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- €.05 as of 4:29 am Monday....
Last time they did a reverse split-May 24, 2013
Syriza has said that demands by creditors to reverse an increase in the minimum wage and cut pensions remain “red lines” that the leftist leadership is unwilling to cross...
Dah!!!! Cutting of the pensions is the main reason why they haven't got the money yet. And both the Greek government and Greek pensioners don't want that implemented.
So it seems they will never resolve that issue
Glad to see it went well for you. I believe hero is way undervalued. If we can get into the dollar range and stay there for 10 consecutive business days we will then be NASDAQ compliant.... once that happens we're going to shoot up like there's no tomorrow.
My 18G investment matures at $5pps.....
And that could take less than a year.
And that contract will keep getting extended as oil is going way up
Hopefully you stuck around because this train might be moving slowly but it's moving in the right direction
Crude oil over 59. Will hit 60 today
1 May: Greece has to pay €200m of loan interest to the International Monetary Fund (IMF), although it may be given a few days grace owing to the long bank holiday weekend
8 May: Greece has to roll over €1.4bn worth of maturing 6-month Treasury bills
11 May: Crucial meeting of eurozone finance ministers in Brussels - Greece likely to be high on the agenda
12 May: Greece due to repay €760m of IMF loan
15 May: Greece has to roll over €1.4bn worth of maturing 3-month Treasury bills
End of May: the country needs to find about €2.5bn to pay salaries and pensions
30 June: The €240bn bailout agreement between the eurozone and Greece officially expires
June and July: €6.7bn due to be repaid to the European Central Bank
Oil way up to 59 today
No surprise here. Our price per-share has reflected those results already
Oil up to 58 today...
Some chickens getting out before Q1 tomorrow morning
New York's decision to ban fracking for health reasons could reverberate beyond the state, bolstering other efforts to limit the controversial method of drilling for oil and natural gas.
While two dozen U.S. municipalities and at least two countries, Bulgaria and France, have also adopted bans, states have been slower to act. Fracking opponents say New York, which surprised them Wednesday with the boldest move of any state so far, will change that.
"It definitely has a national political impact ... It really has a domino effect," says Deb Nardone, director of the Sierra Club's Keeping Dirty Fuels in the Ground initiative.
She and other activists say the measure could intensify pressure to roll back nascent fracking plans in California, Illinois, Maryland, and North Carolina, and to help secure a permanent ban in the Delaware River Basin, which supplies drinking water for nearly a thousand community water systems in the mid-Atlantic region. It could also buoy efforts in various state legislatures, many of which return for a new session in January.
This from a yahoo poster on fracking ban:
1 hour 59 minutes ago.
Reduced production from fracking in US - Positive for HERO
Lately has several side effects of the fracking production in US been observed. Bulgaria, France and New York has banned fracking. Have we just seen the beginning of a ban among the states in US on this production method, if that is the case could it be foreseen that the overproduction currently in... More
Sentiment: Strong Buy
Good news for hero:
studies have found groundwater contamination and air pollution near fracking sites, increasing the risk of cancer, birth defects, skin rashes, and upper respiratory problems.
Fracking, combined with horizontal drilling, blasts chemical-laced water mixed with sand underground to break apart shale rock and extract oil and gas. Some of the fluid may leach into groundwater.
New York has banned fracking. Other states are following suit ...a few European countries have done the same
Huge news. Hedge funds bet big on oil price rally
News from yesterday.
From article with the above title :
High quality global journalism requires investment. Please share this article with others using the link below, do not cut & paste the article. See our Ts&Cs and Copyright Policy for more detail. Email ftsales.support@ft.com to buy additional rights. http://www.ft.com/cms/s/0/2c4c11d0-e9d5-11e4-ae1c-00144feab7de.html#ixzz3YFhVytL3
The split was clear this week at two major conferences on opposite sides of the Atlantic. Hedge fund managers, bankers and trading houses at the FT Commodities Global Summit in Lausanne, Switzerland, were largely of the view that oil prices have bottomed. Brent hit a 2015 high above $65 a barrel on Thursday, having slumped to a five-year low near $45 a barrel in January.
“We see the supply side falling away very quickly here,” Paul Horsnell, head of commodities research at Standard Chartered, told the FT Summit. Mr Horsnell forecasts Brent could rise above $80 a barrel in the third quarter of this year.
That's been the case for how many weeks now...
Anyway I got out a little better than I thought
Eurogroup ‘Unfriendly’ to Greece, Varoufakis Hammered by Peers
by Philip Chrysopoulos - Apr 24, 2015
Friday's meeting of euro zone finance ministers bore no fruit for Greece and Finance Minister Yanis Varoufakis was hammered by his peers.
