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Thanks Don, I remember you too. I got my eye on this like a hawk...some huge potential here. Might have an epic runner on your hands. I need to do some detailed DD, and if the water is nice I'll go get my swimming shorts!
Looks like some churning in the 9's.
What's all the fuss about here? Is there a new PR or something? I read the DD Steve put out...looks promising, at a good price point!
Can't say I disagree...you gotta be double careful with these plays...depends on your volatility tolerance. One thing is for sure, this will tank eventually.
Nice reversal signs here...what's the dillio? Any news or just a pure technical play?
Is there anyone else besides APS promoting this?
Lol I see the same discrepancy...you'd think they'd at least do some due diligence instead of picking a stock out of a hat. A mining company making video games made no sense
I got a little more cheese to throw this way come Monday. I got in at a good range but since we've done nothing but go up, I've averaged up
I wouldn't be making multi-dollar predictions here yet. I'm a realist...first a nickel, then we take out 200 ma at 11 cents. From there, depending on company updates we could be in the quarter range.
So yeah, plenty more upside to go here!
This chart couldn't get any more beautiful...what a wonderful play this has been so far. Huge upside remaining still! FNRC
Great strength today...even when consolidating the stock is trading in the previous close range. We have a solid base to move into pennies and beyond.
Looking for 5 cents short term then the 200 ma of 11 cents mid term. FNRA is very strong here!
For sure bro, the chart is an absolute dream with RSI only at 68.74...we're not even in overbought territory...Much more room to run before any consolidation is needed. Once the masses get a whiff of this, the lid is gonna blow off the top. Multi pennies at least here. I realistically see us going to 5 cents short term.
Playing with the big boys...this stock has the most upside potential of any I've seen in a while. And I've been in some big time runners from the get go like ATR*, CBI*, and ICP*....those were definitely some multi baggers like this will become!
Anytime bud...received your pm about the other thing as well..will check it out..sorry dont have pm...this is my part time money maker lol. Keep up the good work here!
Got some fresh dough...gonna add to my avg here in the 8's!
No problem bud...everything points north with this stock...the chart, the potential, low float, the balance sheet, and rising commodity prices...couldn't keep it to myself
Enjoy the ride partner!
Damn this is what I wake up to?
This is becoming the multi bagger I was talking about. What a beast!!!
Just think what will happen here as more people become aware...solid share structure, low float, and sitting on the next energy hotbed known as the Utica Shale.
Market cap 10 times below asset surplus here...17 mil assets 6 mil liabilities. Company in great financial shape and positioned exceptionally well for the next biggest potential commodity source in the U.S.
Its called trading buddy...nothing goes straight up...at least you picked the right username, I'll give you that.
The Utica Shale is where its at...Hundreds of millions are being spent there by energy giants...I'm guessing they have found their next huge commodity source.
Agreed...this thing always runs in the afternoons it seems...bulls are holding tight...low float will help this baby fly. We'll continue our northbound movement!
It's just an annual report with supplemental info, most of this information was already made available to investors...at least the financial aspect of it. The balance sheet is healthy, with asset ratio of 17 mil to 6 mil. The company will be benefiting greatly from the rising commodity prices and the restricted cash available to them in order to test and drill new sites they are leasing. The reversal trend should continue with rising commodity prices and the addition of gas/oil producing wells. The Utica Shale can play a major role in the companies progress to positive profit margins and growth!
Now you're just getting ridiculous, at least make accurate comments. You have wiped any credibility by posting false information. The AS is 500, 000, 000 as of December 2012. Cherry picking information is gonna cause you a bigger burn.
Looks like we have a short in dire desperation for this to go down...I kind of feel bad but then I don't, if you know what I mean
How many millionaires do you guys know that invest $14, 000, 000 at $.32 a share without due diligance or potential. Come on, something is on the horizon...we're moving north!
Up almost 21% when most of market was red...great day here, we will continue our northbound journey tomorrow!
FNRC - 1st NRG Corp.
Perfect Chart setup, rising commodity prices.
The Company has total assets of $17,359,754 vs. total liabilities of $6,431,976 as of September 30, 2012.
http://stockcharts.com/h-sc/ui?s=FNRC&p=D&b=5&g=0&i2185301d=p7560
FNRC - 1st NRG Corp.
Perfect Chart setup, rising commodity prices.
The Company has total assets of $17,359,754 vs. total liabilities of $6,431,976 as of September 30, 2012.
http://stockcharts.com/h-sc/ui?s=FNRC&p=D&b=5&g=0&i2185301d=p7560
Yeah, especially $14,000,000 worth...they're gonna want to see at least the $.50 price per share to make it worth their while. Usually, when investors plop down multi-million dollars on something, they know more than the regular Joe who's trading with a grand!
This chart set up is a dream...Technical traders will be drawn in on this one for sure...Great day of trading so far. We're moving north!
The low float here is another reason why this will explode...moves on a dime this one. The share structure is excellent here!
Nice call bud...didn't expect it so soon but thats even better...huge bids...we're moving north!
Yeah the whole market is taking a beating today...I can handle a day of consolidation/sideways trading...the chart setup is beautiful, and the rising commodity prices are icing on the cake...this hasn't even begun to run yet...gonna be a multi bagger from these levels!
