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Re: Screaming Eagle for president in 2011. I and all of us respectable shareholders will vote for you. Sincerely yours, KB.
This is kind of embarrasing but I will confess that I do all kind of research on ceos whenever I am doing investing to make sure for my own peace of mind everything looks good, so I called his home town and called the building department to see if he and his wife had any building permits in the works. FOUND NONE. Hes spent the money on debt, as sreaming eagle found out a few weeks ago, Sincerely KB
I like the fact that eagle has no debt at this point, and Brian is trying to upright the ship. I talked to the rework company owner who did the reworks 3 years ago before the banking collapse and oil prices fell to $35. He told me that those wells are perfectly good and just need someone to start in on them. He also told me that in the last several years that Brian has learned a lot about the oil bussiness and he has come a long ways. He also said he owns shares of the company and says he wouldnt think of selling his shares. I dont know how active he still is in the rework bussiness, but at any rate hes optimistic about the forward motion of the company. Brian is fortunate to have eliminated debt and found a company like nitro to rework for profits from oil sales. This does give a good vote for the quality of the wells and the future of the field. Sincerely yours, KB.
Agreed, Its the real deal if it holds anchor in the storm, KB.
Well, I hope you hit a field goal as your kicking it. With your skills, knowledge and abilitys it would be a chip shot. Of course its very possible Nitro will nail the uprights too. Also its a large field, maybe they have room for a second player. It would force Nitro into showing how good they might be. If they arent as efficient or quality oriented as you, you would have that kicking foot in chip shot range. Sincerely yours, KB.
Eagle I would support you as a candidate for president. What if say 1/2 dozen of us investors pooled together,out Brian for a couple hundred thousand and buyout the stock for a reasonable amount. ??? Sincerely yours, KB.
Sify is very hot and is the leader over Redf. Redf appears to have more debt and doesnt appear to have the commercial bussiness infrastructure Sify has. Therefore it may lag behind in percentage. But Redf has very attractive user app content in areas, which is why the institutionals are loading both companys. I could see sify at $10-20. inside a year if the bull market we're in doesnt let the wheels off and keeps backing and filling up to 13-14K. Good luck., KB. "My opinion only"
Ditto: ouch.
Cont. reply: Also you can refine the time length more accurately by subtracting the estimated amount of panic selling. Usually smaller block trades. If you are trying to pick the bottom you will want to start buying into your position within the last 3-5 days before the estimated end date of share liquidation approaches. Otherwise you can see the potential of the share price running away from you rather quickly, especially if your looking to take a large position. My estimator showed that the end date would close in on this week. One thing it does is give you pscycological holding power, because you can base your decisions on numerical facts instead of emotion. This can make you a lot of money. As I mentioned, the last guests at a fire sale party stand to benefit much more substantially. Not withstanding there can be frustration if you have to adjust your indicators to the fear factor or addittional share offerings not factored into the model, which I dont see at this time. You do need a good chart program to pull data you need and a calculator, thats it. I first used this model about 15 years ago, after I found an offshore investor was cashing in all their shares in a company I'd been watching. It predicted the bottom to the exact day. 100% in 5 days is nice. Also when startup companys need cash, especially biotechs, example watch: ASTM astromm biosciences projected a few months ago that their cash flow would hold out till the end of june. So as they did last fall when they sold 10 million shares in a private placement, they will have to do again. Insiders know this, therefore when the huge rally happens again, if your long flip those shares or take a short position on the heels of the shorts, because very shortly (pun intended) they will be buying back all their shares on the day of dilution, and they will have cashed all the longs off the table. Hope this helps, It took some painful experiences to see the value in knowing what I had'nt been seeing. Sincerely yours, KB.
If you you know the amount of shares any stock that is going to issue shares for debt to shareholders and not a private placement, simply divide the total amount of shares knowing to be issued by the sell volume of the daily average during a 4 to 7 day period of time once shares have started to be issued, you can revise the total number of days to shorten the period as the stock drops. There is your estimator. KB
It means eagle is almost done bottoming, it also means ironically that the last guests to the fire sale party make the most percentage gains in their trade. Sincerely yours, KB.
Addittionally I like the fact that the 30 day momentum chart has started trending positive, and the positive break line will coincide with the this bottom, everything staying within the same parameters. Factor in any news and away she goes, no news at all and I wouldnt be surprised to see .022-.028 immediately. Also reiterating the fact that debt is an important issue to deal with shows inside confidence to be nicely profitable with oil at these prices. Otherwise why spend the money if there is no reward. Sincerely yours, KB.
