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Great news. Thanks once again!
Other Ford News
Ford poised to post big quarterly loss, cash burn in focus
4:44p ET January 28, 2009 (MarketWatch)
SAN FRANCISCO (MarketWatch) - Ford Motor Co. on Thursday is expected to post a fourth-quarter loss of almost $3 billion, with investors keying on the automaker's cash pile and whether it looks like the company will make good on plans to avoid a federal bailout.
The quarterly results arrive as the global auto industry faces unprecedented headwinds, and the U.S. market struggles through its worst sales stretch in decades.
All the major players, including the newly-crowned worldwide sales leader TOYOTA MOTOR CORP. , handed in hefty declines in the U.S. last month, leading to the lowest monthly tally in 26 years.
Ford posted sales of 139,067 cars and trucks in December, down 32% from 205,685 a year ago.
And this month and year could be even worse, with most analysts calling for very little relief throughout 2009 as consumers continue to grapple with a brutal economic climate.
"No doubt this was a really lousy quarter," Shelly Lombard, bond analyst at credit research firm Gimme Credit, said, "The third-quarter was bad and there's no way it got any better in the last few months of the year."
Lombard added that along with the cash burn rate, she'll focus on how Ford fared in markets like China and Europe as the industry struggles spread across the globe.
Despite all the hurdles, Ford has resisted following in the footsteps of rivals General Motors Corp. and Chrysler by hitting up the Treasury for low-cost loans.
Ford did, however, seek a $9 billion line of credit that it plans to use as an insurance policy against a deepening industry crisis. Questions remain as to whether the maker of the Blue Oval brand can hold out much longer should the industry continue to wilt.
The fourth-quarter results should go a long way in determining whether Ford is positioned to weather the storm. The outlook on Wall Street isn't exactly sanguine.
Analysts polled by FactSet Research are looking for a loss, on average, of $1.27 a share with sales falling off by a third to about $27.4 billion. Those numbers would put Ford's loss for the year to more than $7 billion.
On a somewhat positive note, Deutsche Bank analyst Rod Lache last week raised his rating on Ford to hold from sell, though he still maintained a cautious tone.
"While we remain concerned about the magnitude of Ford's recent and prospective cash burn ... we continue to believe that Ford has sufficient liquidity to withstand our base case downturn assumptions," he said in a note to clients.
During the first three quarters of 2008, Ford burned through $16 billion in cash, but still had reserves of $18.9 billion in cash and $10.7 billion in credit.
Lache said he expects Ford to burn through $11 billion in cash in the coming year prior to pension funding followed by another $2.6 billion in 2010.
The performance of the stock reflects the dire times, with shares having lost 70% of their value in the past year. GM has fared even worse, down 87% over the same time period.
FORD-F what does everyone thing is going to happen here tomorrow??
IDCC up again today!!! Watch for big things to happen here!!!
It may have a been a red day, but it didn't retrace 2??% so its a plus. Watch for a step up tomorrow!!
AMOR's ask is thin up to 1.50 watch for a big run this week!!!
as does everyone here!
AMOR .75 x .80 Ask is THIN!!
NEWS NEWS AM Oil Resources & Technology to Seek Product Exposure Through Media Outlets
9:00a ET January 28, 2009 (Business Wire)
AM Oil Resources & Technology Inc., (OTCBB:AMOR) announced today that the Company has adopted a strategy of pursuing air time and space on print and media outlets to increase awareness of its patented products and technologies for maximizing crude oil recovery. The Company is pursuing worldwide application for the use of its Portable Steam Generators in enhanced oil recovery efforts. The fully patented technology has been found to be highly effective in harvesting a greater amount of oil from marginally producing "stripper wells".
Anthony K. Miller, CEO of AM Oil Resources & Technology stated, "We are looking to increase awareness of AM Oil's environmentally friendly technologies that provide the ability to extract crude oil more economically. We are confident that our plan to increase media exposure with corporate features and product profiles will lead to greater acceptance and utilization of our products. We believe that this worldwide awareness campaign is the best strategy available to grow this Company. Our goal is to provide the public with a better understanding about the Company, its technology, its potential and its mission. We invite interested parties to submit inquires through our website and we will ensure that we address all significant issues as part of this awareness program". "
About AM Oil Resources & Technology Inc.:
Our mission is to use, sell and produce our patent and patent pending technologies, providing environmentally safe and cost-effective apparatus designed to maximize oil production in oil fields, in both domestic and international markets. To provide solutions to the world with technology that will recover crude oil that would otherwise remain in the ground forever. By utilizing proper development, partnership and strategic alliances, we will attain this goal. Our website is: www.am-oil.com
IDCC is looking good. Strong bid support!!
