Alright, anyone remember about 2 weeks ago, after the first flirtations with .03, the MMs drove the price back down to .0205, I believe.
Two days later, it broke through .03.
Looks like the same thing is going on here with the MMs trying to reload for the next run ...
Posted by buckstalker on :
I agree...this was a panic shake that worked...mm's reloading for the next one...they did not get any of mine...just gave me more!
Posted by Akira_Lapin on :
Yeah, I was surprised to see my reload bonus kick in at .042.
But I will definitely take it!
Posted by QuestSolver on :
Anyone watching the news??? expect gas to hit $5.00 or so,right now its moving up in Maryland to well over $3.
also..
NYMEX declares force majeure due to Rita
NATURAL GAS WILL EXPLODE MONDAY!!!!!!!
5 minutes ago NEW YORK (Reuters) - The New York Mercantile Exchange said Friday it declared force majeure on September natural gas deliveries due to the closure of the Sabine Pipeline which operates the key Henry Hub delivery point in Erath, Louisiana.
On Thursday, Sabine shut down a pipeline ahead of Hurricane Rita's expected landfall along the Gulf Coast and declared a force majeure, the exchange said in a statement
Posted by Akira_Lapin on :
Wow.
That means this is a HUGE shake in preparation for an upcoming explosion.
... patience, patience ... deep breath ...
... alright. I need some food.
Posted by Enjoys$ on :
god i hope soo
Posted by Enjoys$ on :
what does force majeure mean?
Posted by farmgirl on :
I have been chewing licorice all morning. What food works for you? Keep watching the news and have faith.
Posted by QuestSolver on :
Force Majeure literally means "greater force". These clauses excuse a party from liability if some unforseen event beyond the control of that party prevents it from performing its obligations under the contract. Typically, force majeure clauses cover natural disasters or other "Acts of God", war, or the failure of third parties--such as suppliers and subcontractors--to perform their obligations to the contracting party. It is important to remember that force majeure clauses are intended to excuse a party only if the failure to perform could not be avoided by the exercise of due care by that party.
When negotiating force majeure clauses, make sure that the clause applies equally to all parties to the agreement--not just the licensor. Also, it is helpful if the clause sets forth some specific examples of acts that will excuse performance under the clause, such as wars, natural disasters, and other major events that are clearly outside a party's control. Inclusion of examples will help to make clear the parties' intent that such clauses are not intended to apply to excuse failures to perform for reasons within the control of the parties.
Basically it means that parties involved have removed themselves from any liabilities ...
... in essence, it's a 'crap is about to hit the fan and there's nothing we can do about it' clause. All bets are off, pretty much, and most guidelines or rules in effect will be pulled due to an emergency-type state.
Anyone got any qualifying insight on this?
Posted by Enjoys$ on :
so how is that good for AMEP
Posted by Akira_Lapin on :
Because the country's supply of natural gas is in BIG trouble ... and AMEP's projections say that they have A LOT of NG to offer.
Posted by Enjoys$ on :
realy, how is it that they wont be affected?
Posted by Akira_Lapin on :
With the shutting down of NG pipelines throughout TX and LA, there's a problem ...
But AMEP's land is in Fort Worth, far enough north TX that Rita isn't going to affect it.
Posted by Enjoys$ on :
i see
Posted by buckstalker on :
I have talked to a lot of big investors lately, and they are all putting their money into natural resources right now...last time I checked NG was a natural resource with no reserves...this has just started IMO...
Posted by mmalone on :
Another thing: remember a few days ago when we had some info posted from conversations with Bitters regarding increased revenues due to Katrina? He said that the price they get for oil and Natural Gas is set at the beginning of the month, and they get that price for the entire month. He added that the big guys try to hold down prices at the beginning of the month so that they could lock in lower contract prices... Katrina's shock came at the beginning of the month, after prices had been set for September. Now prices are up, and will likely go higher next week, just in time to lock in high prices for all of october...
Posted by QuestSolver on :
Akira...your pretty close to being accurate,in simpler terms the meaning is that major companies will not be responsible for any issues caused to anyone due to lack of natural gas including life threatening such as lack of heating,N gas supplied electrical issues and so on.
yeah "SH*T IS ABOUT TO HIT THE FAN"
Posted by Akira_Lapin on :
Thanks for the clarification, Quest.
Hey, does anyone have real time L2s? I'm looking at one ask at .046 and then nothing until .05, is that current?
Posted by QuestSolver on :
4 MM's at .05 and the others vary from .043 and up,look for an end of day run into close for preparation of Monday imo.
Posted by emonkey0015 on :
A little boring after yesterday. I was hoping for a late run at least. Oh well there is always next week.
Posted by QuestSolver on :
still 50 minutes left yet
Posted by HighSide on :
hey Quest maybe you could tell me who does AMEP sell there oil and Natural gas to, or what part of the countrythanks
Posted by Chas35 on :
ask 1 at 044 4 at 045
Posted by QuestSolver on :
I am no longer ridin all freebies,just got my last buy today in hopes of a major increase Monday and into next week when it really sinks in that we are going to be in a natural gas and fuel crisis.
Posted by Enjoys$ on :
man, why is it sellin off so bad
Posted by QuestSolver on :
the market monkeys have had their way today and scared many out of good ONG stocks...after this weekend when it really sinks in that the Natural gas and oil situation is actually a crisis then Monday should be flooding in with buys.
Posted by Chas35 on :
closed at 042...hopefully this will rock next week
Posted by kywee on :
fridays are when daytraders exit, amep has really nice gains so they got out, it will go back up, it always does, this is a long term
Posted by QuestSolver on :
so far 19 refineries are down,a loss of 15 million barrels day,2.5 million barrels a day of heating oil,no stats yet on natural gas.
Posted by QuestSolver on :
"Oil is far too cheap at the moment," says Mr Simmons.
"The figure I'd use is around $182 a barrel. We need to price oil realistically to control its demand. That is because global production is peaking."
"If we price oil correctly," Mr Simmons says, "it could give us time to fin bridge fuels, fuels to fill the gap between an oil economy and a renewable economy. But I don't see that happening."
The adherents of the peak oil theory warn the decline of world oil output will force oil prices higher for good, and that the knock on effects could be catastrophic.
"In my opinion, unfortunately, there will be no linear change," says Iran's Ali Bakhtiari. "There will only be sudden explosive change."
Swanson doesn't agree with such dire scenarios, but believes that higher oil prices are in the cards for the next few years. "Oil investments have been a profitable component for any portfolio and I believe that soon people are going to see them as a must," he says.
Posted by Enjoys$ on :
anyone see ng futures?
Posted by bbygyrl123 on :
From Friday...
NEW YORK (AFX) - Crude oil and natural gas futures fell over 3 pct Friday after the National Hurricane Center downgraded Hurricane Rita to a Category 3 storm, but prices for the energy commodities ended the week higher.
Natural gas for October delivery eased 3.5 pct, or 46.6 cents, Friday to 12.324 usd per mln British thermal units. It was still up 10.6 pct for the week.
Posted by QuestSolver on :
U.S. Henry Hub nat gas pipeline has leak-governor Sat Sep 24, 2005 10:00 PM ET SINGAPORE, Sept 25 (Reuters) - The gas pipeline that links to the Henry Hub delivery point for U.S. natural gas contracts has a leak due to damage sustained from Hurricane Rita, the governor of Louisiana said on Sunday.
"We understand there is a gas leak and ... a possible shearing of an oil storage tank," Gov. Kathleen Blanco told CNN television channel in the United States.
She did not give any further details as to the extent of the damage but said they would need to plug the leak or flare the gas as it presented a danger.
Sabine Pipeline LLC, a unit of Chevron (CVX.N: Quote, Profile, Research) , which owns and operates the Henry Hub, did not immediately return phone calls.
The New York Mercantile Exchange on Friday declared force majeure on remaining September natural gas deliveries due to the closure of the Sabine Pipeline, which operates the key Henry Hub delivery point in Erath, Louisiana.
On Thursday, Sabine shut down its pipeline ahead of Hurricane Rita's expected landfall along the U.S. Gulf Coast and declared force majeure, the exchange said in a statement
Posted by QuestSolver on :
September 24, 2005
Distillate leaks at natural gas hub following Hurricane Rita
ABBEVILLE, La. (CNN) -- A distillate used in processing natural gas was leaking Saturday night from a rupture at Henry Hub in Louisiana, which connects numerous natural gas pipelines in the region, but state officials said the incident posed no danger to residents.
Henry Hub is at the Sabine Pipe Line Henry Gas Processing Plant in Erath, La., part of Vermilion Parish. Vermilion was one of the three parishes worst hit by Hurricane Rita.
The officials said the chemical was leaking from a tank into a levee meant to contain such spills. The cause of the leak was being investigated. (Posted 10:15 p.m.)
The Times
Gas threat fuels energy crisis By Carl Mortished, International Business Editor
AMERICA’S energy industry was on tenterhooks yesterday, anticipating a natural gas emergency as Hurricane Rita shifted eastwards towards Port Arthur, Texas, on a trajectory to the heart of America’s gas industry.
The slight shift may spare the US refinery industry but will threaten Henry Hub, a gas facility that connects a web of pipelines, linking the Gulf of Mexico gasfields to the Midwest, south east, and New England.
Damage to Gulf Coast facilities would increase a price that has already jumped to a record level this week of $14 (£7.90) per million Btu. The US is short of natural gas, its onshore wells are nearly spent and September is a critical month when gas companies fill storage tanks before winter demand.
A key gas pipeline serving Henry Hub was shut down yesterday as a precaution, cutting off supplies and also causing Nymex, the commodities exchange, to declare force majeure on gas futures contracts that specify Henry Hub as the delivery point. Two thirds of the Gulf of Mexico’s gas output was shut yesterday, along with 92 per cent of oil production, as platform operators evacuated staff from offshore facilities. Fifteen refineries closed.
Posted by QuestSolver on :
for weeks natural gas has been talked about,almost all are in agreement that the increase will be at least 71% by mid winter,this morning CNN had someone that stated to expect a 100% increase or more witin months talking about the current conditions of supply and demand and lack of reserves.
AMEP is setting up to drill into their Barnett areas sitting on top of 30 trillion cubic feet of N gas,should be tapping wells with the next 10 days or so,they already have about 25 set up and producing now in other areas,news will be released soon imo.
U.S. Henry Hub nat gas pipeline has leak-governor Sat Sep 24, 2005 10:00 PM ET SINGAPORE, Sept 25 (Reuters) - The gas pipeline that links to the Henry Hub delivery point for U.S. natural gas contracts has a leak due to damage sustained from Hurricane Rita, the governor of Louisiana said on Sunday.
"We understand there is a gas leak and ... a possible shearing of an oil storage tank," Gov. Kathleen Blanco told CNN television channel in the United States.
She did not give any further details as to the extent of the damage but said they would need to plug the leak or flare the gas as it presented a danger.
Sabine Pipeline LLC, a unit of Chevron (CVX.N: Quote, Profile, Research) , which owns and operates the Henry Hub, did not immediately return phone calls.
The New York Mercantile Exchange on Friday declared force majeure on remaining September natural gas deliveries due to the closure of the Sabine Pipeline, which operates the key Henry Hub delivery point in Erath, Louisiana.
On Thursday, Sabine shut down its pipeline ahead of Hurricane Rita's expected landfall along the U.S. Gulf Coast and declared force majeure, the exchange said in a statement
September 24, 2005
Distillate leaks at natural gas hub following Hurricane Rita
ABBEVILLE, La. (CNN) -- A distillate used in processing natural gas was leaking Saturday night from a rupture at Henry Hub in Louisiana, which connects numerous natural gas pipelines in the region, but state officials said the incident posed no danger to residents.
Henry Hub is at the Sabine Pipe Line Henry Gas Processing Plant in Erath, La., part of Vermilion Parish. Vermilion was one of the three parishes worst hit by Hurricane Rita.
The officials said the chemical was leaking from a tank into a levee meant to contain such spills. The cause of the leak was being investigated. (Posted 10:15 p.m.)
The Times
Gas threat fuels energy crisis By Carl Mortished, International Business Editor
AMERICA’S energy industry was on tenterhooks yesterday, anticipating a natural gas emergency as Hurricane Rita shifted eastwards towards Port Arthur, Texas, on a trajectory to the heart of America’s gas industry.
The slight shift may spare the US refinery industry but will threaten Henry Hub, a gas facility that connects a web of pipelines, linking the Gulf of Mexico gasfields to the Midwest, south east, and New England.
Damage to Gulf Coast facilities would increase a price that has already jumped to a record level this week of $14 (£7.90) per million Btu. The US is short of natural gas, its onshore wells are nearly spent and September is a critical month when gas companies fill storage tanks before winter demand.
A key gas pipeline serving Henry Hub was shut down yesterday as a precaution, cutting off supplies and also causing Nymex, the commodities exchange, to declare force majeure on gas futures contracts that specify Henry Hub as the delivery point. Two thirds of the Gulf of Mexico’s gas output was shut yesterday, along with 92 per cent of oil production, as platform operators evacuated staff from offshore facilities. Fifteen refineries closed.
Posted by QuestSolver on :
Article published Sunday, September 25, 2005
In the eye of a storm: natural-gas price surge
By MARY-BETH McLAUGHLIN BLADE BUSINESS WRITER
Bob Eyre of Ohio Gas Co. in Bryan says his "crystal ball has duct tape on it," but he knows he made the right call when buying natural gas for this winter.
Starting in April, Mr. Eyre locked in at lower rates about two-thirds of the gas he will need this winter for 46,000 customers in the northwest section of Ohio, so he will be able to charge $1.11 per 100 cubic feet for the foreseeable future.
That, despite the twin disasters of Hurricanes Katrina and Rita which wreaked havoc on drilling platforms in the Gulf Coast and led to rapid escalation of prices that companies pay for natural gas - costs passed on to consumers.
"You should be locking in from April through August for the reason of exactly what happened," Mr. Eyre said. "You don't want to be caught in September and October buying a chunk of the gas you need for the winter."
The hurricanes, the latest blow to an industry reeling from increasing prices, help put in focus how gas utilities purchase supplies and what, if anything, can be done to protect consumers from price spikes.
Pricing is of particular interest in northwest Ohio, where many residents typically have paid rates that are among the highest in the state.
Columbia Gas of Ohio, the dominant natural-gas utility in Toledo, its suburbs, and several nearby counties, with 250,000 customers, asked the Public Utilities of Commission of Ohio this month for permission to charge $1.32 per 100 cubic feet of gas next month, up 45 percent from a year ago. Smaller utilities in the region, with rare exceptions, are charging less than that.
The reasons range from the higher amount of the heating fuel that Columbia Gas buys on the spot market to some utilities' ability to purchase gas through pipelines not available to Columbia Gas.
An average bill next month, based on the requested rate and typical use of 3,000 cubic feet of gas, will be $53, up from $40 a year ago.
Last January, in the height of the heating season, when the Columbia Gas rate was less than $1 per 100 cubic feet, the typical bill was $214 for an average use of 17,000 cubic feet.
That would be nearly $60 higher at the current rate, but by winter, the rate is likely to be higher.
A spokesman for Columbia Gas defended his firm's purchase and storage practices, saying it is unfair to compare it to smaller utilities or to those in Michigan that might set their rates differently.
The company, with 1.2 million customers in 64 of the state's 88 counties, stores 50 percent of its estimated needs, buys 15 percent more through long-term markets, and obtains the rest, or about a third, on the daily spot market, often at volatile prices.
That proportion of spot-market purchasing is higher than at many other utilities.
Trying to show that metro Toledo residents aren't being singled out for higher rates, Columbia Gas spokesman Ray Frank said, "The rates or the costs for the gas in Toledo are no higher than in the Cleveland area, Columbus, or the southern part of the state."
But in the latest comparison compiled by state regulators, the Columbia Gas rates were noticeably higher than those elsewhere in Ohio. And, the difference between the company's October price and those of many other northwest Ohio utilities is larger than it was last November, when The Blade did a similar comparison.
Waterville Gas & Oil Co. is charging its 4,700 customers 80 cents per 100 cubic feet in October, or nearly 40 percent less than Columbia Gas, whose service territory abuts the tiny suburban Toledo utility's.
Rob Black, president of the Waterville utility, declined comment on Columbia Gas. But he said his company locked in a portion of its winter gas at lower rates before Katrina hit the Gulf Coast, interrupteding some natural gas supplies and prompting a nationwide boost in wholesale fuel prices.
He said he expects his November rate to rise substantially. Experts anticipate Columbia Gas also will also seek a sizable boost.
Mike Poole, an officer of Arlington Natural Gas Co. in Van Buren, said his company will charge its 2,000 customers $1.35 per 100 cubic feet in October. But the figure is considerably lower than Columbia Gas' because it includes transmission and other costs, which add more than 20 cents per 100 cubic feet to Columbia Gas customers' bills.
"The prices now are higher than everything we've ever seen," said Mr. Poole, the fourth-generation executive of a company founded in the 1880s.
He bought some fuel early in the summer but held off buying more because he thought prices would go down as they have in previous summers.
He was wrong, and now fears his charge will go to $1.70 per 100 cubic feet.
Driving up prices nationwide are several factors, in addition to the supply disruptions from the hurricanes.
Exploration for new natural gas supplies has been limited until recently because the price of the fuel was low and demand was not exorbitant.
But demand has risen dramatically in the past two or three years, particularly during the summer when natural gas supplies often were replenished and readied for the next winter's demand for heating fuel.
That summer demand is from an increase in the number of mini-power plants considered a cheaper way to help meet the nation's increased appetite for electricity to run air conditioners. Those plants are fueled by natural gas and use it in large quantities.
Despite that, some utilities have been able to hold down customer bills.
Consumers Energy in Adrian, for example, is charging its 1.7 million Michigan customers 84 cents per 100 cubic feet next month.
Spokesman Terry DeDoes explained, "The No. 1 thing we have working in our favor … is our vast capacity to store natural gas underground."
The firm has 15 storage fields, allowing it to have on hand or through long-term purchase contracts 76 percent of the gas it expects to need this winter, he said.
"Which means," he said, "we don't have to go out on the open market when the gas costs the most."
Ohio regulators closely monitor the buying practices and strategies of natural-gas utilities in the state, said Thom Pearce, senior natural gas specialist for the Public Utilities Commission of Ohio.
The agency hires outside consultants every two years to audit the state's four large gas companies, including Columbia Gas. Hearings on the consultant's findings and recommendations likely will be held in about a year, Mr. Pearce said.
Under Ohio law, natural-gas utilities are legally permitted to pass on to customers their increased cost to buy fuel.
Asked whether state regulators would ever require a utility to make investments to build more storage or new pipelines to bring cheaper gas to its customers, he said the PUCO has and would. But he added that the benefits of such ventures must be weighed against the costs.
Asked why some companies in northwest Ohio and elsewhere in the state charge less than Columbia Gas, Mr. Pearce said that might be because they have been grandfathered in to using certain pipelines to which the large utility does not have access or they can tap into pipelines in Michigan more easily and cheaply than Columbia Gas could.
Spokesman Neil Durbin, of Dominion East Ohio Gas Co., said natural gas prices will remain high until new gas supplies are tapped.
His firm, which does business in northwest Ohio as East Ohio Gas, has asked regulators for permission to charge $1.32 per 100 cubic feet in October, the same as Columbia Gas.
Under Ohio's choice program, Columbia Gas customers can select from nearly 10 other natural-gas suppliers, although most offer rates similar to Columbia Gas.
As one solution, executives from Ohio's major natural gas utilities, including Columbia Gas, asked state lawmakers last week to urge Congress to lift its ban on drilling for the fuel under the Great Lakes, in Alaska wildlife preserves, and along the coastlines.
As to why Columbia Gas doesn't find new supply routes that others use to offer cheaper prices, Mr. Frank of the utility said it would be too costly to build new pipelines to carry more gas to storage.
"If there's cheaper gas available and someone has it for sale, let us know," he said.
Posted by Andreas on :
So AMEP will 'explode' ??
Posted by kywee on :
it will go up gradually and have its pull backs. no one is here to hype this stock, it will only have a negative affect. its a very good long term and swinger for the dts
Posted by QuestSolver on :
Good Morning all,
opened at .041 in Berlin and has climbed up to 12% on decent volume.I don't have my currency converter but .041 there I believe is about .046 here. Friday took a serious retrace and felt the effect of the DT exits EOD.We should be hearing about the new well targets and entries very soon after speaking with the America Oil Group's Joe Christopher since now there will be no wait time for drilling rigs as so many do.
Posted by Akira_Lapin on :
fwiw
.041 Euros = .0493 Dollars.
glta.
Posted by nattty04 on :
Quest, have the two been following each other at the same rate? Or have we been up more than them?
Posted by nattty04 on :
Anybody know where to a streamer for the MAC?
Posted by kywee on :
damn gapping down
Posted by QuestSolver on :
.040 x .040...if I remember correctly it gapped down the morning we got the last PR...BTW according to the news right now on CNN the Balarro refinery(biggest) and most others will not be operational for 5 weeks...ya think this will affect ONG prices...LOL...definitely if it takes that long.
Berlin up at the moment.
Posted by nattty04 on :
Opening on a dip unforunately.
Posted by nattty04 on :
How low you think dip will go?
Posted by QuestSolver on :
The U.S. Minerals Management Service said Sunday that 666 platforms in the Gulf remained unstaffed, up slightly from Saturday. Oil production in the Gulf of Mexico was totally shut down, and more than 80 percent of natural gas output was off. Since Katrina hit a month ago, more than 33 million barrels of oil and 156 billion cubic feet of natural gas have been lost.
The acting secretary-general of the Organization of Petroleum Exporting Countries warned Saturday that volatility is likely to remain a feature of the oil market unless consuming nations and international oil companies commit sufficient financial resources to refinery construction and development.
"It is clear that the present tightness in the downstream sector, especially the lack of adequate refining capacity, will continue to put pressure on prices," Adnan Shihab-Eldin was quoted as saying by Dow Jones Newswires.
Elsewhere, China said its oil imports grew 3.9 percent in August from a year ago, with the mainland bringing in 91.49 U.S. tons of crude for the year. Still, imports fell 6 percent to 9.59 U.S. tons from the previous month -- a possible indication of falling demand in the second-biggest oil consuming nation after the United States.
Associated Press Writer En-Lai Yeoh in Singapore contributed to this report.
Posted by QuestSolver on :
I set buys at .038 just in case since I will be in and out all day,looks like they are playing between .0398 and .04 now
Posted by nattty04 on :
So, it probably wont be going up today in your opinion?
Posted by QuestSolver on :
either end flat or slightly down on no news imo.
Posted by QuestSolver on :
got a partial fill,people don't realize that the natural gas problem is going to be on the top burner in the next few weeks thats why now is the best time to load up on NG stocks and play elsewhere until then.
Posted by IanDavis1234 on :
come on *******s! get above .04
Posted by nattty04 on :
lol, its all good Ian. We are building a firm base which is good. This should be another good week. Soon as the PR hits about the well being up it should get above .06
Posted by QuestSolver on :
AMEP over the past month and a half has gradually worked up to higher levels...I might add not as fast as I would have liked but its still early in the season.
here are some pics from some of AMEP's current projects.
Higher highs are being consistently achieved, accompanied by lower lows, and now we're in the green for the day after a rough morning.
This stock is one tough sob.
Posted by emonkey0015 on :
Those pics are great. It kinda makes me wish I was out their helping.
Posted by emonkey0015 on :
I found another great oil stock, with tons of potential. CWPC. Just sharing do some DD.
Posted by bmaxingout on :
after the gains that we have seen we could and should see a little bit of a pullback this week and that is a good thing for the long term,last week we made some real good money here and we are now setting a new support line.a support of .04 or better is great.look how far we came with just news on the drilling rig being delivered. now imagine what happens when it compleats its first hole. as far as im concerned the day to day wiggles leave me with little to worry about. its all the "natural progresion" remember shooting stars burn out qiuckly. bmax,
Posted by Akira_Lapin on :
I agree, bmax. I think it's clear that a solid base is being formed and gradually built upon.
Slow and steady wins the race.
Posted by IanDavis1234 on :
What a great swing stock! I know it would be risky to not be in this for the long and miss the train but wow...thats all i have to say.
Posted by kywee on :
i think were back on track folks!
Posted by QuestSolver on :
looks like wisdom is finally setting in,AMEP is surely one to have and hold at least thru winter.
Posted by QuestSolver on :
definitely a good swing play but one day its not coming back down to recover shares imo,natural gas is going to be in the spotlight over the next few months.
Posted by QuestSolver on :
3 weeks from this PR
MINERAL WELLS, Texas, Sep 16, 2005 (BUSINESS WIRE) -- American Energy Production Inc. (AMEP, Trade) announced today the Ideco drilling rig purchased by Investee AMEP Strategic Investments Inc. from Aramdrill in Mexico has arrived in Mineral Wells, Texas.
Charles Bitters, President of American Energy Production Inc., said, "The Company is very excited with the delivery of the Ideco drilling Rig from Mexico City to Mineral Wells. To locate a rig of this type in the current demand driven environment and go through Mexico and U.S. Customs without any major problems is no small feat. There just are not any rigs of this quality for sale. Because of the recent record prices for crude oil and natural gas, it is almost impossible to schedule a rig. This is the perfect drilling rig for the productions horizons the Company is interested in exploiting." The Company will immediately begin checking out the drilling rig and mud pump engines and add the support equipment necessary to begin drilling operations. This drilling rig should be in the field drilling in the next three weeks. AMEP will continue to inform shareholders as work progresses. Posted by emonkey0015 on :
I agree with Quest, this week and next may be the last of the swing days. Its starting to cool off in Michigan. Consumers Energy, on my last bill, said they have put in the petition to raise our bills by 12% initially.
Posted by Akira_Lapin on :
emonkey,
Where in Mich are you?
Posted by QuestSolver on :
energy talking on CNBC just now and coming back on talking about gas prices,supply and so on....wait until they get into heating oil and natural gas and their projections,numbers are high.
Posted by Chas35 on :
AMEP - AMERICAN ENERGY PROD (OTCBB) Date Open High Low Last Change Volume % Change 09/26/05 0.0400 0.0490 0.0370 0.0460 +0.0040 16065217 +9.52%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 80% - Buy 20-Day Average Volume - 39541070
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 50% - Buy 50-Day Average Volume - 22722523
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 15666448
Overall Average: 80% - Buy
Price Support Pivot Point Resistance
0.0420 0.0326 0.0452 0.0578
Click on the indicator for a graphical interpretation of the result or visit the Learning Center for more information on the studies
Posted by QuestSolver on :
here comes another buying wave,looks like many are prepping for another spike due to N gas and heating issues....right now in the gulf there is zero production of natural gas.
Posted by emonkey0015 on :
I live in Clinton Twp. and work in Dearborn
Posted by Akira_Lapin on :
Ah ... just curious.
I grew up in Lansing. The soon to be next GM ghost town!
Posted by emonkey0015 on :
where do you live now
Posted by buckstalker on :
We just got a group of GM people that transfered here to Lake Orion from Lansing....
Posted by Akira_Lapin on :
I'm in New York now ...
A long ways away from Lansing, in more ways than one!
Posted by nattty04 on :
Well, looks like another good day for us. Last week up 45%, and this week we will start up anywhere from 8-13%. I am honestly expecting the PR either tomorrow or Wed, and if that is the case you will see this stock above .06 EASY, with a possibility of .07. Thats just my opinion, what you guys think?
Posted by QuestSolver on :
That so-called Strategic Petroleum Reserve only provides a false sense of security. Why?
The 700M barrels would only last the US consumers 35 days. That's not a great amount of time when you consider the environment we're in.
There's just so many variables that can/will affect the price of oil these days not to mention hurricane season continues for another 2 months.
Bush Urges Conservation as Retail Gas Prices Rise By VIKAS BAJAJ NYT September 26, 2005
President Bush called on Americans to conserve gasoline and avoid non-essential driving today as the average national prices for retail gasoline climbed higher for the first time since they peaked over the Labor Day weekend.
The president's remarks appeared to reflect concerns that gasoline supplies may remain tight and prices will rise further, even as the energy industry and analysts were breathing a sigh of relief over the limited scope of damage at Texas refineries from Hurricane Rita.
"We can all pitch in by being better conservers," Mr. Bush said after being briefed on the situation at the Energy Department. "People just need to recognize that these storms have caused disruptions." In addition to urging consumers to cut back, he said federal employees should use carpool and public transport and not take non-essential trips.
Retail price increases were most acute in Texas, the Gulf Coast and Southeast, areas closest to and most dependent on oil refineries in or near the hurricane's path. Nationwide, the average price for regular unleaded gasoline was $2.80 a gallon today, up from $2.748 the day before, according to the Oil Price Information Service. The president also said the nation needed to relax regulations on the construction of new oil refineries. A new refinery has not been built in the United States in almost 30 years, though companies have expanded capacity at existing plants and are running them closer to 100 percent capacity.
Mr. Bush again reiterated that the federal government was ready to release more crude oil from the Strategic Petroleum Reserve.
"We need additional refining capacity in order to meet the needs of the American people," Mr. Bush said. "The storm has shown how fragile the balance is between supply and demand in America."
Gasoline prices in Dallas, which drew hundreds of thousands of evacuees from Houston last week, rose to $2.803 today from $2.709 on Sunday. Prices in Houston tracked the national average, but gasoline supplies remained scarce on many of the key routes taken by the three million people who evacuated the Houston area in advance of Rita's landfall Saturday.
I'm glad I learned my lesson on weathering out AMEP's dips a few weeks ago ...
Usually I would take a hit and cut my losses, but this is a pretty unique op we have here with legitimately strong potential.
Plus there's a Michigan vibe, so I couldn't feel better all around.
Posted by Chas35 on :
up we go..
48x49 3x3
looks like we'll have a strong close
Posted by Chas35 on :
49 gone! 05 comin up
Posted by Chas35 on :
ok looks like we'll blow right thru 05...
yup gone!
Posted by imakmony2005 on :
NICE SWING AND OUT.
Posted by emonkey0015 on :
You gotta love Michigan. i've got a better vibe now too. GO AMEP! MAKE ME RICH!
Posted by QuestSolver on :
I am glad to see people are wising up,they should be watching CNBC right now on the refineries.
Posted by QuestSolver on :
congrats to the swingers...you can sure tell its a healthy stock when some big selling gets absorbed instantly.
Posted by HighSide on :
Quest do you no off hand who amep supplies there products to or what part of the country
Posted by emonkey0015 on :
Come on .053. one last little run!
Posted by Akira_Lapin on :
They need shares after that 200K buy followed by a 300K buy!
Posted by Enjoys$ on :
this is looking good, where do you think this will be at the end of the week?
Posted by Akira_Lapin on :
L2s show the MMs all raising their ask ...
Posted by emonkey0015 on :
If its like last week we could see .063.
Posted by QuestSolver on :
highside...I never ask but I must assume to general supply and demand,who ever wants it.Oil and Gas is a no brainer when it comes to sales.
Posted by emonkey0015 on :
Did anybody check out CWPC. 8.33% lift today.
Posted by QuestSolver on :
could we actually get a new HOD? nice buying coming in right now.
Posted by QuestSolver on :
November contracts for Natural Gas - 15 min. delayed:
oops..back to 051 lol oh well still a nice close lookin good for tomorrow
Posted by bmaxingout on :
my .07 might not be that far off another very good day bmax,
Posted by Enjoys$ on :
think we will see a retractment tomorrow?
Posted by imakmony2005 on :
QUESTSOLVER, THANKS FOR ALL THE GREAT DD, IM ON THIS ONE BUT I LIKE THE SWING SO IM IN IM OUT HOPE TO KEEP IT UP , BUT YOU GAVE SOME GREAT DD ON THIS AND THE HOLE GAS AND OIL THING, THANK YOU. MADE JUST SHORT OF 3K TODAY GOT IN ON FRIDAY NICE. THANKS MONEY.
Posted by nattty04 on :
This WILL continue to go up, tomorrow could be a very big day if a PR comes out, we will just have to wait and see. Either way, I would expect a pretty good gap in the morning or a dip gap such as we saw today. But i expect to end tomorrow anywhere from .055-.065, and have a overall good week, with another bad sell off friday by the DT, lol.
Posted by buckstalker on :
I think we will see a gapper in the AM...
Posted by QuestSolver on :
LOL...imakmony....I am glad you do make money trading,its traders like you that keep good stock in the liquid state and you also help the longs in the process by starting an uptrend and causing it to hit many radars.No matter what type of trader/investor you are here there is money to be made in AMEP especially mid to long term.
People are starting to realize that theres more to an energy crisis then the price at the pumps,natural gas is a big deal and for those who don't think they need to worry about N gas because they live in an all electric appliance home they better wake up,most state utilities have natural gas energy producing equipment,hell here in Maryland (BGE) a lot of our utility vehicles run of natural gas.All we need is one simple PR stating the our new drilling rig just tapped into a major Barnett gas zone and AMEP will be well on the map of many investors....BIG money investors imo.Being up 14 days out of 20 is not a bad thing ya know.
Posted by mmalone on :
imakemony: I must be slightly dislexic or something because whenever I see your name I read "im a monkey"... Just thought you'd like to know .
P.S. Nice gain today. Hopefully the rally will continue!
Posted by emonkey0015 on :
ME TOO! kinda confusing i'm a monkey!
Posted by BuyTex on :
OT: great stones tune Posted by QuestSolver on :
this is by a poster on the HSM board...oh and yeah also by several news networks.
Look at his eyes, Bush really looked worried today talking about the shortage we have and to urge americans to conserve because the lack of supply.
This is where AMEP is really going to attract alot of new big investors where companies like this are very much in demand more than ever before according to the government;
"Congress plans to move quickly this week on legislation aimed at providing incentives for refinery expansion or constructions and provisions that are aimed at more energy production, especially natural gas." Other bills would ease some air pollution requirements on refineries, open the Arctic National Wildlife Refuge in Alaska to oil drilling and allow states to override existing bans on natural gas drilling in coastal waters.
seems news is staying more focused on the countries upcoming energy situation concerning the Presidents request of conservation and expected increases in utility bills in reference to heating for the winter.This is just the beginning,wait til its 30 degrees outside.
