A negative mind will never give you a positive life
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Natural gas futures gained 13.7 cents to $13.526 per 1,000 cubic feet.
Oil prices near $146 on threat of Iran conflict, supplies
Updated 29m ago | Comments124 | Recommend14 E-mail | Save | Print |
Yahoo! Buzz Digg Newsvine Reddit FacebookWhat's this?The Associated Press
Oil prices neared $146 a barrel Thursday for the first time ever on reports of declining U.S. stockpiles and the threat of conflict with Iran.
Comments by Saudi Arabia's oil minister suggesting his country had no immediate plans to boost production also lifted prices.
The European Central Bank raised interest rates, which could further weaken the U.S. dollar and drive oil prices even higher, as investors turn to commodities as a hedge against a falling greenback, traders said.
By midday in Europe, light, sweet crude for August delivery rose $2.28 to a record $145.85 a barrel in electronic trading on the New York Mercantile Exchange.
On Wednesday, the contract set a closing record for floor trade at $143.57 — a full $2.60 above the previous close.
FIND MORE STORIES IN: United States | Europe | London | Israel | Spain | Switzerland | Saudi Arabia | Tehran | New York Mercantile Exchange | Madrid | Singapore | Energy Department | United Arab Emirates | Persian Gulf | Malaysia | Nymex | Morgan Stanley | Middle Eastern | Bahrain | Energy Information Administration | Iran | Central Bank | Brent | ICE Futures | Kuala Lumpur | Strait of Hormuz | Fleet | Gertz | Platts | Purvin | Victor Shum | George Jahn | Ali Naimi | Vice Adm. Kevin Cosgriff | Eileen Ng | Ole Slorer | Olivier Jakob of Petromatrix
The latest spike means a barrel of crude has gone up more than 50% since the end of last year, when oil was going for $96 a barrel.
In London, Brent crude futures rose to a trading record of $146.69 a barrel on the ICE Futures exchange before retreating to $146.07, up $1.81.
"Even though the rise of European interest rates has been priced into oil, an official announcement by the ECB will still add momentum to oil prices," said Victor Shum, an analyst with Purvin & Gertz in Singapore.
The push above $145 a barrel was seen as a last technical barrier to prices hitting $150, in what analyst Olivier Jakob of Petromatrix in Switzerland called "the Morgan Stanley self fulfilling prophecy."
In early June, a prediction by Morgan Stanley analyst Ole Slorer that oil prices could reach $150 by the July 4 weekend caused the Nymex contract to jump nearly $11 in a single day.
Speaking Thursday in Madrid, Saudi Arabia's oil minister, Ali Naimi, left the door open for increased output, but said the kingdom's oil customers were satisfied and that no production growth was planned for now.
The Energy Department's Energy Information Administration said Wednesday crude oil supplies fell by 2 million barrels last week, or about 800,000 barrels more than analysts surveyed by the energy research firm Platts had predicted.
However, the report offered a mixed picture of energy use by the world's thirstiest oil consumer. Gasoline supplies unexpectedly grew by a considerable amount, and demand continued to slide — suggesting record fuel prices are prompting a shift in American driving habits.
Ongoing rhetoric about possible attacks on Iran, the world's fourth-largest oil producer and OPEC's second-largest exporter, also left the market jittery.
Traders are worried Tehran could try to halt shipments and seize control of the strategically important Strait of Hormuz if attacked by Israel or the United States. About 40% of the world's tanker traffic passes through the Middle Eastern choke-point.
Iran's foreign minister did not rule the possibility that Iran could try to restrict oil traffic in the strait if the country was attacked.
"In Iran we must defend our national security, our country and our revolutionary system and we will continue to do so," Foreign Minister Manouchehr Mottaki said in an interview with the Associated Press in New York.
Mottaki said he does not believe Israel or the United States will attack, however, calling the prospect of another war in the Middle East "craziness."
A senior U.S. military commander vowed to ensure that the strait remains open.
"We will not allow Iran to close it," said Vice Adm. Kevin Cosgriff, commander of the 5th Fleet based in Bahrain, after talks with naval commanders of Persian Gulf countries in the United Arab Emirates.
