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.
Repost from RB:
By: OPINER49ER $$
Reply To: 6255 by bluesky2002 $$$$ Sunday, 12 Aug 2001 at 1:11 AM EDT
Post # of 6278
Hey Blue...Spent the day in Bakerfield visiting with my Uncle.( He is the man who was given the job of building the 1st. off shore rig in the North Sea. Many said it couldn't be done...He did it.Pictures hanging in his office). He has ran operations all over the world. Of course, we are talking many years ago. What an interesting indivdual with a million stories. Might add with PRIDE,he is a Medal of Honor and Purple Heart holder from WW11. Anyways, provided him with much of the great DD so many have provided here.....and proceeded to witnessed the old oil man get all fired up. Course he spent a fair amount of time drilling in the Coalinga area years ago and remembers the BIG DADDY and the blow-out. He says you could hear that SOB clear to Hanford until they got it under control..Must be 30mi.+ away. Meant to ask him but I believe it took a few years to control?? Also ask him about problems concerning a blow-out...he said that is exactly what they do not want but made it clear that blow-outs are mostly always human error and if they take her nice and easy and stay on top of it, shouldn't be a problem. Anyway, thought I would pass on some of the conversation. Very Positive my friends,looks like we got a winner....By the way..yes, he's calling his broker Mon. morn.,.....IOPINE
Repost from RB:
By: OPINER49ER $$
Reply To: 6255 by bluesky2002 $$$$ Sunday, 12 Aug 2001 at 1:11 AM EDT
Post # of 6278
Hey Blue...Spent the day in Bakerfield visiting with my Uncle.( He is the man who was given the job of building the 1st. off shore rig in the North Sea. Many said it couldn't be done...He did it.Pictures hanging in his office). He has ran operations all over the world. Of course, we are talking many years ago. What an interesting indivdual with a million stories. Might add with PRIDE,he is a Medal of Honor and Purple Heart holder from WW11. Anyways, provided him with much of the great DD so many have provided here.....and proceeded to witnessed the old oil man get all fired up. Course he spent a fair amount of time drilling in the Coalinga area years ago and remembers the BIG DADDY and the blow-out. He says you could hear that SOB clear to Hanford until they got it under control..Must be 30mi.+ away. Meant to ask him but I believe it took a few years to control?? Also ask him about problems concerning a blow-out...he said that is exactly what they do not want but made it clear that blow-outs are mostly always human error and if they take her nice and easy and stay on top of it, shouldn't be a problem. Anyway, thought I would pass on some of the conversation. Very Positive my friends,looks like we got a winner....By the way..yes, he's calling his broker Mon. morn.,.....IOPINE
Map of Coalinga nose where drilling is taking place. MSEV and FRCD are just 2 of the companies involved. Scroll down to the second map.
http://seeps.wr.usgs.gov/seeps/coalinga.html
Map of Coalinga nose where drilling is taking place. Scroll down to second map.
http://seeps.wr.usgs.gov/seeps/coalinga.html
MSEV business plan
MSEV Business Plan:
"We are extremely pleased with the progress of the company and feel we are on our way to achieving our goal of becoming a mid range oil and gas producer, with our ultimate goal of being bought out by a major within two years.''
Rodney Hope CEO
Don't stop dreaming guys/gals or making goals. That's what life is all about. Have a great Sunday!
2desire
Cute Poem by photonwav on the MSEV board!
By: photonwav $$$$
Reply To: 2350 by photonwav $$$$ Sunday, 12 Aug 2001 at 5:44 AM EDT
Post # of 2356
Pslams msev: (since its Sunday)
Thy rig is my ticket,
I have been wanting.
The promise of green,
springs from black waters.
Rod Hope has restored my soul,
With PR's of Massive rightousness.
For MSEVer's sake.
Yea tho' i walk through the shadow of penny stocks,
i will fear no evil,
For big DADDY Gerka is with me.
Thy drill rods and Nabors staff comfort me.
Tho preparest your rollo dex with friends,
and not enemies.
so the future will annoint with "bread' from oil.
My keyboard runneth over.
Surely, goodness and money shall follow me,
all the days of my life.
And i will dwell in the house that oil built....
till i upgrade.....
photonwav)
Great find Muelhead! Looks like it's ready to rebound. Any dd on it yet? eom.
2desire
Good Read Mach! Seems like no matter what they do, it won't hurt Wal-mart's business. It's a shame they treat their employee's badly. All of these people filing law-suits can't be wrong.
2desire
My oh my you two guys were up late last night! lol. Bob I hope you got all the information you were looking for. I'm glad muelhead and you conversed. He's also a very good friend of mine. Rest up today fellas. This week should be exciting for several issues we've dd'd on this board.
2desire
Thanks Joshua! Your'e the greatest.
2desire
Thanks Arch! I'm sure MSEV and FRCD will be moving north come Monday. Look me up tonight if your'e online. Ciao!
2desire
joshua, can you make a dd link for msev? TIA.
2desire
rpt. in my opinion this could be dollars we are looking at. NABORS drilling is known worldwide. They wouldn't be there if it wasn't big. This land was abandoned in 1942. Drilled for oil but not gas. They didn't go down that far and natural gas was not a hot commodity as it is today. If you research other hits in the same area, they are phenominal. It's called the coalinga nose in California, outside fresno. But yes and easy double, triple at least. :)
Great pick Muelhead! Thought you were suppose to be doing taxes. lol. Just kidding.
2desire
Call Just confirmed major play!!! Repost from RB.