Posted by mmalone on :
quote:Originally posted by QuestSolver: seems we are slightly up or flat in Berlin....
Down 2.33% there yesterday though, correct?
Posted by QuestSolver on :
mmalone..I didn't watch the close there,I have only watched the activity and hoping for the day it stops altogether.I have seen AMEP down over 10% with zero volume before and those markets definitely are not a reflection of the U.S. markets.
interesting post from another board...
By: googleaire 26 Sep 2005, 11:36 PM EDT Msg. 30402 of 30428 Jump to msg. # Just in case some of you AMEP Longs would like to see a chart go from 5cents to over $9.00 take a look. It may take 1 1/2 years but it's a great ROI.
As for AMEP well it could do the same if them new Horizontal wells hit oil/gas. First to .10cents.
(Voluntary Disclosure: Position- Long; ST Rating- Strong Buy)
Posted by bbygyrl123 on :
from the baltimore / college park area. nice to see a local here!
Posted by QuestSolver on :
cool....born and raised in Baltimore myself,moved to the county about 10 years ago,the way AMEP is going to be looking I think several of us will be able to go anywhere we want soon.Nice slow and gradual climb is nice to see.
Posted by nattty04 on :
Good morning everyon. Hope evefbodys having a good morning. Hoping for another good day. Seems to look like everyday will be a good day almost for the future of this stock. Anybody gota bid/ask, and hoping for a PR dtoday, PALLEEAASSEEE
Posted by kywee on :
im at umbc bby
Posted by QuestSolver on :
really getting some back and forth movement on the bid and ask early,almost appears undecisive on which way to go but still has not dipped below the bid close price yet.
.051 x .053 so far
Posted by QuestSolver on :
now .052 x .053
Posted by nattty04 on :
coudl be a nice morning quest, . Im actually going to try to swing today for the first time. Just 30k shares, nothing to drastic. Im trying to learn how and WHEN to do it, and not lose to much money.
Posted by Andreas on :
quote:Originally posted by bbygyrl123: from the baltimore / college park area. nice to see a local here!
Germantown, MD (up on I-270) here Posted by nattty04 on :
You guys so far away. I live in Alabama and attend Auburn University.
Posted by QuestSolver on :
nattty be sure not to trade AMEP over 3 times this week unless you have over $25,000 in your account,otherwise you will face a 90 day restriction.
Posted by nattty04 on :
Good opening lets just see if it holds and goes up. Need some buyers
Posted by nattty04 on :
Quest, what do you mena?? Like can I buy sell, buy sell. Or just buy sell buy?
Posted by QuestSolver on :
nice area Andrea,I pass that way on rt 70 when I go to my vacation home in West Va in Berkeley Springs.
Posted by nattty04 on :
sorry, that was maybe making no sense.
A trade = Buy or Sell
Or doeas
A trade = Buy AND Sell
Posted by IanDavis1234 on :
Natty...call you broker acct. and see what level trading you are approved and ask them your restrictions. Each brokerage is different. Tell them you are wanting to swing trade on the otcbb. They will tell you the requirements. That is the best way to find out in full detail.
Posted by QuestSolver on :
nattty...each transaction that you have to pay a commission for no matter what it is.
Posted by Chas35 on :
choicetrade requires 25k in your account if you want to daytrade also...not exactly sure what thier definition of "daytrader" is tho
Posted by QuestSolver on :
the $25,000 is a Nasdaq requirement for all brokers if you choose to day trade.
Posted by QuestSolver on :
.054 and .0545 and showing strength on both sides.
Posted by QuestSolver on :
looks like this is on the verge to simply cut loose now,guess many are realizing this is the best otcbb natural gas/heating oil play out there imo.
Posted by QuestSolver on :
.0585
Posted by Akira_Lapin on :
bid above the ask
Posted by BULListic on :
Don't see that everyday!
Posted by Chas35 on :
here comes the 10am shake lol
Posted by kywee on :
heres our 10am pullback
Posted by Lucas Brachish on :
Safe to buy in at .056, ya think? Or should I just slap myself for not having funds to buy at .03 last week....
Posted by farmgirl on :
BOTH
Posted by Chas35 on :
lol farm...looks like it's holding at 56 so far so prob not gonna get any cheaper
Posted by farmgirl on :
I think we may se a .0555 but other then that we are moving up.
Posted by buckstalker on :
Bid is stacking at .056
Posted by Chas35 on :
300k buy at 0564...dang!
Posted by IanDavis1234 on :
Come on!!! Break 6 biatches
Posted by Akira_Lapin on :
Lot of mirrors ...
Posted by pennypasta on :
That's very strange seeing all those 5000 block sells. Is that a MM code or tactic?
Posted by QuestSolver on :
even a novice chart reader can see the constant uptrend cycle that has pretty much just started over the past few weeks,look at the buying and setting of the bid,shares are being held and the float now is limited...could we see .10 to .12 this week? Maybe...but so far 14 out of 20 days we have been up and I think that ratio will get even better after this week.
Posted by nattty04 on :
Okay Okay, I am back from school. Is it just me or does this stock make everybodys day like a billion times better. Who wants a new car? Put in 10K, buy a lexus in 2 weeks! I mean could it be any better, lol. Guys, Im sure some of you realize this, especially quest and me. There has not been a PR released I mean good gracious, this thing is going to EXPLODE as soon as they put ANY type of information. In the last 7 days of trading its jumped up what, 40-45% with no PR? I am having a blast, lets keep having fun today.
Posted by QuestSolver on :
waiting for news on the new test wells and also on natural gas production,I think the rig news will be included,verbally Joe Christopher stated that the rig is ready to go to work now and has been totally looked over.
Posted by buckstalker on :
mm's are trying to shake it...but no one is selling...buys keep coming in...looks good from here
Posted by nattty04 on :
Oh yeah they do, Quest have you contacted Joe in the last two days by any chance? Or has he given you any type of date for the coming up PR. Those test wells will be huge!
Posted by QuestSolver on :
3 weeks from Sept.16th is the best I can do.
Posted by Akira_Lapin on :
Just a notice: OTCStockExchange.com - Stock Alert for 09/27/2005 Good Morning,
if this keeps up we may be setting up for a .056 new bottom,we should know by mid lunch.
Posted by QuestSolver on :
lunchtime slow down should be kickin in soon and if this holds there area (which I believe it should easily)then expect some more buying to take us up to another level imo.
Posted by QuestSolver on :
right now a humongous storm is brewing of the coast of Africa (for those that don't know its where most of this years Hurricanse have developed including the last two major ones),also have a storm disturbance in the gulf developing.
Posted by Akira_Lapin on :
Check out the succession of large buys that just went through ...
Posted by mmalone on :
nattty: read your posts about flipping AMEP... I'm no day trader, but I'd suggest waiting for a new high before trying selling. The pattern I'm seeing is that this thing is gapping to a new high then the MMs pull it back to fill the gap. Right now we're around the level where the last pull back began--I'd wait for it to go up again before selling.
Also, as many have noted, when the stock price rises rapidly the price probably isn't very stable and will likely drop again. If you're only trading 30K shares you can probably get away with selling them after a rapid gain and odds are you'll be able to buy back in at a lower price.
Just my $0.02, and I'm no expert, GL
Posted by buckstalker on :
Look at a 5 min intraday chart right now...bb's are getting real tight and the macd is heading north....
Posted by QuestSolver on :
wow see that?? looks like this may bring us to .06 quicker then expected with these buys!
Posted by QuestSolver on :
new HOD
Posted by buckstalker on :
Quest...should see .06 real soon...
Posted by J3 on :
Quest, Where did you read about that storm?
Posted by J3 on :
We broke .06!
Posted by buckstalker on :
We hit .06 before I could finish typing...
Posted by bmaxingout on :
well loks like we are still making money.although i think that i might be changing plans.i was going to sell at .07 but am now thinking .06 that will still double my money invested and give me some extra cash to invest into pbls after the news that came out yesterday i just cant help myself.so best of luck to all and keep making money bmax,
Posted by JL on :
Spaceship status. .065-.07 close?
Posted by kywee on :
gl bmax, it was fun riding with you
Posted by QuestSolver on :
J3--MSNBC or FOX...forgot which one
Posted by nattty04 on :
How can you sell this stock? Its to good, everyday going up almost. This is one of the best Long, Mid, Short term stocks out right now. But whatever,
Posted by QuestSolver on :
Good luck Bmax...thanx for helping us keep AMEP in a liquid state!! think maybe 10/12 this week?
Posted by nattty04 on :
I think if it closes in the .065 area, I am going to sell a little bit, and then we will have a dip in the morning to .06 with a push back up in the morning to afternoon of the .065. So much foundation being built on the bottom with all of the buyers, the MM's cant push it down this stock is flying high.
Posted by QuestSolver on :
and another new HOD...and during the beginning of lunch yet.
Posted by nattty04 on :
Wow, .0625. Do you think this thing will gap down in the mornign quest? I mean this is crazy! lol
Posted by bmaxingout on :
natty i agree 100% amep is a great find.i just like pbls right now. bmax,
Posted by QuestSolver on :
I thin somethings in the works we are unaware of right now,has to be a news event imo...to hard to call any gap right now.
Posted by Persia on :
Imagine what will happen if some news came out.
Posted by HighSide on :
oh my it could happen
Posted by HighSide on :
$$$$$ ching ching ching ching ching $$$$$
Posted by QuestSolver on :
lunchtime slow down,this really should cut loose after 2 or so,I didn't really expect to break .06 before lunch.
Posted by QuestSolver on :
this sure looks like .07 is going to come quick to.
Posted by QuestSolver on :
Natural Gas: Flameout Ahead? By Mark Morrison SEPTEMBER 27, 2005 Businessweek Online
Depending on the full extent of hurricane damage, ever-higher prices could even turn into shortages -- with dire economic impacts While the preliminary damage report for Gulf Coast refineries indicated all but a few would be able to restore many of their operations within a week, the assessment from offshore Gulf oil and gas production areas looked far more sketchy and will probably take more than a week to fully evaluate.
The reason: Oil-field workers will have to travel back to distant sites by boat or helicopter for inspections. And not until deep-sea divers check out wells and connecting pipelines can energy companies know how much damage Rita truly did.
"EVEN MORE PRECARIOUS." While the final answer will hold great importance for future oil and gas prices, what matters most will be the short-term impact on natural gas production. Americans were already anticipating a wildly expensive winter. Home heating bills in parts of the Midwest, for example, were expected to jump a staggering 70% even before calculating the effect of Rita. Now the price could go even higher.
Some economists are actually warning that outright shortages are possible. Cambridge Research Associates' Mike Zenker raised this specter at the National Association of Business Economists confab held this week in Chicago. As he noted, the outcome will depend on the extent of Rita's damage and the severity of weather in the winter months ahead. But the U.S. is now much more susceptible to shortages because of Rita than it was before, he argues.
"Rita has made a precarious situation even more precarious," says Zenker. "Because of the storms we have probably lost the equivalent supply of at least seven to nine days of gas consumption." That adds up to a scary amount, considering that U.S. industry was already losing some of its competitive ability due to high natural gas prices.
FEEDSTOCK URGENCY. What could happen? When a natural gas shortage occurs, most states give first priority to residential gas users. Commercial customers come next.
Electric utilities that serve both household and industrial customers are a wild card: These power companies have chosen gas as the fuel for almost all their new capacity in recent years and have built little capability to use such energy sources as oil or coal. Industrial concerns -- many of them hooked on clean-burning gas since the 1990s when it was readily available and affordable -- come last in most states.
A curtailment can also affect some companies that urgently need gas not as a source of power but as a feedstock to make products. Without enough gas to operate, some businesses, such as those that make chemicals or fertilizers, will have to suspend production or consider moving more of their production to foreign locations where natural gas costs less than one-tenth the U.S. price -- and where the supply appears more reliable.
LAYOFFS POSSIBLE. Long before Katrina and Rita, the natural gas industry was trying to persuade Washington that the U.S. is hurting itself with policies that encourage a premium resource such as natural gas to be treated as a commodity and burned instead of coal or other alternatives to generate electricity.
In the short term, gas shortages and rationing could lead to an ugly winter of layoffs and lower economic growth. In the long term, the free-for-all market for scarce gas will lead some American companies to outsource yet more of their manufacturing -- and jobs.
shorts are covering there imo.
Posted by QuestSolver on :
lots of money stepped in at .058 and above
Posted by buckstalker on :
Wow...a million share buy at the ask .06
Posted by nattty04 on :
Are you serious! Wow! Looks like we are creating a NICE base here at .06. At first I was expecting a dip tomorrow morning, but after all of the buys today. You can kiss that idea goodbye. Only one direction for this stock, and thats up!
Posted by Akira_Lapin on :
They lowering the bid to buy up shares and then popping up the ask ...
Posted by nattty04 on :
What is the bid/ask right now?
Posted by Akira_Lapin on :
.059x.0594
Posted by mmalone on :
Is anyone watching Greenspan's economics lesson on CNBC right now? Jeez this guy is hard to read.
Posted by QuestSolver on :
.058 is the buy zone if it hits its,should get a decent dip before close but this one is trading differant today.
Posted by QuestSolver on :
based on yesterday and today and the trading I do believe a news leak is occuring,I have to think an EOD rally will be coming in.
Posted by QuestSolver on :
looking for a dip now but sure is holding up.This should gap well into the .06's tomorrow.
Posted by QuestSolver on :
I totally recommend being in a good natural gas stock asap.I am reposting this news for a good reason.
Natural Gas: Flameout Ahead? By Mark Morrison SEPTEMBER 27, 2005 Businessweek Online
Depending on the full extent of hurricane damage, ever-higher prices could even turn into shortages -- with dire economic impacts While the preliminary damage report for Gulf Coast refineries indicated all but a few would be able to restore many of their operations within a week, the assessment from offshore Gulf oil and gas production areas looked far more sketchy and will probably take more than a week to fully evaluate.
The reason: Oil-field workers will have to travel back to distant sites by boat or helicopter for inspections. And not until deep-sea divers check out wells and connecting pipelines can energy companies know how much damage Rita truly did.
"EVEN MORE PRECARIOUS." While the final answer will hold great importance for future oil and gas prices, what matters most will be the short-term impact on natural gas production. Americans were already anticipating a wildly expensive winter. Home heating bills in parts of the Midwest, for example, were expected to jump a staggering 70% even before calculating the effect of Rita. Now the price could go even higher.
Some economists are actually warning that outright shortages are possible. Cambridge Research Associates' Mike Zenker raised this specter at the National Association of Business Economists confab held this week in Chicago. As he noted, the outcome will depend on the extent of Rita's damage and the severity of weather in the winter months ahead. But the U.S. is now much more susceptible to shortages because of Rita than it was before, he argues.
"Rita has made a precarious situation even more precarious," says Zenker. "Because of the storms we have probably lost the equivalent supply of at least seven to nine days of gas consumption." That adds up to a scary amount, considering that U.S. industry was already losing some of its competitive ability due to high natural gas prices.
FEEDSTOCK URGENCY. What could happen? When a natural gas shortage occurs, most states give first priority to residential gas users. Commercial customers come next.
Electric utilities that serve both household and industrial customers are a wild card: These power companies have chosen gas as the fuel for almost all their new capacity in recent years and have built little capability to use such energy sources as oil or coal. Industrial concerns -- many of them hooked on clean-burning gas since the 1990s when it was readily available and affordable -- come last in most states.
A curtailment can also affect some companies that urgently need gas not as a source of power but as a feedstock to make products. Without enough gas to operate, some businesses, such as those that make chemicals or fertilizers, will have to suspend production or consider moving more of their production to foreign locations where natural gas costs less than one-tenth the U.S. price -- and where the supply appears more reliable.
LAYOFFS POSSIBLE. Long before Katrina and Rita, the natural gas industry was trying to persuade Washington that the U.S. is hurting itself with policies that encourage a premium resource such as natural gas to be treated as a commodity and burned instead of coal or other alternatives to generate electricity.
In the short term, gas shortages and rationing could lead to an ugly winter of layoffs and lower economic growth. In the long term, the free-for-all market for scarce gas will lead some American companies to outsource yet more of their manufacturing -- and jobs.
Anyone listening to CNBC? They're talking about Natural Gas right now. They're saying that Nat Gas is at an historical high, and may stabilize for the moment AT this historical high. Then in the next breath, they're saying NatGas MAY go from $13.00 to $20.00 by Christmas .
Posted by QuestSolver on :
facts--per CNBC at 3:38 today
33% of all consumer goods are affected by natural gas shortage or price increases,paper,food production,chemicals,etc...
$20.00 is the figure now used for natural gas by Christmas
average consumer will be paying at least double utility bills per CNBC
Posted by QuestSolver on :
LOL...ya beat me to it!!! and even more check the news out!
Posted by Superbee383 on :
LOL well between the two of us, I think we covered most of it! :-)
Posted by mmalone on :
Jeez, volume is taking off! Look at all those trades!
Posted by Akira_Lapin on :
The MMs are buying up everything they can right now and not dropping the ask ... good sign for the upcoming week ...
Posted by buckstalker on :
Something big going down here guys....huge buys coming in at eod......
Posted by QuestSolver on :
Damn....dare I say .07?
Posted by QuestSolver on :
another HOD again....something bigtime is up no doubt in my mind at all now.
Posted by QuestSolver on :
best day so far and I am sure much more to come,this natural gas issue is the ultimate play now!
Posted by buckstalker on :
Yea...I knew something was up when I saw a million share buy coming in at the ask....big money has been pouring into this stock for the past couple of days....
Posted by Chas35 on :
Out at 064..hope to get a decent re-entry point tomorrow
Posted by Akira_Lapin on :
per CNBC at 3:38 today
33% of all consumer goods are affected by natural gas shortage or price increases,paper,food production,chemicals,etc...
$20.00 is the figure now used for natural gas by Christmas
average consumer will be paying at least double utility bills per CNBC
This is amazing for AMEP, they're one of the few companies with speculative potential actually based on concrete assets (purchased land and their own rig) ...
Looks like I'm going to be using the proceeds from this stock to pay my heating bill this winter!
Posted by nattty04 on :
I wish I had more money, but im still sitting on 140k, so i guess thats okay. But man wish i could have bought more. Everyday I tell myself that i wanna do this day trading stuff, but i just sit on what i have. So hard, lol. But i have only sold a little bit, and the rest i have had since .02-.024. So hope everyone else is making good money out there!!!
Posted by QuestSolver on :
a new league of players are in now imo,this should move up easier and easier the higher it gets imo.Once it breaks out over .10/.12 area we can expect another class of players imo,this is a strong buy and hold and the natural gas issue is going to continue to take up more news space on the TV and the web and all other news outlets.
Posted by Akira_Lapin on :
Snippet from AP
AP Crude Oil Prices Ease on Product Concern Tuesday September 27, 5:40 pm ET By Madlen Read, AP Business Writer
Crude Oil Prices Ease Amid Continued Product Concern As Rita Damage Is Still Being Assessed The loss of natural gas is potentially even more worrisome, analysts said, because disruptions to crude output can be offset by barrels from the rest of the world, plus the government's emergency reserve. There is no such safety valve for natural gas, and the country's ability to import liquefied natural gas is limited.
More than 78 percent of daily natural gas output remains blocked in the Gulf as of Tuesday, the U.S. Minerals Management Service said. The region is the country's main source for the product.
Posted by Akira_Lapin on :
This is from a post over at rbulls ... hope the person doesn't mind my re-post.
Let me say, tho, they are definitely RAGING over there. That board is much more, uh ... what's the word ... exuberant. Definitely more low-key here, which is fine by me. But there is a large group of folks over there raging over AMEP.
By: tedguice 27 Sep 2005, 06:54 PM EDT Msg. 31133 of 31137 Jump to msg. # Hi all! Just got back from the store and listened to the radio a bit. Pacific Gas and Electric, here on the West coast, is running major ads now stating that natural gas prices could double and, perhaps, even triple this winter....so expect your utility bill to get bigger. They are offering the 'fixed payment program' now so that consumers will not get hit so hard all at once with sky high bills. The spokesperson said it was all do to the hurricanes and unprecedented demand. Let's Drill!!
EOM
So, now utility companies have officially thrown down the gauntlet.
Today Kramer gave the call to buy NG.
NG was up slightly today to $12.65, last * 2:44 EST. An hour lately, after NYMEX closed, the projection on CNBC came for a $20 figure ...
AMEP has pretty much mimicked the NG chart over its last run. If NG explodes tomorrow based on the projections, AMEP probably will as well.
The projected drill date is October 7th. Chances are quite good that AMEP will rise with only slight dips until then ... by then, the price may go through the roof. If the rig becomes operational before then and a PR is released, it could be an early Christmas for everyone.
All JMO.
Posted by Opforce3000 on :
Akira Thanks for the post..where ever it comes from....I'm diigin it...
Posted by QuestSolver on :
LOL...thanx for posting teds message,he is a decent and honest poster,we have crossed paths many times over the years on RB.If you post there Akira could you say "HI" from Quest!! I don't post there anymore...just can't bring myself to posting around all that chaos.
Posted by QuestSolver on :
I do believe we will have to move the AMEP thread to another board very soon...this one is for stocks under a dime only...LOL
Posted by Akira_Lapin on :
Ha!
I know what you mean, Quest ... I've almost posted a couple times, but man ...
You can find a lot of great info and folks who pull out some nice dd there ... but it is definitely a chaotic environment!
There's info everywhere, tho ... so it never hurts to check around.
Would be a very exciting step to move the thread! That .10+ board doesn't see a whole lot of action!
Posted by Akira_Lapin on :
Also, Quest,
Would you mind re-posting that first article on the estimates of the NG stored up in the Barnett Shale ... I can't remember if it was an estimate for AMEP's land, or for the entire area in general ...
We lost a lot of info when that other thread died ...
Appreciated in advance.
Posted by QuestSolver on :
PRI has increased oil production from the Olmos formation on the 12 test wells by as much as 500% for the month of August. Plans are being implemented to expand the testing area to an additional 25 oil wells in the next 45 days (from 6/2
one well produced in excess of 20 barrels of high gravity oil and 100,000/cubic feet of natural gas. At today's market price of $60.00/barrel for oil and $8.00/mcf of natural gas this would be approximately $1600.00/day or $48,000.00/month or $570,000.00/year gross revenue.
the 500% increase in production from the first 12 wells of the existing 193 well PRI project.
and lets not forget the 30 trillion cubic feet of natural gas sitting beneath the land that AMEP already has.
University of North Texas economist Bernard Weinstein says, "The biggest gas play in the entire United States is occurring here." And it’s historic. Chief Oil & Gas President Trevor Rees-Jones calls it "the natural gas equivalent to the giant East Texas oil field." It's called the Barnett Shale-- 30-trillion cubic feet of natural gas trapped 65-hundred feet beneath the surface of more than a dozen North Texas counties.
AMEP is in Pinto also...
In Palo Pinto County a well was completed naturally, for 300 MCFGPD, and 1200 psi, SI, without a frac. This is a major discovery! Nearby, other wells are producing 252 BO plus 701 MCFGPD flowing, with no water! More wells are producing 400-500 BOPD, with 2,000+MCFGPD! It is estimated that the shale in HOOD Co., TEXAS alone has an average hydrocarbon reserve of "One trillion Cubic of Natural Gas every seven square miles"…Phenomenal!
"While sources close to Shell's decision-making process indicate that no decision has been made, there are projections that Chief could command a price of nearly $1.2 billion, or roughly $6,000 per acre" (for Barnett Shale acres)
AMEP has 7,000 prime acres of the Barnett, that also produces Oil. Most Barnett wells only produce NG Natural Gas.
7,000 AMEP acres in the Barnett X $6,000 per acre = $42 Million. Of course Chief has much more production developed and much more equipment and much more infastructure. Point is ...I believe that AMEP leases are undervalued by the markets, and that will change when CB decides to have the company and leases evaluated by an independent Oil & NG engineering firm. ... greeneyedhawk
University of North Texas economist Bernard Weinstein says, "The biggest gas play in the entire United States is occurring here." And it’s historic. Chief Oil & Gas President Trevor Rees-Jones calls it "the natural gas equivalent to the giant East Texas oil field." It's called the Barnett Shale-- 30-trillion cubic feet of natural gas trapped 65-hundred feet beneath the surface of more than a dozen North Texas counties.
AMEP is in Pinto...
In Palo Pinto County a well was completed naturally, for 300 MCFGPD, and 1200 psi, SI, without a frac. This is a major discovery! Nearby, other wells are producing 252 BO plus 701 MCFGPD flowing, with no water! More wells are producing 400-500 BOPD, with 2,000+MCFGPD! It is estimated that the shale in HOOD Co., TEXAS alone has an average hydrocarbon reserve of "One trillion Cubic of Natural Gas every seven square miles"…Phenomenal!
Gathering Plant
The Granbury Texas newspaper reported, "Hood County Texas is building a gas gathering plant to handle 3 trillion cubic feet of gas". This is a $15,000,000 gas plant and only one of several to be built at this time.
don't forget,AMEP is set up for horizontal drilling also
While some independents are creating wells by just drilling straight through the pay, they are missing golden opportunities that new "Horizontal Drilling" can provide.
I plan to drill down to the top of the pay zone ranging from 4,500' to 8,500', then drill 2000' to 5000' horizontal sections to stimulate up to 5 to 10+ times more gas and oil than what a vertical well can produce.
I presently have numerous lease firms, farmers, oil companies, individuals, service companies and many more possible avenues either on board, or poised to enter this monster play.
Posted by bond006 on :
just got home great day for us white hats wish i was going tobe free in the days but not for a while i will be cheering with all of you soon
Posted by needfastmoney on :
i got in at .05 how high is this expected to go?
Posted by QuestSolver on :
needfastmoney...I guess if we could all make that call on each stock we would all be set.Heres my opinions and I have been involved in AMEP in more then just investing,I DD deeply to say the least.
Some ole school investors have predicted $2 to $3 by next August...I am more conservative and I target at or just over $1.00 by next summer at the latest,not month specific.I also am shooting for .50's by February but may come much sooner.Right now based solely on the companies assets which include quite valuable real estate holdings and also heavy equipment they should be at or near .21 to .25 PPS imo,this does not include any oil/gas or natural gas production numbers.If you take a peek at their current ONG numbers and use todays prices you will get some good figures,there are 25 test wells on one single sight alone,imagine if they announce N gas hits on just a few.Now there is no wait time for a rig which is a major factor and deterant for many ONG companies. All this info is current and until I hear otherwise I will stand by my predictions.In the next few weeks keep an eye on any news channel,see if there are many breaks between natural gas shortage discussions.
GLTY and all here
Q
Posted by kywee on :
78% is harsh
Posted by freakyfranky on :
KYWEE putting the rest of your pennies you got from GRDX into this. I don't think even if this stock hit 2.00 you would make back 1/4 of what you lost on GRDX... Better take out a student loan..
Posted by kywee on :
haha! your are entertaining. but sorry your wrong again...i got in at .0138 and have not sold one share...sorry man
Posted by bond006 on :
guys i have not had the time to dd this stock so thank you quest i just got done with cramer and i tell you he is just screaming natural gas and wo
look what we got a gas co w/some oil and all are talking about shale extraction. i think away we go glta
Posted by J3 on :
could somebody post the link to the CNBC predicting $20 NG prices by Christmas?
Posted by johnny14511 on :
when you guys bought how much did you get in at?
you think is still good to get in at current price
Posted by J3 on :
johnny,
I bought at 50000 at .0319. It's tough to say. I've been thinking about selling and buying back on a dip, but right now I'm scared to sell and miss the boat. However, if I didn't own any shares I probably wouldn't buy at this price. I've been burned already by buying a stock at the end of the run. This last run for AMEP was pretty unexpeced for me. I expected it to start to fall after Rita turned out not to be so bad. If I was trying to get in, I'd try to wait for at least a little dip. Maybe we'll have a dip below .06 tomarrow. It's really hard to say right now. The only thing I can suggest is keep an eye on NG futures. This stock seems to be going up when the NG furtures go up.
Posted by johnny14511 on :
thnx what are some other good plays competitors or natural gas srocks?
Posted by QuestSolver on :
J3...the info you request is already posted here probably a few pages back but heres a bit from another poster concerning CNBC.I also believe many will see this that anywhere under a dime will be a deal soon.
By: tedguice 27 Sep 2005, 06:54 PM EDT Msg. 31133 of 31137 Jump to msg. # Hi all! Just got back from the store and listened to the radio a bit. Pacific Gas and Electric, here on the West coast, is running major ads now stating that natural gas prices could double and, perhaps, even triple this winter....so expect your utility bill to get bigger. They are offering the 'fixed payment program' now so that consumers will not get hit so hard all at once with sky high bills. The spokesperson said it was all do to the hurricanes and unprecedented demand. Let's Drill!!
EOM
So, now utility companies have officially thrown down the gauntlet.
Today Kramer gave the call to buy NG.
NG was up slightly today to $12.65, last * 2:44 EST. An hour lately, after NYMEX closed, the projection on CNBC came for a $20 figure ...
AMEP has pretty much mimicked the NG chart over its last run. If NG explodes tomorrow based on the projections, AMEP probably will as well.
The projected drill date is October 7th. Chances are quite good that AMEP will rise with only slight dips until then ... by then, the price may go through the roof. If the rig becomes operational before then and a PR is released, it could be an early Christmas for everyone.
Posted by QuestSolver on :
the natural gas issue is quite real and will be under the spotlight more and more each day imo.
Natural Gas: Flameout Ahead? By Mark Morrison SEPTEMBER 27, 2005 Businessweek Online
Depending on the full extent of hurricane damage, ever-higher prices could even turn into shortages -- with dire economic impacts While the preliminary damage report for Gulf Coast refineries indicated all but a few would be able to restore many of their operations within a week, the assessment from offshore Gulf oil and gas production areas looked far more sketchy and will probably take more than a week to fully evaluate.
The reason: Oil-field workers will have to travel back to distant sites by boat or helicopter for inspections. And not until deep-sea divers check out wells and connecting pipelines can energy companies know how much damage Rita truly did.
"EVEN MORE PRECARIOUS." While the final answer will hold great importance for future oil and gas prices, what matters most will be the short-term impact on natural gas production. Americans were already anticipating a wildly expensive winter. Home heating bills in parts of the Midwest, for example, were expected to jump a staggering 70% even before calculating the effect of Rita. Now the price could go even higher.
Some economists are actually warning that outright shortages are possible. Cambridge Research Associates' Mike Zenker raised this specter at the National Association of Business Economists confab held this week in Chicago. As he noted, the outcome will depend on the extent of Rita's damage and the severity of weather in the winter months ahead. But the U.S. is now much more susceptible to shortages because of Rita than it was before, he argues.
"Rita has made a precarious situation even more precarious," says Zenker. "Because of the storms we have probably lost the equivalent supply of at least seven to nine days of gas consumption." That adds up to a scary amount, considering that U.S. industry was already losing some of its competitive ability due to high natural gas prices.
FEEDSTOCK URGENCY. What could happen? When a natural gas shortage occurs, most states give first priority to residential gas users. Commercial customers come next.
Electric utilities that serve both household and industrial customers are a wild card: These power companies have chosen gas as the fuel for almost all their new capacity in recent years and have built little capability to use such energy sources as oil or coal. Industrial concerns -- many of them hooked on clean-burning gas since the 1990s when it was readily available and affordable -- come last in most states.
A curtailment can also affect some companies that urgently need gas not as a source of power but as a feedstock to make products. Without enough gas to operate, some businesses, such as those that make chemicals or fertilizers, will have to suspend production or consider moving more of their production to foreign locations where natural gas costs less than one-tenth the U.S. price -- and where the supply appears more reliable.
LAYOFFS POSSIBLE. Long before Katrina and Rita, the natural gas industry was trying to persuade Washington that the U.S. is hurting itself with policies that encourage a premium resource such as natural gas to be treated as a commodity and burned instead of coal or other alternatives to generate electricity.
In the short term, gas shortages and rationing could lead to an ugly winter of layoffs and lower economic growth. In the long term, the free-for-all market for scarce gas will lead some American companies to outsource yet more of their manufacturing -- and jobs.
Johnny, I bought in at .022, .023, .0236, .0245. Those consumed about 110k, and then i bought in .046 and .05 with about 30 at .046 and 12 and .05. I would say, who knows. This is so hard. Becuase we could end up today at .07 EASY! And then it could drop back down to the mid .05's tomorrow and rise back up, but the way its looking i would lean more toward a straight uprising from here with some dips but nothing over .005 of a drop. It is still safe to get in this stock. Sure the first week might be a little push and nudge. But you wont feel a thing when you see it sitting at .2-.5 in the next 3 months Posted by nattty04 on :
Quest you think there will be a news today? Or do you think yesterday was based solely on NG prices. I sure hope it was because if there was no leak, whenever the PR comes out, well dang this thing wil be soaring.
Posted by Akira_Lapin on :
Good morning all.
The projections for a $20 NG figure are in line with the fear that NG prices will increase by over 70% this winter. This figure was calculated when NG was around $12.
From MSN Money today concerning oil rigs:
September 28, 2005 08:11 AM ET Rita causes record damage to oil rigs Financial Times All Financial Times News
Hurricane Rita has caused more damage to oil rigs than any other storm in history and will force companies to delay drilling for oil in the US and as far away as the Middle East, initial damage assessments show.
Oil prices eased on Wednesday over concerns that demand for crude would be hit by the continued shutdown of refineries. US crude fell 27 cents to $64.80 a barrel by 06:444 GMT after losing 75 cents on Tuesday.
ODS-Petrodata, which provides market intelligence to the offshore oil and natural gas industry, said it expected a shortage of rigs in the US Gulf this year.