Good to see green here when most of the market is red today!
All things point north with this stock. The commodity prices in Natural Gas is up 60% from $2.5 per McF to $3.984 per McF, and Crude Oil prices are up 25% from its July 2012 low's of $78 per barrel to the current value of $96.76.
The Company has total assets of $17,359,754 vs. total liabilities of $6,431,976 as of September 30, 2012.
"Depressed commodity prices have resulted in a number of the wells in which we hold an interest to be shut in until economic conditions improve"
The above reflects the companies intent to open up wells as commodity prices improve, expect this to happen soon as we have seen an uptrend in the commodity prices as reflected above.
The current holding of the company is as noted:
CBM – Northern Wyoming:
The Clabaugh Ranch field has had 42 wells drilled through September 30, 2012 with a success rate of 100%. Our
drilling inventory consists of 8 permitted well locations and 28 future locations, all of which are CBM resource
opportunities. We believe there is sufficient long-term pipeline takeaway capacity to accommodate our existing
production.
Bakken/Three Forks:
Our working interest
will be 12.5% (10% net). The initial test well is scheduled to be drilled prior to year end 2012. USGS estimates in
2008 of recoverable oil in the formation beneath Western North Dakota, Eastern Montana and into Canada were as
much as 4.3 billion barrels of oil.
In the four years since, new drilling and completion techniques have some
industry participants estimating the resource to hold 20 billion barrels of oil and 4 Bcf of natural gas.
Utica Shale – Eastern Ohio:
We are also finalizing agreements to develop approximately 7,150 acres in Eastern Ohio, one of the most active
areas for oil, natural gas and natural gas liquids exploration in the United States. Recently the Ohio Department of
Natural Resources released estimates of the possible Utica-Point Pleasant recoverable reserve potential in Ohio to be
between 3.75 to 15.7 trillion cubic feet of natural gas and 1.3 to 5.5 billion barrels of oil. Recently the USGS
released its first estimates of the reserve potential of the Utica Shale to be about 38 trillion cubic feet of
undiscovered, recoverable natural gas, 940 million barrels of oil and 9 million barrels of natural gas liquids. The
USGS estimates included part of Maryland, New York, Ohio, Pennsylvania, Virginia, and West Virginia.
Niobrara Shale – Western Nebraska:
The Company also has entered into an agreement which will deliver an Oil and Gas Lease and surface use
agreement for 1,370 acres located in Banner County Nebraska. We expect the area to have possibilities to develop
the Niobrara Shale which is being compared to the Bakken Shale in North Dakota. Located in the Denver Julesburg
Basin which extends from Southeast Wyoming and Southwest Nebraska into Northeast Colorado the acreage will 13
provide the company with possible oil, natural gas and natural gas liquids development in the Niobrara Shale, as
well as the Codell, Greenhorn, D and J Sands. Industry estimates of the possible Niobrara Original Oil in Place
(OOIP) are 30 million BOE per section, however recoverable oil, natural gas and natural gas liquids will vary by
area, thickness, porosity and fracture systems.
FNRC Chart
Natural Gas Proces & Futures 2012-2013
http://finviz.com/futures_charts.ashx?t=NG&p=d1
Crude Oil Prices & Futures 2012-2013
http://finviz.com/futures_charts.ashx?t=CL&p=d1
1st NRG Group Financial Statement September 2012
http://www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=96868
Took a position here a few days ago...the char t is beautiful and the numbers are great...very high potential here!
Slow and steady...my personal target is $.17 in the next few weeks!
Good day today, the chart is nicely setup...looking for a few good green days ahead!
It's about time for this to run!
You can say that again!
It's funny how the crooked SEC can manipulate the market themselves. Someone should ask them about WTC 7 and all of their 'investigations' that went with it. I have more faith in KMAG then I do in the SEC, that's for sure.
Investor sentiment has become 'guilty until proven innocent' which is inherently against everything we have been taught in this country...
What if Reid is right? He has backed his company and his filings, that doesn't sound like a CEO that wants to duck and run.
The rocket scientists at SEC should concentrate a little more on the P&D's that steal millions from investors everyday and leave companies that are actually trying to do some work alone. Sheesh!
I'm not selling, no point really...not at these prices. I will hold until the end of the year and watch the developments. If nothing happens, then it'll be a nice tax loss
Since this has become a legal matter, I decided not to say too much on the recent events. At this point, I have low expectations and high hopes. I based my investment decisions on the companies filings that I still deem to be true. That is the best we can do as investors; make decisions based on facts presented to us. I believe since Jeff is holding a large quantity of shares himself, he has an inherent interest in handling this situation in a timely manner that produces positive results for him, the company, and us stakeholders.
The fact that SEC has decided to take this action against KMAG is obviously negative and unexpected...But then again, I've never viewed the SEC as being the moral compass of the securities industry. Jeff has some work to do so I will allot him the time to get it done. In the meanwhile, I choose the stay away from all the opinions presented here by others, none of us really know what is headed our way...nevertheless, I hold my high hopes.
Yeah we're well on our way there...The net profits are up to 9% now as well, looking better than my conservative expectations...and I'm happy about that.