is looking for the next breakout opportunity!
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CRMD is one I'm watching - had a very nice run on that the last time
FEEC is a good gamble play. Lots of potential and story there, but the company doesn't seem to know how to get things done (or are just good story tellers)
Haha I have no idea
If you find out, let me know ;)
Far East Energy Provides Drilling Update and Details for Operations Update Conference Call
http://www.prnewswire.com/news-releases/far-east-energy-provides-drilling-update-and-details-for-operations-update-conference-call-124339999.html
HOUSTON, June 22, 2011 /PRNewswire/ -- Far East Energy Corporation (OTC BB: FEEC) today announced a drilling update on the Shouyang Block and details for an upcoming conference call.
Drilling Update
The drilling of pilot development test well P18 is now complete and scheduled for fracture stimulation in the coming month. The SYS05 well is still proceeding and is near core point on the #15 coal seam. These wells represent test wells reaching out as far to the east and south as the Company has drilled to date. The SYS05 well is located far into the lower half of the block, approximately 14 kilometers south and 22 kilometers east of the SYS02 and 35 kilometers south of the producing 1H area. Pilot development test well P18 is located 26 kilometers southeast of the 1H area, in the far eastern area of the block.
These wells give the Company an expanded look at the permeability of the #15 coal seam at a significant distance from its present producing area and considerably beyond the recently drilled SYS02 and P12 wells. Preliminary results indicate high permeability could extend to the furthermost wells of the Shouyang Block.
The Company is presently connecting 19 previously drilled wells to its gathering system. These 19 wells, along with 3 wells currently being drilled and 4 wells at locations prepared for drilling, are expected to add 26 additional wells to our original gathering system, bringing the total number of wells tied to the gathering system to 56.
Operations Update Conference Call
The Company will host an operations update conference call on Monday, July 25, 2011 at 11:00 a.m. Eastern Daylight Time (10:00 a.m. Central Daylight Time), when David Minor, the Company’s new Executive Director of Operations, returns from the field. Michael McElwrath, CEO, will introduce Mr. Minor, who will discuss the Company’s projects and progress as well as development plans. Mr. McElwrath will provide an overview of new contingent resource data which is expected to be received mid-July.
Conference Call Details
To participate in the conference call, participants have the option to listen only to the call; or, to listen and submit questions for the Q&A segment of the call by accessing a link which will be posted on the Company's website. Please note: questions can only be submitted via the conference link which will be posted on the Company's website at: www.fareastenergy.com.
Date:
Monday, July 25, 2011
Time:
11:00 a.m. EDT – 10:00 a.m. CDT
Dial in access:
1-800-860-2442 (U.S. participants toll free)
1-412-858-4600 (International participants toll free)
1-866-605-3852 (Canadian participants toll free)
Request connect:
Far East Energy Conference Call
Call and Q&A:
www.fareastenergy.com
Also liking CRMD again... not time yet, but could do another big run for us
FEEC at $0.26 now
Might be worth picking up some before next week's conference call
I'll be on a short vacation that day... but someone here might want to watch it
Best of luck to ya :Thumbsup:
Yeah, if the fundamentals are good
Would have liked to see it ease into the support level rather than hitting it with a thump - could be short lived
Nice!
Wonder what the MPG is on that
It's early in my opinion
No signs of a reversal yet, but you never know, sometimes they like to come back up with no warning.
STOCH looks good on it
I don't think they will let hit happen, but it's not like there's a 0% chance of it
Assuming this isn't some kind of show for us citizens, I'm glad they are finally taking it seriously
My guess is that it will be some compromise that sounds good, but is only a fractional change to the way we've been handling things
You too! Looking forward to some time off!
Good morning!
Looks like it'll be another green day
Canaccord Genuity Reiterates a 'Buy' on Cytokinetics (CYTK); Takeaways From Meetings on the Road with Management
June 2, 2011 8:25 AM EDT
http://www.streetinsider.com/Analyst+Comments/Canaccord+Genuity+Reiterates+a+Buy+on+Cytokinetics+(CYTK)%3B+Takeaways+From+Meetings+on+the+Road+with+Management/6554659.html
Canaccord Genuity reiterates a 'Buy' on Cytokinetics (NASDAQ: CYTK), PT $6.
