Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Yes $2 pps is very doable. Catherine must be waiting until all of the 'i's' are dotted and 't's' are crossed. She wants this PR to maximize Matrixx's full potential. I haven't been this excited in 2 years.
That be me.
Is Catherine even still around?
Trade-you seem to have developed a good rapport with Bednar. Why not give him a call and ask what Ms. Lopez is up to, when will his shareholders get an update, etc?
Only drilling Catherine is interested is on her and her shareholders. Shareholder interests are of zero concern to her.
When's the next shareholder meeting?
Maybe she is getting drilled.
Anyone have a picture of Catherine that they can post?
Veritas- We haven't from you in a couple of months. Are you still holding. Stop by when you have some time.
Par
Letter from Maverick received in the mail/ Anyone else get one?
Par
Same here.
Par
Tom- Have you had a chance to contact Tony at their IR firm?
Par
I think I passed it on before. I told him that as a shareholder I was pleased with co.'s performance I was disappointed with the stock liquidity and what was management going to do to address building shareholder value. He said that they were going to continue to address building the co. and let that take care of the value adding that management themselves as the largest % shareholder's also have a vested interest in seeing the share price go up. However it seems like they have no short term interest in moving off of the pinks.
Par
Yes I have.
Par
Tom
I thought I recalled that you know the outside firm hired to handle their pr's etc. Have you tried to talk with them to express any of the same issues as a way of conveying a message to management? Management has told me that they are quite content in the way they are running the company and their approach towards increasing shareholder value. That plus they hold the vast majority of shares.
Par
Ditto
Par
Welcome to the board mtneer. Let us know what your observe out in the field.
Par
Trade-only a Slayer could find something wrong with those numbers and she probably will.
Par
Have a great time Trade. Board is in good hands.
Par
Trade-
Check your yahoo mail. I sent you a email.
Par
Does he just take calls or will he respond to an email? If so do you have his address?
Par
Jordy-same here. Emailed her with some investor questions few weeks ago and never received a response yet. Management has yet to be influenced by external investors.
Par
I was able to get on and agree nice update to their site. Good job Maverick. Now let's get this stock listed on a more desirablable exchange.
Par
I can't get on either from several different computers. They are likely doing an update.
Par
The outlook for NG pricing looks promising as well.
Par
DOW JONES REPRINTS
Surge in Natural-Gas Price
Stoked by New Global Trade
Further Gains Likely
Despite 93% Spike;
Bidding With Japan
By ANN DAVIS and RUSSELL GOLD
April 18, 2008; Page A1
Americans feeling the pain of record gasoline prices now face the likelihood of another fuel shock, from natural gas.
Prices in the U.S. have risen 93% since late August as power-hungry nations like South Korea and Japan compete in a global natural-gas market that scarcely existed a half-decade ago. Still, U.S. prices are as low as half the level of some overseas markets, suggesting they have much further to rise.
Tokyo Electric Power Co.'s Futtsu Thermal Power Station seen from aboard the LNG Pioneer, a liquefied-natural-gas carrying ship.
The global appetite for natural gas has profound implications for a U.S. economy already tipping toward recession and struggling against inflation pressures. The fuel heats half of U.S. homes, generates 20% of the country's electricity and is used to make everything from fertilizer to plastic bags. In March, rising natural-gas prices contributed to a higher than expected 1.1% increase in producer prices, according to the Labor Department.
U.S. natural-gas output has actually been rising in recent months, and not everyone agrees that prices are destined to surge. However, a significant number of financial players are now betting on an increase.
On Thursday a report by the Barclays Capital unit of Barclays PLC warned that, partly because of rising natural-gas prices, the U.S. could start to see spikes in electricity costs in as little as a year. "Power is at the cusp of its next boom cycle," analysts said. "When power markets tighten, prices do not notch up, they skyrocket."
NEWSHOUND QUIZ
1
Care to test your memory of recent news events in WSJ.com's weekly Newshound Quiz? Sign up for the quiz,2 and then look for the latest installments in your inbox on Fridays. Be the first to reply with all your answers correct, and you can declare yourself Top Dog!
On Thursday, natural-gas prices on the New York Mercantile Exchange fell five cents per million British thermal units, or 0.5%, to settle at $10.383, ending a three-day upward march. That's 33% shy of the record close of $15.378 on Dec. 13, 2005, when a cold snap jolted the market.
What's new is the global price competition. Prior to 2003, gas was primarily a regional commodity, consumed near where it was produced and transported by pipelines. Often, it would be simply burned off as waste at oil wells, since transportation was so difficult.
That changed with development of cheaper methods for supercooling and transporting the fuel across the ocean in liquefied form, which requires 1/600th the space. The global trade took off.
Attracting Imports
Today, a tanker of liquefied natural gas, or LNG, pulling into port in Japan can command close to $20 per million BTUs, roughly double the price of the U.S. benchmark. As a result, the U.S. is having trouble attracting the imports it needs to supplement homegrown production.
