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SEC suspends 17 penny stocks including this one
http://finance.yahoo.com/news/SEC-suspends-trading-of-17-apf-3698551032.html?x=0&sec=topStories&pos=6&asset=&ccode=
SEC suspends 17 penny stocks LLEG is one of them
http://finance.yahoo.com/news/SEC-suspends-trading-of-17-apf-3698551032.html?x=0&sec=topStories&pos=6&asset=&ccode=
CALGARY (Dow Jones)--The Alberta government named several major Canadian and international energy companies that have leases that may be affected by a new conservation plan unveiled Tuesday prohibiting oil sands development in some areas.
The list includes Imperial Oil Ltd. (IMO), which is majority owned by Exxon Mobil Corp. (XOM), Norway's Statoil Ltd. (STO), Canadian Natural Resources Ltd. (CNQ) and Cenovus Energy Inc. (CVE).
The Alberta government said it plans to set aside more than 7,700 square miles of land in the northeastern oil sands region for conservation that would preclude oil sands development on part of 10 leases held by energy companies.
The government said oil sands companies would be compensated for their costs in purchasing and developing the canceled leases.
Cenovus Energy confirmed Tuesday that part of its Borealis oil sands lease may be affected by the government's conservation plan, but not the part that is currently planned for development.
Cenovus has applied to develop a 35,000 barrel-a-day oil sands plant in the Borealis area, but spokeswoman Rhona DelFrari said the project doesn't appear to be affected by the government's conservation plan.
"We have a lot of land in northern Alberta, so it's looking like the section that may be impacted by this is not the area that we are planning to develop in the near future," DelFrari said. She said it's not yet clear how much of Cenovus's booked oil sands reserves would be affected by the government's decision. Because Cenovus hasn't surveyed the resource on all of its oil sands property, company reserves may not be affected at all.
A Statoil spokesman said the company is studying the plan and didn't have an immediate comment.
Representatives of Imperial Oil and Canadian Natural Resources weren't immediately available to comment.
Other companies that could be affected include fledging oil sands producers Athabasca Oil Sands Corp. (ATH.T), Alberta Oilsands Inc. (AOS.V), Southern Pacific Resource Corp. (STP.T), Perpetual Energy Inc. (PMT.T) and Sunshine Oilsands Ltd.
David Pryce, a vice president for the Canadian Association of Petroleum Producers, an industry group, said more compensation should be available for companies that would see their leases canceled.
"Companies have booked value for reserves that are there, and that has been reflected in their share prices," he said.
-By Edward Welsch, Dow Jones Newswires; 403-229-9095; edward.welsch@dowjones.com
CALGARY (Dow Jones)--The Alberta government named several major Canadian and international energy companies that have leases that may be affected by a new conservation plan unveiled Tuesday prohibiting oil sands development in some areas.
The list includes Imperial Oil Ltd. (IMO), which is majority owned by Exxon Mobil Corp. (XOM), Norway's Statoil Ltd. (STO), Canadian Natural Resources Ltd. (CNQ) and Cenovus Energy Inc. (CVE).
The Alberta government said it plans to set aside more than 7,700 square miles of land in the northeastern oil sands region for conservation that would preclude oil sands development on part of 10 leases held by energy companies.
The government said oil sands companies would be compensated for their costs in purchasing and developing the canceled leases.
Cenovus Energy confirmed Tuesday that part of its Borealis oil sands lease may be affected by the government's conservation plan, but not the part that is currently planned for development.
Cenovus has applied to develop a 35,000 barrel-a-day oil sands plant in the Borealis area, but spokeswoman Rhona DelFrari said the project doesn't appear to be affected by the government's conservation plan.
"We have a lot of land in northern Alberta, so it's looking like the section that may be impacted by this is not the area that we are planning to develop in the near future," DelFrari said. She said it's not yet clear how much of Cenovus's booked oil sands reserves would be affected by the government's decision. Because Cenovus hasn't surveyed the resource on all of its oil sands property, company reserves may not be affected at all.
A Statoil spokesman said the company is studying the plan and didn't have an immediate comment.
Representatives of Imperial Oil and Canadian Natural Resources weren't immediately available to comment.
