Watch SVSE.. its currently on a downtrend being oversold.. watch for it to bounce back when its RSI hits around 20 if not sooner...
Posted by newbravado on :
SVSE broke its upward trend. But since nothing has changed, Pipeline still coming on-line, and Alberta wells in testing, whats to worry? Holding long term.
Posted by cruz on :
it formed a dragonfly doji on friday. definitely watch this on monday.
Posted by cruz on :
I don't consider it oversold until it goes below 30. you are right that it's on the downtrend. wouldn't the dragonfly doji on friday indicate a likely reversal? if it does hit RSI 20 - that should be the resistance at around 0.85 - 0.90. I got to look into this more. it is an energy company and supposedly we are going to have an ebergy crisis. what do you think?
quote:Originally posted by Machiavelli: Watch SVSE.. its currently on a downtrend being oversold.. watch for it to bounce back when its RSI hits around 20 if not sooner...
Posted by Machiavelli on :
yeah it looks like a Dragonfly Doji... when i posted the thread it was before the close of the market i think.. anyways look for confirmation on Monday morning before entering a position.. but yes Dragonfly doji are reversal candle patterns.. last time a dragonfly formed the stock did a very nice uptrend... was around the middle of December i believe... but if it continues its downtrend and doesnt reverse on monday morning then keep a eye on it carefully as it nears RSI 20...
Posted by Machiavelli on :
Dont know who else is monitoring this one but its heading towards RSI 20... watch carefully... :-)
Posted by HitMe101 on :
What's the current rsi on this?Thanks.
Posted by cruz on :
RSI(14) 32.6 and going down. I would expect it to hit .85 - .90 for support.
Posted by HitMe101 on :
Thanks,i'll keep an eye on it.
Posted by Machiavelli on :
Once it hits RSI 20 it will be cheap enough to buy ... and should hook up.... might even hook up at RSI 25....
Posted by glassman on :
the RSI is as low as its been in 6 months...
Posted by turbokid on :
too bad i bought on the first doji and now its down even more... gimmie a 'B'ounce
Posted by HitMe101 on :
quote:Originally posted by turbokid: too bad i bought on the first doji and now its down even more... gimmie a 'B'ounce
Should of waited for a comfirmation before you bought into that dragonfly doji..
Posted by glassman on :
can't be down too bad...
fundamentals OK here? if so, it'll turn.....
i'm not that good at reading geologist reports for oil wells...just how many barrels are comin' out.. Posted by cruz on :
a down day for svse - likely due to the overall market down and three day weekend coming up. like glass says - it will turn. i would wait to buy until next week IMO. i don't think there is going to be a whole lot of buying of anything tomorrow IMO.
Posted by Machiavelli on :
there goes the hookup... today... but look for confirmation on monday to be sure.. it might go down on monday then pull back to a uptrend..
Posted by cruz on :
yes indeed... interesting. you mean tuesday? shoot - i will be out of town Tuesday with no access.
Posted by Machiavelli on :
better get access somewhere and keep a eye on it lol ... but remember wait for confirmation that it will continue up...
Posted by Machiavelli on :
heading to RSI 20... thats why i said never buy on a candlestick pattern till the next candle confirms it...
Posted by HitMe101 on :
Opinions as of late?RSI 31 sale price of .94?
Posted by HitMe101 on :
Now...RSI 25.4 Price .088
Posted by HitMe101 on :
Welcome, robert_t43 [Sign Out] My Yahoo! View - Customize Financial News Enter symbol(s) BasicPerformanceReal-time MktDetailedChartResearchOptionsOrder Book Symbol Lookup
Press Release Source: ECON Corporate Services
NaturalGasStocks.com Features Energy Stocks Update: "Going With What Works: Another Energy Stock With Solid Insider Buying," at the Insiders Corner by Michael Brush Thursday February 24, 11:16 am ET
POINT ROBERTS, WA--(MARKET WIRE)--Feb 24, 2005 -- www.NaturalGasStocks.com (NGS), a global investor website for the natural gas sector, is pleased to offer an updated exclusive commentary on energy stocks: "Going With What Works: Another Energy Stock With Solid Insider Buying." The article is part of the ongoing "Insiders Corner" column, by well-known financial writer and author Michael Brush. Mr. Brush also writes a weekly market column for CNBC on MSN Money. Mr. Brush has covered business and investing for the New York Times, Money magazine and the Economist Group. NaturalGasStocks.com is a portal under the ***************** umbrella. The NGS site does not make recommendations, but offers a unique information portal to investors to explore news, articles, and recent research.
This Week's Feature: Going With What Works: Another Energy Stock With Solid Insider Buying By Michael Brush ADVERTISEMENT
Small-cap energy companies whose insiders are snapping up shares have been an excellent place to pick up phenomenal returns. Since it usually pays to go with what's working, let's take a look at another one that looks like a buy because of recent insider activity: Tri-Valley.
Before we get to the details on this stock, which I think could triple or more in a year or two, let's take on the skeptics who might make the following challenge. "Yes, energy stocks where insiders are buying have done well, but they've only gone up because energy overall has been a top performing sector this year."
They are right about the first part. But they're wrong on the second, because small energy companies where insiders are buying have done way better than most other energy stocks. For some evidence, let's look at the four energy stocks in my Jan. 14 Insider's Corner column. (For Insider's Corner headlines, click here: http://*****************/insiderscorner/.)
Two of those stocks, Goodrich Petroleum and Infinity, are up an impressive 54% in the five weeks since that column ran. Another, PetroQuest Energy is up 43%. Even the worst performing stock from that column, Chesapeake Energy, has gained 22%.
In other words, all of them have simply trounced the iShares S&P Global Energy Sector exchange traded fund (ICX), which advanced 14% in the same time frame.
Another great example: Parker Drilling, the very first stock I introduced in Insider's Corner last Nov. 30. In the three months since then, it's up 27%, compared to gains of just 7.9% for the iShares S&P Global Energy Sector exchange traded fund in the same time frame.
Now here's a closer look at Tri-Valley, another one that should outpace the energy sector overall.
Tri-Valley
Tri-Valley is a Bakersfield, California-based energy company with lots of moving parts, including a minerals division that will get spun out to shareholders at some point soon. But let's just focus on what looks like the most interesting piece: the company's natural gas fields in and around Bakersfield.
Here's the bottom line: A report last summer by Charles Strain and Associates, a reputable energy sector analyst, put the net asset value (NAV) of Tri-Valley's Bakersfield projects at $47.46 per share. The stock recently traded at around $13.
NAV is derived by discounting back the value of future production, to understand what the projects are worth in the present. The Charles Strain report uses conservative assumptions, including a $25 per barrel price of oil. Oil recently traded for twice that amount. Sure, mistakes and surprises can happen along the way. But basically it looks like Tri-Valley is still trading way below where it should be, despite the recent breakout from the $10 trading range for the stock.
The Charles Strain report looks at what Tri-Valley might produce going down to depths of 12,000 feet in the Bakersfield area. But Tri-Valley says reserves actually reach down as far as 45,000 feet, and it may be possible to produce well into those depths. This isn't clear, because structures are different in California than anywhere else where production has occurred so deep. "So this is pioneering effort," says chief executive F. Lynn Blystone. "But if we are successful, we will in effect open up the third century of the oil business in California."
Recent insider activity suggests the valuation work by Charles Strain is on target and the stock will be moving higher. A Tri-Valley director purchased $208,000 worth of stock for $8.40 in early January, according to Thomson Financial.
Directors also exercised 570,000 shares in options, at prices of 50 cents to $2.43 since early December. But more importantly, they did not sell the shares. What does this mean? It suggests they see much bigger gains ahead for the stock, and they wanted to realize the tax effect of exercising options now, before the stock gains play out. In short, it's a bullish sign.
Bottom line: I already own shares, but I'd buy more right now and hold for a triple in a year or two.
At the time of publication, Michael Brush owned shares of Tri-Valley.
