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.
Yeah. Who wants to hold their breath first?
Seems this article should have been a Press Release instead of just a blog.
Wednesday, 27 February 2013
Drake Gold Resources Inc is pleased to announce that it has produced over 105 barrels of oil on its Myers lease
Drake Gold Resources Inc is pleased to announce that it has produced over 105 barrels of oil on its Myers lease from 8 currently reworked wells with the oil now being stored in its tank batteries. Drake will be receiving its first revenue once the oil is scheduled for pick up. This marks a major milestone for the corporation.
Next week, the 2 remaining wells will be reworked. These are the last of the initial 10 wells that will be reworked on the Myers lease, fulfilling our contractual obligation and entitling Drake to now receive 100% of the 87 ½% NRI, vs. the 50% Drake had been accruing subject to the overriding royalty of 12.5% for 3 years to the former lease owner. Funds for these 2 reworks have already been forwarded to our operator.
With these last 2 reworks being completed, Drake will be able to acquire title to the lease and has contacted a law firm in Venango County, PA to assist with the lease title transfer. This is a significant asset that will be reflected on Drake's balance sheet.
Safe Harbor Statement: The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involve risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the Company is detailed from time to time in the Company's reports filed with the Securities and Exchange Commission.
Contacts:
Drake Gold Resources Inc.
Peter Matousek, 775-410-4458
CEO
IR@DRAKEGOLD.COM
Source: Drake Gold Resources
POSTED BY: Peter Matousek AT 12:29 am
tomd2 read this article. It will shed some light on your decision.
http://beta.fool.com/mhenage/2012/09/07/negative-payout-ratio-never-good-thing/11120/?ticker=SO&source=eogyholnk0000001
Southern Co Stock Buy Recommendation Reiterated (SO)
By TheStreet Wire 09/04/12 - 12:01 AM EDT
NEW YORK (TheStreet) -- Southern (NYSE:SO) has been reiterated by TheStreet Ratings as a buy with a ratings score of A+ . The company's strengths can be seen in multiple areas, such as its expanding profit margins, growth in earnings per share, increase in net income, notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
Highlights from the ratings report include:
37.50% is the gross profit margin for SOUTHERN CO which we consider to be strong. It has increased from the same quarter the previous year. Along with this, the net profit margin of 15.30% is above that of the industry average.
SOUTHERN CO's earnings per share improvement from the most recent quarter was slightly positive. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, SOUTHERN CO increased its bottom line by earning $2.55 versus $2.36 in the prior year. This year, the market expects an improvement in earnings ($2.65 versus $2.55).
The net income growth from the same quarter one year ago has exceeded that of the Electric Utilities industry average, but is less than that of the S&P 500. The net income increased by 3.1% when compared to the same quarter one year prior, going from $620.00 million to $639.00 million.
The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Electric Utilities industry and the overall market on the basis of return on equity, SOUTHERN CO has outperformed in comparison with the industry average, but has underperformed when compared to that of the S&P 500.
SO, with its decline in revenue, slightly underperformed the industry average of 0.7%. Since the same quarter one year prior, revenues slightly dropped by 7.5%. The declining revenue has not hurt the company's bottom line, with increasing earnings per share.
The Southern Company operates as an electric utility company. It is involved in the generation, transmission, and distribution of electricity through coal, nuclear, oil and gas, and hydro resources. The company has a P/E ratio of 18.2, below the average utilities industry P/E ratio of 18.4 and above the S&P 500 P/E ratio of 17.7. Southern has a market cap of $39.82 billion and is part of the utilities sector and utilities industry. Shares are down 2% year to date as of the close of trading on Thursday.
You can view the full Southern Ratings Report or get investment ideas from our investment research center.
--Written by a member of TheStreet Ratings Staff.
http://www.thestreet.com/story/11683202/1/southern-co-stock-buy-recommendation-reiterated-so.html?puc=yahoo&cm_ven=YAHOO
High Probability Of A Special Dividend Or Dividend Increase From Prospect Capital
http://seekingalpha.com/article/843121-high-probability-of-a-special-dividend-or-dividend-increase-from-prospect-capital?source=yahoo
Maybe just optimistic but I'll take it as a good possibility.
That's what we're laughing about Moon.
Read the right-hand column on the Yahoo site below.
http://finance.yahoo.com/q/ks?s=TADF.PK+Key+Statistics
:)
Face it. If Yahoo wanted to be taken seriously as a source known for accuracy, would they call themselves Yahoo?