5 to 9 million.
Good point, that would mute the effect of potential threat of china intervening in xing ability to sell metals out of town, by calling them domestic resources.
The trend is your friend, and its nice to see the higher support rsi holding steady for the next leg up. Sincerely yours, KB.
yes, I cashed a double and am waiting for another trade to meet my requirements. Thanks, KB.
Yes I went to the old eagle enviromental technologys site and found the archived meeting reports on the possible site that was found to hold potential oil. Also a wall street friend of Screaming eagle gave him info a couple weeks ago on 500K of their 800K debt has been taken care of in the last couple of months and 40 mill. shares were floated through the manhattan exchange, (thankyou screaming eagle), and based on the time estimates it took to achieve that and adjusting the stock price for the balance left to cover at that rate, I estimated that eagle should be out of debt within the next 7 to 14 business days. Mind you these are estimates only, and I feel in my opinion they are close. I have successfully targeted right to the day, the time a stock has bottomed using this technique based on a running average of shares known to be in a state of liquidation at a certain average price divided up to a certain point in time by the daily volume, plus factoring the percentage of shares sold by nervous investors who bought a bit high with too little conviction to ride it out and shake out. Either way I like the fact as investors we dont feel like we will get run over at this price, warranting the potential upside waiting, and are comfortable picking up more shares at this price, and the fact Brian is taking care of this business before the good news comes out, to reward his holders. Hope this helps. Sincerely yours, KB.
Thankfully Eagle debt is almost paid off. Even though at the cost of some dilution, Its very positive for the company, and Brian wouldnt be doing it unless it was worthwhile and some positive outcome is the result. Otherwise he'd go on a vacation instead of working out all these details to get the race car on the track like he is. Brian also has inside information on this field from working for standard oil for 18 years. He knows the potential for a gusher in a section of this lease that wasnt drilled or known about till modern technology came along, and coupled with the fact that reworks on these existing wells that contain light sweet are some of the easier wells to achieve excellent production with this newer rework technology. This is why nitro is here and they are intelligent businessmen that arent going to waste time on a low yield project. With oil prices where they are a lot of money will be made by the industrious. Sincerely yours, KB.
RE:Screaming eagle last post.
Windough shopper: Glad you were calling your old friends, I look at the shares traded in the last two months and guess that there arent that many shares left to unload if any. The price went up subtantially the other day on fairly low volume, which makes consolidating quicker from this point, and Im glad he paid off debt. He learned the benefits of that with the banks he was on board with years ago. Sincerely yours, KB.
Screaming Eagle: Thanks for the info on shares. I did have a question in the back of my mind about the exact figure. Sincerely KB
Must read previous post!!!!!!!
We dont know for a fact that Mr. wilmont has even sold stock. After talking with him last week he didnt sound like he was in a position that he even had to. His comment to me was that "I dont want to give the house away", referring to the negotiations that hes been working on for weeks. He's very confident about the geo work showing 500 million dollars of "recoverable oil". All the wells are in, the storage tanks ,roads, and all needed infrastucture to make money. Once Nitro gets texas permits signed off, the tankers can start driving in. The 800K debt is pocket change. Do the math and see why. 5 wells are already to pump, add another 10 with Nitros 1st round = 15 wells X 8 barrels per day= 120 barrels per day X $101.per Barrel= $12,120.per day X 365 days= $4,423,800. per year minus 22% royalty of $973,236. leaves a pie worth $3,450,564.00. Additionally add a conservative 100 more wells and you get a nice number of $26,454,323.00 per year. If I were Mr. Wilmont I would have all my freinds and family members buy stock, take 5 million a year to pay a dividend to the stockholders of 32 million shares, which would easily raise the stock price to $1.56 a share with the dividend set at 10%. Then issue myself preferred shares with a dividend and preferred shares available for further bargaining or simply buy some more leases to develop or invest into a basket of low risk dividend paying stocks like altria group and sell out of the money calls every month of the year that will expire worthless but together would generate 12 to 15% more income per year. After a few years with these proceeds the dividend could be doubled and the stock would then double to $3.00 a share with a dividend at 10%. You still would have at least $10,000,000.00 a year to light sweet Havana cigars with for the next 40 years. Then I would get the company listed on the nasdaq. Incidentally the stock wont take long to consolidate and shake out down here, the very few sellers left makes ready for a good run up. Have a nice day, Sincerely yours KB.