Last weekend, Cheniere Energy Inc. inaugurated a massive new LNG terminal on the Texas-Louisiana border capable of accommodating six tankers a week, making it the largest terminal in the U.S. However, observers expect few tankers to dock there until they can obtain higher prices for their cargo. Cheniere's stock is down 70% from its 52-week high; earlier this year, it put itself up for sale.
For the moment at least, the import slowdown means the U.S. has a glut of LNG import terminals like these. From California to New England, proposals for such facilities have faced staunch community opposition. This month New York Gov. David Paterson said the state wouldn't issue a permit for a proposed terminal in the Long Island Sound, arguing that it wasn't appropriate for the environmentally sensitive area.
Overall, U.S. imports of LNG have slid over the past nine months to a five-year low, and natural-gas inventories are running relatively low. Deutsche Bank commodities chief David Silbert says that if the U.S. is unable to attract LNG supply this summer, prices could spike up sharply within a few months if a hot summer were to reduce the ability to build a cushion of gas going into next winter.
As the odds increase that the U.S. will pass climate-change regulations that raise financial penalties for burning coal, cleaner-burning natural gas is gaining favor as the fuel to power electric plants.
Overall, gas demand from the U.S. power sector grew by 10% last year, according to the Energy Information Administration. By 2025, the U.S. could see domestic production lag demand by 15 billion to 20 billion cubic feet a day, Linda Cook, executive director of gas and power for Royal Dutch Shell PLC, told a recent energy conference.
The increased global trade in natural gas was driven partly by huge investments since 2003 in facilities to liquefy gas for export -- chilling it to negative-260 degrees Fahrenheit -- as big Western oil companies saw a business opportunity and ramped up spending on LNG infrastructure. This created economies of scale and further drove down the price of producing and shipping LNG long distances.
This triggered a revolution in gas markets. Previously, countries like Nigeria, which has ample natural gas, had no easy way to sell it due to a lack of pipelines to markets needing the fuel. Same was true for Qatar, also home to enormous gas reserves.
Early thinking assumed the globalized market would cause prices to fall because countries tight on supplies could more easily import. Former Federal Reserve Chairman Alan Greenspan, in 2003, predicted LNG would create a "price-pressure safety valve" to stabilize prices in the U.S.
Sellers With Clout
But the market is evolving differently. One key change involves the way LNG sales contracts are written. Until recently, buyers were in the driver's seat: They were able to strike long-term deals and lock in their costs for many years. A seller like Indonesia, for instance, might have agreed to ship LNG to Japan for 10 years at relatively rigid prices.
Today, however, sellers have the clout. They are demanding that contracts be loosened to let them divert their output to markets where prices are higher. (In return they generally agree to share the profits with the customer.)
Free-for-All
This free-for-all has let suppliers shop their product to the highest bidder, adding to price volatility.
One example: When an earthquake last summer forced a massive Japanese nuclear plant to close, utilities there ramped up natural-gas use. Prices soared in Japan, which in turn drove up prices in far-off European countries, including the United Kingdom.
This kind of situation can trigger domino effects world-wide. Late last year, the global scramble for scarce LNG worsened as a drought hit Spain, cutting its ability to use hydroelectric power. Spain normally leans on neighboring Algeria and Egypt for LNG imports -- but in February those countries were busy shipping to Japan where prices were twice as high as Spain.
Turning to Trinidad
Spain turned to Trinidad for imports. But that has meant less gas for the closer -- but lower-priced -- U.S. market, which in the past has taken most of Trinidad's output. Trinidad's shipments to the U.S. through the first two months of the year are down 31% from the year-earlier period, according to government data.
Not everyone agrees U.S. natural-gas prices are certain to rise. Domestic producers such as Chesapeake Energy Corp. have made significant strides tapping into new sources of natural gas, sending U.S. gas production up 7% in January from a year earlier, to 68 billion cubic feet a day.
Chesapeake Chief Executive Aubrey K. McClendon sees production continuing to grow, holding U.S. gas prices between $7 to $10 per million BTUs and avoiding the need to increase imports. And Michael Stoppard, a senior director of energy consultant CERA, predicts world LNG supply will grow by 30% in the next two years, making more chilled gas available for the U.S.
Nevertheless, more financial players are lining up against the bears, saying low prices won't last. They point out that, even as U.S. production increased in 2007, prices still rose 19%.
Meantime, as Asian buyers grab more LNG from the Atlantic basin, U.S. prices, though at 27-month highs, still look cheap. Energy hedge funds in Houston and New York have placed a flood of bullish bets on U.S. gas prices for delivery several years from now, say some of the traders and their Wall Street brokers.
One argument underpinning that bet: U.S. gas is far cheaper than it has historically been relative to crude oil. Until 2004, the price for a barrel of oil was roughly the same as the price of 6,000 cubic feet of gas, the equivalent amount of energy. Now oil is almost double the price of gas on that basis, Lehman Brothers analysts point out.
