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.
I almost want them to wait myself... while I do have a decent chunk of this stock already, I won't have any more cash to add for at least a few weeks :(
anyway, thanks for the input, it's appreciated ;)
I don't know...
As far as I can tell the recent company posting about the first full truck of skimmed oil was perhaps seen negatively due to the amount of time it took to fill that truck. There was no mention of when they started the skimming process though, so it's hard to really draw any conclusions from it. They did say that they did not start skimming immediately, and also that their return rate on the skimming started out lower than average, but it is expected to increase. Also, news has been slower than normal which could also be taken as a bad sign.
Personally, I'm not worried about the long term, so I continue to hold, and occasionally add at the lower levels.
These shares were, I believe, sold as an "additional offering". The company has a certain number of shares allocated to offer, and they did not sell all of these whenever they IPO'd. They have the ability to offer the remaining shares in the future, which it appears they have done. They may still have more shares available even after this, I haven't checked. They are not sold on the open market. like an IPO they are sold to trading houses and market makers and banks and so on who can then re-sell them to the public at a future date. The transactions will be listed somewhere, but they will not show up in normal trading volumes that your broker shows.
what recent activity?
your quote is from 2 years ago...?
I saw the "picture" post he made with the data, it clearly says Price/Book 9.78x
seems pretty clear to me that it's not $9.78 pps
anyway, the larger point is, if you're going to invest money into a stock you should probably look up what these numbers actually are before you go tossing up posts that seem to imply the stock is horroibly undervalued by something like 150x
If oyu want a stock currently trading at < book value ( a /very/ rare item by the way ) have a look at GSFVF
That person "wise1man" seems to think the book value is in dollars, it's a ratio... the current price is 9.78 TIMES the book value per share...
it's not a book value OF $9.78.
actual book value is something like 6 or 7 cents...
I don't understand how someone can invest their own money in a stock without knowing that sort of thing...
err... where are you getting a book value of $9.78 per share???
that's insane, do you know what a price/book ratio IS??
a full tanker truck holds ~200 barrels of oil.
at .25 - .5% of recovered water -> oil conversion that's 40 -> 80k barrels of salt water disposed of by Jan 10th. ( they are not getting this rate now, they expect to in the future though )
on January 10th the WTI crude price was $93.82, the PR says they sold at a discount from that..
the full tanker of oil at say $85 is: ~ $17k
it took them 4 months to get that full truck ( since opening ) but again, they are not getting the expected .25 -> .5% of recovery, if we take a stab at say .1% ( average ) since opening... that's something in the range of 200,000 barels of water disposed of. at .75 each that's 150k. This number could easily be off by several hundred percent though,. There just isn't any way to really calculate it from the information given, maybe that truck was completely filled in a month, not 3, I just don't know...
150k + the 17k from the truck is 167k / 4 is 41k/month in revenue.
which is half a mil a year. that's not much, but again, these are early numbers, mostly guesswork, and during their start-up of operations, and , i think, very conservative... so, one could read that as /at least/ half a mil a year, and growing.
If they make future announcements about their oil recovery rate, or number of trucks fulled, etc... better estimates can be guessed at.
any comments?
I'm looking to hold long-term anyway... are you in for the same? or are you hoping for a large bump and then sell type of scenario?
I also bought some in some of my familys accounts ( at lower prices ~ .63- .65) for the same long-term hold strategy...
I think the drug has enough potential that it's worth the risk... and the positions are small enough ( percentage wise ) that it's OK ( although not desirable ) should it tank...
I hope so, I bought another chunk at .75 based on the chart at that point... ( last week ) I thought it was about to scream...
Is IPRC directly involved in these wells that NTOG is currently drilling? It would be nice if Imperial would put out some more information about the production of these wells, there hasn't been a single piece of news out of IPRC since November... ( almost 2 months now )..
I wonder if they sold that interest and bought something else in the same area, there is no mention of the Chisholm Trail parcel on their site. All I can find is this:
Oklahoma Resource Play Prospect - Potential "Company Maker"
Imperial has agreements in place to take a 90% working interest participation in this major resource play in Oklahoma.
