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I took a small loss on it. Something about SEC halts scares me 1/2 to death. CKYS was a case study, thankfully never held that one for more than a week.
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Yes :).
Blatant posts pumping other stocks will be deleted.
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Bri, I'm the same way. Fall in love with the story (bad, bad, bad). Learning every day :). What is up with XKEM? I haven't kept up.
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Asus, nice chart...nice bottom call ;).
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I dumped my BIGN position and picked up some more WRNW. Paid .0032 for 1M shares, has moved up to .004 now. Already had 1M shaes in it @ .005. Tough getting a fill even at the ask.
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Bri, be careful buying during a big move like that. Very few pinks sustain that for more than a couple of days (only the best of the best). Wait for the pull back IMO.
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MMs are having their day in the sun, when the rig is delivered the game starts changing dramatically. I'm loaded for bear.
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Added a chunk of shares to a pre-existing chunk. WRNW and NVMG my two oversized O&G plays going into summer and beyond.
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Keith, you and me both ;).
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Me likes the way you thinks :).
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WRNW seems to be basing nicely here, waiting for NEWS from Mr.Rees. I plan on adding more, so selfishly hoping for news later in the week.
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Drillman, excellent article. If doesn't spark interest in the wildcatters in the area nothing will. NVMG has an enviable position at the moment and they seem to be striking while the iron is hot. What a sweet base to build off of going into the summer season. Me likey, me likey a lot.
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Have a great weekend Bri. Hope next week is a better one for ya.
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I hope and pray that it starts trading again Bri, so you can get out of your position. Maybe this week she goes? The SEC thinks they're helping, all they're doing is putting more hurt on the penny players. Meanwhile SLJB still traders.
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Pounding the table on O&G here. The sector is going to be gaining momentum going into summer.
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The flurry of posts this am is unreal.
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Not sure what is going on with CIVX bri. They are one of several companies that haven't updated their shareholders about the suspension.
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rook, the move up was nice. Wish we had more volume with the move. One things for sure, she wants to break to the upside and looks like the MMs are gonna let her go.
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Lowman impersonator alert.
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LBWR taking it on the chin with their pathetic financials. This one needs some close watching IMO.
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Share structure has been updated in the IBOX to reflect yesterday's PR.
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Good morning all. Welcome back Bri, good to hear you got some ZZZZZs. Let's make some GREEN today or just break even and live to fight another day ;).
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Solid no pump news on NVMG:
FOREST HILLS, N.Y.--(BUSINESS WIRE)--Native American Energy Group, Inc. (the "Company," or "NAEG") (OTC Pink Sheets: NVMG - News), an independent oil and natural gas exploration and production company with operations in the Rocky Mountain region of the United States, released the following business update to shareholders.
Dear Friends and Fellow Shareholders,
Many of you are long time shareholders and have been very patient with your investment. Our management team is committed to creating a company of substance and value that can give its shareholders some great returns. We believe the success is coming basically in line with our ongoing vision for the company, albeit, these things do not happen overnight.
Shareholders have recently written to IR about a possible short condition. We did perceive what may have been overseas shorting of the stock (or mere profit taking) from one or more institutions, as revealed by the NOBO list. As this does warrant further investigation, we have again ordered the NOBO list and the OBO, as these will be important to our understanding. Overall, NVMG appears to be fluctuating normally for a Pink Sheet situation, in our view, and it should take on valuations similar to our oil industry peers. Of course, there are other revenue-producing strategies that we plan to implement in the near future that may factor in to the share price. These include our affordable housing construction and wind farm projects on U.S. reservations.
We are working hard to build a company with the perspective that our current and long-term efforts in our core Oil & Gas business will drive us to success with respect to creating sales, revenue growth and profits. We believe the share price will ultimately follow suit. Since Native American Energy Group began trading as a public company in January of 2005, we have made substantial progress in positioning the Company for the opportunities that are before us. As a result, NVMG has become widely recognized in the financial marketplace and the stock has experienced tremendous trading volume increases. Therefore I want to ensure that our valued shareholders have the correct structure of the Company. As of March 19, 2007 the number of shares Authorized is 2,000,000,000 and the number of shares Outstanding is 1,538,289,853. Collateral share issuances in conjunction with the recent $5M financing agreement resulted in the change to the O/S. These shares will be returned after 5 years upon repayment of the loan. Insider Shares remain unchanged at 895M and are part of an 18-month Insider Share Lockup Agreement that has been in force since October 6, 2006.
This information is also being updated on the Pink Sheets web site at www.pinksheets.com.
NVMG currently trades in the Pink Sheets, where fair value is not necessarily given to companies that are showing our kind of potential and progress. Our longer-term plans may include a move to the OTCBB or to a larger trading Board such as the Small Cap NASDAQ Board or the American Stock Exchange as the Company increases its revenue and asset values. We have time to decide whether such a move will prove to be beneficial for the company.
Our accountants, Resnick Druckman Group, have concluded our 2005 audits. We have made considerable investments in the future of our company over the last 2 years. In addition, we are now planning the 2007 budget and schedule for the reactivation of oil wells in our portfolio once our Workover Rig is delivered to us in Montana.
Native American Energy Group has made a series of oil & gas property acquisitions including historically producing wells that have proven developed reserves, as well as, undeveloped acreage positions overlying the prolific Bakken formation for future drilling operations. A Reserve Report of our proven developed reserves underlying our wells is currently being prepared by our Geologist and Petroleum Engineer. A summary of the report will be released upon completion.
Another phenomenon that we believe validates the Company's direction is the evidence of significant investment by like-minded companies in our area, such as Continental Resources and Marathon Oil. Both are major oil developers that have acquired hundreds of thousands of mineral acres with plans to drill wells into the Bakken in the next five years.
The drivers for growth are present and getting stronger as we continue to work hard to build our company. I want to thank each and every one you for your support and belief in our company.
Best Regards,
Joseph D'Arrigo
President & CEO
Native American Energy Group, Inc.
ACG, sweet call on CBAY.
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This is even without our workover rig. What happens when we have both rigs working to capacity? Game over.
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WRNW is my second biggest O&G holding after NVMG. Hoping it follows a similar trajectory both from a news and price perspective. Some positive news from the new CEO and we should be golden. This might be THE pivotal week.
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Looks like coordinates with city and state and operators. It is goobledygook.
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Very nice DD cautious one.
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Cool, will watch closely. Thanks ACG.
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Our O&G play NVMG up 73% today. Very nice, with more to come. WRNW looks like it's set to bottom and make a nice move up as well. Market cap if the share structure hasn't changed is cheap at roughly 700K.
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NICE! That was a much needed shot in the arm for my portfolio and I'm sure many others here. Congrats to the longs who held strong during the down turn and even added more ;). The new uptrend has begun in earnest.
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I know the feeling, been travelling cross coast the past 3 weeks for work. Don't you hate when work gets in the way of trading :) ? Have a good day.
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I know the feeling, been travelling cross coast the past 3 weeks for work. Don't you hate when work gets in the way of trading :) ?
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Thanks ACG, much appreciated. Any charts look particularly compelling at the moment? Have a good one.
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Yessir, once the SEC suspension is lifted they will be trading on the greys. Would love your thoughts on NVMG? It's had a pretty steep decline the last couple of weeks, looks like it is holding support here in the .007 range. Any thoughts? Thanks ACG.
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Great update Lowman. Still here and fully invested in this gem. Waiting for the pot of Gold at the end of the rainbow. A sincere thanks from all of us shareholders.
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Yuppers and then the grays to contend with. Not looking good for CIVX or BIGN at this point.
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