Featured Public Companies: (NGS is compensated for featured company profiles)
Avalon Gold Corporation (OTC BB:AVGC.OB - News) has an undivided 85% working interest in a giant gas field lease in the prolific natural gas producing Uinta Basin, located in the US Rockies, Utah. The lease comprises 13,189 acres with a potential 4 TCF recoverable gas and is overpressured by a 0.55 - 0.85 gradient. Avalon states that its Uinta Basin Prospect has the potential of being a Giant Gas Field similar to the Drunkards Wash Field and the Jonah Field, both recognized gas fields. The Drunkards Wash Field, just south of Avalon's prospect area, is estimated to be between 2-4 TCF of recoverable gas. The Jonah Field Overpressured Gas Plain, which is analogous to the Company's prospect area, has similar overpressuring, depth, reservoir rocks and is estimated to be 2.5+ TCF. http://www.avalongold.ws/
Heartland Oil & Gas Corp (OTC BB:HOGC.OB - News) Heartland is developing approximately 915,000 acres of coal bed methane lands in the Forest City Basin (FCB) in the state of Kansas, USA. Using an 80 acre spacing the acreage is expected to provide approximately 10,000 drill locations. The company currently has 89 wells, in eight pilots including 55 CBM wells that are currently dewatering and/or venting gas, 26 CBM wells awaiting stimulation and 8 saltwater disposal wells. Heartland's recent acquisition of Evergreen Resources' FCB assets and $44.5 Million financing provide for long term growth. http://www.heartlandoilandgas.com/
Petrol Oil and Gas, Inc. (OTC BB:POIG.OB - News) is producing oil, gas, and Coal Bed Methane at properties in Eastern Kansas and Western Missouri. Recently, the Company acquired 71 CBM producing wells in Southeast Kansas on 10,000 acres flowing about 3,000 Mcf per day. The new property has the potential for another 100 drillable sites, and the Company plans to utilize cash flow generated from this project to fund the aggressive drilling program currently underway. http://www.petroloilandgas.com/
Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) is committed to the exploration and development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic partnerships. The Company has its first producing gas well being tied-in to pipeline in California, and excellent prospects both there and in Alberta. http://www.silverstarenergy.com/ Posted by newbravado on :
Taking a pummeling. ...and on good news! And more good news on the way. We have lost a lot of week hands already on this down turn. Panic selling.
Posted by HitMe101 on :
I averaged down about 10 cents so far,bought more @ .90 yesterday.Next few weeks should be very exciting according their last few PR's.Maybe they want to buy more shares so they are bringin this down.GLTA.
Posted by HitMe101 on :
Thinkin of averaging down...thoughts?RSI currently 26.5,someone needs our shares bad it seems.Company bringing it down;so they can buy more?
Posted by cheesehead on :
Hey guys, i've been watching on the sidelines since the 14th. I'm waiting till the MACD bottoms/turns up, might be next week. Your right Mach, can't make a buy just on a candlestick confirmation. This thing has been under some heavy accumulation the last six months. Just an opinion.
Posted by Machiavelli on :
heading down to RSI 20.. wooowhooo happy days will be here again soon... watch it very closely this week... especially monday morning since its been down 3 days in a row... but if not monday sometime soon..
Posted by *Magnetic*Microspheres* on :
I will radar it. Why the drop last week, was it the Financials released on Thu Feb 24?
Posted by Machiavelli on :
MM's probably shorting it.. sooner or later (more likely sooner) the stock will uptrend and they will have to cover their shorts... then everyone else will jump back on it as well... but rarely do stocks go under RSI 20...
Posted by j tex on :
Everybody seems worried on this drop in price,i`ve had shares for ten months and still feel comfortable that this is one to reach 45.00to 50.00 within this year at end.Thereare too many positives going for it, gas pipelinew, oil punping to the tune of 1.5 million to 2 million a year positive cash flow with many more drill sites to drill at least 2 million positive cash flow. Focus and add the total pluses!
Posted by HitMe101 on :
Agreed,long term for sure.News is out on this...(work CPU)will not allow right clicking.Can someone post it?Thanks.
Posted by Machiavelli on :
quote:Originally posted by j tex: Everybody seems worried on this drop in price,i`ve had shares for ten months and still feel comfortable that this is one to reach 45.00to 50.00 within this year at end.Thereare too many positives going for it, gas pipelinew, oil punping to the tune of 1.5 million to 2 million a year positive cash flow with many more drill sites to drill at least 2 million positive cash flow. Focus and add the total pluses!
Im not worried at all.. I guess you do not know what RSI means.. and anyways im a trader not a investor... if this stock ever reaches $50 per share it wont be for years(more then one year)... us who are traders are keeping a eye on the RSI for the stock to hit a certain point and go on a uptrend.. we could care less if it reaches $40 per share because we are not in trades for the long term... we make short term trades for profits... get out and look for a new stock... by the way for those who know how to read a candlestick chart.. its now a Hammer pattern as of 11:53 EST.. to confirm this is the uptrend we were waiting for .. would need to see the next candle tomorrow to see if its a white one... Posted by glassman on :
that one post made me review my DD... i think 2.5$ would be great....
Posted by HitMe101 on :
Look @ a similar Co. (UPL) went from $10 to $55 in just about a years time.Hoping for SVSE to do the same or at least something similar.Here is the News for SVSE Today.
Press Release Source: Silver Star Energy, Inc.
Initial Oil Production at Joarcam "13-27" Oil Well to Exceed 75 Barrels per Day Monday February 28, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Feb 28, 2005 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) today announces that initial testing at the "13-27" oil well has shown that the production rates should exceed the original estimates of 75 barrels per day. The "13-27" will be on pump to establish the Initial Production Rates (I.P.R.) of the well.
As the "13-27" well location directly offset another well that initially produced oil at rates of approximately 75 barrels per day, Silver Star and the operator made a comparison between the logs of the two wells and had determined that the 5.2 metre (17.1) interval at the "13-27" well appeared to be a cleaner sand and thus may be more productive than the offsetting "16-28" well.
Third-party analysis of the swab report indicates that "the well will begin pumping at a rate exceeding 75 barrels oil per day."
A pump-jack is immediately being delivered and will be set up at the well-head. Silver Star anticipates the onset of commercial production of oil at the "13-27" well to be a matter of days. With near-record prices for crude oil, Silver Star has projected that the well should generate $112,000 per month in revenue, or $1.3 million per year, and will payout its entire cost in 6 months. The long-life reserves in the Viking allow wells to be in commercial production for 20 years.
Currently, the 38-degree API light oil at Joarcam has been priced at over $51.00 per barrel ($64.00 CDN). The prospect lands are located about 25 miles southeast of Edmonton, Alberta, and there is year-round access to the property.
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high-quality, low-risk prospects provided via key strategic alliance partnerships.
Safe harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Silver Star Energy, Inc. has little or no control.
Posted by HitMe101 on :
Been holding in the .80 range for past couple hours.This could be a good sign.GL.
Posted by trademark on :
hello
dos any one know forbes broker?
Posted by HitMe101 on :
You have to be excited in a company like this!!Why Not?
yes i think the chart is finally "correct"
Posted by <Intriguing> on :
How high do you think SVSE will go?
Posted by HitMe101 on :
A 10-20 cent gain is possible from here...the long white candle is lit!!!
[ February 28, 2005, 18:42: Message edited by: HitMe101 ]
Posted by HitMe101 on :
Posted by Machiavelli on :
man im better then i thought lol jkk..
Posted by cruz on :
very interesting to watch tomorrow - a possible sign of an uptrend.
Posted by newbravado on :
Like I said before... "SVSE broke its upward trend. But since nothing has changed, Pipeline still coming on-line, and Alberta wells in testing, whats to worry? Holding long term." In hindsight I wish I would have sold the first day it broke trend. I could have picked up a lot of extra shares. It's easy to look back in hindsight.
Posted by glassman on :
after .94?
1.01 is the next resistance...