OH MY GOD, THANK YOU, phone call of a life time.
Of course its true and more.
The fire depts do not handle any hazmat ops for the rigs, plans are run through the Dept of oil and gas.
But 1st call was to a Ryan Tankerslee of Colinga fd, the business office phone 559-935-1652, he stated there is a lot of drilling, but said the location of the one I inquired about was in his estimate 2 mi west of the nose and was the largest drill rig he had ever seen, overshadowing, he went on to say that RUMOR in his dept is to watch for a major blow on monday or tues, he says everyone there knows about it and i'll quote "its major".
The second call was not as informative but backed up what the first call said, with a twist---drill bit.
This was the FD that covers the area but not rigs, this person-- couldnt catch his name, but central fire dept Phone 559-292-0364, he lives in colinga, confirmed the location as Phelps Rd I think or town, but said he undertood that nabor took an "offshore" rig and dragged it in--make sense? also about 6-7 stories high, location detail Slightly ne of colinga and something about 20 south and 16 east which lost me, and is expected to come in this week, this guy did not answer the phone, I was transfered to him.
Both fire companies are looking for the well to come in early week if not sooner, say it is expected to be one of the largest hits in some time. One said it already hit production level Gas--make sense?, but not finished drilling, Fire fighter to Fire fighter----Its there!!!!
Did I do good work?
2desire :)
Re: phone call made to investigate drilling. Repost.
OH MY GOD, THANK YOU, phone call of a life time.
Of course its true and more.
The fire depts do not handle any hazmat ops for the rigs, plans are run through the Dept of oil and gas.
But 1st call was to a Ryan Tankerslee of Colinga fd, the business office phone 559-935-1652, he stated there is a lot of drilling, but said the location of the one I inquired about was in his estimate 2 mi west of the nose and was the largest drill rig he had ever seen, overshadowing, he went on to say that RUMOR in his dept is to watch for a major blow on monday or tues, he says everyone there knows about it and i'll quote "its major".
The second call was not as informative but backed up what the first call said, with a twist---drill bit.
This was the FD that covers the area but not rigs, this person-- couldnt catch his name, but central fire dept Phone 559-292-0364, he lives in colinga, confirmed the location as Phelps Rd I think or town, but said he undertood that nabor took an "offshore" rig and dragged it in--make sense? also about 6-7 stories high, location detail Slightly ne of colinga and something about 20 south and 16 east which lost me, and is expected to come in this week, this guy did not answer the phone, I was transfered to him.
Both fire companies are looking for the well to come in early week if not sooner, say it is expected to be one of the largest hits in some time. One said it already hit production level Gas--make sense?, but not finished drilling, Fire fighter to Fire fighter----Its there!!!!
Did I do good work?
2desire :)
Just a note. Many of the longs on the respective boards, MSEV,FRCD, etc. will be calling other partners on Monday to verify that it is indeed a tight hole. Will keep you posted on the findings.
b/r 2desire
Just a note. Many of the longs on the respective boards, MSEV,FRCD, etc. will be calling other partners on Monday to verify that it is indeed a tight hole. Will keep you posted on the findings.
b/r 2desire
Repost from RB board....
By: photonwav $$$$
Reply To: None Saturday, 11 Aug 2001 at 1:10 PM EDT
Post # of 2247
JUST GOT OFF THE PHONE WITH NABORS DRILLING, THE RIG IS NOW CLASSIFIED CONFDENTIAL, THIS IS BIG GUYS.
This is from Qpluss on frcd board.....
We have "tight hole status"...
All drilling information frome this p0int on is confidential!
photonwav
This will be big for all partners involved.... i.e. MSEV, FRCD, ORL.V ( OLYRF) on OTCBB. ORL.V is awaiting entrance to the OTCBB. This just might propell them straigt to AMEX. LOL.
Good Luck all. I hope some of you were fortunate to buy at such bargain prices.
b/r 2desire
Repost from RB board....
By: photonwav $$$$
Reply To: None Saturday, 11 Aug 2001 at 1:10 PM EDT
Post # of 2247
JUST GOT OFF THE PHONE WITH NABORS DRILLING, THE RIG IS NOW CLASSIFIED CONFDENTIAL, THIS IS BIG GUYS.
This is from Qpluss on frcd board.....
We have "tight hole status"...
All drilling information frome this p0int on is confidential!
photonwav
This will be big for all partners involved.... i.e. MSEV, FRCD, ORL.V ( OLYRF) on OTCBB. ORL.V is awaiting entrance to the OTCBB. This just might propell them straigt to AMEX. LOL.
Good Luck all. I hope some of you were fortunate to buy at such bargain prices.
b/r 2desire
Great article. Repost from MSEV board. A must Read!
By: Spiker53 $$$
Reply To: None Friday, 10 Aug 2001 at 9:04 PM EDT
Post # of 2230
August 20, 2001
Cover
The next gas crisis
If you thought the worst was over, get ready.
Demand is up, supply is dwindling, and new finds are
scarce. Here's how to hedge against the price hikes
to come
By ANDREW NIKIFORUK
If, like the vast majority of Canadians, you are dependent on natural
gas to heat your home, ponder this thermostat-shattering truth for a
moment. The largest natural gas find in Western Canada in the past
25 years is now playing out in a marshy area of northeastern BC
near the Alberta border. Some analysts expect the Ladyfern field to
gush about a trillion cubic feet (tcf) of natural gas, which to a
layman's ear might sound like a lot of burning power. But Ladyfern
probably contains just enough fuel to heat all the gas-fired homes in
Canada for a year or two at most. And it's a clear freak of nature. A
typical new gas well, in fact, produces barely enough gas to heat
90,000 homes for a year.
