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Think I'll move my money over to HMGP, the mod over there knows how to pump a stock.
If the market would put a fair value on ALRY, I think we would be at a quarter or higher. This is based on oil/gas production and revenues from RHWS, and not accounting for the amount of oil and natural gas reserves the leases are sitting on. nuggetman sounds pretty bullish, think I'll take jason's advice and try and hit the .07's Monday morning, although they may not last very long. Let's all do some buying and see if we can't close higher than big brother.
Thanks for the excellent field report nuggetman, much appreciated. Hope you get to see the drilling rig in action before you return to Arizona. Weather doesn't appear to be a problem for next week, highs in the 40's and 50's. Please thank management and crews for their dedication and hard work on our behalf.
If the price of ALRY gets any lower, one would think they would be attractive to a bigger company. They are sitting on some prime leases that are surrounded by the bigger players and have a well servicing company that is in big demand. I wouldn't be against some kind of deal with a credible investment firm to get the share price up. It would benefit the company as well as shareholders, if they raise cash to acquire more assets and get a plan in place to get off the pinks imo. Who wants to take credit for the 200 share sell at .065???
USSU is .95X.98 up a dime as I am typing! I don't know if ALRY management is planning any promotion. I think they are concentrating right now on getting the oil and gas out of the ground and increasing production. I think we can all agree that word of ALRY is not getting out to the massses. ALRY should be a hot stock with oil over $95 and natural gas on the rise!
USSU.OB is being heavily promoted, probably being paid for by free trading shares in the company. Seeing the valuation on USSU makes me think we have a good shot at seeing much higher prices when word finally gets out beyond the I-Hub universe.
What is the bid support at .065? 4mm or .4mm? Is mm million or thousand? TIA
I got spam e-mail..USSU.OB, USA Superior Energy Holdings, Inc. market cap of 62.5 million, producing 1200 Barrel oil per month. ALRY has a market cap of under $5 million producing 1500 to 2000 barrels oil per month eqivalent. Price of USSU .91, price of ALRY .07! USSU, 88 wells on 1200 acres. ALRY, 150 wells on over 4000 acres in Kansas and Oklahoma. Think we're undervalued?
I imagine seeing the stock price still at these low levels after all the acomplishments of the past year are terribly frustrating for ALRY management and crews.
I was also there on the Allenergy leases with Larry, Rex, Andy, and nuggetman. I took a peek into the two nearly full tanks as well, I want to say that they were 210 barrels each, I didn't ask how long it took them to fill them up. Don't forget, production is one side of the business, the well servicing is going great guns. I won't go into the whole day's itenerary, thats been covered, but only to say that they are all excited about the way things are going with the company. Anyone that goes out onto the leases are in for a treat, the scenery in this part of Kansas is beautiful, you'll also learn alot about the oil business. If you are a shareholder, I encourage you to go take a look for yourself. I had a great day out in the beautiful countryside topped off by taking my granddaughters to see the local high school's production of "The wizard of oz" that evening.
Is it time to go bargain shopping? I'm already in the hole! OUCH!
Thank you lowman, I've been somewhat redeemed, I can wipe at least some of the egg off my face. There shouldn't be a problem gettting a return on their investment rather quickly imo. I'll see if I can't get one drilled for myself, call it the LDC #1 LOL.
Sorry for any misunderstanding, the last thing I want to do is mislead anyone. It was just a wild a$$ guess without any basis of fact.
I don't think its as much as one would think....you can drill it, log it, install the casing and cement it in one or two days. come back in a few more days and install the pump jack, piping, electric and tank batteries. The installation of the pump jack etc. can be done in house. Then the perforation and fracing. This is just a guess, I may be all wet, but maybe when all said and done around $12,000 to $15,000. If it were and you get say 80,000 MCF, the payback would be in about 3 or 4 weeks after the dewatering if it were necessary. This is just a wild guess, don't hold me to it, anyone else can chime in with their own estimates. Better yet, call the company, they should be able to tell you. Let us know.
Remember this....