I wonder if Howard and Liberty had a strategic dinner together last month. The conspiracy theorist, KB.
I have been wrong before, and I underestimated the possibility that a multi billionaire has unlimited ways to very carefully put analysts into the vest pocket, hence downgrades make it very cheap to buy stock for a takeover. Sometimes things are done that nothing explains as well as the ticker, the volume, and the downgrades, no conspiracy theory may be needed here. KB.
Thats a worthy thought to consider. KB.
Is it possible that the longer it takes to get,(A)one texas state licensed saltwater well pump company,(B)one texas state licensed oil p&up & delivery tanker company,(C)one texas state licensed well maintenance company,(D)and one debtor to finalize a contract of their pooled resources with each of their respective lawyers communicating with each other till everybody is happy to sign the dotted line,...that the fear factor rules, where the weakest holders always shake out cheap shares for those who can afford to wait and buy more if they choose to. The volume of shares (may?) indicate small individual investors going into impatient panic mode. Granted when you do see that start to happen its not a bad time to sell and buyback later if your not already bottom fishing. I took a position at more than .03 from here, but saw weakness and liquidated, & broke even to buy back down here. Its a better holding pshycology to double your leverage. But you could be right and I may have missed it. Normally I like buy after momentum has absolutely changed, but penny stocks are like a guided missile and they can move so fast on the uptick that you cant even grab on to the fins as they take off. I do admit I have never liked being on the side of a stuckholder in this game. Sincerely yours, KB.
The why is best not answered if , but when? Fairly soon. This is not a small field, there are a lot of wells and lot money to be spent, and 500 million dollars of real recoverable oil. The geo team is for real. thats why its taken up till now till hammer out all the details. Its being done right. You wont be disappointed.!!!
I talked to Brian last week. He is working very hard on this project, and its going well. The agreement is close to being completed. No one , absolutely no one will be disappointed with the outcome of this finalized agreement. It will be very good and everyone involved will make money. Brian is a good example of an old school type business person, and gains the trust of those he works with. I wish there more like him. I like his track record and ethics in business over the years. Have a great day,Sincerely yours KB.
I hope your right, I know there is potential, especially with oil prices where they are. All business contracts take a lot of time, thought, planning and patience which is the hardest asset to find for most. No one wants to walk away from the table with buyers remorse, hence the necessary above geo-groundwork. Thanks for your reply, KB.
Don't mean to rain on the party, but its going to take a huge commitment from an operator to get this field up and running , since only 4 wells produce oil right now. Only another 100 have possible potential after complying with state laws for pumping fresh saltwater into all the wells, upgrades, repairs and maintenance. Which is why the last partty took their option to bail out. And more than 6 months to wait at least.
The recent bottom on profit taking landed squarely above the uptrending rsi, and with very heavy buying as strong support. Very bullish for the next leg up.
I couldnt agree more, this last week sify just touched through its 10 year rsi +. Below that is a long curve moving upward. Also the foreign investmentment funds left sify alone when they started taking profits a little while back. Theres a vote of confidence everyone but short sellers will like.
we should remember how erratic fear makes many traders react.
More good news, insiders are selling virtually none of their shares,and SIRI is in the middle of breaking its 10 year rsi into + territory.
might need time to consolidate.
Sify just broke into its 10 year rsi this week. Thank you David Nishball.
I could'nt agree more. This is precisely the reason that almost all of the insiders have kept around 95% of their stock holdings in the company, look at todays report of Vickers insider trading chronology. you will see that a substantial number, around 75% have have sold no more than 1.8% to 7.0% percent of their holdings, with at least 50% under 5.0%, with most of the individuals owning well over 1 million shares That is a statement of things to come. This also explains why the accumulation distribution line keeps holding strong and trending up in spite of profit taking in any selloffs,including todays. If that isn't convincing enough look at report by ford equity research on broadcasting (group7). Have fun during the runup to buyout time here in the very near future. It doesnt matter if its Liberty or not, they recognize a bargain when they see it and are'nt going to wait till its out of their reach when subscriber growth has reached 25 to 35 million and with a chance at same time for the fcc to grant a small increase in subscription rates to keep up with inflation.