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MackG....well if the players have their thinking caps on, a very successful phase 1 announcement ought to be worth at least a double in share price in just a matter of days. A pill that delivers B to the right spot in the colon is truly a big deal,imo.
With out news , i think it will close tomorrow between .08 and .09 cents.
With news maybe 10 cents. JMO!!!
Yes!!!! The truth is the last trade was not 100 shares but a 5300 share buy 24 seconds before the close.
cpac....I agree you and others have been following MMTIF for a much longer time than i have followed the company. The early years of MMTIF existence were very unfocused. But that changed when Chevron got involved. The development of products for the oil and gas companies has been very focused while being a very slow and deliberate approach. That is just the way Chevron has always done things. It is also the method to use to develop a very useful product and is also the reason the other oil and gas companies backed off and let Chevron lead. And the other companies will use the product after Chevron validates the product by using it. And Chevrons interest and commitment to the development of the Oil and Gas AROMA products is why we have bought millions of shares and are awaiting further developments......
The last PR about the Romgaz Q and A did indicate the testing was finished [it lasted several months], and the testing would lead to Chevron using the product[s]. All JMO!!!
LMLT..you are welcome.
cpac...You are correct. You and others have been invested much longer than i have. However as i have said many times the early years were very unfocused activity. But that changed when Chevron became involved with a very focused approach in the oil and gas industry. People can complain about how long the process has taken with the Chevron product. Those complainers do not understand how Chevron operates.....SLOOOOWLY!!! They are very careful but their method is also very successful, and that is why the other major oil and gas companies let Chevron take the lead and will buy the product AFTER Chevron acts to roll out the AROMA units. JMO!!!
Oil majors have boosted demand for floating drilling units as deepwater drilling takes off, according to Rystad Energy.
The independent energy research and business intelligence company revealed that demand from the world’s top oil companies for these units has climbed steadily in the past two years and noted that it’s set to rise further through 2020 and 2021 as majors “step up” development and exploration activity in deepwater basins.
Floater demand surged from around 50 contract years in 2010 to peak at about 80 contract years in 2014, according to Rystad, which highlighted that the oil-price slump caused majors to scale back floater contract commitments to less than 35 contract years in 2017.
Since then, ExxonMobil, Shell, BP, Chevron, Total and Eni have steadily increased deepwater contracting activity, having added almost 10 contract years since 2017, Rystad revealed.
Last month, Rystad’s head of upstream research, Espen Erlingsen, said telltale signs have emerged that we are entering a new offshore investment cycle.
“This trend was perhaps illustrated most profoundly by the rising swell of offshore project approval activity by operators in 2019,” Erlingsen added in a company statement released in January.
Erlingsen also highlighted that global public E&P company offshore free cash flow in 2019 was the third best year on record at nearly $90 billion.
This figure reached $107.6 billion in 2018 and $53.9 billion in 2017, $2.3 billion in 2016, -$14.6 billion in 2015, $27.4 billion in 2014, $33.5 billion in 2013, $59.1 billion in 2012, $92.3 billion in 2011 and $61.2 billion in 2010, according to Rystad data.
Total offshore capital expenditure grew by five percent last year versus 2018, with a seven percent rise in deepwater spending and a three percent boost in investments on the continental shelf, Erlingsen noted.
“For 2020, offshore investments are on track to grow eight percent, with deepwater up 12 percent and shelf spending up two percent,” Erlingsen stated.
In September last year, Rystad stated that the UK offshore scene is poised for a timely comeback.
Rystad, which traces its roots back to 2004, provides data, tools, analytics and consultancy services to clients exposed to the energy industry across the globe. The company is headquartered in Oslo, Norway, and has offices in Houston, Singapore, London, New York, Sydney, Moscow, Stavanger, Rio de Janeiro, Tokyo, Dubai and Bangalore.
To contact the author, email andreas.exarheas@rigzone.com
Shares up 9% the last two days ....over 4% each day. Buying on bids last two days.