Canaccord analyst, Ritu Baral, says, "We see CYTK shares as inexpensive on potential of CK357/ skeletal muscle and AMGN-partnered omecamtiv/cardiac muscle programs. We think CK357 Phase 1/2 proof of concept data in ALS and other muscle-wasting diseases show great potential. Further, we think CYTK’s omecamtiv partner Amgen is serious about developing omecamtiv for heart failure."
For more ratings news on Cytokinetics click here and for the rating history of Cytokinetics click here.
Shares of Cytokinetics closed at $1.37 yesterday, with a 52 week range of $1.20-$3.00.
Canaccord Genuity Reiterates a 'Buy' on Cytokinetics (CYTK); Takeaways From Meetings on the Road with Management
June 2, 2011 8:25 AM EDT
http://www.streetinsider.com/Analyst+Comments/Canaccord+Genuity+Reiterates+a+Buy+on+Cytokinetics+(CYTK)%3B+Takeaways+From+Meetings+on+the+Road+with+Management/6554659.html
Canaccord Genuity reiterates a 'Buy' on Cytokinetics (NASDAQ: CYTK), PT $6.
Canaccord analyst, Ritu Baral, says, "We see CYTK shares as inexpensive on potential of CK357/ skeletal muscle and AMGN-partnered omecamtiv/cardiac muscle programs. We think CK357 Phase 1/2 proof of concept data in ALS and other muscle-wasting diseases show great potential. Further, we think CYTK’s omecamtiv partner Amgen is serious about developing omecamtiv for heart failure."
For more ratings news on Cytokinetics click here and for the rating history of Cytokinetics click here.
Shares of Cytokinetics closed at $1.37 yesterday, with a 52 week range of $1.20-$3.00.
Good morning!
Been watching/trading CAK... keep an eye on it ;)
Any thoughts on FEEC? OTCBB with $121 M market cap
Been following it for two years, trading in and out. Huge story, massive potential, but still no revenues showing in SEC Filings after all this time. Lot's of money has been poured into this company and big names are involved, so I do think it's worth digging deeper, but I'm not an expert in this industry.
Any of the folks willing to do some DD on this company? Take a look at this news for an idea on potential...
Far East Energy Reports Net Present Value of Shouyang Block Contingent Resources
HOUSTON, April 6, 2011 /PRNewswire/ -- Far East Energy Corporation (OTC BB:FEEC.ob - News) today announced the results of an independent report by Netherland, Sewell & Associates, Inc. (NSAI) evaluating, as of December 31, 2010, the contingent gas resources and Net Present Value at 10% Discount ("NPV10") of the net contingent cash flow for the three target coal seams in Far East Energy's 485,000 acre (1960 square kilometers) Shouyang Block, situated in Shanxi Province, China.
The report gives a Best Estimate of NPV10 of $738.3 million, and a High Estimate of $1.46 billion, net to Far East.
"Obviously, this is a very strong report, and one with which we are well pleased," said Michael R. McElwrath, CEO and President of Far East. "These estimates highlight the robust economic potential of the Block. And, it is important to note that we hope and believe that these numbers are just the beginning, as meaningful improvements in well-by-well gas rates and sustainability – which we certainly expect as we further develop, dewater, and optimize production – should have the impact of increasing these estimates, as well as reclassifying some of these resources as reserves."
McElwrath continued, "This report includes only our interest in the Contingent Resources and, of course, does not constitute a reserves report. While, under the terms of our gas sales agreement, we received payment for gas at year-end 2010, we did not flow gas through the system until mid-January, and even then that was frequently interrupted as we worked out the bugs in the gathering system during the testing and commissioning process. That lack of gas flow at year-end and our anticipation of frequent interruptions as testing and commissioning occurred, led us to decide that under the applicable rules we did not have a sufficiently completed gas sales system functioning as of year-end to recognize proven gas reserves in our December 31, 2010 financials. We will recognize proved gas reserves as appropriate in 2011, and will also provide a report indicating the probable and possible gas reserves at that time."
McElwrath continued, "With our current cash balance of $34 million, we will again accelerate the pace of our drilling program, and drilling should be funded until approximately the end of 2011. Additionally, we are also targeting a total of 200 to 250 wells in 2012, and 300 to 400 in 2013. Of course, the costs of these accelerated outyear drilling programs will be partially offset by growing revenues from gas sales, and discussions are underway with several international banks and other institutions for debt financing. Shouyang's potential becomes more apparent with each successive independent analysis that we receive, and we will proceed apace to realize the value of the underlying resource."