Posted by HitMe101 on :
That's what i'm talkin bout Glass!!Cheers! Posted by glassman on :
well, the mms reset their positions a little since then, i was going on Lev2.... BUT, 1.01 is still in sight....and somebody is buying during lunch... Posted by HitMe101 on :
Looking for the $1.00 mark today.Slow & steady is fine with me.
Posted by HitMe101 on :
OK...I'll settle for .95 Posted by HitMe101 on :
Well,it closed @ .95 Thanks MM's!!
Posted by Machiavelli on :
whose going to buy me a round of drinks? hehehe
Just dont forget to put stop/losses to limit any losses and protect your profits .. if you dont and the trade goes the other way you better believe i'll say i told you so lol ...
Posted by HitMe101 on :
I'll send you some,what's your EMAIL? LOL.
SVSE Go Long!!
Posted by glassman on :
The Opening Bell By Bill Panetta
Probably the hardest part of the trading day for most new and basically any trader is going to be the first 15 minutes of the trading day.
There are lot emotions that run high during this period. For me personally I have always tried to find ways to try and keep my emotions from getting out of control so I don’t make bad trades. Especially in the first 15 minutes of the day.
Through trail & error over the years I have come up with some strategies that work for me.
THE 10-MINUTE HEAD FAKE ON THE OPEN: I am starting to see this more and more now. This Market Maker Tactic (IMHO) is to shake out a lot of weak longs especially in a hot stock.
I will give you to 2 great examples of this trick.
AGIS: yesterday (11-07-2003) first thing MM”s did is they gapped it down, that was there first scare tactic. Now what we are going to focus on is the opening price for agis.
The opening price was .271 first print of the day. Remember stay focused on the opening print .271. Here comes the 10-minute head fake. The stock makes a low @ .20 in the first 10 minutes of day. I am watching this all happen on my level 2 screen BTW. AGIS makes a bottom at @. 20 now here is what I am looking for on a reversal. As soon as I saw the reversal happening I started buying in @ 23-24 and picked up 10k shares for this trade. Remember pay attention to the opening price of .271. That is my guide through this whole process.
Once AGIS traded through the opening price of .271 the stock exploded and within basically 1 hour of the trade it traded as high as .75 cents. I had personally had gotten out .70 and I was done for the day. This trade will last usually 1 hour.
What are the key points? Stock makes a bottom in first 10 min. then comes back and trades through and closes above .271 the opening price within about 5-10 minutes after it making the bottom at .20. My stop loss is .20 if breaks .20 I am out for a small loss. My risk was $400.00 but my reward was over $4500.00.
Another point I will make is I will only make this type of a trade in a hot stock that has a lot of volume. A lot of liquidity.
Another point is it that the stock has to be above the 5 & 10 day moving average for this kind of trade. It has to be in full motion.
FNIX: (11-03-03) Another great trade. The 10-minute head fake was on this stock as well. Opening price .93 within 10 minutes makes a bottom @ .83 I buy 10K shares @ .86 again are main focus is the opening print of .93. The stock explodes through .93 the opening price and hits a high of 1.19 within 1 hour of hitting a bottom. The MM”s can kiss my butt. Money in the bank. More head fakes please. You need to use level 2 for this type of trading, if you don’t have it get it. Risk 300.00 Reward 3,000.00
Posted by HitMe101 on :
Well Said.
Posted by glassman on :
stop losses that are too tight have been taken OUT
Posted by glassman on :
it looks to me like NITE is in trouble...
my L2 says they are not on the bid at all...and they are sitting on the ask
Posted by HitMe101 on :
I think he stepped out for a break,back on top of B&A now.Panic sellers are out...let's roll!!
Posted by glassman on :
oil up some more today.....
Posted by Machiavelli on :
quote:Originally posted by glassman: stop losses that are too tight have been taken OUT
Tight? who said i like em tight? I like them loose lol jkk... usually .25 below the high of the day... or even .125 Posted by glassman on :
i keep checking the insiders activity and the SHO list...all systems look good... i didn't expect it to double overnight...
but that round will have to wait 'till we see 1.20$ in my book...
if oil stays up it looks even better.... i swear i hear people mentioning 70$ barrel all the time now..(no i don't like it, i just trade it the way it IS)
i was busy with ASTM today so i didn't really watch the trades that close....
Posted by HitMe101 on :
Lookin for SVSE to move off of PennyLand/OTCBB soon.
Posted by HitMe101 on :
Holding nicely this a.m. Not many on the ask @.92 then it's (.95x2) (.96x3) (.97x1) then jumps to (1.01x5) alittle volume & we're at a buck!!GLA.
Posted by Machiavelli on :
right now its doing a pullback.. volume is low.. tomorrow will be interesting because it will set the stage for monday morning..
Posted by j tex on :
After looking at the pro`s and cons, its surelyhas to look very promising with an eighty million dollar company plus, being able to profit 1 1/2 million a year from every well in drops in the vacinity of the first one. If you want to figure the simple math, one well every two months and paid for in just six months! How sweet can it be? It might look like a Texas playground of oil dericks!
Posted by HitMe101 on :
Never really thought of that JTex.I could've got out a few times this week,I mainly trade daily but this one seems to have long term effect on me.Any Prejections?I'm thinkin with the wells producing this year,more goin in & oil prices up, this should easily double within a year.My thoughts....
Posted by glassman on :
2005-03-04 09:00:21 March 16th, 2005 NaturalGasStocks.com Natural Gas and Oil and Gas Stocks Online Conference: Features Speakers From a Cr
POINT ROBERTS, WA -- (MARKET WIRE) -- 03/04/05 -- www.NaturalGasStocks.com (NGS), a global investor website for the natural gas sector, is pleased to host its second online investor conference in audio format, March 16, 2005. The online forum/conference will feature speakers from a cross section of small and large public companies in the natural gas sector as well as industry experts (TBA). The format will be an audio and accompanying PowerPoint presentation. Interested investors can gain perspective from industry participants and experts Posted by HitMe101 on :
Another great news segment.Should be another PR shortly from SVSE also,concerning oil of last well .Great times are here.
Posted by Machiavelli on :
Looks like its in a consolidation till either the bulls or bears decide what they are going to do and take control...
Posted by HitMe101 on :
Indeed!!
Posted by HitMe101 on :
Look at Early NOV. & look at now.
Posted by HitMe101 on :
Silver Star Receives Final North Franklin Gas Pipeline Permit -- Tie-In Construction Can Now Commence LOS ANGELES, CA - MARKET WIRE - 03/07/05 Silver Star Energy, Inc. (OTC BB: SVSE) is pleased to report that the operator of the North Franklin Project has informed the Company that the final government permit allowing for the completion of construction of the North Franklin gas pipeline has been received from the U.S. Fish and Wildlife Service. The permit covers the easement over the final 177' of the gas pipeline.
The Company has also been informed that the final construction of the short tie-in of the pipeline will now commence with a crew to implement the underground boring operation now being organized for the job. Silver Star anticipates the tie-in to be completed shortly, following which gas production will occur from the "Archer-Whitney #1" well. The progress of the tie-in will be updated as events unfold.
Silver Star has previously announced that a contract is in place with a natural gas purchaser. When final connection and tie-in is completed, the well will be evaluated as to I.P.R.s (Initial Production Rates). Silver Star is optimistic that gas flow rates will be similar to area analog gas fields and that 5,000 mcf/day is a realistic target.
The March 4th gas price based on PG&E-Citygate pricing is $6.47/mcf.
Posted by HitMe101 on :
Doing well...up to .95 now.Anybody else still in? Posted by glassman on :
lot of pressure building up here...
Posted by Machiavelli on :
volume increasing from previous 2 trading days and on the uptrend but still in consolidation and hasnt broken Resistance yet...
Posted by glassman on :
getting the final permits for connecting the gas well should have broken this out... i don't like the way the trades have been going between the bid/ask, but i'm in for long so i took advantage to add some more... Posted by HitMe101 on :
Only 3 ticks away from resistance...when it hits .97 our next stop is 1.09!!!
