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A lot of bluster signifying nothing. And no real explanation of why the AFs were late - again - and why, if he can write PRs, he can't file the AFs now as opposed to last night after the bell like he promised yesterday. I'm trading with free shares but I still sold more than half.
SLJB CEO statement:
http://www.suljabros.com/pdf/letter.pdf
Starboy, I got your private message, but I can't reply privately. But to answer your question, I have no idea. I would presume WSBL is still the company to fax.
Turds is right. Just got my reverse split info in the mail. 160 to 1. Shoot me now.
No idea. I send IR a message asking for the rationale and if a PR might be imminent to explain what is happening.
IGSS - ummmm...what just happened there? Up 1500% on 2K volume? Is that a huge blip or are we finally getting out of the funk? I don't trust it yet.
I think the correct answer is "Nobody 'knows' when they will run." It's speculation at best. They will run if and when they are allowed to and when it reaches a critical mass. Anyone who tells you different is selling something.
Looking for a bottom on SHRN
IGSS trading halted, so says my TD Waterhouse account. Anyone know what gives?
If not AOGS, how about their owner UPDA? Looks like it may be hitting a bottom to these inexperienced, virgin eyes.
Bought TKTJF at $0.25. Hoping I didn't miss the boat on this one.
Is anyone still in IGSS?
Don't know if anyone is interested in Canadian stocks, but being a Canadian I am. XLX (listed on the TSE) volume has jumped from averaging in the low 100K's over the past year to over 3 mil yesterday and over 6 mil today. Priming for a move? I think so.
Nope, I know nothing. Thanks for the heads up.
Don't know if I've got the hang of this or not, but I'm watching WSBL for volume.
And if nothing else, if I remember correctly one of coydog's indicators to sell are when a board is too full of touts. They've all come out of the woodwork over there on ERHE shouting to the moon.
Question for those with experience - Does one ever get over the anxiety of selling a large position that you fear will leave a lot of money on the table? I know it's the right thing to do, but the right thing is rarely (if ever) the EASY thing to do.
I noticed back before they hit water instead of oil, TNOG was a topic of conversation around here. Do we think it's a dead issue or will it ever come back? It sure couldn't get much lower.
Well, I trust myself first and foremost. But good advice all around.
For anyone else into or interested in ERHE, their partner Addax just had an IPO on the TSX at $19.50. Trading today for the first time. At $21.20 at the moment. I know it's not a trading stock, but for those interested in what ERHE is doing this could be a nice safe place to keep money.
Hi to everyone. I've just been a lurker here for some time, more comfortable in that position than trying to offer up advice. Although some may know me as a VERY occasional poster on ERHE. In big on that one. And I picked up on PBLS from Coy back in the summer when it was sub-penny, so I owe him for that and have since come to follow him and trust what he says. Ok, enough with the background. Question: Does anyone have a feeling about SHRN? Made some money on it last year but it went stagnant for a while. Seems like it may be coming alive again. Thoughts?
That's the understatement of the year. Although par for the course on the OTCBB and pinky boards I've come to learn.
But way back when, people didn't really seem to take notice or talk about my post, so the dialogue sort of got killed before it could get started. I post when I have something constructive to add - or once in a while to gloat :) - and am under no illusions about the (non)effect it may have on the PPS. But trust me, if ever I have something that I think is going to be useful, I will chime in. Sometimes I even, gasp, forget for a few days that I even own this stock. What peaceful days those are :)
Been a while since my last post. Not to brag but:
http://www.investorshub.com/boards/read_msg.asp?message_id=8260924
And anyone who thinks that he really left of his own volition is kidding themselves. This, in my view can ONLY be a good thing.
Back to lurking status.
I must admit, like others my frustration has seeped through into a posting that vented more than it probably should have. I don't mean to demean ALL of Memon's abilities. I don't doubt he is capable in some areas and has experience in the oil business. However, we are both an oil company AND a small "akin to a start-up" company. This unique company requires 2 different sets of abilities, and I am afraid that Memon has shown to be inadequate in handling matters for the latter.