Looks like someone called the bluff and pushed through 17k
100k block now supporting the bid
Possible short covering going on
Since about 11am, there's been a block of 50k or so on the L2s at 1.50.
Been a real good stock to me :) - Sold the shares I bought earlier this week at 1.54 then bought back at 1.42
Really like the story here
Any thoughts on FEEC? OTCBB with $121 M market cap
Been following it for two years, trading in and out. Huge story, massive potential, but still no revenues showing in SEC Filings after all this time. Lot's of money has been poured into this company and big names are involved, so I do think it's worth digging deeper, but I'm not an expert in this industry.
Any of the folks willing to do some DD on this company? Take a look at this news for an idea on potential...
Far East Energy Reports Net Present Value of Shouyang Block Contingent Resources
HOUSTON, April 6, 2011 /PRNewswire/ -- Far East Energy Corporation (OTC BB:FEEC.ob - News) today announced the results of an independent report by Netherland, Sewell & Associates, Inc. (NSAI) evaluating, as of December 31, 2010, the contingent gas resources and Net Present Value at 10% Discount ("NPV10") of the net contingent cash flow for the three target coal seams in Far East Energy's 485,000 acre (1960 square kilometers) Shouyang Block, situated in Shanxi Province, China.
The report gives a Best Estimate of NPV10 of $738.3 million, and a High Estimate of $1.46 billion, net to Far East.
"Obviously, this is a very strong report, and one with which we are well pleased," said Michael R. McElwrath, CEO and President of Far East. "These estimates highlight the robust economic potential of the Block. And, it is important to note that we hope and believe that these numbers are just the beginning, as meaningful improvements in well-by-well gas rates and sustainability – which we certainly expect as we further develop, dewater, and optimize production – should have the impact of increasing these estimates, as well as reclassifying some of these resources as reserves."
McElwrath continued, "This report includes only our interest in the Contingent Resources and, of course, does not constitute a reserves report. While, under the terms of our gas sales agreement, we received payment for gas at year-end 2010, we did not flow gas through the system until mid-January, and even then that was frequently interrupted as we worked out the bugs in the gathering system during the testing and commissioning process. That lack of gas flow at year-end and our anticipation of frequent interruptions as testing and commissioning occurred, led us to decide that under the applicable rules we did not have a sufficiently completed gas sales system functioning as of year-end to recognize proven gas reserves in our December 31, 2010 financials. We will recognize proved gas reserves as appropriate in 2011, and will also provide a report indicating the probable and possible gas reserves at that time."
McElwrath continued, "With our current cash balance of $34 million, we will again accelerate the pace of our drilling program, and drilling should be funded until approximately the end of 2011. Additionally, we are also targeting a total of 200 to 250 wells in 2012, and 300 to 400 in 2013. Of course, the costs of these accelerated outyear drilling programs will be partially offset by growing revenues from gas sales, and discussions are underway with several international banks and other institutions for debt financing. Shouyang's potential becomes more apparent with each successive independent analysis that we receive, and we will proceed apace to realize the value of the underlying resource."
FEEC continues to fall
Still haven't bought back in but may soon... still doesn't feel quite right
wow, didn't expect the 50sma to break - probably taper off tomorrow considering its Friday and the length it's already fallen
yeah, I think that's a good trade
Pretty amazing
Only $7 to go
Pretty amazing
Well, it's not as obvious as it was before... it could go either way now. Really depends on what the fed does, but if rates start going up and the economy starts to slow down, it will start going down again, possibly rapidly.
People don't talk about deflation much, but it is still a realistic possiblity.
Not much further to go
Amazing
Wasn't going to
Now let's see what happens.........
Good morning!
Wow, check that out
Thought it would be higher by now
TY
Got your PM and added you on as a mod
Welcome to the team!
Good morning, I'm actually wearing a Nike sweatshirt this morning :)
Good support between $4 and $3.50
Would've been nice picking up on that dip yesterday!
Watching
Keeping the position I have
There's definitely a channel going on. If it breaks the channel, I wouldn't buy. It's a little weak already if you notice the stock didn't hold the 50SMA like it did on the last dip.
STO and Williams are definitely ready for a bounce though
Money flows are mixed, but mostly negative.
If you buy, keep a tight stop
Some amazing discounts out there this morning...
Could very well
yes, I guess in this case potential would be much more accurate. Usually I buy companies that are already profitable and growing revenues, but trading at very low valuations (CELM for example).