Going long myself & buying along the way.GLA.
Posted by HitMe101 on :
.95 x 3 left .96 x 1
then we're on our way...
Posted by Machiavelli on :
Resistance is .96... let's see if it breaks it and holds up...
Posted by HitMe101 on :
Morning all...remember further news should be released anytime now;concerning last weeks story on Joarcom well.GLA.
Also L2's are super thin now.
Ask 1 @.94 1 @.95 1 @.96 1 @.98
After that it is paper thin(500 instead of 2500 eeding to move this)
Posted by HitMe101 on :
2 100 signals just went though,they want your shares...don't give em up.
Posted by glassman on :
i HATE being patient.....
Posted by HitMe101 on :
What is your opinons on those L2's right now?
Posted by j tex on :
Are they any replies to the facts that this company is about to break out and junp 20 to 100% increase with all the cash flow in the forseeable future of SVSE!
Posted by HitMe101 on :
L2's are even thinner now...
1 x .93
1 x .935
1 x .94
1 x .98
8 x 1.01
Posted by Machiavelli on :
Everyone is holding.. no one wants to give up their shares... someone has to tip the scale.. either the bears or bulls... sooner or later...
Posted by glassman on :
if i sell mine? it will run the next day....
Posted by cruz on :
that is so true glass
quote:Originally posted by glassman: if i sell mine? it will run the next day....
Posted by HitMe101 on :
Someone bought chitload of shares the last hour and a half...any thoughts?Notice all those buys,without a budge?Maybe they'll let it loose!!!
For someone who does not own any SVSE, is it a good entry point?
Posted by glassman on :
it should be... i bought more yesterday at these prices..
i've watched it for quite awhile and started buying as soon as it bottomed..
i keep checking th e SHO list to see if its NSed and so far it isn't showing up...
getting TWO one million $+/yr each wells up-n running this year is pretty good if they stay on track...( it looks like they will)
i didn't buy this expecting it to double in a week or two...or even a month...
Posted by j tex on :
I`m glad to see more enthusiasium seems to thrive is the chat room with investors that can visualize this company going to highs that will continue throughout the year!
Posted by HitMe101 on :
Posted by HitMe101 on :
Only 1 left!!
Posted by Machiavelli on :
damn that .96 Resistance lol .. at least its nowhere near being overbought... investing? who cares about investing? lol jkk
Posted by HitMe101 on :
Lookin Good!
Posted by HitMe101 on :
NITE & SCHB @ .98 I think we're ready!
Posted by HitMe101 on :
There it is .98!!!
Posted by HitMe101 on :
Nite sitting @ 1.01 now.
Posted by Machiavelli on :
might go down slightly... after hours trading has it down .005.. but that could just be a "pullback" before it resumes its uptrend...
Posted by HitMe101 on :
Thursday's are normally slow,so may be a good time to buy more on dips.
Posted by glassman on :
i'm adding...today's trading was stupid here...
i'm thinking private placement problems....
Posted by HitMe101 on :
Yeah, I was trying to sell another stock so I could get some under .90 i'll probably miss out as usual.
Posted by Machiavelli on :
today was a ouch day... tomorrow will probably determine what monday will look like...
Posted by glassman on :
hard to believe it came down that easy....
Posted by j tex on :
All I can say is I`m trying to rid myself of other stock I`m not sure of and trying to secure more of svse while the getting is good! I cannot see it dropping any more down the pike.
Posted by Machiavelli on :
Looks like its recovering... but anyways other then that... J Tex.. dont ever fall in love with a stock.... thats the # 1 rule in trading.. dont ever think a stock wont go down the "pike" further because it can.. i have made the same mistake in the past with that thinking... always limit your losses and protect your profits.. im not saying do that with this stock because to me this one is a good one like i predicted.. but just in general with all stocks... always have stop/losses...
Posted by Machiavelli on :
It's at .84 as of 12:44 PM EST..It looks to be forming a Double Bottom pattern.. I would get out and then get back in when it starts forming the last leg of the "W" pattern..
Posted by glassman on :
amazing how little volume it takes to drop this isn't it?
Posted by Machiavelli on :
Look for it to bounce back up at around .80 or a little below if it is a Double Bottom Formation on Monday or Tuesday..
Posted by tasharruf on :
In such case would you guys be holding your positions or selling it now and taking a loss and then buying again at later point. I had bought the other day at 0.94 and am thinking of selling it before it hits too low.
Posted by HitMe101 on :
I would say try to bring your average down if you can.Long term...well I hope i'm right,but .94 will be the price everyone wished they would've bought at.With all the positive things going for the Co. this could be back @ the 1.75-2.00 range EOY.I bought in @ .90 & .80 for an average of .85 i'm not worried cuz I know this is just the MM collecting shares & pushing people to sell.If we all held this would probably be at least $1.25 or so right now.
Posted by glassman on :
2005-03-14 09:00:35 Pipeline Tie-In Begins at North Franklin
LOS ANGELES, CA -- (MARKET WIRE) -- 03/14/05 -- Silver Star Energy, Inc. (OTC BB: SVSE) is pleased to report that the operator of the North Franklin Project has informed the Company that the tie-in operations of the "Archer-Whitney #1" well have commenced. The crew is onsite and has begun the tie-in of the well.
The operation involves the boring of approximately 20 feet underground and connecting the last 177-foot section of the pipeline to the gas well. The operations are estimated to take several days following which the well will be put online and gas production can commence.
Silver Star has previously announced that a contract is in place with a natural gas purchaser. When final connection and tie-in is completed, the well will be evaluated as to I.P.R.s (Initial Production Rates). Silver Star is optimistic that gas flow rates will be similar to area analog gas fields and that 5,000 mcf/day is a realistic target.
The March 11th gas price based on PG&E-Citygate pricing is $6.46/mcf.
::: looking at candlestick chart right now ::: like i said .. Double Bottom Pattern... after hours trading has it on the uptrend... I fully expect it to finish up tomorrow... though nothing is 100% and i could be wrong... but we shall see..
Posted by HitMe101 on :
Above PR says it all....this is going up just like oil is!!!
Posted by HitMe101 on :
I can't believe their isn't more peeps involved here.Reasons?
Posted by Machiavelli on :
So far ive been right.. as of 11:50 AM EST it is on the uptrend like i predicted it would be but the day isnt over yet... i wonder where everyone disappeared to.. i guess they had no faith in my posts .. :: sniffles :: lol jkk
Posted by glassman on :
still here Mach.. LOL, just not really too worried about this one...
Posted by <Intriging> on :
I invested in this at .91 and am a little worried, but I'm holding this for the long term. Where do you see this going in the long term?
Posted by cruz on :
i've been watching this Mach too. I may just get in tomorrow. I don't know. The overall market does not look good now. The thing going for this stock is it's an energy stock. It may consolidate from here. It didn't form a bullish engulfing pattern like the first bottom. Will keep an eye out tomorrow.
Posted by Machiavelli on :
today the market did really bad (so did the Nikkei and other markets aroundt the world) but i think it will "correct" itself tomorrow and SVSE will go up with it especially since its RSI is hooking up.. again i could be wrong.. but I was right about it finishing up today even if it wasnt by much it still did nonetheless...
Posted by HitMe101 on :
With everything positive so far,this should do real good long term;right now they are still setting up so to say.3rd & 4th Qtr this should be rolling IMO.
Last Candle looks good!
Posted by HitMe101 on :
Doin OK for a Thursday.Should do well Fri. & Mon.
Posted by Machiavelli on :
Oil is up at $57 a barrel today and our little stock is not on the uptrend today following it? hmmmmm but its still at support so may bounce off tomorrow or monday...
Posted by cruz on :
still watching from the sideline.
Posted by HitMe101 on :
With crude prices & current RSI (32) I can say fairly confident we will see .85-.90 between Fri.& Mon.
We'll see!!
