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Very interesting... I made post #975 and had no links in the post, but I see the word "News" has become a link to N.Y. Times subscription page, but only every other time I close out and look at the message.
Jack #2 (Weaks)
So, question, since your link (in your post) titled “News” was a link to "New York Times" subscription page, do you work for the "New York Times”? If not, what was the article you were trying to link us to?
Thanks,
Jack W.
What am I seeing? First 10 min... after open volume at 214,000 seemed like a lot of buying and now someone just sold 60,000 share....
Here is a 3-week old article which someone may want to run by the company... I think it is worth reading.
LOM told: Name your clients
By Lilla Zuill
Bermuda-based investment firm LOM (Holdings) Limited has been cited by a Canadian regulator for not revealing the identities of clients in a case under investigation.
The British Columbia Securities Commission (BCSC) on May 20 filed a notice of hearing naming LOM, a number of subsidiaries and executives and directors as failing to release information requested by the BCSC for its investigation of transactions between June 2002 and July 2003 in a Canadian company listed on the TSX Venture Exchange.
The hearing has now been set for October 5 and 6.
In a separate Press statement, LOM said the matter related to San Telmo Energy Ltd. and claimed it cannot release the information as it would put it in breach of Bermuda law.
The company, separately, last year launched legal action against the Bermuda Monetary Authority (BMA) to try to stop new regulations forcing it to hand over details about private clients to overseas regulators. The company has said if laws were changed it would “kill business”.
LOM explained that the BCSC request related to more than 50 LOM customer accounts that transacted in San Telmo stock, including customers of LOM’s affiliates in Bermuda, Grand Cayman, and the Bahamas.
The company said there were no trades in this security during this period on behalf of LOM or its officers and that none of the customer accounts that transacted in the security are managed or administered by any of the LOM executive officers.
The Commission said the intent of the hearing was to give LOM (Holdings) Limited, LOM Securities (Bahamas) Limited, LOM Securities (Bermuda) Limited, LOM Securities (Cayman) Limited, and Lines Overseas Management Limited, Donald P. Lines, Brian N. Lines, Scott G. S. Lines, Malcolm Moseley David McNay and J. Scott Hill (collectively, the respondents) an opportunity to make their case and for the Commission to decide what action to take.
In the case, the BCSC alleges the LOM’s trades accounted for about 15.5 percent of the purchases and 35 percent of the sales of the shares of the Company (San Telmo) on the TSX Venture Exchange; engaged in 11 trades in which one of the LOM Accounts was the buyer and another one the seller; and were responsible for 20 percent of all of the ‘upticks’ (purchases that take place at a higher price than the last purchase) in the price of the shares of the Company.
The Commission claimed to have, on November 6, 2003, sent a request to the BMA requesting its help in getting from LOM the requested information on the customers who had invested in San Telmo.
This the BMA did, but LOM reportedly only handed over a transaction report for San Telmo documenting 5.6 million trades during the period but declined to give any details that would reveal the actual persons who conducted the purchase and sales of the shares.
The notice of hearing added that Lines Overseas Management Ltd. and LOM Securities (Bermuda) Ltd. have commenced a court action against the BMA in Bermuda to resist providing the requested information.
In its Press statement, LOM said: “LOM was concerned that providing client-specific information requested on behalf of foreign regulators could open LOM to potential liability. LOM therefore filed a motion in the Supreme Court of Bermuda asking the Court to review the legislation and make a determination of the meaning of the law. LOM on advice of counsel notified the BMA that it would be unable to provide information of the sort being considered in the hearing, pending the outcome of that hearing.”
Yesterday Munro Sutherland, the BMA’s superintendent of banking, trusts and investment said the Authority could not discuss particulars of the case between BCSC and LOM. However, Mr. Sutherland did say that present legislation was clear in providing the Authority the powers to ask Bermuda companies to hand over information to foreign regulators when necessary.
He said that a legal challenge by LOM had been mounted but that he understood Government to be planning amendments to legislation that would make it clear “beyond doubt” that the BMA had the authority and ability to request a company to pass on information to another regulator, when the request was legitimate.