AMOR thin to $1.50
AMOR's volume should start picking up. Big things still to come. Bid is looking strong!!!
AMOR ask is thin to $1.50!!!
AMOR .75 x .80 bid keeps building!!!
XYTOS is holding up very nicely today!!!
AMOR NEWS AM Oil Resources & Technology to Seek Product Exposure Through Media Outlets
9:00a ET January 28, 2009 (Business Wire)
AM Oil Resources & Technology Inc., (OTCBB:AMOR) announced today that the Company has adopted a strategy of pursuing air time and space on print and media outlets to increase awareness of its patented products and technologies for maximizing crude oil recovery. The Company is pursuing worldwide application for the use of its Portable Steam Generators in enhanced oil recovery efforts. The fully patented technology has been found to be highly effective in harvesting a greater amount of oil from marginally producing "stripper wells".
Anthony K. Miller, CEO of AM Oil Resources & Technology stated, "We are looking to increase awareness of AM Oil's environmentally friendly technologies that provide the ability to extract crude oil more economically. We are confident that our plan to increase media exposure with corporate features and product profiles will lead to greater acceptance and utilization of our products. We believe that this worldwide awareness campaign is the best strategy available to grow this Company. Our goal is to provide the public with a better understanding about the Company, its technology, its potential and its mission. We invite interested parties to submit inquires through our website and we will ensure that we address all significant issues as part of this awareness program". "
AMOR NEWS AM Oil Resources & Technology Inc. to Build 3 Portable Steam Generators and Receives Continued Interest
Tuesday January 20, 2009, 9:00 am EST
Yahoo! Buzz Print Related:AM Oil Resources & Technology, Inc.
VALENCIA, Calif.--(BUSINESS WIRE)--AM Oil Resources & Technology Inc. (OTCBB: AMOR - News) announced today it has finished pre-engineering and will immediately start construction of 3 (three) 10 (ten) Million B.T.U. portable steam systems. The units, targeted for California’s oil fields, should be producing revenue for the Company by the end of the first quarter or the beginning of the second quarter. Each of the Company’s MTO-06 portable steam systems is capable of producing from $2 - $6 million in annual revenues for the Company. AM Oil Resources & Technology expects to construct between 10 and 20 units in 2009.
i'm doing well. I'm looking forward to the rest of the trading day!!!
I definately concur. There is alot more money to be made tomorrow here.
AMOR .75 x .80 Watch for uptick at the bell.
Really, i just wish i would have gotten in earlier. But better late than never. Thanks for the help to all the people replying to my posts and sending me pms. mac
WOW, i'm checking out the chart and its setting up nicely. I'm gonna put some in it tomorrow as well.
Wow looks like some people made some money today. Nice play to all the longs!!!
Heck ya that would be nice. I'm all about quick money!!!
Looks like the bid keeps building on AMOR!!!
Congratulations to all who got in this when it was 25.00
AMOR NEWS WOW
AM Oil Resources & Technology Acquires Build Biodiesel Technology to Create Energy Diversity
7:30a ET January 26, 2009 (Business Wire)
AM Oil Resources & Technology Inc. (OTCBB:AMOR), announced today that it has just completed design drawings to build a mobile bio-diesel device. The Company's design is a mobile biodiesel production plant, capable of producing 2,000 to 3,000 gallons of biodiesel per week. The designed plant fits into a standard truck-trailer with dimensions 8 feet wide by 45 feet long by 9.5 feet tall.
Biodiesel is the name of a clean burning alternative fuel, produced from domestic, renewable resources. Biodiesel contains no petroleum, but it can be blended at any level with petroleum diesel to create a biodiesel blend. It can be used in diesel engines with little or no modifications. Biodiesel is simple to use, biodegradable, nontoxic, and essentially free of sulfur and aromatics. Biodiesel is made through a chemical process called transesterification whereby the glycerin is separated from the fat or vegetable oil. The process leaves behind two products -- methyl esters (the chemical name for biodiesel) and glycerin (a valuable byproduct usually sold to be used in soaps and other products). Biodiesel is better for the environment because it is made from renewable resources and has lower emissions compared to petroleum diesel. It is less toxic than table salt and biodegrades as fast as sugar. Since it is made in the USA from renewable resources such as soybeans and recycled vegetable oil, its use decreases our dependence on foreign oil and contributes to our own economy.
