My first thought is investors shoud exercise some caution before investing in this stock. I find positive points and negative points, to be equal. Appears to me chances are fifty-fifty this stock will do well.
Dover Petroleum is clealy a company involved in oil and gas exploration.
Here are some snippets from their latest 10Q filing, with approximately sixty million shares outstanding.
Dover's latest SEC 10Q filing doesn't appear all that bad to me, as an opinion. They are about a million and a half in debt, which seems relatively minor compared to most companies I research, in the "start-up" category.
Assets have improved significant and liabilities are showing signs of decreasing. On assets, they have purchased a lot of mineral rights, which is good, but a reader should discount the value because actual oil and gas content, are unproven for all save for one Wyoming site.
This is a snippet from "bad news" coming out of Egypt.
"In summary, the well was drilled to the target formation at 7,310 feet drilled depth in the Nubian...Unfortunately, no hydrocarbon indications (oil) were encountered in the cuttings, cores or on these logs and the well is in the process of plugging and abandonment."
There are some other problems with different test bores at other sites in that news article which is titled:
"Dover Petroleum Corp Announces Drilling Results for EWA-3X"
That news caused some investors to panic sell driving stock price down to an "absolute" bottom support around ten cents to eleven cents per share, down from a healthy support price at eighteen to twenty cents per share.
Stock price has not and will not fall below an average of ten cents per share. This is the best price, currently.
Here are two snippets from "good news" recently released.
"In summary, Dover is pleased to announce that its Colorado/Wyoming assets appear to contain commercially recoverable quantities of natural gas and that construction of a 6 inch, 18 mile long pipeline to take the natural gas to market is expected to begin in the spring of this year."
"...as an example only a single well flowing 1.5 MMCFGPD will, at today's prices, generate over $2.75 million in revenue annually."
That is from a news article titled:
" Dover announces significant natural gas discovery"
I have, logically, some personal opinions on Dover stock which should be taken with a grain of salt.
Their test bores over in Egypt, I do not believe will prove to be profitable for at least a year, possibly up to two or three years. Each bore hole costs $250,000 to $500,000 which is not cheap and will require either financing or common stock sales. Whichever, they will either be more in debt or stock value may suffer some dilution.
Even is they struck great oil reserves today, I would still discount this because of costs involved in bringing a well online, supply lines, processing and distribution.
For those reasons, I would not expect any revenue to be generated for a very long time, based on finding oil in Egypt. However, a good oil strike would cause speculative price rises, immediately. That is only speculative value, not true monetary value. There are no indications they will strike oil anytime soon.
Natural gas, our family is hedging a bet their natural gas strike in Utah - Wyoming, will pay off very soon. There are significant costs involved, first. It does appear Dover has a company to install delivery pipelines, with deferred payment until after profits start coming in. This is a positive.
My opinion is Dover will begin displaying profitable revenue by this Summer.
Nonetheless, a reader is to be cautioned.
Test bores for natural gas appear to be promising. However, a well of this type could dry up in no time at all. Currently, test flow is very good but actual total cubic foot content, is not proven.
Clearly, there are some extreme risks involved with Dover stock. Oil in Egypt, doubtful anytime soon and more costs will be incurred. Natural gas strike appears promising but there are no assurances they will prove profitable.
Equally clear, Dover must incur more expenses before any profit can be made. This might be through loans, through common stocks sales, or possibly both. There is a risk of value loss because of increasing debt or dilution.
Nonetheless, we hold an opinion Dover will remain at an average price of ten cents to eleven cents per share, regardless. Some of our bet is we won't lose money, but stand a chance to make money.
Dover strikes me as either a "no loss" type investment or a profitable investment.
We are currently in for 10,000 shares at ten cents per share and plan to accumulate up to 50,000 shares before long.
I am not a professional investor. I could be very wrong in my opinions. You could lose some or all of your money. Perform very good research and make prudent decisions independent of my opinions; I could be leading you to loss of money.
Purl Gurl
Posted by Purl Gurl on :
Appears prices are rock solid at .11 per share. You may have to up your bid from .10 to .11 per if you are interested in this stock.
Purl Gurl
Posted by Purl Gurl on :
Nice dip in price today, .777 currently but I doubt you will get in for less than .08 per share.