Mr. Sutherland said the matter related to a section in the Bermuda Monetary Authority Act which gives the BMA compulsory powers to make entities with a licence provide them with information that can be passed on to foreign regulators. He said this was expected to come before the House during this Parliamentary session, or in the coming weeks, as it was seen as “critical” to protecting the Island’s reputation as an international business jurisdiction.
For its part, LOM said it had cooperated with the Commission through its Canadian legal counsel (Blake, Cassels & Graydon) but “that it had been placed ‘between a rock and hard place’ in that it cannot comply with the Commission’s requests without breaching local laws.
LOM has provided the Commission with affidavits from counsel in Bermuda, Cayman and Bahamas detailing the relevant laws”.
LOM said it had done its best to work with the Commission by agreeing to approach the relevant customers and seek their consent to release the requested information.
But it said that was turned down by the Commission who refused to waive the confidentiality requirement covering its investigation, despite the fact that this was the only legal manner in which LOM could provide the information being requested.
However, now that a notice of hearing has been announced, LOM understands, under recently enacted regulations, the investigation is then not considered confidential. LOM is therefore now in the process of contacting relevant customers in order to seek the necessary consents.
The notice of hearing laid out several penalties that could be brought against LOM including the possibility of administrative fines being laid, costs from the hearing charged to respondents and even the imposing of a cease trading order.
LOM said it was “unreasonable for the Commission to seek penalties when LOM is being asked to breach local laws, LOM has also noted that there are established, legal mechanisms through which the Commission can seek information via the regulators and the courts of the Cayman Islands, Bahamas and Bermuda. To date, they have made no effort whatsoever along these lines in Cayman or Bahamas,” it said.
LOM chairman Donald Lines told The Royal Gazette in January it had taken legal action against the BMA as changes to laws would have wide-ranging effects on Bermuda’s wealth management industry and it could be badly affected if the BMA is allowed to get its hands on details about private clients and then pass them on to foreign regulators.
“It is a total violation of the privacy of private clients,” he said. “There is no sign that these people are doing anything wrong.”
And Mr. Lines predicted that Bermuda’s profitable trust industry will up and leave if lawmakers go ahead with proposed wide-ranging new legislation that will allow the BMA to demand similar information about trusts.
“This is a matter of principle,” said Mr. Lines about the writ, which was filed on December 30, by LOM, which is a financial institution, and its subsidiary Lines Asset Management. “And it affects all business in Bermuda – not just LOM.”
Catman...
The Bible says "ALL" (that includes you and me baby...)men are born liars... I do agree all capital letters are hard on the brain, but most of the post in this group are short on words so it is no big deal... Time to go and fix all my plumbing issues. No matter what you pay for fixtures they have issues at about the 9 year mark... HOPE is that when I look in at the end of the day I find a suprise in our favor....
So bossmen help me out. What are the implications for us who hold STUOF stock? Simple, but once I get it I "get it".
Thanks, J.W.
Wow! Seems like there is enough Christians (or believers in God) on this board that prayer ought to make this thing (STUOF) move up, huh?
Catman...
Wow! Did that last post produce the purchase of 14,600 shares in the next few minutes after my posting… POWER, of the printed word… (kidding)
Catman...
I "THINK" the “WHEN” is within a few (3or4) weeks. The "WHY" is the charts tell me it is time. Charts are read by no two the same, seems to be what makes for a market that goes both ways. Just my thoughts and wanted to put them out there so I could gloat (privately) if I happened to prove myself right. I seldom purchase stocks (more into day trading the S&P mini) but purchased this one based on a newsletter promotion by a fellow named R.E. McMaster's whom I had met 30 years ago. He seems to have had some success over the years, at least with his newsletter ("The Reaper" http://thereaper.com/). He sold me on the management team, time will tell all…
A close above .72 and we will see it work up to .95
This may be far out there, but... could it be it is just part of a strategy to move the price lower over a few days time that one might keep adding to his long position on the way down for the long run... always the optimist and hopeful one...
Thought all might enjoy some entertainment...
