The company today had a very interesting press release that projected EBITDA (earnings before interest, taxes, depreciation, and amoritization) of $.085.
With the stock asking .016, this could be a significant opportunity. The stock is UNSOLICITED (level2 represents unsolicited customer orders ONLY) and I feel this may allow a lot of people to buy the stock at lower levels without the market makers using order flow to rapidly push a stock.
The stock is trading nearly 10X average volume on a really favorable chart, in my opinion.
Oil and gas stocks usually trade at lower earnings multiples, but if BIGN really can produce .085/share FY2006, the stock should be trading in the .30-.40 range and no where near here..
I have not been compensated by BIGN for coverage of their stock. I purchased 30,000 shares * .016 this afternoon.
Regards and Best of Luck,
Tim / PQL Research
Posts: 720 | Registered: May 2004
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Biogenerics Announces 2006 Earnings Guidance Thursday October 13, 11:26 am ET
TORONTO, Oct. 13, 2005 (PRIMEZONE) -- Biogenerics Limited (Other OTC:BIGN.PK - News) announces its 2006 target for earnings to hit 8.5 cents per share EBITDA. The Grimes, Calif. well was successfully reopened after a 20-year shut-in in June using Hydroslotter's new advanced recovery technology and has produced 14.4 million cubic feet of natural gas (14,400 MCF), which was sold for an average price of $10.00 per MCF for the month of September. Pacific Gas & Electric will release the official September figures in mid-October, which are expected to vary from the unofficial figures by a fraction of a percent.
Biogenerics joint venture activities with WW Energy Inc.'s Exploitation projects are on track and progressing, and the company anticipates the updates on the potential benefits by year end.
``We're excited about the potential of the Hydroslotting technology and the joint venture projects that we are involved in and expect to have a concise earnings expectation by year end,'' stated Paul Smith, president of Biogenerics Limited. ``Given the current demand for oil and natural gas, we feel comfortable in our capital expenditures targeting those areas with the greatest potential of return for our shareholders.''
About Biogenerics Limited
Biogenerics is a diversified investment venture capital firm focused on exploiting and distributing domestic oil and gas reserves. Biogenerics has oil and gas assets acquired from Rubicon Petroleum. The company also has joint venture activities with Tyche Energy, Hydroslotter Corporation and WW Energy Inc.
About Hydroslotter Corporation
Hydroslotter Corporation's proprietary technology, deemed ``hydroslotting,'' increases oil and gas production and extends commercial productivity of oil and gas by 300 percent to 600 percent. Hydroslotter's technology is cost effective and, for the inexpensive cost of the actual re-work on potential shut-in wells, the return on investment is high.
A number of statements contained in this press release are forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Act of 1995. These forward-looking statements involve a number of risks and uncertainties, including timely development and market acceptance of products and technologies, competitive market conditions, successful integration of acquisitions, and the ability to secure additional sources of financing. The actual results of Biogenerics Limited may achieve could differ materially from any forward- looking statements due to such risks and uncertainties, including but not limited to, the fact that no assurance can be given that any proposed acquisitions will be consummated at all.
posted
Don't worry about Tim this play is much bigger then him. Besides Momo at pennyprophet has no creditability at all in the first place to call someone esle a scammer.
This should open at .02 and then the sky is the limit over the next month.
According to the PR the stock at earnings of .085 the stock should be trading near .40 cents!!
Posts: 720 | Registered: May 2004
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Well, This stock traded at ,20 two months ago on these earning numbers .20 would be a given at x2 earnings throw in the chart and the fact its a natural gas company why would .40 be out of the question.
Posts: 720 | Registered: May 2004
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posted
I've been watching this for sometime now, and I hope it don't get away. I'm not in yet, but hope to get in soon. The MACD is almost to the 9 day ema, and I'm afraid if it happens to reach that point it will be to late, so, IMO it's time to make a move on this soon. Here's the chart for you guys
-------------------- Time will give you what you want! Posts: 253 | From: Pennsylvania | Registered: May 2005
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posted
thanks, I am glad I got in this morning, by looking at the chart I say .09 next week....
.05 today is questionable, but we will get there on Monday. So if you are not in get in now!!
Posts: 2362 | From: BEENEVERYWHERE | Registered: Mar 2005
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-------------------- Sometimes the poorest man leaves his children the richest inheritance. Posts: 804 | From: Woodbridge, Va | Registered: Aug 2005
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posted
I hope so Pens, for you, for me and for all the people who are in this...
Posts: 1364 | From: Somebody from Europe | Registered: Sep 2005
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posted
NEW YORK, Oct. 14, 2005 (PRIMEZONE) -- Biogenerics Limited (Pink Sheets:BIGN), with its joint venture partner Hydroslotter Corporation, are forecasting a minimum 120 wells to be slotted in 2006.
The cost of slotting these projected wells weighs in at approximately US$200,000 per well. With economies of scale, we can reduce those costs. Given that the estimated slotting cost is returned in 30 days, the cash flow outlay to grow is minimal.
For example: The current Grimes, Calif. well, now in production, is forecasted to have a life of 5-10 years. Four additional wells are being slotted in conjunction with the Grimes, each at 5-10 years. The costs and time to slot four wells is 10 to 14 days and will have a 25% reduction in outsourced service charges.
We expect each of our five wells to be tied into the same meter site and expect combined flow at 2,500,000 MCF.
The projected cash flow will cover expenses in 30 days. We then receive net 40% of the flow after costs are repaid. That would register at US$10,000 per day.
Upon each of the forecasted 120 wells in full production, in conjunction with alternate wells coming on stream in 2005, we will have a daily cash flow of US$240,000. Ultimately, these wells will produce US$87,600,000 annually.
For the reason that we are not slotting all available wells, in week one after costs, we expect US$43,200,000.00 in profits for 2006 from the Hydroslotted wells.
Our strategy suggests 10 new wells per month in 2006. In 2007 we expect to double that to 20 wells per month.
Bearing in mind that when dealing with the oil and gas sector, delays may occur, prices may fluctuate, and thereby management accounted for the risk factor discounting the guidance by a factor of 35%.
Biogenerics does not forecast earnings from the New Mexico joint venture in this forecast because it is currently unquantifiable.
-------------------- Sometimes the poorest man leaves his children the richest inheritance. Posts: 804 | From: Woodbridge, Va | Registered: Aug 2005
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quote:Originally posted by pensandoenti67: New HOD by 1245
you're 5 min early
-------------------- Sometimes the poorest man leaves his children the richest inheritance. Posts: 804 | From: Woodbridge, Va | Registered: Aug 2005
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