Other companies that could be affected include fledging oil sands producers Athabasca Oil Sands Corp. (ATH.T), Alberta Oilsands Inc. (AOS.V), Southern Pacific Resource Corp. (STP.T), Perpetual Energy Inc. (PMT.T) and Sunshine Oilsands Ltd.
David Pryce, a vice president for the Canadian Association of Petroleum Producers, an industry group, said more compensation should be available for companies that would see their leases canceled.
"Companies have booked value for reserves that are there, and that has been reflected in their share prices," he said.
-By Edward Welsch, Dow Jones Newswires; 403-229-9095; edward.welsch@dowjones.com
CALGARY (Dow Jones)--The Alberta government named several major Canadian and international energy companies that have leases that may be affected by a new conservation plan unveiled Tuesday prohibiting oil sands development in some areas.
The list includes Imperial Oil Ltd. (IMO), which is majority owned by Exxon Mobil Corp. (XOM), Norway's Statoil Ltd. (STO), Canadian Natural Resources Ltd. (CNQ) and Cenovus Energy Inc. (CVE).
The Alberta government said it plans to set aside more than 7,700 square miles of land in the northeastern oil sands region for conservation that would preclude oil sands development on part of 10 leases held by energy companies.
The government said oil sands companies would be compensated for their costs in purchasing and developing the canceled leases.
Cenovus Energy confirmed Tuesday that part of its Borealis oil sands lease may be affected by the government's conservation plan, but not the part that is currently planned for development.
Cenovus has applied to develop a 35,000 barrel-a-day oil sands plant in the Borealis area, but spokeswoman Rhona DelFrari said the project doesn't appear to be affected by the government's conservation plan.
"We have a lot of land in northern Alberta, so it's looking like the section that may be impacted by this is not the area that we are planning to develop in the near future," DelFrari said. She said it's not yet clear how much of Cenovus's booked oil sands reserves would be affected by the government's decision. Because Cenovus hasn't surveyed the resource on all of its oil sands property, company reserves may not be affected at all.
A Statoil spokesman said the company is studying the plan and didn't have an immediate comment.
Representatives of Imperial Oil and Canadian Natural Resources weren't immediately available to comment.
Other companies that could be affected include fledging oil sands producers Athabasca Oil Sands Corp. (ATH.T), Alberta Oilsands Inc. (AOS.V), Southern Pacific Resource Corp. (STP.T), Perpetual Energy Inc. (PMT.T) and Sunshine Oilsands Ltd.
David Pryce, a vice president for the Canadian Association of Petroleum Producers, an industry group, said more compensation should be available for companies that would see their leases canceled.
"Companies have booked value for reserves that are there, and that has been reflected in their share prices," he said.
-By Edward Welsch, Dow Jones Newswires; 403-229-9095; edward.welsch@dowjones.com
Oil States International, Inc. (NYSE:OIS) announced today that its Board of Directors has approved the initial construction of the Henday Lodge ("Henday"), located adjacent to Wapasu Creek Lodge in the oil sands region of northern Alberta, Canada. The Company's Canadian subsidiary, PTI Group Inc. ("PTI"), will design, build, own and manage the new lodge, which will have an initial capacity of 1,264 rooms by the end of the third quarter of 2011. Henday is located in close proximity to numerous oil sands projects, and PTI has already secured a 24-month contract for 1,000 rooms, providing for essentially full occupancy for the lodge's 1,100 rentable rooms. The capital expenditures required to build the facility are already included in Oil States' previously disclosed capital expenditures forecast of $535 million for the full year 2011.
Henday will provide PTI's full suite of first-class accommodations and services including catering, ancillary and convenience services, internet service, conference rooms and leisure facilities for fitness, entertainment and relaxation.
"We are excited to announce the continued expansion of our accommodations business in the oil sands region through the construction of our fifth major lodge," stated Cindy B. Taylor, Oil States' President and Chief Executive Officer. "Henday's proximity to the various oil sands projects currently underway further provides Oil States significant exposure to support our customers' growing accommodation needs in the region."
Oil States International, Inc. is a diversified oilfield services company with recently added exposure to the mining industry through the MAC acquisition. Oil States is a leading, integrated provider of remote site accommodations with prominent market positions in the Canadian oil sands and the Australian mining regions. Oil States is also a leading manufacturer of products for deepwater production facilities and subsea pipelines, as well as a provider of completion-related rental tools, oil country tubular goods distribution and land drilling services to the oil and gas industry. Oil States is publicly traded on the New York Stock Exchange under the symbol OIS.