Picked up another 10,000 shares today.
Be sure you read my previous article very carefully. There are a lot of risks, you could lose money on this stock.
Purl Gurl
Posted by Purl Gurl on :
Correction - that is .077 not .777 per share.
Sorry.
Purl Gurl
Posted by Purl Gurl on :
DVPC is beginning to display nice recovery from last week's low prices. Up from seven cents per share to ten cents per share.
My projection is DVPC will be hitting eleven cents per share next week and remain at that price for a period of time until investors realize this is a good natural gas play.
However, natural gas demand will decrease with warming weather, but this should be offset by higher natural gas demand via power plants generating more electricity to compensate for air conditioner usage during Summer. Net change, most likely zero save for investor perception.
You should note DVPC has yet to announce a "hook up" to retail supply lines. This will not happen for a good period of time.
Be cautious. This is a high risk stock displaying both bad news and good news as noted in my original article.
You could lose money. Make prudent decisions.
Purl Gurl
Posted by Purl Gurl on :
DVPC, like EFLT, is beginning to show some signs of upward pressure. Prices have slowly improved despite poor market conditions which is a positive.
I do NOT expect DVPC to exceed eleven cents per share for current conditions. It might be some investors are realizing DVPC is moving closer to their natural gas hookup. This should happen in the next few months, if it is to happen.
You might want to move this one to your watch list for a period of time. Not suggesting you buy, just keep an eye on DVPC and let's see what happens.
Recent low at .08 per on very low volume. Most common price is .09 to .095 per. Today's .105 is the most recent high.
Usually DVPC is around .17 to .19 per share but these prices are several months back and probably won't appear again for a good period of time.
Worth watching, check for news on a regular basis. Something is happening with investor perception causing mild upward pressure to build.
Watch list for now.
Purl Gurl
Posted by Purl Gurl on :
I have no explanation for this. DVPC keeps showing increasing volume, especially of late. No real changes in prices, relatively steady save for an upward jump last week during the worst of the crashes. Nothing new in SEC filings, no news coming out, no rumors.
Tremendous volume today for DVPC but no change in prices.
Keep an eye on it; something is happening.
Purl Gurl
Posted by Purl Gurl on :
News late yesterday. Full article is found at your usual sources.
Purl
(snipped for brevity)
Apr 7, 2004 Dover Petroleum Corp announced an update today with respect to its...natural gas assets located in the Slater Dome Area.
...appear to contain commercially recoverable quantities of natural gas warranting construction of a 6 inch, 18 mile long gas gathering pipeline to take the natural gas to market.
Drilling of a new well in the Slater Dome Area has begun today and is expected to last approximately one (1) week.
Permitting of the gas gathering pipeline to carry the natural gas to market is now almost complete. The pipeline will be a 6-inch, eighteen-mile natural gas gathering pipeline capable of carrying 16 million cubic feet of gas per day. The pipeline will be built by a third party, at no initial cost to Dover.
...the pipeline could be operated at its full capacity of 16 million cubic feet of gas per day the pipeline would, at today's prices, generate approximately $27 million....
Posted by GREGDOGG on :
Hey Purl, I just thought I'd say Hi...
You seem to be talking to yourself...LOL
I tried to buy some yesterday at .091 but didn't get filled, so I bought some DFRC.
I know you like oil and gas, so you should look into the oil and gas BOOM here in B.C. Canada... I saw it on t.v. last night, most companies profits up 25% over last year and enough natural gas extracted per year to heat all of Canada for two years... take a look...
Happy Easter everyone.....
Posted by Purl Gurl on :
Talking a lot to myself, lately, mostly cussing. Markets are acting really weird. Very little of anything in the markets recently make sense.
* cusses *
Purl
Posted by GREGDOGG on :
My guess is that the MM's are taking it easy for a while, just to let the "heat" die down, then they'll go back to their greedy old tricks in a month or two... only time will tell...
Posted by stockresearcher on :
Hi
missed the boat yet on DFRC?? or good time to pick some up?
