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.
If he is going to sue everyone on the boards who thinks he is a liar, mentally unstable, and lacks ability as a lawyer; he is going to be a busy guy for a lonng time since that description includes hundreds of people.
You really are an objectionable little twit.
Post Unavailable
Additional Information
I am sure that this came as a major suprise to you - lol.
What offices are open on Sunday??
Security services are open 24/7 just like the casinos that are their clients.
I think it is the guys with the nets coming after Al
Apparently you are seeing the relationship between this and CMKX better than I can.
I don't drink beer so I will take your word for it.
I am also doubtful that the cans from $1000 worth of beer are worth $214. $1000 doesn't buy all that much beer.
One year ago Delta Air Lines closed at $12.74 a share. Today it closed at $12.75. Someone was obviously drinking that beer before doing research.
Also, all the posts begin to look like the same thing poster over and over after a while. Except, of course, when Al decides to issue an update on his contact with the Queen, etc.
It takes a lot of mature will power.....
Your posts don't deserve any more effort on my part than that.
Apparently all you can do is make stupid statements that you can't back up and be a part of the I deserve something for nothing crowd. You will receive what you deserve.
After reading your posts, I have to assume that English isn't your native language so I must make allowances.
You probably haven't noticed, but I am not on this board 24/7. I often go a week or more without posting here. But when I do drop in and see ignorant posts like yours I am inspired to comment on them. (BTW - "bleeded" isn't a word.)
The shareholders don't deserve to collect any money unless some is recovered from Urbie, Edwards, et al. Man up - take responsibility for your own actions.
It is difficult to make sense of your poor grammar but how does "outright" make it illegal?
And yes, for an action to be illegal, you have to have a statute making it illegal.
50,000 people did it. Should they all go to jail?
And what law makes it illegal to invest in a scam? Could you provide the title and section of the statute?
And they're willing to support anyone who promises it to them.
Which is why they lost their money. They don't deserve to get any of it back and they will not. There is no reward for stupidity.
Thye invested in a scam. It was never a mining stock and it was always a scam.
I love to see things going up.
You're probably right..........
That suit has already been dismissed by the court. You are SOL.
At this rate MVO is returning a dividend of over 20% based on the price we paid for it.
The dividend alone should return our entire investment in a little over 4 years and the total value of the shares will be pure profit.
Oshkosh Defense to Provide Additional M-ATV Protection Kits
Monday January 10, 2011, 3:43 pm EST
OSHKOSH, Wis.--(BUSINESS WIRE)-- Oshkosh Defense, a division of Oshkosh Corporation (NYSE:OSK - News), will deliver 800 protection kits for the MRAP All-Terrain Vehicle (M-ATV) following an order from the U.S. Army TACOM Life Cycle Management Command (LCMC).
“These protection kits are part of our ongoing work with the military to deliver exceptional M-ATV survivability against evolving threats on the modern battlefield,” said Charlie Szews, Oshkosh Corporation president and chief executive officer. “The rapid production and delivery of these kits is the result of a close collaboration with our customer and our shared commitment to the Warfighters. Oshkosh is dedicated to supporting those who serve with world-class protection and mobility solutions.”
The M-ATV is produced with factory-installed armor and also can accept add-on armor and protection kits. The vehicle’s modular design allows bolt-on armor to be installed or repaired in the field. Using the Oshkosh TAK-4® independent suspension system, the M-ATV can incorporate add-on protection kits while maintaining its full payload capacity of 4,000 pounds and a 70 percent off-road profile capability.
Oshkosh produces the M-ATV base, as well as tactical ambulance and Special Forces Vehicle (SFV) variants, for the U.S. military. The company has received awards to date for nearly 8,400 M-ATVs, as well as spare parts kits, upgrade kits and aftermarket support. Deliveries under this order are scheduled to be completed in summer 2011. The order has a ceiling price of $80 million.
MV Oil Trust makes $7.8M distribution
Austin Business Journal
Date: Monday, January 10, 2011, 8:42am CST
Related:Energy .
Austin-based energy partnership MV Oil Trust (NYSE: MVO) announced plans to distribute $7.76 million net income to shareholders.
The distribution covers profits the oil and natural gas trust made during the fourth quarter last year, ended Dec. 31, 2010. Unitholders of record on Jan. 18 will receive about 68 cents per unit payable Jan. 25.
The company netted about $9 million on $16 million gross proceeds. The amount includes about $1.3 million MV Partners LLC received in claims from a bankruptcy case SemCrude LP and Eaglwing LP filed in 2008. MV oil property operators Vess Oil Corp. and Murfin Drilling Co. Inc. were due money for oil sold to the bankrupt companies.
MV Partners LLC trust owns interests in oil and natural-gas properties in Kansas and Colorado. It distributed about $6.6 million in dividends the same time last year.
Yeah, but they probably don't know how to spell "know" either.
