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I thought you guys might be interested in checking out this oil and gas stock. The symbol is ENDE. The company is days away from announcing a major increase in production. They have just finished drilling their first horizontal well and sources on the ground believe the production increase is very substantial. Management expected between a 500% and 1200% increase in daily production! We are waiting for the news any day now! The company website is www.endevcoinc.com.
take care and happy new year
Looks like holding around .02. A little positive action with some small buying over the last few trading days. It would be nice to climb and hold back above a nickel.
I believe we'll be between .05 and .10 in the not so distant future. First horizontal well going good, second one shortly on its way. 298 more wells to go. The money will be flowing! Still waiting and looking forward to an official press release on this.
On the table:
-Gulf projects
-Columbia projects
-Peru project*
Your welcome. Things are going to start picking up around here. It should get pretty exciting.
Merry Christmas and Happy New Year
-oilin07
Those are all big questions that the company needs to answer. This company lost its investor base and credibility because those questions were never answered. I'm here hoping its not a scam, but you know how the saying goes "if it walks like a duck, and talks like a duck, its a duck"
There is obviously a connection between all of these companies. There is obviously a connection between the guys running them as well. They are either a bunch of crooks who are on the verge of getting busted, or they are a bunch of friends and business partners who are trying to put some deals together to make some legit money. I have noticed that some of these guys dont have the best rap sheet which is another red flag and cause for concern.
Regardless, in the end, the bad guys always lose and the good guys always win. So if these guys are crooks, they wont last too much longer!! The only sad thing is the innocent investors who purchased and held shares of these companies will get hurt as well.
But neither scenario is yet to be determined. Its either a heck of a buying opportunity or a crap shoot.
Good luck and Merry Christmas to everyone &
God Bless everyone
-oilin07
casing cemented in vertical shaft, drilling started on sideways portion of well! Good luck!! one of 300!!
What ever came out of the trip to Africa?
tick tock tick tock tick tock tick tock ...em
I just hope it doesnt go from early December to early January and so on! I have also heard this is the real deal this time, so lets see if thats true.
Howard,
"Management of U Mining expects that a binding agreement will be adopted by government authorities in early December (2007)."
Is this still the case?
signed contract?
Howard, Anything new? em
It wont take much buying pressure to get this stock price much much much higher.
Howard, anything new? ;)
One thing is for sure, and that is that nothing is for sure!...BUT I also know this... if UMNG comes through like i'm hearing and they actually get this pipeline contract in Africa, us very few shareholders will be GREATLY rewarded. Hopefully just in time for Christmas!! We will surely find out here in the near future.
God bless everyone
-Oilin07
Pay attention to and keep an eye on umng here in the near future.
I think we might start to see a nice steady rise in the share price here pretty soon leading up to the much anticipated news!
The FIRST real contract is on its way! em
If they get that deal it will be HUGE for them and us shareholders.
...and more...
"Management also announced that it is in preliminary negotiations for a SECOND multi-million dollar contract in addition to this initial pipeline contract. Although this pipeline contract is not congruent with U Mining's current uranium and green energy divisions, it is more importantly a major milestone for achieving the Company's objective to maximize return to its shareholders. Management forecasts that this pipeline contract will significantly increase U Mining's asset base and enhance its profitability."
read post 17938 em
that something real is going to happen this month. em
tick-tock tick-tock tick-tock tick-tock em
I think your going to be right!em
I agree. I say buy as much as you can anywhere near this level.
Howard,
I took your advice and bought a little of hrrn today. I'll keep my eye on it and possibly add more as with umng. Feel free to pass on any other insight you might get into these companies. By the way, which one do you feel is the better of the two investmtents?
-oilin07
Im invested here for the longterm, BUT when a stock appreciates several hundred percent in a very short time, i usually sell a percentage of my long holdings, to usually buy back in at a somewhat decent lower price. Doesnt work all of the time as I have sold on runs to have the stock keep running, regardless the majority of my shares go long and especially in UMNG's case. I came here because of the uranium and i will stay here because of the uranium.
The tide continues to turn. Whenever this stock price recedes down to around a penny the shares get gobbled up, and it doesnt take much gobbling up for the stock price to climb right back up to .02. There is definitely accumulation taking place. This stock has been known to trade extremely erratic. Scottrade originally flagged me in regard to its trading pattern. I think there is some type of special connection with the market makers who trade this stock. I wouldnt be surprised if we see a huge run coming again in the near future taking the share price back over .25.
News next week???
Hopefully in the near future we will get a press release about a "signed" done deal!!
Howard,
I am definitely holding longer term here. I have been trying to pick up some cheap shares. I was able to get some today. This company still has an attractive share structure. Thanks for the info. Im looking forward to the future.
-oilin07
What is your opinion of what lies ahead in three weeks?
thanks,
oilin07
ps. I added a few more shares today
I called the company. I have noticed they do have trouble sticking to timelines though. em
Offshore well to supposedly start sometime this winter.
Short junction field in OK
I do notice it is very hard to buy cheap shares. The good thing is it wont take much buying pressure to get us back to .10
I agree. Im pretty sure things are going to be starting to heat up here.
The tide is turning. em
I have a feeling we are going to be heading much higher. I think we will pop above a nickel by the end of the week. I purchased a little today, and will be purchasing some more tomorrow. I have another feeling that mm's are preparing this for another longer run towards .25.
I have heard, and dont know how true it is though because it came from a second hand source that endevco set the casing this week. If that is true I would expect it to start producing in a matter of 1-2 weeks.