"Based on what we have right now, it appears that drilling contractors and rig owners took a big hit from Rita," said Tom Marsh of ODS-Petrodata. "The path Katrina took was through the mature areas of the US Gulf where there are mainly oil [production] platforms. Rita came to the west where there is a lot of [exploratory] rig activity."
Ken Sill of Credit Suisse First Boston said: "Early reports indicate numerous rigs are missing, destroyed or have suffered serious damage and several companies have yet to report. Rita may set an all-time record."
The US Coast Guard said nine semisubmersible rigs had broken free from their moorings and were adrift.
This damage could not have come at a worse time for oil companies and consumers. US crude futures on Monday fell 37 cents to $65.45 a barrel in midday trading in New York as refineries that were evacuated before the onset of Rita returned to operation.
Earlier in the day, Ali Naimi, Saudi Arabia's oil minister, said the market had not taken up the 2m barrels a day of spare capacity the Organisation of the Petroleum Exporting Countries offered last week. Speaking in Johannesburg, he blamed high oil prices on a lack of industry infrastructure, including rigs and refineries, rather than oil reserves. Rigs, which are movable and are used for exploration and development, were in short supply before hurricanes Katrina and Rita blew through the US Gulf in late August and September.
High oil prices and the desperate search for new oil supplies needed to meet rampant demand from the US and China have made rigs difficult to find and expensive to hire. Rigs cost $90m-$550m to construct, depending on how sophisticated the structure and how deep the water in which it will drill. A rig ordered today is unlikely to be ready before 2008 or 2009, analysts said.
As a sign of just how precious rigs are becoming to the market, Anadarko, the biggest US independent oil company, this week set a record by committing to a rig six years in advance; commitments in the past were made months ahead of time rather than years.
Initial reports from companies are ominous. Global Santa Fe reported it could not find two of its rigs. Rowan Companies reported four rigs damaged, with two having moved, one losing its "legs" and the fourth presumed sunk. Noble has four rigs adrift, with two run aground one into a ChevronTexaco platform
Posted by Akira_Lapin on :
This could change before I'm done typing, but as of 8:26 AM, AMEP has a gap to .064 ...
But the BID has gapped to .065.
Posted by nattty04 on :
Wow, thats just dandy, lol. ITs gonna be a rocket morning i believe
Posted by nattty04 on :
A close in Berlin at .06 = .072 here.
Posted by nattty04 on :
When does the quarter revenues come out?? 1st or 2nd week of october?
Posted by nattty04 on :
What does it mean to have the bid over the ask???
Posted by kywee on :
its .064x.0645
and J3, this isnt really a run, no penny runs this long and this has gone down and back up.
Posted by QuestSolver on :
nattty..not sure about news but I don't believe the NG prices were much of a factor,AMEP is just simply severely under valued imo.
Posted by nattty04 on :
Im showing .0645x.065
Posted by kywee on :
.065x.066
Posted by nattty04 on :
Wow this thing is gonna go CRAZY!!!!
I finally got level 2's, yay!
.066x.067
Posted by QuestSolver on :
mirror trading and bids and ask being matched...tells me that shares are not that readily available,MM's may entice for selling soon so expect major bid movement imo.
Posted by kywee on :
American Energy Production, Inc. (OTCBB: AMEP) traded up 24% in yesterday's session from an opening price of $0.051 to $0.063 on 63,298,900 shares, a more than 50% increase in the Company's average trading volume of roughly 40,000,000 shares.
About American Energy Production, Inc.
American Energy Production, Inc. engages in the acquisition, development, production, exploration for, and the sale of oil and gas in the United States. The company, through its subsidiary, Bend Arch Petroleum, Inc., holds 1116 acres in Pinto, Texas, and also a 50% interest in 400 acres in Parker County, which includes five producing natural gas wells, as well as natural gas pipeline. American Energy Production was founded in 2000. The company was formerly known as Communicate Now.com, Inc. and changed its name to American Energy Production, Inc. in 2002. The company is based in Mineral Wells, Texas.
Posted by nattty04 on :
The shake is on, wanted to sell a few and buy back but gosh, so hard to press that sell button!
Posted by mmalone on :
nattty: tell me about it, i was thinking the same thing. I did the math and decided to sell some at 0.066 and buy back lower, but I just couldn't do it. Oh well, we're still making money here... can't be too unhappy with 100%+ gain and still going!
Posted by nattty04 on :
I mean I guess malone. Ill take what I can get, I just get that bad feeling that im gonna sell 30k, and it goes up to .07 and then i miss out on 1-2 hundred dollars, lol.
Posted by nattty04 on :
Greed = Bad...Should be happy with waht I have, lol
Natural Gas = 12.67 as of right now. If that thing could kick up to 13.00. That would be fantastic + a PR. Man things are limitless
Posted by QuestSolver on :
probably get more frequent dips on very small percentage drops and close gap between bid and ask throughout the day,some on the other board are trying just that with trading but have yet to get in at the same or lower level.
Posted by mmalone on :
Yea that's my worry too. I'm especially worried that if I try to flip this right now a PR will be released while I'm out and I won't be able to get back in for the ride.
Posted by Persia on :
My first partial sell will be after the PR.
Posted by nattty04 on :
10 million volume in 1st 30 minutes. Not bad
Posted by nattty04 on :
I am not selling until .2. That way it will pay for my 30k lot for me and my fiance to build a house on. But this thing will be anywhere from .5-1.5 IMO by April.
Posted by nattty04 on :
At 10:30est, I think they will be releasing a lot of info on NG and OIL and what is predicted on CNBC. So might wanna check that out.
Posted by QuestSolver on :
mmalone...even without a PR have you notice these short spurts on the dips? If you did not sell right at open I would surely not sell now because I doubt you get back in cheaper since many set buys have just been hit on that .0589 dip and it only lasted about 30 seconds.
Posted by mmalone on :
nattty: yea, the government releases inventory data every wed. around 10:30... usually leads to some quick corrections in ONG stocks.
Posted by nattty04 on :
Okay cool. Im starting to to get into everything a lot more with all of this stuff.
Posted by mmalone on :
Quest: yea I'm not going to sell now. I'm going to hold on until at least after the PR. If I do sell I'm not getting completely out, just enough to lock in a gain and maybe do some flipping with that money.
Posted by nattty04 on :
Well, we are starting back up. Yeah that sell early would have been perfect but oh well. I can still smile because im seeing green the rest of the day probably. Posted by Akira_Lapin on :
I agree, Quest.
That dip imo was pure DTs, in for the swing, setting themselves up for the rest of the day. The dips for the rest of the day will be negligible.
Posted by nattty04 on :
Natural Gas is up to $13.00
Posted by QuestSolver on :
if all stays consistant we should get spike buying between 11:00 and 11:30 and off an on after 2
Posted by QuestSolver on :
NEW HURRICANE FORMING HEADIN FOR GULF
A tropical wave along 80 west south of 21 north is moving west-northwest at 12 knots. During the past 24 hours the system has developed a mid-level circulation. However, the lower level circulation is still not well defined. By later Thursday, the wave will be in the northwestern Caribbean. Current indications are this should become better organized Thursday as it heads in that direction. If this process continues then a hurricane hunter aircraft will investigate this feature later on Thursday
Posted by QuestSolver on :
some info during the lunchtime lull...
3 storms in the works now,major one coming from Africa again. Natural gas about to hit $14 and still climbing...crude just jumped up again on bad reserve reports....distilled (heating oil) also on a rise again. _________________
Posted by J3 on :
Looks like all the future contracts for natural gas are up though May of 2007
wont be back till eod, hope to see some green or even
Posted by QuestSolver on :
bid higher then ask now...told ya they are going to try an entice sellers....LOL
Posted by mmalone on :
Ok, was it me or was bid above ask for like 5 minutes there... MMs are playing.
Posted by mmalone on :
I wonder if they would actually fill orders in that situation... put in a buy for 50,000 shares and sell immediately after Posted by Akira_Lapin on :
The MMs are just unabashedly buying shares low and then bumping up the ask after sells ...
... fantastic.
Posted by QuestSolver on :
I sure hope everyone here is watching CNBC right now
Posted by Akira_Lapin on :
What's the word, Q?
Posted by QuestSolver on :
all about natural gas and is a bigger problem then most have predicted.I think once we break the HOD again it will continue up.
Posted by Superbee383 on :
Did I hear that right? Nat. Gas futures are up 13.00 for Jan/Feb?? yeow!
Posted by QuestSolver on :
that puts us at around $25.00 or so..also..notice how they are doing these little shakes and it appears no or very little buying is allowed at the ask when they do it,this to makes me feel like they are trying to pull out some shares without giving any up.
Posted by QuestSolver on :
natural gas now at $14.60
Posted by QuestSolver on :
might want to watch closely because it looks like EOD activity is about to increase.
Posted by nattty04 on :
Not much happening right now. Hopefully last 30 minutes will be a good kick in. Only 5 orders in last 15 minutes on my screen.
Posted by bbygyrl123 on :
is there a symbol for natural gas? ticker...?
Posted by nattty04 on :
No, goto Bloombreg or something like that. The site off of CNBC. Then look at commodities and you will see Natural Gas.
Posted by QuestSolver on :
sure is holding what appears to be a fairly new base over .06...lots of money stepped in above .058's yesterday and I feel they are in for an easy double very soon.....EOD rally today after another slight dip? we'll see soon I guess.
Posted by QuestSolver on :
per CNBC--natural gas will have a big impact and is up already over 80% in just a few months and the NS winter season starts November 1st
Posted by QuestSolver on :
hmmmm...looks like a rush is coming in
Posted by ThehourofTaber on :
So we had a red day. The good news is AMEP is trading healthy. I'm holding long and strong. Good luck to all.
Posted by G_Ho on :
Make sure you re-caulk all your windows prior to winter to help keep the warm in and cold out.
Will help keep those damn heating bills down. F*CKING NATURAL GAS! LOL Posted by QuestSolver on :
down 2.2%....we'll live LOL.....wonder if our down day this week is today instead of Friday? now wouldn't that be nice. I am impressed that it did stay in the .06's after it finally broke thru...everytime we broke into the next highest penny it retraced back under the next day and then recovered the next day and closed higher.I feel we have a strong base at .058's now but it looks like .06 has built up heavy the past day.News tomorrow may send this insane but I see AMEP also has no problem putting news out on Fridays to,(something I don't really care for but news is news right,Fridays can be a waste of a good PR)
Posted by QuestSolver on :
Every chat room, bb or alert out there seems to be in agreement that AMEP at .10 is a given.
Posted by QuestSolver on :
American Energy Production, Inc. engages in the acquisition, development, production, exploration for, and the sale of oil and gas in the United States. The company, through its subsidiary, Bend Arch Petroleum, Inc., holds 1116 acres in Pinto, Texas, and also a 50% interest in 400 acres in Parker County, which includes five producing natural gas wells, as well as natural gas pipeline. American Energy Production was founded in 2000.
this does not include the Barnett zone
Posted by imakmony2005 on :
GREAT UP SIDE. LOVE IT.
Posted by J3 on :
bbygyrl123, Here's a site for natural gas futures.
I just got done reading The Raging Bull message boards and man they are crazy over there. Hey Quest, now I know exactly why you don't post over there anymore It's rediculous. Way too many bashers that don't even make sense!
Posted by QuestSolver on :
LOL...yeah RB is insane anymore and its a shame because there are still some good informative posters there!
POSTED: 5:06 pm EDT September 28, 2005 UPDATED: 10:04 pm EDT September 28, 2005
PHILADELPHIA -- The latest shockwaves from Katrina and Rita could rock your household budget this winter.
Video: PGW Raising Rates
Energy costs have skyrocketed in the wake of those hurricanes and now PGW is requesting a great big rate hike from the Public Utility Commission.
"I'm scared about what's going to happen this winter. I've already seen my heating bill go up," said one Philadelphia resident.
The rate hike request might just be the beginning of a long, cold process that could have your winter heating bill boiling over.
PGW wants to increase rates for natural gas by another 19.4 percent. That is on top of a 5 percent increase put in place on Sept. 1. The 19.4 percent increase will boost the heating bill for a typical customer by about $335 a year. If you paid an average of $235 a month last year, this year you will be paying about $300 a month, PGW said.
To make maters worse, the U.S. Energy Department thinks natural gas prices will skyrocket by as much as 30 to 70 percent this winter.
"I'm really upset. They should keep it low. People can't afford to pay for gas," said Evelina Jackson.
"What we are hoping people will do is get prepared because we're telling you now that gas prices are going to be phenomenally higher than they were to the tune of 19 percent above what they were just a few days ago. People need to be ready this winter," said Doug Oliver, of PGW.
It is more important than ever to keep up with your bills. A new state law passed last year allows utilities companies to shut off gas and electricity during the coldest winter months for nonpayment.
PGW said that if you think you are going to have trouble with the rising prices, you should call the company to arrange for a billing plan.
If you need some help figuring out how to pay for the rising cost of energy, click here for a list of contacts and ways to save money during the cold months to come.
On Friday, NBC 10 News will have a home heating phone bank with experts from all of the local utilities here taking your calls.
They will help you sign up for budget plans, figure out if you are eligible for assistance and even tell you what you can do to lower your bills this winter.
The free phone bank will take place Friday from 4 p.m. to 6:30 p.m.
Posted by QuestSolver on :
Natural Gas Supply Association Warns Heating Your Home Will Be Costly This Winter Posted: 9/28/2005 4:15:00 PM Updated: 9/28/2005 4:19:34 PM
The chairman of the Natural Gas Supply Association Wednesday said all the damage to oil production facilities caused by Hurricanes Katrina and Rita, means you’ll pay higher heating bills.
And as you brace for higher home heating costs this winter, Metro is also preparing for what it could cost to keep city buildings up and running.
Metro is responsible for paying the Natural Gas bill at buildings like the Municipal Auditorium and The Gaylord Entertainment Center just to name a couple. So, if gas prices continue to rise, it could have a major impact on next year’s budget. Now, they’re trying to come up with ways to cut costs.
Metro has several buildings on its Direct Energy system. Metro Finance Director David Manning says that means Metro buys some gas in “gas months” in advance in case of situations like this or others that can cause the price to drastically rise.
“That's one of the reasons why we've been in this posture of buying gas ahead not to beat the system, but to try and maintain stable pricing,” said Manning.
Currently, metro has a supply that will last through next May. Finance administrators are holding off on buying gas right now. Manning said they’ll hold off for a few months while they wait to see what will happen in the future.
Posted by QuestSolver on :
From today's MSN Money, Jim Jubak's article profiles "unconventional" gas producers that take NG from shale formations, etc. Here's an excerpt:
"You'll note that all three of my picks for CNBC's "Morning Call" emphasize natural gas over oil and land-based gas production over gas from the Gulf of Mexico. That's because I think natural gas prices will go up faster than oil prices over the winter and through 2006. The recent hurricanes also are adding a "safety" premium to land-based natural gas production. That's why my two "exclusive" picks for readers of CNBC.com on MSN Money are both conventional gas plays. I think the fundamentals for natural gas companies, even if they're producing from conventional sources, will drive these stocks higher."
Read ing the article, he looks back at the price/profit ratios to pull oil and NG out of the ground. The breakeven point was approx $25/barrel, and $30/barrel put them in the black. Currently, analysts don't expect the barrel price to go up as dramatically as it did from 2003-2004, looking for it to drift around the current price for the near future. That will keep it profitable for unconventional producers, including our little AMEP.
.07 today?
Posted by kywee on :
not even a gap
Posted by QuestSolver on :
inventory data for natural gas to be out at 10am on CNBC...expected on the low side
Posted by nattty04 on :
We need a PR today, that would make it wonderful or else it may go down and close in the upper .05's
Posted by farmgirl on :
I think if Quest is right and the inventory comes back as low this stock will go up again just because people will be concern about how high the price will be for gas this winter. While this stock is in the 5's I just bought more. I think this can only go up.
Posted by nattty04 on :
I totally agree. I tried to sell 20k at .062 this morning but couldnt get it out. Knew it would drop but oh well maybe next time.
Posted by farmgirl on :
I am triing to get out of a couple other mistakes and buy more if we stay here.
Posted by rayraypico on :
I have read many posts talking about the MM's. WHo or what are the MM's?
Posted by Akira_Lapin on :
NG is up to $14.70.
Things are setting up to be extremely optimistic for a gas company about to break ground on new resources.
Posted by Persia on :
MM's are the markets makers. Basically, they just want our money.
Posted by QuestSolver on :
More than 3 million barrels per day (bpd) of fuel processing capacity remained shut after hurricanes Rita and Katrina, and Washington has said that up to 15 percent of U.S. capacity could be out for at least another couple of weeks.
The refinery outages have sparked fears that wholesale and retail oil prices may surge ahead of the northern hemisphere winter.
"What we need is not (crude) oil but heating oil and natural gas," said Kwan. "Unfortunately, there's no strategic reserves for them."
Posted by Akira_Lapin on :
With the way the NG price has shot up this morning, imo, this means that the NG inventory is quite low. We'll find out when the announcement comes in 5 mins.
Posted by Akira_Lapin on :
Plus, there was a boatload of sells at .06.
And the MMs didn't drop the price, they're accumulating as much as they can without driving the price down. It appears as if they're stocking up for another run.
Again jmho.
Posted by J3 on :
Have they given the report yet?
Posted by QuestSolver on :
report not out yet as far as I can see.
Posted by QuestSolver on :
nice and movin up..bid and ask matched
Posted by QuestSolver on :
.065 and matched and climbing...has to be news imo!!
Posted by QuestSolver on :
from RB
ARCA has been matching the bid on ask all day..now NITE and TDCM are joining in on the fun....dunno what is up with that, other than they want shares and will pay ask prices for them...
Posted by QuestSolver on :
they want shares bad!!! thats what I have been trying to say for weeks,the MM's are trying to collect as much as possible imo!
Posted by J3 on :
Looks like we may break .07 today!
Posted by QuestSolver on :
headin to .07 real fast now!
Posted by Persia on :
You gotta love AMEP!
Posted by mmalone on :
And away we go!
Posted by QuestSolver on :
they are showing their hand now...YES THEY DEFINITELY WANT SELLERS SHARES NOW!
Posted by buckstalker on :
I have tried to tell you guys that something big is coming up here...when investors start putting 45k dollars into a penny stock...somebody knows something!!
Posted by farmgirl on :
we hit .07
Posted by ThehourofTaber on :
It's really flirting with .07. It should break it today.
Posted by nattty04 on :
Helloooo, and good morning. Looks like we are all having another WONDERFUL DAY. Hope this keeps up!
Posted by J3 on :
anyone else haveing trouble buying? I had my limit order at .07 when the ask was only .0695 and it didn't go through.
Posted by nattty04 on :
Its about to break it upanother .002 in a few minutes it looks like. Probably .072
Posted by nattty04 on :
Well, there it is, ha.
Posted by J3 on :
It already did!
Posted by emonkey0015 on :
I predict .076 today. AWESOME S#$T!
Posted by rfggator on :
where doe it go to today?
Posted by mmalone on :
This stock is rediculous. My optomistic estimates from a week ago about where this stock might go are looking conservative now.
Posted by Persia on :
Something is going on behind the scene people, but what?
Posted by QuestSolver on :
let profit takers sell,they will be absorbed quick and its getting harder to buy back in.
Posted by nattty04 on :
I TRULY believe nothing is going on Persia. What is going on is OBVIOUS just by looking at the news. When you have 300 Trillion cubic feet of possible NG. And NG is going up 100%. Just put 2 and 2 together and you will see why this is going up. When a PR comes out, maybe today in a few minutes or tomorrow. Then we could see .08 EASY! By close tomorrow.
Posted by farmgirl on :
why settle for .08 I am looking for .10 soon
Posted by mmalone on :
Why settle for .10, I'm looking for $1 soon with a 4% dividend yield. (Just kidding, but who knows)
Posted by QuestSolver on :
.08 after lunch imo.
Posted by HighSide on :
this is great, what is going to happen when some news breaks out ??? .01 increases instead of .001's
Posted by QuestSolver on :
I still stand by my predictions of .50 by February or sooner and $1.00 or so by next August (thats $2 less then some are predicting)
Posted by farmgirl on :
Hey we all have to have a little bit of dreamer in us to play pennies. I can change my dream to 1.00 but my reality is .10 in the next couple days.
Posted by nattty04 on :
QUESTION.....I dont know crap about dividends stuff, besudes its what the company gives to shareholders out of extra money. What do you mean by a 4% dividend yield Malone. And yes i am starting to believe more and more that this will be a $1+ stock.
QUEST, do you have a link for hte new hurricanes. 2 are coming in the next 2 weeks most likely.
Posted by mmalone on :
Speaking of dividends, don't BDCs have to distribute earnings to stockholders if they don't reinvest them at the end of the year?
Posted by mmalone on :
A 4% dividend yield would mean you get 4% of the value of the stock annually in dividends. At $1 that would mean you'd get 4 cents annually, or prolly around twice what you paid for your shares, every year. Posted by ThehourofTaber on :
They should make an annoucement about the drill up and running any day now. Just that alone will make it run again. Hey Quest, do you know where we can find out the price their getting on NG and oil for the month of October?
Posted by HighSide on :
WoW could we hit .08 today ??
Posted by mmalone on :
Bid above Ask. They want shares.
Posted by shomethamoney on :
If you haven't heard tomorrow CWMF is having a forward split. For every 100 shares owned you will receive 50 shares!!! They do have a FEMA contract number and trying to bid for contracts in the relief effort as well.
Posted by buckstalker on :
Take it to the thread for that stock...don't post here unless it's about AMEP...
Posted by HighSide on :
L2' anyone
Posted by buckstalker on :
.0698 x .0698
Posted by rayraypico on :
here comes .07
I am a newbie on this board but I have owned amep for a little while now. I would like to compliment the board members here. Lots of facts posted and without the bashing that goes on the other message boards I have visited.
This board is quickly becoming my favorite board for OTC stocks
Posted by QuestSolver on :
looking outstanding even at the beginning of lunch!! bid and ask keep matching,the MM's are clearly driving for shares!!
Posted by Superbee383 on :
quote:Originally posted by rayraypico: here comes .07
Lots of facts posted and without the bashing that goes on the other message boards I have visited.
I agree Ray! I read all the boards for months! The other ones remind of the kiddy chats on AOL.. lol. This is definitely the best of the best! And from one newbie to another.. welcome!
Posted by QuestSolver on :
rayray...here and HSM are the two best boards out there (and that comes from many years of experience trading on the boards!)
Posted by nattty04 on :
I got a sell for .073. Come on, lets go!
Posted by Akira_Lapin on :
Don't worry, natty. You'll hit it.
Posted by QuestSolver on :
thehouroftaber--I had a monthly link for the ONG and NG contract sell prices,I'll have to dig it up.
Posted by Persia on :
I've got a sell for 1,00 USD.
Posted by Akira_Lapin on :
This is quickly becoming a short's nightmare.
Posted by HighSide on :
i hope i can hold off on the sell button, the thought of a dividend just excites me
Posted by bbygyrl123 on :
okay, what does it mean when the bxa are the same?
Posted by buckstalker on :
It means the mm's are willing to pay the ask price for shares....in short...they want shares bad...
Posted by QuestSolver on :
new HOD and moving quick to 8 imo...hey persia was that you that called the 8's today?
Posted by Persia on :
No Quest, I think it was Natty. I'm waiting for the dollar...
Posted by farmgirl on :
I think it was HighSide that said .08. Lets see it
Posted by QuestSolver on :
LOL...I got my dollar shares parked and ready to!
good call nattty! another new HOD again!
Posted by ya ya on :
I sold this for a Penny.What the heck was i thinking,oh well win some lose many more.GLTA
Posted by ThehourofTaber on :
Thank Quest. I really thought today was going to be a little more profit taking, obviously not. When the profit taking occurs does anyone out there think we will see the .05's again?
Posted by ThehourofTaber on :
This movement isn't even after lunch!!!
Posted by nattty04 on :
I sold 30k at .073 ...I had been watching all day and thought it was going to go back down to like .071. Just a quick swing. Jeeze!
Posted by nattty04 on :
Looks like I could have been right. Just .002 more. Come on!
Posted by buckstalker on :
Hard to buy shares natty...good luck
Posted by QuestSolver on :
retrace now for lunchtime lull,may hiot high .06's but that bid base is strong as hell at .07
Posted by G_Ho on :
quote:Originally posted by ya ya: I sold this for a Penny.What the heck was i thinking,oh well win some lose many more.GLTA
HAHA! I sold 380K at .02 on a quick squeeze. Paniced I guess. Did buy some more at .055 though.
Posted by nattty04 on :
I bought shares at .072 after a .075 buy. Made $150. not bad. Still waiting for 31k buy at .072. make another $60 with that
Posted by farmgirl on :
CNBC is talking about the problems with pipelines for natural gas and oil. GO AMEP
Posted by buckstalker on :
Bid higher than the ask...
Posted by QuestSolver on :
AMEP owns a percentage of a natural gas line already producing and in place.I'll post the link or info soon
Posted by emonkey0015 on :
Not to brag but i called .076 as the high.
Posted by mmalone on :
quote:Originally posted by emonkey0015: Not to brag but i called .076 as the high.
Don't count your eggs until they've hatched, we've still got 2 and a half hours of trading to go and AMEP has made EOD runs several times in the past few days Posted by buckstalker on :
Hope you are wrong...
Posted by emonkey0015 on :
I wanted to bet someone on it too, darn it.
Posted by mmalone on :
Quest: you remember when 0.0001 moves were as hard as 0.001 moves are now? Seems like a loooong time ago, but it was only two weeks or so!
Posted by QuestSolver on :
American Energy Production, Inc. engages in the acquisition, development, production, exploration for, and the sale of oil and gas in the United States. The company, through its subsidiary, Bend Arch Petroleum, Inc., holds 1116 acres in Pinto, Texas, and also a 50% interest in 400 acres in Parker County, which includes five producing natural gas wells, as well as natural gas pipeline. Posted by emonkey0015 on :
If I'm right everyone has to rate me a 5 out of 5. LOL
Posted by buckstalker on :
I'll take that bet...
quote:Originally posted by emonkey0015: I wanted to bet someone on it too, darn it.
Posted by emonkey0015 on :
I was wrong everyone rate me 0 out of 5. .077
Posted by buckstalker on :
I'll give you 5 for calling it WRONG!!
Posted by QuestSolver on :
mmalone...yes I remember and man has this changed in just two weeks,they are now showing they need shares to work with,the CEO Charles Bitters made a direct statement claiming they will not issue anymore shares for this company at all,they are reallying on their own income and from the income from the wholey own investees.
Posted by emonkey0015 on :
This is one case when its GOOD to be wrong!
Posted by J3 on :
We got a new high for the day! maybe we'll break .08!
Posted by QuestSolver on :
8's knockin now
Posted by mmalone on :
This is insane! What the heck is going on!? No news and we're up like 30%.
Posted by kywee on :
nice to come back to
Posted by ThehourofTaber on :
Knock Knocking on Heaven's Door!
Posted by QuestSolver on :
yes!!! buy N gas stocks now!!
Natural-gas stocks up 53 bln cubic feet: Energy Dept Thursday, September 29, 2005 2:49:06 PM http://www.afxpress.com
SAN FRANCISCO (AFX) -- U.S. natural-gas stocks rose by 53 billion cubic feet for the week ended Sept. 23, the Energy Department reported Thursday. Analysts at Platts expected a rise of 67 billion, but First Enercast Financial predicted an increase of 49 billion. Total stocks now stand at 2.885 trillion cubic feet, down 116 billion cubic feet from the year-ago level, and up 23 billion cubic feet from the five-year average, the government data said. November natural gas is up 25 cents, or 1.8%, at $14.35 per million British thermal units in New York, trading near the session's high
This story was supplied by MarketWatch. For further information see www.marketwatch.com Posted by J3 on :
Starting to dip
Posted by nattty04 on :
So, how low will the dip be today or tomorrow you think? .07?
Posted by buckstalker on :
What happened...miss your buy back in price? No one here can predict highs or lows accurately...
quote:Originally posted by nattty04: So, how low will the dip be today or tomorrow you think? .07?
Posted by J3 on :
I tried to buy at .07 earlyer today when it started to run, the ask was only .0695 and I missed it. It went up over my limit price shortly after I placed my order. This was an order for extra shares though, not from flipping.
Posted by QuestSolver on :
we have at least 5 active producing natural gas lines right now,any news on the new ones and we are really off to the races.
Posted by nattty04 on :
Shut up buck, lol! Oh well, I bought back at .077, BUT that was only half of my fill because my other half got filled at .072. So, I had free commission trades, so i ended up picking up 100 shares...lol, so funny.
Posted by nattty04 on :
Quest, hows your portfolio looking? lol. Strong to Quite Strong? Now, if AMEP Ceo Joe wanted to be really nice he would give us a press release tomorrow. And he would see the stock go to .095-.1. And that would be wonderuful.
Hurrican Katrina NG pipeline is worse than they even came close to as told on CNBC. Tomorrow should be an interesting day.
Posted by QuestSolver on :
as I said earlier,there are now another league of buyers involved imo and this will move quicker at higher levels.
Posted by nattty04 on :
Nice Nice, So, lets have some fun. Post your guess at the EOD-HOD price.
I am going to say it will hit .083.
Posted by kywee on :
we obviously dont need a pr right now
Posted by QuestSolver on :
nattty...don't be surprised if you see them numbers today the way this is acting!...LOL..without news!
Posted by emonkey0015 on :
save the PR for a slow day. I hope this doesn't break .10. I won't be able to find the new message board.
Posted by buckstalker on :
Just messin with ya natty...I tried flipping this once back at .0352 and ended up buying back at .04 ...Today is not the day to try and flip this stock...mm's want shares too badly. I originally bought in at .016 though so it's all good!
quote:Originally posted by nattty04: Shut up buck, lol! Oh well, I bought back at .077, BUT that was only half of my fill because my other half got filled at .072. So, I had free commission trades, so i ended up picking up 100 shares...lol, so funny.
Posted by nattty04 on :
Yeah, my average buy is at .0294 right now. So, Im still smiling. I am 1/3 of the way of my lot for my new house being bought. But hey lets just got to $1 and then i can just buy my house in cash. That would be just lovely!
Posted by Akira_Lapin on :
5 MMs have shifted their asks up within the .08s/.09s.
Posted by nattty04 on :
We are creating a good bottom right now at .077-.079. This is good for tomorrow. I think it will be a different story tomorrow than last friday.
Posted by nattty04 on :
MM's getting it down a little bit. Little dip here.
Posted by QuestSolver on :
it looks like our trading pattern is coming back to normal again,this is our 2:30 dip in play,look for the recovery and another dip before 3:30 imo...I still think we will touch .08 yet today but if not....who cares!!! this has been a great day so far!
Posted by nattty04 on :
Looks like big dip, jeeze, oh well.
Posted by QuestSolver on :
nat,this big dip is still 18% above the open....LOL
Posted by rayraypico on :
Does anyone have a realistic 1 year and two year price target on this stock?? Are we shooting for $1 or $10. What is a reaonable expectation on this stock. I have been in since .022 and my plan is to stay long on this stock.
Posted by QuestSolver on :
rayray....some other posters and traders I have dealt with for years are targeting AMEP between $2 and $3 by next August,I am staying conservative with a prediction of .50 by February and $1.00 by next summer....remember and keep in mind,the CEO stated there will be no more shares added to what we already have at all,that tells me we are in for a steady uptrend.
Posted by Bluemound_Freak on :
This is my first post to this board, Been lurking here for some time.
Got in on this one at .04......
At first this was a short but with what I have read here over the past copuple of weeks.......I'm hanging around for a while!
Thank you all who post good info here.
Posted by rayraypico on :
Quest
First of all I am impressed with your post. I have read through this board and like that you always post the facts you are not a PUMPER. I would like to know what other stocks you have on your watchlist?? Just curios to know
Posted by nattty04 on :
Quest, yeah i know i was just kidding. What are we up another 40% this week, lol! Thats 85% in 2 weeks if im not mistaken.
Posted by metermaid on :
I am also a lurking first time poster.
I wanted to say that I am very impressed with Quest's posts. I bought my very FIRST Penny (AMEP * .028) because of the DD he so graciously shared.
Thanks Q and like rayray I too would like to know what else you are doing hee hee! I recently bought a few shares of BTSI and am waiting for it to go the way of AMEP...if lucky.
Posted by QuestSolver on :
rayray...in the middle of a few picks and DD and will post them asap.
Posted by QuestSolver on :
here we go....heres the other dip and maybe the last chance today to get in a little lower for some! I have a set buy at 7 flat just in case.
as for BTSI they were supposed to have reversed split today.
Posted by rayraypico on :
Its amazing NG prices fell a little after lunch but AMEP is still holding .07. This stock is just plain strong.
Posted by nattty04 on :
Dip is over, now here comes that closing run!! Lets see how high we can get.
Posted by buckstalker on :
A lot of the mm's are moving up into the .09 and .10 range...
Posted by nattty04 on :
Yeah, what exactly does that mean? They dont wann give any shares away?
Posted by Persia on :
They are running away Natty.
Posted by buckstalker on :
Bingo...
Posted by QuestSolver on :
ray...the main reason is that AMEP is severly undervalued right now,should be at .20 plus based on the assets alone and not even ONG production.
7000 acres of land in Barnett zone at an estimated $5/6000 an acre...you do the math...thats just one location.
Posted by Akira_Lapin on :
Nearly 500K went through in the last minute *.074
Posted by HighSide on :
6 minutes left
Posted by QuestSolver on :
600k buy at .074 and climbing
Posted by QuestSolver on :
most MM's staying above 8 and 9 and even 10
Posted by QuestSolver on :
what a day!! closed at .0755 for 22% gain!!!
Posted by Persia on :
And winter has not even started yet...
Posted by Slippery Wing on :
Hey all. I'm interested in this ONG stock... but I'm a little late to the game. Is this still a good place to get in?
