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.
What do ya know. Ask is rising, & bid is fallowing.
.01 my A$h. Need some bear repellent
Na. Because I dont 90% of my portfolio tied up in this stock like some. My avg price is n the .06s.
I'll wait till I hear (or dont hear)something From NWOG in the next few days before I jump to conclusions. As said before, this is likely to return to previously levels once all panic sell orders are mopped up at the bid. Then it will be a sellers game again. We are also outside the Band in the BBs. Check the chart for what happens next.
I'll save my posts for tomorrows discussion. Im off to bed.
LOL. That post actually made me laugh out loud.
Just because NWOG has no sense of what credibility is, & delayed its promised financials...its a scam? and became a scam in one Day? LMAO. Either it is or it isnt. You wanna see a scam, look up WTVI.
It doesn't appear to be a scam, but a thrown together, very s*itily run, very poorly managed Russian Oil Co.
This will return to pre-panic sell off levels in a few days
.039(T) 10,000 16:00:01
.39(T) 9000 16:03:16
.0408(T) 330,000 16:06:03
weird
Was anyone able to contact Maria?
Ask rising. no more .03Xs
.03Xs are just about dried up on L2. Only a few 4s after that.
Lets see if any more are added to it or taken away.
Well everyone was buying buying buying, all pepped up for these audited financials. Then before they're even given the set time to release them, the weak panic & dump it for a loss. To bad for them.
Day isnt over & people are complaining, they didnt deliver.
I'd laugh my a$h of if they released them after hours.
I guess we'll see what happens.
50,000 shares wow, thats barely a few grand worth at the current price.
North-West Oil Group (PINKSHEETS: NWOG) today provided consolidated financial statements for the year ending March 31, 2007 and will proceed to file its audited financial statements.
Hmm.Q1 '07 just ended. Based on the past i'd say around Apr. 20th we'll get Q1 financial.
Hmmm. So if adding 50% more to the portfolio is 1,500 brls,
wonder if its safe to say we have 3000 brls per month now.
Then again its not safe to say anything cause its a mystery.
They said once they get audited they will start to move to the OTC bb. blah blah blah
I hear nearly the same BS for every pink I've ever put money into.
Weird that news like this gets no volume, let alone rise in price.
Usually even with Fluff we get a descent rise in volume.. but with the purchase agreement which would be fairly good news, we get a measly 152k volume, $4,000 worth of stock. Wonder if its a MM problem
You could say that again.
Through all the "shadyness", they may be able to get this moving again with this $42m deal. and if/when it does Im gone.
looking over the daily charts, we hit the upper band on BBs for the first time since August.
Dang, beat me to it!
Whoever is selling for .037 is responsible
.039 25,000 14:47:40
Looks like people are panicing or just dumping to get rid of it, probably wont last long though.
hahah
I observed that as well. most of the volume was around .027-.03
Thats kinda what we need. Let the MMs up & up the ask. With good news, people will pay.
this may move soon if this $42 deal takes place.
until then, gotta sit back and watch the paint peel
Waiting for something to post about.
2 trades at .035 doesn't quite qualify. Especially when one is for a few dollars worth b4 the close just to paint the tape
Over 2mil in volume with no news.
Lots of volume at the ask. Someone is paying a premium for those shares.....but why...Hmmmm
So... PGPM will get a private stake in GEC as part of the $42m deal?
Where did they get $42m in private equity? Is this some type of money laundering scheme ? LOL.
and PGPM now owns 100% working interest?
Hmmm
Not sure about that, I remember hearing about General energy last May when this stock initially went up.
How would GEC as a subsidiary, have more $ than pilgrim?
Hmm, wasn't there some kind of deal going between GEC & some outside company? Wonder if they somehow got a chunk of change?
Dont ask me.
Smells fishy though:
Here's s screenshot
http://i69.photobucket.com/albums/i44/j894/9630bcc1.jpg
Identical to the other one. Except it doesn't have as many details & now it says GE
Read my post. I got news of a 2nd PR,. but it doesn't show up on yahoo.
My the only one who got this Second PR (I get instant Email notification)..
11:59am
News for 'PGPM' - (GE To Purchase Majority Working Interest In Pilgrim Petroleum Wells)
now the story changes????