Continue - See more at: http://greece.greekreporter.com/category/greek-news/#sthash.87H6Pwe3.dpuf
I saw the share price increase at 1:15 as the high of day. When the news came out that the meeting accomplished nothing the share price started to come down fast.... that's all I said. It's now up .€ .04... but down from the high of day after the meetings.
Anyway here's what I'm doing... getting out this morning at the best price I can. With the meeting accomplishing nothing the next meeting is not till May 11 or 12th. The media is going to be spewing bad news and taking nbg way down by that time. And then even at the May meeting you don't know what's going to happen...
The money I take out of NBG today will be put into Hero.... it went from .44 to .94 last week and now it's down to .68 and I believe going up from here as oil is going up on a daily basis...
I'll get back in NBG when the dust settles and I know whether Greece is in the euro zone or is going to exit
Nbg price falling off a cliff after meeting
Meeting went worse than expected.....
11.10am 11:10
Malta’s finance minister, Edward Scicluna, has reportedly told journalists in Riga that there was a “complete breakdown” in communication between the two sides today:
Look it up under Greek News
Oil way up....58.19 up 2.03...
Sentiment is numbers will be better than analysts predict..
Look for some upside starting any time before Q comes out in a few days
Sediment is numbers will be better than analysts predict..
Look for some upside starting any time before Q comes out in a few days
€.99 down .03 in Greece.....Trading $1.07 US
Careful.. trading at US$1.07 in Greece
The United States is in confrontation with Iran in Yemen waters....
I'm sure that Iran is not going to be able to sell their oil after this..
Halliburton shares rose 2.1% to $47.85 on the New York Stock Exchange as the company beat analysts’ expectations. Excluding special charges, first-quarter profit was 49 cents a share. Revenue fell 4% to $7.1 billion. Analysts polled by Thomson Reuters were expecting earnings of 37 cents a share and revenue of $6.96 billion.
Maybe hero can do the same
Get the phony chart man to save you
It was probably this
By Mehreen Khan
4:20PM BST 21 Apr 2015
European Central Bank draws up plans to limit emergency assistance as Alexis Tsipras gears up to meet Chancellor Merkel
Shares in Greece's stricken banks have fallen to an all-time low reports suggested the European Central Bank was considering pulling the plug on the country's lenders.
A memo drawn up by the ECB's staff proposed capping the emergency assistance (ELA) that has been keeping lenders alive since the Syriza-led government entered office at the end of January.
Stocks in the country's biggest four lenders fell by 4pc this morning on the news.
ELA has been drip fed to the country's banks as the Leftist government in Athens has struggled to meet the bail-out conditions demanded from its international creditors.
The assistance is provisional on Greek banks remaining solvent, but capital flight has seen banks hit the ceiling on the funds on an almost weekly basis.
With the clock ticking on Greece's future in the eurozone, Greek prime minister Alexis Tsipras is due to meet with Chancellor Angela Merkel on Thursday. The pair last met during an official visit to Berlin by the Greek premier earlier this month. It is thought that the Leftist government sees Ms Merkel as their best hope for reaching an agreement before a series of crunch repayments to the IMF are due at the beginning of May.
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The ECB's report, seen by Bloomberg, also suggested increasing the haircut Greece's private banks take when posting collateral with the central bank in Athens.
Central bank president Mario Draghi has insisted banks continued to be eligible for ELA, which has reached around €74bn. However, other members of the Governing Council have suggested the liquidity assistance should not continue after the summer. Any decision to remove the life-support would require a two-thirds majority among the bank's governing board.
Should the ECB pull the plug, Greek banks will go bust in a matter of months, said rating's agency Standard & Poor's.
"In the absence of support from the European authorities, we believe that a default of these Greek banks appears inevitable within the next six months," said S&P.
ECB vice president Vitor Constancio said capital controls could also be an option should the Greek government request them.
Continued reliance on emergency funding has seen Greece's Eurosystem liabilities top €110bn over the last few months. These Target2 liabilities at the European Central Bank raise the cost of a Grexit for the rest of the eurozone, including Germany, the bloc's biggest lender.
Greece's liquidity strain has become so desperate the government has issued an emergency decree forcing all local government bodies to transfer their cash reserves to the Bank of Greece.
But in a move which is likely to cause consternation in Athens, it was revealed that the Brussels Group of lenders had urged the government to confiscate the funds if they wanted to continue paying out public sector wages and pensions in May. The cash transfer will add an estimated €1.2-€2bn to the government's coffers.
"I expect that this will simply hasten the outflow of funds from Greek banks and the collapse of the banking system." said Marshall Gittler of IronFX.
Greece's precarious future in the eurozone has also raised alarm in Washington. The White House's chief economic adviser Jason Furman said a Grexit would take "a very large and unnecessary risk with the global economy just when a lot of things are starting to go right”.
A former director of market operations for the ECB, Francesco Papadia also said "mutual trust has disappeared" between the two sides.