-Slip
Posted by discosquirrel on :
slippery: YES
cleared up some more funds and i'm gonna add more tomorrow morning Posted by kywee on :
it depends on what you want to do. do you want to swing or hold long? if your gunna hold long it has to get to around .16 for a double, so it depends how much you have to throw. imo it wouldnt be worth it throw in $300 and wait. there are many other runners.
Posted by Opforce3000 on :
Quest I have also been following you on stocks... followed you into AMEP and look for your post...also green eyed hawk on RB...got in here at .0166....And loving it What else you got in the works
Posted by kywee on :
for future reference. no one ever knows if any place is good to get in or out. so i would decide on your own. plus the last thing we need is pumping
Posted by QuestSolver on :
Opforce...Greeneyedhawk is an outstanding poster,he and I have never crossed paths on the same board though,I sure we he would join here or HSM or both,his caliber of posting is far to good for Raging Bull.I started posting AMEP at .013 as a strong buy well in advance as he did except I posted here and HSM and even DWB's and mentioned to all to get in now and go play elsewhere until Fall....some listened and are quite happy now.I was in the DD process when AMEP was just under a penny and got some snags that had to be cleared,by then it went to .013. Kywee your correct,everyone must decide when to enter and exit but I stress to all that your very first goal should be to recover your principal investment money and play with freebies,that way ALL RISK IS NOW OUT OF THE PICTURE!
have a great evening all,might stop back later but may be cruisin on the scooter!
Q
Posted by needfastmoney on :
i got in at .05 so i feel ok atleast i've made some money its now climbing
Posted by QuestSolver on :
right now(6:18pm est) Cramer on CNBC talking about shale and horizontal drilling and rigs!!!and now talking about land rights for drilling!!!
Posted by rayraypico on :
this info is from allpennystocks
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 43969316
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 50% - Buy 50-Day Average Volume - 24606496
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 17286982
Overall Average: 88% - Buy
Price Support Pivot Point Resistance
0.0755 0.0495 0.0710 0.0925
Resistance at .0925 means we are looking at another great day tomorrow. Very easily could see 25% gains or better
Posted by imakmony2005 on :
great swing today banked $750.00 and out.
Posted by bond006 on :
Having seen his prediction that crude oil prices would reach $65 a barrel become reality, Dr. Michael Economides is making equally bold predictions about natural gas. Natural gas prices, he said Wednesday while visiting Midland to address the Permian Basin section, Society of Petroleum Engineers, will reach $20 per thousand cubic feet (Mcf) around Christmas.
Having forecast $65 oil, he said, he's now predicting $100 oil "but I'm not impressed with that. Natural gas is the real story."
Economides, professor at the Cullen College of Engineering at the University of Houston and managing partner in a petroleum engineering and strategy consulting firm, lists several reasons for his expectations of high energy prices. One is the "perfect storm" of Hurricanes Katrina and Rita. Rita's approach has, as of Wednesday afternoon, knocked out 73 percent of the Gulf of Mexico's oil production as personnel were evacuated from offshore rigs and production platforms. On Tuesday, the U.S. Minerals Management Service survey of Gulf of Mexico natural gas wells found that 3.3 percent of gas production has been shut-in as a result of Hurricane Katrina three weeks ago. There is, he said, 3.5 million cubic feet of Gulf of Mexico natural gas production off-line that likely won't be back on the markets by Christmastime.
"What's going to happen is we're going to have a huge shortfall of natural gas and around Christmas there will be a bad present for the Midwest," he observed. That comes at a time, Economides said, when the nation is transitioning from crude oil to natural gas use and domestic production is already struggling to meet rising demand. "Over the next 20 years," he said, "we will have a 25 percent increase in natural gas demand for just electric power generation. Of that, 21 percent will be for new plants and 4 percent to replace coal and nuclear plants."
That means, continued Economides, who has recently appeared on national business news programs discussing energy prices, that over that 20-year period, natural gas demand will rise another 10 trillion cubic feet -- to about 33 Tcf -- and "this means liquefied natural gas will be the only solution." Never before, he noted, has natural gas reached $12 per Mcf, as it has in the aftermath of Hurricane Katrina. But, he said, even if Katrina and, now Rita, had not stormed through the Gulf of Mexico, the energy markets had problems meeting demand.
He cites other issues impacting energy markets, both domestic and global. Domestically, tight refining capacity is a "disaster," he said, adding that "no doubt" additional refining capacity would have eased supply shortages that sent gasoline prices to $3 per gallon after Katrina damaged Gulf Coast refineries and pipelines that sent supplies to the Midwest and Northeast. Globally the United States is going to have to increasingly compete with other nations for oil and natural gas supplies. China, Economides pointed out, increased oil demand 20 percent in 2004 and will increase demand 20 percent this year. The producing members of the Organization of Petroleum Exporting Countries, despite promising this week to increase production by 2 million barrels, has no excess production capacity, he said, and tensions between the United States and major producers Iran and Venezuela could jeopardize supplies from those two countries.
Another major producing country, Russia, has regressed to what Economides called the Brezhnev era with the state takeover of Yukos, once Russia's largest oil company, and the jailing of its founder, Mikhail Khodorkovsky. That, he said, puts over 50 percent of Russia's oil production capability in government hands and "that's a serious deficiency." He chided the Bush administration for not forcefully opposing the Russian government's actions, saying the administration should be blasting Russian President Vladmir Putin. "The Bush administration was not stern with Putin, who is a bigger threat than Saddam Hussein was," Economides stated.
All these factors have combined to form what Economides called a "perfect storm -- a double Category 5 perfect storm" to drive prices higher. And next month, he predicted, oil companies will have a major public relations disaster on their hands as they begin reporting historically high third quarter profits that will be "obscene even by our obscene standards." He suggested that the major producers will have to take action, perhaps pooling large sums of money to fund research into alternative energy sources, anything to fend off calls for a new Windfall Profits Tax. There have been calls for the return of the tax, but, Economides scoffed, "it didn't work the first time, why would it work now?"
Having seen his prediction that crude oil prices would reach $65 a barrel become reality, Dr. Michael Economides is making equally bold predictions about natural gas. Natural gas prices, he said Wednesday while visiting Midland to address the Permian Basin section, Society of Petroleum Engineers, will reach $20 per thousand cubic feet (Mcf) around Christmas.
Having forecast $65 oil, he said, he's now predicting $100 oil "but I'm not impressed with that. Natural gas is the real story."
Economides, professor at the Cullen College of Engineering at the University of Houston and managing partner in a petroleum engineering and strategy consulting firm, lists several reasons for his expectations of high energy prices. One is the "perfect storm" of Hurricanes Katrina and Rita. Rita's approach has, as of Wednesday afternoon, knocked out 73 percent of the Gulf of Mexico's oil production as personnel were evacuated from offshore rigs and production platforms. On Tuesday, the U.S. Minerals Management Service survey of Gulf of Mexico natural gas wells found that 3.3 percent of gas production has been shut-in as a result of Hurricane Katrina three weeks ago. There is, he said, 3.5 million cubic feet of Gulf of Mexico natural gas production off-line that likely won't be back on the markets by Christmastime.
"What's going to happen is we're going to have a huge shortfall of natural gas and around Christmas there will be a bad present for the Midwest," he observed. That comes at a time, Economides said, when the nation is transitioning from crude oil to natural gas use and domestic production is already struggling to meet rising demand. "Over the next 20 years," he said, "we will have a 25 percent increase in natural gas demand for just electric power generation. Of that, 21 percent will be for new plants and 4 percent to replace coal and nuclear plants."
That means, continued Economides, who has recently appeared on national business news programs discussing energy prices, that over that 20-year period, natural gas demand will rise another 10 trillion cubic feet -- to about 33 Tcf -- and "this means liquefied natural gas will be the only solution." Never before, he noted, has natural gas reached $12 per Mcf, as it has in the aftermath of Hurricane Katrina. But, he said, even if Katrina and, now Rita, had not stormed through the Gulf of Mexico, the energy markets had problems meeting demand.
He cites other issues impacting energy markets, both domestic and global. Domestically, tight refining capacity is a "disaster," he said, adding that "no doubt" additional refining capacity would have eased supply shortages that sent gasoline prices to $3 per gallon after Katrina damaged Gulf Coast refineries and pipelines that sent supplies to the Midwest and Northeast. Globally the United States is going to have to increasingly compete with other nations for oil and natural gas supplies. China, Economides pointed out, increased oil demand 20 percent in 2004 and will increase demand 20 percent this year. The producing members of the Organization of Petroleum Exporting Countries, despite promising this week to increase production by 2 million barrels, has no excess production capacity, he said, and tensions between the United States and major producers Iran and Venezuela could jeopardize supplies from those two countries.
Another major producing country, Russia, has regressed to what Economides called the Brezhnev era with the state takeover of Yukos, once Russia's largest oil company, and the jailing of its founder, Mikhail Khodorkovsky. That, he said, puts over 50 percent of Russia's oil production capability in government hands and "that's a serious deficiency." He chided the Bush administration for not forcefully opposing the Russian government's actions, saying the administration should be blasting Russian President Vladmir Putin. "The Bush administration was not stern with Putin, who is a bigger threat than Saddam Hussein was," Economides stated.
All these factors have combined to form what Economides called a "perfect storm -- a double Category 5 perfect storm" to drive prices higher. And next month, he predicted, oil companies will have a major public relations disaster on their hands as they begin reporting historically high third quarter profits that will be "obscene even by our obscene standards." He suggested that the major producers will have to take action, perhaps pooling large sums of money to fund research into alternative energy sources, anything to fend off calls for a new Windfall Profits Tax. There have been calls for the return of the tax, but, Economides scoffed, "it didn't work the first time, why would it work now?"
Having seen his prediction that crude oil prices would reach $65 a barrel become reality, Dr. Michael Economides is making equally bold predictions about natural gas. Natural gas prices, he said Wednesday while visiting Midland to address the Permian Basin section, Society of Petroleum Engineers, will reach $20 per thousand cubic feet (Mcf) around Christmas.
Having forecast $65 oil, he said, he's now predicting $100 oil "but I'm not impressed with that. Natural gas is the real story."
Economides, professor at the Cullen College of Engineering at the University of Houston and managing partner in a petroleum engineering and strategy consulting firm, lists several reasons for his expectations of high energy prices. One is the "perfect storm" of Hurricanes Katrina and Rita. Rita's approach has, as of Wednesday afternoon, knocked out 73 percent of the Gulf of Mexico's oil production as personnel were evacuated from offshore rigs and production platforms. On Tuesday, the U.S. Minerals Management Service survey of Gulf of Mexico natural gas wells found that 3.3 percent of gas production has been shut-in as a result of Hurricane Katrina three weeks ago. There is, he said, 3.5 million cubic feet of Gulf of Mexico natural gas production off-line that likely won't be back on the markets by Christmastime.
"What's going to happen is we're going to have a huge shortfall of natural gas and around Christmas there will be a bad present for the Midwest," he observed. That comes at a time, Economides said, when the nation is transitioning from crude oil to natural gas use and domestic production is already struggling to meet rising demand. "Over the next 20 years," he said, "we will have a 25 percent increase in natural gas demand for just electric power generation. Of that, 21 percent will be for new plants and 4 percent to replace coal and nuclear plants."
That means, continued Economides, who has recently appeared on national business news programs discussing energy prices, that over that 20-year period, natural gas demand will rise another 10 trillion cubic feet -- to about 33 Tcf -- and "this means liquefied natural gas will be the only solution." Never before, he noted, has natural gas reached $12 per Mcf, as it has in the aftermath of Hurricane Katrina. But, he said, even if Katrina and, now Rita, had not stormed through the Gulf of Mexico, the energy markets had problems meeting demand.
He cites other issues impacting energy markets, both domestic and global. Domestically, tight refining capacity is a "disaster," he said, adding that "no doubt" additional refining capacity would have eased supply shortages that sent gasoline prices to $3 per gallon after Katrina damaged Gulf Coast refineries and pipelines that sent supplies to the Midwest and Northeast. Globally the United States is going to have to increasingly compete with other nations for oil and natural gas supplies. China, Economides pointed out, increased oil demand 20 percent in 2004 and will increase demand 20 percent this year. The producing members of the Organization of Petroleum Exporting Countries, despite promising this week to increase production by 2 million barrels, has no excess production capacity, he said, and tensions between the United States and major producers Iran and Venezuela could jeopardize supplies from those two countries.
Another major producing country, Russia, has regressed to what Economides called the Brezhnev era with the state takeover of Yukos, once Russia's largest oil company, and the jailing of its founder, Mikhail Khodorkovsky. That, he said, puts over 50 percent of Russia's oil production capability in government hands and "that's a serious deficiency." He chided the Bush administration for not forcefully opposing the Russian government's actions, saying the administration should be blasting Russian President Vladmir Putin. "The Bush administration was not stern with Putin, who is a bigger threat than Saddam Hussein was," Economides stated.
All these factors have combined to form what Economides called a "perfect storm -- a double Category 5 perfect storm" to drive prices higher. And next month, he predicted, oil companies will have a major public relations disaster on their hands as they begin reporting historically high third quarter profits that will be "obscene even by our obscene standards." He suggested that the major producers will have to take action, perhaps pooling large sums of money to fund research into alternative energy sources, anything to fend off calls for a new Windfall Profits Tax. There have been calls for the return of the tax, but, Economides scoffed, "it didn't work the first time, why would it work now?"
Having seen his prediction that crude oil prices would reach $65 a barrel become reality, Dr. Michael Economides is making equally bold predictions about natural gas. Natural gas prices, he said Wednesday while visiting Midland to address the Permian Basin section, Society of Petroleum Engineers, will reach $20 per thousand cubic feet (Mcf) around Christmas.
Having forecast $65 oil, he said, he's now predicting $100 oil "but I'm not impressed with that. Natural gas is the real story."
Economides, professor at the Cullen College of Engineering at the University of Houston and managing partner in a petroleum engineering and strategy consulting firm, lists several reasons for his expectations of high energy prices. One is the "perfect storm" of Hurricanes Katrina and Rita. Rita's approach has, as of Wednesday afternoon, knocked out 73 percent of the Gulf of Mexico's oil production as personnel were evacuated from offshore rigs and production platforms. On Tuesday, the U.S. Minerals Management Service survey of Gulf of Mexico natural gas wells found that 3.3 percent of gas production has been shut-in as a result of Hurricane Katrina three weeks ago. There is, he said, 3.5 million cubic feet of Gulf of Mexico natural gas production off-line that likely won't be back on the markets by Christmastime.
"What's going to happen is we're going to have a huge shortfall of natural gas and around Christmas there will be a bad present for the Midwest," he observed. That comes at a time, Economides said, when the nation is transitioning from crude oil to natural gas use and domestic production is already struggling to meet rising demand. "Over the next 20 years," he said, "we will have a 25 percent increase in natural gas demand for just electric power generation. Of that, 21 percent will be for new plants and 4 percent to replace coal and nuclear plants."
That means, continued Economides, who has recently appeared on national business news programs discussing energy prices, that over that 20-year period, natural gas demand will rise another 10 trillion cubic feet -- to about 33 Tcf -- and "this means liquefied natural gas will be the only solution." Never before, he noted, has natural gas reached $12 per Mcf, as it has in the aftermath of Hurricane Katrina. But, he said, even if Katrina and, now Rita, had not stormed through the Gulf of Mexico, the energy markets had problems meeting demand.
He cites other issues impacting energy markets, both domestic and global. Domestically, tight refining capacity is a "disaster," he said, adding that "no doubt" additional refining capacity would have eased supply shortages that sent gasoline prices to $3 per gallon after Katrina damaged Gulf Coast refineries and pipelines that sent supplies to the Midwest and Northeast. Globally the United States is going to have to increasingly compete with other nations for oil and natural gas supplies. China, Economides pointed out, increased oil demand 20 percent in 2004 and will increase demand 20 percent this year. The producing members of the Organization of Petroleum Exporting Countries, despite promising this week to increase production by 2 million barrels, has no excess production capacity, he said, and tensions between the United States and major producers Iran and Venezuela could jeopardize supplies from those two countries.
Another major producing country, Russia, has regressed to what Economides called the Brezhnev era with the state takeover of Yukos, once Russia's largest oil company, and the jailing of its founder, Mikhail Khodorkovsky. That, he said, puts over 50 percent of Russia's oil production capability in government hands and "that's a serious deficiency." He chided the Bush administration for not forcefully opposing the Russian government's actions, saying the administration should be blasting Russian President Vladmir Putin. "The Bush administration was not stern with Putin, who is a bigger threat than Saddam Hussein was," Economides stated.
All these factors have combined to form what Economides called a "perfect storm -- a double Category 5 perfect storm" to drive prices higher. And next month, he predicted, oil companies will have a major public relations disaster on their hands as they begin reporting historically high third quarter profits that will be "obscene even by our obscene standards." He suggested that the major producers will have to take action, perhaps pooling large sums of money to fund research into alternative energy sources, anything to fend off calls for a new Windfall Profits Tax. There have been calls for the return of the tax, but, Economides scoffed, "it didn't work the first time, why would it work now?"
Having seen his prediction that crude oil prices would reach $65 a barrel become reality, Dr. Michael Economides is making equally bold predictions about natural gas. Natural gas prices, he said Wednesday while visiting Midland to address the Permian Basin section, Society of Petroleum Engineers, will reach $20 per thousand cubic feet (Mcf) around Christmas.
Having forecast $65 oil, he said, he's now predicting $100 oil "but I'm not impressed with that. Natural gas is the real story."
Economides, professor at the Cullen College of Engineering at the University of Houston and managing partner in a petroleum engineering and strategy consulting firm, lists several reasons for his expectations of high energy prices. One is the "perfect storm" of Hurricanes Katrina and Rita. Rita's approach has, as of Wednesday afternoon, knocked out 73 percent of the Gulf of Mexico's oil production as personnel were evacuated from offshore rigs and production platforms. On Tuesday, the U.S. Minerals Management Service survey of Gulf of Mexico natural gas wells found that 3.3 percent of gas production has been shut-in as a result of Hurricane Katrina three weeks ago. There is, he said, 3.5 million cubic feet of Gulf of Mexico natural gas production off-line that likely won't be back on the markets by Christmastime.
"What's going to happen is we're going to have a huge shortfall of natural gas and around Christmas there will be a bad present for the Midwest," he observed. That comes at a time, Economides said, when the nation is transitioning from crude oil to natural gas use and domestic production is already struggling to meet rising demand. "Over the next 20 years," he said, "we will have a 25 percent increase in natural gas demand for just electric power generation. Of that, 21 percent will be for new plants and 4 percent to replace coal and nuclear plants."
That means, continued Economides, who has recently appeared on national business news programs discussing energy prices, that over that 20-year period, natural gas demand will rise another 10 trillion cubic feet -- to about 33 Tcf -- and "this means liquefied natural gas will be the only solution." Never before, he noted, has natural gas reached $12 per Mcf, as it has in the aftermath of Hurricane Katrina. But, he said, even if Katrina and, now Rita, had not stormed through the Gulf of Mexico, the energy markets had problems meeting demand.
He cites other issues impacting energy markets, both domestic and global. Domestically, tight refining capacity is a "disaster," he said, adding that "no doubt" additional refining capacity would have eased supply shortages that sent gasoline prices to $3 per gallon after Katrina damaged Gulf Coast refineries and pipelines that sent supplies to the Midwest and Northeast. Globally the United States is going to have to increasingly compete with other nations for oil and natural gas supplies. China, Economides pointed out, increased oil demand 20 percent in 2004 and will increase demand 20 percent this year. The producing members of the Organization of Petroleum Exporting Countries, despite promising this week to increase production by 2 million barrels, has no excess production capacity, he said, and tensions between the United States and major producers Iran and Venezuela could jeopardize supplies from those two countries.
Another major producing country, Russia, has regressed to what Economides called the Brezhnev era with the state takeover of Yukos, once Russia's largest oil company, and the jailing of its founder, Mikhail Khodorkovsky. That, he said, puts over 50 percent of Russia's oil production capability in government hands and "that's a serious deficiency." He chided the Bush administration for not forcefully opposing the Russian government's actions, saying the administration should be blasting Russian President Vladmir Putin. "The Bush administration was not stern with Putin, who is a bigger threat than Saddam Hussein was," Economides stated.
All these factors have combined to form what Economides called a "perfect storm -- a double Category 5 perfect storm" to drive prices higher. And next month, he predicted, oil companies will have a major public relations disaster on their hands as they begin reporting historically high third quarter profits that will be "obscene even by our obscene standards." He suggested that the major producers will have to take action, perhaps pooling large sums of money to fund research into alternative energy sources, anything to fend off calls for a new Windfall Profits Tax. There have been calls for the return of the tax, but, Economides scoffed, "it didn't work the first time, why would it work now?"
you think tommorow will be a good play?
Posted by QuestSolver on :
yes....and for the rest of winter imo,AMEP has just stepped up to the plate.
Posted by QuestSolver on :
I think 20 Mcf will be hit long before Christmas,and thats scary imo.
BTW good morning all!
Posted by nattty04 on :
Well Good Morning, another bright and early one for me. Oh yeah, I see the possibility of $20 by early to mid november, ESPECIALLY if another one or two hurricanes hit. And one I know is coming from Africa, well dont know BUT looks as if it will be big.
Posted by QuestSolver on :
CNBC est right now claiming N gas is even far worse then expected,talking about the Henry Hub still down and absolutely no N gas being produced and gets worse everyday and we are now confirmed that there is a very short supply and virtually zero reserves.
Posted by mbmaid on :
PAPO could be another AMEP...could see good action in the coming days.
Posted by QuestSolver on :
problem with PAPO is that right now in the gulf (where they are)even the major companies are down and the small companies don't have the resources like Exxon,BP,etc...
CNBC est right now claiming N gas is even far worse then expected,talking about the Henry Hub still down and absolutely no N gas being produced and gets worse everyday and we are now confirmed that there is a very short supply and virtually zero reserves. Posted by QuestSolver on :
CNBC est right now claiming N gas is even far worse then expected,talking about the Henry Hub still down and absolutely no N gas being produced and gets worse everyday and we are now confirmed that there is a very short supply and virtually zero reserves.
American Energy Production, Inc. engages in the acquisition, development, production, exploration for, and the sale of oil and gas in the United States. The company, through its subsidiary, Bend Arch Petroleum, Inc., holds 1116 acres in Pinto, Texas, and also a 50% interest in 400 acres in Parker County, which includes five producing natural gas wells, as well as natural gas pipeline.
This does not include the Barnett zone which is the largest and going to be the most active.
Posted by nattty04 on :
So, a dip early, then a rise? Or a dip back up a little bit then another dip for dt exits...hmmm...We will see. I was really wanting to see like .085 today, w will see. Cant hold anything on this stock anymore, lol.
Posted by nattty04 on :
.0755x.076
Posted by QuestSolver on :
PM volume already? thought maybe a gap down today but now I see otherwise.
Posted by nattty04 on :
Yeah, that was the same thing i was thinking but 50k buy already.
Posted by nattty04 on :
Well, no dip i guess, maybe in about 45 minutes? Hopefully PR!!lol, wishful thinking, that would make this friday a truly Good Friday.
Posted by QuestSolver on :
WOW...look at the open volume.....somethings pushing this hard.
Posted by nattty04 on :
Yup, lol. Very good volume. Getting a great base at .076. This could be flying today, we will see. 4 million in first 10 minutes
Posted by QuestSolver on :
look at the low percentage dips now,hell I remeber 15% dips and now we are lucky to get 3%! Same trading pattern as yesterday imo,slowly walking it up.
Posted by QuestSolver on :
"On Wednesday the US Energy Department forecast that US household expenditures on natural gas would be 71 per cent higher than last winter. Before Katrina, households using natural gas for heating were already forecast to pay about 18 per cent more this coming winter."
That big increase from the hurricane
Posted by QuestSolver on :
trading just like yesterday except more early volume now,if this blast off like yesterday based on percentage comparison we could break .09's
Posted by QuestSolver on :
B/A matched up again!!! and new HOD...these guys want all the shares and are willing to pay for them!
Posted by nattty04 on :
Yeah they do, they know exactly whats going on. .09, hmmm...Will be close defintiely mid 8's
Posted by nattty04 on :
.0779x.078 They trying to get every last bit! lol
Posted by nattty04 on :
Uh oh, do i hear .08. Oh just let me see it..woo hoo
Posted by kywee on :
there it is
Posted by QuestSolver on :
the cherry has been popped...now onto .10 easy imo,almost zero resistance so you flippers may want to get ready!
Posted by Persia on :
Funny. The colder it gets, the higher AMEP goes. Can't wait for November and December...
Posted by nattty04 on :
Ummm....okay so, what is going on?? lol
Posted by kywee on :
we have to have a pullback to fill up or ill be surprised. im saying by eod
Posted by mmalone on :
Wow, now we're moving
Posted by Persia on :
84!
Posted by farmgirl on :
I just saw .085
Posted by mmalone on :
Yea, definately hit 085 cuz i refreshed my portfolio there Posted by HossTrader on :
Man, I can use this after this week LOL
Posted by HossTrader on :
How are the L2's looking?
Posted by nattty04 on :
.0825x.0828
And this will dip back to .078-.079 in about an hour and a half or at EOD
Posted by HossTrader on :
Thanks!
Posted by johnny14511 on :
hey does anybody think this stock is going to change over the weekendd?
Posted by mmalone on :
nattty: what makes you so sure it'll dip back to 078?
Posted by nattty04 on :
If they strike oil, sure..lol...Well, next week i believe is the last week until the PR was supposed to come out. So, STOCK UP today. You wont be upset!
Posted by QuestSolver on :
I don't want to sound rude or ignorant but imo if anyone sells this and stays out over the weekend they are making a massive financial mistake...DT's heed this and make a lot more $$$$$ next week if you intend to flip.
AMEP has the number 2 spot for number of trades on the OTCBB so far today. Number 1 yesterday. Everyone and their brother's sister's uncle's nephew's aunts are in on this otcbb..
I don't know nattty...07's may be gone imo and if it does dip I doubt the MMs let any get filled,past 3 testers of mine above the ask and never even touched them.
Posted by nattty04 on :
By judging on how it has been every time it has increased over .01 it has dropped back. But it may not and if it doesnt im not complaining. Im just saying what the norm has been on it, but then again it could explode and go to .09 today and bam. So who knows.
Posted by mmalone on :
True, if it follows its normal pattern. But the last couple days have been anything but ordinary . We'll see, you could be right.
Posted by QuestSolver on :
LOL...yeah nattty this one has been changing dip patterns to,noticed yesterday when it dipped to .058 and bounced into .0795 it never hot the .05's again,this could be the same except with the .07's as the low.
Posted by nattty04 on :
Heres what is crazy. There has been no PR at all. We were saying the whole .2 by December but now it is looking like .02 by November and just get this. They are going to have the 10-Q out November 15th and I do not think .5 is unreasonable at all by Christmas. WHO WANTS TO TAKE A TRIP TO HAWAII WITH ME????
Posted by HossTrader on :
on the way back up
Posted by mmalone on :
Yea, the new 10Q should be interesting. Hopefully there will be some good news in there for us. A profitable quarter would be awesome.
Posted by QuestSolver on :
new HOD
Posted by nattty04 on :
WOW there are only 2 MM's below .089 on the ask this is crazy, i got a feeling we are bout to see a HUGE jump holy moly, lol
Posted by mmalone on :
Very little resistance to 0.09
Posted by nattty04 on :
Yeah no resistance almost, lol. What a day!
Posted by QuestSolver on :
according to the America Oil Groups' CEO they(AMEP) intend on being profitable before year end and with even using the low production numbers from the last 10-q but use todays ONG prices you can see that will be done!
Posted by Akira_Lapin on :
Check this out. I'm just re-posting it, 3rd hand from rbulls and ihub.
NEWS===NEWS===NEWS====== ARE YOU READY.....RIG IS UP AND MECHANIC IS GOING OVER THE RIG THIS WEEK.TO CHECK EVERYTHING OUT.JOE TOLD ME THAT THEY THOUGHT THEY WERE GOING TO HAVE TO PAINT THE RIG, BUT AFTER CLEANING THE DIRT OFF THE PAINT IS STILL NEW/////REMEMBER THIS RIG WAS USED ONLY 10 TIMES TO DIG WATER WELLS.....NECESSARY TO CK OUT THE SEALS FOR LEAKING OR DRY ROT BUT OVERALL THE RIG IS IN PERFECT SHAPE///...FIRST HOLE GOING DOWN ABOUT 2 WEEKS...100% AMEP...2ND WELL 100% AMEP......SO GET READY FOR STOCK TO ROCKET////////....FOR U DAYTRADERS.......SEE YA...YOU WONT BE ABLE TO BUY BACK IN FOR WHAT U SELL FOR.....IF YOUR SMART,HOLD LONG AND TELL ALL YOUR FRIENDS....2-5 YEARS YOU WILL BE RETIRED......THINK YOU CAN HANDLE THAT ???????????? AMEP LONG...VIPER
Posted by nattty04 on :
Been getting some pretty good buys. Got, as quest said, a whole new set of buyers. Market has been open for 1 hour and 20 minutes and we are at 21 million vol. Not to bad.
Posted by mmalone on :
Looks like MMs are trying to hold below 0.09, building a pretty good base tho
Posted by J3 on :
Has anyone noticed that this stock seems to always have trouble breaking the next penny. I was going up and it stopped at .089 Yesterday it when to .079 and then started to dip. I think this pattern has repeated several times before as well.
Posted by Persia on :
Yes and the day after it breaks the next penny way to easy. It's bulldozer... Posted by Akira_Lapin on :
We have 7 MMs lined up, waiting for us at .09.
This will be the battle all day long.
Posted by HossTrader on :
As long as it keeps repeating the "going up" part!
Posted by Akira_Lapin on :
Here we go ...
Posted by J3 on :
Akria,
I don't know that this is that big of a rumor. We all knew that the rig was supposed to be up and running soon. I don't seen how this could explain todays price increase given that the pps has been on an up trend for about three weeks.
Posted by bond006 on :
i saw that post on the drill rig about 2 days ago on investors hub i could not find any dd to back it up i hope it is true glta
Posted by mmalone on :
Hah! did anybody else see that? A trade went through at 0.080 and dozens of stop loss orders must have been triggered because a lot of shares were sold immediately afterwards...
Posted by QuestSolver on :
11:34am EST CNBC "its going to be a severe challenge to continue into the winter season for natural gas supplies and production"
Posted by Persia on :
And it's going to be a severe challenge into the winter to keep AMEP down.
Posted by QuestSolver on :
LOL...yeah AMEP may be the biggest challenge.
as for the previous post about the rumor on IHUB,I personally can verify its authenticity,I posted conversations with the CEO of America Oil Group and he stated pretty much all the same info.
if anyone questions this please go to the AMEP website and hit the contact link and leave your phone number,you will get a call within 48 hours.
Posted by kywee on :
heres our dip
Posted by QuestSolver on :
is this finally the lunchtime dip? looks like its bouncing back already!
Posted by Akira_Lapin on :
Nice support being built here in the low .08s.
Posted by QuestSolver on :
I cannot believe how quickly support has been set at higher levels all this week.It actually is looking like .0815 is support so far!
Posted by QuestSolver on :
I am watching the big board reports and here is what I see..this is the last trading day of Q3 and many are selling off ONG and NG for closing profits...big surprise for them,this is a typical response for quarter actions,as they sell they are getting bought up higher,when this happens it creates a completely new buy sell cycle which is pretty much already set in stone before close now,new blood is in higher and won't think of selling ONG and NG for a loss which BTW is increasing after the small decline caused by the sell of and is now at a new HOD for NG and well into the greens! This is going to be great for AMEP and all other good ONG and NG stocks!
Posted by Slippery Wing on :
OK, in on the dip. Now lets go back up!
Posted by QuestSolver on :
looking outstanding thru lunch so far.
Posted by QuestSolver on :
watching the big boards I believe the DT exits will be minimal or at best absorbed quick like the profit takers of the ONG and NG right now and I believe we will close within 2% of HOD on an EOD rally.
lets watch and see and I know I damn sure don't want to be empty handed of AMEP after the bell today.
Posted by farmgirl on :
.0889 I believe we will see .09 today
Posted by Chadsly on :
I'm not in AMEP, but I believe from an outsider's perspective you will see above .09.
Posted by QuestSolver on :
.09 very soon imo
Posted by J3 on :
I hope to see a .09; however, in the past this stock always hangs right before the next penny. Yesterday, it kept teasing .08. It would get up to .079 and then dip back down. Then it would do the same thing again.
Posted by Chadsly on :
Again, I'll be optimist and say you'll see .10 by close.
Posted by mmalone on :
0.09
Posted by J3 on :
Whoo Hooo! we got .09! It's good to be wrong!
Posted by buckstalker on :
J3...that is perfectly normal for a stock to stall before breaking the next level...and we have .09!!!
Posted by Chadsly on :
quote:Originally posted by Chadsly: Again, I'll be optimist and say you'll see .10 by close.
I'm telling ya, 10 cents.
Posted by QuestSolver on :
I'll have to get ready to start another thread for .10 an above I believe,that 440k buy just now tells me institutional buying is in now imo.
Posted by johnny14511 on :
are any of you guys going to try and sell at highs today and buy again monday at lows
Posted by Chadsly on :
quote:Originally posted by johnny14511: are any of you guys going to try and sell at highs today and buy again monday at lows
.09 is the low. .10 coming soon.
Posted by Chadsly on :
.092 X .093 now
Posted by J3 on :
Johnny, It's been going up for about 3 weeks. I've thought about trying to flip it, but it's been hard to predict what kind of dips we'll get. So I think I'm going to hold on tight for now.
Posted by johnny14511 on :
WE SHOULDNT SELL.
BUT IF IT GOES DOWN A LITTLE DIP SHOULD BUY MORE
Posted by one2watchny on :
Congrats to all those in this for past 2-3 weeks...wish I got in, had $$tied up elswhere
will wait for a p/b to get in and if it doesn't then oh well money in the back for you guys GLTA.
