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.
ACCM CHART SHOWS LAST WEEKS SELL HAS BEEN ALL BOUGHT UP AND THEN SOME
JUST A TEASER RE SIOR'S FUTURE not trying to pump these guys just IMO simular to what is coming here
http://www.austexoil.com/IRM/Company/ShowPage.aspx/PDFs/1338-76701040/AusTexreportsStrongFlowRatesatBalderHorizontalWell
ONE OTHER THING I LEARNED AS TRUSTEE; IT'S much better & cheeper to keep your mouth shut and if you do open it be very carefull what you say. In the oil industry the same thing goes the really smart companies do not divulge lease chasing activities. They do not want to let on to others where they are looking so as to keep lease prices low. So IMO DAN is a very smart man. It makes sense from that perspective as to why little info is coming out of SIOR. It's a small cap and one asset it does have is it's knowlage of the mississippian oil play. A few ill chosen words from DAN could be bad. I hope the only thing we hear next is about 2 or more drill riggs going into action.BY the way those who recently sold are having those shares accumulated already, see the accm chart.
I'VE BEEN SITTING ON THIS THING since it was .006. If it plays out as it could to 1 TO 4$ a share It will be well worth the wait even if it takes another year.
4 - 8 WEEKS is all it takes to make a producing well in this play. SIOR already has wells that can be reworked with horizontals. Workover times can be even shorter. AUSTEX just drilled one in 4 weeks in the same play start to finish. IMO when they spud, these pps are history in less than 5min. of a trading session.
If you go back and read old posts& sec filings you find out that there have been legal issues to be resolved. Dan's dad dieing etc. What stands out to me is the Wiess? family trust mess. Having served as my families Trustee I can vouch for the length of time it takes to deal with that one especially if one of the benificiaries is trying to get more than they have coming to them. In my state the statute of limitations on a living trust accounting is 3yrs. Just speculating on why he has had to wait out a potentialy bad pill benificiary making legal noise. Which can by the way be extremely costly to the trust assets. Again part fact part speculation on my part. It is the opinion of most here that these issues are put to rest now and the time for the gold to start flowing out of the ground has come.
SO THE WAY TO KILL THEIR SHORTING IS to consistantly place a bid slightly above their's when you buy then there is no margin for them to buy shares short into?
YEP THE FLIPPERS ARE HERE TOO but what holds this in a range IMO is the fundamentals. The leases etc. As soon as they spud one new well it's off to the races and this trading range will be history. I have a little AUSTEX oil who are drilling in the same play. They are in whole hog 2 rigs etc. just announced, the grey shares trade from .10 to .18. and they do not have the # of leases here.
NO WORRIES ACCUMULATION CONTINUES TO ESCALATE even at higher pps.
SIOR does not need sky high oil prices to profit from it's leases. China and others are not slowing down. GM wants to build a CADILLAC plant in CHINA as their gas guzzlers are in high demand there. SUMMER IS here oil prices will hold. If you can add on the dips as others all are.
ACCUMULATION ON A STEADY RISE FOR THE LAST WEEK. WE ARE SEEING A BOTTOM HERE AS ACCUMULATION ACTUALLY RISING WITH JUST A FEW BUYS ON THE ASK. Buyers hitting the ask on the uptick the last day or two. Solid bid support at 100k shares.
IF THIS WERE CHK, but it's a pk so sketchy DD goes with the turf here. DD from guys who have made bank on these I.E.,OEDV... etc. is all your going to get for now. By the time you get info like CHK puts out we will have already gone up huge, and will leave those behind who require better proof of value.
CURRENT WELLS=LEASE HOLDS OLDER VETICALS these older wells were drilled with old school know-how.Most likley any new wells or rework of these old wells will be with the benifit of up to date horizontal methods,which are vastly improved with far more success than even 1 or 2 years ago. They pump a little oil from the wells they have each yr. mainly to just hold the leases. Others are using new tech. all around these leases with good success.
ACCUMULATION UP & holding why would any long want to sell shares before now and the end of 2012? If these guys just even spud 1 well these share prices will be gone forever.