STUOF
Composite Indicator
Trend Spotter (TM) Sell
Short Term Indicators
7 Day Average Directional Indicator Sell
10 - 8 Day Moving Average Hilo Channel Sell
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Sell
Short Term Indicators Average: 100% - Sell
20-Day Average Volume - 149802
Medium Term Indicators
40 Day Commodity Channel Index Sell
50 Day Moving Average vs Price Sell
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 100% - Sell
50-Day Average Volume - 178063
Long Term Indicators
60 Day Commodity Channel Index Sell
100 Day Moving Average vs Price Sell
50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 100% - Sell
100-Day Average Volume - 213701
Overall Average: 100% - Sell
Price Support Pivot Point Resistance
0.65 0.61 0.66 0.71
Click on the indicator for a graphical interpretation of the result
or visit the Learning Center for more information on the studies
OK Catman, you win, you are correct, I am taking your advice. Since it is headed for .47 I would hope you take your own advice... I still made a double digit profit...
You asked:
Era solo curioso... chi hanno lasciato il gatto dal sacchetto?
I say:
Ancora sto sedendosi su quell'...
A respeito de STUOF na extremidade a verdade remanescerá Portuguese (Brazil)
FRENCH/GERMAN TO ENGLISH TRANSLATION SITE:
For those who would like to translate French/German to English try the following site for a fair (approximate) translation...
http://translate.google.com/translate_t
Amusing , huh?
I would... buy more STUOF (maybe) if I were not trying to buy 700 acers North of Spokane WA to get away from it all...
Thanks for including the question; it will be interesting to hear the response they give...
Resonse to piranhas2:
German’s, what a people. My best friend whose sister was my first girlfriend in high school were born in Germany and settled in Sacramento CA. One thing I have learned about the German’s as a people from my exposure is they can never be wrong… since this is more information than you might want let me get to a question you might consider adding to your list.
Do they have any comments concerning the German exchange controversy surrounding “Naked Shorting” which is receiving a lot of news along with some concern from those whom you communicate with (this egroup)?
Request...
How about posting the questions today (here on investors-hub), maybe someone may post a question you would want to add to your list. The collective mind sometimes proves to see something (in this case a question) greater than the individual, just a thought…
Just offering some reading on Naked Short Selling...
Shares of local companies take hit on German exchange
By THE JOURNAL NEWS
(Original publication: June 5, 2004)
Two companies in the northern suburbs are among an estimated several hundred U.S. companies whose stock was traded on the Berlin Stock Exchange without their knowledge, in what is said to be an effort to circumvent U.S. regulations on a form of short selling.
One of those companies is New City-based PowerChannel Inc., a consumer electronics marketing company that sells electronic appliances and services to consumers. The other is Wellstone Filters Inc., which is based in Tarrytown and has developed and patented a cigarette filter that it says effectively removes carcinogens.
The stock of both corporations trades on the over-the-counter market, where trades are done by telephone and computers as opposed to on a physical trading floor.
Short selling occurs when individuals borrow securities — perhaps from their brokers — sell the shares and then hope their price will go down so they can make money by buying them back later for less.
When such trades occur, the United States has stringent regulations that a brokerage firm, for example, must have the stock in its inventory, said Matthew Clawson, the executive vice president with Allen & Caron Inc. in Irvine, Calif., an investor relations firm specializing in small and midcap companies. But Clawson said there is no such requirement in Germany.
So such trades on the German exchange are known as "naked short-selling," he said. "They're using it as a means to short the stock that they could not do over here."
Clawson also said companies do not have to request its stock be listed on a German exchange. Rather, you just need a German broker to sponsor it.
Clawson said his firm noticed the naked short-selling of U.S. firms a few months ago and since that time it has become very frequent.
"It's something that has caught on," he said. "They're circumventing tougher U.S. laws on naked short-selling. ... Smallcap stocks are more susceptible to this because of their relative illiquidity and volatility."
Thomas Holloman, an NASD spokesman, said the U.S. Securities and Exchange Commission regulates the companies which issue stock through the over-the-counter market, Nasdaq operates the quote service and NASD regulates the people making the sales.
"NASD is aware of the stories in the press about the Berlin Stock Exchange, and we are looking into it," Holloman said yesterday. "We have no further comment until our observations are complete."