Posted by ilikemoney on :
hell no don't sell...I'm glad to make some $$$$ for a change...hold long & strong!!!
Posted by ThehourofTaber on :
I'm out of money!!! I wish I had more this is a huge play. My average is .04 all my funds are tied up in this or a few others. Good Luck to all.
Posted by kywee on :
what a stock. im assuming we will have a pullback to fill in the space
Posted by QuestSolver on :
don't expect much of a high percentage retrace imo.
Posted by ThehourofTaber on :
Hey quest when do you plan to sell some of your free shares? Do you have a goal .14, .18., .20???
Posted by JL on :
Im all out .097. That was nice healthy 95% gain for a few days. Wowowowoowoww. Managed a few daytrades in there too on smaller amt.
Posted by Chadsly on :
quote:Originally posted by kywee: what a stock. im assuming we will have a pullback to fill in the space
They've already filled. This will continue to climb into the weekend.
Posted by QuestSolver on :
told ya almost no resistance to .12 and very little there,if this is institutional entries then it will not matter,all walls will drop for many many nickels up.(yeah nickels not pennies)
Posted by kywee on :
even better. we will see. im 710% up
Posted by kywee on :
are you saying we will be ticking nickels and not .0001?
Posted by QuestSolver on :
thehouroftaber--partial at .20 to .25,I am so deep into profit(real gains) now I could hold this forever and not lose any sleep,my primary target is at .50 and $1.00 but subject to be raised accordingly.(been getting hammered by some of my ole school traders claiming my targets are to low)
Posted by ya ya on :
wish i didn't sell *.01 GLTA
Posted by ThehourofTaber on :
Thanks quest I'm selling partial at .16, and for the rest I'm with you to .50-1.00. I just wanted your input. I appreciate it.
Posted by mmalone on :
You really think institutional investors are putting money into a company with a market cap of less than $30 million? I'm not second guessing you, just wondering how much sense it would make given how little they could put in as a percentage of their total assets...
Posted by Chadsly on :
.10 is coming this time. May hit .11 today.
Posted by johnny14511 on :
I WANT TO HAVE THE MONEY FROM CWMF HERE......
CWMF IS PISSING ME OFF.......BUT THEY WAIT WILL BE WORTHWILE
Posted by QuestSolver on :
mmalone...yes its quite possible...have you played BIPH before? I started at .09 and it went to $3.60 on heavy institutional buying in the med sector,AMEP is one in the hottest sector on earth right now,energy and even moreso ONG and NG and already has real production of a product that has completely stopped in the gulf.
Posted by QuestSolver on :
.10? soon or what? flipping all the way up it appears!
Posted by ya ya on :
I wish i never left here,but i sold and bought CWMF.I am walking around with a big L on my forehead
Posted by Chadsly on :
quote:Originally posted by ya ya: I wish i never left here,but i sold and bought CWMF.I am walking around with a big L on my forehead
LOL. We all do it sometimes.
BTW. I don't own any AMEP ($ problems), I'm just here as a observer.
Posted by TampaInvester on :
yeah I sold 2 of my other duds and bought more amep at 0.097
Posted by Chadsly on :
last change under .10 (unless it retraces at all).
Posted by kywee on :
almost
Posted by Chadsly on :
MMs stink.
Posted by TampaInvester on :
this is funny it stuck at 0.0999 for a while and did not want to break the 0.01 barrier..hmm
Posted by QuestSolver on :
yaya....next week this should be near .20...this entry now should get you an easy double near term.
Posted by QuestSolver on :
before close many may be able to by mid .09's imo.We should break .10 by close but if not...once again who cares? everyday this week has been great and 2 steps up and 1 step back is the only way to go and still sleep at night.
Posted by Chadsly on :
TRAC and VIEW only on the bid.
Posted by kywee on :
heres our fillup that was needed to be stable
Posted by johnny14511 on :
do you think .0999 is going to be todays high ?
Posted by TampaInvester on :
this still has enough legs for a EOD run..let it stabalize for a while
Posted by Superbee383 on :
quote:Originally posted by TampaInvester: this is funny it stuck at 0.0999 for a while and did not want to break the 0.01 barrier..hmm
Perish that thought!! Make that the .10 barrier!!
Posted by TampaInvester on :
quote:Originally posted by Superbee383:
quote:Originally posted by TampaInvester: this is funny it stuck at 0.0999 for a while and did not want to break the 0.01 barrier..hmm
Perish that thought!! Make that the .10 barrier!!
ooops yes 0.1
Posted by mbmaid on :
PAPO--the next AMEP. Starting to move on its way to the sky!!!
Posted by johnny14511 on :
papo dosent have any good volume
any good news out
Posted by mbmaid on :
It will have volume...keep an eye on it today into Monday.
Posted by QuestSolver on :
movin on ten again into close.
Posted by Slippery Wing on :
It's dime time! I like what I'm seeing in this one!
Posted by QuestSolver on :
PAPO is in the gulf and even the big boys are down and not producing and this could be a problem for a smalltime company.
Posted by QuestSolver on :
off an on exits and entries from here over the next 20 minutes or so,I still expect one final new HOD and you all know what that is already.
Posted by QuestSolver on :
the bottom line is this stock right now is worth .21 to .25 a share period,this figure does not include any real production numbers or even projected numbers,all based on current assetts.Looks like the new base may be at .0949 or so.
Posted by QuestSolver on :
looking for a final shake out before the weekend,don't fall for it.
Posted by kywee on :
what a shake
Posted by QuestSolver on :
if your buying try at .091 to .092!!if they give them to ya!
Posted by QuestSolver on :
have a 6k tester at .092 and not even touched! they are faking many out now and not giving up any shares!
Posted by kywee on :
that was short lived
Posted by buckstalker on :
I've got a test buy in at .094 wouldn't touch it
Posted by ThehourofTaber on :
Back to .096...
Posted by QuestSolver on :
3:33pm 09/30/05
Natural-gas futures up 80%, crude up 13% for the quarter By Myra P. Saefong SAN FRANCISCO (MarketWatch) -- Natural-gas futures fell Friday but tallied a whopping 80% gain for the quarter, while crude prices climbed almost 13% and unleaded gasoline was up 44% in three months. Traders have been closely monitoring updates on U.S. refining capacity in the Gulf of Mexico and the state of the nation's petroleum supplies. November natural gas closed at $13.921 per million British thermal units, down 1.9% for the day. It was up 19.4% for the month. November crude finished at $66.24 a barrel, down 55 cents for the day, down 4.6% for the month. October unleaded gas ended at $2.138 a gallon, down 5% Friday and for the month.
Posted by kywee on :
have a good weekend
Posted by QuestSolver on :
great day all!! have a safe weekend!! over .10 at open Monday!
Posted by ThehourofTaber on :
See you all Monday!
Posted by QuestSolver on :
don't be to surprised to see us touch .20 by next Friday...anyone else watching the CNBC reports?
Posted by Slippery Wing on :
Nope, been out of the office for the last hour. What do you have on CNBC?
Posted by needfastmoney on :
i heard it will leave penny land. not sure if its next week but thats what im hearing. get in get in get in
Posted by kywee on :
this bothers me that David would relate EYII to AMEP.
it wouldnt bother me if he actually told the people that AMEP is going up because of NG and OIL.
i tried to register and post there and tell them, but it wasnt working
Posted by QuestSolver on :
kywee...LOL,he obviously does not have a clue!! I cannot believe how he made a major financial mistake like that.I just registered to deal with that foolishness.
Posted by llatffej on :
i want to get in on this stock but have never bought any stock before , where should i go and what will i pay in fees to aquire this stock?
Posted by nattty04 on :
Hey, what board will we be heading to Monday so I wont be left out? Cuz once it gets past .1 we out of here, just post link.
Posted by QuestSolver on :
nattty...LOL I guess we will start a thread on the free for all board by 10am Monday hopefully...
llatffej....I personally like Etrade above all and if your just joining you can start with an "over the phone" check and your first 30 trades are free now I believe.
Posted by needfastmoney on :
scottrade is the best there is no maintenance or inactivity fees etrade charges you $40 if u dont use for 3mths all others do the same but fees are more...
Posted by QuestSolver on :
For all the energy players out here, I would recommend watching the weather channels for the next 60 day predictions and estimates and thats not the worse part,keep an eye on any news or weather channel thats speaking of the Earth cycle we are now in,I know I spoke of this before and others probably already know about it but heres the jist of it. The Earth is now in year two of a cycle that will last at least eight years that mainly affects the northern hemisphere,some scientist predict it to last up to 25 years.The cycle causes this....an increase in severe weather conditions that will directly effect parts of Mexico,all of the U.S. and all of the islands and most of Canada.They predict that hurricanes will be much larger and more powerful,they predict severe winters with more snow and ice and moving even farther into the southern states of the U.S. and the mid atlantic regions will have far more blizzards and increase in the following years.This cycle has nothing to do with global warming or any issues caused by human interventions such as pollutants,this is a natural global cycle that occurs on smaller levels every 30 to 45 years but also more severly every 200 plus years approximately and now scientist believe that this is the start of the long cycle that comes every 200 plus years.For you science buff's out there could you please help me with some links to support these claims that have spontaniously hit the info channels over this year and some last year.
I think we are in just the beginning of some major events for fossil fuels and since we are at least ten years behind in alternative fuels we will all be stuck with oil/gas and natural gas for quite a while.
Posted by QuestSolver on :
heres the version with supporting links.
For all the energy players out here, I would recommend watching the weather channels for the next 60 day predictions and estimates and thats not the worse part,keep an eye on any news or weather channel thats speaking of the Earth cycle we are now in,I know I spoke of this before and others probably already know about it but heres the jist of it. The Earth is now in year two of a cycle that will last at least eight years that mainly affects the northern hemisphere,some scientist predict it to last up to 25 years.The cycle causes this....an increase in severe weather conditions that will directly effect parts of Mexico,all of the U.S. and all of the islands and most of Canada.They predict that hurricanes will be much larger and more powerful,they predict severe winters with more snow and ice and moving even farther into the southern states of the U.S. and the mid atlantic regions will have far more blizzards and increase in the following years.This cycle has nothing to do with global warming or any issues caused by human interventions such as pollutants,this is a natural global cycle that occurs on smaller levels every 30 to 45 years but also more severly every 200 plus years approximately and now scientist believe that this is the start of the long cycle that comes every 200 plus years.For you science buff's out there could you please help me with some more links to support these claims that have spontaniously hit the info channels over this year and some last year.
Weather cycle systems used in the past as well as 6804 include 355-days, 6726 lunar days(19 years), 10976 lunar days(31 yr+2days), 21952 lunar days(62 years+5 days), 26555 lunar days(75 years+5 days), and 47097 lunar days(133 years + 10 days). Some have ancient names like the Metonic, the Saros and the Selene. One very good all-purpose cycle is 186 years+14 days, but rain records are not available in NZ and Australia over that length of time. Very often the movements of the inner faster-moving planets, like Mercury, Venus and Mars impact on the situation as well. But it is statistically fairly certain that when moon cycles coincide again in a similar orbital combination, extreme weather will often be seen to repeat, depending on which cycle is the operative one for that particular weather pattern.
I think we are in just the beginning of some major events for fossil fuels and since we are at least ten years behind in alternative fuels we will all be stuck with oil/gas and natural gas for quite a while.
Posted by bond006 on :
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quest i meant that he cant relate eyii to amep because amep was not a chart play
Posted by QuestSolver on :
kywee.....ya know...I have yet to find any single trader experienced or not that could ever accurately chart an OTCbb stock under a dime,the reason is that most OTC's uder .10 simply are far to unpredictable and respond off PR's or no news at all,they jump due to buying clubs or collapse due to impatience.The best way to buy is more off other factors,i.e. sector,financials, production, etc...and you cannot chart a lot of unforseen outside influences which directly play into the pennies.As for the big boards its seems the charter do well with the NYSE and AMEX but even the NAS has some issues like the OTC's.
all in my opinion of course and any of you chart readers can put me in my place if you like.
LOL Q
Posted by QuestSolver on :
October 1, 2005 American Energy Production: Short Squeeze of the Year
American Energy Production Inc. (OTC: AMEP) is a prime example of a major short squeeze in progresss. On February 22, 2005, the company's shares hit a long term base when company management discontinued the Form 2-E offering which disclosed that the company received $1,820,000 of proceeds from the offering through the sale of 171,000,000 million shares. With an increase in outstanding shares to near 306,171,168 million, the company's shares took a dive to the sub-penny level, but finally bottomed out because the company was seeking alternative financing that was less dilutive. Eventually, good news about the company started to come out, including the most recent in which American Energy's subsidiary, Production Resources Inc. posted significant oil production increases on twelve test wells by as much as 500% for the month of August. Coupled with massive volume, the shares took a massive swing north in the month of September. It seems obvious to many traders that someone had aggressively shorted the stock, believing that it was just another dilutive penny stock scam. But with good news and volume, those same market makers who had shorted the stock were now climbing the bid to cover their shares.
posted by Ant & Sons * 10/01/2005 10:54:00 AM 0 comments
Posted by Slippery Wing on :
AMEP DD #4 ...for New Eyes:(#4 of 5) DD re EST AMEP REVENUES based on WELL SPACING, and also est revenues when all the leases are developed by Wholly owned Bend Arch, OAG, and PRI.
I talked to the CEO recently about the spacing on the horizontals, which typically produce about three or four times the amount of a vertical in the Barnett Shale. He said it would not be 40, more likely 80 or 160. I am figuring on the conservative figure of 160, which will make this stock valued in dollars, not pennies, after the 7,000 is covered with horizontals at 160 acre well spacing. I am also figuring 2 wells(5%) down at all times for servicing, and re-fracing to return the production back to near the original volume, per numerous DD sources.
A spacing of 160 acres, yields 43 wells less 2 wells for servicing for a total of 41 full time producers. I am figuring $2M gross per well at a VERY CONSERVATIVE $9 for NG ($14 now), $55 oil ($66 now). That gives a figure of $82M annual gross revenues from the Bend Arch leases alone when developed (on the conservative figure). ----------------------- That does not count gross revenues from the 193 PRI existing well project, which will be substantial when the project is completed, and that should not take all that long now that the technique has been established, because drilling is not involved. I am estimating that 154 of the 193 wells will be producers, as one in five wells will be used to enter the HOA-800 treatment into the formation. I am figuring 7 wells (+5%) will be down at a time for servicing, leaving an average of 147 wells producing at any time. The recent announcement, is that the HOA-800 treatment has been achieving as much as a 500% increase in the oil production from the 12 well test as of August. It looks like CB will achieve his quest to bring AMEP to profitability with the help of PRI now that the program is finally going to be expanded to the existing 193 wells and working pumps program ...and fast, as no drilling is required. This announcement finally gives us data to make some meaningful projections. Figures based on current well production spread over 12 wells gives sufficient average data for making estimated projections based on 12 well producing 987 barrels in 31 days. The average is 2.65 barrels per day, per well. Now the program will expand to another 25 wells in the next 45 days. That will be a little better than a +200% increase in PRI wells in production in just 45 days. In 45 days the total HOA-800 treated wells will be 37. That gives 37 wells X 2.65 barrels X 30 days X $60 per barrel(what PRI got on last load) = 2,941 bbl X $60 = $176,460 per month from RPI only. That would be $529,380 gross revenues per next Quarter from wholly owned PRI ONLY, for 37 of the 193 well program. Note; one in 5 wells are used to inject the HOA-800 treatment. Figure a max of 154 producers. Est Gross Revenues from PRI when field is completely treated:
Like I calculated, PRI has a net of approximately 154 producing wells of the 193 total, when the entire field has been treated. As one in five is used to inject the treatment.
154 wells X 2.65 barrels per day = 408 barrels per day PRI 408 barrels per day X 30 days = 12,240 bbl per Month. 12,240 X $55 (conservative) = $673,200 per month PRI $673,200 X 3 Months = $2,019,600 per Quarter PRI (ONLY!) $2,019,600 X 4 Quarters = $8,078,400 Annual gross Rev
That is over $8,000,000 from PRI only. This MC and SP is so undervalued, the hard figures say so. Profitability for AMEP is approaching fast.
Wholly owned Bend Arch will do even better, ...the NASH 1-c was not in the last Q.
AMEP longs, IMO the dynamics have really changed at AMEP with the big Ideco Rig acquisition, .....and now the 193 existing well PRI program will spread until the entire field has been treated. That is big news for Q increases in sales of Oil and NG. -------------snip------yesterday's good news------ Production Resources, Inc. posted significant oil production increases after several months of testing various procedures utilizing AMEP HOA 800. PRI discovered a method of well treatment that combines the utilization of heat along with AMEP HOA-800 in a chemical process that has returned positive results. PRI has increased oil production from the Olmos formation on the 12 test wells by as much as 500% for the month of August. Plans are being implemented to expand the testing area to an additional 25 oil wells in the next 45 days. In august PRI produced 987 barrels of oil at gross sales of approximately $55,000.00 Charles Bitters, President of American Energy Production, Inc. stated, "This is the best month for oil production and revenues that PRI has done since AMEP bought the Company. PRI has been working extremely hard on achieving the desired results with AMEP HOA-800 and now believe its time to start expanding this treatment program. There is still room for improvement, but I believe PRI can now benefit because of current record high oil prices and increased production rates from the Olmos heavy oil sand field. This oil field is very difficult to produce because of the tight sand and the compaction of the heavy oil in the sand; still these are very exciting results."
Management cannot discuss the details and/or formulations being used with AMEP HOA- 800, but PRI believes the heat treatment once perfected can possibly be sold to other oil operators. The Company will keep investors informed of the expanded test results. ------------------------------- snip---
THEREFORE in conclusion on TOTAL est O&NG gross revenues:
My estimated total gross revenues for the 7,000 acres + 193 PRI well project, totals $82,000,000 + $8,078,400 = $90,078,400 gross revenues annually for AMEP. ------------------------------ That said I really believe energy prices will continue to rise over the next several years, with HUBBERT's PEAK production world wide at hand; and China, India, and South East Asia gobbling up energy in order to fuel their growing economies. If that happens the above estimated figures are calculated too low.
You must also consider that CB/CEO will be adding Barnett acreage as the company becomes profitable, ...as CB will grow this company.
All the above IMVHO, and are my VERY CONSERVATIVE estimated figures on $9 NG and $55 Oil, you may want to adjust upward to reflect todays prices, and projections for this winter. GLTY all AMEP longs.
... %^ greeneyedhawk "GOT GAS?" Get AMEP for relief ;^)
Posted by Enjoys$ on :
so its not to late to get in !
Posted by QuestSolver on :
Enjoy$.....heres the picture,AMEP is worth .21 to .25 right now based on known assets and without any production of ONG or NG numbers included,when we reach the .20's if we have had no news or production rev numbers we should stay flat or bounce back and forth a little,but I am betting by then we will have a few PR's to add to the known assets and then increase the base value of AMEP therefore raising the base target PPS.From talks coming directly from the company and its investee's we have already at least estimated tripled production or even more,when the numbers comes in I think we all (including me)will be surprised.
Posted by Slippery Wing on :
Good post, Quest. I have one issue though with assuming 2 wells will be down at any one time for service.
I think that's a little low. With 43 wells, I'd assume as many as 8 down at any one time, just because service companies are so hard to find right now, due to demand.
Just a thought.
-Slip
Posted by QuestSolver on :
borrowed these figures from a poster on R B and are a slight under estimate imo,but I like to stay conservative with projections...this is for Barnett only,no other sites included.
* NOTE. Nat Gas wells are much cheaper to operate than oil wells
7000/640=10.935 square miles 10.935 x 160,000,000,000 = 1,750,000,000,000 cubic ft 1,750,000,000,000/1000=1,750,000,000 thousand cubic feet 1,750,000,000 x $12 = $2,100,000,000 (price at $12 per)
$2 billion 100 million
Posted by mmalone on :
quote:Originally posted by QuestSolver: borrowed these figures from a poster on R B and are a slight under estimate imo,but I like to stay conservative with projections...this is for Barnett only,no other sites included.
* NOTE. Nat Gas wells are much cheaper to operate than oil wells
7000/640=10.935 square miles 10.935 x 160,000,000,000 = 1,750,000,000,000 cubic ft 1,750,000,000,000/1000=1,750,000,000 thousand cubic feet 1,750,000,000 x $12 = $2,100,000,000 (price at $12 per)
$2 billion 100 million
How much of that can be pulled from the ground anually? An accurate reserve valuation needs to be discounted to present value...
Posted by QuestSolver on :
"The Barnett Shale natural-gas field in North Texas, which was opened to full production in 1999 and now has almost 4,000 wells, again stood out among Texas fields by increasing production by almost 17 percent. The field extends around Fort Worth from Wise to Johnson and Hood counties."
"Railroad Commission figures show that the field, concentrated in Wise, Denton and Tarrant counties, produced 210.2 billion cubic feet of gas through June of this year against 179.5 billion cubic feet a year ago, when the Barnett Shale field became Texas' largest producing field. In 2004, the Barnett Shale field produced 369 billion cubic feet of natural gas."
"Barnett Shale production is expected to keep growing as new pipelines and processing plants enable producers to pursue plans to drill in Johnson, Parker and Hood counties."
...In midsummer this year, Patterson-UTI of Snyder, which owns about one-third of the nation's oil- and gas-drilling rigs, quoted day rates of $12,000 to $13,000 for rigs during July and August. Chairman Cloyce Talbott said the rate is likely to reach $15,000 during the fourth quarter.....
"...If you're an established producer with relationships with the driller and some contracts, you'll be able to get equipment," Lowe said. "If not, you'll have a tough time."....
-------------------- "si hoc legere scis nimium eruditiones habes."
Posted by NaturalResources on :
quote:Originally posted by QuestSolver: AMEP DD #4 ...for New Eyes:(#4 of 5) DD re EST AMEP REVENUES based on WELL SPACING, and also est revenues when all the leases are developed by Wholly owned Bend Arch, OAG, and PRI.
I talked to the CEO recently about the spacing on the horizontals, which typically produce about three or four times the amount of a vertical in the Barnett Shale. He said it would not be 40, more likely 80 or 160. I am figuring on the conservative figure of 160....
I work as a surveyor for NG company that was ranked in the top 15 U.S. NG Operators for 2005 and was one of only 8 to drill 100 or more directional wells so far this year.
I am involved in almost every step of taking a leased NG property from signature to production.
This includes helping to acquire leases and working with property owners, property surveys, access locations, well locations, gas line locations and right of ways, among other things.
We stake our gas wells 1100' apart, which works out to be ~80 acres. Around here, wells can be placed closer, but more like 990' apart, or ~60 acres. Any closer and the wells will interfere with each other. However, the terrain and geology were I work is much different than that of the Barnett Shale.
I think using the conservative figure of a 160 acre spacing was the best choice and would be pretty typical of what I see in my particular area. Unless all 7000 acres are completely vacant with no structures, wells and streams, you are never going to get a perfect 80 acre spacing on your total leased acreage. IMO, even if you went with 80 acre spacing, after all was said and done you'd end up closer to 160 acre spacing of good, productive wells.
Terrain and water sources are the two biggest factors that come into play when I survey a gas well location, but it isn't flat here and we get plenty of rain, so Texas may be a different story.
Posted by QuestSolver on :
160 billion per sq. mile.....7,000 acres equals 10.9375 sq. miles.......equals 1.75 trillion cf.....equals 1.75 billion mcf........* discounted value of $2 per mcf (my figure, someone else may use another) equals $3.5 billion......divide by 300 million shares.....equals $11.67 share price..... cut in half because something always goes wrong, plus delays equals $5.83 share price. Even that may be unrealistic, but clearly AMEP is headed for multiple dollars, when and how many dollars is the question.
Posted by QuestSolver on :
great post NaturalResources and glad to see some real hands on experience here to!
GLTY and days to come for AMEP!
Posted by imakmony2005 on :
MONDAY MONDAY, NOTHING BUT NET.
Posted by QuestSolver on :
LOL!!!....luv dat enthusiasum!....SWISHHHHHHHH!
Posted by HighSide on :
this weeks Slam Dunk lol
Posted by nattty04 on :
Well, Im about to go to bed. Im definitley ready for tomorrow to get here. Should be a GREATT week, so GLTA.
Posted by QuestSolver on :
a 10k trade went thru already..this is the earliest I have ever seen PM activity on AMEP.
Posted by nattty04 on :
Yeah me to very interesting, hopefully the ask will hop up a little. Would really like to see this open above .10 and get that out of the way, lol.
Posted by Chadsly on :
.097 X .098
Posted by QuestSolver on :
9 MM's are at .10
9 between .104 and .124
7 more above .124 to .14 and all the way up to .35
only 5 between .097 to .0999 including NITE,HDSN,SHWB,BMIC AND VIEW.
OUr Energy telling us it WILL BE BAD THIS WINTER! Be perpared and get in energy stocks that carry natural gas.
Posted by QuestSolver on :
GAPPING UP NOW on increased PR volume very early...
looks like it leaves the gate at .10 or so imo!
Posted by nattty04 on :
PR? Press Release or something else. Did i miss something? lol
Posted by QuestSolver on :
GAPPING UP NOW on increased PM volume very early...
looks like it leaves the gate at .10 or so imo!
(had to edit the past post--PM volume not PR)
Posted by nattty04 on :
Okay, lol, thats what I thought, but i was like maybe i just missed it, lol. And now theres only 4, NITE pushed to .10
Posted by Opforce3000 on :
Where are you guys finding these level 2's what web site?
Posted by nattty04 on :
Well ding ding ding. This is the most PM's i have seen this early. I get my from ameritrade streamer. There is now only 1 remaining over .10 and thats WMIN at .0999. So, looks like a nice gap in morning, yay.
Posted by Chadsly on :
.099 X .0999
Posted by nattty04 on :
Everybody is .10 now, yay.
Posted by Chadsly on :
.0995 X .10
Posted by buckstalker on :
.10's are just about gone...
Posted by nattty04 on :
Quest are you seeing those ask??? WOW! Guys the resistance is just be broken every second!
Posted by Chadsly on :
.10 X .101
Posted by imakmony2005 on :
over .10 up up up
Posted by buckstalker on :
.10 x .101
Posted by pensandoenti67 on :
soon a new 52 week high!!!
Posted by nattty04 on :
Quest are you seeing those ask??? WOW! Guys the resistance is just be broken every second! Kiss it goodbye. This thing is flying today! We wil see .11 maybe in the first 30 minutes if not sooner.
Asker
.101 .101 .103 .105 .1055 .108 .108 .1099 5*.11
Posted by nattty04 on :
.1005x.101
Posted by G_Ho on :
hopefully there's a early shake to the mid-.09s so I can buy some more.
Posted by nattty04 on :
Maybe, wouldnt count on mid-9's to be honest, lol. I mean WOW the market has been open for 5 minutes and we are over 6 million shares voulume.
Posted by nattty04 on :
Nice little but of 290,700, here we go!
Posted by kywee on :
i cant believe this thing
Posted by kywee on :
up 1 penny in 13 minutes
Posted by QuestSolver on :
no resitance until .12 and very little there until .147,we just started people,you have not seen anything yet.
Posted by kywee on :
2 pennies in 15 minutes...ill shut up now!
Posted by kywee on :
is it broken now quest? .147 still next?
Posted by kywee on :
why is no one else posting. i feel alone
Posted by Andreas on :
Is anyone of you still buying AMEP or are you holding off for a while? Will it drop again or should I just put a bunch of money in again now?
Posted by pensandoenti67 on :
been in my three buddies are in and HAPPY !!!
new YEAR high coming soon...
Posted by TampaInvester on :
Everybody is watchin the show....
Posted by kywee on :
shaking
Posted by BuyTex on :
good show...
Posted by nattty04 on :
It might dip to around .118. Maybe, but i couldnt see much more than that. But i could be wrong. And there isnt that much resistance to .14
Posted by kywee on :
shaking w/ no volume. dont fall
Posted by imakmony2005 on :
go baby go .12 nice get in.
Posted by Bluemound_Freak on :
I love this! Keep it up.
Posted by mmalone on :
I could stand this 25% a day thing going on a for a few more weeks...
Posted by HossTrader on :
Even when it shakes it seems to hold pretty damn well.
Posted by mmalone on :
Yea, the shakes are pretty shallow... Plus, I can take a shake that brings the stock down from a 30% gain to a 20% gain .
Posted by Chadsly on :
quote:Originally posted by HossTrader: Even when it shakes it seems to hold pretty damn well.
The scary part is that you don't when the stock is falling (which it should not) or if it's just a small shake. But, yes, I agree, it has sustained very well above .11
Posted by kywee on :
i dont think it matters if it falls. we had a red day last week...actually every week
Posted by mmalone on :
This friday it will be three weeks since the PR that said the new rig should be drilling within three weeks...
Posted by ThehourofTaber on :
Investors took a strong notice and liking to this one. Heavy buying pressure is moving this thing baby. UP,UP,UP and away! Good luck to all.
Posted by G_Ho on :
I chased a little earlier today and got it at HOD , but on the positive side am locked and loaded for a nice run.
Posted by HossTrader on :
Still chuggin along
Posted by Andreas on :
Scratching the .13 ))
Posted by BuyTex on :
gonna break it, I think...
Posted by Bluemound_Freak on :
Scratched it!
Posted by Persia on :
Kissing it! Posted by matto on :
out of control wish i was on this ride!glta
Posted by G_Ho on :
not to late in my opinion matto.
I bought some more today in the .12s.
Posted by kywee on :
wow...i went to go eat brunch and it goes from .116 to .137...
Posted by HossTrader on :
.14 has arrived!
Posted by kywee on :
a question for chart readers
the chart says amep is overbought, but does that not matter in this case?
Posted by farmgirl on :
Quest started a new tread on Hot stocks for all since this has broken .10.
Posted by pensandoenti67 on :
new 52 week high soon !!
Posted by cbrf2 on :
quote:Originally posted by kywee: a question for chart readers
the chart says amep is overbought, but does that not matter in this case?
like someone said earlier, its been overbought since the .07s, so in this case, no, lol
Posted by Akira_Lapin on :
why don't you pat yourself on the back a little harder?
Posted by firefighterswct on :
What happened today the stock fell apart down over 50% from intraday high !! and closed below .10 !! and any thoughts on what the future could bring ?
Posted by HighSide on :
hey all checkout
cbsmarketwatch.com punch in amep
it is showing afterhour trades last price on amep is .13 up .04 does that mean it will open at .13 in the morning. ????
Posted by QuestSolver on :
it appears like the market monkeys deliberately hid earlier buys in order to bring this down and finalized them after hours since they had to be accounted for.I bet many who bought yesterday got their shares but did not see them pass during trading hours.Right now Germany is following our Monday and getting real active and trading at .09 euro's,a drop from .12,it seems all this falls into the manipulation realm and even though I still don't like any stock to rise as fast as we did yesterday it sure looked good albeit short lived for now,as stated before....what goes up fast drops just as fast...we'll get back on our slow gradual and safe climb now imo,I would say I guess we were overdue for a serious shake but hell what did they shake? We are only down 3% so all they did was shake out the inflated differance for one day of trading.I strongly recommend others calling the American Oil group or AMEP directly and you also will hear just how upbeat things are and I know (or at least feel)that they want to tell me something bad but cannot.As we talked of the two other shale sites the CEO already knew much more then I expected and I wonder if they also have plans there since they can pretty much go where they wish now and don't even need a lease,they can cut deals with other companies by drilling with our rig and we get a percentage of the product!
GLTA and watching N gas being talked about again tonight tells me our country is in deeper then many expect!
check out all these damn alerts from yesterday!! and even many from Friday! No wonder we got flooded with early buying!
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
OTCPicks.com: Daily Market Movers Digest, Midday Stock Alerts, Monday, October 3, VMHVF, EPRT, AMEP, IDCO, INSQ, JUNI Oct 3 2005 12:25PM ET BlitzTrader.com: Blitz Trader Movers and Shakers - Blitz Trader, Because Timing Is Everything Oct 3 2005 8:54AM ET Market Pulse Breaking News Alert for Monday, Oct. 3, 2005: PGGG - Pegasus to Offer Seats to the World Poker Tour Event! Oct 3 2005 8:32AM ET The Stockpage: Stocks to Watch for Monday, October 3 Oct 3 2005 7:07AM ET TalkingStocks.com: TalkingStocks Alerts for Monday, October 3, 2005 GFPE, AMEP, CWPC, DOIG Oct 3 2005 7:06AM ET OTCResearch.com: OTCR Morning Alerts for Monday, October 3, 2005 - MIVT, AMEP, TIDE, CWPC Oct 3 2005 7:05AM ET OTCResearch.com: OTCR Midday Alerts for Friday, September 30, 2005 CIRT, AMEP, ZENX, QOIL Sep 30 2005 10:11AM ET BlitzTrader.com: Blitz Trader Movers and Shakers - Blitz Trader, because timing is everything Sep 30 2005 10:07AM ET Wall Street News Alert: Breaking Market News! September 30, 2005 Sep 30 2005 10:07AM ET OTCPicks.com: Daily Market Movers Digest, Midday Stock Alerts, Friday, September 30, QOIL, AMEP, MMIC, FEEC, CHMS, GLIF Sep 30 2005 9:10AM ET
Posted by J3 on :
Looks like we got our butts kicked back to the under .10 board.
Posted by Persia on :
And I like that very much! I think yesterday was some sort of crap group play. AMEP normally goes up and up but with a slow and steady pace.
Posted by QuestSolver on :
Persia I think your right,we were on no less then 15 alert list yesterday before open whcih caused an early buying frenzy and as we all know..what goes up fast....drops fast....hell we are only 3% down from 2 fantastic days of 28% and 22% gains,I'll gladly take that every week!!
But now seriously check out this level 2 line up, it looks like it did starting yesterday,only 3 MM's at .094 and all others well above.Could be another active day!! although I prefer the 2 steps up and 1 step back pattern I think we are going to get more pops so the DT's can have a ball!