Posted by Purl Gurl on :
May 18, 2005 09:00:59 (ET)
TORONTO, May 18, 2005 /PRNewswire-FirstCall via COMTEX/ -- Dover Petroleum Corp. (DVPC: Pink Sheets) announced an update today with respect to its Colorado/Wyoming assets.
Dover Petroleum is pleased to announce the completion of its natural gas gathering line across Federal, State and Fee Lands in Colorado and Wyoming. Dover's wholly owned subsidiary, Slaterdome, Inc., and Slaterdome's partners, Cedar Ridge, LLC and New Frontier Energy, Inc. together own the working and operating rights interest in certain oil and gas leases covering approximately 32,000 gross acres in northwest Colorado and southwest Wyoming (the "Slater Dome Area").
The gathering line stretches over 18 miles and will collect gas from seven wells capable of producing gas in the Slater Dome Field. Starting production in the field is expected to be approximately 2 MMCFGPD. Expected pricing for the gas will be $5 - $7 per MCF, generating initially approximately $70,000.00 in revenues per month for Slaterdome, a subsidiary of Dover Petroleum. Slaterdome's interest in the Slater Dome Area was acquired in several purchases and is approximately 33.33% of the interest.
No firm assurances can be provided for hook up to its wells for production or that the Slater Dome field will continue to produce gas at its initial rates and continue to commercially recover natural gas. In addition, substantial additional capital will be required in order to continue the development of the field, and no assurance can be provided that such capital will be available to Dover Petroleum.
For Dover Petroleum's East Wadi Araba concession in Egypt, Dover has retained the services of Amer Pasha PhD L.L.C, a prominent European banker with 20 years experience in equity markets, to find potential investment or partners or farm in partners for the exploration concession in Egypt. Mr. Pasha will receive a 10 % commission plus stock options for investment raised.
Posted by Purl Gurl on :
Dover Petroleum Corp. announces commencement of natural gas production in the Slater Dome Prospect
June 08, 2005 10:12:02 (ET)
TORONTO, June 8, 2005 /PRNewswire-FirstCall via COMTEX/ -- Dover Petroleum Corp. (DVPC: Pink Sheets) today announced that the Company is producing gas from six of its coalbed methane wells and one conventional well in the Slater Dome/Coal Bank Draw Prospect (the "Slater Dome Prospect"). The 18-mile gas gathering line that was constructed by Slater Dome Gathering LLLP, is connected to the Questar gas transportation hub south of Baggs, Wyoming. The Company owns an indirect interest in the gas gathering line through its ownership of limited partnership interests in Slater Dome Gathering, LLLP.
The Company and its exploration partners have nine gas wells at the Slater Dome Prospect. All of the wells have provided indications of the presence of economic quantities of natural gas. However, no estimate can be made at this time as to proven oil and natural gas reserves nor can the preliminary results of the development efforts be considered commercial, or proven conclusively until gas has been produced into a pipeline for at least six months. Initial flow rates are fluctuating and some time is needed to stabilize and announce a rate.
Slater Dome Inc, and its partners, anticipates drilling up to four additional coalbed methane wells in 2005 as well as implementing an extensive seismic survey and exploration program over the Slater Dome prospect.
Posted by blue_in_MI on :
bumped up a little on the PR, though - still still surprised this one hasn't edged up more, especially with o+g stocks generally having a bullish last few weeks. i guess the completion of the pipeline was somewhat "built-in" to the stock price. still holding, tried to add a little more at .08 but never got.
Posted by vg on :
Blue is back, Blue why dont you make any pick hese days, I have eveything short term, i'd like to see a new long term one, nothing against purls picks I like those too
Posted by blue_in_MI on :
absolutely swamped these days, yikes! $500/day late-fee penalty clause just kicked in for my project at work. finished putting my big patio in at home but the arbor covering it still only consists of 4x4 posts sticking straight up, and my "landscaping" around it consists of - big plots of dug-up dirt. all sorts of other stuff, trying to keep up with my kids' schedule, you name it. so much for a "relaxing" summer, am tired of getting up at 5am, heh! still check allstocks daily, but just no time to post or do any research lately
Posted by Purl Gurl on :
Markets are most annoying, Blue.
Considering economic conditions, I would expect even penny stock traders to move into value stocks or those stocks showing good potential.