Steve Lampert, chairman and chief executive of PowerChannel, said at his request his company's stock was delisted from the Berlin exchange this week but it went down about 25 percent because of naked short-selling.
Wellstone Filters said in a prepared statement this week that it had requested its stock be delisted but it could not be immediately learned how much Wellstone Filters shares were affected. The company did not return a phone call seeking comment.
MCI, the company formerly known as WorldCom Inc., handed out pink slips to 25 workers in Rye Brook yesterday. Brittany Hoff, a company spokesperson in Ashburn, Va., said the cuts were part of the plan MCI announced May 10 to eliminate 7,500 jobs across the nation. The company lost $388 million during the first quarter of this year. The company had about 350 employees in Rye Brook at the time of the announcement. The employee count was as high as 900 in the mid-1990s before WorldCom's accounting scandal and bankruptcy filing in 2002. Full-time employees laid off yesterday will receive a minimum of six weeks severance, depending on how long they worked for the company, Hoff said.
Bart Catalane of Stony Point has been promoted to president of Ziff Davis Media Inc., the special interest media company announced this week. Catalane will retain the title of chief operating officer. Ziff Davis publishes PC Magazine and eWEEK among others.
Berlin exchange rejects Canadian, U.S. firms' charges of illegal share sales
Last updated by The Canadian Press (CP) at 18:41 on June 3, 2004, EST.
By DAVID RISING
BERLIN (AP) - Despite complaints from several Canadian and U.S. companies that their stock is being improperly traded, a German stock exchange said Thursday an investigation has revealed no evidence of impropriety.
The companies say their shares are being sold on the Bremen-Berlin exchange without their authorization, and in some cases are being sold short in an attempt to drive prices down. Most of the firms are listed in the United States on what's known as the over-the-counter market, which caters to smaller businesses.
To short-sell a stock, the seller borrows shares from a broker to put on the market, betting that the price will fall so the shares can be then bought back at a lower price.
Some maintain the tiny Berlin exchange is used to bypass tougher rules against short selling enacted by the National Association of Securities Dealers this year. The Securities and Exchange Commission is also considering tougher requirements for short sellers.
The Berlin exchange said its rules are tough - dealers have to be able to produce the actual shares within two days to settle a trade - and there was no substance to the complaints.
"On request of the SEC, we examined the prices made on our exchange for some companies," spokeswoman Eva Klose said in an e-mailed response to questions. "We came to the conclusion that none of these cases involved short selling.
"The Berlin Stock Exchange is in contact with the SEC via its regulator and checks all accusations."
Both the SEC and National Association of Securities Dealers declined to comment Thursday.
But U.S. regulators were expected to meet Friday in Berlin with officials from the Berlin exchange to discuss the issue, according to a source familiar with the matter, who spoke on condition of anonymity.
At least half a dozen U.S. and Canadian companies issued statements Thursday saying they had been listed on the Berlin-Bremen exchange without their knowledge or authorization and were seeking to be removed.
Klose said the companies are not listed on the exchange, but that shares are traded through a "specialist" firm that is required to check the prices on the exchange of the primary listing. Some 10,000 foreign stocks are traded on the exchange this way, she said.
"It's not against the rules, it's a normal process to trade international shares on German stock exchanges," Klose said.
Most of the Canadia and U.S. companies' shares are being traded through a Berlin-based brokerage, Berliner Freiverkehr. The brokerage's chief executive, Holger Timm, told Dow Jones Newswires it was all above-board.
"It's impossible to sell short here," he said. "All we do is bring the two markets together."
But the North American companies contend the exchange is being used to manipulate stock prices.
KleenAir Systems Inc. of Irvine, Calif., said Thursday that its share price has dropped more than 50 per cent in the last two to three weeks and the company believes the reason for the decline is the listing on the Berlin-Bremen exchange.
Fremont, Calif.-based Titan General Holdings Inc. said it believes the trading of its shares in Germany directly led to a drop in their price.