3 at .094 1 at .095 1 at .098 2 at .099 1 at .101 2 from .105 to .108
and 19 MM's at .11 and above all the way to .188 Posted by emonkey0015 on :
Quest I have a question for you that I hope you can answer. You say rigs are in demand and hard to come by. I tried finding companies that make these drilling rigs online. Why can't amep and other companies similar to it, just buy a new rig or several. I know they must be expansive but the market indicates the increase in production would be monumental in a time when natural resources are peaking in price. I'm not knowledgeable in the oil and natural gas industry obviously, but I'm confused. Are their not enough rig producing companies? Is the model or type we need no longer made?
Posted by QuestSolver on :
American Energy Production, Inc., Announces Two Year Extension with Distributor of... [FMHTPSM]
American Energy Production, Inc., Announces Two Year Extension with Distributor of Maker of AMEP HOA-800
MINERAL WELLS, Texas & BROOKLYN, N.Y.--(Business Wire)--Oct. 4, 2005-- American Energy Production, Inc., (OTCBB:AMEP) announced today that a new two year extension of its exclusive marketing agreement for the heavy oil additive AMEP HOA-800 has been signed with Nature's Path of Brooklyn, New York. Two years ago the original agreement was put into effect to market Nature's Path private labeled Wellvive as AMEP HOA-800 in Texas, Louisiana, Oklahoma and New Mexico. Over the past two years, AMEP has used AMEP HOA-800 on numerous oil wells and has determined that by combining heat with the infused additive there is a significant increase in oil production from a given oil well. Accordingly, AMEP is extending the marketing agreement and purchasing the third multi-drum allotment of AMEP HOA-800. Lorin Weils, Nature's Path CEO stated, "We are pleased with the success that AMEP has achieved with Wellvive and we look forward to the additional oil production the company will obtain. Nature's Path is pleased to work with AMEP as a strategic partner in the development of our product into this enormous additive market." Nature's Path is a multi-product company that specializes in solutions for the environment by marketing All-Natural products derived from edible plant based minerals. Wellvive is one of Nature's Path's premier products and has shown it will help reduce viscosity of heavy oils within formations and dissolve paraffin and asphaltines that are present in most heavy oils. Charles Bitters, President of American Energy Production, Inc., said, "AMEP is pleased to receive the two year extension of the Marketing Agreement with Nature's Path to continue to test and treat the Production Resources, Inc., another AMEP investee's heavy oil wells with AMEP HOA-800. As we announced several weeks ago the oil production increases in the past two months are very encouraging since the company began adding heat to the treatment. Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance, unknown risk, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
American Energy Production Inc., Mineral Wells Charles Bitters, 210-410-8158 www.americanenergyproduction.com or Oil America Group Inc., Dallas Joe Christopher, 972-386-0601 jchristopher*oilamericagroup.com
Copyright Business Wire 2005 04Oct05 13:01 GMT Symbols: us;AMEP Source BW Business Wire
Posted by kywee on :
gapping up. were still on track folks
Posted by rayraypico on :
volume of 45,000 5 minutes prior to the bell
Posted by QuestSolver on :
LOL...I guess we should let it trade for a week before jumping the gun and moving to the .10 and above board huh...LOL
this news is better news then many might realize,its showing that this method is in the works and is actually working. This means a lot!! Especially for the sand formations and oil traps and the Canadian companies that looked at this now may be getting involved not to mention the big U.S. companies our CEO was speaking of!
Posted by rayraypico on :
just put another buy order in for todays run.
Posted by kywee on :
nice gap
Posted by kywee on :
nice and steady from here
Posted by QuestSolver on :
look at level 2 now guys!! are they lettin it loose again!!!!
Posted by QuestSolver on :
moving up and absobed all the sells with higher buys!! AMEP is a strong buy and hold!
Posted by kywee on :
it has been all along
Posted by kywee on :
one good thing is a lot of the volume is from news, so i dont think this fast upwards movement is like yesterdays since its not all DTs
Posted by ilikemoney on :
kywee...in other words you think this will stick today?
Posted by kywee on :
imo yes, i dont know at what price. mostly buys coming in on the T&S, so we will see
Posted by rayraypico on :
we are playing with .12 right now seems like it wants to hold
Posted by kywee on :
their shaking it now
Posted by QuestSolver on :
buy rumor sell news boys are here now,I set a buy at .093 for 250k for the dip they should cause,i am holding long in AMEP so these tics don't bother me at all.
Posted by kywee on :
nope. gotta have a stomach
Posted by QuestSolver on :
I have yet to get in touch with anyone from PAPO since last week of trying,are they still in business or is it just a momo play?
Posted by kywee on :
looks like their almost done selling
Posted by kywee on :
finally. now their letting the buys come in
Posted by kywee on :
quest it looks like papo was momo, its falling fast atm, just my opinion
Posted by pensandoenti67 on :
the number of sells are increasing big profit takers,
careful
Posted by pensandoenti67 on :
what is it's first line of resistance?
Posted by QuestSolver on :
guys to some this post might not sound positive but it really is...people take these opportunities to sell at spikes if you can and buy the same amount back on dips,this way your recovering your principal investment and also remove any risk at all and ride free shares.This also helps us all in that it keeps the stock in a liquid states.We are much higher now since I first posted and getting in and selling half at the double mark is going to take much longer but if your patient I know it will reach it.
do whats best for you,we are all here to make money and hopefully look out for each other!!
GLTA and I'll be back soon,gotta check out some properties!
Q
Posted by Slippery Wing on :
Nat. Gas stocks are getting hammered all across the board this morning... Even CHK has retreated...
Wonder what's up...
Posted by pensandoenti67 on :
I say it drops to .086 today
Posted by kywee on :
ive been holding through dips for almost 2 months, this one is no different
Posted by Persia on :
You're not the only one.
Posted by kywee on :
so is everyone having fun?
Posted by pensandoenti67 on :
my etrade indicates a low of .03 anyone else see that?
Be careful... I told my friend to get out around 10AM this morning I hope he did.
I also sold yesteray at .13
There's the .086 I mentioned, that low of .03 can be a sign. Can anyone verify a low of .03 today, if so I'm waiting a few days to get back in.
Posted by G_Ho on :
nice wall at .08.
starting to break down Posted by kywee on :
people need some confidence
Posted by kywee on :
i love it how when it goes down people forget about the rugs and oil/gas but when its up their like yea!
Posted by G_Ho on :
takin it down on little volume....
Posted by Persia on :
Winter is at the door and the prices wil go up.
Posted by farmgirl on :
.07
Posted by J3 on :
Well guys, it's been nice playing, but I sold all but 15000 free shares. Looks like it's more then just a little dip this time. I may try to get back in later.
Posted by kywee on :
coming back up
Posted by llatffej on :
at .081 now
Posted by J3 on :
I think those people who bought over .11 are tring to minimize their losses.
Posted by pensandoenti67 on :
got in at .077
what a shake
sold yeaterday at .13
bought at .077 almost double my shares.... yeah baby.. let's go back to .14
Posted by ThehourofTaber on :
I put a sell order in for .80. lol you never know!
Posted by G_Ho on :
i have an average cost at .114. Holding tight.
This is more than just a one day hold - I'm lookin' LT baby! Posted by llatffej on :
im waiting for mywire transfer to go through so i can get in low
Posted by Superbee383 on :
Everytime it starts heading up, those MM codes '1000' and '500' keep popping up.
Posted by G_Ho on :
remind me 1000 and 500 are.
Probably keep it down LOL
Posted by Superbee383 on :
500 is gap one-way or the other, and usually to the direction of the 500 trade. 1000 is don't let it run.
Posted by pensandoenti67 on :
one of the biggest shakes I have seen lately, this will end up above a dime come Friday, what do you folks think.
Posted by pensandoenti67 on :
here we go back to a dime
Posted by G_Ho on :
I'm a lookin' and I'm a likin'.
With a PR on the horizon, this thing is looking golden. Maybe not for the faint of heart, but for the long and strong.
Posted by Persia on :
Going back up.
Posted by Bluemound_Freak on :
I felt sick for a little while! A Dime will ease the pain!
Posted by QuestSolver on :
KMA I just stopped in for a minute and seen the other buy executed!! Are they milking this today or what!!!The art of manipulation is fine and doing well it seems.
did someone have fat fingers again,I see .03 at the low
Posted by QuestSolver on :
damn with these two buys today I spent more money then I paid for my Hummer.....now thats depressing for now.....LOL...but I know I will make enough profit from it to buy another toy.
Posted by llatffej on :
Posted by emonkey0015 on :
not that I should say anything but it probably isn't polite to ask how many shares someone has
Posted by kywee on :
i have to admit i messed up today. i put in a sell for .06 just incase it got down there. well i forgot that sell limit orders have to be above, so it went right after i put it in. you can imagine how mad i was when i have been in since .0138...
oh well, still a good profit and i got back in when it was in the 7's
Posted by G_Ho on :
damn kywee, that sucks.
you were thinking sell stop. Oh well, at least you're back in.
They didn't fill it at .06, did they? They at least filled it at the market price at the time???
Posted by kywee on :
yea they filled it at market
Posted by Andreas on :
Isn't it right that you cannot sell stop and stop/limit for OTCBB stock?
Posted by kywee on :
i think so. thats not what i was trying to do anyways
Posted by G_Ho on :
that is correct andreas
Posted by Andreas on :
Thanks! (I know, Kywee)
If I have an OTCBB stock that is trading at .0425 and I want to make sure it sells as it hits (or goes below) .041, what kind of order do I have to place? Especially, when I am not in front of my screen to sell at market?
Posted by emonkey0015 on :
I almost did the exact same thing. I almost feel your pain, sorry that happened to you. You'll make it back.
Posted by Bluemound_Freak on :
Kywee that is exactly what I did and lost 17500 shares that I had at .03 and had to buy back *.079
God I was sick!!!!!!!!! Still am!
Posted by kywee on :
well lets hope for a slow steady climb up. nothing has change since last week except the pps
Posted by Slippery Wing on :
74 million in volume. I like the slow steady climbs!
Posted by emonkey0015 on :
I would like to see a .09 close, but it seems doubtful. After the moves of the past two days people should build a base buying back in. The oil index drop of two dollars set us back today. They overlooked or forgot this is/will be a strong NG play this winter. The company has reserves and is working hard, I'm sure, to tap its resources for more gas. We can only wait to get our profit. I crunched some numbers last night and today, and if this rig can produce
Posted by emonkey0015 on :
I would like to see a .09 close, but it seems doubtful. After the moves of the past two days people should build a base buying back in. The oil index drop of two dollars set us back today. They overlooked or forgot this is/will be a strong NG play this winter. The company has reserves and is working hard, I'm sure, to tap its resources for more gas. We can only wait to get our profit, which will come.
Posted by QuestSolver on :
man what a mess today in the ONG sector,seems many good ONG stocks are down except PAPO which is running or vapor only,I am not even sure they are still in business,still cannot reach them! are they the only ONG that survived in the Gulf or something?
Posted by buckstalker on :
Intraday charts are screaming buy right now...
Posted by QuestSolver on :
look at PAPO....thats what we looked like yesterday,but so far they are nothing but vapor and momo unless someone knows differant and can enlighten me,I sure doe wish i bought a couple of million shares last week when it was at .0089 though.
Posted by J3 on :
Quest,
Since you seem to be the expert on DD of NG stocks, I think it would be intresting to read your comparison of QOIL and AMEP. They are both involve with natrual gas and oil and their market cap is about the same. The difference is that AMEP has more outstanding shares at a lower price and QOIL has more o/s at a higher price. What are your thoughts?
Posted by QuestSolver on :
J3.....tough to compare right now bu the OS is this case should not matter,look at stocks like SIRI with billions os...it appears that QOIL has an established business plan with some heavy backing right now.
Quest Oil Closes $8 Million Milestone Financing
October 04, 2005 06:00:14 (ET)
HOUSTON, Oct 4, 2005 (PRIMEZONE via COMTEX) -- Quest Oil Corporation (QOIL, Trade) is pleased announce it has closed an $8 million private placement of Series "B" convertible debentures (the "Debentures"). The Debentures, which are convertible in nature, contain a feature that provides the Company with the ability to make interest and principal payments in cash as opposed to common stock. Midtown Partners & Co., LLC acted as the Company's placement agent.
The terms of the funding include the sale of $8,000,000 of Series B Convertible Debentures that mature 24 months from the date of issuance. The Debentures pay 10% interest on an annual basis and are convertible, at the option of the holder, into Quest common stock at $0.40 per share common share (the "Fixed Conversion Price"). Approximately, $6,000,000 from the sale of the Debentures is being released at the closing, and the balance will be released upon the effectiveness of a registration statement registering common shares underlying the Debentures.
The Debentures contain an amortization schedule such that Quest will be required to make payments on the Debentures, equal to 1/20th of the face value of the Debenture, plus accrued interest, beginning on the fifth (5th) month after the date of issuance. As mentioned above, interest and principal payments may be paid in cash or registered common stock. If Quest elects to make a payment in registered common stock, the payment amount will be made in common stock based on a price equal to 90% of the average of the closing prices for Quest's common stock for the ten (10) days before a payment is due (the "Market Price"). If the Quest provides notice that it intends to make an interest and principal payment in cash, the Debenture holders will be forced to accept cash and surrender the redeemed portion of the respective Debenture or convert that portion of the Debenture (including interest) into common stock at the Market Price.
The Debenture holders shall be issued three (3) separate warrants. The Series A Warrant gives the holder the right to purchase, for two years, 100% of Quest common shares underlying the Debenture at $.80 per share. The Series B Warrant gives the holder the right to purchase, for two years from the effective date of a registration statement, a number of Quest common shares equal to 50% of the number of common shares underlying the debenture, at $.46 per share. The Series C Warrant has a 7-year term and has an exercise price of $.56 per share, but may only be exercised by a Debenture holder who has exercised an equal number of Series B Warrants.
Quest has the right to force the Series A warrant holders to exercise their warrants if Quest's stock price exceeds $1.60 per share. Quest has the right to force the Series B warrant holders to exercise their warrants if Quest's stock price exceeds $.56 per share. The Debenture holders also are restricted or gated in terms of the number of shares underlying the Debenture that they may convert.
The documents related to the financing, along with additional information related to this financing transaction, are available in the Company's Form 8-K which was recently filed with the United States Securities and Exchange Commission and which may be accessed by logging onto www.sec.gov. Posted by Slippery Wing on :
Hey guys, I think there's something wrong with my computer....
For some reason it lacks the ability to show numeric numbers in the color green. I am noticing this primarily for all my Oil and Gas stocks. They are all red.
I have seen this happen before, and all I have done is wait a day, and most of them show up green again.
If you have this problem today too, just wait a day before you spend the money for Tech support!
Regards,
-Slip
Posted by J3 on :
I sold most of my shares at .081. I've got a buy order in at .07. If it does dip that low today, we'll see what happens tomarrow. If I miss my opertunity, I miss it. I think I'd rather miss an opertunity then be the bag holder.
Posted by QuestSolver on :
damn what a yucky day......poop...I also heard thet Shakerz and Movers are now exitting PAPO,guess we'll know if thats true when it tanks.
Posted by kywee on :
this should get back on track in the coming days
Posted by QuestSolver on :
LOL...good show slippery wing!!!
Posted by mmalone on :
If you're looking for ONG plays, check out BSIC. I've been holding it for about three months now, first bought it at $1.86. Looks like some people took interest in it the last few days and it's gained around 25-30% so far this week on very high volume. It's not a penny, but I like it, and for around $3.10 it's not that expensive either.
Posted by Slippery Wing on :
Man, this thing is sliding the wrong way for an EOD run!
I want BIG GREEN NUMBERS! C'mon AMEP!
Posted by mmalone on :
CNBC just pointed out that tomorrow is inventory day and they are 'expecting big drawbacks across the board'. Could be helpful across the board for ONGs.
Posted by G_Ho on :
this is really pissing me off Posted by pensandoenti67 on :
wait until tomorrow.
Back to the normal PPS. the climb was too fast too quick, unless you made money.. like meeeeeee.
Back in at .077 I say by Friday we are back to .09 steady climb.. slow..
next week there will be a big jump again at a higher pps.
Posted by imakmony2005 on :
talk about movement, wow what a swing.
Posted by kywee on :
i think it will get down to the low 6's before a push up
Posted by pensandoenti67 on :
wait until tomorrow.
Back to the normal PPS. the climb was too fast too quick, unless you made money.. like meeeeeee.
Back in at .077 I say by Friday we are back to .09 steady climb.. slow..
next week there will be a big jump again at a higher pps.
Posted by pensandoenti67 on :
where we people put their money tomorrow?
AMEP or PAPO ????
whick stock has a better long range pps?
Posted by imakmony2005 on :
made a few Gs but got out. looking for a good buy back point.
Posted by ilikemoney on :
i think it's time for a good stiff drink!!!
Posted by pensandoenti67 on :
Tequila, sunrise tomorrow
or a 007
Posted by ilikemoney on :
cc and water for me!
Posted by Slippery Wing on :
Anything with alcohol would do me pretty good right now.
It looks like we might be on to a slight EOD push. Broke the .08 level, and all things considered if it closes at or above 0.08, I'd be content. Not happy. Just content!
So who's buyin' the first round? (In other words, who got out at 0.14?)
Posted by Slippery Wing on :
Here's a good link to a CBSMW story on Nat. Gas and Oil.
Progress improved Monday in the Gulf of Mexico at oil and gas production facilities in the wake of hurricanes Katrina and Rita.
As of that day, 92.8% of daily oil production was offline, compared with 98% on Friday, and 75% of daily natural-gas production remained offline vs. 79% Friday, according to the U.S. Minerals Management Service.
Despite the progress, traders still "look at natural gas as the only complex with truly bullish fundamental market conditions," said Agbeli Ameko, a managing partner at First Enercast Financial.
"The lack of storage, downed production and the potential for a cold winter all stack up in the bullish column," he said -- not to mention that "base-level" winter demand will be enough to strain an already tight system.
-----------------------------------------------
And don't forget, inventory reports are due out tomorrow!
Look for a good swing, as they expect inventories to be down.
-Slip
Posted by QuestSolver on :
been slamming Coors light pisswater since breakfast myself......
Posted by QuestSolver on :
looks like PAPO is now creating bag holders....at least I am confident AMEP will recover
Posted by Superbee383 on :
quote:Originally posted by QuestSolver: been slamming Coors light pisswater since breakfast myself......
It's days like today when I wish I had something to drink in this house!! Soooo much red on my streamer!
Posted by ilikemoney on :
LOL...you da man Quest!!!
Posted by johnny14511 on :
AMEP WILL HIT .15 TOMMOROW
Posted by mmalone on :
quote:Originally posted by johnny14511: AMEP WILL HIT .15 TOMMOROW
In that case I'll sell you a covered call to buy my shares for 0.14, expiring tomorrow at close.
J/K, hopefully things will be better tomorrow.
GLTA
Posted by G_Ho on :
I'll take .15 Posted by mmalone on :
457000 share buy at 0.08... anyone else see that?
Posted by QuestSolver on :
figured what the heck...took another slice at .079,I am deep enough now to cause anal-leakage!!
Posted by mmalone on :
quote:Originally posted by QuestSolver: figured what the heck...took another slice at .079,I am deep enough now to cause anal-leakage!!
Drunk trading... that's an interesting strategy Quest, let me know how it turns out .
Posted by metermaid on :
Glad to finally hear the bell. It was a bumpy ride today. Hopefully we will find clear air tomorrow.
Posted by Bluemound_Freak on :
The way my numbers looked today, I'm thinking of just saying to heck with it and exploring the Giants - the points this weekend! Posted by SlickyTrader on :
AMEP profits are now moving into PAPO Oil N GAZ
Get ready for an AMEP kin of ride !
Posted by kywee on :
really? where does it say that...we dont need your pumping of other stocks here
Posted by emonkey0015 on :
My profits are still here. Are you sure you know what your talking about. Because it looks like first you interuppted happy hour and second alot of us have profits still here. Its called a stock with value long term and management you can contact. Don't let the door hit you on the way out.
Posted by QuestSolver on :
even after my buys hit today I am fortunately still in the green based on average but not all free now....LOL....but the beer is at least cold mmalone!!
Posted by morehotair123 on :
good to see so many make money but please take my opinion for what its worth.never treat a company other then a trade always take profits. amep is a great company and will imho continue making money but there will be cycles it will go through now some said that i was crazy to sell my posistion in the mid sixes.looking at the chart i could have made more then i did but i took my profits where i thought it would be safe i will now be looking for a new entry point, now dont get me wrong i very well could end up paying more then i sold for but to me that made sense.it was safe,pay close attention to the charts they rarely lie as far as papo i wont touch it to me it looks like a group play and we all know where they wind up in the end good luck to all and keep making money bmax,
Posted by morehotair123 on :
does that sound familiar profit taking yeah I KNOW YOUR "GROUP" BMAX, DENNYC, OLTRADER,
Posted by imakmony2005 on :
gap open....
Posted by morehotair123 on :
quote:Originally posted by imakmony2005: gap open....
what was your name in the paltalk room??
Posted by Persia on :
Morning. Back to where we should be. Now, climb up AMEP with a steady pace.
Posted by QuestSolver on :
morehotair123
I agree with your call on PAPO..nothing but momo and vapor...it tanks today imo....also I believe you did exit early here but profit is profit,I always stress that once possible pull your original principal funds out first to protect yourself and remove all risk of loss and ride free.After my buys yesterday I am no longer free but still in at a good average for now!It also looks like Berlin is following our lead over there to,down to 6.5 and 7 euors but on low volume(although it only takes very low volume ther to move either direction)Today should start to flatten out and re-base in this range between .077 and .09,flippers still may scalp for tenths though.We need to know the new production levels on our other natural gas line we already have,that will put us back in gear! I know they are getting tired of hear from me so heres the contact info if anyone else wants to get a phone call.
LOL...kinda sad how deep the ONG sector is in our society...even Lazy boy is concerned and the PPS may drop as a result of materials made from petroleum products (like Polyurethane foam) are going to get much more expensive....think about it people,we are in fact and oil and gas country,,,petrolem based prodcust are litterally everywhere from plastics in the food industry to foams in the amusement parks to the electronic insulation on the wires in your computer,its simply limitless and thats why no one even has a clue yet just how bad this is going to be but I'll say one thing in my opinion of course...we are far worse off then the media even shows us.
just be in a good ONG and NG stock,at least one.
Q
Posted by bmaxingout on :
quote:Originally posted by morehotair123: does that sound familiar profit taking yeah I KNOW YOUR "GROUP" BMAX, DENNYC, OLTRADER,
morehot air WHAT!!! is your problem and why are you posting crap about me i dont belong to any group i dont why you are following every post that i put up and post lies about me,i dont pump and dump anything every stock that i buy i tell everyone how many shares that im buying and i tell everyone days before i sell if you continue stalking me on these boards i will turn you in and try to have you removed from allstocks
Posted by pensandoenti67 on :
AMEP chart will rebound as it did in Sep 22,23 and Sep 26
you said it bmaxingout i will be right there behind you i can't get on as much now that my schedual has changed but i don't like anybody pointing a finger at people they don't know. you have never been a pump and dump
Posted by bmaxingout on :
thank you bond006 this guy is out of control
Posted by emonkey0015 on :
I agree completely. I like CHK and usally stay away from OTCBB stocks. My portfolio tends to carry 4 speculative stocks at any one time. I feel confident in this market and times that an oil/natural gas OTCBB stock is well worth the risk/reward. AMEP has proven to me that they are striving for sucess. They have purchased a rig and found a new/improved way to process their oil through the dense sand. Our countries oil/natural gas problems are not going away any time soon. I know crude oil prices are dropping, but this happens every winter, due to less demand, and cuppled with the price increases during the stroms we should see a bigger dip this year. Natural gas however is just starting its increase. On MSNBC last friday or thursday they had an interview with two meterologists. They both agreed we were in a weather cycle pushing a colder winter upon us, partically the midwest and northeast, where supply is even more deminished. I read an article yesterday on heating oil, which I will find and post, that states the northeast has 2.2 days of supply for this winter in a place. I don't want to say we are in a crisis, but this winter is going to be a struggle on this crippled economy. Although no stock is a safe bet, IMO this stock is well worth the risk.
Posted by emonkey0015 on :
Here is two articles. I promise, one article i read last night stated the northeast heating oil supply would only carry through 2.2 days, but I have found two articles that state 10 days. sorry about the mis-quote.
where did the price of Narural Gas start today????
Posted by nattty04 on :
The resistance to .9 isnt that bad, so we could see that today for sure.
Posted by pensandoenti67 on :
l2's please
Posted by G_Ho on :
.087 .087 .086 .086
.088 .088 .089 .089 .090x 8 or so
Posted by pensandoenti67 on :
what's a 600 MM sign?
Posted by mmalone on :
This is looking less like a sell off and more like the typical MM dips we've seen lately... not much volume, bid above ask once already, lots of buys... looks like we might be getting back on track here.
Posted by pensandoenti67 on :
I posted at 0850 hrs
AMEP chart if you look at Sep 22, 23 and 26 it looks like the same pattern. The RSI hit the 70 line then it climb back up, expect it to do the same again.
OIL & GAS prices still climbing high and most OIl & Gas will double their revenues at the end of year, can't wait until AMEP report their annual report or next quarter.
Good luck I see AMEP to continue a steady climb, those that got out yesterday are ready to get back in and double again.
**** Today it maybe a day between .075 and .088 then Thursday and Friday a steady climb to .10***
*** just my prediction ***
GOOD LUCK
I'm in at at .02 sold at .06 and sold more higher, back in yesterday at .077 (77777) shares.
Posted by QuestSolver on :
this was no real sell off imo,other then late Monday everything else have been MM artwork!!
Posted by kywee on :
rumor has it that a huge private group played amep, hence the big spikes the last couple of days. im sure their gone, so this shouldnt fall too much
Posted by mmalone on :
quote:Originally posted by kywee: rumor has it that a huge private group played amep, hence the big spikes the last couple of days. im sure their gone, so this shouldnt fall too much
Is that legal?
Posted by TechGuy on :
Any news on NG reserves yet?
Posted by mmalone on :
NG reserve report comes out tomorrow morning
Posted by TechGuy on :
My bad, thought it came out on Wend
Posted by QuestSolver on :
as I posted this morning,we will probably trade flat between .07's and .09's and other then a few flipping tenths I think we start the incline again next Monday.
Diesel on the rise fast today and also airlines cutting many flights due to fuel cost!
BTW...a severe cold front is coming in and now effecting the Dakota's with snow already and heading south east and we can expect a temp drop here in Maryland the next day or two...also Tropical storm tammy developed this morning off the cost of Florida.
Posted by TechGuy on :
They're forcasting snow tonight in MN
Posted by QuestSolver on :
N gas new HOD now and futures are high.
Posted by QuestSolver on :
winter is coming...be in a good ONG soon if not now.
Posted by farmgirl on :
The U.S. weekly petroleum inventories data due out later Wednesday was expected to show drawdowns across the board. A Dow Jones Newswires poll showed commercial crude stocks are expected to fall by 390,000 barrels last week, when Hurricane Rita barreled through the U.S. Gulf Coast.
Posted by farmgirl on :
AP Oil Prices Up on Drop in Oil Supplies Wednesday October 5, 11:24 am ET By George Jahn, Associated Press Writer Oil Prices Rise After U.S. Data Shows Decline in Oil and Gasoline Supplies
Oil prices rose Wednesday after the U.S. government released data showing declines in oil and gasoline inventories.
Light sweet crude for November delivery rose 25 cents to $64.15 per barrel in morning trade on the New York Mercantile Exchange. The contract fell $1.57 to close at $63.90 on Tuesday.
ADVERTISEMENT Unleaded gasoline futures fell about a penny to $2.005 per gallon, while heating oil futures rose 1.28 cent to $2.06 per gallon.
In its weekly petroleum supply report, the Energy Department said commercial inventories of crude oil fell by 300,000 barrels last week to 305.4 million barrels. That's 12 percent above year ago levels.
The agency said gasoline inventories shrank by 4.3 million barrels to 195.5 million barrels, or 4.5 percent below last year's level. The supply of distillate, which includes heating oil and diesel, fell by 5.6 million barrels to 128 million barrels. Distillate inventories are 4 percent higher than a year ago.
Natural gas futures, which closed at a record high $14.224 per 1,000 cubic feet on Tuesday, jumped an additional 39.6 cents to $14.62.
The Interior Department said Tuesday that heavy damage by Hurricanes Katrina and Rita would mean a slow recovery for offshore natural gas production. The Gulf Coast produces about one-fifth of the product used by U.S. industry and to heat homes. The loss of output is particularly troublesome, analysts say, because there is no emergency stockpile.
"The outlook for winter is grim, and the threat to the U.S. economy is real from extremely high gas prices and shortages," Energyintel analyst Tom Wallin said in a research note.
Concerns over a slowdown in U.S. energy demand have been lingering in the market since Hurricane Katrina drove crude oil prices to a record high of $70.85 a barrel on Aug. 30.
Recent U.S. government and industry data have shown that oil demand has dropped significantly in the past month, apparently as an increasing number of motorists have cut back on discretionary driving.
"The worry in the market is that the impact of hurricanes Katrina and Rita, together with the arrival of winter, may be a significant tipping point in U.S. economic activity," said Victor Shum, energy analyst with Purvin & Gertz in Singapore.
But some traders said energy prices were likely to continue to rise, as a significant demand slowdown would not be immediate.
"It took two years to get here, and a reversal won't be engineered overnight, or in a week or a month," said Mike Fitzpatrick of the brokerage Fimat USA Inc.
Paul Hornsnell, head of energy research at Barclays Capital in London, said he sees crude "stuck between $60 and $70" with many governments expected to step in and cap any higher prices.
"But they can't do much about products prices," which will likely move upward because of continuing supply concerns, Hornsnell added. He estimated losses caused by hurricanes translated into a 200 million barrrel shortfall in refined products.
About 1.35 million barrels a day of oil production in the Gulf of Mexico, or 90 percent of total daily output there, was shut in on Tuesday, down from 93 percent on Monday, the U.S. Minerals Management Service said.
Associated Press Writers Brad Foss in Washington and Gillian Wong contributed to this report from Singapore.
Posted by QuestSolver on :
demand has declined though,that may the down issue.
Posted by farmgirl on :
I beleive the decline is temorary. Winter is soming and demand will go through the roof. Mainly for natural gas. Snow and cold equal a need for heat. Just one persons opinion.
Posted by emonkey0015 on :
PAPO is falling fast! Ouch.
Posted by Persia on :
I told the Papo people to get out and come to AMEP... Posted by emonkey0015 on :
American Energy Production, Inc., Announces Two Year Extension with Distributor of Maker of AMEP HOA-800
4 October 2005, 09:01am ET MINERAL WELLS, Texas & BROOKLYN, N.Y.--(BUSINESS WIRE)--Oct. 4, 2005--American Energy Production, Inc., (OTCBB:AMEP) announced today that a new two year extension of its exclusive marketing agreement for the heavy oil additive AMEP HOA-800 has been signed with Nature's Path of Brooklyn, New York. Two years ago the original agreement was put into effect to market Nature's Path private labeled Wellvive as AMEP HOA-800 in Texas, Louisiana, Oklahoma and New Mexico. Over the past two years, AMEP has used AMEP HOA-800 on numerous oil wells and has determined that by combining heat with the infused additive there is a significant increase in oil production from a given oil well. Accordingly, AMEP is extending the marketing agreement and purchasing the third multi-drum allotment of AMEP HOA-800.
Lorin Weils, Nature's Path CEO stated, "We are pleased with the success that AMEP has achieved with Wellvive and we look forward to the additional oil production the company will obtain. Nature's Path is pleased to work with AMEP as a strategic partner in the development of our product into this enormous additive market."
Posted by johnny14511 on :
you guys should buy this low right now
Posted by pensandoenti67 on :
wait until next weds.....
52 year high .26 cents
Posted by QuestSolver on :
actually this should be the best entry point,.075 to .089 give or take,this will be over .10 again Monday imo.
Posted by newpenny on :
Quest, Thanks for all the great DD you provide This is the first penny I am putting signif money in ...I am watching cnbc they have been talking about the natural gas crisis...I can't understand why with all this news and one prediction they just gave of 20$ nat gas we are not running big today???
Posted by ThehourofTaber on :
Oh, don't worry we will run and run big... We have to just all remember the word patience. .14 is nothing wait until we hit .25! Good luck I'm holding long and strong.
Posted by Persia on :
You know it Taber. Long and strong!
Posted by johnny14511 on :
hey do you guys own papo too ?
Posted by QuestSolver on :
newpenny.....many stocks do this,look at a few weeks back when the ONG hit the fan and everyone was in a panic because the U.S. oil supply was in major jeopardy...almost all good oil and gas supply stocks dropped....who would have thought? don't worry when its below 40 degrees in the daytime in Washington Natural gas will hit the fan hard!
Posted by Persia on :
I don't Johnny.
Posted by QuestSolver on :
I hope many of you newbies that are new to trading have been watching PAPO...many have been pumping this without real facts,thats why I have been constantly posting I have not made any contact with the company,hell I am not sure they are still in business. Newbies please watch out for these plays,in most cases you will lose due to inexperience,you can make a killing on them if you work them right but if your not privy to the set exits of the clubs you will become a bag holder quick.
Posted by redneck woman on :
Quest, I appreciate your insight. I've been following this board for about a month now and can tell you are very knowledgeable - thank you for sharing with us newbies!
Posted by ThehourofTaber on :
Hey Quest, last time you spoke with AMEP or Charles bitter did they give you an estimated time on when they were going to update us about the new drill? Any info or hint would help.
Posted by Persia on :
No problem... Posted by QuestSolver on :
LOL...just had to laugh...like the name "redneck"...thanx for the thought though!
as for hints all I know is that the last time they gave us a PR...they folowed with another 4 days later. The rig is done and operational now per our conversation,where its heading I am not sure.