DVPC is just getting started. Their original news on the "to market" pipeline indicates modest revenue beginning to come in. That news should have, at least, maintained the share value at the time, about tweleve cents per share. Prices retreated instead.
This recent news is better in nature. DVPC is now hooking in multiple wells which will, obviously, multiply their revenue income. Still no upward movement in prices.
All this news points to greater revenue generation into the future, but traders seem not interested.
DVPC, in a way, reminds me of AMLI back when we bought in during early stages of development. ALMI did take a long time to catch and run. Might be I am being too impatient.
Like you, Blue, I am working on accumulation of DVPC to increase our initial holding of 40K shares. My hope is news will come forth in the future displaying better revenues upon their finally hooking in all wells to the market pipeline.
On that eighteen mile pipeline, DVPC did not have to invest a lot of capital because of making a good deal with the contractor. My thought is they constructed that expensive pipeline knowing it would prove a profitable venture in the future. Building of that pipeline is a signal they do have significant reserves of natural gas to ship into the markets.
Suppose only a handful of us recognize this DVPC potential for good revenues in the future.
Purl Gurl
Posted by Purl Gurl on :
Price is up. Volume is up. You should research this one. Not a buy suggestion, but there are indicators which appear positive for profit.
Posted by blue_in_MI on :
sold half my IESV this am, rolled it into some more DVPC at .08. hoping to buy back the rest of my IESV a little cheaper later on, we'll see. if history is any indicator, IESV should hit $1 within 3 weeks, simply due to the fact that I sold half.
particularly suprising that DVPC has retreated lately, because many other O+G juniors are surging again, for example ASPN up 25% in the last week or two.
Posted by Machiavelli on :
Pro = None... Con = look at its candlestick chart with volume below it.. another Con.. not much of a spread between it's 52 Low and 52 High... another Con.. has a very low daily volume... not much liquidity...
Posted by Purl Gurl on :
DVPC is again showing signs of a pending news release.
Volume was up yesterday with prices moving up to .105 per share, settled at .10 per share. Down to .08 today with modest volume.
This is a type of activity for DVPC, specifically, which usually precedes a news release. No guarantee of news. Keep an eye on DVPC for a week or so.
Posted by Purl Gurl on :
Volume up, price up again today suggesting increasing trader interest.
Posted by blue_in_MI on :
i'm still trying to figure out how 10K at .08 slipped through yesterday, when i've been sitting at a 10K at .09 bid all week.
Posted by <AO> on :
actually receeded today to .078. Need some more information of the positive manner to get this moving in the right direction.
Posted by <AO> on :
I want to buy at .0625/share.
seismic looks good, farm-in to be announced once dover receives the money, and gas flowing in Wyoming/Colorado.
Posted by blue_in_MI on :
have to admit, a little surprising to me that DVPC still has zero interest by investors. the only thing in the market hotter than natural gas stocks at the moment is hurricane-cleanup related stocks. yet - DVPC's only real movement lately was for the ask to move up a tad (the wide spread basically putting the brakes on any trading). looks like mainly investor disinterest to me, DVPC isn't known or followed by many.
the other thing too i guess is a lack of progress reports coming out of DVPC - PR's are few and far between. at this point i'd say we're waiting on various pipeline updates, and flow rates. could be another few months before we hear anything. my guess is that DVPC will require quite a bit of patience, and we may be a year or two out from really starting to know profitability levels from the pipeline.
Purl, did you ever talk to anyone in this company - if I wanted to give them a call, anyone in particular I should try to speak to? i'm guessing that they don't have an IR person...?
Posted by <AO> on :
Blue,
I also track new frontier(nfei) for info on the slater dome project, which is a partner of dvpc. They had a pr this week noting a new well was drilled and casing set.
Posted by Purl Gurl on :
I expected a good jump in price with announcement of their completion of the large natural gas pipeline to retail markets. Share price went up for a few days then drifted back down.
Flow from their natural gas wells is very good.
"...Company is producing gas from six of its coalbed methane wells and one conventional well in the Slater Dome/Coal Bank Draw Prospect (the "Slater Dome Prospect"). The 18-mile gas gathering line that was constructed by Slater Dome Gathering...."
