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I'm not, I'm still in accumulation mode, but it won't hurt my feelings if she begins to run. :)
Volume seems to be picking up in a strange way. Like she's a fixing to run. :)
Agreed. We as a country are in dire need of our own energy policy and my bet is that many companies such as EDEX are a part of an overall plan to get there. Now, about that trip to Mexico....
You need to extend your analysis a little further out. What is the annual cost of having our military on guard making sure that oil flows where it is needed? It puts a whole new meaning on Price Per Barrel.
To Mexico...? :)
"On April 17th I had contact with Geosurveys. Tom is the front man for the PIP process."
Badge, will concur with wishes. With what few strands I was coming across, I was arriving at this same conclusion. Then EDEX will be the vehicle that funnels the dollar flow once the oil and NG. flow seriously begins.
Thanks Badge. These guys play it extremely close to the vest. I wouldn't have any other way. The more I dig, the more I think EDEX could be a "Micro-Chevron".:) You and all the other posters on this board have a safe and fun 4th.
Low, print this one out and start digging. I think I know who owns GeoSurveys. If I'm correct Oh! My.
http://octane.nmt.edu/marketplace/blm/results/04_20_2005_result.pdf
This article is a bit dated but yet provides some "nuggets". Imagine how busy they are now. I have a name, now all I have to do is make some calls back home later on this evening. A good day to buy.
http://www.bizjournals.com/albuquerque/stories/2003/04/07/story8.html?page=1
"We don't even try to sell anything right now because we have so much work," says Angel Salazar, vice president of United Drilling in Roswell. "It's the best I've seen since the late 1970s and early 1980s."
Salazar currently has all seven of his rigs running, employing 75 people, which he says is a 40 to 50 percent increase in activity from six months ago. Eighteen months ago, United was down to three rigs and 25 employees.
He attributes the increase primarily to high and stable oil and gas prices.
We're all going to be gazillionaires. View the slide show and pay particular attention where this presentation is taking place. Next, focus in on the solution concerning the "rust belt". Do you not think that EDEX and pretty much every player in this sector will not become part of a much larger National Policy strategy that will focus every American to do their patriotic part such as investing in this sector? Think about it because its coming.
http://www.321energy.com/editorials/simmons/simmons063006.html#
I still can't explain this one. Look at it's price just three years ago.
http://finance.yahoo.com/q/bc?s=LITS.OB&t=5y&l=on&z=m&q=l&c=
Of the rigs I've seen, the locations are lit up like Christmas trees at night. They pretty much work continuously.
Great story and keep'm coming.
low, certainly not speaking as someone who might have a clue but from watching a well financed operation set-up, drill and cap some Ng wells in my neck of the woods, seven to ten days is not at all that unusual for completing the entire process. These boys in this sector get on with it. It all has to do with planning and approach. In some instances they will lay gravel on dirt roads leading up to the well so as to not let rain slow them down.
Also Shakes, study the chart of SOIGF and witness the continued strength that this price still reflects in spite of some recent down days in most other markets. I'm thinking we have our very own SOIGF in EDEX. A buy and holder with a large share base riding the initial stages of a supercyclic trend will always out perform a momo player by orders of magnitude. The key here is identifying that trend.
Thanks Die.
Keep buying.
http://www.urbansurvival.com/week.htm
Serious Oil Spill
While our "shortage tracker" has been stuck in neutral land (we expect the big move up to come in late July to August now, based on what the bots are telling us) there's this really interesting report (not getting much media attention) from one of our sources in the oil industry:
"Got this in from one of the larger offshore fuel suppliers for boats and rigs. It affects not only the offshore O&G industry, but fishing and shrimping as well….
---
'As a result of the recent CITGO refinery spill in Lake Charles LA, our ability to re-supply, as well as other competitors in our industry are being severely hampered. Two of the industry’s few remaining major producers of high sulfur diesel have been shut down. In addition, as some of you are aware of, the intracoastal waterway is closed, preventing movement of our supply barges to other points of where products might be available to lift. We are hoping the situation clears up in the near future, yet until then it is realistic to expect fuel outages. If you have situations that are operational critical and or where safety is jeopardized due to possible fuel shortages, please be advised of the situation and prepare accordingly.
In the interim we may have to resort to re-supply with low sulfur diesel by truck and by barge if possible, yet please be advised that the pricing for the low sulfur products are running approximately 20 cents per gallon or higher.
For the latest news surrounding the CITGO Refinery incident go to the coast guard link below:
http://www.d8publicaffairs.com/go/doctype/425/13172/ "
The Coast guard reports a million and a half gallons or so is involved. Little national attention to this one - yet. Watch closely as those higher fuel prices to GOM rigs perc through the system.
Oil Firms
We see the price of oil back into the $72 neighborhood.
dij, you got me:) Good luck.
Anyone venture a guess as to when .18 will fall?
Very smooth price action today. Slow and steady. Anyone have a link to the webcast? TIA.
Low, you're on to it:) Stick with the "scarce resource sector" and ride it because I can assure you the Puppet Masters are on this side of the trade. Thanks for your continued extremely informative contributions.
"We're all puppets on a global stage. :("
Low, the oil companies don't rule, they respond. No Sir, there are other magicians in this show that rule. People are beginning to take notice, they just need to dig deeper to truly understand the causative agents. Looking forward to this week.
"There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose."
Lord John Maynard Keynes (1883-1946), renowned British economist.
http://www.financialsense.com/editorials/hodges/2006/0106.html
low great post and look forward to tomorrow, and by the way, CNBC is the greatest pump machine on earth doing Wall Street's bidding.
