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I think everything just got so oversold that stocks in general are moving almost in tandem to a higher low.Hun needs to see a profitable quarter to pop.JMHO
I'm finaly in the black with HUN,hit the $3 mark.Nice moves even after the div payout.
Hope your right.I only own 570 shares bought at 2.99 may purchase a few more,especialy if some of that 1.35 billion comes back to investors in a special dividend.A possibility or at least some repurchase of outstanding shares.
Wonder if the stock will drop when it goes ex div soon?
I think I will buy back in!Just holding out to get a 10 cent divedend out of Huntsman(hun)ex div 3/12.Not bad for a sub $3 stock.The new presentation on GTE site answers alot of my questions.Plus they are not going to spend much in Argentina, which is wise,fixed prices,poor profit margins and then add in a 35% income tax.The conference call, also on gte web site,shed some light on operations,and for good or bad,depending on oil prices, gte has almost no hedging,so as oil goes so does gte.Yesterday Raymond James downgraded it to $4.So no hurry to rush in because RJ must of looked at all this new information and facts before downgrading.Plus Peru won't be developed until 2010 and this is the big enchilada,the bad is a new regime comming in Peru soon and this is South America. Check out the presentation it will show you what to expect at WTI oil prices at 40,60,80 pages 38-46.Columbia will get most of the $178 mil and could bring good news with about one well drilled per quarter.No debt!A buy imho and if oil ever goes above the $40 range great profit potential.
Ok,I'm loading up at $1.72,again you said that is the exact low?LOL,GLTY
Vegas it went thru your chart low by 22 cents.Do you see a 2.00 low?I am going to try and buy at or below 2.If report is as negative on Wed as I think it will be we could see $1.75 and we should have some time to accumalate unless oil spikes.JMHO,if someone is on the conference call it would be nice to know what argentina has fixed the buy price for oil.When it was over $110 they were paying less than $36.
I know a lot of people thought $2.50 was the rebuy point but as I have been saying for over a month look for a close closer to $2.The last quarter should come out very soon,my quesstamit is 8 cents,which is about half of last quarter!The good point is 3 times more sales,the bad point is less than 1/3 the price;also the Canadian dollar was almost on par,but now it is discounted by 20%.Argentina also doesn't pay spot price but just makes up a price to pay and collects outrages taxes.Gte should not spend one dollar in Argentina ever!They need to keep cash and diversify out of South America.They have a lot of cash and many proved properties in North America are selling on the cheap.This company is boxing themselves in and doesn't need too!Nationalization is a big risk and needs to be discounted.Management is good but isn't ahead of the curve.glty.Keep an eye on Argentina they are going to steal these properties! JMHO
Two downgrades today,The stock has fallen from $3.50 to 2.70,and yes reserves increased 200%;which we all knew would happen,but selling their oil at at 1/3 the price.Should hit close to 2 dollars within a very short time I thought quarterly results would be out this week and will be weak,very weak!If they postpone results much longer it always means worse news!Everyone quickly posts good results but delays poor performance.Glty,still a good trade in these channels.
Yep,but lets give it a week and see if triple prodution at 1/3 the price equates to the current price.Of cource I don't own now and don't need to buy if the stratedgy fails.I have been and expect to be wrong again.But I wouldn't buy at these levels unless oil goes higher.I've already made money on gte,so I can find a better trade.It is a good company and buy and hold might work.
Well as they say past preformance is no indication of future results but this trade of buying below 2.50 and selling around $3 has worked.I'm hoping it works again.I think quarterly results should be out in next 7 days.And if I'm right below 2.50 again hopefully close to $2.JMHO and I could be wrong.
I agree with what the charts show but I also know that last week we had 3 or 4 buying ops below my 2.50 target with a interday low of 2.44 on Wed?.These swings have made me a little money.This week was the sell week and early Feb.will be the next buy.The chart points up but results for last quarter will be enough to send stock close to $2.Also I believe the first quarter of 09 will dissappoint;production will hit 15000 bbls but the price will be 1/3 of last June,a smallwe increase in revenues then expected.JMO,I don't think the trend line will hold.The swings of 30-40 cents seem small but for a 2.80 stock thats a nice profit on a percentage basis.I could be wrong and if the price of oil goes up I will be wrong.GLTY,and your chart reading is spot on!It is a good stock,with great management.Again just my opinion.
According to pinksheets.com there is not a market maker for edex.It says use caution when buying cause all quotes are unsolicited,and selling maybe difficult.