"During recent weeks the company's share price has traded significantly lower despite improved financial news," said CEO Ken Shirley. "Management believes that the downward trending of its share price in the market is related to the unauthorized listing on the Berlin-Bermen Stock Exchange."
German federal regulators refused to comment.
The Berlin exchange is one of seven in Germany, including the main stock market operated by Deutsche Boerse in Frankfurt. Regional exchanges such as Berlin handle only a tiny fraction of trades.
Closed @ .82
Current bid @ .82
Current ask @ .84
slower than sugar...
...I would think that the first tick will be up :)
Breaking News
Dear James Wall;
San Telmo Energy (OTCBB: STUOF) has announced the commencement of oil and gas production at Gordondale as well as an increase in production at McLeod. A copy of the full press release is attached for your review.
For a further update, contact us at 877-772-9286, or via email at STU@PrimorisGroup.com.
On behalf of San Telmo Energy, Inc.,
Nick Boutsalis
Vice President
Primoris Group
PS. To unsubscribe from future news releases from Primoris Group and its clients please see instructions at bottom of email.
Press Release
Tuesday, June 1, 2004, 8:00am ET
Press Release
SOURCE: San Telmo Energy, Inc.
SAN TELMO ENERGY COMMENCES OIL AND GAS PRODUCTION
AT GORDONDALE; INCREASES PRODUCTION AT MCLEOD
VANCOUVER, B.C., June 1, 2004 – San Telmo Energy Ltd. (OTCBB: STUOF; TSX-V: STU) is pleased to announce that, following completion of construction on its gas pipeline and oil facility, the 14-22 well at Gordondale commenced production on May 6, 2004 at an initial flow rate of 320 barrels of oil per day (bbls/d) (42 api) and 550,000 cubic feet of gas per day. As of May 26, 2004, Gordondale is flowing at 232 bbls/d and 1.03 million cubic feet of gas per day (mmcfd), total production since startup has been 4,000 barrels of oil and 13.2 million cubic feet of gas. The current flow rate equates to 403 barrels of oil equivalent per day (boe/d) at a 6:1 conversion. San Telmo has a 73.6% WI in the Gordondale project.
In order to ensure optimum recovery at Gordondale, San Telmo has submitted a Good Production Practices (GPP) application to the Alberta Energy Utilities Board. If the application is approved, San Telmo will continue to produce the Gordondale well at current levels.
McLeod: Production Increases
Production at San Telmo’s 6-18 well at McLeod has been increased to 900 mcfd plus 40 bbls/d of condensate. As of May 26, 2004, total production since the well was brought online has been 27.7 million cubic feet of gas and 670 barrels of condensate. Production at McLeod remains restricted due to limited compression in the area. Discussions are ongoing with the third party operator and San Telmo believes this issue will be resolved in the near future. Future production levels are expected to increase to approximately 2 mmcfd. San Telmo has a 70% WI in the McLeod project.
ABOUT SAN TELMO ENERGY LTD.
San Telmo Energy Ltd. is an emerging oil and gas company with an experienced management team. Operated through its wholly owned subsidiary San Telmo Energy Inc. of Calgary, Alberta, San Telmo Energy Ltd. is focused on acquiring, developing and producing proven developed and underdeveloped reserves which offer long term value for the company.
FORWARD-LOOKING STATEMENT
This release may contain forward-looking statements, within the meaning of the "safe-harbour" provision of the Private Securities Litigation Reform Act of 1995, regarding San Telmo Energy's business or financial condition. Actual results could differ materially from those described in this news release as a result of numerous factors, some of which are outside of the control of the company.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Media Contact: Investor Relations Contact:
Christine Payne
Phone: 877-772-9286
Email:media@PrimorisGroup.com Nick Boutsalis
Phone: 877-772-9286
Email: STU@PrimorisGroup.com
If you wish to unsubscribe from this list, send an email to leave-pg-stuof-12818624I@lists.sparklist.com and hit send.
jwallswall@comcast.net
Primoris Group, Inc.
PO Box 240
1555 Sherman Ave
Evanston IL 60201-4421
piranhas2...
You are one of three things, short seller from Germany, work for the company store, or a forever optimist! Most of your posts reflect this...
what do you think catman?
