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I appreciate you and your thoughts on my knowledge. Have a great day
Why the hold did you violate more then 4 times in a 12 months. On reinvesting unsettled funds? Gotta be careful there, but they do give 4 just saying
Yea I'm not gonna budge on the sell. I'm a heavy equipment guru. Not that that in titles me here around there product. But I know a good product when I see it. As I've said before I owned a trucking company for 10 years I lost in this last bernaky/ bush recession. I know freight , and the fact that this company can safely consolidate liquid products to ship is well absolutely amazing. I'd love to see them get a product approved by osha that can do the same for hazmat. I think it's in the cards but I like what they are doing. And pray to god they had no hand in the recent promo. But again I'm in it to win it. I havnt lost a dime of my money I invested right?? Because I havnt sold my position. So in my head it could drop to a penny but I havnt lost unless I sell right?? That's how I make since of it. Do I regret not protecting my profits when it was trading? sure but I liked the 5 dollar price point that was on the promo. Yea I would've sold at maybe 250 for sure at 3 because I'm accumulating CANABIS Plays and bio techs like kblb, but that was then and now here I am. I'll just have to find new resources until this rock star comes back 10.4?
I spoke with the trading desk at E*TRADE and they can sell my shares no problem there are buyers and some north of your purchase price but less then mine. Let's just hope EPTI gets this cleaned up, or they will lose lots of interest. But the action in the buy side today tells me good stuff even if it is shorts, but the bulls look to be bucking some bears. Let's go bulls let's go.
I appreciate you thoughts and input on said matters. Thanks bud
8500 shares was just purchased seconds ago
I guess all we can hope for is a return to OTC correct?
10.4 to that ihub anomaly
I'd also add that on my E*TRADE app most of the volume coming in is green meaning buyers . There was a bit of red early but overall green. I'm feeling much better about this real company and what the future looks like for them .
Anybody seeing what I'm seeing. The ask is at 5 on i hub? . I can't see this on E*TRADE app . I bought 2k at 185 back when things were good. Trust that I got a bit sick this morning and thought I'd dump but said to myself stay the course things will be good again. Is there anyway this thing gaps up to 5 like that in the anytime soon. Any thoughts on that?
Stays day light there this time of year don't it?
Outside sales rep for heavy equipment rental. Mostly oil field gear. Been in the oil field at some capacity for about 30 years. Now just taking it easy doing sales. Mostly just play a lot of golf and ass kissing sessions with clients.
Very interesting lol.
The silk worm will be raised in east Texas
If it dropped that low I'd find some way to get a position on it. It would be hard to get me out of INO, HIMX, KBLB, but if this tanks I might consider it.
If he needs investors all he needs to make is one phone call. T BOON PICKENS.
THE DEBT IS A NON ISSUE.
It's coming to corpus. Nustar has storage facility in three rivers , Valero refinery has a plant in three rivers and corpus and they use more sweet West Texas crude damn near for all the products they make. Celaneas refinery in Victoria uses WT crude to for there plastic pellets. They will certainly drink all the oil coming from that region. The infrastructure is already in place to service corpus.
Clay is smart at technicals. If your a technical trader then listen to him. I like investing in companies with substance to them. Sure I'll throw some money at a "head and shoulder". Or a "handle" but I'm not sure how a technical can help any long position. If a technical can help me on a long position or a buy and hold then I'm all ears
The short answer , no I I don't believe it will. Short spike from guys like us ? Sure,
My thesis on the " No" answer is because anybody that's any body( meaning insiders) knows there is no way mmex will make a profit on the oil it's self, mmex be profiting on the sell of the plant before oils ever hits a pipe in the plant.
the price of oil is really a non issue here for this stock. This plant will get built no matter what the price is. With that said MMEX won't be anywhere around by the time this refinery processes its 1st barrel of oil. I've been directly involved with all the big project that happen in that region. And the big boys always come in and buy these projects. There is no way in the world little ol mmex is going to own a refinery in a region that has the best oil in the country. And it is the best oil. As I said west Texas crude has its own stock ticker. If I was a gambling man which I am I'd say ConocoPhillips will own this plant , before the 1st bar gets pumped
I'll check with my resources tomorrow, but I think mud based drilling is still north of 40. If they are water based drilling yes for sure 30 or maybe even less. But most water based drilling are shallow vertical wells. Which don't produce like horizontal wells. They don't do much water based drilling in the Permian. Mostly because there is a lot of H2s in that oil and mud helps hold that back or limits better then water base
There has been some posts regarding the debt and loan or loans mmex is taking on. Guy please know that this debt is a non issue, the margins that mmex will make on the sell of this refinery, )and it will sell quickly, most likely before it pumps or processes its 1st barrel) the margins will cover the debt 10 fold. Even if oil goes to 10 dollars a barrel. Before the build is complete mmex will profit very nicely, this debt ain't sh?t. Hell most likely this one build and sell will make mmex completely debt free. Mmex will never process a barrel of oil here, it will be sold before that is even a possibility
If there is anyone that thinks that this refinery is only going to be processing 10k Barrels per day I'd have to say "check that" I do realize the initial start up is to process 10k but if you know anything about that region there is 10 times that amount sitting in tank batteries alone, not to mention what's currently being drilled. Hell WEST TEXAS CRUDE, has its own stock ticker for Pete sake. This refinery will be ginormous. Unfortunately mmex won't own it at that point. So it's probably a mute point issue at this point.
They will be processing light Sweet Crude. Which is less costly then any other crude to process. And the preferred crude of all refineries. I don't know the exact cost to process a barrel, but it will certainly be cheaper then the crude processed from all other regions in this country
It will get bought, I've been involved with so many things in this region and they always get bought before the build is even completed. I say "so many" but in reality it's been 4 projects. 2 were bought by Oxy Chem , 1 Shell and 1 ConocoPhillips. Again Ft Stockton is basically a 2 light town. If you live in the rural 2 light town you work for one of those 3 companies or at the grocery store, local hotel. Tons of oil field traffic through that town..This refinery will have a different name on it before it receives even one barrel of oil. Trust me on this
I live in Here in Austin I need to take Mr jack to lunch. I'm an outside sales man for heavy equipment rental company, maybe I can sell him on some gear and pull some other info out of him lol, doubtful but what the hey
This is my very 1st post ever on IHUB, love the blogs guys thanks for talks insight on markets and stocks. Sadly I've spent a ton of time out in the Ft Stockton /Pecos area. There is no way this refinery doesn't get bought buy Oxy, Shell, or ConocoPhillips. They own every thing in that region. Mark my words this will get built and bought. With that said, will that make the stock price run or tank?