Yahoo shows 3.28B, but again, that's Yahoo.
http://finance.yahoo.com/q/ks?s=TADF.PK+Key+Statistics
Please tell me how to get "rich" practicing with "time & sales".
If you want "FREE" just use IHUB.
Here:
http://ih.advfn.com/p.php?pid=trades&symbol=GERS
Not to worry Bill. I'm just pointing out a need for any and all info, good or bad, to have a verifying link to it's source.
It's not an attack on you.
Have a good weekend.
It's hard to "triple" something which doesn't exist.
Press Release Source: Quantum Fuel Systems Technologies Worldwide, Inc. On Thursday October 20, 2011, 1:22 pm
http://finance.yahoo.com/news/Quantum-Awarded-Contract-for-prnews-1947338079.html?x=0&.v=1
Here's IHUB's instructions for uploading pictures. Luck to you.
Image Upload
http://images.investorshub.advfn.com/boards/pix_upload.aspx
iHub recommends that you appropriately resize your images before placing links to them in your posts, profiles, and signatures!
Click Here to download a free Windows XP PowerToy Image Resizer
The XP Powertoy Image Resizer is a nifty utility provided free by Microsoft that enables you to resize one or many image files with a right-click.
Using your own computer you can either resize the original or create a resized copy of the original, then upload it to Investors Hub using the tool below.
Image Resizer is quick and easy to use, and a "must have" for any XP based PC.
Vista users try this or go here to resize your images online.
After preparing your image, you can upload it using the following tool. The link for embedding it into posts will be provided to you.
OR TRY THIS:
To post your picture on IHub: Just send the picture with your alias to support@investorshub.com
OR TRY THIS:
http://investorshub.advfn.com/boards/mypix.aspx
How do I add a Profile Picture?
For an image to be your profile picture, it must be in your MyPix Photo Gallery.
To upload a picture, click Browse [above], locate the image on your computer's hard drive, select it and click open, and click Upload. Once uploaded, click "Set As Profile Picture" below it. You'll then use a simple utility to 'crop' the image so that it fits within profile.
If there's an image on the Internet somewhere that you want to use, you need to save it to your hard drive first, then upload it as described above. To save an image to your hard drive, right click on the image and click "Save Image As..." and remember what folder you saved it in so you can locate it again!
Stock Market Holiday Calendar.
http://www.rightline.net/calendar/market-holidays.html
There is the HARTSFIELD-Jackson International Airport (Atlanta Georgia) ...but I doubt that is what you're looking for.
Ha. Someone's English and spelling improved suddenly.
It's called "fat fingers" in the market.
A trader was trying to place an order at .0009, but instead entered .009.
It happens. May or may not have been forgiven by broker...depending on the client.
Yep. Ya just can't separate the ignorant savages from investors. LOL
Well at least the ASK size is going down to reasonable levels. Remember how it used to hoover over a billion?
It's dropped 3 times since I've been watching. Currently only 14 Million.
Seems panic crowd is unclogging the toilet finally.
That's funny Bill.
If he does you in (even on purpose) all he has to tell your family is "Sorry. We did everything we could".
So maybe you should take that other poster's advice and find a new doc.
Notice too, this comment from a subscriber on that same article...
This lawyer gives a fair assessment of the argument of "fails to deliver" and is one of the best which I've read to date.
He acknowledges probable fraud for sure, but then again.......
http://seekingalpha.com/article/111852-will-comex-default-on-gold-and-silver
Hmmm. According to this article, even brokers can be victims of Market Makers. Interesting bag of tricks.
http://www.investopedia.com/articles/financialcareers/06/mmakertricks.asp
We're still waiting for the New Rules to rock the "shorters" boats.
New Rules Will Cause Panic For Shorts
Posted: Feb 25 2011 By: Jim Sinclair
Dear Friends,
http://jsmineset.com/
The following is information from Dr. Jim Decosta:
Here is the URL:
http://www.finra.org/Industry/Regulation/RuleFilings/2010/P121892?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+FINRARuleFilings+(FINRA+Rule+Filings)
Quote: There’s 3 new laws gaining attention in the NSS market reform arena:
FINRA 4320 goes into effect on 2/28/11.