Posted by redneck woman on :
I only live about 1.5 hours away from Mineral Wells and have numerous conversations with Joe Christopher. I plan on driving over to see their operations soon. I think you & I called him about the same time the other day re: update on the rig. :-)
Posted by ThehourofTaber on :
Thank's Quest I really appreciate everything you've done. You and Greeneye on the RB board our the best. All we can do is be patient. One other thing I noticed that a lot of other boards on RB our talking about AMEP and jumping in at these low prices. This is good news for us. Even boards that have nothing to do with energy such as CHID and BRVO. The interest in this company is rediculous. You got love that. Long and Strong!
Posted by mmalone on :
Just thought I'd point out the extremely low volume we've had today. Only around 19 million shares traded so far.
Posted by TechGuy on :
My 2 cents;
We are in a transition between over bought to oversold. We will see a down trend at EOD and a nice run tomorrow on even lower volume.
Friday will be flat with even less volume.
Starting Monday things will begin to head north again.
Just my thoughts. (Been holding since .027)
Posted by Jerm on :
Quest, I'd also like to thank you for the quality input you have put into this topic!
I don't know if I've posted on this topic before but I have been following it for awhile and I have now riding free shares... I have also talked my son and my girlfriend into buy into AMEP, though it was unfortunately at the peak of the run the other day. :-( But I am keeping them calm. :-)
Posted by TechGuy on :
Well, I was wrong on the down trend at EOD, but I guess it's good to be wrong in this case.
I too would like to thank Quest for his DD. I would have sold long ago if it was not for the info you provided.
I still think we will see 12 - 14% increase tomorrow on 15 - 18m shares traded.
And Friday should be pretty flat with 12 - 15m shares trading.
Posted by kywee on :
everyone seemed to ignore me when i posted papo was played by 2 groups monday. im not basher just speak the truth. why did it tank today...
Posted by TechGuy on :
I thought about putting some money into PAPO. Put it on my watch list at .0093. I about fell out of my chair when it hit .05.
But I would rather hold AMEP, much better DD and have been whatching it for 2 months and holding since 9/3.
I never buy anything without keeping an eye on it for a few weeks first. I may miss a big run or two. But any good stock will run several times before leveling and steadily climbing.
Posted by QuestSolver on :
We are all in the same game so no thinks is needed but is appreciated,as long as we all remove open and honest in any DD we find (good or bad)then we will have a decent and civil board.Many will disagree with each others findings but that what gives us all an advantage here,we can decipher through so much info in our trading days and so much is available to us we should all feel lucky...can you imagine what it was like just a couple of decades ago when you actually had to call your broker and get info or trade? We are in a completely new ballgame these days. As for my opinions for this week,as stated this morning we stay flat pretty much but on declining volume between .07's and .089 or so unless news hits(tomorrows natural gas report due also),Monday should be a good day and the gradual climb begins again.
GLTA
Q
Posted by BuyTex on :
Sorry if this has been answered: gotta jump in, then hit the tub and gulp some soup. Trying to fight off some flu bug or another...anyway, anybody ever figure out the "institutional" buying and sell-off on Monday? I nearly took a long position three different times, but my Indian guide wouldn't let me. Ya, great run for whoever played it, but just wondering about the many large buys followed by the drop, which has not been the pattern...Anybody?
Posted by kywee on :
i dont know if this is answering your question, but rumor has it that monday was a group play by a huge private group
OT:
here is a good read about the economy including oil
kywee, got a line on the rumor or the group? tia...lol--that was some serious dough for a penny-play...
Posted by QuestSolver on :
BuyTex....Shakerz and Movers made multiple play heres before,they actually just took an exit on PAPO yesterday around noon,kywee and I both posted on here concerning PAPO although he(or she) was more direct,I just made it clear I would not take a position since I have not be able to contact anyone in the company since last week.No matter which group the bottom line is over 15 alerts went out late Friday and before open Monday, that alone would create the buy rush forcing the B/A up far to quick.
Q
Posted by QuestSolver on :
following by Boilerroom on HSN
One of the levvys just failed again in louisiana, talk on cnbc right now how it is setting back natural gas even more than it already was.
One guy from FEMA just said we might actually RUN OUT of natural gas this winter as well, possibly have to shut down schools and factories because they might not be able to heat them. There are no emergency reserves for NG (unlike oil), and there is also no way to ship it from other countries. The cold front heading towards the US next week might run the natural gas down to almost nothing (quote from FEMA official on cnbc). I know questsolver has said this over and over again, but we are really in a natural gas crisis right now.
As sad as this might be, HOLD this stock, it is going to bounce and bounce real hard, it
WOW, also more hurricanes predicted by a hurricane forcasting expert, could have even more of an impact on the natural gas refineries!: (article on MSNBC)
Updated: 6:31 p.m. ET Oct. 4, 2005 A longtime guru of hurricane forecasting said October is likely to be another busy month.
William Gray, a Colorado State University scientist who has been predicting seasonal hurricane activity for many years with remarkable accuracy, issued a statement Monday.
"We project that October will continue the trend of above-average activity that we have witnessed in the preceding four months of the hurricane season," Gray's team said.
The forecasters expect three named tropical storms, two hurricanes and one major hurricane during October.
The prediction covers the Atlantic Basin, including the Caribbean and the Gulf of Mexico.
Compared to past full seasons, this year is the seventh busiest since 1950, and it does not end until Nov. 30.
This season had the busiest start ever, with 4 named storms by July 5. Warm sea surface temperatures fueled the monsters Katrina and Rita, and conditions remain ripe for more, other hurricane experts agree.
Deadly Hurricane Stan is the 18th named storm of the season.
The August update from NOAA, which oversees the National Hurricane Center, called for up to 21 named tropical storms. The busiest season on record was 1933, when 21 tropical storms developed in the Atlantic Basin.
Gray and his colleagues base their forecasts on the warmth of the ocean, global wind patterns and several other factors. The scientists said today they expect the 2005 season will finish at near-record levels.
I rarely post on here so there's no reason for any of you to take me seriously (as I wouldn't either because I only trust those who I know have proven picks). Nonetheless, I have been an addict to this board for the past year but feel I do not have the right to post since I am not a broker and am only a casual investor. For what it's worth, I have been in AMEP for about a month now and really believe in the company. With that said, I went ahead and called the CEO's number as is posted on the company's website and spoke to him for 20 min today. Charles Bitters had a typical southern TX drawl in his voice but got to the point quickly - he has no interest in promoting so that the PPS would rise - his main priority is just getting the rig up and running that they shipped from Mexico last week. He explained that they were VERY lucky in getting a working rig in this kind of market. Normal wait time for a rig is 6 months to a year. He described a whole story how he got it from Mexico and there were Gringos with guns. He said in about a week to 10 days after the rig is tested, they will announce commencement of operations - i am not sure what kind of influence this press release will have on the PPS (I'll let QUESTSOLVER decide on that since he's the expert). Moving on, he went over tons of numbers with me. They were revenue targets they expected to reach once the drill and new rig is running regulary. It is my OPINION that only then will they be able to post a real quarterly report and show real revenues. Until then, everything's speculation. But we have a low PPS in the interim, so it is our best opportunity to buy now rather than later. I am not a day trader because I don't have the time and have another job. This will be a long term hold for me. And let me disclaim again that I am not a professional investor you can write off this post as any other crappy post out there because god knows I've been burned many times over on this site and others. I wish you all the best luck. GO AMEP!!!
Posted by pensandoenti67 on :
[QUOTE]Originally posted by pensandoenti67: [QB] I posted at 0850 hrs **** Today it maybe a day between .075 and .088 then Thursday and Friday a steady climb to .10***
TODAY PRICE WAS .076 TO .088
ALMOST HAD IT 100%
I HOPE WE DO GET TO .10 BY FRIDAY AS I MENTIONED THIS MORNING AT 0850 HRS
Posted by strike1 on :
The last three candlesticks formed a Bullish Three Stars in the South Pattern . This is a bullish reversal pattern... Looks good for tomorrow... Will not be long now once the get the rig moved....JMHO
Posted by BuyTex on :
quote:Originally posted by QuestSolver: BuyTex....Shakerz and Movers made multiple play heres before,they actually just took an exit on PAPO yesterday around noon,kywee and I both posted on here concerning PAPO although he(or she) was more direct,I just made it clear I would not take a position since I have not be able to contact anyone in the company since last week.No matter which group the bottom line is over 15 alerts went out late Friday and before open Monday, that alone would create the buy rush forcing the B/A up far to quick.
Q
so what's your take on this "Shakerz n Movers"?
Posted by pensandoenti67 on :
Article this morning
Industry Sees Natural-Gas Bidding War Wed Oct 5, 1:30 PM ET
The prewinter buildup of U.S. natural-gas stores has yet to take a big hit from Hurricane Katrina, but that may be about to change.
While the storm has knocked out more than 225 billion cubic feet of natural-gas output since hitting the U.S. Gulf Coast, analysts explain that the losses have been nearly offset by a loss of demand caused mainly by the shutdown of gas-intensive petrochemical plants along the Gulf Coast.
The bad news: that demand is coming back on line faster than production, and it is robust enough to weather prices that have doubled in the past two months.
"The overwhelming, vast majority (of lost demand) is due to production capacity being shut in," said Frank Mitsch, a chemical industry analyst at Fulcrum Global Partners. "It's not because gas prices are high."
November natural gas closed Tuesday at $14.224 per million British thermal units, a record high for a front month on the New York Mercantile Exchange and double the price of late July.
According to data provided by authoritative chemical industry observer CMAI Global, about 44 percent of U.S. ethylene cracking capacity was off line on Sept. 30. Those plants primarily use natural gas as a feedstock
Posted by QuestSolver on :
onedayatatime....good post and I believe its sincere and your right about CB,he is not concentrating on the PPS but on the business instead which will in herantly reflect on the PPS anyway....you should post here more often,we do have another issue we all must address though and thats Berlin.
Good Morning all,
They need to get their butt in gear and get us off Berlin ASAP,everyone should start calling or e-mailing the company,looks like downward pressure has increased on the exchange and although I hate to say it,it appears we are being shorted there again.
as an investor you must play a role in helping this action take place,the more they hear from the more of us the better ALL of us will be.
Posted by QuestSolver on :
BuyTex....my take on them and the other buying/selling clubs is this...
get in before they do and get out before they do or join the club....LOL
Posted by QuestSolver on :
We don't really follow Berlin we are more of the result of Berlin.Come CB plant another hole in the Earth!!! We need NG news soon.
Posted by farmgirl on :
Does anyone have any predictions for today?
Posted by rayraypico on :
anyone with level 2's
WHERE'S THE SUPPORT????
I am long and strong but wheres the support
Posted by QuestSolver on :
I don't want to BS anybody but level 2 looks terrible right now,that could change quick though but for now take my advice if your green take profit..I am stuck here right now because I am long anyway and its now below my average.They need to get another PR out on production specs!
Posted by emonkey0015 on :
Not quite sure if I want to sell I have confidents in this market and company
Posted by pensandoenti67 on :
bad day, raining here thanks to tropical storm.
Only green of my lucky 7 is CESY, maybe I'll see .003
Posted by QuestSolver on :
I planned on holding into the winter anyway as you all know,its just an OTC thing today I guess,up or down for no apparent reasons.I'll be back later,got some other work to do involving real estate but I left two messages for CB and JC in Texas but the time differance is probably why they are not in yet.
Posted by J3 on :
Quest,
I sold all but 15,000 at .081 Monday. How low do you think will get before a good rentry point.
Posted by HurricaneBob on :
I would first like to thank Questsolver for the information he has continued to give us here. I like the fact he does not post a lot of BS. I just got off the phone with Charles and he has told me we are most likely not coming off the Berlin Exchange even though he has made repeated request for this to happen. He has been told though that no one is trading are stock there. Now if I had been studying what the hell L2's are, I could have doubled my shares for free. My friends were trying to talk me into it but I have seen them cost themselves a lot of money trying it in the past. I got in at .02 and do not look to sell a single share till we reach .20. The MM's are doing everything humanly possible right now to shake everyone out of the shares of all the oil and NG stocks because they know what's about to happen. BTW Charles said the DRILL will be in the ground next week!
Thanks Questsolver, your the man
Posted by NaturalResources on :
quote:Originally posted by QuestSolver: I don't want to BS anybody but level 2 looks terrible right now,that could change quick though but for now take my advice if your green take profit..I am stuck here right now because I am long anyway and its now below my average.They need to get another PR out on production specs!
The energy sector is taking a hit today. NG is down 0.46
Posted by 1DayataTime on :
I left message on Charles Bitter's cell. Again, this is a long term hold for me and I am in it deep. The MMs won't get one share from me. I am holding tight. Even if it is straight selling it just means cheaper shares for me to put more in when I get more $.
Posted by G_Ho on :
I'm getting hammered here
Posted by G_Ho on :
and I soon as I sell, it would go straight up....
Already sold almost 400K at .02 when I got shook out. FOCK.
I need to find some funds
Posted by Lucas Brachish on :
Should we sell now and let it drop more, and then buy back in ... do you think the current level will hold? Are we at the new entry point, or do you think this will go lower? I'm getting hit hard and need to find a good survival strategy ....
Posted by G_Ho on :
I'm holding. It's only a drop on paper, not in real value. We all know that the rig is ready and there will be news soon.
It was overbought and went up too fast. In my opinion, we can't/won't see much less than .05 - but what the hell do I know.
I've sold before to buy back later, and ended up buying back in higher.
I'm holding and just not watching it as often. This thing should be solid in a few weeks IMO.
Posted by mmalone on :
I don't know about the rest of you, but I bought this as a long term play. Selling on short-term fluctuation is a poor strategy unless that was your plan from the beginning. I'm going to hold.
Posted by 1DayataTime on :
This is a rollercoaster stock. It spikes fast, it plummets fast. It will spike again - and for those holding, we'll be on for the ride. There WILL be a press release no more than 10 days from now (as Charles Bitter said) and there's no doubt it will fly. This just makes it all more exciting.
Posted by QuestSolver on :
just got back in for a few minutes...looking at level 2 we may drop to .05 flat again I hate to say but we all know it can changed quick..this is the OP to either average down or sit tight.As for CB saying he does not believe there is any volume there I will send him 2 links to prove otherwise.
1dayatatime just sign up 5 post??
Posted by mmalone on :
One other thing I haven't mentioned in a while. For the people who are new to AMEP, in the previous thread we had I posted some calculations I did based on projected revenue/earnings for AMEP. With little growth, the earnings expected from the new rig and holes should put AMEP at about $0.13 with a P/E ratio of about 10 (which is very low). That's my valuation of this stock, given current information.
From my DD, and the DD posted by others here, this company is not a fly-by-night operation. They have real property, sell real product, and make real money. Thus, I expect earnings to grow in the future.
Hopefully news will be released soon that will alleviate some of this downard price pressure. Either way, the soonest I would sell would be after the next quarterly report, and the only reason I'd sell then is if the report is well below expectations.
Posted by emonkey0015 on :
Here is what I did today, maybe it will help you. I've been struggling with indecision all day, which is rare. I know(in my heart) the natrual gas play will be profitable this winter, but the past few days have shaken that confiedence slightly. I had 58,000 plus shares. Yesterday I sold at .08. Today I sold 25750 shares at .07 to protect myself, these shares averaged at .0435. I have 17102 shares remaining, these average at .0234. I plan on holding. If things get really bad I sell at .048 and double my money. I would IMO protect your money first and if you have a volume of shares that average low hold and see. I tend to belive the usall september-lack-o-confiedence we see every year is carring through Oct. This has been a wierd year, with the hurricanes, but the winter is predicted to be harsh and cold. Good for NG and heating oil. SO IMO IF YOU CAN AND FEEL COMFORTABLE HOLD A LITTLE. TIMES LIKE THIS REASSERT THE FACT THAT IN PENNIES YOU HAVE TO GET YOUR PRINCIPLE INVESTMENT BACK AND PLAY WITH FREE CASH.
Posted by Bluemound_Freak on :
Holding and Praying! I'm in too deep to sell now.
Posted by J3 on :
According to the yahoo the volume is 452.857. Can I assume that in english that means 452,857?
Posted by mmalone on :
quote:Originally posted by J3: According to the yahoo the volume is 452.857. Can I assume that in english that means 452,857?
Yes
Posted by 1DayataTime on :
imakmony2005 --- I've been reading this board for almost a year now (yes I am a free loader only because I am NOT a professional investor or broker). I feel guilty because I never post and just read everyone's DD and then do my own privately. Please don't take anything I say literally! And I believe everyone should do their own DD before investing. I probably know less than anyone else on this board! But I will make sure I post any DD about AMEP or any further conversations I have with Charles Bitters.
Posted by J3 on :
452,857 is volume, but not much.
Posted by bmaxingout on :
pps has come down a bit im now looking for a new enrty point amep is a great company and will make money, alot of the pps decline has to do with oil inventories rising.this is a short term problem as we all know winter is on it way and inventories will be depleated. oil imho is going to 80 per bbl this year ng prices will almost double.amep is the right company at the right time it would be nice to hear about how their drilling rig is working out and how soon they will their first hole compleated.that news will push amep to new highs good luck all
Posted by QuestSolver on :
no doubt AMEP will do very well near term watching tic by tic will get frustrating for some,I have always postedmt projections and goals and time frames up thru next year but more importantly this winter for mid term plays.
GLTA!
Posted by Lucas Brachish on :
Alright, thanks everyone. I'm going to try buying more at 54 (which is around my current average). See if that sell takes this week or not. As long as the going rate doesn't drop below 49 I'll be happy to hold all the AMEP I have for the long haul (or at least until mid-Winter, eh?).
Posted by bmaxingout on :
quote:Originally posted by Lucas Brachish: Alright, thanks everyone. I'm going to try buying more at 54 (which is around my current average). See if that sell takes this week or not. As long as the going rate doesn't drop below 49 I'll be happy to hold all the AMEP I have for the long haul (or at least mid-Winter, eh?).
jmho but the chart says its not ready to keep buying
Posted by Lucas Brachish on :
bmaxingout ...
you think I should wait? What's your rough estimate for a new entry? I'm seeing the possibility of a slight rise from this point on, so thought I should try to get more while I can... but I'm not as experienced as you, so if you think there's a lower number to buy in at I'll listen.
Posted by special ed on :
the way things are going, we're heading for the 20 day SMA around .05 level. MACD's, OBV, and stoch's all heading south. Wouldn't be surprised if we hit back to .045 level
Posted by bmaxingout on :
i really could say for sure but right now the pps imo is too unstable in the last four days the CCI(20) has droped from 220 too 43 and hasnt shown much in the way of support i am waiting for the CCI indicator to go over 100 again at the moment people are seeing red in their accounts and just cant handle that so they sell this causes the CCI to drop further hence even more un stable my motto cash in hand is better then chasing a stock to the bottom if you are going to average down wait till it gets to a support line
again this is just my opinion but i would rather miss a trade then make a bad one
Posted by bmaxingout on :
sorry i meant to say i really couldnt say for sure i think that i need a proof reader,....lol good luck
Posted by bmaxingout on :
quote:Originally posted by special ed: the way things are going, we're heading for the 20 day SMA around .05 level. MACD's, OBV, and stoch's all heading south. Wouldn't be surprised if we hit back to .045 level
imho that is where i am looking to for the next support line
Posted by QuestSolver on :
hopefully Charles Bitters is listening today to the investors and responds accordingly. Posted by special ed on :
quote:Originally posted by bmaxingout:
quote:Originally posted by special ed: the way things are going, we're heading for the 20 day SMA around .05 level. MACD's, OBV, and stoch's all heading south. Wouldn't be surprised if we hit back to .045 level
imho that is where i am looking to for the next support line
if not, watch out....this could get ugly short term.
Posted by bmaxingout on :
if this goes past that it load up and make money this is a great company that will make alot of money this winter imho the last run was just the begining
Posted by bmaxingout on :
quest could you do me a favor and post your valuation on amep i beleive your numbers on the land and other assets was very accurate and i think some would enjoy seeing good news today, bmax,:-)
Posted by johnny14511 on :
DAMN
IM UNDESICDED IF I WAT TO WAIT OR SELL IT
I ALWAYS KEEP ON THINKING TOMMOROW WILL BE BETTER AND ITS WORSE
Posted by special ed on :
when did you buy in? and are you going long or short on it? that should make your decision easy....
like bmaxin' said, cash in hand always better so take profits if you can. you can always buy back in.
Posted by emonkey0015 on :
what kind of music do you spin Special Ed
Posted by QuestSolver on :
off topic-I told you all I would give you any pick that I see as viable and at a low for entry,this is not in the ONG sector but the Bio sector and looks great thru the DD process.
GREAT bio play under .05 so far,look at the chart history,this is a all time low pretty much and watching the news on the Avian flu I think many bio's are getting jiggy soon.The Company had 37,561,205 shares of common stock issued and outstanding, of which 21,772,737 were held by non-affiliates.
About CalbaTech
CalbaTech is focused on developing and providing products and platforms to the research market, both for biotech and pharmaceutical companies, as well as academic institutions. In addition to growth through acquisition, CalbaTech, comprised of three divisions, Molecular Applications, Research Reagents, and Cellular Therapeutics, is building an experienced and innovative scientific staff, including several notable members of its Scientific Advisory Board, that intend to contribute innovation in areas of biological discovery.
Contact: Paul Knopick (949) 707-5365 pknopick*eandecommunications.com
for you chart specialist,check out this 3 year chart....does this have recovery spike all over it or what!
overall average is about .175
Posted by Lucas Brachish on :
Bmax, special ed, Quest, etc... thank you for all the numbers. It's always great when people on the boards are willing to give worst-case scenarios and recommend waiting for lower buy-in points, and don't just pump everyone to buy in immediately. Your advice is much appreciated, as usual.
Posted by NaturalResources on :
Energy Sector still taking a beating, NG down 0.691
THE STEM-CELL LEGISLATION that has sparked controversy in Washington and rekindled the debate about when life begins also presents a puzzle to investors. Put your money in a company that could benefit from additional federal funding, and you run the risk of President Bush fulfilling his promise to veto any bill that would finance the related research. But sit this one out, and the legislation could eventually push through in one form or another, allowing public companies that conduct such research to capitalize on the government's deep coffers. What's a biotech investor to do? The answer may be to toe the line between the controversial and the ground-breaking. By investing in companies that conduct stem-cell research not involving contentious embryonic stem cells, investors can hedge their bets, taking advantage of the added attention to the field while relying on a more conventional capital model: One that doesn't depend on the president's signature.
Aastrom Biosciences (ASTM) is such a company. It's conducting adult stem-cell research that doesn't require the destruction of the human embryo, thus insulating itself from the debates over which research deserves federal funding. Perhaps more importantly to investors, the 14-year-old company has begun to make progress on commercial products and has successfully treated patients with at least one of them in midstage clinical trials. Although these aren't the miracle cures for paralysis or Alzheimer's disease that many expected stem-cell research to deliver — most scientists agree treatments for those conditions will require embryonic stem cells — Aastrom has come up with some promising solutions for lesser maladies such as bone fractures and vascular damage.
With no drugs on the market yet — and approvals from the Food and Drug Administration still likely years away — revenues remain scarce. For its fiscal third quarter ended March 31, Aastrom pulled in just $252,000 from grants and sales of therapy kits to other researchers. The company's loss for the period added up to $3.3 million, or three cents a share. At quarter's end the company was sitting on $35.4 million in cash and short-term investments.
SmartMoney.com sat down with Aastrom Chief Executive Doug Armstrong to discuss how the company got started, what its products may soon do for patients, how its fundamentals measure up to its peers', and what in blazes its name means. Here's what he had to say.
SmartMoney.com: How did the company get started and become involved in stem-cell research?
Doug Armstrong: A team at the University of Michigan had developed an approach to be able to take a small amount of human tissue, particularly human bone marrow, and to culture it outside of the body so that it would grow in a normal way. And as part of that process, the stem cells that are found in bone marrow would replicate and grow as well. And that was pretty unique because there were a host of companies, even in the early '90s, that were trying to figure out how to grow stem cells found in the body, and there were a variety of approaches taken. Out of all of those companies in the '90s... we're the only ones with our doors open. They all shut down. And that was, I believe, fundamentally because the approach that was in that founding technology worked. In other words, it actually allowed us to grow these normal human cells and produce them in a way that they retained their functionality as tissue-forming cells, so that when you put them back into patients, they would function. They would form tissue. In all the other approaches that were employed where cells were put back into patients, they didn't grow tissues.
That's an interesting perspective which serves to illustrate a couple things. One is, it's not easy to grow these normal cells and have them retain their functionality when you want to use them for a therapeutic reason. And secondly, it's why stem cells from bone marrow got such a bad name — because there were all of these failures in trying to be able to access them, grow them and then utilize them clinically.
SM: Where do you get the stem cells that you use for patient treatments?
DA: They all come from the patient. Now, they could be regulated by the FDA and by EMEA in Europe as drug. They're biologics — biologic drugs — so they will have approvals. They will have labeling. They will have reimbursement codes — all of those things identical to drugs. There's one big difference, and that's the manufacturing, and this has been a real barrier to entry for many groups. It comes down to this: Usually if you're going to treat 100,000 patients with a drug, one lot of drug is manufactured and put in 100,000 vials and shipped out. In our case, we have 100,000 manufacturing runs, not one, because every manufacturing run is patient-specific.
We have worked hard to have a fully automated manufacturing process. And with that automation, we've built into modularity, so that we can go anywhere in the world right now and do pilot manufacturing locations for trials. Then, as we go into larger trials, and then into commercialization, manufacturing will actually be brought back into centralized manufacturing facilities, where we'll have the same platform automation technology.
So, the process works where the physician would write a prescription for cells. When the patient is going around for the blood test and the urine test and things like that, a small amount of marrow would be aspirated in an outpatient procedure [and] dropped in a shipping container that goes right to the manufacturing facility. The manufacturing facility provides it back to the hospital pharmacy, and it's available at that hospital when it needs to be used by the patient.
Part of the difficulty in seeing the vision is that there are certain things that aren't done today that will be done when this becomes a product. It's just like the central labs for pulling blood. In the old days, each physician did it. Now, they just go to a lab. That would just be part of our business — either integrating one of those labs or clinics, or we would hope to work with hospitals to help expand that need. So, there are certain things that are new here. You can't just plug-and-play.
SM: How long does that process take?
DA: It's a 12-day process. We have over the years worked it out so that it is the same process for every patient, and we have worked out the procedure so that every patient will have the product. That's been another big, big hurdle in our field, is how do you productize these cells? It's one thing to show that you have cells that can in a laboratory do this or that or have the capability to perform in a certain way. It's a whole other thing to turn that into a standard medical product that's going to be used for patients all over the world. And that's been a very difficult hurdle to clear for many groups, and it was for us early on, but we've had a number of years to be able to work that out. And part of that hurdle is that if it's going to be like a drug — in other words, a physician can write a prescription for it and the patient's going to get a reliable treatment — that drug's got to be there every time they write the prescription. So, that means the manufacturing process for the cells has to be very reliable. The cells that come out of that manufacturing process have to be very reliable in their numbers, in their function. It's no good if you get a million cells for one patient and a billion cells for another patient.
SM: So what's your estimate for an annual patient population for the bone-fracture treatment?
DA: For the fractures, we think the segment that's available to us is about 175,000 to 250,000. The number of fractures, of course, is much higher than that. This is the area of severe fractures that would be candidates for our indication. And the market for spine applications is approximately 400,000.
SM: And vasculature? DA: The patients in the United States that go to amputation are in the 200,000 to 250,000 range. The patients who are at the stage of getting these interventional procedures to hopefully stem that tide are more in the 500,000 range. And then you go to European and Japanese markets — that's a big, big market, and there is no effective therapeutic there...
There's been a series of clinical trials that have come out that show that if you take about a quart of bone marrow, concentrate it and inject it into that tissue, it can stimulate and regenerate that vascular tissue. And the link for us is that we've been able to show that we can effectively substitute for large volumes of bone marrow. So, that's partially the drive to be able to move into this indication.
SM: So, it seems as if embryonic stem cells would have no particular place in your business model.
DA: Yeah, our focus is on products and being in the clinic and starting to generate revenue. And we have our hands full with what we have in-house. We are very interested in what's happening in that area, of course, particularly with any research that begins to provide what's called effective instruction to the cells that can be a benefit to a tissue. As I was mentioning earlier, there are certain tissues that aren't normally replaced everyday in our bodies, like nerves. So, there needs to be some additional biology, I think, to help effectively solve that problem. And if some of that additional biology can be identified through the embryonic stem-cell work, we would immediately apply that to our own stem cells.
With bone marrow stem cells, there's a big difference here, in that you can't isolate, purify and put bone marrow stem cells in front of you. There are too few. No one's been able to do that. Our Tissue Repair Cells — they're not pure stem cells — are a real mixture of cells. If you destroy the integrity of that, you can't grow the stem cells anymore. Embryonic stem cells are different. They're pure. If you want to do research as a biologist, that's just what you need. They're all right there. They're pure. They're all the same. You can actually do research that you can't do with bone marrow stem cells. But it doesn't mean that some of the things you learn can't be applicable. So, we're very interested in seeing what is learned, so we can then apply it to our cells.
But do we see anything going into the clinics soon there? No. I think you're going to hear and will see the anecdotal amazing story come out, which is going to be good. But even from that point, getting to something that's going to be productized is going to take a while.
SM: Where did the company get its name?
DA: The company, Aastrom, is in Ann Arbor, Mich. The A-A is for Ann Arbor; the S-T-R-O-M is for stromal cell. It's a key part of the early and current technology. The company began operations in 1991. We'll call it an old-style biotech spinoff out of the University of Michigan with venture-capital backing and a pretty traditional format. The lead investors at that time actually brought me to lead the company, so I've been with the company since 1991, a pretty long stint. A very long stint. It was supposed to be two years. It didn't work out that way.
SM: There's been a lot of press recently about Big Pharma absorbing or collaborating with smaller-cap biotechs to augment their thinning pipelines. Is Aastrom is a good candidate for that kind of relationship?
DA: Pharma has not been active in the cell-therapy area because that's not what they do. That stated, they also haven't been engaged because of a lot of the failures that have occurred with cells over the past 10 years. They are waiting for, I think, unequivocal clinical results to show that these results work and a business model to show that they can make money. Those are our objectives. With that, we think partnering will begin to unfold in a more positive way. Part of our business model is to pursue at least marketing partners for the different indications of use.
SM: What about the reverse relationship, taking a smaller company on? DA: We have such a long list of applications ourselves, we probably would not be looking for someone who has a new application. What we might be looking for is someone that adds either critical mass or a related application in the marketplace, someone that could be otherwise supportive or synergistic with what we're doing. If our market cap continues to grow, we will put that capital to work and look to bring in additional components that would allow us to the either get to market sooner or in a larger way.
SM: Thomson First Call projects negative earnings per share for Aastrom into 2006. Can you account for those numbers, or do they concern you?
DA: Yes, and I think it's fine. We'll be investing in our clinical activities and research activities for a few years. Investors should look for value in the company, not from our revenues, but from definable clinical results from our clinical trials. Even though we're only spending money and raising money, we've shown steady growth in our market cap and in our share price, and we will continue that model for the next couple years. In May of 2003, we had a market cap of $24 million and share price of approximately 40 cents. So, this year, at the end of May, our share price was over $2.20, and our market cap was over $225 million.
SM: Why else should someone invest in Aastrom?
DA: I think it comes down to a couple of pretty important, basic things. One is this is a company that's not focused on cool technology. It's focused on cool products. The products are now in the clinic in trials. There should be a continuous flow of clinical milestones coming out of this company from now until we get into revenues. And, talking about tissue regeneration, you either grow tissue or you don't. So, you're not running a 200,000-patient trial to get a statistic like a 10% difference in five-year survivals. We're really looking at pretty definitive, early-term types of indicators to show that things are working.
News flow will be pretty continuous out of these clinical pathways. So, there should be, we think, the opportunity to value growth in measurable ways. You're also going to be able to begin to track, with each month that goes by as we work through this process, the real timeline until revenues will be there, where they're going to come from and how that's going to work out. The business model will begin to firm up with announceable events. One of our milestones for the next six months is to establish our first pilot commercial manufacturing facility in Europe.
So, we've already mitigated a lot of the technology risk for the investor. The cells are safe when we put them in patients. We know that they can generate healthy, normal tissue. We know that they're functional. So, it really comes down to what's the specific indication, the product, and when do we get to revenue. And that's what you can begin to track with this company. In the space, there's no one else close to being able to have that type of story
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Posted by farmgirl on :
Well we closed at .062 which is slightly higher then I thought. I am holding on to see what tomorrow brings. WIll this stock continue to slowly dry up or will we be able to watch it grow. WInter is already starting for some.
Posted by OU_Sooner on :
I am keeping this one on my radar.
Posted by QuestSolver on :
just got back in,seems I missed 2 calls from the southwest...LOL....yeah Texas...I'll let ya'll kow what is said if I can reach them back!!
OT--did anyone try to buy CLBE? I only got several partials up to .049, see how hard buying low floaters are! they move quick though once they start.I contacted a friend to let him in on this but he already took a position yesterday,figured I would return the favor since he turned me on to BIPH at .09,I tried giving him AMEP at .013's but he only plays the Biotechs!!! I told his butt to step out of the box for once...I know he regrets it now I bet!
Posted by redneck woman on :
Here's my email response from Joe Christopher re: Berlin Exchange Cathy:
We have had several investors inquire this morning about the impact the Berlin exchange has had on our stock. We have requested in the past to be de-listed on that exchange. They have not responded. In reality there is not really much that we can do.
The real question is how much trading is taking place on the Berlin exchange? This morning when we had traded over 14 million shares only 116 thousand had traded on that exchange.