DVPC stopped filing with the SEC earlier this year. In the past, that would be a concern but today this is very common, to save money spent for accounting.
My best guess is very few people know about DVPC and its good progress at producing very viable natural gas wells.
I will look around to discover is there are more recent financial reports since their last filing with the SEC back in late 2004.
It is clear they are bringing in lot more revenue since retail hookup. How much more, I don't know.
Posted by Krysten911 on :
Looks like Intrepid- IESV is in the same boat. They secured some major funding at mid August and not even a roll in stock price. Dover and Intrepid are two valid companies with excellent events going on with no interest.
Posted by Krysten911 on :
Dover appears to have it more together than some of these other exploration/ start up companies- more revenue, more in house monies.
Still no more filings with the SEC though since November 2004. I am trying to figure out if they filed some exception clause to allow non- filing??? Is there such an animal?
Posted by blue_in_MI on :
as Purl discussed a bit in her 9/1 post above - DVPC stopped filing normal reports, and thus became a "pink sheet" stock. filing is required for the OTC and other exchanges, on the pink sheets anything goes though. generally the pinkies are too "wild west" for me, but - i do own 3 at the moment, DVPC being one.
Purl has a good point that with recent regulations changes (Sarbanes-Oxley), it's now more expensive to be a "reporting" company, so many OTC companies have dropped out and gone to the pink sheets for this reason. FRGN is another example of this recently. this isn't necessarily bad in and of itself, but - it does mean that stocks get cheaper valuations than they otherwise might on the OTC.
back to DVPC, yes i agree that the PR this week was promising:
"Although it is premature to predict commerciality of this well, we are pleased with the preliminary drilling results."
sounds like things are progressing well, but - will be a wait and see game.
"All of the wells have provided indications of the presence of economic quantities of natural gas. However, no estimate can be made at this time as to proven oil and natural gas reserves nor can the preliminary results of the development efforts be considered commercial, or proven conclusively, until gas has been produced into a pipeline for at least six months."
especially with microcaps, investors tend to have teeny attention spans - many people probably read the 6 months disclaimer and figured they'd wait it out.
i still think is a bullish environment for n-gas stocks, and am a little surprised DVPC hasn't moved up at least a smidge. but - honestly i think DVPC is best viewed as a stock where if you're bullish on natural gas you consider buying a small portion, along with perhaps 3-4 other similar startup companies like say maybe bingo's TDYH that ran today, and hope that 1-2 eventually hit it pretty big in the long run, imho. i have a small stake in DVPC and can be patient, things seem like they're progressing along fine for now, so will just check in on them briefly every month or so.
Posted by Krysten911 on :
I often catch myself acting like a day trader during the times of the DOT com boom. What I am really seeing is that I am investing in some pretty solid companies with excellent futures and plans. Gone are the days of the maybe this company will take off. Now it seems that by looking outside of the box and having some patience, money will be made in the long run. I found that out by selling way early on PDGE...
Intrepid has news this a.m. Looks like they are chomping at the bit with biogas!
IESV posted news this morning:
Intrepid Updates $17,790,000 Industrial Revenue Financing Thursday September 8, 9:00 am ET
IDAHO FALLS, Idaho, Sept. 8 /PRNewswire-FirstCall/ -- Intrepid Technology and Resources, Inc. (ITR) (OTC Bulletin Board: IESV - News), a renewable energy company, has recently signed an Engagement Letter with the brokerage firm of Ferris Baker Watts, Washington D.C., to commence the marketing and placement of 17,790,000 dollars in Tax Exempt Industrial Revenue Bond financing. ADVERTISEMENT
The financing, expected to be completed within 45-60 days, will provide ITR the capital to triple the size of their existing biogas facility near Rupert, Idaho, construct the Westpoint Dairy biogas plant, and a third, confirmed, biogas facility located near the Westpoint site. The multi-million dollar projects will additionally include eight miles of gathering pipeline to connect the two new plants into Intermountain Gas' distribution pipeline.
Dr. Dennis Keiser, ITR's president, stated: "With natural gas prices holding above 11.00 dollars per thousand cubic feet (mcf) on all commodity markets coupled with the capacity to market the high grade compost that is a by-product of the digestion process and our ability to sell the substantial number of green credits that the system produces on the Chicago Climate Exchange makes these four projects very attractive to ITR's shareholders. At the same time we provide enhanced air, ground and water quality for the livestock owner.