It mandates 13 day buy-ins for open delivery failures FINALLY applying to shares of non-reporting corporations. FINRA 2010-043, also starting on 2/28/11 reinstates the “short sale exempt” (SSE) marking requirements for trade reporting and the OATS system. Those MMs accessing the bona fide MM exemption from executing pre-borrows or “locates” before admittedly naked short sales must now FORMALLY acknowledge the accessing of that universally-abused exemption.
Being that these trades are theoretically being made to “inject liquidity” then the excuse to hide the related trade data from the public’s eyes goes out the window. You can’t have it both ways and claim the bona fide MM exemption and later claim that the related trade data needs to be kept secret because it might reveal a “proprietary trading strategy”.
Truly bona fide MMs that are able to legally access that universally-abused exemption cover their naked short position on the next downtick after their short sale when buy side liquidity is in need of being ejected as share prices fall.
The 3rd new rule which is in effect now states that the offers and bids that MMs post must be of approximately the same size. No longer can the offers be of 1 million shares and the offsetting bid good for the minimum 5,000 shares.
The verbiage in 4320 is especially well done as it FINALLY puts the clearing firms that aid and abet this crime wave on the spot.
With the FFETF, which is made up of 25 different agencies, now on the scene the transparency has increased markedly. You can imagine how critical the lack of transparency is to a crime involving selling nonexistent securities and then refusing to ever deliver that which you sold AFTER being allowed access to the funds of the investor being defrauded.
Here are the links to the rules SR-FINRA-2010-028 and SR-FINRA-2010-043:
http//www.finra.org/Industry/Regulation/RuleFilings/2010/P121522
Notice the part I marked in bold in the quote above:
"FINRA 4320 goes into effect on 2/28/11.
It mandates 13 day buy-ins for open delivery failures FINALLY applying to shares of non-reporting corporations."
I'm going to take a wait and see approach. For one thing, a rule that is not enforced is no rule at all. Enforcement has been a real problem. Here is some further commentary from taskforceviking.
What this means for investors and traders is that many of the games large brokers and market makers use to manipulate a stock by holding down investor interest through short selling, or by using a small sell to offset a large buy to keep a stock from moving in a particular direction, will be illegal, and open to investigation.
Examples of this type of manipulation occur when investors put in bids to purchase say, $100,000 shares of XYZ stock at the current market price of say 10.00 per share. The market maker will purchase those shares in the open market in blocks as they can accumulate shares until the purchase is completed. Then, a market maker will bring down the price through manipulation, by selling short a block of say 5000 shares at $9.95. The ratio of strong buying to selling was 20:1, but after both transactions took place, the stock actually fell $.05.
Thus the market maker controls the market of stock through manipulation, instead of simply allowing for the equity to move according to natural market forces.
Horror stories abound of market maker manipulation and naked short selling. There was even a proven case where an investor owned 150% of the shares that a company legally had in the market. This means, 50% of the investors shares were invisible and were created out of thin air, established through naked short selling by a broker, or market maker.
Tomorrow begins a new day for the US markets, and new rules that could prove interesting for investors. If the SEC and FINRA follow through with enforcing these new rules, then we could see the markets skyrocket upwards as short sellers desperately battle to purchase their necessary stock back at any price.
This new rule seems to be rather equivalent to the uptick rule - yes, it slows down shorting and naked shorting, but it does not address the fundamental problems as I have described (duplication, transparency, misleading stats, etc.) Since it is entirely dependent on effective enforcement, rather than outright ban, it is subject to the kind of systemic failure, biased reporting, jaundiced oversight, money manipulation, captured regulators as Taibbi notes in his latest article. So while its better than nothing, and longs on message boards may see some respite for awhile, I suspect the comfort will be short lived.
---------------------------------------------------
This was great reading too....
How Financial Engineers are ruining the market, the economy and your life.
The truth about Shorting Stocks.
Robert Innes Dec 18, 2008. Updated from time to time.
http://www.stopshortingstocks.com/
That was fun reading. Thanks.
This quick reference chart should help everyone determine just which form they are talking about and whether to research the definition further.
http://learn.westlawbusiness.com/support/formtypes.html
Can you imagine trying to pinpoint the individual(s) responsible for any particular problem? Maybe the regulatory agency employee(s) are crooked, incompetent, or complicit in some corruption somewhere....whatever. Just try pinning any guilt down to an agency, unit, office, or individual in that mess of oversight.
It was set up with that in mind IMO. No way to point the finger at any guilty party.