Posted by HitMe101 on :
Well it hit .86 so far!!!
Major News Out!!! North Franklin Pipeline Tie-In Finished -- Gas Production From "Archer-Whitney #1" Well Can Now Begin Friday March 18, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Mar 18, 2005 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) is pleased to report that the pipeline at the North Franklin Project has been finished. The "Archer-Whitney #1" gas well has now been tied-in and will be put online. ADVERTISEMENT
A gas sales contract is in place with a natural gas purchaser. Once official production begins, the gas well will be evaluated as to I.P.R.s (Initial Production Rates). Flow rates will now be established by the performance of the well and response of the reservoir. The Company has always expected excellent deliverability from the well and is optimistic that ultimately, gas flow rates will be similar to area analog gas fields and that 5,000 mcf/day is a realistic flow rate target.
Robert McIntosh, President of Silver Star stated, "The completion of the pipeline at North Franklin is a milestone for the Company. After undergoing lengthy delays, the 'Archer-Whitney #1' well can now be put online at a time when energy prices are soaring due to increased demand. Now, Silver Star can focus on the development of the gas field in the upcoming months by drilling more wells and increasing cash flow to the company."
Today's gas price based on PG&E-Citygate pricing is $7.09 mcf.
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.
Safe harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Silver Star Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Silver Star Energy.
Posted by HitMe101 on :
.87 slow & steady.
Posted by Machiavelli on :
told ya it would bounce.. Posted by turbokid on :
now all it has to do it keep going up instead of down.. somehow that sounds easier than it is.. Posted by Machiavelli on :
doesnt go down that much it keeps bouncing off its Support...
Posted by HitMe101 on :
Their isn't a better investment than this with the 100% positive news.Buy at the support levels & you can't go wrong!!!GLA.
Posted by HitMe101 on :
looks like its going into a consolidation now.. price is unchanged... the volume was low and not much buyers or sellers for the day... meaning people are still holding onto the stock and keeping a sharp eye on it to see what it does... before they decide what to do with their shares.. let's see what tomorrow brings...
Posted by HitMe101 on :
NEWS>>>
North Franklin Gas Production From "Archer-Whitney #1" Well Begins Tuesday March 22, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Mar 22, 2005 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) is pleased to report that natural gas production has begun from the "Archer-Whitney #1" gas well. The operator of the North Franklin Project informed the Company that the well was put on production and began flowing gas into the gas buyers system. A gas sales contract is in place with a natural gas purchaser and Silver Star will begin to receive revenue as of today's date.
The operator of the project has choked down and metered the flow at an initial rate of 2.0MMcf and will be increasing the flow in small increments until the pressures from the reservoir stabilize at an acceptable rate that will not damage the casing or productive sand layer. It is critical for the field health to inhibit a simple open flow and to choke down pressures to prevent gas reservoir "coning" and drawing water into the sands by the outgoing gas.
The Company will endeavor to release further gas flow rates from the well as soon as numbers become available. The gas well will now be evaluated as to I.P.R.s (Initial Production Rates) and flow rates will be established as to the performance of the well and response of the reservoir.
The Company has always expected excellent deliverability from the well and is optimistic that ultimately, gas flow rates will be similar to area analog gas fields and that 5,000 mcf/day is a realistic flow rate target. The production rate will now be evaluated and assessed by the Company, partners and operator as to optimal numbers for the well and reservoir.
Robert McIntosh, President of Silver Star, stated, "The inaugural production at North Franklin is a tremendous accomplishment for the Company. Now that the well is finally online it comes at a time when gas prices continue to rise due to high demand and Silver Star is positioned to take advantage of these natural gas prices. The Company has plans for drilling 5 more wells on the leases and the second well is scheduled to begin drilling immediately on the lease when the conditions allow us to mobilize drilling equipment."
Monday's gas price based on PG&E-Citygate pricing is $7.19 mcf.
Posted by HitMe101 on :
Up to .88 now L2's are still thin.
Posted by Machiavelli on :
Closed at .91... hehehe.. and i guess i was right it did become a Double Bottom Pattern/Formation... on rising volume.. look for a continuing uptrend now... if the market can hold up steady for once lol ...
Posted by HitMe101 on :
1 left @ .92 then it's .95 4x .96 1x .97 1x 1.01 6x
Posted by HitMe101 on :
Nice Volume, so far 1/2 a million.If we can close @ .90+ the rest of the week this will give us strong support at this level.So Far So Good!
Posted by j tex on :
It looks all positive tome, can anyone see anthing that is negative with or about this company? It`s a long term for my money, looking to keep on growing and making profits!
Posted by HitMe101 on :
.88 Monday .91 Yesterday .92 Today
Posted by Machiavelli on :
I have a feeling this one will finish down instead of up today.. the candlestick pattern looks like a Evening Doji Star.. volume is still not that great but its only 11:38 AM EST ... so far its down .01 ... but hopefully the Evening Doji Star won't hold up and it will turn around.. if not there is always tomorrow...
Posted by HitMe101 on :
Support is .87 @ we're at .91 now,so if your gonna buy;in between this area is good.
volume is low for the day so far... Bulls and Bears are battling it out so far.. Bears are slightly winning with the stock being .01 below yesterday...
Posted by HitMe101 on :
Fairing nicely.Little over an hour left today.
Posted by HitMe101 on :
Decent Finish coming up.Have a Nice Weekend Everybody.
Posted by Machiavelli on :
yup Evening Doji Star.. but its still above its 20 Day Moving Average so maybe it will use the MA as support...
Posted by HitMe101 on :
Fairing well once again @ .89 L2's are still thin.
Posted by HitMe101 on :
.90 x 1 .91 x 1 .92 x 2 .93 x 1 .94 x 1 .95 x 1 .96 x 1 (Now that is thin!)
>>>>>1.01 x 6<<<<<
A little news right now would could set this off.
Posted by HitMe101 on :
@.92 now!!
.92 x 1 .93 x 1 .94 x 3 .95 x 4 .96 x 1
Posted by Machiavelli on :
Looks like its about to bounce off of Support again.. Market did very good today... and i expect this one to bounce tomorrow or friday before the weekend...
Posted by HitMe101 on :
Silver Star Energy To Be Covered By Investrend Affiliate SISM Research
TUESDAY , MARCH 29, 2005 12:57 AM
Mar 29, 2005 (financialwire.net via COMTEX) --March 29, 2005 (FinancialWire) Investrend Research affiliate SISM Research is initiating coverage on Silver Star Energy (OTCBB: SVSE).
Silver Star Energy, Inc., based in Los Angeles, has targeted low to medium risk ventures of natural gas properties in California and oil and gas properties in Alberta, Canada that have the potential for short-term returns as well as longer reserve lives. Through a series of strategic acquisitions via its key alliance partnerships, Silver Star Energy, Inc. has positioned itself for rapid organic growth.
During 2004, the company's exploration and development programs were successful. SVSE has working interests natural gas properties, located in a prolific gas producing area of the Sacramento Basin with combined estimated probable gas reserves of more than 140.5 Bcf. The company's Alberta oil projects have estimated probable oil reserves of more than 4.5 million barrels and gas reserves of 4.0 Bcf.
"Commercial oil production began at Joarcam in Alberta on March 1st and natural gas in California on March 22 at the North Franklin Gas Field. Silver Star is now a cash flow positive company," said Ernest C. Schlotter, oil and natural gas analyst with SISM Research.
He added, "Proved undeveloped reserves, represent the future of a growing company like Silver Star Energy, Inc. and the company has increased its capital expenditure budget to $7.0 million for the current fiscal 2005. This capital expenditure budget is financially secured and, in addition, the company will reinvest cash flow from operations. Increased drilling activities will lead to rapid growth in the company's production volume, earnings per share cash flow as well as ameliorate Silver Star's underlying net asset value growth."
SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM writes, publishes and distributes research coverage, in both English and German, on micro- to small-cap public companies trading on the OTC Bulletin Board, NASDAQ and AMEX.