In a twist, the effort to build alternative-energy projects like solar arrays and wind farms also boosts construction of gas-fired plants. Because wind is unpredictable, it's often necessary to build back-up generators, and gas-fired plants have an advantage in that they can be started up relatively quickly, says Doug Kimmelman, senior partner with Energy Capital Partners, a private-equity firm focused on the power sector.
In addition, regulatory approval and construction times are shorter for gas plants than coal or nuclear. For reasons like these, new gas-fired power plants continue to be built or planned.
March 2008 Drill Bits out:
Investor Relations Vice President
Christiane Lopez has redesigned our website and newsletter to be unveiled soon. Our new server will
provide improved Internet communication between our management team and our shareholders.
I received an email tonight from Christine Lopez. Can't tell if she is referencing a new Drill Bits as I could not get it to open.
Drill Bits Newsletter
January and February 2008
For Immediate Release
Contact:
Christiane Lopez
Maverick Energy Group, Ltd
Maverick Reports 2nd Year of Net Profits in 2007
Maverick Revenues Climb as Drill Bit Turns
The Big Foot Field
Probably LS.
Par
Iran- No loss to slay here, just increasing revenues and profits. I'm sure someone somewhere will find fault though.
Par
Teo- nice find on Deep Rock. I'd surmise we see similar increase from Maverick's results.
Dow soars nearly 300 points as banks rally.
Stocks snapped a five-day losing streak oWednesday, with the Dow surging nearly 300 points on optimism that a government plan to rescue ailing bond insurers is taking shape and could prevent billions more in credit losses.
The market also drew support from growing confidence that aggressive interest-rate cuts by the Federal Reserve could help stabilize the economy and support the beleaguered banking sector.
Shares of insurers Ambac Financial Group Inc and MBIA Inc, which backstop many of the riskier bets banks and their customers have made in credit markets, surged 63 percent and nearly 36 percent, respectively.
News of a meeting between New York regulators, bond insurers and their customers lifted the market out of negative territory in late afternoon, pushing the Dow and S&P up more than 2 percent by the close. That marked a sharp turnaround from earlier in the day, when the Dow and the S&P were each down more than 2 percent.
"The speculation that mortgage insurers could potentially get a bailout helped the market stabilize. That was enough to get the market going. There was no real silver bullet news that came through," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.
The Dow Jones industrial average rose 298.98 points, or 2.50 percent, to settle at 12,270.17. The Standard & Poor's 500 Index was up 28.10 points, or 2.14 percent, at 1,338.60. The Nasdaq Composite Index was up 24.14 points, or 1.05 percent, at 2,316.41.
Trading was heavy, with volume on the New York Stock Exchange unofficially hitting the second highest on record, the Big Board said.
slayer- good call last night. Thanks for the warning. lol
Par
Joey- might have something to do with the mis-information given out over the phone. Perhaps Maverick got some complaints and asked TA to confirm everything in writing from now on.
Par
I received the following email from Tony Drake at Phoenix a day or so after Ms. Lopez sent me the link to Drill Bits. Maybe Tony finally working more closely with co.'s IR dept, but then again nothing. Anybody else experience this?
Par
" I sent you this just in case you have not taken the opportunity to sign up for these e-mail alerts sent out regularly by Maverick Energy. If you wish to receive these automatically from now on, please visit the “INVESTORS” page on Maverick’s website at http://www.maverickenergygroup.com/Investors.htm and fill in your information.
Regards,
Tony Drake "
Or maybe it's taken in the context of the overall contribution that persona makes to the board. It's all relative.
Posted by: loss_slayer
In reply to: None
Date:12/27/2007 8:54:04 PM
Post #of 5559
Trade and the rest....as you might know I have another investment and am not holding any shares of this company.I intend to commit to that investment and will need to pass on the MKGP stock. That is the case at this time and that being the case I will hardly be posting HERE if at all on the MKGP board.
I know you hate that.
But we must all take our own paths to riches and glory!
Or whatever we may find on the path.
Until then let us part as friends and fellow posters with the noble goal of success in our attempt to find treasure.If our paths cross...it is good..
Loss_Slayer
Trade-
Congrats as new moderator. Big shoes to fill, but definitely the right person for the job. Looking forward to assisting you on maintaining the high standards set by Brad for this board.
Best wishes for a successful year with Maverick to all shareholders of this equity.
Par
Trade- I agree with you that their focus is operations. My only observation is that this is the first time I have ever received an email from Christiane Lopez-Vice President of Investor Relations. Maybe others have but if not maybe someone over there has lit a fire under her butt. Hopefully she will continue to send these regular updates to investors who have signed up for them via their web site which I did last spring or so.
Par
I received their email Friday or Saturday from the lady in IR. Maybe they are getting their act together for investors.
Par
Anybody else unable to open link to "Pre-Goldrush' link?