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Agree. Me too!
Not named so could Strata leases more suitable for aquisition?
CALGARY (Dow Jones)--The Alberta government named several major Canadian and international energy companies that have leases that may be affected by a new conservation plan unveiled Tuesday prohibiting oil sands development in some areas.
The list includes Imperial Oil Ltd. (IMO), which is majority owned by Exxon Mobil Corp. (XOM), Norway's Statoil Ltd. (STO), Canadian Natural Resources Ltd. (CNQ) and Cenovus Energy Inc. (CVE).
The Alberta government said it plans to set aside more than 7,700 square miles of land in the northeastern oil sands region for conservation that would preclude oil sands development on part of 10 leases held by energy companies.
The government said oil sands companies would be compensated for their costs in purchasing and developing the canceled leases.
Cenovus Energy confirmed Tuesday that part of its Borealis oil sands lease may be affected by the government's conservation plan, but not the part that is currently planned for development.
Cenovus has applied to develop a 35,000 barrel-a-day oil sands plant in the Borealis area, but spokeswoman Rhona DelFrari said the project doesn't appear to be affected by the government's conservation plan.
"We have a lot of land in northern Alberta, so it's looking like the section that may be impacted by this is not the area that we are planning to develop in the near future," DelFrari said. She said it's not yet clear how much of Cenovus's booked oil sands reserves would be affected by the government's decision. Because Cenovus hasn't surveyed the resource on all of its oil sands property, company reserves may not be affected at all.
A Statoil spokesman said the company is studying the plan and didn't have an immediate comment.
Representatives of Imperial Oil and Canadian Natural Resources weren't immediately available to comment.
Other companies that could be affected include fledging oil sands producers Athabasca Oil Sands Corp. (ATH.T), Alberta Oilsands Inc. (AOS.V), Southern Pacific Resource Corp. (STP.T), Perpetual Energy Inc. (PMT.T) and Sunshine Oilsands Ltd.
David Pryce, a vice president for the Canadian Association of Petroleum Producers, an industry group, said more compensation should be available for companies that would see their leases canceled.
"Companies have booked value for reserves that are there, and that has been reflected in their share prices," he said.
-By Edward Welsch, Dow Jones Newswires; 403-229-9095; edward.welsch@dowjones.com
Ivan has always done the swing up and down thing as it is always in development of the next thing. These "next things" are not always easy. The mine side was hammered for year then broke through IVN. Gov problems in Mongolia etc. Ivan has heavy to Light - Ecuador - Canadian Sands, and China (good idea having a partner there to avoid Mongolian replay).
It has great potential so there will always be money coming in and then those who lose patience.
Great potential, but don't mistake it for being a SLB or NOV.
I think they will break through at some point. I have been here and will be for awhile - but make it your spec play.
Chose when to get in and out- buy on dips sell a little on the rise,,, hope to get to possiiton fo 50-100% free shares.
Reminds me so much of QMIN and operator EC.
IMO - Another scam co.
A--First -came "dead coal mine from early 1990s. Closed because price too low to mine - now coal is at price worth bringing the mine back to life.
B - The promise of coal coming
C - Then - needed the work to bring it up to standards
D - Private investors fleeced enough to get some substandard equipment in and "pictures" of coal coming out.
E - More funds from private investors and an R/S to update equipemnts,"coal soon to come roaring out".
---then belt broke and needed new equipment. Ran for part of one year - low ash but high sulfur or high sulfur low ash etc.etc.
F - Now mine closed for I don't know how many months.
No activity from management or EC - Word is he is trying to sell to another coal operation and is leasing oil wells in area.
Something tells me he had lunch with AEB down at the Outback Steak House
People have been investing with him for years.
First -came "dead mine from early 1990s closed because price too low to mine - now coal is at price worth bringing it back to life.
Then - needed the work to bring it up to standards
then belt broke and needed new equipments and then ran for one year - low ash but high sulfur or high sulfur low ash etc.etc.
Amazing!!
I think the mine was closed before the wire incident.
When I ahve time I will go back into pedros posts and look for it.
Pedro knows how long ago mine closed. My memory could be off, but i think it has been 6 months +/-, maybe even last summer.
So I think you are out of luck on the numbers that could be reported, and the company is out of luck looking for a buyer.
EC looking to lease some wells in the area. My guess is that he is out of the coal biz and will use the shell of Kentucy Energy to pump whatever well leases he has signed on for. Promising production etc.etc. JMHO - I think the wells are probalby dry ones, as in this market any producers are not available for the likes of EC.
He will try and attract new shareholders with "bringing them up to standards" and "increasing production", etc.etc. with the same result as qmin qmnm etc.
A TOTAL OF $70 TRADED. Somebody might have made big mac? WOW- JMO.
<<HRRN is up 33% today. jmo...oh wait a minute, thats a fact! >>
Anyone see anything of Saturday's Benifit Eworlde event for Japanese Children?
I did not know one of Henning's parents was Japanese.
The Karma on this is going to be HUGE!!!
What?
What a range today. Is Adam saying - screw the share holders I am not going to prop it up anymore?
New lodge to w/ 1264 rooms to be built in northern Alberta to house oil field workers in sands area.