This coverage is geared toward institutional and individual investors in both North America and in German-speaking Europe, a market that represents more than 100 million people. SISM Research is a content provider to Thomson Financials OneAnalytics/FirstCall, to Multex, and InvesTrend. Both SISM Research and InvesTrend Research subscribe to the "Standards for Independent Research Providers."
Silver Star Energy, Inc. will pay SISM Research $1,750 per month over a two-year period solely to ensure independent coverage.
The company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.
FinancialWire is an independent, proprietary news service of Investrend Information, a division of Investrend Communications, Inc. It is not a press release service and receives no compensation for its news or opinions. Other divisions of Investrend, however, provide shareholder empowerment platforms such as forums, independent research and webcasting. For more information or to receive the FirstAlert daily summary of news, commentary, research reports, webcasts, events and conference calls, click on http://www.investrend.com/contact.asp
Bouncing wrong way,Why the sudden surge in activity?Glass?Mach?
Posted by HitMe101 on :
In the support area again,(RSI 33)should do nice over the few days.
Posted by Machiavelli on :
starting to bounce of as of 2:11 PM EST ... up .01 so far.. volume isnt much though... I would most likely sell it off before closing today and see what next week brings to re enter the position... but let's see how the rest of the trading day goes..
Posted by HitMe101 on :
NEWS IS OUT!!!
March Production at Joarcam 13-27 Well Totals 1414 Barrels Oil -- Initial Production Averages 49 Barrels per Day Monday April 4, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Apr 4, 2005 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) today announces the March production for the 13-27 well at Joarcam, Alberta. The well commenced commercial oil production on March 1, 2005, and the Company has received production results for the first 29 days. Total oil produced and shipped for sale was 1414 barrels with an average daily production rate of 49 barrels per day. ADVERTISEMENT
The swab test analysis of the well during the completion phase indicated that the production rate should exceed the original estimate of 75 barrels per day. The I.P.R.s (Initial Production rates) are being evaluated and production has, over many days in the month, exceeded a rate of 60 barrels per day. The Company and operator are analyzing the results and will determine whether a larger down-hole pump may be required to increase the flow rates of the well. Total fluid measured during the testing period indicates the well should perform better. However, during this current period of Government imposed road bans, equipment to perform this operation cannot be moved to the well site until spring breakup is complete.
The 13-27 well is the first of a multi-well program drilled at Joarcam by Silver Star. The 2005 development program calls for the drilling of a minimum of 10 wells to develop the field. The Company has previously announced that the 5-22 well is ready to drill as soon as conditions allow following spring breakup in Alberta. When fully developed, the 10 wells should give a daily production rate at Joarcam of 500 barrels per day.
Robert McIntosh, President, states, "The first full month production at Joarcam is what we believe to be the start of a lengthy and profitable operation." On March 31st, statements were made by influential investment bank Goldman Sachs in a research report. The analyst predicted that oil prices could touch $105 a barrel in the next few years and that the world energy market is in the early stages of a "super-spike" period that could see 1970s-style price surges. This forecast was quoted as "conservative" from Goldman Sachs and staggered the oil markets. Mr. McIntosh further stated, "As Joarcam is developed, the oil reserves will become a core asset to the Company's future cash flow."
Using current "West Edmonton Light" pricing for Joarcam light crude oil, Silver Star has now projected that the well has generated $80,600 in revenue or $967,000 per year and will payout its entire cost in 7 months. The long-life reserves in the Viking allow wells to be in commercial production for 20 years. Currently, the 38-degree API light oil at Joarcam has been priced at over $57.00 per barrel ($67.00 CDN). The prospect lands are located about 25 miles southeast of Edmonton, Alberta and there is year-round access to the property.
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high-quality, low-risk prospects provided via key strategic alliance partnerships.
Safe harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Silver Star Energy, Inc. has little or no control.
Posted by HitMe101 on :
MM's are lining up SCHB sittin @ .84 <<resistance 1 @.78 2 @.79 1 @.80 2 @.82 3 @.85 3 @.86 1 @.89
Posted by Machiavelli on :
today and rest of this week should look good... yeeeeeee hawwwwww
Posted by Machiavelli on :
Check out ABP while your at it Hitme and others..
Posted by HitMe101 on :
ABP is Overdue...on the radar,$4.50-$5.00 is very possible,DD looks good!!Thanks.
Posted by Machiavelli on :
ABP is up .26 for the day... but i would becareful with this one now.. its overbought.. it could "correct" itself in the next 2 days.. SVSE on the other hand is up .04 for the day with a Bullish Engulfing candlestick Pattern... but have to wait for tomorrow for confirmation..
Posted by HitMe101 on :
ABP is a good long term,a Buy Confirmed on SVSE so over next few days should get interesting indeed.
Posted by Machiavelli on :
SVSE... resistance is .80... buy at .81+ with increased Volume..
Posted by HitMe101 on :
Silver Star Announces Plans for Next North Franklin Gas Well -- "Archer-Wildlands #1" in Preparation to Drill April 7, 2005: 9:00 a.m. EST
LOS ANGELES, CA (Market Wire) - Silver Star Energy, Inc. (OTC BB: SVSE) today announces that the Company has executed an Authority for Expenditure (A.F.E.) for the "Archer-Wildlands #1," the next gas well to be drilled under the overall development plan for the North Franklin Project. Silver Star has advanced funds in full to the operator totaling $152,000 for the Company's 40% working interest cost of the well to completion.
The "Archer-Wildlands #1" gas well is licensed, permitted and the well site preparations are ongoing. The Company expects a tentative spud date upcoming later this month, dependent on ground conditions. A drill contract has been signed and a drilling rig has been secured for the well. Silver Star will update the progress of the operation when the operator has determined a firm spud date.
Robert McIntosh, President, states, "With the recent commencement of commercial gas production, Silver Star is pleased that the second gas well is now to begin as part of the 2005 development plan for the North Franklin gas reservoir."
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.
Posted by HitMe101 on :
RSI down to 30,Keep an eye on it for da bounce!
Posted by HitMe101 on :
Good entry point once again @ .62 now.Nothing but positive News.MM's are almost done shaking people.GL.
Posted by newbravado on :
RSI hit 20 today. Looks like this down trend might be on its last legs. Who knows. I picked up a few more shares.
Posted by HitMe101 on :
Yeah,reloaded @ .62 to bring my average down.Just "patiently" waiting,I know it's long term;but dahm, it's my money too!!!LOL. Posted by Machiavelli on :
How Low can this one go lol anyways they made a announcement about a Well for next month...
Updated: 09:22 AM EDT Silver Star Announces Plans for Next North Franklin Gas Well -- "Archer-Wildlands #1" in Preparation to Drill
LOS ANGELES, CA -- (MARKET WIRE) -- 04/07/05 -- Silver Star Energy, Inc. (OTC BB: SVSE) today announces that the Company has executed an Authority for Expenditure (A.F.E.) for the "Archer-Wildlands #1," the next gas well to be drilled under the overall development plan for the North Franklin Project. Silver Star has advanced funds in full to the operator totaling $152,000 for the Company's 40% working interest cost of the well to completion.
The "Archer-Wildlands #1" gas well is licensed, permitted and the well site preparations are ongoing. The Company expects a tentative spud date upcoming later this month, dependent on ground conditions. A drill contract has been signed and a drilling rig has been secured for the well. Silver Star will update the progress of the operation when the operator has determined a firm spud date.
Robert McIntosh, President, states, "With the recent commencement of commercial gas production, Silver Star is pleased that the second gas well is now to begin as part of the 2005 development plan for the North Franklin gas reservoir."
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.
Safe Harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Silver Star Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Silver Star Energy, Inc.
Robert McIntosh -- President
To find out more about Silver Star Energy, Inc. (OTC BB: SVSE), visit our website at www.silverstarenergy.com.
Investor Information: 1-888-803-SVSE (7873) Silver Star Energy, Inc.