In January 2012 Imperial elected to sell its acreage position arising from a 50% working interest in an Area of Mutual Interest (AMI) in the Oklahoma play, booking around a 250% profit on its acreage costs in process.
Encouraged by its operating partner’s success in analogous wells in the play (Imperial has a nominal working interest in a key Test Well so as to gain access to the optimized fracture protocol) and the proven potential for leasing value uplift profits, Imperial has entered into an expanded AMI elsewhere in the same Resource play with its established partner.
The new 2012 AMI agreement provides for leasing within a designated 144 square mile area of land. The Company believes the geology analogous to the original AMI, with possible better secondary target formations. Imperial will own 90%, (rather than 50% as per the original AMI) of the oil and gas leases purchased.
Infrastructure is already in place, engineering risks are minimized: the formation is of relatively low pressure with shallow drill depths and reasonable length lateral well bores.
100 shares? at .73? eh... who cares ;)
Lairdy? you sold out? at what price? and at what price did you buy in? and when?
I'm glad I /didn't/ get into this one... I have been watching it day to day...
also, I would have probably sold at the 60-80%+ mark, which I presume, is what others did, and what killed the whole deal, but why wouldn't you? isn;t anything else being "too" greedy?
I think you've been had.. or perhaps you've been the causwe ( or one of the causes ) of others having been had?
Is there anyone who /was/ pushing this, on this, or other boards, who is conspicuously silent now? not that not being silent means anything, because, maybe they intend to try again... or maybe they actually care about their "rep" as it were. Anyway, /anyone/ who pushed this blatant piece of market manipulation trash is now suspect in my book... Doesn;t mean they're "bad" or were deliberately manipulating people, but well.. I guess "suspect" is a good word to use... treat with caution... etc...
I'll continue to attempt my longer term buy and hold strategies with undervalued companies, and leave this sort of "double in a few days or a week!" crap to others... I made 50% on IPRC in the last week, and am still holding all but about 15% of my previous shares ( I had to do some small amount of profit taking at +60%, gladf I dodn;t blow those profits on this trash )... anyway, are you all just asshole criminal shiesters? or did you really think that this stock could gain and maintain a large gain for the long term?
how long would you have held at +100 or +200% anyway?? really? are you buying a company? or a ticker???
No, I tried to, but apparently TD is making me wait for my last sale to clear...
I have various lots of IPRC from about .20 down to .065. ( average .12 or so ) I have some at .085 and some at .1001 and various above that... I was thinking of maybe selling the .065 lot at +20% or so and trying something else with it, maybe this one, maybe something else... what else have you got? and of these 2 ( or others you may choose to include ) which do you think is the best bet for January? I have plenty more IPRC that I intend to hold for some time... I also have some ANTH ( at .59! ) and some GSFVF at ~ 1.50...
with my IPRC up from .065 I was thinking of maybe selling some/all of my lowest position in that stock ( at +20% ) and maybe getting in on some of this action... should I? any thoughts? ;)
I haven't paid "much" attention to their prospective land holdings, I've been basing my purchases on expected revenues from the disposal well. Anything else ( and I certainly hope there is something to that "else" ) is gravy to me. I think this company can make decent profits on the well alone... Would you please consider cross-posting any information you do receive on these other projects here? Should something come across your desk though? We would certainly appreciate it ;)
Well, I didn't, because I have a lot at .065 already ( bought last Thurs.. ) did you pick some up today? and, if so, what signal would you be looking for for a sell? and would you post it here if it "hits"?
Either their SWDF produces positive cash flow, or it doesn't... there's a gamble there, but I think a reasonable one... it may well go the way of KOG, in which case, we'll all be smiling pretty after a few years... I am hoping something happens much sooner than that, but I wouldn't mind holding my shares for a few years if it starts to produce results, if that's what it takes. how much DD did you do on this co.? any comments on the points I made in my previous posts? I am very curious to see if I'm even remotely right on my guesses and considerations... Also, how did your KOG trade go? I presume you made some money, but was it huge? and was that trade based on just sentiment or gut? or something more concrete?
I did that $0.14 calc. I have no idea how useful it was/is, or how accurate. I was, at the time, simply attempting to justify a purchase I made at $0.141 using what I thought was relevant information from various sources ( press releases, this and other boards, etc.. ).