The saber-rattling has left energy traders on edge as they try to ascertain the likelihood of a Middle East flare-up and the effect it could have on the world's already tight supply of oil.
In other Nymex trading, heating oil futures added 5.15 cents to $4.1230 a gallon (3.8 liters), while gasoline futures rose 2.56 cents to $3.5750 a gallon. Natural gas futures gained 13.7 cents to $13.526 per 1,000 cubic feet.
Simple, my Dad says when the right contractors get to the scene in this final step, it could take only one day for production to begin! I think even with the long weekend, they might be sneaky and be getting gas to the meter before monday. What you have to understand, is its not just a day off for them, its thousands and thousands of daily gas dollars that the company wants!! I think it will be fully productional by Monday.
Gooood morning folks!! Loved that PR yesterday. I must say, with my dad being in the gas business, I was very worried about the pressure testing. Could have caused major delays, but it didnt!! That was the pr I needed to see to start adding to my position. Letting the whole board know, if there is selling in the .014 range, I would love to take them off your hands!! I also loved closing up another 15% yesterday when updv and so many others were down. Very nice strength our htog has been showing. The next few weeks, is going to be the run of a lifetime! Have a great morning everyone.
Pinnacle Digest: Heartland Oil and Gas Considered Company Of Interest By Leading Online Investment Group
Jul 03, 2008 (M2 PRESSWIRE via COMTEX) -- www.PinnacleDigest.com is a performance-driven online financial magazine and social network with a proven track record. After yesterday's news from Heartland Oil and Gas Corp. (OTCBB: HTOG) announcing that it has successfully conducted pressure testing on its new 4 mile pipeline in Kansas, signaling the completion of that pipeline, our team has launched their exclusive investor controlled forum. Our staff and members have requested that all Heartland Oil and Gas shareholders join our community and share their thoughts on the company, its development and future outlook. One of the most important aspects when we research for new investments is to understand the sentiment of the current shareholders; that is why we have released this announcement - we want to know your opinion.
Once a member of PinnacleDigest.com you will have access to all our Heartland Oil and Gas research. It is our goal to find viable opportunities for each one of our members.
Look out now
Since my posts in the last week have been accurate and pps perdictions also. I have one for you fine people, .035 or better today
Yes, hard lesson learned forsure. I tried to help with no results for some. The big money will be coming in as soon as the confirmation of the pipeling pr hits the wires! Germans are buying this up bigtime, it seems they have a little secret over there! Im researching those trucks now and there company
It does not have a mind of its own. People, this is not a pump and dump. It has real revenues, 330,000 in may and thats about to triple in July! Thats what is driving this, real revenues in a sector that couldnt be hotter. Thats why this is rolling and bashers are no where to be found.
HTOG is where to be. Look out people that sold are already chasing and UPDV down. Enjoy the lesson friends, this is where you want to be and hold through .05
Would love to hear from gonzi now, mmmmm..