Just people getting impatient giving away their shares for a loss.Accumulation still up so the shares are being picked up immediatly for cheap by others. There are still lots of investors buying this stock.
2.5 MILLION shares bought 30days ago says somebody thinks this puppy is worth some serios coin. Still hanging onto mine for the sales #s revenue #s
ACCUMULATION STILL WAY UP EVEN with the sells today it's just bringing in new investors
100 DAY ACCUMULATION LOOKS AWESOME we are still trending up on accumulation even above when we went to .03c. If you want to buy dont wait to long time is running out.This thing is ready to pop on any trigger
Accumulation says lots of longs here. I say again if we get sales implied in presentation in 30 to 60 days, we blow the roof off PPs
WOW bid support at .014 467k shares the same bidder is on the ask at.05 maybe the drill rig is coming out of the tool shed?
DAN LlOYD Jr.would not risk his very lucrative endevors at CACTUS Drilling for making what is to him chump change right now, a penny stock? But to each his own decision. Now if this were say Exxon you might have a point, errr,, HMM,, NOT. IMO
ACCUMULATION STILL HOLDING NICELY at pps. We are still getting buyers at these levels. With decent sales/revenue etc. this will fly in a blink.
WOW THANKS FOR THE ENCOURAGEMENT I always get a good vibe about SIOR even though investing and emotion are a bad mix. Nice to look at the OEDV 2yr chart and see what could be here soon on SIOR .
SALES/EARNIGS Est. meet expectations and this will go crazy lightning fast. How many malls/hotels etc. are there in the US/Canada etc.? x $25k per unit? Just look at all the dishes you see on these roofs. Now think of a BLDW unit next to them. This could be one of the greatest inventions of our lifetime. There is no competing unit, they hold the patent.I am holding here until I see if they come through with at least some sales etc. If they do I will not be selling.
Ya got my .065's anybody else want to dump some bring it on,once this gets noticed it will be big IMO
Fascinating peak oil explaination by professor at Univ. Colarado @ Bolder
Very interseting take on oil supplys http://finance.yahoo.com/blogs/daily-ticker/don-t-believe-hype-oil-gas-prices-peaking-175444261.html
Oil rigs are in high demand.Even the big boys are scrambling for rigs. Nat gas producers are racing to shore up the revenue by switching to oil plays. Co like this wait in line or give 50 to 80% interest to get a rig drilling. I don't think these guys want to give that much up if they can avoid it.
Thanks Geo I haven't kept up real well with this lately, just didn't know if there was anything new. I think of all I have invested, this is the one I dream about. Seeing all the oil being pulled out all around these leases. Reading about the successes of Range Resources horizontals in this play. I would think with Cactus or whom ever drills for them, new wells have a much greater chance of producing because of the new techniques being discoverd every day.
? ARE WE STILL WITH THE SAME DRILLING time EST.? Between now and end of 2012?
SREET SWEEPER ARTICLE OUT FYI I'm out and have no position on snpk
thestreetsweeper.org/undersurveillance/Sunpeaks__SNPK___Will_This_Hot_Stock_Go_up_in_Flames_
WOHOO JUST picked up 20k@.015
WOW LOTS MM PILEING ON THE BID' BIG MOVE UP EOD?
VERT still at 1.50 ask and hasn't sold a share below that
Again thanks for your input. Ya I had simular take on the day. It seems to me we see some have their exit goals and get out then others buy on the dip it makes. So far the retail buyers have been stepping in to overcome the selling. The mm are still in the game with a bid that closely follows the ask. Can't complain with the percentage gain we had holding up through the close.
YEP WATCHED HIM BUY ALL DAY, THE OTHER MM WERE BUYING/LOADING RIGHT INTO CLOSE I DONT REMBER VERT SELLING MUCH EITHER
AUTO & NITE STILL BUYING
Usual quiet time but they keep slappimg the ask no let up @ the 14:00 hr
w'co just buying up shares ask still 2.48 v'rt too his ask 1.40
W#DCO ask @2.48
Thanks appreciate your perspective. The pps action here with the slow rise may make it easyer to pick an exit that each one feels comfortable with