OT: For anyone interested, I'm tracking SOIGF to see it play out. Good luck all longs.
Good morning low. I agree, if you get kocked down then get back up, hopefully, a little smarter for the next round. Let's see what this week has to offer for EDEX.
The Central Banks created these fims and now the CB's are out to destroy them. As this drama continues to play out, most middle class "investors" will be caught in the middle and financially ruined. Interest rates will be the weapon that the CB's will use against them. Stick with necessities(commodities) and we will do better then most. Good luck.
Top, a very difficult prediction. With any real volume 2 million+, this one could get to .25 with no problem. Personally, I need much more shares, so I'm hoping the price stays below .17 for the week but if it doesn't, I'll be chasing and averaging up.
OT: low baby, what a hell of a dream. That would be the ultimate in hunting and fishing and yes, I love to do both. I'm out here in East Texas on Texas' third largest lake. A hidden secret until recently, now serious money is starting to invest, thank you Randy White (former Dallas Cowboy great). Any of you well healed investors looking to diversify where land prices are still dirt cheap compared to the East and West coasts, Nevada, Florida, etc...shoot me an email at modern_druid@hotmail.com and I can povide some specifics. There's some great hunting and fishing out here fellas.
Westeffer, you da man, if you, along with a few other sharpies on this board are invested in EDEX, then I think we have a HUGE long term winner here longs. God luck all.
Could this be a portend to a future price? Look at it's 52 week low.
http://bigcharts.marketwatch.com/quickchart/quickchart.asp?symb=soigf&sid=0&o_symb=soigf&...
So far this has been very good support and an excellent opportunity, for those of us not fortunate to get in earlier to, add to our position.
low, keep'm coming. Today was excellent price and volume wise.
NGAS @ .70
SSRI @ .53
HCLA @ .13
I could go on but might start crying.
A pretty good read concerning the future of oil & Ng. exploration in New Mexico.
Crossroads—Economic Trends in the Desert Southwest
Issue 1, 2005
Federal Reserve Bank of Dallas
El Paso Branch
Unconventional Natural Gas Drives New Mexico Rig Count
http://www.dallasfed.org/research/crossroads/2005/cross0501a.html
It's been my experience that very few, if any, bean counters(most business students 99.9999%) know anything about purchasing power versus effective yields on earnings. The same set don't know the difference between CURRRENCY and MONEY. A lot of my understanding comes from people with cross disciplines who understand the difference between the REAL world and the metaphysical world. Your wife plays in the metaphysical world trying to account for something she can't VALUE and DEFINE. Good luck and BUY more.
Good morning low. Enjoy the read, it's old but informative nonetheless. Roosevelt County is approx. 70 miles East from where I grew up. Thanks for your DD concerning this play. I'll see what I can find out.
Oil money rules in the West’s mini-Middle East
http://www.hcn.org/servlets/hcn.Article?article_id=14820
Check out the Overview section concerning the 4.5 Trillion Cubic Feet. I've reduced some of my FPPL position and have moved it here. I will be buying more in the morning.
http://www.eldoradoexploration.com/prospects.htm
low, thanks.
Morning longs. Check this article out. It's written by a former London banker who you might consider an "insider". Now, going back to a few of my previous posts concerning the immense battle between the CB's (Central Bankers) of the world and the enormous hedge funds these genius' helped create, it appears that the CB's are out to destroy some of these bad boys. Well, well, now, in what market or, better yet, where do you think the hedgies will focus their fire power if the CB's don't let up on kicking the s.... out of them in the form of higher rates? What market exposes the CB's hand? Longs, we're in that sector waiting the game out.
The Yen Carry Trade is DOOMED!
http://www.gold-eagle.com/editorials_05/silberman060806.html
Also, read the freebie on derivatives.
Gold and Oil Stocks
The excessive printing of US Dollars to cover massive debts is fueling the BIGGEST BOOM EVER in Gold and Oil stocks! This BOOM will ultimately dwarf the Internet Boom of the late '90s by several magnitude.
http://goldandoil.blogspot.com/
J, considering the meltdown taking place all around us, FPPL is holding out pretty well. Moar and company better be out shopping for drilling rigs.
To follow up with my post 1868. This is a little more recent. Yeah, there's a real education on the way.
Kohn: The Fed faces many challenges
Fed governor and vice chairman nominee Donald Kohn told a Senate committee that the Fed faces a challenge keeping inflation in control at a time of rapid change in the economy.
June 8, 2006: 10:23 AM EDT
WASHINGTON (Reuters) - Federal Reserve Board Governor Donald Kohn said on Thursday rapid economic change posed a big challenge to the Fed in its efforts to keep inflation under wraps and employment strong.
In testimony prepared for the Senate Banking Committee at a hearing on his nomination to be vice chairman at the U.S. central bank, Kohn did not delve into the outlook for the U.S. economy or interest-rate policy.
He said he was honored to have been tapped by President George W. Bush for a four-year term as the Fed's No. 2 and said he thought his "long and wide experience" at the central bank allowed him to make a valuable contribution.
"The Federal Reserve faces considerable challenges today in meeting the responsibilities you have given us," Kohn told the panel. He said the challenges extended to the Fed's efforts to foster price stability and maximum employment "at a time of rapid change in the U.S. and global economies."
He also said financial innovations posed a challenge to efforts to maintain sound banking and financial systems, as well as to protect and educate consumers