Told you folks that the sellers would be sorry from yesterday. Gapping at .0155
Mark this post! Watch this text book headfake coming! I have seen it so many times with good companies in good times as we have here right now. The same people that might sell early this morning will be chasing and paying more and panicking to get right back in. I am going to the golf range now, good luck everyone
That was awesome!! lol, Have a great day and I see .025 today
I agree with you forsure! There will not be any bad signs, just mms trying headfakes to pick up shares before the big news. They know the game, some dont. Have a good morning
LOL, Im sorry I didnt know you were brand new here. Natural gas at all time highs... So, we are opening 12 new wells this week putting our production at 100% gains output wise bringing in around a million per month in revenues per month starting immediatly. Thats all
This could gap up bigtime and the people that sold yesterday are not going to be happy!! A honest question for anyone, why would anyone sell before the biggest news in company history? Why wouldnt you just be patient and realise how lucky you are and smart that you own htog at these ridiculous low levels? Thanks in advance for the replies
Good morning folks!!! L2 looks strong! In my humble opinion, there will be rookies selling when they shouldnt! The biggest news could hit at any second. The big money just waiting on the sidelines for confirmation via a pr that the 12 wells are now producing will come pouring in!! Why do some wait? Simple, they have made there bank roll already speculating, so now they dont have to speculate, they wait for confirmation missing some percentages but still make huge cash. They stay ready, I on the other hand like to speculate still on things I believe will happen and I sure wouldnt want to be out of this stock at 9:40 am when the biggest pr in company history hits the wires at 9:45. Friends, know what you own, this is just getting started and it will move to the upside in penny incriments very soon, thats very hard to chase. Good luck and good morning
Im so glad people are starting to see what I have been trying to say since .005 Congrats to the people that new what they were buying, that didnt listen to the naysayers calling for .001 .002 and saying it couldn't break a penny. Its because the facts are here, they are real, they are not distant, they are getting bigger and better by the day and our product is at all time highs and going higher. Our revenues are going to be over a million a month. This stock is going back up to where it belongs. They are back in a big way with perfect timing on there side. Expect prs to be timed perfect, expect filings to be done right. The company knows what they have. The last pr was written perfect and thats why there were no bashers. Stocks can run to .50 from these levels like ncey, it ran that high in a month and touched .70 today. Be smart and know what you own and know people want your shares and know the aspects are in line here for a major run. Good day folks and congrats
I am so happy to see how strong this is, its just getting started and people know that. .024 on the close and I read some are selling now before the biggest news in company history. WOW, to each is own I guess. Welcome all new shareholders and enjoy the ride to .15 and the revenues and prs and expansion!
Yes momo, we have the alerts, the attention, 100 percent of the market share and when smart money finds something like this which is very hard to find, they focus on it in many ways instead of completely spreadin out there assets evenly.
10 alerts so far today!! The word is really getting around! Lots of people putting our os around 900 million and .15 short term pps and around 1 million a month in revenues. Myself, I think around 500 million os, natural gas going up everyday and our production going up so I see 1.5 million a month in revenues and a short term pps of .25
Time will tell, but it seems a lot of people agree! Bashers cant even show there face, there is nothing for them to lie and complain about. Im very happy for everyone here that need a financial break through tough times.
Sir, when our pps is at .20 our share volume will adjust. Everyone know why the attention is here, natural gas! And our production, and timing, and big boards getting killed and so much more. Spin anyway you want, we have found a real gem and the pps will to the talking. The only thing I know is I wouldnt want to be without shares going into the long weekend
, sources say a big daddy pr coming after the weekend before market hours to continue with massive momentum. I believe that very much because of how the company has handled itself as of late. Good luck
There is just nothing out there like this. Even updv is down now. The smart people follow momo, especially when it is backed by real revenues. We could be doing 1 million in revenues a month very soon, thats why people are saying .50
I think, like the germans put it, .15 to .25 short term is very achievable! ncey, .02 to .50 in one month, well lets cut that run in half and I think a lot of us will be happy! This is how we want it to trade going into the pr confirmation of the 12 wells producing and then ,,, well it will be going up 2 or 3 cents a day after that! The big money will hit this very hard and thats how it will move through .15
LOl, they said it couldn't move from .005, then they said .007...lol This guys just want your shares, the volume is huge because everyone knows where this is going, .15 Whoever is trying to flip or even sell these levels, wow! This small run is from may's revenues. The 12 well expansion news could hit any second and if your out then, seeee ya and I wouldnt be ya, it will shoot up to .05 then!
This is nothing!! Wait to they announce the pipeline open! Then new revenue nmbers, then new talk about the 300 wells!! Thats why people will buy and hold this through ten cents! This is what people look for, and some never find it. Congrats but this is just the begginning, the best part is its not some dream! The revenues are real, the natural gas going up to all time highs are real, the momo here is real, the expansion and 100 percent production gains are real, and all this is this week not six months from now.
Anyone that thinks these price targets are too far off, just look at ncey! .02 to .50 in one month! We have that opportunity here. Have a great day folks and welcome all new shareholders!! Nice buy
Wow!! .0092 now, we are going to shoot right through are .01 barrier and never evr look back!! I think people really know where this is headed!! Thank you very much!
updv will never catch us now!! the momo is here and here to stay until .25 atleast
.0087 just went through premarket!!! .02 today
bidding at .0089!!!