But in a development which is likely to antagonise the creditor powers, Alexis Tsipras has been looking to strike a deal with Russia over financial aid and discounted gas. The head of Russia's state-backed Gazprom was in Athens today, ahead of reports the Kremlin is poised to provide a €5.4bn sweetener to the Leftist government for a planned gas pipeline running through the country.
Should any deal be signed today, this would see "Greek government coffers eventually bolstered by a clandestine windfall," said Robert Kuenzel of Daiwa Capital Markets.
Investor sentiment across the continent has also taken a hit on the back of Athens' woes. A measure of economic confidence in Germany, the ZEW index, fell for the first time since October this month, as the Greek crisis shows no signs of abating.
The head of France's central bank warned on Monday that Greek banks stood on the brink of bankruptcy and would eventually run out of collateral to continue receiving ELA.
"It is therefore urgent that Greece put an end to the current situation and that Athens should establish a programme with the IMF and the backing of other eurozone countries in order to reestablish confidence," said Christian Noyer.
We should know later tonight or tomorrow morning if Russia dished out the €5 billion to Greece for the pipeline
Tuesday's news. United States wants deal fast...
US pushing for Greek solution in ‘interest of entire world’
By Hans Nichols & Marcus Bensasson
The US is pushing Greece and its creditors to reach a deal that returns the country to growth, President Barack Obama’s chief economist said.
It’s in the interests of Greece, its creditors and “the entire world” for the sides to determine the structural economic reforms that will get the country growing and enable it to pay its debts, Jason Furman, chairman of Obama’s Council of Economic Advisers, said in a Bloomberg Television interview in Berlin on Tuesday. US officials aren’t convinced by European reassurances that the fallout from a Greek euro exit would be contained.
“I don’t think it’s an experiment we want to run,” Furman said. “If Greece and the institutions don’t find a path forward, it wouldn’t just be terrible for Greece, it would really be a risk that the global economy shouldn’t want to take.”
With negotiations over bailout aid deadlocked, Greek Prime Minister Alexis Tsipras on Monday ordered local governments to move their funds to the central bank. His government needs the cash for salaries, pensions and a payment to the International Monetary Fund and is running out of options to stay afloat.
European leaders want Greece to do more to revamp its economy, with progress to be reviewed on April 24 in Riga, Latvia, when finance ministers from the currency bloc meet. European Commission Vice President Valdis Dombrovskis said in an interview in Washington that creditors might need to wait until mid-May to see what Greece can deliver.
The US is encouraging Greece and the officials representing the European Commission, the European Central Bank and IMF to “roll up their sleeves” and do the technical work needed, Furman said.
“The president is personally paying attention,” he said. “It’s something he discussed with Prime Minister Renzi, for example, when he was in Washington last week. He’s discussed it with other leaders.”
[Bloomberg]
ekathimerini.com , Tuesday April 21, 2015 (13:02)
Russia visiting Greece today with €5 billion in hand...
8.54am 08:54
Gazprom chief Alexie Miller is visiting Athens today to discuss “current energy issues of interest” with prime minister Alexis Tsipras, according to the energy ministry.
The ministry declined to comment on rumours that Gazprom could pay up to €5bn to Greece in return for deal to extend its planned Turkish Stream gas pipeline.
Don't really know who's dumber. Greece for not accepting the terms or the euro zone for not giving...
If I had to pick one, I'd say the euro zone is playing a dangerous game
Someone bought 170,000 shares. Quarterly report out tonight or tomorrow.....
Do you think someone know something :))))
Hero getting set up for next jump
Crude-oil futures rose in Asian trade Monday after China announced a surprise cut in banks’ reserve requirements over the weekend.
On the New York Mercantile Exchange, light, sweet crude futures for delivery in May CLK5, +1.56% traded at $56.45 a barrel at 0433 GMT, up $0.71 in the Globex electronic session. June Brent crude LCOM5, +1.21% on London’s ICE Futures exchange rose $0.65 to $64.10 a barrel.
Over the weekend, China’s central bank announced a surprise one-percentage-point cut in banks’ reserve requirement. The move came a few days after data showed China’s economic growth decelerated to 7% year-over-year in the first quarter, the slowest pace in six years.
The size and timing of this cut indicates the country’s leaders are more deeply concerned about the state of the economy than official comments previously indicated, Brian Jackson, China economist at IHS Global Insight, said. He said the move potentially unleashes 1.2 trillion yuan in new financing to prop up growth.
China is the world’s second-largest consumer of oil and the pace of its economic growth has a direct impact on its energy demand.
here's my message Friday morning..
And for those who didn't listen I want to again say I told you so.
onedayyyyyyyyy Friday, 04/17/15 09:44:00 AM
Re: None
Post # of 4274
Don't let the dumb negetive made up news writers scare you into selling.
They are paid to do so
Told you so ...
Don't let the dumb negetive made up news writers scare you into selling.
They are paid to do so