Feb 22, 2007 (financialwire.net via COMTEX) -- February 22, 2007
(FinancialWire) General Electric (NYSE: GE) has completed a letter of intent to
purchase eighty percent working interest for prospective oil resources in
northern Texas properties owned by Pilgrim Petroleum Corp. (OTC: PGPM).
The transaction outlined a sale price based on Pilgrim's net present value of
$52.05 million. The total price equivalent for the transaction will be $41.64
million; which will be paid in cash and stock on closing.
A definitive purchase agreement will be completed within thirty days.
For up-to-the-minute news, features and links click on
http://www.FinancialWire.net
FinancialWire is an independent, proprietary news service of Investrend
Information, a division of Investrend Communications, Inc. It is not a press
release service and receives no compensation from any company for its news or
opinions. Other divisions of Investrend, however, provide shareholder
empowerment platforms such as forums, independent research and webcasting. For
more information or to receive the FirstAlert daily summary of news, commentary,
research reports, webcasts, events and conference calls, click on
http://www.investrend.com/contact.asp
For a free annual report on a company mentioned in the news, please click on
http://investrend.ar.wilink.com/?level=279
To become an investor monitor of independent research for a company in which you
are invested, go to the not-for-profit Shareholders Research Alliance, Inc.
website by clicking on http://www.shareholdersresearch.com/
The FinancialWire NewsFeed is now available in multiple formats to your site or
desktop, free. Click on: http://www.investrend.com/XmlFeeds?level=268
URL: http://www.financialwire.net
(C) 2007 financialwire.net, Inc. All rights reserved.
**********************************************************************
As of Sunday, 02-18-2007 23:59, the latest Comtex SmarTrend(SM) Alert,
an automated pattern recognition system, indicated an UPTREND on
08-21-2006 for GE @ $33.91.
For more information on Comtex SmarTrend® Alert, contact your market data
provider or go to www.CSTADirect.com
SmarTrend is a registered trademark of Comtex News Network, Inc.
Copyright © 2004-2007 Comtex News Network, Inc. All rights reserved.
-0-
Source: Comtex Wall Street News
edit: wait 2 identical PRs....... with diff info
more News for 'PGPM' - (GE To Purchase Majority Working Interest In Pilgrim Petroleum Wells)
11:59am
Feb 22, 2007 (financialwire.net via COMTEX) -- February 22, 2007
(FinancialWire) General Electric (NYSE: GE) has completed a letter of intent to
purchase eighty percent working interest for prospective oil resources in
northern Texas properties owned by Pilgrim Petroleum Corp. (OTC: PGPM).
The transaction outlined a sale price based on Pilgrim's net present value of
$52.05 million. The total price equivalent for the transaction will be $41.64
million; which will be paid in cash and stock on closing.
A definitive purchase agreement will be completed within thirty days.
ASK just moved to .035 !!
LET GO!!!
edit: and bid moved to .031..
Maybe we'll see some action today
Awesome news IMO.
Current Estimated Market Cap: 10.035M
"80% Working Interest", "transaction will be $41.64 million"
Good news for once pgpm.
1st quarter financial reports are gonna look awesome if the deal is completed & the transaction takes place in time.
This is beginning to heat up
Too much resistance at .053
Even as we get 100k share trades at the ask it's not budging beyond that at the moment.
Outstanding Shares: 358,400,320 as of 2007-01-12
Estimated Market Cap: 10.752M as of 2007-02-16 (based on Outstanding Shares as of 2007-01-12)
Authorized Shares: 1,000,000,000 as of 2006-09-30
Float: 89,000,000 as of 2006-05-05
pinksheets.com
Yeah, but they may be leaving some margin for error or delays.
We usually give them hell when they don't meet their own deadlines so who knows.
The Buyback is like a joke. It drove the PPS down BTW.
From that un-PRed interview:
""PGPM: A lot of companies are trying to be very cautious about that, not only because the cost of being a fully-reporting company, but also its complexity and its ongoing maintenance costs. In 2006, we decided to move forward because we thought this would be the only way to bring in as much value to the company as we can. Also, we are trying to use our funds to focus more on production and to prove ourselves in terms of the exploration side of the company. We are in the process of finishing our end-of-year 2006 audit. We believe the audit should be done sometime in February. At that point, we will file the final SEC paperwork in order to move forward into a fully-reporting capacity, which may take 60 to 90 days. This should be done most likely by third quarter 2007.""
So we may get news of Audit completion info & or SEC activity
link doesn't work
Link doesn't work.