DOMS was on the ask at .0084 Then at 8:48am he went on the bid at .0082 and on the .02 ask!! Got to love it
Going to gap up on the open. This could see .01 by 10:30am
Nice to see all the new people here and we dont see hardly any bashers because there is nothing to bash! Thats a beautiful thing!! Enjoy the morning folks
Big board futures looking very bad, our future looking very good!
That is a nice play but the momo is here! And we all know how important that is. Also, much more to worry about there, something bad could occur with cnfu, another one of there companies, and so on, and here its the biggest time in htog's company history! Only one thing to focus on here, but good luck with updv, I might pick some up when I see there overall numbers. Have a great day
Just a few news alerts hitting the wires, we are speading this amazing opportunity quickly now! I believe that the big boards are getting killed so bad that investors are looking else where to recover a little, and this is a great place to do it. Not to mention the safer investors that know that it is the time to get in because the real rather large revenues are about to pour in! There is no disputing that fact, and that is what makes this stock so attractive to so many diffent investors. MOMO. Our sector is as hot as any, and the momo and overall timing is with htog! Enjoy the day, and .02 is insight for today!
OTCPicks.com: OTCPicks.com Stocks to Watch for Tuesday, July 1st NWTT, SMWF, EMVL, FRGY, HTOG
InvestSource Inc.: FIMA Subsidiary Standard Minerals Seeks Third-Party Verification of Oil and Gas Reserves on New Mexico Property
RealPennies.com: Turning Pennies into dollars: (OTC: MEXP), (OTCBB: NWTT), (OTCBB: HTOG), (OTC: PRRY)
Jul 01, 2008 (M2 PRESSWIRE via COMTEX) -- Stocks in the News: FIMA, Inc. (Pink Sheets: FIMA), Heartland Oil and Gas Corp. (OTCBB: HTOG), NDS Group (NASDAQGS: NNDS), Teva Pharmaceutical Industries Ltd. (NASDAQ: TEVA), Solarfun Power Holdings Co., Ltd. (NASDAQ: SOLF), and James River Coal Company (NASDAQ: JRCC)
June 30, 2008 - FIMA, Inc. (Pink Sheets: FIMA), an emerging diversified land development company, announced today that its wholly-owned subsidiary Standard Minerals is seeking an independent assessment of its holdings in New Mexico. Currently, Standard Minerals holds 24 individual oil and gas leases in southeastern New Mexico. These leases cover more than 11,000 acres of highly sought-after land adjacent to the historically productive Permian Basin that runs through West Texas and southeastern New Mexico and produces 16.4 percent of the nation's oil and 7.1 percent of its natural gas. According to a spokesperson for FIMA, "We acquired the leases in New Mexico for several reasons, such as their proximity to the historically productive Permian Basin as well as the excellent outlook for oil and gas prospects in both the short and long term. We believe that a thorough, independent analysis of the property in order to narrow our focus and determine the most promising points to begin drilling is the most prudent step for our Company and to protect the interest of our shareholders. We believe that the current conditions of the energy market present superb opportunities, and we are committed to pursuing those opportunities in the most effective and responsible way possible."
June 30, 2008 -- Heartland Oil and Gas Corp. (OTCBB: HTOG) has achieved another milestone as it continues to expand the production from its oil and gas properties, posting revenues in excess of $220,000 from its natural gas fields in Texas. Combined with its expanding coalbed methane production in Kansas, Heartland posted total natural gas sales of more than $330,000 in May. With the completion of its nearly 4 mile pipeline expansion project and the subsequent connection of 12 additional wells in Kansas, Heartland expects to double its coalbed methane production. This accomplishment will also allow Heartland to accelerate its efforts to further expand its natural gas production in Texas in the next phase of its well improvement plans directed at the 5 Barnett Shale wells Heartland has completed in Palo Pinto County. As previously reported, those improvements will include the installation of a salt water disposal well and connection to a low pressure natural gas sales line. "With natural gas prices projected to continue their escalation, these additional production increases should result in exponential revenue growth," remarked Heartland Spokesman Jack Baker. "In light of the many obstacles we have encountered as we have pursued our business plan, including the tightening credit markets, soaring oil field service and supply prices and inclement weather, the undeniable success we are now achieving is most satisfying. These successes should translate into expanding shareholder value, the ultimate goal of every public company."
