posted
I have a small position in the stock, since its energy I do like energy stocks. It is cheap so it's easy to get into, I have a wait and see attitude with this one. If you do invest in it you must have enough shares, to make a profit on a small rise.
Posts: 280 | From: w.sacto.ca. u.s.a. | Registered: Feb 2004
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posted
Do you think the annual report will be good after the news on march 15: "American Energy Production Inc. Announces Significant Oil and Gas Discovery by Wholly Owned Investee Bend Arch Petroleum Inc."?
-------------------- Value Investor.
Intelligent Investor - Ben Graham Posts: 253 | Registered: Apr 2005
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posted
this is too soon for the revenues to show up in a filing...
the share count was already released...and it's not too bad
this looks to me like a good one for trading and holding a few for the long....
any penny is hard to reccomend as an "investment"....
but if they are really getting 1000 barrels/week out of one well with this new process? then we are looking at some decent revenues for stock under a nickel...
-------------------- Don't envy the happiness of those who live in a fool's paradise. Posts: 36378 | From: USA | Registered: Sep 2003
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posted
Glass man when I said invest in it I did not mean long term for ever. To me if you buy a stock for however long you're going to keep it you invest in for that period of time. I would hope I would not have to be in it for more than 90 days there's a possibility I could be in a year either way I'm invested in it.
Posts: 280 | From: w.sacto.ca. u.s.a. | Registered: Feb 2004
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posted
i like this stock slim... see past threads....
i 'm just trying to be realistic here...
the revenues won't show for a while, BUT if they get another well or two that are producing like this last one? we'll be glad we held.... really, really
i was in it last summer and made some money and i had high hopes for it 'till the dilution...i've been back in and out for a month or more now... still holding some... even tho the chart is not exactly cookin at the moment it looks like they are done with the dilution... due to the revenues that are possible with this new well? they may not need to dilute so hard to coninue growth...
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