"We have now proven that ITR has the management team in place to initiate this type of innovative, nondilutive financing and at interest rates which correspond to long term AAA rated bonds. Clearly this sets Intrepid Technology aside as a viable, innovative and growing alternative energy company.
"Due to the success of our plant in Rupert, Idaho, I have never been more convinced that we are using the most advanced technology available. With tremendous demand from livestock operators for our technology and processes and producing pipeline quality gas, the future has never looked brighter. Not a day goes by without some inquiry from a new potential customer. I now am convinced that we are selling into a dual marketplace of not just dairies but additionally feedlots which substantially increase our potential market."
Upon completion of this project, in 2006, ITR will be producing over 450,000,000 cubic feet per year of high grade biogas. This will make ITR the largest producer of pipeline quality biogas in the United States.
About Ferris Baker Watts: Ferris, Baker Watts a leader in Municipal and Public finance is the largest full-service investment banking firm headquartered in Washington, DC. The firm is a member of the New York Stock Exchange and is wholly-owned by its employees. The company is a dynamic force in investment banking serving clients throughout the mid-Atlantic and Midwest regions. Ferris Baker Watts is committed to providing a comprehensive range of professional products and services to meet the needs of individual investors as well as corporations and institutions.
About Intrepid Technology: We are a national leader in Methane to Market technology and production and an application innovator of Biogas products and services designed to assist in worldwide energy independence and reduce pollution from renewable agriculture feedstock and industrial and agriculture waste materials.
Statements released by Intrepid Technologies and Resources that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward-looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward-looking statements. Risk factors include but are not limited to factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward-looking statements contained in this release.
Posted by blue_in_MI on :
not much action lately, but - some 50k block trades going through today, currently at .08.
Posted by <AO> on :
News......
TORONTO, Sept. 15, 2005, Sep 15, 2005 (PRIMEZONE via COMTEX) -- Dover Petroleum Corp. (Pink Sheets:DVPC) today announced that the Company and it's exploration partners set production casing in the 3rd well of its successful three well drill program. Completion of these wells will commence next week and we anticipate all of the wells will be producing in approximately thirty days. Although it is premature to predict commerciality, or initial rates of production from these wells, we are pleased with the preliminary drilling results.
Dover's wholly owned subsidiary, Slaterdome, Inc., and Slaterdome's partners, Cedar Ridge, LLC and New Frontier Energy, Inc., together own the working and operating rights interest in certain oil and gas leases covering approximately 32,631 gross acres in northwest Colorado and southwest Wyoming (the "Slater Dome Area"). Overall, Slaterdome's ownership amounts to a net working and operating rights interest of approximately 33.3% in the Slater Dome Area. The Company and its exploration partners have nine gas wells at the Slater Dome Prospect. All of the wells have provided indications of the presence of economic quantities of natural gas. However, no estimate can be made at this time as to proven oil and natural gas reserves nor can the preliminary results of the development efforts be considered commercial, or proven conclusively, until gas has been produced into a pipeline for at least six months.
Posted by Krysten911 on :
Looking back over some of these posts, the current news and a little background check, I am thinking they have increased stability. This latest news from the 15th let's us know that the three wells are set adn the preliminaries are looking good. All we need to here about now is an entry into the gas layer and this should really take off. Still a gamble but I think a good one especially with the Guld situation.
Posted by blue_in_MI on :
was disappointed to see the mild move up today. as i suspect purl may be also, was sitting on the bid the last several days. trying to stay .001 above purl, of course, *snicker*.
DVPC not following a logical pattern. natural gas incredibly bullish, DVPC releases promising news, so what does the stock do? goes down.
right or wrong, i'm often a buyer when illogical patterns happen. we'll see how it goes for DVPC, still holding a small amount and sitting near the bid for a little more.