The natural gas talk again tonight on fast money. Buy buy buy, geese I really cant believe we are in this stock so low. Good night folks
Now turn that chart around and thats what we will have going into the next six months. Bam
Thank you and have a nice evening. The facts are right in front of us, its very pleasant to be in at these levels.
Wow, where are the bashers, lol Great day folks and only going to get better. Why one should ask, well after the pr this morning people are happy to see those monthly revenues. But wait a minute, the biggest deal is simply the 12 wells coming online this week!! Good timing for fire works you could say. And natual gas is just going to keep going up! Very big things in the near future for us, isn't that what everyone looks for? The company, its product, momo, is all coming together for the perfect storm. The bashers were out this morning calling for .001 and .002 then they went away. Congtays to the solid people that know where there investment is going. The monthly revenues are going to be unreal and the pps will continue to drive forward. I remembe readind on the qmnm board, "maybe we will get to see .01 or .02" it shot right past that. Well I just read the same thing here. The pps is reflecting whats happening to our company, the facts are clear, 12 new wells are being opened this week adding to what we already read this morning. They will take the next set of numbers and either lease or sell the 300 wells out or get some huge financing benefiting the company and its shareholders in bigger ways they we should even talk about now. Thats what the new money coming in over the next 2 weeks see, the big smart dollars anyways
The safer big money is entering now! After the release of real revenues this morning and there 12 new wells coming online this week, the next set of numbers will be huge. This is exciting for everyone! People dont have to wait 6 months for the wells to open and revenues to come pouring in. Its happening this week here and the pps is about to have a record month. Off to the pool, have a great day folks, and welcome new shareholders, there will be a lot more of you soon!
Wait to cndkid10 sees this news!! He is very smart and all over this, he knows where its going. This will be trading in penny incriments by the end of the week!!
I got an email from some of my german friends this morning, there shrt term target before this news is .15 by the end of july. I believe that, this is a real company with real revenues about to break out to the biggest and most promising time in the companies history. Plus the timing of natual gas and momo, there is not a better play then htog. Simple
I have read the news 10 times. Everything in there is just amzing and exactly what people want to see. Real revenues and expansion. Geese, and they expressed a nice little message to us shareholders at the end, could they be telling the public something? I think so. Can you just imagine the revenue numbers coming out after the 12 well expansion is functioning this week!!! I am so damn lucky that I am in the next big runner like ncey at these ridiculous oversold levels.
Heartland Posts Further Revenue Gains - Texas Natural Gas Production Exceeds $220,000 in May
JACKSBORO, Texas, Jun 30, 2008 (BUSINESS WIRE) -- Heartland Oil and Gas Corp. (OTCBB: HTOG) (FWB: HOCA) has achieved another milestone as it continues to expand the production from its oil and gas properties, posting revenues in excess of $220,000 from its natural gas fields in Texas. Combined with its expanding coalbed methane production in Kansas, Heartland posted total natural gas sales of more than $330,000 in May.
With the completion of its nearly 4 mile pipeline expansion project and the subsequent connection of 12 additional wells in Kansas, Heartland expects to double its coalbed methane production. This accomplishment will also allow Heartland to accelerate its efforts to further expand its natural gas production in Texas in the next phase of its well improvement plans directed at the 5 Barnett Shale wells Heartland has completed in Palo Pinto County. As previously reported, those improvements will include the installation of a salt water disposal well and connection to a low pressure natural gas sales line.
"With natural gas prices projected to continue their escalation, these additional production increases should result in exponential revenue growth," remarked Heartland Spokesman Jack Baker. "In light of the many obstacles we have encountered as we have pursued our business plan, including the tightening credit markets, soaring oil field service and supply prices and inclement weather, the undeniable success we are now achieving is most satisfying. These successes should translate into expanding shareholder value, the ultimate goal of every public company."
About Heartland Oil and Gas Corp.
Well said and great trading. It is a no brainer a many many people see that