4:17PM Oil States announces new Oil Sands Lodge (OIS) 75.11 -0.65 : Oil States International (OIS) announced that its Board of Directors has approved the initial construction of the Henday Lodge, located adjacent to Wapasu Creek Lodge in the oil sands region of northern Alberta, Canada. The Company's Canadian subsidiary, PTI Group, will design, build, own and manage the new lodge, which will have an initial capacity of 1,264 rooms by the end of Q3 of 2011. Henday is located in close proximity to numerous oil sands projects, and PTI has already secured a 24-month contract for 1,000 rooms, providing for essentially full occupancy for the lodge's 1,100 rentable rooms. The capital expenditures required to build the facility are already included in Oil States' previously disclosed capital expenditures forecast of $535 mln for the full year 2011
What's the negative on this company?
I have no idea - just that www.corporationwiki.com shows a lot of companies with connections of idividuals.
Yeah - I found that too. Pretty recent. Wonder what it could be for. Most of us never even knew the guy existed.
I lucked out like you and made moeny.
Just looked up my 2008 shares and got them 9/23/2008 for .0009.
SOld during last summers pump from .063 on down.
With you on that - "Don't believe it unitl it happens."
For me - not going near either. In current envoirnment - too much easy money to be made with larger oil and oil service Co's.
NOV - MRO - SLb - RIG - MDR / JEC will rebuild Jpan energy, even smaller like Patterson. I look for more shells to enter the energy complex to lure in those who might believe thier get rich PRs. Smalltime operators will make more off of shareholders than pumping oil.
<<The PR say Caddo International Holding, that not BDGR, Don't believe it until it happen.GLTA>>
Thanks - awesome - he is a busy boy.
Glad I am out. Label me blue chip from now on. Too much happening there - check out GLNG for Japan.
SLB MDR all have a 25-60% year coming soon.
Ben - perfect - thanks.
So it appears all these small time pinkie oil "barron" with shells all read the same book " How to Steal with a Pinkie Shell Company For Dummies", then get together sit in a booth at, let's say - Outback Steakhouse just when they are stuck at or headed to .0001 and cook up when to sell, or announce a deal between each other.
Instead of buying a company with value like SLB - HAL - Rig MDR - Cat ,, "greedy pinkie hit it rich in two weeks" type investors are tricked in in with the false deals and PRs. ANd these guys do it over and over.
Wow can you email me that list for better viewing?
And here is a list of ALL his litigation, and this is Miami-Dade ONLY:
Ben - is caddo Lanza?
Didn't catch that---Thanks for fillin me in. I'm with you.
INO - it is not about market share - I don't think they ever see a profit - just operating expenses.
Not to you but the other guy who just wnats sales ---If you want to make some money stay away from someone elses pink story stock and buy solid assets in blue chips - check out real oil service stocks and liquid nat gas movers for Japan - wood and tractors/cranes for moving things.
IMO - Maybe after it hits .0001 and does an R/S 3,000-1 to "have price truely reflect the value of the company and in service to the shareholders.
So be careful!!!!!!!!!!!!
Don't know if this is the guy - but there is a RiChard Inza in Miramar Florida - Miami also :
- in Company Information Get the most comprehensive company information available. Free Trial. www.hoovers.com/
S Florida Real Estate Law - Real Estate Closings & Counsel. - Home Insurance Claims & Disputes.
Also on that is IR for Atlantic Energy AESO
http://www.atlanticenergy.net/
No believers left
Watch margins was in response to question by imperativity.
Gross revenue for this company is irrelevant. What is the profit margin in thier deals - on the product? What have they lowered thier pricing to, to get the business. IMO - operational costs and debt repayment will always outstrip income.
<<imperativity Share Thursday, March 31, 2011 1:01:21 PM
Re: beckpnd post# 43405 Post # of 43475
Thanks for reminding me about Inclusive Energy! I wonder if the financials will show any increased revenue from this alliance between powerhouses? Any guesses? >>
What is happening over there? Need to know to watch for it here.
<<Not extortion, not like what he is doing with OPHI. >>
Rules would be- he can disclose something about his own life - that he had been questioned.
Can not disclose what he said during questioning as that information is tied to the investigator.
When did you buy in?
<<I hope our $ was well spent, maybe those expenses will be in audit. >>
Watch the margins.
With what is going on in Japan and recent US energy policy changes why is this thing not climbing?
I will forward to a couple of people I know in town who may show up to help you.
Wow - Karma involved in de-frauding children's charity or using disaster in Japan for personal promotion or profit???
As the commecial goes---"PRICELESS"
Anybody contact company lately?
What email address? Get a response?
Well said! "To many questions, no follow up on previous pr's EVER! " - a RED Flag everytime.
<<No volume here for that, and clearly on pinks there are no mm's making a market on this turd. To many questions, no follow up on previous pr's EVER! And they are trying to do buisness in the middle east WOW lots of unrest and possible cival war there will kwwp most investors at bay. at least for a few years until order is restored. >>
Watching the last week - looks like nobody wants to sell for less than 7 and nobody wants to pay more than 7. Let's see if he has another Press Release fo activity by June like last year to "pump things up" - (said in Arnold the Swartzeneggggger voice)
A Company short on cash will sell into PRs and runs. Paint jobs to disguise.
No knowledge if they are doing that here, but they borrowed to make units and transport fees for Gulf pitch.
<<It's not bashing if its the truth. This stock barely trades even with the amazing pictures and developments from Ecuador. The market simply does not trust what MOP says anymore. Couple that with their vague PR's that would make even the Oracle at Delphi proud. Ugh.>>