"The trust had proved reserves of 8,800 thousand barrels of oil equivalent at December 31, 2009, from which it produced about 780 thousand barrels of oil equivalent, giving it an estimated 11.3 years of remaining reserve life.
"However, according to the trust agreement, the trust will terminate on the later of June 30, 2026 or when 11.5 Mmboe (millions of barrels oil equivalent) have been produced.
"To date, less than 4 Mmboe have been produced over the five years since inception in 2006. At the current rate, the trust should have about 10 more years before it expires.
I think you are an optimist.... :)
ROK on a roll today.
(Sorry, couldn't resist)
What Does 2011 Have in Store for MV Oil Trust?
With a barrel of crude oil trading north of $90, I think it may be time to discuss a little known stock called MV Oil Trust (MVO). MV Oil Trust is a somewhat complicated stock that is largely owned and controlled by two companies named Murfin Drilling and Vess Oil.
The two companied joined forces in the late 1990's to form MV Oil Partners, which helps drill and produce hydrocarbons from Trust lands in both Kansas and Colorado. MV Partners and MV Oil Trust have an interest in lands located in the mature oil and gas fields of Trapp, Hansen, and Bemis Shutts. The majority of these fields are located in the El Dorado area of Southwest and Northeast Kansas.
As mentioned previously, oil is currently priced at about $91 a barel. In 2006, when MV Oil Trust filed their IPO, the trust was under hedge contracts till December, 31st 2010. The hedge contracts forced MVO to sell approximately 80% of their hydrocarbon production at $65 a barrel. Since oil is significantly above the hedge price of $65, it's worth asking what the value of MVO may be in 2011.
First let's look at the historical production of the trust from its inception in 2006. All charts I present were put together by myself using SEC filings and prices based on the market close on 12/31/2010.
The historical quarterly average for hydrocarbon production has been approximately 241,000 barrels of oil equivalents, which is predominately composed of crude oil.
Second, using the average historical hydrocarbon production rate and average cost of producing the hydrocarbons, we can produce some relatively reliable distribution projections at varying prices for a barrel of crude oil (see chart below). It should be noted that while the current crude spot price may be $91, MVO crude is generally sold off at a $7 discount to the spot price. This cost is incurred for transporting the oil from the well head to the purchaser. Please take this fact into consideration when reading the valuation (e.g., $92 spot price would essentially be $85 oil to the Trust).
Now that we have the distribution projections, let's take the analysis one step further and guess what an appropriate valuation would be for the trust based on these distribution rates.
Oil Trusts can be valued in several ways, one way to value them is based off of the present value of the remaining oil reserves. This valuation method is appropriate in some cases, particularly if a trust has a limited time frame before it's dissolved. However, according to the MVO prospectus the trust will be dissolved no earlier than 2026. With the trust's demise set so far off into the future, it seems more apropriate to bench mark MVO against several of its peers which are generally valued based on the distribution yield they produce. If we look at this Oil Trust Index I created using prices from December, 31st 2010, we can see that most trusts are valued at around a 7% yield, with a price to yield ratio of approximately 15.
So, if we apply the same yield valuation to MVO, what do we get?
The results of this analysis indicate that the trust may be under valued given the current price of crude oil, particularly given that most trusts trade at a 7% yield. I have highlighted in red the $85 a barrell oil line to show where crude oil is today after the $7 discount is applied from the spot price. Furthermore, I've bolded the cell where MVO could trade if investors value the potential annual distribution at 7%. The bold cell indicates that a likely value for MVO in 2011 could be $60 a unit if oil stays in its current price range. The yellow cells on this spreadsheet indicate where the trust is trading today (in the $40 range).
These numbers were put together using data from previous SEC filings, and assumptions were made about future production rates and the future price of crude oil. I encourage investors to do their own due diligence before deciding whether a stock is appropriate for their portfolio.
It would stay at $40 for about 9 seconds before someone made a bid at .0001
The only bad one we had this year was AIB and we knew it was a gamble when we got into it.
And we could have had a lot more shares of MVO under $20......
Ah well..........
Buffett has said that he doesn't win them all, all he has to do is win more than he loses.
ROK has been doing pretty good also.
Yes, and we get to calculate our yield based on what we paid for it not the current price...
We are getting well over 15% on our money.
Good question. Since he never had any evidence and has now lost the suit the only rational conclusion is that he is nuts.
Al is too Krazy to have an uncle.
Al has said a lot of things, none of which has turned out to be true.
I'm the one who is right and I have all the evidence on my side.
Why on earth would anyone go through ALL the trouble to pull certs and just leave.
Because they were stupid enough to pull them in the first place and waste even more of their money.
In the past year we have better than doubled out money in addition to receiving a monster dividend. I'm pretty happy with this one - lol.
I had dinner with the oil guy last night and I am prodding him for another suggestion.
Nice to see he figured this out a year after we did. If he had seen it a year ago, he could have made some serious money.
Of course we had a Texas oil guy point it out to us so we shouldn't really be taking the credit.