INDEPENDENCE, Ks., Aug. 14 /PRNewswire-FirstCall/ -- Allenergy, Inc. (OTC Bulletin Board: ALRY), with a 17-year history in the oil and gas industry and current involvement in the multi-billion dollar natural gas fields in Kansas and Oklahoma, today announced that Constellation Energy Partners LLC (NYSE: CEP), has retained Rex Horning Well Services (RHWS), an Allenergy company, to service more than 300 oil and gas wells in the Kansas area. Constellation Energy Partners recent acquired significant coalbed methane properties from EnergyQuest Resources LP in Kansas and Oklahoma.
They worked on this contract last week.
I listened, very impressive. The only thing that bothered me was his statement about the last financing being in the money. There may be some profit taking from this little spurt. Of course we could get approval for NtProBNP anyday.
In case you're not watching, oil is up $2.62 per barrel to $96.60, natural gas is up as well to $8.10. Gasoline and heating oil are rising. I filled my tank last night...15 gallons of gasoline cost me $50 bucks. Money should be pouring into these micro oil/gas plays. Not even one trade on Hemi so far today, and only 14000 on little ole ALRY!
One thing we can safely say is that high energy prices are here to stay. The race is now on to acquire the prime leases while they're still left to be found and get the goodies out of the ground.....with $96 oil and $8.00 gas these shallow wells in Southeast Kansas can start producing and making $$$ very quickly. Short timeframe for return on investment. A well can pay for itself quickly, not for certain, but its my belief it can happen in a matter weeks at todays prices.
What's going to significantly pop up first?
I like the premise of your question, you are assuming both will eventually pop, that is nice to hear. I have no idea which one will pop first, though I'm hoping it will be ALRY because that's the one I own. Good luck in your decision.
Thanks for the chart. I see the channel, also there is really good support at .075. Who knows, perhaps this will attract some momo players and we become flavor of the month. Hemi Energy Group had a nice run recently to .18, maybe it will be our turn next. Myself, I'm in ALRY as a longer term investment. Anyone else surprised the $95 oil price hasn't made a difference? We are producing oil and gas. Look for oil prices to go higher, nuclear armed Pakistan is in political crisis.
I talked to IR last week, we are ever so close to FDA approval and a partnership on ProBNP. I hope they come Monday before the conference. I didn't know there was a board for RBM on I-Hub, I've been in this stock since 1996. There's a stockhouse board that is pretty good, and also one on Silicon Investor. We'll probably double from here real easy.
How does the chart look on ALRY? Just curious.
Chiricano wrote "nuggetman has been to the anticline and has seen!!!
Count me in as well. I have seen the anticline. Some magnificent real estate. I would have to concur with nuggetman's assessment though I didn't get to see as many of the properties. We spent the day (Thursday) on the anticline with the drilling rig. I thoroughly enjoyed my time with Larry, Andy, and Rex. I tried to stay out the way as much as I could and at the same time learn what was going on. They were more than happy to answer all my questions, they really know the oil business and are committed to making ALRY a success. I wanted to go back on Friday and watch the well being logged, that's how much I enjoyed being there, but I had prior a committment.
I think your e-mail is jacked up, never got anything. I sent you a message last night and I got a 'fail to deliver' message. Don't worry about it, I think I have another source for that information. Thanks for trying anyway.
Where did I say they should sell shares at a discount to buy shares on the open market?
Oil is surging, closing in on $95. This would have been a great week to start drilling. Drat! I agree, reduce the A/S, do a share buyback and reduce the float, also, they could drive home the fact the stock is undervalued. If insiders would buy shares, even a token amount would give investors a lift. Days like today give large investors pause, too bad if one would have to liquidate. 6K is pretty pathetic imo.
We've had really good weather the past two weeks, was hoping they could get the drilling started. These drilling rigs apparently are in big demand so one has to wait in line. I'm guessing they are staying busy with the CEP contract and with their own leases. I don't have PM gb55, so shoot me an e-mail, mine is in my profile.
Oil is back up almost $3 a barrel to over $93. If this were a gold mining company, and we were bringing gold out of the ground instead of oil, wouldn't you bet we'd be a buck a share! Big volume today.....$76 worth!
I also like bigcoin's numbers!
http://investorshub.advfn.com/boards/read_msg.asp?message_id=23740417
Oil up $1.72 to $93.68!
ALRY is profitable with $40 oil, they must be really be doing quite nicely now imo.
Yes that's what he means, every one of his posts on ALRY is a subtle hint in that direction, evidently he thinks it's a scam operation. He pumps on the NCEY board, why does he care about this one? Would he like it if we over to his board and posted that kind of innuendo?
