Today a Black Opening Marubozu was formed. This shows that the day opened and prices continuously went down but they did not close at the low of the day and thus they created a lower shadow.
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ADVERTISEMENT Alaskan Oil and Gas LTD intends to become a worldwide company specializing in the extraction and production of oil and gas in partnership with Fowler Oil & Gas through both owned and leased properties within the Cook Inlet oil basin of Alaska. Fowler Oil & Gas is looking to develop both oil and natural gas reserves located in the Cook Inlet oil basin in Alaska. Current Gas Reserve is a fully documented reserve with an estimated 1.9 trillion cubic feet in the Cook Inlet Basin. Current gas reserves for the Cook Inlet Basin are a fully documented reserve estimated by the State of Alaska for the Cook Inlet Basin Region. Cook Inlet basin, located in south-central Alaska where the Fowler property is located, is approximately 250 miles from north to south and 70 miles wide. The basin contains coal deposits within the Tertiary Tyonek Formation across its entire extent and within the Chickaloon Formation at its northeast corner. These coals are part of an extensive continental depositional system in the Tertiary that exceeds 26,000 feet in thickness at the basin center. Tyonek coals beds are abundant and continuous, exceeding 40 feet in thickness.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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This one is located near to where a new pipeline is proposed to being installed, to transport natural gas and methanes from the north shore of alaska to the chicago area. With 1.9 trillion cf of proven gas in reserve... that is a huge potential income for this company.... this one is way UNDERVALUED for the O/S and potential. My sell is in for 0.02
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I am just curious if anyone realizes the improtance of Natural Gas companies?????
Natural Gas is the largest growing segment of electricity generation. No new nuclear plants are being built, or permitted for that fact because it is soooo expensive and time consuming. A very LARGE majority of the new electrical generation is from natural gas. In the next 5 years, natural gas companies (ie those that own the reserves) are going to be golden... the demand is growing almost exponentially, thus the need for new delivery systems (pipelines). Here is some info fromt eh EIA (DoE) website... http://www.eia.doe.gov/oiaf/analysispaper/global/uslng.html
United States Natural Gas and LNG Outlook: Beyond 2010 # Based on EIA long-term forecasts, U.S.13 natural gas consumption is projected to increase from 22.5 Tcf in 2002 to 26.2 Tcf in 2010 and 31.4 Tcf by 2025. Domestic gas production is expected to increase more slowly than consumption over the forecast period, rising from 19.0 Tcf in 2002 to 20.5 Tcf in 2010 and 24.0 Tcf by 2025. The difference between consumption and production will be made up by imports, which are projected to rise from net imports of 3.5 Tcf in 2002 to 7.2 Tcf by 2025.
# Nearly all the increase in net U.S. natural gas imports from 2002 to 2010 is expected to come from LNG, with an almost 2.0-Tcf (42.0-million-ton) increase expected over 2002 levels. Net U.S. LNG imports are expected to rise from 5 percent of net U.S. natural gas imports in 2002 to 39 percent in 2010.
# Over the forecast period, net pipeline imports from Canada are expected to reach 3.7 Tcf in 2010, and then decline as Canadian fields mature and Canadian demand increases. It is projected that LNG will become the largest source of net U.S. imports by 2015, as Canadian imports decline.
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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The charts are setting up perfect for a nice run. The MACD is kissing and will cross today and the stochs are trending upward now... I am looking for 0.01 by Monday..... oh yeah...don't forget the low float
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posted
Good one FOT....looks like .005 -.006 possible for this one...just need to get the sweepers out of the way GL....Hey Lil....
-------------------- Marty When I was born, I was granted a visitors pass to earth. I will enjoy everyday until it has expired. You should too ;)
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posted
I sold off some other duds and put in a buy for some more...this one is going to pop...Let the MM's find some more shares, and then it will fly!
-------------------- A good friend will bail you out of Jail. A great friend will be sitting next to you saying... Damn that was fun! :)
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