Now add some more disturbing math to this natural gas picture.
Canada now produces 6.2 tcf of gas a year, which just barely meets
domestic and export demand. That represents about one-fifth of
North America's gas consumption, which is still growing by 2% a
year thanks to gas-fired electrical generation. "We need 6.2
Ladyferns a year to just keep up with gas consumption and stand
still," explains Rob Woronuk, 60, a veteran Calgary gas analyst and
one of the nation's independent natural gas watchdogs. "The really
scary part is that we are finding a Ladyfern only every 25 years."
Anyway you look at it, the glory days of cheap natural gas at $1.50 a
gigajoule are over. Even though Canadian politicians may not be
fretting as dramatically as President George W. Bush about future
energy supplies and prices, they probably should be. Despite the
stabilization of gas prices at about $4 a gigajoule (that's double the
decade average), Canadian companies still can't find enough gas
to keep.
The whole demand-supply situation is so vulnerable that a major
hurricane in the Gulf of Mexico or a terrorist attack, say, on the
Alliance pipeline, which runs from northern BC through Alberta to
Chicago, could abruptly send natural gas prices soaring back to the
rude and shocking heights they reached last winter: US$10 a
gigajoule. "Everything is in a crunch and has to be working 100%.
We can't even afford too many plant turnarounds," says Woronuk.
"We are in a dangerous situation."
To assess just how volatile natural gas prices could be over the next
year, Canadian Business talked to the same group of prescient
experts we interviewed last July. Astute readers will recall that, at the
time, our assembled analysts and gas veterans correctly predicted
the phenomenal gas hike that clobbered the continent last
winter—and three months before anyone else did. Their collective
advice this time around is not as simple as "buy natural gas stocks,"
even though that's still a pretty good idea.
After last year's price shocker, things have changed dramatically. In
fact, the natural gas market has grown quirkier and murkier, and is
now complicated by an enormous demand backlash as industrial
and residential gas users suddenly rediscover the born-again
economics of energy conservation. But the essential facts remain
the same. "We are still finding less gas and consuming more," notes
Calgary-based Mike Sawyer, executive director of the Citizen's Oil
and Gas Council. "The fundamentals haven't changed."
Just how tenuous this math has become was driven home last
month by the staid provincial regulator, the Alberta Energy and Utility
Board (EUB). Its supply outlook for 2001 to 2010 predicted that
conventional natural gas production in Alberta, Canada's key
producer, would peak by 2003 at 5.3 tcf and therefore decline by
2% a year for the next five years. Over the next decade, Alberta will
have exported or burned up about three-quarters of its potential gas
reserves. It's a case of going, going, gone.
US analysts typically sum up the situation this way: "It's the geology,
stupid." Alberta's richest gas fields are now mature and aging
basins with little gas left. Ditto those in the US. New pools are
smaller, and "new wells drilled today are exhibiting lower production
rates and steeper decline rates," according to the EUB. "I'd like to
see more reserves—that goes without saying," admits the EUB's
top economist, Farhood Rahnama. "But the decline in reserves is
just a fact of life."
That fact, and all its political and social implications, will be
complicated by rising industrial demand for gas, ironically driven by
the oil sands, the source of Canada's future oil supply. By 2010, the
oil sands will be hogging nearly 25% of Alberta's gas production in
order to fire boilers to heat the water that melts the tarry sands into
usable crude. Whether that's a wise use of natural gas hasn't been
debated by any political body yet. But in real numbers, it simply
means less gas for George W.—and pricier natural gas for you and
me.
The sobering realities will be reinforced by a much-awaited
accounting of Canada's total gas resources (both onshore and
offshore) due this September. That's when the Canadian Gas
Potential Committee, a volunteer group of geologists and industry
types, will release a 600-page report that will identify (in glowing
color) what gas is left and where it is. (Unlike the efficient US
Department of Energy, Canada's National Energy Board just
doesn't have a handle on this crucial information.) The Alberta and
BC governments have already ordered the $15,000 CD-ROM. The
report, which will clearly confirm the tightness of supplies, "will make
a lot of news," predicts Woronuk, one of its authors. Its data might
also raise questions about the pace of development, the volume of
US exports and the absence of any coherent energy policy in
Canada.
Meanwhile, the situation south of the border continues to grow
bleaker. In spite of record drilling throughout the US, companies
aren't finding much new gas in the dry plains of southern Texas or
even the Gulf of Mexico. While the US Department of Energy
predicts natural gas consumption will increase by 45% by 2015, in
the past year, production has grown by barely 2%.
Bush now wants to drill in national parks and on federal lands—even
though the spoilage of natural monuments could squarely fail to
ease the shortage. "It's like a treadmill," Skip Horvath, presidnet of
the Natural Gas Supply Association, recently told The New York
TImes. "You have to race faster and faster to keep it up." Martin
Molyneaux, a leading gas analyst with Calgary's FirstEnergy Capital
Corp., puts it a different way: "After six quarters in a row of industry
going all out in Western Canada and the US, there is only one word
to describe the result: disappointing."