Hopeful and waiting. But would really like to see our CEO pounding on some doors to get the name out there. It's not only about PRs, fluff or otherwise. It's about becoming recognized as a player by the financial sector (not just by BM and the smaller oil community), getting people excited about the GG, getting talked about on the street. We are invisible, not because of doubts about our potential, but because nobody is even aware of who we are and it is frustrating.
This may not be a popular post, but I (and others whom I've talked to) are looking forward to the day that Memon is removed from office. He's an incompetant who sits back and expects the market to see all the value in the world, when in fact we are not on anyone's radar screen. All these conspiracy theories about MM manipulation, naked shorting, major shareholders paying off this and that person to keep the price down so they can accumulate are taking attention away from the truth. If the man in charge were doing his JOB, and getting out there on the street to make the major players aware of who we are, what we have, and our potential, then we'd be over $1.00. As it stands, there is no volume and no coverage because nobody (repeat nobody) has a clue about who we are except for our partners. We are not Pioneer or Noble and we can't pretend that we are. Things don't happen for a tiny minnow on their own, you have to make them happen. And Memon has shown this year that he in incapable of doing that.
I sit and wait and hold, but only because I refuse to take a loss on this. But mark my words, if things don't pick up soon, there are those behind the scenes who will remove Memon and get someone in that office who can run a small company like it needs to be run.
How many 10 baggers in a child's play? :) Seriously though, do you have an exit point in mind? I was thinking around .12 - .15, not too far from the last run. Are you thinking it will be higher, in the .2 range?
Being a relative newcomer, PBLS is like a dream come true. Tough to stay grounded.
But anyhow, now that we're all patting each other on the back, I start thinking about the next play. Any words out there on UCHB? I've seen the name pop up now and then and it seems like now might be a nice time to get in.
Thoughts anyone?
Simple and direct. Many thanks simplegreen.
So what's the forecast top end of this little run we find ourselves in? I know we've all been waiting (im?)patiently for the one cent mark for a long time, but can/will this continue? I'm no chartist so I'm interested in a prediction.
Exactly. There are derivative actions and other shareholder remedies to prevent the company from acting in such a way. It's not an idea solution and would tie up the company (and us) for a while, but the fact that these shareholder remedies exist is enough to prevent a large, well-known company who no doubt has their own legal advisors from trying something like that and expecting to get away with it.
Interesting read on the future of oil. At first blush it seems to indicate that all the hysteria about lack of oil supply is a bit reactionary, but when you look further it does indicate that deep water offshore drilling is the reason why future oil supply can remain high. Good news for ERHE.
http://www.theglobeandmail.com/servlet/story/RTGAM.20050622.wxroilglut22/BNStory/Business/
World now facing oil glut?
Wednesday, June 22, 2005 Updated at 6:15 AM EDT
From Wednesday's Globe and Mail
Calgary — An oil glut is coming. That's right, a glut, way too much oil -- and the bold prediction is being made by one of the energy industry's top consultancies.
Even more bold is the prediction's timing, just as the benchmark price of oil is on the verge of cracking $60 (U.S.) a barrel and futures contracts suggest oil will remain higher than $55 for the rest of the decade.
Cambridge Energy Research Associates Inc., based near Boston, is skeptical, and yesterday released highlights of a report that concludes the world's capacity to produce oil will likely easily exceed the world's voracious demand for the product that fuels cars, ships and planes.
Increasing oil production capacity "will comfortably meet volatile and expanding demand in the next five years and beyond," Peter Jackson and Robert Esser, the authors of the report, write in their introduction.
Total capacity will surge by almost 20 per cent to 101.5 million barrels a day by 2010, the widely respected and closely followed consultancy predicted, basing its assessment on field-by-field research. In 2010, capacity could be seven million barrels or so higher than demand -- a huge surplus.
The surplus is tiny now. Current demand, by most estimates, is within a million barrels of current capacity of about 85 million barrels a day.
The significant capacity gain is expected to come on the back of a long slate of massive development projects, including Canadian Natural Resources Ltd.'s Horizon oil sands project, among the 10 biggest on the go anywhere.
The spare capacity could drive the price of oil far lower. The present panic surrounding oil is based largely on the world's lack of spare capacity and the seeming inability to handle a situation where a major source of supply was cut off.