20050407
Posted by slim on :
could go to .50 poss. lower.
Posted by HitMe101 on :
quote:Originally posted by slim: could go to .50 poss. lower.
If it does I might have to sell my dog,a kidney or two,some plasma,etc...just to buy more!!LOL
Posted by HitMe101 on :
Exciting News!!!
NEW YORK, LOS ANGELES & ZURICH, Switzerland, Apr 14, 2005 (BUSINESS WIRE) --
(Investrend Research Syndicate) Ernest C. Schlotter, oil and gas analyst with Investrend Research Affiliate SISM Research has initiated coverage of Silver Star Energy, Inc. (OTCBB: SVSE) with a Speculative Buy/4 rating and a 12-month price target of $1.50.
Silver Star Energy, Inc., based in Los Angeles, has targeted low to medium risk ventures of natural gas properties in California and oil and gas properties in Alberta, Canada that have the potential for short-term returns as well as longer reserve lives. Through a series of strategic acquisitions via its key alliance partnerships, Silver Star Energy, Inc. has positioned itself for rapid organic growth.
"SVSE has only recently left the exploration stage and entered the production phase," said Ernest Schlotter, and added: "Our positive investment rating is based on Silver Star's exceptional near-term growth profile and its development and exploitation prospects. Our $1.50 price target is based on a 5.0x multiple to our 2006E EBITDAX estimate." The Company is already in a "new well site preparation" phase at its North Franklin property in California, and if successful, production from this well could be expected during the current quarter. Silver Star has financially secured its expenditure budget and, in addition, the Company will reinvest cash flow from operations. Schlotter also stated: "Increased drilling activities will lead to rapid growth in the Company's production volume, earnings per share, and cash flow and will ameliorate Silver Star's underlying net asset value growth."
SISM Research, based in Zurich, Switzerland, is a private investment research firm offering high-quality, independent, fundamental research on public companies since 1995. SISM writes, publishes and distributes research coverage, in both English and German, on micro- to small-cap public companies trading on the OTC Bulletin Board, NASDAQ and AMEX. This coverage is geared toward institutional and individual investors in both North America and in German-speaking Europe, a market that represents more than 100 million people. SISM Research is a content provider to Thomson Financials OneAnalytics/FirstCall, to Multex, and InvesTrend. Both SISM Research and InvesTrend Research subscribe to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com. Posted by HitMe101 on :
Besides Mach & Glass who all is still in this?Comments?
Posted by newbravado on :
I'm still in. Just picked up a few shares. Nothing but good news.
Posted by HitMe101 on :
I can't believe there isn't more people involved in this.Like ya said nothing but positive News!!Gettin listed on the big exchange this year,more wells goin in,paying off the creditors,natural gas at all time highs!& so on.If you have any opinions feel free to express them!Good or Bad!
Posted by Bighitaz on :
Just bought in today, looks like a good entry point!
Posted by HitMe101 on :
Seems to be holdin ground here @ .69-.70 may be buildin support here now.Nice to see other peeps gettin involved.
Posted by HitMe101 on :
Also,Financial Report is due May 15th!! Should get interesting!
Posted by HitMe101 on :
RSI 32...Is it time yet Mach & Glass?? Posted by Machiavelli on :
Right now its consolidating so i can't make any predictions till i see some movement from RSI/OBV/VOLUME/Candle patterns/MA's etc... Consolidating = sideways pattern ...
Posted by HitMe101 on :
Press Release Source: Silver Star Energy, Inc
Silver Star Announces North Franklin "Archer-Wildlands #1" Gas Well Spud Date -- Production Update Friday April 22, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Apr 22, 2005 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) today announces that the Company has received a timeframe for the spud of the Archer-Wildlands #1 well. The drilling will commence in early May and the Company anticipates the well to be completed before May 15th. This will be the second in a series of wells to be drilled in 2005 in the development plan for the North Franklin gas reservoir. As earlier reported, Silver Star has advanced funds in full to the operator for the Company's 40% working interest cost of the well to completion. The "Archer-Wildlands #1" well is licensed, permitted and the well site preparations are ongoing. A drill contract has been signed and a drilling rig has been secured for the well.
Silver Star will be receiving the gas production totals from the "Archer-Whitney #1" well which went on commercial gas production March 21st. The Company now has been in production for one full month on April 25th and will report figures when received in full from the operator. Just as the Company recently reported its first month's oil production at the Joarcam 13-27 well, similar reporting will shortly be forthcoming from North Franklin.
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic alliance partnerships.
Safe harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Silver Star Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Silver Star Energy, Inc.
Robert McIntosh-President
To find out more about Silver Star Energy, Inc. (OTC BB:SVSE.OB - News), visit our website at www.silverstarenergy.com. Posted by HitMe101 on :
Predictions?Short to long?
Posted by HitMe101 on :
Press Release Source: Silver Star Energy, Inc.
Production Increases Now to Begin at "Archer-Whitney #1" -- Gas Flow to Be Increased to 2.5-3.0 Mmcf per Day Up From First Month's Start-Up Rate of 1.4 Mmcf per Day Monday April 25, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Apr 25, 2005 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) is very pleased to report on natural gas production at the "Archer-Whitney #1" well from the first 29 days of full production, which began on March 23rd, 2005. At these initial rates, the average daily gross earnings for the well amounted to roughly $11,000.00 per day, or $330,000 in total for all partners. The initial rates averaged 1.4 Mmcf per day. This is the first of six wells planned to be drilled into this reservoir on the leases.
The well has now settled and matured to the point that the operator intends to open the choke in the coming weeks to accommodate the high tubing and casing pressures. Silver Star now anticipates that the well should reach 2.5 Mmcf to 3.0 Mmcf in the first week of May, after the operator analyzes the pressures, again before allowing any increase. This would equate to a doubling of gas and revenue to $660,000 per month. This would generate $7.3 million per year revenue at these rates. The Company and partners, over time, have targeted 4-5 Mmcf per day production, and the step up of production is a very positive development. 5.0 Mmcf per day would equate to approximately $12.0 million per year in revenue from the well.
The operator of the project has choked down and metered the flow and would be increasing the gas flow in small increments. The operator's advice to the Company is to be prudently cautious in these early production days and not to be overzealous in rapidly increasing the flow rates. The operator has now indicated that the behind-pipe pressure has been stabilizing, and Silver Star can now report that the plan is to safely open up the flow incrementally at stepped rates. The operator and Company have been cautious with this initial period as the well was put online, working in a slow and methodical fashion to ensure that the reservoir is developed properly. The well will continue to be opened up until the stabilization of bottom-hole pressure.
In addition, the well was shut in during the lengthy delay in tie-in, and the Company and operator wish to ensure that every measure is taken to ensure the integrity of the reservoir so as to protect the Company's asset which is of vital importance to the development of significant cash flow to Silver Star. Pressures have been monitored both at the well and across the length of pipeline to sale point. The overall volume flow of a gas field can be a lengthy process that must be undertaken with caution to avoid damaging the reservoir or well to prevent gas reservoir "coning" and drawing condensate into the sands by the outgoing gas.
The April 22 PG&E-Citygate gas was priced at $6.81 per mcf.
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high-quality, low-risk prospects provided via key strategic alliance partnerships.
Safe harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Silver Star Energy, Inc. has little or no control.
ON BEHALF OF THE BOARD
Silver Star Energy
"Robert McIntosh" Robert McIntosh-President To find out more about Silver Star Energy, Inc. (OTC BB:SVSE.OB - News), visit our website at www.silverstarenergy.com.
Contact: Contact: Silver Star Energy, Inc. 1-888-803-SVSE (7873)
------------------------------------------------------------------------ -------- Source: Silver Star Energy, Inc.
Posted by HitMe101 on :
10% rise so far!!
