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Not too bad today really. Looks like a nice smoothing out of the upward trend. I think we're all in on the very early stages of this one.
Nice consolidation and stabilization here today. I like it! NEW CENTURY RULZ!
That .068 ask is tempting.
I hear you on that one!
What's up folks? Just checking in. Looks like a few small sells this morning and a few other people hoping to buy in with a crazy low bid (good luck). I don't think they'll bring it down that much. But just biding my time here - twiddling my thumbs...
Nice. I'm waiting for the next leg up on oil. Diesel is now $5.00 in my area. Damn. Glad I'm not a trucker.
Hoping for a good week here. I think we've stabilized and can now head up for real.
Looking forward to the new trading week on this one!
Gas is now $4.03 for regular where I live. Could it be time for that oil price "superspike" with hurricane season coming up? Anyone for $200 a barrel? How about $6 a gallon gas? I say bring it on!
OM, great posts with data on the company's ownership interests and locations. Thanks!
Had to respond to Hippie's post! All the data is there if you dig for it.
Hippie, slow down on jumping to conclusions and skimming that data too quickly! Put down the wacky weed if necessary. Check out the 9/27/07 news release regarding the McMullen County drilling on the company's website. It indicates that the company owns a 100% (one hundred percent) working interest in Swaim Unit 58-#2 through its subsidiary. Swaim Unit 58-#2 is pumping over 125 barrels of oil per day! It also states that oil sales have already commenced from this new well. And that's just the one well. Any other fractional interest wells at this particular location would only add MORE value, right? Take time and do your due diligence closely. This one is a winner in my opinion.
Oh, fo' shizzle. I think .20 could happen within the next 2 weeks. Like I said before, I'd ultimately like to see $1.50 out of this one!
Hey, OM. I'm starting to chomp at the bit now in anticipation of this thing popping soon. Looks like interest is building and I don't think it'll be long before we see the .20's IMO.
I agree. The fundamentals here are the main selling point. Very low float (unlike most of these small oils), low price/market cap right now, pumping nice amounts of oil/gas, located in U.S., etc. Firing on ALL cylinders here IMO.
P.S. - I knew you'd show up Mick! Where is the rest of your MMTE group?
Nice to see some more new folks checking the action here. Looks like we'll be adding a few bookmarks over the weekend!
That would be awesome and should get the attention from a lot of people.
I have a feeling that after the moves of the last couple days, NCEY might get discovered by some more people over this weekend. Monday could be a high volume day IMO.
LOL. I'm so confident in New Century that I actually left my computer screen for a while today and did not return until after closing! Only have a few open positions now and this is one of them.
Nice close again today folks!
Sounds about right. Must be a bounce on the technicals. Thanks. Still gonna' keep an eye on it.
LOL. OK, who just blipped it down with a massive $100 sell?
What is the deal with this company? Is this one real? I am usually very hesitant to buy any stock tied to Kazakhstan. The web site does not have much info. Are they producing anything now? Thanks.
I don't know - may retrace a little but not that far IMO. Be lucky to see .07 or .065 again I think.
OptionMonster, saw your PM and I'll follow up with you tomorrow. Thanks.
Yep. We seem to have found a nice solid floor around $1. Should be getting ready to roll up soon IMO. This company has major reserves and is really underpriced IMO.
Nice close here! Might buy more tomorrow. I just hope it does not get away from me and jump too high before I get my full load. It is very nice to see a gradual steady uptick here. I'm actually hoping we DON'T attract the typical rapid flipping crew on this one. I'd like to ride this for a while.
Yep. With a tiny float like that and a real reporting company pumping some good amounts of oil and gas on the other end, I'm holding out for $1.50 here. Am I kidding? No. Am I crazy? Maybe. Crazy like a fox!!! LOL!
Yes indeed. I picked up some more today at .07 to make my position a nice round number. I see now we're at .08. Nice. I am tempted to dump a couple stinkers I have and roll some more into New Century. This one is the real deal and is gaining traction IMO.
Bought 10,000 more shares today at .06. Someone blipped it down to .05 and I guess they didn't want it to close there so they gave me my shares at .06 instead of .065. Nice. Looks like the ask is still .065 now though. IMO this stock is hilariously undervalued. I wish I had an extra quarter mil. to put in this thing like one of the big boys. Oh well. I guess I'll have to be content with what I've got.
Agreed. Also, thanks for the PM - adds more to the legitimacy of this company IMO. All good.
Yeah, I tried to buy more at .06 today and only got a few thousand filled at that price. Looks like .065 was a really firm ask! Arghh. I'll be back tomorrow and see where things stand here. I want to build my position a little bit more.
Yeah, I'm hoping we consolidate and head up now with the .98 - $1.09 range being the bottom. Target price is $2.15 for the end of this year per recent Jefferies & Co. report. I believe it and am holding.
Thanks. Looks like they really have the shares under control here IMO.
Hello? Anyone? DNE is poised to fly and it should not be too much longer in my opinion. Holding a nice little chunk here.
The main advantage of NCEY from the swing trader's perspective IMO is this - only 56 million shares out there right now as far as I can tell. That's IT!?! Most of these penny range oil stocks have hundreds of millions or even billions of junk shares swimming around. 56 million is nothing. It means a little buying interest can make the stock fly. Note that NCEY has been in the $2-$3 range in the past. Even this price would still give it a reasonable market cap. I am betting it can reach this range again. All my opinion of course.
NICE current technical analysis of New Century. "Buy" all the way - short, medium and long term.
http://quote.barchart.com/texpert.asp?sym=NCEY&code=BMAVN
Holding long and strong here. Everyone should check out the 5/14/08 Jefferies & Co. report on Dune available on Reuters for $25. Excellent info. with a price target of $2.15. Yeehaw!
Nice job holding .06 today! I think this one is only going to get stronger. The 2 and 3 year charts show the very early start of a ramp-up IMO. I picked up a nice "starter load" of shares today. This one is a REAL company and not typical penny oil junk - as far as I can tell. All should check out the website for themselves:
http://www.newcenturyenergy.com/
The market cap and share price are WAY low for what they have going on IMO. HOLDING long and strong here. All my opinion of course!
That was probably me! I decided to pick up 25k shares and see where this one goes. IMO it looks like the real deal here - unlike many of the penny oil plays out there now. Low float, low market cap, low price (and history of much higher price) plus actual revenue generating operations and loads of resources left to tap.....looks like a winner IMO.