that it will be difficult for gross margin to exceed 30% in the first.
Gross margin in the fourth quarter of 2002 fell to 26% from 32% in the third quarter, TSMC said.
The firm also said its capital expenditure this year is forecast between US$1 billion to US$1.5 billion. In 2002, its capital expenditure was targeted at US$1.65 billion.
-By Dan Nystedt and J.R. Wu, Dow Jones Newswires; 8862-2502-2557; jr.wu@dowjones.com
Ranch, I think many expect Bush to talk about alternative energy. I'm personally not to sure about that but this is one of those Perception moves which I spoke about the other day. Keep in mind that these stocks could either surge big Wed or sell off.
Add APWR to the fuel cell move. Solar
As expected, fuel cell stocks are starting to surge...
FCEL....PLUG....BLDP.....HYGS
MVL...Looks like adding on the dip was hip.
Well it looks like we're in fact going negative. I'm seeing alot of heathcare related stocks tanking. Must be concerns over the Bush posture on healthcare.
NSCN continues up....
Forget it....they like the consumer news.
TRMB....Sold the other half at $16.80 to cash in.
SINA tank
I'm looking for the Dow and NASD to go negative...
IDPH may be in trouble here. Watching
By Dan Nystedt
OF DOW JONES NEWSWIRES
TAIPEI (Dow Jones)--Investors looking to Taiwan Semiconductor Manufacturing Co.'s (TSM) fourth-quarter results for signs of a rebound in the global chip sector were sorely disappointed Tuesday as TSMC posted a poorer-than-expected net profit of NT$2.55 billion (US$1=NT$34.660), down 43% on year.
The company's all-important market guidance for 2003 also failed to meet analysts' expectations, pointing to a slow recovery ahead for the chip industry this year.
The sharp drop in net profit came even as revenue in the October-December period rose 24% on year to NT$41.15 billion, and was worse than the NT$4 billion fourth-quarter net profit forecast by six analysts surveyed by Dow Jones Newswires.
TSMC is the world's largest pure foundry producer of chips for computers, mobile phones, personal digital assistants and other products.
At the company's post-results investors' conference, TSMC Chairman Morris Chang blamed part of the slowdown in business on the situation in Iraq, which "is making a lot of technology companies very conservative."
He predicted an overall slowdown in the global chip industry in 2003 to around 8% revenue growth, versus earlier estimates by market researchers of nearly double that growth rate.
"TSMC's (2003) revenue growth will be higher than the industry average," Chang said. However, doing better than the expected average 8% industry revenue growth would still be a far cry from 2002, when TSMC recorded a revenue rise of 28% to NT$160.98 billion.
It would also be "difficult" for TSMC's gross margin to exceed 30% in the first quarter, but that figure is "hoped for" in the second quarter, said Harvey Chang, TSMC's chief finanical officer.
The company's gross margin fell to a low for the year of 26% in the fourth quarter's traditional peak season, from 32% in the third quarter.
"The trend is what we were expecting but the strength of the recovery according to TSMC is slightly lower than expectations," said Cheng Ming-kai, a chip industry analyst at CLSA Emerging Markets in Taipei:
(MORE) Dow Jones Newswires
01-28-03 0512ET
WASHINGTON (Dow Jones)--Ronald Snyder, president of Flextronics International Ltd.'s (FLEX) Flextronics Semiconductor unit, reported acquiring 90,000 shares of the company's common stock in January through the exercise of stock options.
According to two Form 4's released Monday by the Securities and Exchange Commission, Snyder bought the shares last Tuesday and Wednesday for $2.45 a share. After the transactions, Snyder held 403,930 shares of the company's common stock.
Shares of Flextronics recently traded at $8.27.
Flextronics provides contract electronics-manufacturing services.
-Joanne McPike, Dow Jones Newswires; 202-628-7669; joanne.mcpike@dowjones.com
(END) Dow Jones Newswires
01-27-03 1551ET
Disney
Dow Jones Industrial Average component Disney (NYSE: DIS) is set to enter the
earnings confessional on Thursday. The entertainment firm will be reporting
first-quarter earnings, and Wall Street expects DIS to have collected 15 cents
per share during the time period. Since early August, DIS shares have been
oscillating gradually higher in a pattern of higher lows. The stock is currently
perched at its latest "higher low" level around the 16.50 mark. The sentiment
picture on DIS is somewhat mixed. Schaeffer's put/call open interest ratio
(SOIR) for DIS stands at 0.52, in the bottom 30 percent of all annual readings,
suggesting an optimistic inclination from the options crowd. On the other hand,
more than 43 million DIS shares are currently sold sort, for a short-interest
ratio of nearly six times. Were DIS to begin moving higher, it would take these
bearish speculators more than a week to cover their shorted positions. In
separate news, DIS announced today that popular gaming name Acclaim
Entertainment has purchased the rights to design video games based on DIS
offspring ABC's Alias program, a series concerning a double-agent for the CIA.
Click the following link to see the Daily Chart of DIS Since August 2002 With
10-Day and 20-Day Moving Averages:
http://www.schaeffersresearch.com/wire?ID=6992 .
WASHINGTON (Dow Jones)--Two Intel Corp. (INTC) executives, including Chief Executive Craig R. Barrett, acquired a net total of 602,000 shares of common stock last Thursday, according to Form 4s filed Monday with the Securities and Exchange Commission.
Barrett exercised options to buy 512,000 common shares Thursday. Barrett exercised the options at a price of $2.81 a share. After the transaction, Barrett directly owned 3,244,432 shares and indirectly held 3,012 shares.
The other buyer, David B. Yoffie, acquired a net total of 90,000 shares after exercising options to buy 160,000 common shares at prices ranging from $3.16 to $3.68 a share and selling 70,000 shares at a per-share price of $16.63 last Thursday. After the transaction, Yoffie directly held 96,400 shares.
Chip maker Intel is based in Santa Clara, Calif.
The company's shares recently traded at $15.89.
-Marc A. Wojno; Dow Jones Newswires; 202-628-9792
>>>ORB drifting back down to ground with the market today - or is it also "sell the news" after successful launch Saturday? Looking for 4.70's?<<<
Hello Jan, nice screen name. FYI, the launch has nothing to do with the recent run. Of course you know this already but good try trying to knock it down. I guess you want back in;)
MVL going into the black...
NSCN is surging
>>>Latest from Alan Newman. A unique take on the action.
http://www.cross-currents.net/outlook.htm<<<
What else would he say. This is a Permabear site.
Watching COCO at a day high.