For more information on the Company, please visit Oil States International's website at http://www.oilstatesintl.com.
The Oil States International, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6058
Insider's buying!
Great info Bob...thank you.
A new drilling technique is opening up vast fields of previously out-of-reach oil in the western United States, helping reverse a two-decade decline in domestic production of crude.
Companies are investing billions of dollars to get at oil deposits scattered across North Dakota, Colorado, Texas and California. By 2015, oil executives and analysts say, the new fields could yield as much as 2 million barrels of oil a day — more than the entire Gulf of Mexico produces now.
This new drilling is expected to raise U.S. production by at least 20 percent over the next five years. And within 10 years, it could help reduce oil imports by more than half, advancing a goal that has long eluded policymakers.
"That's a significant contribution to energy security," says Ed Morse, head of commodities research at Credit Suisse.
Oil engineers are applying what critics say is an environmentally questionable method developed in recent years to tap natural gas trapped in underground shale. They drill down and horizontally into the rock, then pump water, sand and chemicals into the hole to crack the shale and allow gas to flow up.
Because oil molecules are sticky and larger than gas molecules, engineers thought the process wouldn't work to squeeze oil out fast enough to make it economical. But drillers learned how to increase the number of cracks in the rock and use different chemicals to free up oil at low cost.
"We've completely transformed the natural gas industry, and I wouldn't be surprised if we transform the oil business in the next few years too," says Aubrey McClendon, chief executive of Chesapeake Energy, which is using the technique.
Petroleum engineers first used the method in 2007 to unlock oil from a 25,000-square-mile formation under North Dakota and Montana known as the Bakken. Production there rose 50 percent in just the past year, to 458,000 barrels a day, according to Bentek Energy, an energy analysis firm.
It was first thought that the Bakken was unique. Then drillers tapped oil in a shale formation under South Texas called the Eagle Ford. Drilling permits in the region grew 11-fold last year.
Now newer fields are showing promise, including the Niobrara, which stretches under Wyoming, Colorado, Nebraska and Kansas; the Leonard, in New Mexico and Texas; and the Monterey, in California.
"It's only been fleshed out over the last 12 months just how consequential this can be," says Mark Papa, chief executive of EOG Resources, the company that first used horizontal drilling to tap shale oil. "And there will be several additional plays that will come about in the next 12 to 18 months. We're not done yet."
Environmentalists fear that fluids or wastewater from the process, called hydraulic fracturing, could pollute drinking water supplies. The Environmental Protection Agency is now studying its safety in shale drilling. The agency studied use of the process in shallower drilling operations in 2004 and found that it was safe.
In the Bakken formation, production is rising so fast there is no space in pipelines to bring the oil to market. Instead, it is being transported to refineries by rail and truck. Drilling companies have had to erect camps to house workers.
Unemployment in North Dakota has fallen to the lowest level in the nation, 3.8 percent — less than half the national rate of 9 percent. The influx of mostly male workers to the region has left local men lamenting a lack of women. Convenience stores are struggling to keep shelves stocked with food.
The Bakken and the Eagle Ford are each expected to ultimately produce 4 billion barrels of oil. That would make them the fifth- and sixth-biggest oil fields ever discovered in the United States. The top four are Prudhoe Bay in Alaska, Spraberry Trend in West Texas, the East Texas Oilfield and the Kuparuk Field in Alaska.
The fields are attracting billions of dollars of investment from foreign oil giants like Royal Dutch Shell, BP and Norway's Statoil, and also from the smaller U.S. drillers who developed the new techniques like Chesapeake, EOG Resources and Occidental Petroleum.
Last month China's state-owned oil company CNOOC agreed to pay Chesapeake $570 million for a one-third stake in a drilling project in the Niobrara. This followed a $1 billion deal in October between the two companies on a project in the Eagle Ford.
With oil prices high and natural-gas prices low, profit margins from producing oil from shale are much higher than for gas. Also, drilling for shale oil is not dependent on high oil prices. Papa says this oil is cheaper to tap than the oil in the deep waters of the Gulf of Mexico or in Canada's oil sands.