Below is the exact quote from the MMTIF Sept. MD and A.
" Whereas we have previously reported that we anticipated commercial revenues from the sale of this technology to Chevron in 2019, we now expect that Chevron’s plans on commercialization will be finalized towards the end of calendar 2019. On that basis, we anticipate commercial sales with Chevron to be realized commencing in calendar 2020."
If one reads it carefully it has not been wrong YET. Sales to Chevron in calendar 2020 is what it says. We are waiting on that roll out of dales to Chevron, imo. When that happens it will be material and will surly be announced. also JMO!~!!!
"paltry initial" That is not what it will be at all. Significant numbers and cash flow are not paltry, JMO!!!
Well,well....do tell....ended up 4%.
Dud.....Dump it all!!!
My guess is the phase 1 data will be very good. Share prices will respond too the buying unleashed by the good news. JMO!!!
Dud....And when did you learn #2 is the best course of action?
irule.....Welcome to the board.....Question...What do you think is the potential for the share price? Noticed you said in an earlier post you have a position in MMTIF.
I wonder which is more important:
1. Understanding the long process to get to market with a huge potential sales and profitable drug?
Or
2. being most correct on the short term price movements of the share price?
I know which i would choose.
Nightdaytrader.....Are you trading in the dark? KOSMOS share price has not been very robust for some time. JMO!!!
Here is a very interesting Article:
Top Story
1. Putting buybacks on hold, Pfizer’s CEO is plotting a string of important PhII deals in the year ahead. You’ve been alerted
Pfizer shares took a beating on Tuesday, dropping 5% as investors found out that the pharma giant fell short on revenue projections and wouldn’t be riding to the rescue with their usual campaign of buybacks.
So what gives? Buybacks have been part of the culture at the company for years.
Pfizer CEO Albert Bourla, who’s been steering the company to a leaner, meaner biopharma outfit shorn of its consumer ops, is taking that buyback money — in part — and handing it to the BD team to do a string of mid-stage development deals as they line up a string of shots on goal.
The strategy here is centered on volume. Bourla wants his R&D group to go after a string of the ever-popular bolt-on deals that gives them a chance to put potential blockbusters in registrational studies. And he expects a healthy number of these to be blockbusters.
BooDog....I agree with both points.
To try to clear up the confusion caused by my post earlier, let me try another approach. If the phase 1 on the pill was a failure and the company knows they will have to announce that it was, would the company be stepping up the efforts to use LW to get a deal done on OM at this very time.
I don't think so. I think they are trying to build a sense of forward progress and momentum, and that means we will see a pr soon on the success of the phase 1.
JT.....No i am not confusing anything. I am simply saying the company management probably already knows the phase 1 on the pill was very successful and therefore were stepping up the efforts on OM licensing.
With some cash flow from OM licensing, the company could probably conduct a Phase 2 with the pill, and if successful build tremendous value.
dunn....." Why would today's PR be needed if a deal was close?" i did not say this at all; so i don;t know what you are talking about.
steelyeye....I believe today's PR is a sign that the oral dosing results have proved the pill hit it's target with full effect. So now IPIX can license out OM and gear up a phase 2 for the bigger markets with the oral dose. I except phase 1 dosing results right away .....Like Monday or so.
GoM: Kosmos Energy's Oldfield exploration well disappoints
Kosmos Energy and Hess have completed drilling the Oldfield exploration well in the U.S. Gulf of Mexico. Oldfield was designed to test a sub-salt Miocene prospect located in Mississippi Canyon. The well did not encounter commercial quantities of hydrocarbons and will be plugged and abandoned.
My Comment:
This is not their only recent failure. Maybe they will now be more apt to work with Total on EEZ block 4.
Does anyone know anything about this workshop?
https://www.spe.org/events/en/2020/workshop/20aga3/multiphase-wet-gas-flow-measurements-in-conventional-unconventional-data-driven-environment
Vela.....Ok by me.....Carry on!!!