Posted by blue_in_MI on :
wow, have been busy at work lately and completely missed this. major crash for DVPC today, fell off a cliff for a 40% crash on huge 240k share (that is - huge for DVPC) volume.
hmm, so - wtf happened, is the obvious question?
trying to search for clues - no news of any sort. as was pointed out earlier by krysten and others: most recent news actually looks good.
so - looking to the trading, to try to find a clue. was actually pretty stable for awhile, then today we have:
0.051 16520 OTO 15:54:35 0.06 35000 OTO 15:54:24 0.051 46250 OTO 15:53:57 0.06 22600 OTO 15:52:15 0.0611 2100 OTO 15:52:13 0.0611 12900 OTO 15:52:13 0.065 2100 OTO 15:52:13 0.065 12900 OTO 15:51:25 0.065 5000 OTO 15:51:18 0.06 5000 OTO 15:51:18 0.06 12900 OTO 15:51:17 0.065 14000 OTO 15:51:16 0.06 6000 OTO 15:51:13 0.06 5000 OTO 15:51:13 0.06 5000 OTO 15:50:55 0.075 10000 OTO 15:43:38 0.075 5000 OTO 11:47:26 0.08 22200 OTO 11:47:23 0.075 2000 OTO 09:39:11
the obvious guess is that 15 min before close someone unloaded a huge position on the market, with indifference to the price he or she sold it at. pretty much: "sell this at any price", and the MM's took it down.
so - why would one dump a huge position in a hurry?
guess there's really 2 possible likely answers:
1. some tool panicked for no good reason, perhaps over the broader minor pullback in o+g juniors today, and dropped it all in a "market order sell", perhaps to buy RVMN before the warrant deadline (*snicker*)
2. someone who *knew something* dumped it all, for good reason
so - which is it: door #1, or door #2?
me, i admit i have no idea. really no different than a poker game: either somebody is bluffing, or they really do hold that full house. we as general public investors - hard to have any idea. could be a great buy now if it's door #1, but - if gas flow rates came out poorly and somebody who "knew something" sold (ie door #2) - then perhaps not a good buy now.
dunno.
Posted by Krysten911 on :
I do not have a large enough position to really be too concerned about this action, though I was. If it is door #2 maybe a buy out is coming? Again, I revert back to my previous post. I have only seen good news, they have money, have financing and none of the CEO's has any dirt in their background. Maybe someone got tired of sitting on nothing??? I am thinking more option 1 to get themselves into a money- maker.
Posted by Krysten911 on :
Also, it may not help that the whole sector is down/ flat. The prices will rise soon IMO because of an early winter already hitting in many parts of the country and the world- i.e. 6 inches of snow in Wyoming already and we are not through with hurricane season...
Posted by blue_in_MI on :
wow, this one woke up this morning. no idea why, frankly, anyone with any idea? still holding my small stake.
Posted by Purl Gurl on :
Up sixty percent today. Trading .14 to .17 per. Volume has been healthy for a couple of weeks. DVPC is moving closer to significant production.
Purl Gurl
Posted by BuyTex on :
some fundamentals at work, sure, but peeps simply jumping on any O&G that wiggles right now...
Posted by Purl Gurl on :
DVPC is noted for not releasing much news. They appear to staying on task and holding their word.
DVPC is little known and seems a value stock.
ALMI was once little known and a value stock.
Blue, what did I say about CHID ?? !!
Purl Gurl
Posted by blue_in_MI on :
eh, don't mention CHID!!
heh - as is my forte, i sold too early (as i mentioned in the CLSI thread).
i shoulda listened closer to Mother Hen, heh. at least i hung onto my DVPC.
Posted by Purl Gurl on :
Yeah, yeah, I am so perfect! Never a mistake although my 2005 taxes report a $11,000 loss.
Three of us vested in DVPC have agreed we will hold DVPC and take a chance on more upward motion.
Eventually, DVPC should report all wells are connected to the market pipeline. They have a lot of proven reserves but are still working at building market pipelines.
I am most curious to learn of revenues.
Personally, several times today, I filled out buy orders then backed out. I am very tempted to buy more DVPC.
Picked up a bunch more IESV at .056 to .060 today.
Sold CHID. I think it is topped out for awhile.
Beginning to look like this might shape up to be a decent market year.
Purl Gurl
Posted by Purl Gurl on :
Some interesting rumors flying around over at the I-Hub board,