Posted by HitMe101 on :
Silver Star Acquires Two More Sections of Joarcam Lands
LOS ANGELES, CA, Apr 27, 2005 (MARKET WIRE via COMTEX) --
Silver Star Energy, Inc. (OTC BB: SVSE) today is pleased to announce that the Company has increased and doubled its land holdings in the "core" Joarcam Project area. Silver Star has now acquired an additional two sections that are on trend to producing Viking sands, south of the current lease holdings. The two newly acquired full sections, if fully developed, would enable Silver Star the ability of drilling up to 32 additional wells.
The acquisition is from a private Alberta company. The purchase price for the two sections priced at $250,000 for the 70% working interest will be subject to the issuance of the equivalent value in Company common shares for the asset purchase.
The two sections are on trend to the Company's existing production holdings and represent an extension of the Viking sand that is currently in production from the 13-27 well since March 1, 2005. The Company has announced production results for the first 29 days, which was 1,414 barrels with an average daily production rate of 49 barrels per day. April production will be announced when the full month's production figures are received from the operator.
The long-life reserves in the Viking allow wells to be in commercial production for 20 years. Currently, the 38-degree API light oil at Joarcam is priced at $54.97 per barrel ($67.95 CDN). The prospect lands are located about 25 miles southeast of Edmonton, Alberta and there is year-round access to the property.
Posted by <Intriguing> on :
Do you have any links to these press releases?
Posted by virtualace2000 on :
cant find the links to the PR
Posted by glassman on :
Everything is proceeding nicely, SVSE cant be ignored forever. Soon will have a second oil well and a second gas well. I'm still buying a few hundred shares here and there.
Posted by glassman on :
i've got mine in my long term acct....
hopefully they will get away from Cornell once the revenues pick up...
Posted by Machiavelli on :
it did nicely today... I have a order in for tomorrow for 300 + shares.. it will probably do a pull back tomorrow then continue it's uptrend towards the next Resistance which is .95 ... everyone jump into it while you still can at a low price..
Posted by GVMOORE on :
Looks like a safe play. Dumped all my oil stocks a couple of weeks ago. Waiting for oil to hold above 60 before getting back in. I buy high high and sell low to to keep my heart pumping. Its better than a shot of epi., but don't do much for my wife's BP.
Posted by HitMe101 on :
Good to see some new faces in this,this will be huge in the future!Nothing but positive things happening here!
Posted by Machiavelli on :
decent run today.. let's see if it can keep it up though i still think it will do a pull back .. i was filled at .79 today..
Posted by Machiavelli on :
stock starting to pull into a uptrend.. so far they have had nothing but good news.. maybe a bump here or there but overall good news..
Posted by Machiavelli on :
i just looked at the charts for SVSE... looks promising.. it's a "Hammer" candlestick and it's using it's 60 Day Moving Average as support... RSI is beginning a uptrend as well... this monday or week should be promising for our little stock.. let's see..
Posted by HitMe101 on :
OT>>>also in FDEI they are like the sister company,charts are good RSI is down.What you think Mach?
Posted by HitMe101 on :
Been doing alot of volume lately.
Posted by Machiavelli on :
I like stocks that are above their 3 moving averages thats why i like SVSE.. because stocks tend to use the MA's as Support and bounce off of them on a uptrend...
Posted by glassman on :
2005-05-24 14:12:05 Silver Star Cancels Financing Agreement With Cornell Capital
LOS ANGELES, CA -- (MARKET WIRE) -- 05/24/05 -- Silver Star Energy, Inc. (OTC BB: SVSE) today announces that the Company has cancelled the financing agreement with Cornell Capital Partners, LP. Silver Star has received from Cornell one half of a secured $1.5 million bridge loan totaling $750,000 in December 2004. This loan was provided as part of a convertible debenture that could be paid back in cash or converted to stock.
Silver Star has informed Cornell of its intention to repay the loan in cash with interest and penalty as opposed to converting to common shares. This action will prevent any further dilution to the current issued and outstanding shares. The cash payback will occur from proceeds of cash flow from Silver Star's North Franklin and Joarcam projects.
BULLSEYE!!!!!!!!
Posted by glassman on :
quote:Originally posted by glassman: i've got mine in my long term acct....
hopefully they will get away from Cornell once the revenues pick up...
bump.....
Posted by glassman on :
got the 100 signal...and it's almost all buys since the news......
Posted by glassman on :
this is another unique situation.....
without evidence? it would be unfair of me to accuse cornell of improper trading....this one has been down for no apparent reason....
Posted by Machiavelli on :
quote:Originally posted by glassman: this is another unique situation.....
without evidence? it would be unfair of me to accuse cornell of improper trading....this one has been down for no apparent reason....
Yeah it has baffled me why it's down.. like you said no apparent reason... i got stopped out which im not happy with but for now it shall do... i will probably look for a new entry point when all my signals say GO...
Posted by glassman on :
i have run some sample portfolios on companies being "capitalized" by "certain" capital LLC's...
SOME of them seem to invest very heavily in comapanies that just go down in PPS, especially when the financing deal is structured in certain ways..the financing deal SVSE had with this co looked just like a bunch of the others i have seen go down...
somewhere there is a hedge fund.......haven't bothered to try to track it down.....
i usually run from cornell screaming... but this time i took a calulated risk...i may have been right that they would back away from the financing, i hope they can now fit into the pps they deserve
Posted by glassman on :
2005-05-31 09:00:09 Silver Star Successfully Completes "13-22" Well -- Commercial Production to Begin at 35-50 Barrels per Day
LOS ANGELES, CA -- (MARKET WIRE) -- 05/31/05 -- Silver Star Energy, Inc. (OTC BB: SVSE) today announces that the "13-22" well has been successfully completed and will be put into immediate production. This is now the second well to be brought on for commercial oil production at Joarcam by Silver Star.
The completion program involved a 3.0 meter perforation of 2.5 meters (8.2 feet) of the Viking (oil) zone. The oil pay zone was thicker than earlier thought. The result was an excellent influx of fluid confirming strong permeability and porosity and that the perforation contacted the oil zone
Posted by HitMe101 on :
What do ya think of those L2's everyone?
Posted by Jmoove on :
this looks to want to move
Posted by HitMe101 on :
Last 10 transactions have been @ .499 for a total of 60 thousand shares? & no movement,MM's are gettin ready it appears.
Posted by Buckeye on :
Jmoove, i'm jumping in. @.45
Posted by HitMe101 on :
RSI 25 !!,has to rebound from here IMO.
Posted by Machiavelli on :
sorry guys for now i dont believe in the stock.. i had a stop/loss and got stopped out at .58 ... but it looks to be at RSI 21 so it is very much oversold...if there is a uptrend it will probably be tremendous because of such a low price... I might get back into oil stocks around november.. they seem to be a cyclical stock...
Posted by <Intriguing> on :
Jumped up to .75 and fell back down.
Posted by HitMe101 on :
.75 was a fat finger,but did touch .53 today,Up 20% since last week!
Posted by HitMe101 on :
Touched .59 already today,was .41 last week!
Posted by lonnie e. feagin sr. on :
I was wondering if I was the only one watching this one for the last few trading days. Doing well!
Posted by HitMe101 on :
.59 pre-market
Posted by Fernis on :
I bought in at .52
Posted by HitMe101 on :
Welcome to SVSE Fernis.
Posted by Fernis on :
This stock looks like a good deal with lots of potential to increase sharply. I bought 10k shares.
Posted by Machiavelli on :
i bought back into it today... up 10.09% for the day... this one should be interesting with the Government's oil inventory report due on Wednesday... somehow I think SVSE will go up whether the report is good or not.. if the news is bad then most likely oil prices will go up and break $60 because we will rely even more on overseas oil & demand will be high which will rally all the oil stocks domestic and non-domestic.. if the news is good about domestic inventory it would only help domestic oil company prices like SVSE ... tomorrow will be interesting... keep a watchful eye out... tight stop/losses in case it goes bad for us.. if not.. LET IT RIDE!! (like the Richard Dreyfuss movie about horseracing and everything goes right for him in all the races he bets on lol good movie.. rent it u'll like it)...
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