Total and Tullow Look to Offload Kenya Holdings
Monday, January 27, 2020
According to reports, Irish independent Tullow Oil and French major Total are looking to sell off their stakes in Kenya’s South Lokichar Basin oil fields. The commercial phase of the project was expected to begin later this year, leading to first oil in 2022.
Last year Tullow indicated it was looking to reduce its stake in the fields by 20%-50%, but since its disappointing results in Guyana and ongoing problems at its Ghana operations, the company’s share price has tumbled and it is now looking to offload the entire operation. Total on the other hand, is looking to sell up to half of it’s 25% holding.
According to Reuters sources, the companies have retained Natixis to run the joint sale process for Blocks 10 BA, 10 BB and 13T in the South Lokichar Basin.
Earlier this month, Tullow suspended the trucking of Turkana crude oil citing severe damages by adverse weather conditions that were experienced in Q4 2019. “The early oil pilot scheme (EOPS) remains on hold until all roads are repaired … Work at the sites continues, with Joint Venture Partners and the Government of Kenya to progress the development project,” read a company statement mid-January.
racer...Welcome...I also am looking for good things to come.
racerdave42.....Welcome to this Message Board. MMTIF now consolidating previous breakout....More upside to come,imo.
Dud..."tough open on tap for IPIX." Come on Dud....we need the price down so we can buy......Geeze!!!
dud.....It is a gift to those who have not bought years ago [too soon]. Thanks for helping us out.
MMTIF....More than a double this month....a golden cross....and more to come. Big News coming,JMO!!!
Golden Cross....MMTIF has a golden cross this week...Check it out.
Golden Cross....MMTIF had a golden cross this week. Check it out.
Osamede Okhomina, CEO of ADM Energy, commented:
'I joined ADM because I have long recognised the value that could be created by structuring oil and gas opportunities through public markets. The Company has set out a clear strategy based on the strength of our existing asset base and our team's ability to identify additional undervalued investments. As a country, Nigeria represents a compelling value proposition for investors. It is a buyer's market, with many of the oil majors embarking on significant divestment programmes. This opens up an opportunity for companies that have the local contacts, experience and financing options to acquire assets at very attractive prices. Consequently, we are very much looking forward to an exciting 2020 for ADM and hope to have an active deal flow to accelerate our growth.'
Original article link
Source: ADM Energy
https://www.energy-pedia.com/news/nigeria/adm-energy-to-increase-its-investment-portfolio-cross-nigeria-and-west-africa-178616
MMTIF....Good trading day yesterday in Canada.....Up 2 cents...25+ %. 225,000 shares Hope that continues today.
Seek and you will find, ask and it will be given.
This is important because of the link to UPS:
Shares of Tracon Pharmaceuticals Inc. were up 29% in premarket trading on Friday after the company said it would partner with two Chinese companies to develop its investigational soft tissue sarcoma therapy in North America. The partner companies are 3D Medicines Co. Ltd. and Jiangsu Alphamab Biopharmaceuticals Co. Ltd., both privately held. Tracon will commercialize the treatment, envafolimab, in North America if it's approved. The company said it expects to launch the pivotal trial for envafolimab in the U.S. early next year. "Given the activity of other PD-1 and PD-L1 inhibitors in sarcoma, we believe a registration enabling study of envafolimab in the sarcoma subtype of UPS will be meaningful to patients and providers," Charles Theuer, Tracon's president and CEO, said in a news release. Tracon's stock is down 60% year-to-date. The S&P 500 is up 27%.
Here is a comment that applies to this subject:
This immune checkpoint could be a new target against cancer,
autoimmune diseases
Thursday, January 16, 2020
Inhibitors against PD-1 and CTLA-4 have become well-established anti-cancer treatments. Now, a research team led by Dartmouth College suggests another immune checkpoint, which acts as a “brake” on naive T cells' activation, could also serve as a therapeutic target for cancer and autoimmune diseases.
MMTIF more than a double this week.. Next week do it again....Check the chart.
MMTIF more than a double this week.. Next week do it again....Check the chart.