Noticed it

Just finished watching a replay of last nights game.Do we finally have the kid in goal who we thought we drafted?We have to do a little better with how badly we are getting out shot every night.I think Pittsburgh may be a little different story tonight.


Looks like someone stepped in an actually bought a few today.Have not seen that in a while.

Piggy,I have a video for you with all of your BS the past week or two.Feel free to share it with drevil as well.

Pig man ,



You need to relax.Been a lot of turmoil in the area we are rumoured to be trying to do business in.Verenex,nationalization of the oil fields,power struggle within the hierarchy of the NOC and government.

What would you like these "lazy executives" to say?Mr.Fletcher and Mr. Grayson are still with the company?If they are,no need to state that.If they left then there would be a need for a release.There is apparently nothing to say.I would rather have that than say the announcement of a PIPE to raise funds and dilute current shareholders.

I am as impatient as the next guy.Good or bad I would like to have this resolved.Do we have something or is it all smoke and mirrors?Who knows,but one thing I do know is that it has been a very hectic year there with not a lot of work done.How long are they going to wait for the release of round 4 bidders?Been over two years I think.

So time to pop a few beers and get ready for the hockey night in Canada pregame and then watch the Flames pound the Leafs.

Cat got every ones tongue?


After all of the BS that shows up on this board and no one wants to discuss anything about the turmoil that has occurred

What was going on here last night with all of the deleted posts?


I don't know if you know this or not but when Shokri Ghanem had resigned from the NOC, Libya had formed a supreme energy council.I believe this was widely viewed as a negative for doing business in Libya as they were trying to get control from the reformists into the hands of the more conservative members.But now with the return of Ghanem and the first official posting of Saif Al Islam(Gadaffis reformist son) it is seen that the reformists may be gaining control.I believe this would be a positive for foreign oil companies trying to do business in Libya.Hopefully we are one of them.

http://mywesttexas.com/articles/2009/11/05/business/oil/industry_briefs/libya_oil_chief.txt

I am not feeling very comfortable right now.We just went down almost 30% on 2.5x 30 day volume.Although it is not a lot of volume we all know selling begets selling.So where will the selling stop?You never know the reason someone is selling but there certainly are not any buyers stepping up to the plate.


There are some who may have made a lot of money this year.Could they be selling Axgc at a loss to offset gains?Selling now and over the next two weeks would allow the seller to buy back in before the end of the year without losing the tax loss.That is if the seller still believed in the company?Would be nice to get any sort of communication from the company.

Verenex Energy


For any of you who said this was an impediment to any deals coming out of Libya let it be no longer.

http://online.wsj.com/article/BT-CO-20091105-716035.html

Verenex Energy


I believe that deal with the NOC aand Verenex closes on the 20th.Maybe when they get that taken care of it will allow the NOC to move on with some other deals.Or am I being overly optimistic?

One thing I will not be optimistic on is the Canadiens or for that matter the Leafs making the playoffs this year.At least I will at least get a break to root for the boys during the olympics.

Sorry I can not share all of the enthusiasm some of you exhibit for something being close.Any other time we were hearing something was close we had a big increase in volume and share price.Thinking back to the last time,I believe we even had a 300k share day with the price doubling very quickly.In it until we get something or it blows up but do not believe we are close.

On the other hand,at least we have hockey back.Who would have thought the Habs would be 2-0 and the Canucks would be 0-3 .Flames will probably beat us up tonight though.

Axis and the Canucks

A little concern for both Win4me.


Not specifically Axis but a little concern for where we are attempting to do business.As I am sure everybody here read the Verenex news this morning.A little unsettling.

Now the Canucks,certainly not as bad as our situation(Gillet selling the team,so many freeagents)but it looks like you guys are going to lose the twins.Those are some big skates to fill.I was pulling for the Pens as well but that officiating was a disgrace.Sid would have got there eventually,don't tarnish it with BS officiating.Still never heard why Malkin wasn't suspended for a game.

I would assume you are still on the bandwagon.This year was a huge disappointment for us here in Montreal.Allot of players appear to not want to be here.Gazette this weekend ripped all but a handful and our goalie has much growing up to do.

Looked like we were headed for the real deal there at the end of March and now things seemed to have settled back down again.Tick-tock.....tick-tock.Think I need to turn my computer off for a few more months again.

Winforme,Do you view this as a positive or a negative for axis?

Something I found that could hopefully be interesting for us at some time in the future.



From CBS Marketwatch

Squandered opportunities?
Commentary: Smart traders know oil's retreat is temporary
By Kevin Kerr, Global Commodities Alert
Last update: 12:01 a.m. EST March 2, 2009
NEW YORK (MarketWatch) -- Human beings are a predictable bunch and we tend to wait until things get to a painful crisis mode before taking drastic action.
My question is why does it always have to get to that point?
Take the most recent run-up of oil prices, when crude hit $147 a barrel and gasoline was trading around $5.
As prices reached nosebleed levels, the general public was in a great deal of pain and they acted accordingly. There was an outcry for more alternatives, more refineries, conservation, infrastructure investment etc. Everything from clean-coal technology to nuclear was on the table.
Trading Strategies: March 2009


Adopting a
bunker mentality
• Hulbert: How to trade a flat market
• Brodrick: Five rally killers
• Kahn: Fright not flight
• Ashbaugh: The technical trend is down
• Kerr: Get ready now for $300 oil
• Lowell: Market politics intensify
• Maltbie: Two small-caps for the wary
• Kee: Dialing down aggression
• Burton: What would Darwin buy?