Well at least we are making money in GTE.The stradegy has worked so far.Yes EDEX is done,was that PIP a scam or what?
Good trade,I been in and out at a $2.50 buy and below and am currently out waiting for 2.00,which I expect to come in the first 10 days of Feb.,when I think earnings will greatly disappoint.Plus even if they ramp up production to 15,000 barrels a day,that income won't equal what they got in June at $103 a barrel at 4500 bbls a day.Plus I once read what the price per barrel was but can't find it now,but I believe it is fairly high.GLTY
Nice info,thanks for the post.Wow,what a build in inventories today,and its winter and been frigid.Glty
No one would make a deal on Mesa at $14.00 a mcf and absolute fool wouldn't part with his money at $4.95 a mcf; plus Tom never tested the well!But I quess you need to have gas before you flow test!All's we have is Tom word which is as worthless as this stock.I again don't think you could cook a hot dog over the Mesa well.JMO
Does any one Know the price per barrel for GTE in Columbia to break even?I seem to remember it was rather high.Thanks
Have you seen the movie Titanic,well I hate to spoil it for you but the boat sinks,how about the Alamo with John Wayne,well I hate to spoil it for you, but we loss and John dies,and the EDEX saga ,again I hate to spoil it for you,but you can stick a fork in her,she's cooked!
Yes,I'm eating crow.Spicy BBQ'd legs and wings.Great with a 6 pack of amber ale.OOps just swallowed a feather,guirigle,burp,better open another Fat Tire.GLTY
I said I couldn't find it,and that the people I asked couldn't find anything around the first 2 wells.I was under the impression they were exploring a field not jumping all over the state of Ill.So if that is wrong,ok,I'm wrong.Since EDEX doesn't have a thing in their name and has never disclosed any material facts,you have to really dig,or just believe in Tom,PIP and that the company actually has some agreements with somebody.I've never seen any contract or details and can't find one lease in their name,including Mesa.Maybe when they become a fully reporting company,oh that's another lie.Don't get me started!Or I might say I don't believe PIP is 70+% accurate in finding commercial oil and gas deposits.Yes I made an honest mistake,and everyone who got out missed the dry hole and saved money.Do you think EDEX will be around to drill another one of these dry pip holes?The oil industry is slowing and EDEX is broke.
Visited with the head of Illiana Energy today.They were the company overseeing the Leka well and the Gephard Farms well.He meant Tony and Calvin but not Tom,Geosurveys wanted someone in state that was already bonded and licensed to get well started so they didn't have to jump threw all the hoops.He got the driller and made sure the bills got paid ect.He didn't know anything about PIP and the best well around was only producing 100bbls a day.Thats would only be 5 gross to EDEX.The price per barrel he told me was $29.Also things have really slowed down,some of this is seasonal.The wells and formations were dry as we all know.Not much info,but had a nice visit and was told if I needed any info on wells in Illinios to contact him.Also put GORO on my watch list,and when MVG gets a higher buyout bid for their silver mine which I expect soon in the $6 range may buy.
Yes,the strike has ended but production hasn't restarted as of yet.Gte has lost up to 80% of their production,according to Bloomberg,since late November.Dana Coffield says they will start evaluating the restart and what is needed to get back up and running.I didn't get bought back in at $2.40 but may get another chance since next quarter results should be disapointing to say the least and past PE is high compared established oil companies Conoco Phillips is less than 5 with a big dividend and GTE is 9.2 according to Scotrade.They need a big hit to get moving again or higher oil prices.Plus the South American ties hurt.Glty,I will be buying on dips back to the low 2's.JMO
I haven't bought back in yet,lots of international news besides what you mentioned; Hugo Chavez is going to take over the gold companies assets.Ecuador defaulted on bonds.Strike in Columbia I think is continueing.If this company wasn't in S.America it would be at much higher levels.Oil might pop with all the unrest but GTE is not getting oil to market and this may show up significantly on next quarterly report.Also I would like to see them hold on to a lot of their cash.I like GTE but am cautious.Glta
The info on the loan, plus curent quarterly report can be read at "pinksheets.com" type in EDEX then click on filings.Also found out today that Wm. Jones dumped 300,000 shares last month.Only asset I see is a computer,when I went thru leases a year ago EDEX hadn't a lease in their name including Mesa!I checked BLM and state of New Mexico and North Dakota records at that time.Merry Christmas to all,and I'll post after holidays on Il.and what partner has to say.