The disappointment is somewhat heightened by the difficult nature
of options available to policy-makers. Even the sunniest projections
don't predict arctic gas from Alaska or the Mackenzie Delta will
reach southern markets until 2008 or 2010. And the US$20-billion
price tag for what many are already calling the costliest construction
project in the continent's history is enough to make most pipeline
promoters think thrice, let alone twice. That undertaking might well
involve two separate northern pipelines that might join outside of
Edmonton, as well as the construction of another Chicago-bound
pipeline. But even the Mackenzie Delta's gas is no panacea. What
is now accessible holds no more gas than what Canada produces
every year (6.2 tcf). "Is the Delta enough?" asks Woronuk. "####, no."
Alternatives to natural gas are also costly and take time to develop.
Although the US is looking seriously at liquid natural gas as well as
coal-bed methane, the technology is expensive and the
environmental ramifications formidable. The mysterious world of gas
hydrates (gas locked in ice crystals in the ocean) holds the promise
of offering limitless supplies, but no technology yet exists to tap
them. As a result, conventional natural gas will likely remain the
dominant energy source for some time to come—and at higher and
higher prices.
Current prices, however, don't reflect the persistent draining of
continental natural gas reserves. Thanks to a decided drop in
consumption among industrial gas users, prices have stabilized
somewhat after last winter's rude heights. "I was mortified when I
saw US$9 and US$10 gas prices last year," admits Molyneaux.
"When you quadruple the price of a commodity, there is going to be
a demand backlash—and it came at us like a truck."
That truck came in three distinct styles: a US economic slowdown,
mild summer weather and a revitalized conservation campaign that
made a mockery of vice-president Dick Cheney's loud dismissal of
energy efficiency. Last spring, after the run-up in natural gas prices,
everybody from industrial plants to shopping malls started to look for
ways to reduce their energy bills. Some set air conditioner
thermostats higher, while others installed more energy-friendly
windows. Others switched fuels. When gas prices hovered at about
US$2, industries weren't terribly aware of their energy costs, says
Molyneaux. "Now they are intimately aware."
To date, the big benefactors have been coal, distillate fuel oil,
nuclear power and wind producers. In fact, the doubling of gas
prices has made wind a viable energy competitor for the first time,
as well as the continent's fastest-growing energy source. Even Jim
Gray, the venerable gas explorer and chairman of Canadian Hunter
Exploration Ltd., has become a champion of demand-side
awareness. Last year, he was the first executive (along with J. P.
Anderson of Anderson Exploration Ltd.) to warn consumers about
the coming price storm. But when that torrent put gas and electricity
prices at Gray's Calgary condominium through the roof, his fellow
tenants, mostly oil-patch types, studiously examined their costs.
After learning that the average price of powering a 100-watt
lightbulb for 24 hours a day for a year had gone from $40 to $130,
Gray's condo neighbors got energy wise. They even replaced a
furnace that burned gas at 35% efficiency with one rated at 80%. As
a result, says Gray, "our overall energy consumption has gone down
by 10%. Multiply that kind of decision-making by hundreds of
thousands of people and you have a tremendous reallocation of
resources."
Gray now believes that kind of demand change will normalize natural
gas prices at double their average (around the current $3 range) for
some time to come. Such adjustments have also taken the price of
Canadian Hunter stock (TSE: HTR) from a high of $46 to a low of
$30 in the past six months. Gray thinks the big natural gas story for
the next year will not be declining supplies, but ever more efficient
gas conservation. "Energy consumption has dropped by 10% to
15% in California this year," he says. "North Americans are the most
profligate and wasteful users of energy on the globe. There is a lot of
room to move here." In other words, the equivalent of several
untapped Ladyferns may simply be tapped by consumers as they
buy more energy-efficient appliances or improve home designs. Not
surprisingly, most energy efficiency experts are now booked a year
in advance.
Although the conservation backlash and cool summer weather have
deflated the value of key gas stocks by as much as 50% in recent
months, there's lots of room for investors to do some long-term
planning. Molyneaux, for example, bullishly predicts prices will rise in
the second quarter of next year. That's when reduced drilling due to
lower prices should highlight North America's natural gas reality:
there's more demand than gas. "We won't see US$9 or US$10
prices, but we will see high fours and low fives," Molyneaux says.
Companies well leveraged to take advantage of this increase
include Canadian Hunter (it has five of Western Canada's top-25
producing wells); Alberta Energy Co. Ltd. (TSE: AEC), a key
Ladyfern player; and Nexen Inc. (TSE: NXY), which brought more
gas onstream last year than it did in the preceding two years.
Anderson Exploration (TSE: AXL) and Petro-Canada (TSE: PCA),
which have both banked their futures on Mackenzie Delta reserves,
also remain important gas producers.
Canadian Business readers, of course, who took our advice last
year in advance of runaway gas prices partook in some spectacular
profit-making. Natural Resources Canada, for instance, estimates
that natural gas plant sales jumped from $12 billion in 1998 to $41
billion this year. It expects revenue to fall to $28 billion by 2005 and
then climb again to $34 billion in 2010, which, by any account,
amounts to more steady profit-making.
None of our experts, meanwhile, expect a repeat of last year's
natural gas fiasco or what many pundits now dub "the perfect
storm." The key element, of course, was declining supply. As well,
US electrical power generators burned natural gas like water all last
year, when drought lowered reservoirs and made hydro generation
a no-go on the West Coast. As a consequence, the volume of
natural gas stored underground hit all-time lows.
Oil, normally an alternative fuel for natural gas, then hit US$34 a
barrel, and California, one of the continent's big energy guzzlers,
started experiencing blackouts. Cold weather followed as surely as
night follows day, and by then Canadians were digging deeper into
their pockets to pay for the natural gas storm brewing in their
furnaces. As one federal report lamented, "everything that could
happen to increase prices, did happen."