(Piranhas2) You asked in private email if I was still in STUOF, yes… Since I use live quotes with TradeStation for my day trading the S&P I do not have the premium service on Investors-Hub, meaning I could not answer your direct email…
OK… its time for a move up if there is going to be one! I am almost wore out, which means so is everyone else (right)… hoping Mr. Catman is wrong…
San Telmo Energy Announces Private Placement And Granting Of Stock Options
Monday, May 17, 2004
VANCOUVER, B.C., MAY 17, 2004 - San Telmo Energy Ltd. (OTCBB: STUOF; TSX-V: STU) announces a non-brokered private placement for proceeds of CDN $2,800,000. The placement is for 4,000,000 units at a price of $0.70 per unit. Each private placement unit will consist of one common share and one common share purchase warrant. The warrants will be exercisable at a price of $0.82 for a period of two years. 700,000 of the private placement units will consist of one flow-through share and one common share purchase warrant.
The private placement is subject to approval by the TSX Venture Exchange.
The proceeds of this placement will be used to tie-in production at San Telmo's recently announced gas discovery at Teepee Creek, Alberta and to drill an additional exploration well at Teepee Creek and for general corporate purposes.
Granting of Options
San Telmo has granted 1,900,000 director and employee options exercisable at a price of $0.82 for five years. These options will vest over time in accordance with the company's stock option plan, which has been approved by the shareholders. In addition, the Company wishes to amend 1,100,000 director and employee options granted October 31, 2003 from an exercise price of $1.95 to $0.82.
The granting of stock options is subject to approval of the TSX Venture Exchange.
ABOUT SAN TELMO ENERGY LTD.
San Telmo Energy Ltd. is an emerging oil and gas company with an experienced management team. Operated through its wholly owned subsidiary San Telmo Energy Inc. of Calgary, Alberta, San Telmo Energy Ltd. is focused on acquiring, developing and producing proven developed and underdeveloped reserves which offer long term value for the company.
FOR FURTHER INFORMATION
Corporate Communications
(877) 772-9286
info@santelmoenergy.com, or the company website at www.santelmoenergy.com
FORWARD-LOOKING STATEMENT
This release may contain forward-looking statements, within the meaning of the "safe-harbour" provision of the Private Securities Litigation Reform Act of 1995, regarding San Telmo Energy's business or financial condition. Actual results could differ materially from those described in this news release as a result of numerous factors, some of which are outside of the control of the company.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
SAN TELMO ENERGY APPOINTS INTERIM CHIEF
FINANCIAL OFFICER
VANCOUVER, B.C., May 3, 2004 – San Telmo Energy Ltd. (OTCBB: STUOF; TSX-V: STU) announced today that Bill Schmidt has been appointed Chief Financial Officer on an interim basis. The appointment of Mr. Schmidt, who also serves as a Director of San Telmo Energy, is effective immediately.
Chris Dyakowski has stepped down as Chief Financial Officer for San Telmo and the company thanks him for his dedicated service in this role. Mr. Dyakowski remains a valued and active member of the company’s Board of Directors.
First trade 07:18:51 AM...
Very slow trading (vol. 2,300 at 7:38 AM),everyone is waiting for "SOMETHING"
STUOF Not Trading... all I could find was the following: The share price for STUOF gapped lower at the open by more than 25% from its previous close.
Corporate Snapshot
SAN TELMO ENERGY CORP
Other Dcipher reports: Analyst Rank
STUOF last opened for trading at 0.000. The stock shows an intraday high of 0.000 and a low of 0.000 -a trading range of 0%. The last trade was at 0.890 volume showing 0 shares exchanging hands.
"Gaps" occur on charts when the highest price at which a stock trades during one reference period is lower than the lowest price from the preceding period. A price gap is significant to investors in that this can signal the beginning of a new leg in the broader trend or a change in overall direction. The share price for STUOF gapped lower at the open by more than 25% from its previous close.
This negative opening gap is technical indication that supply outweighed available demand. Sellers of the stock had to "ask" notably lower prices to reach the next point at which buyers were willing to take shares of STUOF. Consult recent company news to see what may have sparked this heightened selling pressure.