I have been buying more throughout the drop, most recently acquiring another chunk yesterday at .065. I also have chunks at .085 and .1003. I started investing in this company in the very low .20 range, have bought and sold a few positions since, which, when those profits and 1 loss are accounted for brings my cost average to just above 12 cents overall.
At /maximum/ daily capacity, revenues could be around 3mil a year. ( that's 15,000 barrels/day at $0.60 ea. * 365 days ) I don't know what profits on that would likely be though. With a market cap of 3mil at $0.07 though, it seems cheap to me? This is, of course, assuming that they are getting significant disposal business, the addition of the second offloading pump was an indicater that they are /probably/ getting business, but how much? They also claim that the area is in need of a lot of more convenient disposal sites ( which theirs, apparently is. Is it actually though? ) Also, what are they actually charging per barrel? what are the skim rates? etc...). How long will it take to achieve capacity? When are they going to pursue a larger dispoal license? Their releases indicate they have a license for up to 15,000 barrels /day which is what the previous calculations were based on. They claim they can apply for, and likely get, an increased license for 30,000 barrels/day ( after 6 months of operation ), which could be as much as 6mil/year in revenue. I would like to see a press release concerning their current level of business, or barring that even just something that says everything is going smoothly with no problems so far. In the future I hope to see a press release about the filed application for the increased license ( and then a subsequent one for it's approval ).
There's a lot of "if's" here, and some info on any of the above, or more/better information on my previous calculations would certainly be helpful and appreciated.
It appears their last quarterly was released in mid/late November, so, barring any press releases from the company, we may not get any info until about the same time in February...
The subsequent one after that ( May ) will be released after the 6 month period has passed since opening in September.
Regardless of all of that, this price range seems ridiculiously low to me lately, which is why I bought some more yesterday. Hopefully, we'll see a significant spike on any reasonable news whatsoever. The company ( principals, or the company itself, I'm not sure ) had been dumping some amount of stock in the past to fund operations. I presume ( hope? ) that this is no longer needed due to presumed disposal well revenues, and it occurs to me that they may even be being deliberately quiet so they can buy back some of those shares at these lower prices... but that's just a hunch ( or perhaps a hope ;) )
Anyway, if anyone should have the time or the inclination, it would be /very/ useful to know what the going rates for disposal of fracking wastewater per barrel are in that area, along with any information regarding the profit ratios on same. This company also has loans to pay off that require pretty hefty payments based on revenue ( 80% I believe ) until paid in full, or the creditor takes the remainder out in stock. This will eat into profits for a bit, but by how much? For how long? I don't know...
I still think it's a good long term ( but /very/ speculative ) play.
Thanks for the responses, It just helps ( psychologically ) to hear the opinions of others when your stock is doing a short term slide... at least I have my ANTH to keep me positive in the short term ;)
When do you guys expect to see a flip from negative to positive earnings? And here, I think it would/could happen fairly soon except they have these loan contracts that require a massive percentage of revenues to be paid out immediately ( 80% i believe it was ). It seems that it could take up to a year or so at maximum SWDF capacity to become debt free on it. How much can they really afford to spend on development of other properties with such a massive diversion of funds to loan repayments?
The upper 1.20's/lower 1.30's seems to be holding pretty well... are we at bottom here? is it all up/gravy from here on out?
being this deep in the hole I'm a bit worried here... ( started buying around $3, cost average close to $2 ) I know others are probably far worse off...
This stock seems to periodically bottom out in the 10-12 cent range... we're at 11.6 now... are new ( lower ) bottoms in sight? Or is this just a buying opportunity? The volume has been kindof low lately, so maybe it's just all scatter... but.. I'm getting a bit worried here. I posted some thoughts a bit ago about why I thought the stock was reasonable at .14 and possibly even worth more than that ( I hope so, my cost average is closer to .17! )
Having done some math related to the expected ( and likely ) revenues from the water disposal operation, and having ignored all the other opportunities this company has, well, what am I missing? it seems a steal to me at the current price... am I nuts? ;)
I don't mind sitting on my shares long term, and probably will barring any reason to dump them, but, at the same time, I don't want to see it languish at < .10 for any period of time either...
