BB's Stock Haven

[Waverider110]

PBLS....



I added some more PBLS today.
Here is why I added :

This hint from the 10/06/05 PR should be taken very seriously:
"...The company has also added additional human resources to pursue work through the U.S. Army Corps of Engineers, the Federal Emergency Management Agency (FEMA) and regional contractors that have been assigned work in the disaster relief."

FEMA has put the screws to the prime contractors who were awarded those positions without bidding. The sub-contractors being chosen by the prime contractors were not LOCAL COMPANIES NEAR GROUND ZERO WITH LOCAL FOLKS WHO WERE OTHERWISE OUT OF WORK. The sub-contracts were going to the outside carpet baggers and there would be political hell to pay, especially around election time, if FEMA did not put the brakes on and ORDER NEW subcontractor rules a week or two ago. PBLS is going to have some government contracts in a few of its divisions. It will also be able to expand with the Katrina/Rita legislation and tax incentives to get the local folks back to work.


I THINK THAT THIS PORTION OF THE 10/06/05 PR IS SIGNIFICANTLY UNDERSTATED: "3-D BUILDERS-Phoenix management anticipates that the acquisition of the residential construction company will add over $2 million in revenue and be accretive to earnings in the current fiscal year alone. These estimates do not include revenue that could be realized from the post-disaster rebuilding effort in which CNN.com, subsidiary of Time Warner (NYSE:TWX), has reported that between 140,000 and 160,000 homes need to be leveled and rebuilt in and around New Orleans."

3-D is moving into LA. as we speak to build shelters for folks before the weather turns. Winter is not the time to camp out, even in LA./Miss. and many homes in southern LA. have mold infestation preventing many from breathing the spores. These poor people have to live somewhere and there are not enough mobile homes and tents are not acceptable in winter. Look for 3-D to be building public shelters in LA. In Miss., there is little mold problem. The Mississippi coastal homes are gone and need to be rebuilt. Heaslip and 3-D will generate income starting NOW.


I THINK THIS PORTION OF THE 09/26/05 PR IS SIGNIFICANTLY UNDERSTATED: "...The acquisition of Rome Oil and Mid-South Resources will add a minimum of $1,368,000.00 in revenues for Phoenix for calendar year 2005, with expectations the two oil companies will generate over $12,000,000.00 in revenue for the company in 2006. Phoenix is able to acquire these two oil and gas companies with stock and a small cash payment. After paying for the acquisition, Phoenix coffers are still healthy enough to finance and bring into production the next ten wells which our research indicates will be the most profitable."

I'm looking for PBLS to support the stock price soon. Restricted Stock will be available someday to sell, a few years down the road. The owners of these oil companies were shown why PBLS stock is valuable and will be more valuable in the future. Why else would they sell their valuable assets to PBLS unless the full disclosure was very convincing? Oil and NG will only be more valuable in the coming months and years. Now the company needs to reveal more about the cash flow value and the long term value of these new acqusitions. IF the cash and stock paid for these energy companies was valuable, what is the value of the acquired companies? This is a burning question and it needs to be answered. Here is the context of any potential answer:

Wholesale NG this winter may be $15/16 depending on temp.:
http://www.eia.doe.gov/emeu/steo/pub/contents.html

Retail Outlook:

2005 – 2006 Winter Fuels Outlook: The average U.S. household will spend about $260 more for heating this winter as compared with last year depending on type of fuel used, location, and home size said EIA’s Administrator, Guy Caruso, during the Annual Winter Fuels Conference in Washington, DC, on Wednesday, October 12. Citing figures from EIA’s latest Short Term Energy Outlook, released on Wednesday, Mr. Caruso also emphasized that the forecasts could change based on future weather, storms, and the pace of restoration to oil and natural gas production and infrastructure in the Gulf of Mexico. Prices and expenditures for natural gas are projected to show the largest increase of all the heating fuels as compared with last winter. The price of natural gas to residential customers is expected to average $15.95 this winter, which is a 43.4 percent increase from last year. Natural gas heating bills are expected to be higher in all regions, with increases ranging from 32 percent in the Northeast to 61 percent in the Midwest. On average, households heating primarily with natural gas are expected to spend about $350, or 48 percent, more this winter in fuel expenditures. Households heating primarily with heating oil can expect to pay, on average, $378, or 32 percent, more this winter. Contributing factors to the predicted increase in fuel prices include: low levels of spare crude oil capacity, political tensions in parts of the world, recent hurricanes and associated supply disruptions, and weather uncertainty. The Administrator added that complete recovery of energy infrastructure from hurricane damage will take many months, but considerable recovery should occur by the end of 2005. The quarterly Short Term Energy Outlook reports on supply, demand, and prices for the major fuels through 2006 for the United States. International oil forecasts and winter fuel expenditures are included.



EIA Releases Draft Data Based on Form 914, “Monthly Natural Gas Production Report:” In early 2005, the Energy Information Administration (EIA) started collecting monthly natural gas production data and information from well operators using the new Form EIA-914. On October 6, EIA released estimates of monthly natural gas gross withdrawals for January-July 2005 based on data collected on the EIA-914 survey. These data are not yet official EIA data. After monthly natural gas production volumes based on the EIA-914 data have completed the final testing and approval process, they are expected to replace EIA's current natural gas production data series and become the official EIA natural gas monthly production data series. Currently EIA publishes estimates of natural gas production based on data supplied by or collected from individual State agencies and the Minerals Management Service, whereas with the EIA-914, the data are collected directly from the well operators. The purpose of the EIA-914 is to provide more timely and reliable natural gas production information for the Lower 48 States and six regions (Texas, Oklahoma, Louisiana, Wyoming, New Mexico, and the Federal Offshore Gulf). Additional information and the data are available in the Form EIA-914 Monthly Natural Gas Production Report



Summary:

Natural gas: Prices for the futures contracts for the upcoming heating season (November 2005 through March 2006) continued to trade at a premium to the Henry Hub spot price. Working gas in storage was 2,987 Bcf, which is about 1 percent above the 5-year average. As demand outstrips supply, a cold winter could cause more energy inflation than described above.
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PBLS is in this play as well as their more traditional play of the construction business that will boom for the next 4 years if the hurricane Hugo experience was any example.