According to Anthony K. Miller, CEO, "The mobile biodiesel plant is to be self sufficient, adaptable to different grades of waste vegetable oil (WVO), environmentally friendly, and economical. Our initial goal is to produce fuel that can be used to operate our patent steam generators, oil field equipment and/or our vehicles. Biodiesel is typically blended with diesel for usage and any surplus we produce can be sold for a profit. We can sell the glycerin as a profit center as well." Miller added, "Management and our consultants have extensive experience in this field, with involvement in one of the first stationary plants built in California. We are extremely excited by the promise this can hold for our Company." Biodiesel is fuel considered as GREEN and a focus of the current democratic administration as noted by the following Links: http://domesticfuel.com/2008/12/15/obama-picks-please-biodiesel-board/; http://domesticfuel.com/2009/01/16/biodiesel-leads-asas-priorities-to-obama/; http://www.eia.doe.gov/oiaf/analysispaper/biodiesel/.
About AM Oil Resources & Technology Inc.:
AMOR is thin all the way to a dollar!! watch out tomorrow. I've been getting emailers about this quite a bit. Its gonna have lots of volume tomorrow!!!
$54,000 worth of volume today alone.
NICE 11% today alone. This thing is gonna hit big soon!!
AMOR is starting to set up for a nice run tomorrow!!!
AMOR looking HOT!!
AMOR .77 x .80 should breakout tomorrow
EESO is looking outstanding today guys. It should carry into tomorrow imo
AMOR .77x.80 up .10 so far. Great news came out this morning as well!!! AM Oil Resources & Technology Inc. to Build 3 Portable Steam Generators and Receives Continued Interest
9:00a ET January 20, 2009 (Business Wire)
AM Oil Resources & Technology Inc. (OTCBB: AMOR) announced today it has finished pre-engineering and will immediately start construction of 3 (three) 10 (ten) Million B.T.U. portable steam systems. The units, targeted for California's oil fields, should be producing revenue for the Company by the end of the first quarter or the beginning of the second quarter. Each of the Company's MTO-06 portable steam systems is capable of producing from $2 - $6 million in annual revenues for the Company. AM Oil Resources & Technology expects to construct between 10 and 20 units in 2009.
According to Anthony K. Miller, CEO, "Our technology is market ready and we are rapidly moving to construct the first of many units we intend to sell and utilize this year. Since we launched our website at www.am-oil.com we have been receiving consistent interest both domestically and internationally, which reinforces that we are on the right track."
"Our initial target market is the more than 400,000 marginal wells in the U.S. alone. California has produced over 9 billion barrels of oil since steaming has been employed and 77 billion barrels of crude oil is still waiting to be produced by technology and innovation. We believe that our technology can provide a solution to independent oil producers as well as larger producers," continued Miller.
CNN Article and Video on Stripper Wells available at http://us.cnn.com/2008/US/09/17/stripper.wells/index.html?iref=24hours
Article from Stripperwells.com:
In the United States of America, one out of every six barrels of crude oil produced comes from a marginal oil well, and over 78 percent of the total number of U.S. oil wells are now classified as such. There are over 400,000 of these wells in the United States, and together they produce nearly 900 thousand barrels of oil per day, 15 percent of U.S. production.
About AM Oil Resources & Technology Inc.:
Our mission is to use, sell and produce our patent and patent pending technologies, providing environmentally safe and cost-effective apparatus designed to maximize oil production in oil fields, in both domestic and international markets, and to provide solutions to the world with technology that will recover crude oil that would otherwise remain in the ground forever. By utilizing proper development, partnership and strategic alliances, we will attain this goal. Our website is: www.am-oil.com.
Is anyone playing F-Ford Motor Company?
AMOR .77x.80 up 14%
ok will do. thanks.
This one is looking great. All green today for IDCC
Thats what i was wondering. 35billion in authorized shares.