There have been several spikes over the past year or so, but knowing that some ( or all ? ) of these were precipitated by market manipulation and marketing programs, well, I wonder if maybe we have been had here to some extent...
some news from the co. about the waste disposal volume would be good about now... They previously claimed to have hit "profitability" with their volume, but no numbers have been seen... when is the next Q report due anyway? I would expect to seem some positive numbers on it...
So, I've been following this board for oh, a month or so.. I have some ANTH ( recently acquired, cost average of about .66 ) I also purchased some for some relatives accounts at varying cost averages ( one is about .80 the other about .75 ) I notice that the more active participants of this board seem to be more interested in short term charting? as opposed to company fundamentals.. andf I wonder if some of you would perhaps be willing to answer some questions that I have related to that:
1) are any of the "charters" here into this stock for the long term? ( meaning more than a few weeks/months ) and, if so, where do you expect this stock to be early next year? and, if not, why? are you riding some sort of very short term "chart pattern" for a smaller gain?
2) where/how did you learn the techniques that you are using to read these charts to a level that is far higher than I can? I am interested in learning more about this, so I can attempt the same analysis that you guys are doing... I see the notes you make, and the charts you post, but a lot of the items that you point out are somewhat meaningless to me ;)
3) If I intend to hold this stock to well past the $1 range ( as I would like to do, and possibly, hopefully, $2-$3 ) , well, am I making a mistake? and, if so, why?
I realize that a lot of this depends on the results of the phase 3 studies that are about to be, or are now, ongoing, but those will take ( to my understanding ) about a year to complete... can much movement be expected during that time? does it make sense for a long to simply hold on throughout this period? I expect short term gains can and will be relized for all of the positions I listed above, but I also don't want to sell it all at a small profit, and then lose out on the much larger gains...
anyway, sorry if any of this seems or sounds ignorant? but that's why I ask these questions I guess..
for my own ( humble ) $0.02 on my knowledge of this stock I am a believer in the idea that the stock got hit overly hard as a result of the recent phase 2 results, and I see promise in the new studies now being conducted. So, I am not going into this "blind" per se, It just seems to me that there are several on this list that have tools and techniques that give them a much greater edge to what I have available to me.
any thoughts or responses are appreciated, thanks for reading..
B...
I see a close of .697?, maybe TD Ameritrade has bad data ;)
Unless I am mistaken, the current disposal license allows for 15,000 barrels per day, while they expect to be able to increase this to 30,000, to my knowledge this has not actually happened yet. ( do the 2 offloading stations provide enough capacity to achieve 30k barrels/day? )
at 15,000 per day @ $0.75 each, that's $11,250/day in revenue.
Do they operate on week-ends? not knowing the answer to this, I'm going to assume approximately 22 days/month, which amounts to about 250k/month, or 3 mil/year.
at 3mil/year, if they only produce 10% profit out of that ( I would expect quite a bit more, but does anyone think that's a reasonable number? or not? ) that's 300k/year in profit, divided by 46mil shares, that's a profit of .0069/share which results in a P/E of 20.32 @ .14/share. Which, appears to be close to the industry average of 21?
They have some large loans out for the disposal well rebuilding ( something like 2 mil as far as I can tell, can anyone confirm this? ) which, according to my reading of the available information on, they have to pay 80% of their disposal revenue each month as payments on these loans. at the 3mil/year revenue mark though, that's paid off within about a year.
Does anyone know, or have information on what the costs and profit percentages are for an average disposal well business? I'm thinking it should be fairly high, but I don't know.
It seems to me that exceeding the 10% profit number should be easily doable though, ( after paying off the loans ) which means that without doing anything special other than running this well decently for the next year until their loans are paid off, the price is reasonable? This doesn't include any revenue from skimming, or an increase in their disposal license capacity. So, there should be room for pretty large growth here, a doubling of their license capacity could result in ( at minimum ) a doubling of the share price at that P/E. Any skimming profits would add to that. And this is only talking about the disposal business...
Anyway, this is my thinking on why I purchased this stock, I throw it out there to see if anyone wants to comment on it. Am I making mistakes here? Did I miss something? Anyone have better information or numbers to work with?