Replies to post #277 on American Eagle Energy Corp. (fka AMZGQ)

[ospreyeye]

$AMZG chart - closed above EMA 4 @ 0.21 Fri. - EMA 8 @ 0.25 $KEY level 2 turn support - $Oversold on RSI & Fast Sto -

[greek94]

I have shares at 15 making 50% so far having no complaints. Agreed on every word said. Regardless of the financial aspect of this company short term we can make 50-100% . It's possible it might release more bad news but most likely we would sell it before it happens.

Stochastics, macd, Bollinger bands are all indictators showing that the direction of this company is up. Has to recover most of the big spikes that happened last week.

Expecting even bigger gains on Monday bigger candle stick coming

[LouisDesyjr]

Buying back of bonds.

AMZG could buy back the bonds if two things happen:

1: The current owners of the bonds are willing to take a 70% loss (bought near par of 100, sell back at current price of 30) instead of trying to take over everything in a reorganization or renegotiation.

2: AMZG had the cash to pay for it. With !75 million in bonds, even with them trading at 30, AMZG would need over $50 million in cash just to buy the bonds, plus AMZG would need additional cash for operations. AMZG has no reasonable way to raise that amount of cash. Even though the land is on the books and should sell at some price, it probably would be below what they paid for it, so any such sale would cause all kinds of losses to AMZG.


Louis J. Desy Jr.

[Lone Wolf]

T Boone Pickens agrees with me!! Woo hoo!! On CNBC His morning saying oil back around $70/ barrel within a year and time looks ripe for a consolidation within the industry. Some of the larger producers can only increase production through acquisitions (sites Exxon Mobile). Just tuck this one away and come back around Labor Day