This year, the elements are arrayed somewhat differently. "I don't
think the situation will be replicated," says Larry Pratt, a longtime
energy policy analyst in Edmonton, "even though we aren't replacing
the gas we are using." Molyneaux agrees. "Once you shock people,
it's hard to shock them a second and third time," he says. Both US
and Canadian storage operators, for example, have now pumped
gas into basins for winter usage at record levels. But winter storage
is only a buffer, not a solution.
Nevertheless, our batch of clear-eyed soothsayers all agree that
consumers and investors alike must carefully watch the weather. A
late-summer hot spell combined with a cold winter could produce an
imperfect storm—and bring gas prices back to US$6 or higher. But
most don't see any major price hurricanes until supply hits another
serious demand crunch—which, as we've noted, could likely come
in the second quarter of next year. That's when cheap conservation
fixes will exhaust their possibilities and disappointing drilling results
will highlight the essential math that produced the initial storm. "The
direction is clear," concludes Woronuk. "There is not enough gas left
in existing basins. It's going to get worse. That means demand has
to go down or supply is going to be very, very tight."
North America is still using more gas than it is finding. Concerted
conservation drives and a softer economy may temporarily mask
ever-dwindling supplies. A prolonged cold snap, though, could
remind us of the reality sooner rather than later. You can count on
rising prices to definitely affect your home and business heating
bills—or your portfolio—early next year as natural gas abandons its
image as a cheap staple and becomes, for better or worse, a
premium good on the North American market.
A good flipper...
KLYS
http://www.smallcapcenter.com/snapshot_chart.asp?ticker=KLYS&coname=Kelly%27s+Coffee+Group++Inc+....
http://www.smallcapcenter.com/snapshot_overview.asp?ticker=KLYS&coname=Kelly%27s+Coffee+Group++I....
Looking at the chart it seems to hit .08 about every 6 months. :)
b/r 2desire
--------------------------------------------------------------------------------
A good flipper...
KLYS
http://www.smallcapcenter.com/snapshot_chart.asp?ticker=KLYS&coname=Kelly%27s+Coffee+Group++Inc+...
http://www.smallcapcenter.com/snapshot_overview.asp?ticker=KLYS&coname=Kelly%27s+Coffee+Group++I...
Looking at the chart it seems to hit .08 about every 6 months. :)
b/r 2desire
Right on ez. I'm a dental hygienest. I can vouch for that!
2desire
Hi guys! I'm doing great. Go to see surgeon on Tuesday for gallbladder. :( Feeling better though. Changed diet drastically. Don't want to rub it the wrong way. lol. Glad to see some life in the otcbb. May get a little more action today since NASD is not cooperating. :) Later!
2desire
Goodmorning everyone!
2desire
MSEV @ .36 and running! FRCD @ .355. mm's spread the bid/ask on that one. Good luck e1!
2desire
Struthers, Inc.'s New Generation Facility in Traverse County, Iowa Produces First Litter of 390 Animals
WAUKON, Iowa, Aug 9, 2001 (BW HealthWire) -- Struthers, Inc. (OTCBB: STRU)
announced today that as part of its expansion plan, the Company has finished the
conversion of its farm in Traverse County, Iowa. The farm was upgraded to hold
600 sows for the production of High Health, High Quality Gilts (females) and
Boars (males). The location was chosen on the basis of the Company's high
biosecurity standards. The first litter of 390 animals has been born.
Mariano Raigo, President of STRUTHERS, INC., stated, "This is the first of our
new generation facilities to provide for the needs of producers and gilt
multipliers.
Certain statements in this press release may constitute "forward-looking
statements" within the meaning of the Private Securities Litigation Reform Act
of 1995. Readers are cautioned not to place undue reliance on statements, each
of which speak only as of the date made. All such forward-looking statements are
only estimates of future results and actual results may differ materially from
those anticipated or projected. The Company undertakes no obligation to update
or revise any such forward-looking statements.
Hey muelhead! MSEV up 33%! Both MSEV and FRCD are great plays. Hope some of you are playing them. They aren't finished yet!
2desire
B] NY Natural Gas Review: Sep higher, aided by hot weather
8-Aug-2001 20:25:57
By Darcy Keith
New York, Aug. 8 (BridgeNews) - NYMEX Sep Henry Hub natural gas futures
settled up 6.5 cents at $3.036 per MMBtu, with the market showing little
bearish reaction to American Gas Association figures that came within the high
end of expectations. Players said prices held firm because of anticipation that
next week's AGA report will show a smaller build given the excessive heat
currently encompassing much of the nation.
* * *
The AGA reported that storage levels rose 80 billion cubic feet for the
week ended Friday to 2,283 bcf. The injection was above the BridgeNews survey
of 70 to 75 bcf, although estimates as high as 85 bcf were reported, so the
report was not far off expectations.
The latest injection was up 298 from the same period of 2000. The year-ago
injection was 65 bcf and the five-year average was 63.8 bcf. The highest build
over the comparable period was 84 bcf in 1996. Last week, the injection was 77
bcf.
"I think the number was within the range of expectation. There was a little
bit of buying and selling, and it was all very orderly," one trader said.
While the number was still historically a large one for this time of year,
the trader added that the excessive heat in much of the U.S. is keeping the
market supported, "at least for now."