MULTIMEDIA
• Johnson: Hunkered down
• Rappaport: Watch out for Dow 6000
• Don't try to be a hero
• See the full special report
Fast forward to today, with crude prices at around $38 and gas back below $2, and it's a very different picture. No pain means no gain in solving the problem.
Let me be clear, though. That problem hasn't gone anywhere.
$300 crude not far off
While the global recession and credit crunch have severely impacted global demand for energy, it's only temporary. The problems propelling oil prices to $147 haven't gone away. The patient is, at best, in temporary remission.
Traders are seasick from the oil markets lately; the volatility has been so extreme. Aside from the obvious macro-factors, what else is driving the abnormally large swings in crude oil?
It's called "contango." Contango occurs when futures prices are higher than current prices. The scenarios are not uncommon, but the recent spread widths are extreme by any measure.
For example: the April 2009 crude oil contract is around $38.10 -- while the April 2010 crude contract, crude for delivery a year from now, is trading at $50.26. That's a $12.16 spread.
That means major oil companies like Royal Dutch Shell (RDSA
royal dutch shell plc spons adr a
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RDSA) , Exxon Mobil (XOM
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XOM) and BP (BP
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BP) can store oil on tankers and then sell the April 2010 contract at $50.26.
Even factoring in the cost of storage, they come out better selling forward than selling at current market prices. This maneuvering causes additional volatility throughout the oil curve, as physical oil companies position themselves in the futures markets to take advantage.
Contract rolls
Another strategy we see consistently in the energy market is contract rolls at major hedge funds, commodity-trading advisers and exchange-traded funds. One ETF is the U.S. Oil Fund LP (USO
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USO) , the world's largest oil fund, said to account for 22% of the outstanding front-month contracts each month.
When the front-month contract approaches expiration, this gigantic ETF must sell its position in the expiring month and buy it back for the coming month.
Also, long-term trends following CTAs and hedge funds have been short on the front months. When a contract expiration approaches, the fund has to roll its short position into the next month's contract, since most CTAs and hedge funds have neither the ability nor the interest to take physical delivery of oil.
The volatility in energy is due to the gigantic tug of war going on around key days of the month where funds, ETFs and oil companies are adjusting for the roll.
Old problems are new again
So what were the major factors that drove oil to record levels the last two years? There are many.
Global demand is among the biggest. Pent-up demand is exploding in growth areas like China and India. Once that global manufacturing engine begins firing again, you can count on energy prices ramping up. Here in the U.S., demand is down dramatically, but as the economy recovers, it will pick up swiftly.
Any economic recovery results in higher energy prices -- it's elementary. That means $300 crude oil could be one year away or three years away, but certainly not much more.
There's been almost no progress on the march to alternatives. The global investment engine has ground to a halt. With oil prices at these levels and the market in tatters, the last place investors want to put their money is in the alternative energy space.
Every sector from uranium miners and clean-coal technology to bio-fuels and oil drillers has seen investment and share prices dry up. The call for building of new refineries and pipelines has all but gone silent.
But OPEC has cut production across the board. We already are seeing supplies start to taper off. Eventually, demand will catch up with supply and we'll be right back in the same boat we were in a year ago.
The realities are chilling. The largest oil field in Mexico Cantarell is still in major decline and when it does run out civil unrest in that nation could explode. These types of chokepoints, both political and physical, still exist with several major oil exporting nations.
Adult do-over
You know when you made a mistake as a kid you'd want a "do-over"? If only managing a portfolio were so easy.
In a way, though, it can be. With oil prices and commodity prices retreating, we have opportunities to take advantage of pricing we thought we'd never see again. Many of the solid energy, refining, drilling and exploration companies that performed exceptionally during the last surge in prices likely will do well again.
Also, several of the more established alternative energy plays should rebound along with crude oil, and they're at just a fraction of their year-ago levels. Investors need to be wary of volatility. But it's prudent to have some exposure.
Shares of many key oil stocks took a plunge, and now they're offering some great entry points. A few ways to play the coming rally in oil is to simply buy the December 2009 crude oil call options. If you prefer to play the equity side, Exxon Mobil is a good bet for the majors while Halliburton (HAL
Halliburton Company
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HAL) is one for the drilling side. Many others are attractive.
It's disappointing that during this lull in energy prices, more immediate action isn't being taken to stave off the rapid return of even higher energy prices. But as investors, we need to take action and responsibility to hedge our own portfolios.
High energy prices will be back soon for those that don't prepare. So will the pain, unfortunately.
Kevin Kerr has been trading commodities since 1989. He currently manages the Cane Garden Capital institutional agricultural fund and edits the Global Commodities Alert at www.kerralert.com End of Story

Unfortunately for us you are probably right.We have alot of controversy around the team right now.Kovalev,Higgins,Price,Hamerlik,and the Belarussian brothers.Certainly not looking good for us right now but I think we get Tanguay back tonight.Saw your game last week against Calgary.That game was incredible.The goaltending was unbelievable.


Hopefully for us you are also right about the other issue.What is he posturing for?Is he trying to make himself look better to the people?I don't see how they could release anything with all of this banter going on?

Libya extended its deadline on nationalization vote for an additional day.This vote seems to be concerning to some of the oil majors as they have commented that they are not investing anymore in Libya other than surveys for the time being.I am assuming that this was the cause of the recent weakness in Verenex last week.I have only been involved in this company for less than a year and I know others on this board know alot more than myself.I can not get through to anyone involved with the company so I will pose my questions here.

Is this distribution of oil wealth to the people at all a possibility?I do not see how Qaddaffi could even propose this.Who does he figure would do the work?Is this nationalization vote holding up the announcements of any MOU's that would be released relating to any companies.I did see the Total one but that appeared to be a restucturing of an old one.