The country's shale oil resources aren't nearly as big as the country's shale gas resources. Drillers have unlocked decades' worth of natural gas, an abundance of supply that may keep prices low for years. U.S. shale oil on the other hand will only supply one to two percent of world consumption by 2015, not nearly enough to affect prices.
Still, a surge in production last year from the Bakken helped U.S. oil production grow for the second year in a row, after 23 years of decline. This during a year when drilling in the Gulf of Mexico, the nation's biggest oil-producing region, was halted after the BP oil spill.
U.S. oil production climbed steadily through most of the last century and reached a peak of 9.6 million barrels per day in 1970. The decline since was slowed by new production in Alaska in the 1980s and in the Gulf of Mexico more recently. But by 2008, production had fallen to 5 million barrels per day.
Within five years, analysts and executives predict, the newly unlocked fields are expected to produce 1 million to 2 million barrels of oil per day, enough to boost U.S. production 20 percent to 40 percent. The U.S. Energy Information Administration estimates production will grow a more modest 500,000 barrels per day.
By 2020, oil imports could be slashed by as much as 60 percent, according to Credit Suisse's Morse, who is counting on Gulf oil production to rise and on U.S. gasoline demand to fall.
At today's oil prices of roughly $90 per barrel, slashing imports that much would save the U.S. $175 billion a year. Last year, when oil averaged $78 per barrel, the U.S. sent $260 billion overseas for crude, accounting for nearly half the country's $500 billion trade deficit.
"We have redefined how to look for oil and gas," says Rehan Rashid, an analyst at FBR Capital Markets. "The implications are major for the nation."
___
With the President of China visiting in the States...this visit could mean huge changes to come :)
Good question Dr Doug....I basically wrote this stock off as a loss, but following Echo's posts on updates...
Manipulation by MM's?
Interesting reading........
I did not mention anyone by name that I thought was new...those that ARE know who they are!!
yousknows.....
Who are you talking to??? YOURSELF apparently! lol
LOL whocares!
The only thing CGHI shareholders received was a rapidly declining stock price, then no correspondence from the company....All of ECHO's info is coming from other sources, not the company website(if it's even still out there).
This was emailed for anyone that is interested - lol
GRBT Newsletter
Wed, March 24, 2010 3:36:46 PMFrom: Green Bridge <iriley@ecologixusa.net>Add to Contacts
--------------------------------------------------------------------------------
In This Issue
Follow us on Twitter!
About Green Bridge
Green Bridge is now on Twitter!
We are now on Twitter! Green Bridge's management team will be tweeting about what is happening and keeping everyone updated on upcoming events!
You can now follow us on Twitter!
twitter.com/GreenBridgeTech
Find us on the web
Green Bridge Technologies
Vapor Tech
Ecologix
Air Pure Systems
Our Stock Symbol is GRBT
About Green Bridge Technologies International
Greetings!
This is a start of a new communications era for Green Bridge Technologies International and its affiliates. GRBT is mounting a communications effort with its shareholders and interested parties. In the weeks and months ahead, GBRT will be publishing periodic updates and announcements of what is going on in our company. Please feel free to pass it along to others so they can see what we are doing.
You can now follow us on Twitter!
http://twitter.com/GreenBridgeTech
For our first edition, we are outlining some basic information about each of the divisions of GBRT.
Green Bridge Technologies International, Inc
GRBT has many exciting developments in motion. We find ourselves very close to having a products to market in each division.
Vapor Tech
The efforts with the fuel vaporization have been put on temporary "hold" as we concentrate on utilizing the encapsulated vortex technology on the exhaust side. We are able to bring a "radical" muffler product to market sooner and with less capital requirements than we can with the vapor augmentation system. The radical muffler design is lighter, less costly to manufacture, and equivalent sound levels. All of this achieved with less back pressure( ie: more power & better fuel economy).
We are targeting 4 market segments:
Performance (reduced back-pressure, more power, pleasing throaty sound )
Replacement (reduced back-pressure, more power, less costly)
OEM (reduced back-pressure, more power, less costly, LIGHTER)
Big Rigs Diesel (reduced back-pressure, more power, pleasing throaty sound)
We have completed the development and testing of a "performance" muffler and are in testing to confirm the scalability of the design as we move from 4 cylinder to 6 and 8 cylinder engines.
We are approximately 50% complete with the development and testing of the Replacement and OEM designs. The Big Rig development and testing schedule is slated to begin at a later date.