Several sources said a large buy order of at least 1,000 lots near $3.02
supported the market after the AGA figures were released, and that supported
prices. The buyer was believed to be a large U.S.-based player that made the
move as part of an option strategy. A featured buyer making an order of more
than 500 lots often can strongly sway prices.
"Everybody is looking at next week's number and lots think that the number
will be in the 60s because of the weather and people pulling gas from storage,"
said another trader. "Once today's number was out of the way, people were
comfortable buying again."
Another trader said some players took advantage of the opportunity to do
some short covering. "There are a lot of people still short out there from when
gas was trading at higher levels," he said.
Guy Gleichmann, senior account executive for Barkley Financial, was
surprised the market didn't react more negatively, given that the storage data
represents one of the hottest periods of the year.
"This is a very negative number, because a lot of people were expecting a
lower number than last week, especially if this was one of the hottest weeks of
the year," Gleichmann said.
"So, if this is the best we can do, and can only muster a figure of 80, the
question is when we get cooler again, can we start expecting figures of 90 and
above again," he said.
"This is not congruous with the fundamentals. For these prices to hold up,
the buyer is going to have to bring a lot of people along with him, and that
has yet to be seen," Gleichmann added. He speculated that the market might have
a delayed reaction to the bearish number, possibly on Thursday.
"There's a real speculative air bubble in here and I think it has to give
up soon," he added.
Gleichmann pegged $2.80 as support and "fair value" for Sep natural gas.
WEATHER
Cooler weather will move into the northern Plains and Midwest Friday and
this weekend. As a result, a significant reduction in cooling fuels will occur.
The cooler conditions also will affect the Northeast by the end of this
weekend.
California and the much of the western U.S. will remain hot into next week.
B] NY Natural Gas Review: Sep higher, aided by hot weather
8-Aug-2001 20:25:57
By Darcy Keith
New York, Aug. 8 (BridgeNews) - NYMEX Sep Henry Hub natural gas futures
settled up 6.5 cents at $3.036 per MMBtu, with the market showing little
bearish reaction to American Gas Association figures that came within the high
end of expectations. Players said prices held firm because of anticipation that
next week's AGA report will show a smaller build given the excessive heat
currently encompassing much of the nation.
* * *
The AGA reported that storage levels rose 80 billion cubic feet for the
week ended Friday to 2,283 bcf. The injection was above the BridgeNews survey
of 70 to 75 bcf, although estimates as high as 85 bcf were reported, so the
report was not far off expectations.
The latest injection was up 298 from the same period of 2000. The year-ago
injection was 65 bcf and the five-year average was 63.8 bcf. The highest build
over the comparable period was 84 bcf in 1996. Last week, the injection was 77
bcf.
"I think the number was within the range of expectation. There was a little
bit of buying and selling, and it was all very orderly," one trader said.
While the number was still historically a large one for this time of year,
the trader added that the excessive heat in much of the U.S. is keeping the
market supported, "at least for now."
Several sources said a large buy order of at least 1,000 lots near $3.02
supported the market after the AGA figures were released, and that supported
prices. The buyer was believed to be a large U.S.-based player that made the
move as part of an option strategy. A featured buyer making an order of more
than 500 lots often can strongly sway prices.
"Everybody is looking at next week's number and lots think that the number
will be in the 60s because of the weather and people pulling gas from storage,"
said another trader. "Once today's number was out of the way, people were
comfortable buying again."
Another trader said some players took advantage of the opportunity to do
some short covering. "There are a lot of people still short out there from when
gas was trading at higher levels," he said.
Guy Gleichmann, senior account executive for Barkley Financial, was
surprised the market didn't react more negatively, given that the storage data
represents one of the hottest periods of the year.
"This is a very negative number, because a lot of people were expecting a
lower number than last week, especially if this was one of the hottest weeks of
the year," Gleichmann said.
"So, if this is the best we can do, and can only muster a figure of 80, the
question is when we get cooler again, can we start expecting figures of 90 and
above again," he said.
"This is not congruous with the fundamentals. For these prices to hold up,
the buyer is going to have to bring a lot of people along with him, and that
has yet to be seen," Gleichmann added. He speculated that the market might have
a delayed reaction to the bearish number, possibly on Thursday.
"There's a real speculative air bubble in here and I think it has to give
up soon," he added.
Gleichmann pegged $2.80 as support and "fair value" for Sep natural gas.
WEATHER
Cooler weather will move into the northern Plains and Midwest Friday and
this weekend. As a result, a significant reduction in cooling fuels will occur.
The cooler conditions also will affect the Northeast by the end of this
weekend.
California and the much of the western U.S. will remain hot into next week.
Gas prices will rebound next year from nuclear outages, analysts say
HOUSTON, Aug. 6 -- Natural gas prices may rebound next year thanks to decreased nuclear power production, Raymond James & Associates said. Nuclear power is headed for a "cliff" next spring as power plants go off line for planned
maintenance outages, analysts said. Demand for natural gas will increase on the strength of reduced nuclear power generation. Lower nuclear generation should boost gas demand 1-1.5 bcfd by May 2002 to serve gas-fired generation, said Fred Schultz, analyst with Raymond James in Houston. He estimated nuclear power generation replaced 1.5-2.5 bcfd of gas demand in gas-fired electric generation this summer. That offset is expected to continue into the fall when gas prices will finally bottom out, Schultz predicted. By next spring, gas demand and prices should improve dramatically, Schultz said, creating an "astounding" 3.5 bcfd swing in gas demand.