But Cambridge Energy Research doesn't see the current price as ridiculous or irrational, noting that the price is a direct response to the strong surge in demand last year, coupled with numerous geopolitical worries. By 2007 and 2008, the consultancy says the price could drop as demand begins to fall short of supply, though it wasn't so bold as to make a precise prediction.
More than half of the additional oil will come in the form of light oil, the most valuable kind that is the easiest to turn into gasoline and jet fuel. The consultancy also said "unconventional" oil supplies -- such as those in the Alberta tar sands -- will be much more important than people think, as will output from ultra deepwater oil wells, more than 700 metres below the seabed. Other positive factors include getting more oil out of existing fields.
Still, the argument that there's plenty of oil around is somewhat academic as Canadians and people around the world face record prices for gasoline. The average price of gas in cities across the country this week is about 92 cents (Canadian), just a couple of pennies below the record of about 94 cents set in late April, according to M.J. Ervin & Associates Inc. in Calgary.
There is little relief in sight, say oil analysts, including Martin King of FirstEnergy Capital Corp. in Calgary. "The world may be effectively tapped out in terms of spare capacity for 2005 and 2006," Mr. King said in a report on Monday. He was among the first forecasters to predict oil would average $50 (U.S.) a barrel this year and has said oil will average $52 next year.
The authors of the Cambridge report looked at two scenarios, one positive and one negative, and found that, even in the negative outlook, the world will have more oil than needed.
The report also took aim at peak-oil theorists, who espouse the view that the world's oil production will hit a high, possibly as early as this year, and then decline rapidly. While no one argues that oil is anything but a finite resource, Cambridge Energy Research doesn't see a peak at all.
Instead, it projected an "undulating plateau," extending for several decades.
Erhe
This was posted over on RB:
This is out of Canacord in Canada regarding Sao Tome Centurion/ERHE/Noble
link... http://www.stockhouse.com/bullboards/viewmessage.asp?no=9763659&t=0&all=0&TableID=0
I'll bet it does foul up the chart. But it would make sense. I'll keep an eye out for correction. Thx.
SHRN
Since someone posted about SHRN, I thought I might get a response since I can't figure this out. There was a blip up to $1.77. What the H*LL?! 8 cents, up to $1.77 for a second, then back to 8 cents again? I checked the high-low in 2 different places and both reported it? Does this figure with anybody?
What the hell was with that $1.77?!?! A mistake in reporting?
Ha. I was just going to say, it was almost as if you had answered that question before and had the answer ready and waiting :)
A lot of it is a bit over my head, but I'll take a few hours/days/weeks to try and figure it out. Much obliged!
As I am an utter and complete novice when it comes to charting, can you explain to me what the pennant means?
Hey gents. So it seems that at long last we are "really" at the cusp this time, which is exciting news for all. Question for discussion, as I really don't have the answer...and nobody really does as it's all guesswork, but it's worth thinking about at least. So what are the chances of ERHE mimicking the trend followed by Canargo, where after the big news hit, the pps jumped up to over $2, hovered at just under $2 for a while, but then as time passed has slowly withered down to around $.70 again? Will the sheer potential of oil be enough to sustain whatever price we hit until oil starts to flow? Or will the 6 months/year/2 years/whatever time lag chip away at the pps?
Again, I know it's all pure speculation on our part, but having seen it happen with CNR it just makes me curious, especially since I'm a holder of both stocks.
I agree with what Gigwoof said in #2528.
I come here because I was tired of wading through the crap on RB. Let's not degenerate into all the off-topic postings that don't help anyone. This is not a chatroom.
Only my opinion
I dearly hope you are right Pieman. I'm willing to be patient on the performance of the company if there are signs that things are moving in the right direction. I even chastized a poster not too long ago for telling all to get out fast. But everyone has their limits and EY needs to let the public know what's going on or he's going to lose his shirt. (Thankfully all I stand to lose is what I was prepared to in the first place on this gamble).
There's nothing to understand about the process other than this is Africa not North America and nothing gets done without lining the pockets. Governing in the public interest means absolutely nothing, and so holdups are the name of the game. Thankfully once rigs are in place there can be no more holdups. Let me second the notion that patience will be rewarded, frustrating though it may be.