We intend to start the application for the necessary patents in about in the first quarter. Once the patent process has been started, we will begin to pursue marketing the product. The bottom line is we will soon introduce a 'real product' and significant value to the industry!!
Ecologix
The focus for Ecologix has transitioned from custom solutions to "off the shelf " solutions. The new software development for the "sales" version of the Milage Minder has been completed, as well as the outline for the "Health Care" version. The "School Bus/Student " tracking system is also completely outlined and we are ready to commence software development.
Our investor relations company, Big Apple Consulting, are very excited about the potential of the "School Bus/Student" tracking product. They are expediting the development of a National campaign to market this product.
In addition, we will be partnering with a National Children's Charity as well as local School Boards and PTA's. We plan to release the contract for software development of the "school bus/student" tracking system in the next several weeks.
Air Pure Systems
The acquisition of APS was finalized with an exciting PR announcement released on Tuesday, Jan 12, 2010. APS is a company with proven devices, that lower output emissions while improving fuel consumption in gasoline engines.
The "invention" part of the APS product for gasoline engines is already complete and the patent is in place. The first action we will take is to reconfirm the third party test results, with and without the device. The previous test results were outstanding with approx 50% reduction in emissions and 20% increase in mileage.
Once test results are confirmed by the third party, we will start to productionize the design. GRBT (Len Baxter) will work closely with APS to oversee the design effort. Once we have a production design, we will build approx 20 prototype units for fleet testing and marketing.
At that time, we will also build a unit for testing on diesel engines (this will be done in parallel with the productionizing of the design). We will use the test cell we have at Vapor Tech as a starting point and transition to a vehicle as soon as we confirm that the device works on diesel fuel as well.
We expect to be able to put this product into limited production by late summer!
Government Services Division
We received the final paperwork from the U.S. Government on Dec 31, 2009 and are FINALLY able to proceed with the full implementation of this division. Kevin Sullivan, Lieutenant Colonel, USA (Retired) is leading this Division and has some candidates for inclusion on our GSA contract. We expect to accelerate activity in very short time.
As I imagine the possibilities at hand, I am ecstatic for our future outlook toward making GRBT an outstanding success in 2010!!!
Len Baxter
CEO and President GRBT
iriley@ecologixusa.net.
Update Profile/Email Address | Instant removal with SafeUnsubscribeâ„¢ | Privacy Policy. Email Marketing by
Ecologix | 229 Airport Road | Suite 7-151 | Arden | NC | 28704
Other-
With the economy in such a mess and so many unemployed out there, don't we need jobs FIRST before slapping individuals with a FINE?They can't afford to eat,(not to mention having their homes foreclosed on) let alone buy this so called, mandatory insurance??
OR does going to jail(for lack of having this insurance) take priority over all else?? We best start building more prisons. EOM
Was just wondering if anyone was paying attention! :)
Looks like it's time to buy in again??
I read the posts daily, but have nothing to add. I have been included in your number of investors in this motion. Thanks for all your hard work on this..... Happy New Year! :)
Wayne - interesting links you posted...sighhh
Yes!! No mention of HISC, but perhaps that is forthcoming.
1.5 mil shares at .002 = $3000.....not lots of cash changing hands....regardless though, who IS buying?
Echo, thanks for all the updates and information!
Vapor Technologies is preparing a White Paper to provide a detailed overview of its proprietary .......... There's that 'White Paper' again!!! LOL
Yes geo, it's called a template.
Impressed with your research Echo!!! Keep up the good work and thanks for all you are doing. :)
There has been no moderator after Cagie that I am aware of.
I do not recall who the old moderator was before Cagie. I believe I had indicated to you way back that my gut told me that something about Cagie was not 'right'. Then of course there was TnTim or something like that and what ever happened to oaklandraider??? They were all here at the same time, then all disappeared at the same time. eom
I do not recall who the old moderator was before Cagie. I believe I had indicated to you way back that my gut told me that something about Cagie was not 'right'. Then of course there was TnTim or something like that and what ever happened to oaklandraider??? They were all here at the same time, then all disappeared at the same time. eom
Yup...they were going to use GSA as an outlet for sales!! What sales???? ha ha
Just as I suspected...he was a pumper and a bullsh**er. eom
LMAO Minddoc...
This is all just de'ja vous over and over again. EOM