The nuclear power fleet has been run "flat out" for the last 2 years. Utilization for the fleet is running on average at an historic high of 97%. In 2002, repairs and refueling of the fleet should reduce utilization to 91%, Schultz estimated. Schultz said he used conservative projections and did not factor in any unplanned or forced
outages of the nuclear plants. The analysis is based solely on the scheduled refueling and outages that will begin in May of 2002 and continue into the summer. Each additional unscheduled or forced outage furthers Raymond James's gas rebound story, as gas-fired electric generation would be the logical band-aid to bridge the gap of lost electric capacity, he said. Schultz predicts almost a 17% month-over-month switch from nuclear power to gas fired generation from April to May of 2002. "Next year is shaping up to be a far more bullish year for gas," he said.
Gas prices will rebound next year from nuclear outages, analysts say
HOUSTON, Aug. 6 -- Natural gas prices may rebound next year thanks to decreased nuclear power production, Raymond James & Associates said. Nuclear power is headed for a "cliff" next spring as power plants go off line for planned
maintenance outages, analysts said. Demand for natural gas will increase on the strength of reduced nuclear power generation. Lower nuclear generation should boost gas demand 1-1.5 bcfd by May 2002 to serve gas-fired generation, said Fred Schultz, analyst with Raymond James in Houston. He estimated nuclear power generation replaced 1.5-2.5 bcfd of gas demand in gas-fired electric generation this summer. That offset is expected to continue into the fall when gas prices will finally bottom out, Schultz predicted. By next spring, gas demand and prices should improve dramatically, Schultz said, creating an "astounding" 3.5 bcfd swing in gas demand.
The nuclear power fleet has been run "flat out" for the last 2 years. Utilization for the fleet is running on average at an historic high of 97%. In 2002, repairs and refueling of the fleet should reduce utilization to 91%, Schultz estimated. Schultz said he used conservative projections and did not factor in any unplanned or forced
outages of the nuclear plants. The analysis is based solely on the scheduled refueling and outages that will begin in May of 2002 and continue into the summer. Each additional unscheduled or forced outage furthers Raymond James's gas rebound story, as gas-fired electric generation would be the logical band-aid to bridge the gap of lost electric capacity, he said. Schultz predicts almost a 17% month-over-month switch from nuclear power to gas fired generation from April to May of 2002. "Next year is shaping up to be a far more bullish year for gas," he said.
B] NY Natural Gas Review: Sep higher, aided by hot weather
8-Aug-2001 20:25:57
By Darcy Keith
New York, Aug. 8 (BridgeNews) - NYMEX Sep Henry Hub natural gas futures
settled up 6.5 cents at $3.036 per MMBtu, with the market showing little
bearish reaction to American Gas Association figures that came within the high
end of expectations. Players said prices held firm because of anticipation that
next week's AGA report will show a smaller build given the excessive heat
currently encompassing much of the nation.
* * *
The AGA reported that storage levels rose 80 billion cubic feet for the
week ended Friday to 2,283 bcf. The injection was above the BridgeNews survey
of 70 to 75 bcf, although estimates as high as 85 bcf were reported, so the
report was not far off expectations.
The latest injection was up 298 from the same period of 2000. The year-ago
injection was 65 bcf and the five-year average was 63.8 bcf. The highest build
over the comparable period was 84 bcf in 1996. Last week, the injection was 77
bcf.
"I think the number was within the range of expectation. There was a little
bit of buying and selling, and it was all very orderly," one trader said.
While the number was still historically a large one for this time of year,
the trader added that the excessive heat in much of the U.S. is keeping the
market supported, "at least for now."
Several sources said a large buy order of at least 1,000 lots near $3.02
supported the market after the AGA figures were released, and that supported
prices. The buyer was believed to be a large U.S.-based player that made the
move as part of an option strategy. A featured buyer making an order of more
than 500 lots often can strongly sway prices.
"Everybody is looking at next week's number and lots think that the number
will be in the 60s because of the weather and people pulling gas from storage,"
said another trader. "Once today's number was out of the way, people were
comfortable buying again."
Another trader said some players took advantage of the opportunity to do
some short covering. "There are a lot of people still short out there from when
gas was trading at higher levels," he said.
Guy Gleichmann, senior account executive for Barkley Financial, was
surprised the market didn't react more negatively, given that the storage data
represents one of the hottest periods of the year.
"This is a very negative number, because a lot of people were expecting a
lower number than last week, especially if this was one of the hottest weeks of
the year," Gleichmann said.
"So, if this is the best we can do, and can only muster a figure of 80, the
question is when we get cooler again, can we start expecting figures of 90 and
above again," he said.
"This is not congruous with the fundamentals. For these prices to hold up,
the buyer is going to have to bring a lot of people along with him, and that
has yet to be seen," Gleichmann added. He speculated that the market might have
a delayed reaction to the bearish number, possibly on Thursday.
"There's a real speculative air bubble in here and I think it has to give
up soon," he added.
Gleichmann pegged $2.80 as support and "fair value" for Sep natural gas.
WEATHER
Cooler weather will move into the northern Plains and Midwest Friday and
this weekend. As a result, a significant reduction in cooling fuels will occur.
The cooler conditions also will affect the Northeast by the end of this
weekend.
California and the much of the western U.S. will remain hot into next week.