Now I know there is room for Prozac! …even though it may cut into ones sexual activity, it does do a good job of reducing panic attacks and such (from what hear).…. Time will tell as to STUOF.
Who knows maybe Catman will prove to be correct about the price (though I think as well as hope not), but his unreasoned attacks are at best a sad testimony to greater issues; most likely many bad choices as to his investments, to much venom an for a onetime losing pick…
Pitbull... you had better hope STUOF dosen't fall 10% come Monday or we will hear big time from....
You say you are not as old as Catman... How old is catman? From his post I would have figured I had 30 years on him... just being light hearted....
If you are going to let someone talk you into selling something you believe enough to buy, maybe, just maybe you shouldn't have purchased to start with... I am sold on the management long term. Not negating that is painful to watch the down moves…
For one who always swims against the tide these sell signals (100%) sure are tempting…
STUOF - SAN TELMO ENERGY (OTCBB)
Date Open High Low Last Change Volume % Change
03/23/04 0.8100 0.8600 0.8100 0.8500 +0.0150 107506 +1.80%
Composite Indicator
Trend Spotter (TM) Sell
Short Term Indicators
7 Day Average Directional Indicator Sell
10 - 8 Day Moving Average Hilo Channel Sell
20 Day Moving Average vs Price Sell
20 - 50 Day MACD Oscillator Sell
20 Day Bollinger Bands Sell
Short Term Indicators Average: 100% - Sell
20-Day Average Volume - 264955
Medium Term Indicators
40 Day Commodity Channel Index Sell
50 Day Moving Average vs Price Sell
20 - 100 Day MACD Oscillator Sell
50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 100% - Sell
50-Day Average Volume - 482320
Long Term Indicators
60 Day Commodity Channel Index Sell
100 Day Moving Average vs Price Sell
50 - 100 Day MACD Oscillator Sell
Long Term Indicators Average: 100% - Sell
100-Day Average Volume - 472520
Overall Average: 100% - Sell
Price Support Pivot Point Resistance
0.83 0.77 0.85 0.93
Question Asked:
San Telmo will report on flow rates at Gordondale and McLeod following a period of stabilized production. What is the normal timetable for the stabilization period?
Answer Recieved:
There really is no set period of time for a stabilization period. The period reported is at the discretion of individual companies and it can also be different for each well. That said, in many cases production is reported as an average in mmcfd over a period of 30 days. The 30 day period is often selected because that is the payment cycle from the gas marketer.
On behalf of San Telmo Energy,
...It is likely that pipeline and facilities construction will take between three and four weeks. That said, the weather could cause unavoidable delays if temperatures rise and spring breakup occurs earlier than expected. Spring breakup occurs every year in Canada, generally during April or May, when the frost comes out of the ground. During spring breakup there is a normal and unavoidable decline in work on oil and gas sites because they become extremely difficult to work on. Furthermore, the breakup weakens the roads, which results in weight restrictions and a ban on moving heavy machinery.
San Telmo will report on flow rates at Gordondale and McLeod following a period of stabilized production.
Please do not hesiate to contact our office if we can be of further assistance.
On behalf of San Telmo Energy,
Christine Payne
Media Relations Director
Primoris Group
(877) 772-9286
cpayne@primorisgroup.com
Catman…
Don’t take what I say to personal, but I do have a question. Has your ranting and raving about how you hate the lying heads of the corporations helped you make a profit trading their stock? Just wondered and that with a smile as I ask you, just thinking maybe there is a secret here that I don’t know about…
The ranting and raving reminds me of a good friend who (rightfully so) had a lot of beefs with the IRS. He took them on; need I say more? He lost his business and much more before it was over. He was so into the principle that he decided to take them on, sort of like me getting into the ring with Cassius Clay/Muhammad Ali at his prime (it would have been a losing battle for me to say the least…)
This post is done in lightness of heart with a smile…
I purchased a lot of STUOF at .64 and am still holding it with great expectations, but if the “GAME” goes against me I am not the victim of anything other than making a wrong decision most likely do to my greedy nature…
Have a great day, really!