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That is just what I want to hear. Keith has found someone who has more experence drilling horz. wells.
and regret I won't be doing that project."
meaning that maybe someone else will be????
Check-out the trading action for today, big joke. More buys than sells and we drop 43%.
Oh, Hemi is the real deal, and I think you know that. Hemi is undervalued at this sp and if or when they pr the drilling has started the sp will rise in my opinion. Hemi is not the only company playing a low profile these days in these hard times and I believe management is making the proper decisions at this time. You bring-up a lot of good points and we both agree in order to continue operations they must increase production of oil. I'm not here to convince anyone to invest in Hemi, just a long time investor waiting for things to get better.
Badge, I don't know if the net proceeds are still available to continue developmental drilling. Wish I did. I do believe we should be getting a pr soon that will perhaps explain what course of action Hemi will be taking in the future. You either believe in Hemi and its management or you sell, not much in between.
Sounds plain to me.
Net proceeds will be used to continue developmental drilling programs in Woodson County, Kansas.
Lets hope Hemi starts drilling that horz. well soon and the sp goes up 200% like ALRY did today.
Something new. lol
All buys today and we drop in share price??????
USC Cowboy, Your concerns are realized here by I'm sure many of the shareholders and myself included. Your concerns go unanswered because I doubt anyone really knows, except for Keith. You have a big investment here and I also, we both know that Hemi has to create much better production if they are to remain cash flow positive. I think that it can happen but Hemi will have to use all the management skills they can muster-up to get thru these hard times. I for one do respect your posting and hope we can both make a profit after all is said and done.
SP up 27%, I wonder if there could be some news coming?
At the current oil market trends it is going to be Hemi's responibiliy to keep costs down until it recovers. Keith has explained this in his last message and has been upfront with the shareholders. Like many people I am not happy with the current sp, however, I understand how we got here, and it makes no differance to me what some posters believe. If Hemi can hold-on for another year, get the horz. well drilled, and maintain their leases I think Hemi can be a successful company. For those that disagree with my opinion that is your right, you do not have to buy shares in what you believe is a failing company. As a semi-retired coal miner I am sure you realize that my savings haven't come easy. If I lose my investment in Hemi than I have done it with my eyes wide open and I have no one to blame but myself. I too will hold on to my Hemi shares, they may be down at the present, but I think they will be worth a lot more in the future.
Chart is looking a little better, you could be right.
I am of the understanding that when a CEO sells shares in his company filings must be made, so yes you are right there are no filings.
Keith says he is still a shareholder and I believe him.
Neither I nor anyone involved with Hemi is pleased with Hemi’s stock performance; as both a shareholder and Hemi’s CEO, I am committed – as are all Hemi employees – to turning this situation around.
Kieth spends very little time promoting the company in prs and I look at that as a good thing and I could be wrong but any shares sold by the CEO would show-up in the filings.
I still believe that all it would take for the sp to start moving back up is a pr stating " horizontal drilling has started " If the drilling is successful with good production Hemi is off to the races. I think people forget that Kieth has many shares in this company and that gives him a lot of reasons to want to see this company succeed.
I am already " all in " on Hemi, hundred of thousands of shares. Now, it is a waiting game, but thats ok, not going anywhere. I'm semi- retired and will be going back to work June 1 to Oct 9 or about, not sure I'm ready to get my hands dirty, but it keeps me young. lol
We have buys of 17500, sells of 5000, and pps drops 20%, does little good to watch the trading. Hemi will be back when the price of oil goes up and they start drilling again.
It appears we may have some good news coming and all I can say is " it's about time".GLTA
Cowboy, You are not the only one that has been left out of the loop when it comes to information about Hemi,however,I do not believe there is much going on at this time. The info given to us by the CEO appears to state that they are waiting for better times to restart their drilling program. Yes, there are many that are unhappy with the way things have turned out in the oil markets today but I can only hope that Hemi can hold out thru these bad times. I believe Keith has been honest with shareholders and when things are looking better and there is info that is meaningful he will let us know. I do not think that now is the time to give-up on Hemi, there will be better days ahead when you consider all that Hemi has going for it, in my opinion.
Here is a chart that will get your attention:
http://research.stlouisfed.org/fred2/fredgraph?chart_type=line&width=1000&height=600&preserve_ratio=true&s%5b1%5d%5bid%5d=AMBNS#
I don't think it is a matter of if oil is going to go higher, it is a matter of when. Can Hemi hold out long enough with their current production of oil? Imo Hemi needs to start drilling the horizonal well when the weather clears, lets hope they do.
Oil Has to Go Up, Eventually
Monday, March 30, 2009 10:47 AM
By: Julie Crawshaw Article Font Size
Oil company spending cuts and falling oil prices have lowered oil production by 8 million barrels a day, setting the stage for a new round of oil price increases when the current recession ends.
The study, performed by Cambridge Energy Research Associates, described the capacity reduction as a “a potentially powerful and long-lasting aftershock" of a price slide that took oil from $147 in 2008 to about $53 a barrel today.