Gas prices will rebound next year from nuclear outages, analysts say
HOUSTON, Aug. 6 -- Natural gas prices may rebound next year thanks to decreased nuclear power production, Raymond James & Associates said. Nuclear power is headed for a "cliff" next spring as power plants go off line for planned
maintenance outages, analysts said. Demand for natural gas will increase on the strength of reduced nuclear power generation. Lower nuclear generation should boost gas demand 1-1.5 bcfd by May 2002 to serve gas-fired generation, said Fred Schultz, analyst with Raymond James in Houston. He estimated nuclear power generation replaced 1.5-2.5 bcfd of gas demand in gas-fired electric generation this summer. That offset is expected to continue into the fall when gas prices will finally bottom out, Schultz predicted. By next spring, gas demand and prices should improve dramatically, Schultz said, creating an "astounding" 3.5 bcfd swing in gas demand.
The nuclear power fleet has been run "flat out" for the last 2 years. Utilization for the fleet is running on average at an historic high of 97%. In 2002, repairs and refueling of the fleet should reduce utilization to 91%, Schultz estimated. Schultz said he used conservative projections and did not factor in any unplanned or forced
outages of the nuclear plants. The analysis is based solely on the scheduled refueling and outages that will begin in May of 2002 and continue into the summer. Each additional unscheduled or forced outage furthers Raymond James's gas rebound story, as gas-fired electric generation would be the logical band-aid to bridge the gap of lost electric capacity, he said. Schultz predicts almost a 17% month-over-month switch from nuclear power to gas fired generation from April to May of 2002. "Next year is shaping up to be a far more bullish year for gas," he said.
B] NY Natural Gas Review: Sep higher, aided by hot weather
8-Aug-2001 20:25:57
By Darcy Keith
New York, Aug. 8 (BridgeNews) - NYMEX Sep Henry Hub natural gas futures
settled up 6.5 cents at $3.036 per MMBtu, with the market showing little
bearish reaction to American Gas Association figures that came within the high
end of expectations. Players said prices held firm because of anticipation that
next week's AGA report will show a smaller build given the excessive heat
currently encompassing much of the nation.
* * *
The AGA reported that storage levels rose 80 billion cubic feet for the
week ended Friday to 2,283 bcf. The injection was above the BridgeNews survey
of 70 to 75 bcf, although estimates as high as 85 bcf were reported, so the
report was not far off expectations.
The latest injection was up 298 from the same period of 2000. The year-ago
injection was 65 bcf and the five-year average was 63.8 bcf. The highest build
over the comparable period was 84 bcf in 1996. Last week, the injection was 77
bcf.
"I think the number was within the range of expectation. There was a little
bit of buying and selling, and it was all very orderly," one trader said.
While the number was still historically a large one for this time of year,
the trader added that the excessive heat in much of the U.S. is keeping the
market supported, "at least for now."
Several sources said a large buy order of at least 1,000 lots near $3.02
supported the market after the AGA figures were released, and that supported
prices. The buyer was believed to be a large U.S.-based player that made the
move as part of an option strategy. A featured buyer making an order of more
than 500 lots often can strongly sway prices.
"Everybody is looking at next week's number and lots think that the number
will be in the 60s because of the weather and people pulling gas from storage,"
said another trader. "Once today's number was out of the way, people were
comfortable buying again."
Another trader said some players took advantage of the opportunity to do
some short covering. "There are a lot of people still short out there from when
gas was trading at higher levels," he said.
Guy Gleichmann, senior account executive for Barkley Financial, was
surprised the market didn't react more negatively, given that the storage data
represents one of the hottest periods of the year.
"This is a very negative number, because a lot of people were expecting a
lower number than last week, especially if this was one of the hottest weeks of
the year," Gleichmann said.
"So, if this is the best we can do, and can only muster a figure of 80, the
question is when we get cooler again, can we start expecting figures of 90 and
above again," he said.
"This is not congruous with the fundamentals. For these prices to hold up,
the buyer is going to have to bring a lot of people along with him, and that
has yet to be seen," Gleichmann added. He speculated that the market might have
a delayed reaction to the bearish number, possibly on Thursday.
"There's a real speculative air bubble in here and I think it has to give
up soon," he added.
Gleichmann pegged $2.80 as support and "fair value" for Sep natural gas.
WEATHER
Cooler weather will move into the northern Plains and Midwest Friday and
this weekend. As a result, a significant reduction in cooling fuels will occur.
The cooler conditions also will affect the Northeast by the end of this
weekend.
California and the much of the western U.S. will remain hot into next week.
ABOUT FAIRCHILD INTERNATIONAL
Fairchild International Corporation is a fully-reporting U.S.
publicly-listed company. Besides the California gas project known as the
Coalinga Nose Property, it has a major mineral exploration project
comprising more than 300,000-acres in the Canadian province of Manitoba. The
company's holdings are located in northeastern Manitoba where one of the
world's richest nickel deposits was discovered by Inco Ltd. and where major
mining companies such as DeBeers, BHP, Kennecott and Falconbridge are
actively exploring for diamonds, nickel and Platinum Group Metals.
ABOUT FAIRCHILD INTERNATIONAL
Fairchild International Corporation is a fully-reporting U.S.
publicly-listed company. Besides the California gas project known as the
Coalinga Nose Property, it has a major mineral exploration project
comprising more than 300,000-acres in the Canadian province of Manitoba. The
company's holdings are located in northeastern Manitoba where one of the
world's richest nickel deposits was discovered by Inco Ltd. and where major
mining companies such as DeBeers, BHP, Kennecott and Falconbridge are
actively exploring for diamonds, nickel and Platinum Group Metals.
FRCD NEWS! Up 25%!
http://www.investorshub.com/boards/read_msg.asp?message_id=157749
2desire