The dry hole was not part of the same area,it wasn't in southern ILL.The Il. Oil and Gas division office would be the Springfield office not the Centralia office as this PiP dry hole was in cental IL.The people who I trusted were right in that no well meeting the criteria I set forth was drilled in their division.I haven't had time to contact the Springfield Office but will; and plan to contact EDEX's partner and check on their 5% stake.I believed the 3 wells would be testing in the same area and based my search on that info.
Where is Tom "Madeoff" with our money at?Possibly in ILL. watching the tanker trucks back up to our well?Remember he said we are looking for company makers,elephants ect.He did say Tues just not which one.Three plus years ago he said he wouldn't put out a date or timeline he couldn't meet,learned his lesson about Mesa.Well this qenuis has done the same thing at least a dozen times,does he expect different results?Oh,thats the definition of a fool!Can't we get one concrete name from this BS'er.He wants to be fully reporting but he is just full of it?Tomfoolery can't you finally put up or shut up?Permit #,well name,partner we have our stake with?Anything that is verifiable.So easy even a cave man can do it,so a qenius like you should be able!LOL
Hey,Wildcatter or Tophat,give me the name and permit# of this well in ILL.and I'll call that company:should be at 10,000 feet by now,I'll ask if we have a 5% stake in it and if this is correct I'll ban myself!Easy ain't it?
But he left his Kingman post up which accuses you of being an alias and I was just joking.At least this censorship will end in 12 days when Tophat is self desposed.
It's worked for me sold 3 or 4 times and bought back at or close to $2.Just waiting for another chance to trade in the channel.Glty
The strike in Columbia contnues and don't know when it will end!Oil prices below $39.I think company should scale back on exploration programs in such uncertain times.Cash is king,buy cheap,proven reserves.Quarterly results will be impacted.I would hold off buying more till lower stock prices,still good company.
Dragon,look 120 thousand shares sold for minus $5.80 cents if you use Scotrade.Does't Tom answer your phone calls anymore?Phone off the hook?
I know,and I feel bad for people that kept buying believing in Tom,Pip or any statement EDEX ever made.Most say we went in with open eyes but I say the way it was promoted especially in the beginning with Mesa; almost was a sure thing! Watch his video where he states I don't know how I can be wrong.Strongest PIP signal ever!Then he continued to profess that PIP was the greatest thing since sliced bread,if you promise 70% plus rate that's not gambling we all knew we had to hit,we just had to!The Odds dictated it!So yes,you and I bought,but based on lies,misleading fiqures,incompetent management!In the old west someone would be warming up the tar or getting a rope.
Your just trying to drive the price down so you can pick up more at a cheaper price.LOL. Never seen 4 zeros then a one.Remember 70%+ chances for PIP,according to Tom and recently confirmed by Tom!I'm sure they are backing up the tankers right now in Ill.cause drilling was just a formality.Can't miss with PIP.
5000 shares sold today for fifty cents.Tax selling.Not even a Bid!
Last word on this subject.Post 22698 by Tom explains he repeated a message given to Tony by United but he never verified and thus released the wrong info,which I pointed out wasn't going to happen,because I knew the rig was not on its way.But who cares?What's up in ILL?
I won't argue but I released info that the driller wasn't even on its way when Tom said it was!I called United Drilling and then reported it here.I'll go back and find post and give you number.I talked with the people who were going to do the drilling before they arrived!I knew before Tom did.Posts from Dec.06 are no longer available.Also posted no permits were issued to test Mesa and none ever were.Post 15551
I called GTE to find out if production has resumed and got no response!Does anyone know if strike is over?
I am telling you what I know about Ill. well activity over the past week.This was by phone conversation with Ill.Oil and Gas Division again today and a second person looked once more thru the records for the Centralia District.I waited till 2 people stated they found nothing because one could of overlooked it but 2?Possible,I've always been able to confirm every well before and this time I came up with nothing.Maybe bad DD,but I doubt it!Maybe I'll have to eat crow,but at least I know were to get some reciepes,right Dragon.LOL
He helps with the permiting,monitors the wells,their progress,violations ect.If you contact alan "dogcentralia@illinios.gov" and ask nicely he will tell you all he knows about that region of Ill.and well and permiting activity.Nuff said if there was any good news then Tom would of told us he only hides bad news then stock goes down and down,then a PR confirming what the stock price already told us.Nothing is a secret that why stocks almost always move before an announcement.