What part of SEK are you from gb55? I wouldn't mind the drive out tomorrow as well, but don't know the directions to the lease. You can e-mail me the directions if you have them, my e-mail address is in my profile. TIA
Wonder if they have any pecan trees on their leases, they are pretty thick in that part of the country. I sure do love pecan pie!
Just got back from Independence and the parade, had a great time. I drove to the west side of Independence and then back east on Sycamore street, as I got close to the downtown area I ran into the Allenergy Headquarters. It is a nice building that had the Allenergy logo (as you see in the i-box) on both sides of the building that you see from the street. The parking lot was full of cars, parade goers I'm assuming. We got a lot of exposure locally as that area of town was really buzzing. I didn't stop by, figured they were closed but don't know that for sure.
There's a Sunnoco refinery in Tulsa, Oklahoma as well as the one in Coffeyville, Kansas, there isn't one in Chanute that I am aware of. I suppose the oil goes to where they get the best prices? With $92 crude, and if the new well produces 35 to 40 BOPD, if they're getting $80, we're talking $96,000 per month in revenues from this one well. I am anxious to find out how the new well is proving up, and if they are close to drilling the three additional ones. Wonder if they are going after surrounding leases in this new field?
Sure nice to see green for a change. I'll go to Independence tomorrow a.m. to see the neewollah parade with my grand daughters and then drive by Allenergy HQ and look at their new facility. Next week I may get out and enjoy the beautiful Southeast Kansas fall weather, see blackoak's ball lease and new well or wells for myself, providing I get permission from the company. $92 oil and ALRY is only eight cents? A year ago, ALRY was twenty cents with $40 dollar oil! Logic dictates we should be at forty to fifty cents imo.
How about some green for a change? This is depressing watching this drip drip drip red day after day. Anyone talk to the company lately?
If you care to dream, if the four wells on the Longton Anticline each produced 40 barrels per day for a month, that would be 160X30days=4800 BOPD, three times their present monthly production. Add 1500 from their other wells + 4800=6000+ barrels per month. 6000X$80=$480,000 per month in oil and gas sales. Add in Rex Horning revenues we're over a half million in revenues. Quarterly revenues of $1.5 million would give per share quarterly revenues of .023, times 4 would be annual revenues of nine cents per share. Assusuming a 35% net, earnings would be 3.2 cents per share. A 20 times earnings ratio would give ALRY a price of 65 cents per share. I think the reason this doesn't trade higher is exposure, this is an I-Hub stock, no one else seems to have heard of Allenergy, they have work to do in this area imo. Feel free to pick this apart. Good Luck.
I bought mine at .08 and .081, got too impatient. Here's the last ten trades today. Somebody is really wanting out and dumping into the bid. Gee I wish this company would get the stock straightened out. Maybe they should be buying some of these cheap shares with their oil money, it appears to me unless I'm missing something that they are undervalued. That way there would be less mischief imo. This is very depressing!
15:57:01 Q 0.08 -0.005 5,000
15:56:18 Q 0.075 -0.01 100,000
15:54:52 Q 0.077 -0.008 4,000
15:54:44 Q 0.075 -0.01 5,000
15:54:19 Q 0.077 -0.008 20,000
15:54:10 Q 0.077 -0.008 2,000
15:47:05 Q 0.077 -0.008 12,000
15:37:45 Q 0.077 -0.008 10,000
15:32:28 Q 0.077 -0.008 3,500
15:31:59 Q 0.077 -0.008 11,500
Are they still going to drill the new wells next week and have you heard any updates on the AE4 well?? I haven't been able to find out? Looks like the weather is going to cooperate. Dang it, I wish this selling would stop! I bought a bunch at the ask and WAM, they dropped her down like a rock! Someone else put their finger in the dike.
Whats going on? Is it dump time? Money flowing out of ALRY into HMGP as was alluded to earlier? Imo, this is a better play, but what do I know.
This is bullcrap bigcoin, did you see that oil is going up, almost to $90? Hemi energy is back up to .15 but what the heck, Allenergy stock is doing nuttin. Allenergy seems to be doing everything right like putting out production numbers, but the stock is not doing squat. I'm perplexed!