Yes, Hannity just headlined it on his intro. Terrible mess.
News for 'LLEG' - (Laidlaw Energy Group, Inc. Announces Update Regarding the Sale of Its Interest in the Berlin, NH Biomass Facility)
NEW YORK, Sep 16, 2011 (BUSINESS WIRE) -- Laidlaw Energy Group, Inc. (Ticker
"LLEG") (the "Company") announced today that Newco Energy, LLC ("Newco"), an
affiliate of Cate Street Capital of Portsmouth, New Hampshire, has refused to
make a payment of approximately $5,000,000 to Laidlaw BioPower, LLC ("LBP") that
is required under the Purchase and Sale Agreement dated as of August 27, 2010.
The Company and LBP consider Newco's actions unjust and a breach of the express
terms of the purchase agreement and a default under the note issued by Newco to
LBP. The purchase agreement relates to the sale by LBP of its interest in the 75
megawatt Berlin, New Hampshire biomass-fueled electrical power generating
project. The payment to LBP was due contemporaneously with the recent project
finance closing for this project which occurred earlier this month. The Company
is a member of LBP and is owed approximately 50% of such payment. After certain
adjustments, the amount of the payment that the Company should receive is
estimated to be between $2,225,000 to $2,375,000. LBP has commenced the dispute
resolution procedures provided in the purchase agreement. The Company and LBP
believe that Newco does not have a right to withhold such payment and intends to
vigorously pursue all remedies available to them, including instituting binding
arbitration as provided in the purchase agreement.
The Company is disappointed that Newco has failed to pay LBP amounts due under
the purchase agreement and expects that it will ultimately receive its share of
all amounts due under the purchase agreement.
About Laidlaw Energy Group
The Company is engaged in the development of independent power plants that
generate electricity from renewable resources, with a particular emphasis on
biomass power and combined heat and power projects. The Company's mission is to
build and manage a profitable portfolio of generation facilities through the
development of new facilities and the acquisition of existing facilities, and in
so doing become the leading supplier of biomass power in the United States. The
Company is headquartered in New York, New York.
This communication contains statements expressing expectations of future events
and/or results which may include, without limitation, statements concerning
anticipated financial performance, business prospects and similar matters. In
some cases you can identify those so-called "forward-looking statements" by
words such as "may," "will," "should," "expects," "plans," "targets,"
"believes," "anticipates," "estimates," "predicts," "potential," or "continue"
or the negative of those words and other comparable words. Such statements
constitute forward-looking statements made pursuant to the Safe Harbor provision
of the Private Securities Litigation Reform Act of 1995. All statements based on
future expectations rather than historical facts are forward-looking statements
that involve a number of risks and uncertainties, including the resolution of
LBP's dispute with Newco, and the Company cannot provide assurance that such
statements will prove to be correct. The Company undertakes no obligation to
update or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
SOURCE: Laidlaw Energy Group, Inc.
CONTACT:
Laidlaw Energy Group, Inc.
Edward D. Meyers, 212-480-9882
Vice President -- Investor Relations
Copyright Business Wire 2011
There are good reasons for halts too...not just bad. Don't panic yet.
A trading halt-which typically lasts less than an hour but can be longer-is called during the trading day to allow a company to announce important news or where there is a significant order imbalance between buyers and sellers in a security. A trading delay (or "delayed opening") is called if either of these situations occurs at the beginning of the trading day.
http://www.rightline.net/education/halts.html
Just a little news update:
The Babcock & Wilcox Company (B&W) (NYSE:BWC) announced today that Babcock & Wilcox Construction Co., Inc. (BWCC) has been awarded a contract worth more than $186 million to engineer, procure and construct (EPC) a biomass power plant for Berlin Station, LLC in Berlin, N.H. A subsidiary of Delta Power Services, LLC, a B&W company, has been awarded a separate six-year contract worth more than $19 million to provide operations and maintenance services (O&M) for the plant.
http://www.babcock.com/news_and_events/2011/20110913a.html
Unlike the Department of Justice, which openly identifies its targets, the SEC staff follows a long-standing policy against providing any information to its targets. If a witness or target asks about the focus, status or target of an investigation, the SEC staff is instructed to disclose only that the investigation is a non-public fact finding investigation and that the staff is prohibited from discussing the status or any potential targets.
http://www.cormorllp.com/html/secpublication.htm