"A price collapse of this magnitude really registers on the Richter scale, and its impact on levels of future investment will be felt for years," CERA chairman Daniel Yergin told The Wall Street Journal.
Prior to the global economic crisis, Yergin’s company foresaw world oil production capacity rising to 109 million barrels a day by 2014 from the current 94.5 million barrels a day.
The group now says 7.6 million barrels a day — or slightly more than half of that increase — is "at risk" due to project deferrals or cancellations.
CERA expects a large number of new projects will be postponed or canceled due to the low oil price.
According to the American Petroleum Institute, a 4.6-million-barrel buildup in U.S. crude stockpiles is pushing prices lower and bearish economic indicators will likely keep prices volatile in the short term, The New York Times reports.
In addition, a potential collapse in the U.S. dollar on the back of trillions in new money printed by the Fed would push prices higher still, as foreign suppliers would demand more depreciating dollars for the same oil.
© 2009 Newsmax. All rights reserved.
Storm piles more than 2 feet of snow on Kansas
5 hours ago
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KANSAS CITY, Mo. — A storm has buried parts of Kansas in more than two feet of snow and knocked out power to at least 17,000 homes and businesses.
The same storm also dumped heavy snow on parts of Oklahoma and the Texas Panhandle.
The National Weather Service said the heaviest snow in Kansas by Saturday morning was 28 inches around the Pratt area.
Other areas of Kansas reported snow drifts up to six feet high.
Some areas are dealing with freezing rain that has coated power lines and trees with ice up to an inch thick. The Kansas Adjutant General's Office said 17,000 customers are without power.
Texas officials say some highways may be closed until afternoon because of the heavy snow
Things will pick -up for Hemi in the future:
http://ih.advfn.com/p.php?pid=nmona&cb=1236366764&article=36691561&symbol=NY%5EBP
I compare Hemi with my other pennny stocks and find there is no comparison, they all have huge debt and have nothing to sell but hype. Oil will go back up in time and if the horizontal drill is successful that is going to put Hemi in a pretty nice position. Its all a gamble no matter what your invested in, at this stag of the game I think staying with Hemi is a good call. Things have not always gone well for Hemi, however, they have shown me they have the ability to move forward and stay on solid footing.
I see your doing your part to hold the pps up, good man and a true believer. You passed me in shares but thats ok I've got enough to party hard when this goes back up. Now if Keith could do his part and give us a nice pr that would make my day.
Looks to me like" low volume" day. lol
It is over for this one!!!
Do you have proof that there is dilution, if so I would very much like to see this proof. I am willing to believe that there is dilution in the shares but you can not state it as fact without proof. I'm all ears.
Just my opinion, but I believe the market has Hemi's pps based on their current oil production ONLY. ( perhaps somewhere around 600 to 800 bpm). I also think that Kieth realizes the markets are not giving Hemi credit for all that Hemi controls in the way of leases and reserves. That is the reason for the new hor. drill that is about to to begin. If Hemi is successful in this project production could double to 1600 bpm and then with a second drilling to 2400bpm. this is what I am hoping to see. I know I'll probably catch hell for even suggusting such a possibility but that is how I see things happening.
the company focused its efforts in servicing other companies' wells. These service contracts have allowed Allenergy to remain viable and not dependent on oil income.
Larry Sanford, CEO of Allenergy, states: "We have taken the necessary steps to keep our cash flow in line with our expenses. We believe that oil prices will rise again at which time we will return to our efforts to generate profit from the discovery and sale of oil. Our shareholders should know: Allenergy remains viable."
It appears to me that Larry is trying to keep his people busy during this slow down and stay cash flow positive. Do what you have to do Larry to stay in business.
Thank you Kels for sharing with the board about your recent trip to FW. It was nice to see that you came away with a positive feeling about Hemi. I doubt that we have heard the last of the negitive posts because of the lack of transparity with production of oil, reserve reports, A/H trades, and A/S-O/S. I am hoping that Keith will be working on these problems in the near future and will at least give us the correct O/S numbers in the next pr.
Praying for better times.
Kels this "what where how and why is getting on my nerves and the board & pps are suffering.If you bring us back a few answers from FW and stop the pain I would be greatful. Have a good trip and good luck.
Thank You
Perhaps it is just me and I don't understand how it all works but the " ACCUM" is shooting skywards on the chart, shouldn't it be moving down with all the selling that has been happening?????? Do you have an opinion on this?
Does it really matter? Just followed this stock to see where it went, my guess was correct. GL
The games they do play, been bitten to many times, I am just sorry for the ones that couldn't see it coming.The pinks are no place for new investors, way to many crooks trying to take your money. For the ones who lost money on this P&D I hope you learn that pumpers are not always your friend. SAD BUT TRUE GLTA
I saw this coming and mentioned P&D, there was way to many pumping posts. Pumpers can be your enemies when they are trying to get your money. GLTA