I believe the real problem lies with our own stockholders who bought recently in the quick run up. They didn’t have a real understand on the company. They were only buying because a computer program drew their attention to it due to price movement, volume and momentum. They are now selling for the same reason. The heard mentality is rarely right.
My advice, as always, is to put your AMEP stock into a nice clean envelope and slip it between your mattresses.
Take it out in a year and I believe you will be pleasantly surprised.
If you have any questions please call me at (800) 417-3670 Joe Christopher
Posted by inVasion on :
Hi everyone, just found you guys today and I am very grateful to all of you who really stick to the numbers and share all this valuable information.
I just got into AMEP today at .066.. we closed below that and was wanting to see if this was a good play and if any of you think this will make another run?
inVasion305
Posted by Jerm on :
inVasion, I don't know if this will make another "run" but I am confidant that it will slowly keep climbing for months if not years to come.
OT- Quest, yes, I was able to get my fill on CLBE... however, I did not want to mess with it so I simply bought on the ask.
Posted by special ed on :
quote:Originally posted by emonkey0015: what kind of music do you spin Special Ed
OT: depends on the venue or type of event. at the bars and clubs, I typically spin funk, rnb, hiphop, and 80's....apparently the name for it now is called mash-up. for corporate events where the clientele can be much older, I'll throw more 50's-70's in the mix. I'll also spin house (and it's other sub-genres) however the house scene in san francisco has significantly died down so not much money/demand for those types of gigs.....
Posted by bmaxingout on :
clbe: be very very carefull
Posted by QuestSolver on :
Bmax...now why is that? all financials are in order and all filings in line along with many other DD factors,look at the 3 year chart and see where this one is used to riding for a long time.
Posted by bmaxingout on :
i just get worried with stocks that move that fast i just dont seem to do well with stocks that move that fast.just be carefull now that is jmho i dont want anyone to think that im bashing it.because i have NOT done any dd
Posted by imakmony2005 on :
just got off the phone with Joe Christopher and let me tell you guys gals give him a call hes great, ask about the leases they have and there income, then if i were you id be BUYING. 1 800 417-3670 MONEY.
Posted by 1DayataTime on :
Joe is the best and is really convincing. He knows what he is talking about and in about a week here, we're going to have a REAL company and this will no longer be just another penny stock.
Posted by imakmony2005 on :
HOPE SOOOOOOOO.
Posted by QuestSolver on :
I am really glad many called today,see why I have stressed that point now.Talking to Joe it can give you a good feeling of an inside view of the ONG operations.
Posted by 1DayataTime on :
The truth is until the press release comes out next week, no one really knows what will happen to the PPS. One would logically assume that it would stabalize and move upwards in anticipation of the annoucement for commencement of operations once the drill has completed testing. But I the past few days have shown us that day traders may very play with it in the interim. It seems that MMs have stepped aside for the time being (which is very good). Nonetheless, we really have to see a days gain until we move forward.
Posted by 1DayataTime on :
After my conversation with Joe and Charles, it seems clear to me that there should be a press release next week about the drill. Although that will not signify any revenue numbers, it will really christen AMEP into penny stock that finally makes REAL money which it hasn't ever been in the past. Looking at its balance sheet and the liabilities it as, it really needs to start making some serious $ before the PPS can really take off. One the drill is in next week, everything should be up from there. But the real question remains - will people invest when the drill is in the ground or will people wait until their next quarterly report comes out???
Posted by newpenny on :
Just curious, Has anyone gotten a commit from anyone at the company that they will not be adding shares as the price goes up??? to buy more land or something...I love this company and I think that would be about the only thing standing btw us and a bundle...sorry if this has already been answered
Posted by Berlin on :
just got in today at .066 this goes in my long-term porfolio.
Posted by Persia on :
AMEP opened in Germany at 0.04 Euro, that's around 0.50 USD.
Posted by Persia on :
Opened at 0.50 and now around 0.60.
Posted by FlipMe on :
This looks like another fantastic entry point. Not in it yet, but will be adding soon.
Posted by Slippery Wing on :
OK, out of town for three days, come back to a huge slide.... What did you all do?!
Oh well, the rest of the market was down too, so I didn't worry too much about it....
So whats the AMEP forcast going into the weekend? Fill me in here! I notice that there's no significant news yet...
-Slip
Posted by Slippery Wing on :
OK, oil and gas look to be rebounding this morning... NGAS is up a half dollar, CHK is coming back, refiners are bouncing....
Maybe the big sell off is over!
Now lets make a run!
Posted by QuestSolver on :
just saying ugly today is an understatement,and its Friday on top of that to.
Posted by Slippery Wing on :
So what happened, Quest? I noticed the indicies were all down for the last three days, so I'm not too worried.
Is this a end-of-Q3 sell off?
Posted by farmgirl on :
And how low should I brace myself for?
Posted by QuestSolver on :
OT--trying like hell to pick up 25k more of CLBE at the ask and not even getting a nibble!
Posted by Slippery Wing on :
Hey! Let's see a positive tick now!
Posted by llatffej on :
got in at .06 today. looking for a nice push
Posted by 1DayataTime on :
Could it push .07 today??? Come on AMEP!
Posted by pensandoenti67 on :
bought more today at .06
come on baby
Posted by 1DayataTime on :
My funds are so deep in this stock, it's just plain crazy. My next paycheck is not until NEXT Fri, but you can count on AMEP getting the blunt of it.
Posted by 1DayataTime on :
RSI looks good and it may stay in the green today. Approaching new HOD. If trend continues after lunch, the positive buying pressure that has occurred over past three two hours may exceed the longest green hold we've had since past 48 hours.
Posted by llatffej on :
going up!! at the HOD!! .07 soon maybe by close
Posted by 1DayataTime on :
EOD will break .07 baby! Best run we've seen in the past 2 days. People know there is good news next week so it may gap on Monday.
Posted by mmalone on :
Lookin good! Finally recovering, hopefully it'll stick this time.
Posted by QuestSolver on :
hope it holds .07 for the weekend!!
Posted by Superbee383 on :
Fasten your chin straps!
Posted by 1DayataTime on :
Now that's what I"m talking about!
Posted by JL on :
Bought a Few Shares .067
Posted by Slippery Wing on :
Good little run we got goin' here!
Posted by pensandoenti67 on :
where we headed?
What's your call for next Friday?
I hope we are back to .14's
Posted by QuestSolver on :
closing good on friday is a big plus.
Posted by iwearpro on :
i just got another buy in at .069.. i dont think we will have a problem getting into the teens next week.
Posted by 1DayataTime on :
Next week is the week for AMEP. This should be building all next week in anticipation of the commencement of drilling. We should ask for no more than 20% daily gains along the way so it doesn't send off crazy signals to MMs.
Posted by pensandoenti67 on :
mm's made lots of money this past week, they are hungry and I states on Weds., AMEP has the momentum and the interest of many investors including you and I.
Gas price soar in the winter and the supply of gas is small. companies such as AMEP will make huge profits this winter, can't wait untl annual revenues are announced.
Posted by 1DayataTime on :
When revenues are announced, this thing will SOAR! In the mean time, we just got to ride these spikes and dips. The MMs have permanently bookmarked this penny stock which is both bad and good. If you can't beat em, join em - at their own game.
Posted by QuestSolver on :
looking excellent for a Friday!
Posted by Jerm on :
Great point 1DatataTime! Join the MM's I shall... just going to keep adding to my free shares instead of profits.
Posted by pensandoenti67 on :
imagine what next will be like, we alreayd had a big dip this week. All I can see is green next week, just gotta play with the MM's, gotta join, we will never beat them.
How high are they going to let it go?
Your guess is as good as mine.
Posted by 1DayataTime on :
The real question is this guys: There is no doubt in my mind that CB will have the press announcement next week or 10 days from when I spoke to him the day before yesterday - whatever comes first. BUT, MMs typically run these pennies up in anticipation of news only and sell off once it has arrived. SO, we could look at green M, T, W and when the news comes out, it may dip again. But let's play the next few days strong and see where that takes us.
Posted by rayraypico on :
Does anyone know when AMEP will have its quarterly report for the third quarter??
Posted by bmaxingout on :
well it looks like we might have finaly settled down mon i will start buying a posistion of 1.5 million shares if things go well i will be buying 1.5 million shares again on tuesday i will be selling half at nine and the rest at .11-.12 hopefully;-) also be playing dprk for twenty five thousand shares.have a great weekend and next week we make money. bmax,
remember this is my opinion only do your dd and good luck.
Posted by QuestSolver on :
looks like I will have 2 gappers Monday at open
AMEP and CLBE!!!
Posted by mmalone on :
quote:Originally posted by rayraypico: Does anyone know when AMEP will have its quarterly report for the third quarter??
Last 10Q was on 8/15. Next one should be 11/15.
Posted by maumee river rat on :
CLBE Questionable
AMEP Don't see it happening
Posted by Persia on :
The thrid quarter? How about the drill PR. I'm waiting for that one.
Posted by 1DayataTime on :
Will gap to .08 on Monday
Posted by Slippery Wing on :
Good EOD gainer! See you guys on Monday!
Posted by 1DayataTime on :
See you on Monday. I'm going to lunch now. Next week is the big week..... GO AMEP!
Posted by mmalone on :
quote:Originally posted by maumee river rat: CLBE Questionable
AMEP Don't see it happening
Care to explain? Both companies look promising to me. Lots of DD suggests that is the case. I'm interested in what information you have found to suggest otherwise.
Posted by QuestSolver on :
river rat....we'll see,bet both open high.With CLBE only one way to go for this one imo,coming off an all time low this should be up in the teens soon.AMEP and the energy sector on the first east coast cold spell this weekend will wake it up quick!
have a great weekend all! great close
Q
Posted by maumee river rat on :
quote:Originally posted by mmalone:
quote:Originally posted by maumee river rat: CLBE Questionable
AMEP Don't see it happening
Care to explain? Both companies look promising to me. Lots of DD suggests that is the case. I'm interested in what information you have found to suggest otherwise.
Just took a quick look AT the charts... Don't have time to realy rip into them at the moment...I will look a bit closer this weekend and post.. First look didn't make me all happy, nothing jumped at me...I didn't intend to freak anyone out.. Amep does however look to be in the up mode for a bit....Just don't know if I think it will gap and hold on Monday is all. Looks like it has potential to be a good one in the near term however..
Good luck!!
I will post on it this weekend if I see anything either way..
Hey I'm lookin for winners too!!!
Have a good weekend all!!
Posted by 1DayataTime on :
Persia, the PR about the Drill next week will be positive but that news about a drill is just that - Wall Street and investors only really respond to numbers and the Quarterly earnings will be HUGE since it will (in theory) been drawing product and revenues for at least a month. That's when this thing will be on track to 50 cents. But hopefully in between the announcement of the drill and then the quarterly report, we'll see a steady rise in the PPS. I have a feeling though the MMs will have their fun in the month of October leading up to the quarterly. The MMs will not be able to compete with Institutional buyers which will pour in once a real quarterly report is on the table! It should be all up from here guys!
Posted by johnny14511 on :
this site says on this stock!
i really dont need this site to tell me how good this stock is!
There are some other blogs but the buzz is positive. People are waiting to jump back in this one on Monday. Should be a good ride.
Posted by bond006 on :
more than oil stocks
Member Rated: posted 07-10-2005 19:50 -------------------------------------------------------------------------------- this is a long artical from money and markets but it is worth the read
Money and Markets Thursday, October 6, 2005
• The NEXT 40% Rise in Oil • Dow Transports in Trouble! • The Big Squeeze • Two Wake-up Calls • Black Gold vs. Yellow Metal • Financial Weapons of Mass Destruction • Update on the Gulf of Mexico • Stay Alert … Asia Front Line
Dear Subscriber,
I love quick market corrections like the one we’re seeing right now in oil and oil stocks.
It’s giving early investors an opportunity to add to their winning positions.
It’s providing latecomers with an opportunity to jump on board.
And it’s helping to shake out the weakest players, paving the way for the next, robust rise.
Most important of all: This correction has done nothing to change the powerful fundamental forces that have been — and will continue to be — driving the energy sector higher:
The inflation-adjusted peak in oil prices is still the same — at $91 per barrel, measured in today’s dollars. So compared to other costs, oil and gasoline are still relatively cheap. And until oil reaches at least those levels, I believe it’s vastly premature to talk about “high prices suppressing demand,” the latest rationale for lower oil.
The recent price correction does nothing to correct the short- and long-term supply shortages caused by Hurricanes Katrina and Rita.
Nor does it do anything to resolve the shortages stemming from sabotaged pipelines in Iraq and civil unrest in other oil producing countries.
If anything, any temporary price correction right now merely discourages conservation efforts.
Plus the price correction encourages still more demand from the same countries that have been leading the demand surge month after month — the U.S., China and India. My view: Before we can begin to talk about an equilibrium between supply and demand, oil prices must get back up into the $90 - $100 range. And by that time, there are bound to be more pressures from demand and from overall to push prices even higher.
My forecast: $130 oil sometime next year.
My recommendation: Hold all your energy and natural resource positions, and wait for my signal to buy more.
Dow Transports in Trouble
While this week’s decline in oil and energy stocks has all the earmarks of a temporary correction, the decline in the Dow Jones Transportation Index is another story entirely.
That’s why, in my Energy Options Alert, I told subscribers to expect a big plunge in the Dow Jones Transportation Index as profits got clocked by higher energy costs. Plus, I went one step further: I told them to buy a put option on the index — an investment that helps you actually profit from the decline.
In late September, the Dow Transports defied my expectations and went up instead of down.
Now, however, the decline I was anticipating has finally begun: In just the last two days of trading, nearly all its recent gains have been wiped out.
Plus, in the next few days, the index looks like it could plunge through its September levels -- and beyond, to a new, 4-month low.
No, energy prices aren’t high enough yet to make a significant dent in demand. But they’re certainly high enough to trim profit margins and stock values in these energy-dependent companies. And this is just the beginning of the damage that I see to a wide variety of companies in virtually every sector.
That’s why four months ago, I issued an even broader warning to my Real Wealth Report subscribers. My headline was:
“The Big Squeeze”
I told my subscribers that key sectors of the U.S. economy would soon look like an orange that had been sliced in half and squeezed in a juicer.
Now, the Big Squeeze is here.
It’s not a temporary phenomenon. Nor is it caused exclusively by surging energy costs. It’s also the result of too much debt ... too little personal savings ... surging prices from other basic materials ... and rising interest rates.
It’s why corporate profits are starting to slump and why companies like General Motors, Ford, Northwest, Delta and many more are in shambles.
Two Wake-up Calls
The decline in the stock market yesterday was your first wake-up call. The news from General Motors was your second.
GM is setting aside up to $800 million from its balance sheet. Plus, it’s selling its remaining stake in Fuji Heavy. These are signs of a company in the first phases of serious distress.
Look at it this way: If giant GM lost $2.5 billion in the first half of the year ... is restating the value of its balance sheet by $800 million ... and is selling off what was once considered a valuable asset ... then you can be pretty sure there are dozens, perhaps hundreds, of other companies that are facing similar, or worse, troubles.
So I hope you’ve listened to my recent warnings and have most of your money safe, in a short-term, liquid, money market. And I hope you’ve also taken seriously my recommendation to limit your stock holdings mostly to natural resources, which should continue to do well.
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Black Gold vs. Yellow Metal
As the torrid pace of events accelerates over the next few months, here’s one fundamental issue you should always keep in mind: The gross undervaluation of gold.
Consider, for example, the relationship between the price of gold bullion and crude oil.
Historically, an ounce of gold usually bought between 11 and 15 barrels of oil. Today, an ounce of gold buys only 7 barrels.
Since it’s unlikely that oil will fall much from current levels, that means the yellow metal is dirt-cheap compared to the price of black gold.
So let’s do the math ...
Say the price of oil stays at its current $64 a barrel. For gold to get back to even the lower end of its purchasing power vis-à-vis oil (11 barrels of crude), that would mean gold would have to rise to $704 an ounce.
And for gold to get back to the upper end of its historical valuation relative to oil (15 barrels), it would have to soar to $960 an ounce.
That sets the parameters very clearly: Gold will have to trade between $704 and $960 per ounce.
And all this assumes no further rise in oil prices. At $90 or $100 oil, gold will have to go much higher.
Unrealistic? I don’t think so. Indeed, gold today is essentially just as undervalued as oil was in 2001, when it was trading at just $17 per barrel. So when gold springs to life and starts adjusting to the loss in the purchasing power of the dollar over the last 20 odd years, it too will explode higher, just like oil has.
I repeat: Gold is extremely undervalued.
I fully expect it to reach $1,000 an ounce. Meanwhile, select gold shares — those that do not hedge the price of gold — could double and triple from current price levels.
No, that’s not going to happen overnight. And like oil, gold and gold shares are also subject to downdrafts and price pauses. Don’t let them bother you. Instead, keep the big picture in focus. That way, you can ride these trends for their full glory.
What are the most likely triggers that could set off the next explosive rally in gold? There are several:
First, general inflation. It’s rising, just as I’ve been predicting for over three years. And, right now, it’s going to start rising much more quickly. The most immediate reason: The $200 billion in paper money that the government is going to have to print and borrow in order to rebuild the Gulf ... plus, lax monetary policies in virtually every corner of the globe.
Second, rising social and political stress. Unfortunately, the war on terror is destined to continue for years. There will be social upheavals in China between the rich and the poor.
And there is no end in sight to the heated ethnic conflicts precisely in those areas where natural resources are among the richest: Central Africa, Indonesia and key regions of South America.
I expect all of these to escalate in the years ahead, creating acute shortages of raw materials, more inflation shocks and surging demand for gold.
Third, the dollar decline. While it’s stable right now, the long-term downtrend remains firmly intact.
The budget deficit — which will now blow out to record highs due to Katrina and Rita — virtually ensures a falling dollar. Added on top of that: Another $44 trillion in unfunded liabilities in this country.
Fourth, don’t forget ...
Derivatives: Financial Weapons of Mass Destruction
Derivatives are instruments used by banks, insurers, commodity producers and other institutions to help hedge against losses ... and to make speculative bets on the future direction of virtually any market.
Most of the players and analysts stress the hedging side of the equation. They see these leveraged bets as good “insurance” to help provide markets with better liquidity and investors with better protection against adverse price moves.
The problem: Derivatives are designed for protection against reasonable price movements that are largely expected. They do not provide protection against dramatic changes that are unexpected. In fact, it’s precisely those kinds of disasters that can cause a massive “blow-up” in derivatives.
Some examples: The 1992 currency crisis in Europe … the 1994 Mexican peso crisis … the collapse of Barings Bank in 1995 ... the Asian Financial Crisis of 1997 ... and the default by Russia on its debt in 1998, precipitating the demise of Long Term Capital Management — just to name a few.
Now, here’s what bothers me the most about the derivatives market: Its growth is out of control, and no one has a good handle on who owns what or where the hidden risks may lie.
According to the Office of the Comptroller of the Currency (OCC), the notional, or gross amount of derivative bets held by insured U.S. banks, is now $96.2 trillion.
If just 1% of the $96.2 trillion in derivatives were to go bad, that could cause nearly one TRILLION in losses that would cascade through the system.
What might trigger the derivatives crisis? I see three major threats on the horizon:
Threat #1. Surging interest rates. The OCC reports that 85% of the derivatives are based on the direction of interest rates. That means that if I’m right about oil, natural resources and inflation, and if the inflation drives interest rates up as sharply as I expect, there are bound to be a series of disasters in this sector.
Reason: When placing their bets, thousands of banks, insurance companies, and mortgage lenders rely on relatively stable, or at least predictable, interest rates. If rates spike more quickly than expected, many will get caught with large losses, and some could even fail.
Threat #2. Real Estate Prices. The average price of a condo in Manhattan has slumped 13% in the third quarter just ended, the biggest drop in 16 years. If Manhattan is slipping, you can pretty much assume that the hot real estate markets elsewhere are starting to crack as well.
There are trillions of dollars at stake in the mortgage markets, with many links to the interest-rate derivatives I just told you about. So a sharp, unexpected decline in real estate prices could send many banks, mortgage companies and other financial institutions over the edge.
Threat #3. The dollar itself. If the dollar’s long-term decline resumes, as I expect it will, the greenback itself could set off a derivatives nuclear bomb.
How so? Foreign investors are financing up to 75% of this country’s trade deficit as well as a substantial portion of the U.S. federal deficit.
Result: The U.S. has suffered a rapid deterioration in its net international investment position (NIIP). Specifically, in the past 23 years, our NIIP has deteriorated from a liability of merely 10% of GDP to a liability of almost 25% of GDP.
Meanwhile, the value of foreign holdings in the United States now exceeds U.S. holdings abroad by nearly $4 trillion.
That’s unsustainable. At some point, overseas investors will throw in the towel on U.S. assets, and the dollar will crater, causing more derivatives bombs to go off.
Update on the Gulf of Mexico ...
As of this morning, production in the Gulf that’s still shut down amounts to over 1.3 million barrels of oil per day, or nearly 90% of the daily oil production.
Meanwhile, the shut-down in gas production is over 7 billion cubic feet per day, equal to just over 71% of the daily gas production.
Since Katrina hit, the cumulative shut-downs in oil production is over 46 million barrels, 8% of the yearly Gulf production; while the cumulative gas production shut-down is 226 billion cubic feet, over 6% of the yearly gas production.
In short, the recovery progress in the Gulf oil and gas production is a lot slower than most analysts expected.
Look at it this way: Last year’s Hurricane Ivan destroyed 7 platforms, 100 pipelines and ZERO rigs. By contrast, Katrina and Rita have destroyed 90 platforms, at least 5 rigs, and a still-unknown number of pipelines.
Stay Alert ... Asia Front Line
Next week, I’m off to Asia with stops planned in Bangkok, Shanghai, Hong Kong, and if time permits, Mumbai. I’ll be reporting to you from the front lines.
Best wishes for your health and wealth,
Larry Edelson Editor, Real Wealth Report Energy Options Alert Gold Trader Hotline
MONEY AND MARKETS (MAM) is published by Weiss Research, Inc. and written by Martin D. Weiss along with Larry Edelson, Tony Sagami and other contributors. To avoid conflicts of interest, Weiss Research and its staff do not hold positions in companies recommended in MAM. Nor do we accept any compensation for such recommendations. The comments, graphs, forecasts, and indices published in MAM are based upon data whose accuracy is deemed reliable but not guaranteed. Performance returns cited are derived from our best estimates but must be considered hypothetical inasmuch as we do not track the actual prices investors pay or receive. Contributors include Marie Albin, John Burke, Michael Burnick, Beth Cain, Amber Dakar, Scot Galvin, Michael Larson, Monica Lewman-Garcia, Julie Trudeau and others.
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What type Ideco Rig model is this amep bought? TIA
Posted by QuestSolver on :
MINERAL WELLS, Texas--(BUSINESS WIRE)--Sept. 1, 2005--American Energy Production, Inc., (OTCBB: AMEP - News ) announced today that AMEP Strategic Investments, Inc., an investee, has purchased an 8,000 foot capacity Ideco drilling rig from Aramdrill in Mexico. This acquisition allows American Energy Production, Inc., and its' investees, Bend Arch Petroleum and Oil America Group, Inc., to redefine their long range exploration and development strategy for the 7,000 acres of Barnett Shale prospects currently owned by Bend Arch Petroleum, Inc.
Yeah, this site is okay. Like most of these stock sites, the Stockwire guys are paid a lot of money (and stock) to cover certain companies. The unique thing with Stockwire, though, is that they fly in and film interviews and look around the facilities and then make a little PR movie that they send out on CD to subscribers (for free).
Since it's paid for by the company being covered, you have to take it all with a gallon of salt, you know, but it's not untrustworthy, per se. And the StockWire blog is mining real data and seems more or less reliable... although it's purpose is to to lure in more potential subscribers to the free PR service (movies and newsletter), I don't think it's illegit.
I get the Stockwire CDs in the mail, and they can be helpful in certain cases: If you're already interested in the stock for other reasons, say, then the movie on the CD is great, since it gives you a visual look at the company; but if your own DD and the trends don't look so hot, it's best to ignore the film, which could get you excited about nothin'.
Posted by pensandoenti67 on :
This chart looks so sweeeeeet!
Posted by Bluemound_Freak on :
Maybe something today!
Posted by MoneyHolic on :
AMEP will continue to have a strong week!
Posted by 1DayataTime on :
If this thing closes in the green, me thinks American Bulls will give it a confirmed buy.
Also, don't forget it's slow/ low volume today because it's columbus day.
Posted by BUY N LOW on :
It looks like this stock just went back to fill in the technical gaps and should continue to go up and i think this winter its gonna Scream!!! looks like a great buying opportunity right now
Posted by MoneyHolic on :
We are getting a late run here!!!
Posted by 1DayataTime on :
EOD!!!!!!! .09 BABY!
Posted by MoneyHolic on :
Let's RIDE!!!!
Posted by bond006 on :
we are so close maybe we will get the cigar come on .09
Posted by MoneyHolic on :
Quest whats your outlook for AMEP tomorrow?
Posted by QuestSolver on :
that depends...on no news a dip in the AM early but should bounce back and start the gradual climb again.
Posted by MoneyHolic on :
Overall we've had a solid day today!!!
Posted by G_Ho on :
great day.
climbing back out of the cellar. sure wish I woulda/coulda/shoulda bought some in the .05s last week!!
Posted by bond006 on :
solid sea of green at the end what a day for no news. no news tommorow we close .095 my best guess if we have good news i don't know
Posted by metermaid on :
I'm real new at this, and my knowlege is at best limited, which is why I seldom post comments or opinions. However, I think today was a great day for our stock because today it did not follow the market but instead broke out of the pack to stand on it's own.
I see today as a real turning point for AMEP. It was a bad day for the market but not for our stock. I do not think there are too many others that can say they ended this day in the green...especially if they are an ONG stock.
AMEP is "The Little Stock that Could!"
Posted by Lucas Brachish on :
My only gains today:
ESNR: 4.76% KNOS: 5.71% AMEP: 14.42% !!
And of the three, I've got the most hope for AMEP to keep climbing at a quick and steady pace. Not to mention AMEP was already beating out everything else I own. I shoulda put more into this puppy instead of the dozen other dogs and slow-pokes I own, but I'm happy I've at least got this winner propping me up ... Looking good!
I'm holding out for the long haul.... anyone here plan on dumping or swinging? AMEP is treating me so nice, I hate to ever let it go....
Many thanks to Akira_Lapin for starting this thread and Quest and the rest for keeping us informed. Can't wait to follow you kids on the next ride....
Posted by Bluemound_Freak on :
I shoulda put more into this puppy instead of the dozen other dogs and slow-pokes I own, but I'm happy I've at least got this winner propping me up ... Looking good
That is just what I have been thinking! Ic ould not have said it better! Posted by Slippery Wing on :
OK, I know this isn't about AMEP, but it's along the same lines.
What is happening to oil and gas stocks? They are sliding with the rest of the market, even when oil and gas is still at high values. Oil and gas are both back up today, but the company stocks are still sliding.
Now, its a little comforting to know that the entire market is sliding as well...
Any ideas?
Posted by 1DayataTime on :
Slippery Wing, you have to remember that regardless of what trends occur in the ONG sector, AMEP is a solid company that is about to start rolling in some serious revenues. Even if the ONG crisis wasn't happening, I would still invest in this one. It's just brilliant timing for all of us that there is a great little company about to burst out with great revenue and it also happens to be in the hottest sector right now!
Posted by pensandoenti67 on :
quote:Originally posted by pensandoenti67: I say .088 by eod !!
Good luck
I was close, I see .0943 tomorrow (Tuesday)
Posted by redneck woman on :
I thought ya'll might be interested in this article about the Barnett Shale in todays Fort Worth newspaper. AMEP is definitely in the RIGHT place at the RIGHT time!!
Posted on Mon, Oct. 10, 2005
Shell, Pickens enter Barnett play
By DAN PILLER
STAR-TELEGRAM STAFF WRITER
RIO VISTA - Thanks to Mike Patman, the multinational Shell Exploration and Production Co. and Boone Pickens are now in the Barnett Shale natural-gas play. Patman hooked up with the two heavyweights by offering something increasingly rare these days in the Barnett Shale, 75,000 acres of leases rarin' to go for somebody with the capital to get the rigs in place. Shell is the answer to a riddle that has vexed North Texas energy operators for most of this year: the identity of the mysterious multinational that was coming into the 6-year-old natural-gas play that extends around Fort Worth. Shell signed an agreement last month to partner with Patman's Sundance Resources to drill in Parker and Erath counties. Shell also bought 25,000 acres of leases in Parker County that it intends to exploit on its own. It thus becomes the first integrated multinational energy company to join a play that heretofore has been dominated by Texas- and Oklahoma-based independent producers. "We view the Barnett Shale as a significant resource and see the potential in the expansion of the field," says Shell spokeswoman Kelly op de Weegh. Pickens, who built Mesa Inc. into one of the nation's largest natural-gas producers from its base in the Panhandle and who now operates the BP Capital energy investment firm in Dallas, wasn't available to comment last week on his venture into the Barnett Shale. But a spokesman, Jay Rosser, confirmed the Pickens partnership with Sundance, saying "Mr. Pickens is pleased to have some skin in the Barnett Shale game." So how did Patman, a genial Texas Aggie who for 25 years has drilled his way around East, West and South Texas and eastern New Mexico, get hooked up with big feet like Pickens and Shell? "I had 75,000 acres of leases, and I went to an oil convention in Houston in February and set up a booth," Patman says. "Mr. Pickens came around, and we made a deal before the convention actually started." Shell, too, was interested in Patman's fistful of ready-to-drill leases. With landsmen tramping all over the Barnett Shale, good leases are increasingly hard to come by. Most of them have been taken up by a new generation of independent operators, including XTO Energy and Quicksilver Resources of Fort Worth. Although Patman had the leases, Shell and Pickens (whose deals with Patman are not connected) had something Patman needs: heavy dough. Sundance needs the money to pay for the 12 drilling rigs it is building and will begin operating by early next year. Independents traditionally haven't owned their own drilling rigs, preferring to avoid the heavy capital expense and simply lease the equipment when needed. That strategy has worked fine in the past but lately a serious shortage of equipment has hampered that approach. For the lucky souls who can get rigs, day rates are expected to reach $15,000 by the end of this year, triple the rate of five years ago. The squeeze on equipment is causing an increasing number of Barnett Shale leases to mature after three years without a bit turning in the ground because operators couldn't get equipment. Patman, who with his own rigs won't be beholden to equipment-leasing companies, hopes to take advantage of that situation. "We'll be able to deliver on a promise to drill, and a lot of others won't," he said. At $7 million a pop, drilling rigs aren't cheap. Patman already has four: three working in Johnson County and one in Parker County. The remaining seven are under construction in Houston and are expected to be ready by early next year. Because one rig can drill a new well every 25 to 30 days at the fastest, Patman would have the capacity to drill 130 to 160 wells next year -- if everything falls into place. The work force at Sundance's office in the old Cow Pasture Bank building on Texas 174 in Rio Vista, which now has slightly more than 100 employees, will expand next year by a dozen or so employees per rig. Sundance Resources is a family operation that Patman and his brother, Pat, have operated since 1980. Patman's interest in the Barnett Shale was piqued two years ago on the news that Johnson County was being tapped for gas. Patman and his brother had grown up in Johnson County, seven miles south of Rio Vista. "For years everybody said drilling in Johnson County was a no-go because the geology was supposed to be too impossible," Patman said. "But that hasn't proved to be true." After learning the essentials of Barnett Shale drilling as a nonoperating partner in four wells in Denton County, Sundance shifted the focus of its operations back to Rio Vista. Patman and his leasing agents, led by Vice President Andy Cunningham, beat the bushes for leases. In particular, they headed into Hill County for what is expected to be the next great opening for the Barnett Shale. "At $13 [per thousand cubic feet of] gas, a lot of things are possible," Patman said.
Posted by bond006 on :
good post a wealth of info
Posted by BUY N LOW on :
Great Post Redneck good info,, thanx
Posted by redneck woman on :
You're welcome, although I can't take credit. My husband found the article - he reads every newspaper within a 60 mile radius of Ft Worth and keeps me informed. I have a "personalized?news feed Posted by ducatiboi73 on :
Hello all.....yet another newbie here. I was able to buy in to AMEP at .046 a couple of weeks ago. When the 3rd quarter report for AMEP is released and hopefully showing profitable gains, will it push this up, and if so, any educated, approximate guess by how much? Also, do some of you still think this will be in the .50 range by the end of the year?
Posted by dragonsmoke on :
I think it should go up but for more long term reasons that have been already discussed on this board
Posted by strike1 on :
American Energy Production Inc., Announces Update on Oil Drilling Rig Tuesday October 11, 7:00 am ET
MINERAL WELLS, Texas--(BUSINESS WIRE)--Oct. 11, 2005--American Energy Production Inc. (OTCBB: AMEP - News) Due to the enormous amount of share holder interest, AMEP announced today a progress report on the Ideco drilling rig purchased by Investee AMEP Strategic Investments Inc. ADVERTISEMENT
Charles Bitters, President of American Energy Production Inc., said, "The refurbishing of the Ideco oil drilling rig is going very well. All of the mud pump engines have been started and have great oil pressure. They are all running very smoothly. The draw works engines will be started today. The company is very happy with these results, because any engine problems would set back the drilling of the first well. Pressure washing and new paint on the rig is almost complete. If the draw works engines run properly, later in the week the derrick will be raised and pictures of the drilling rig will be posted on the websites of AMEP and Oil America Group."
The drilling rig work over should be completed and the rig operational in the next ten days. At that time the Company will move the drilling rig to Bend Arch Petroleum Inc., 12 well property, and drill a 3,100 foot developmental well. This well will have four to five potential natural gas formations that could produce 300,000 to 500,000 cubic feet of natural gas per day, however there are no guarantees the well will be commercial. The company will drill this relatively shallow well before it attempts to drill a horizontal Barnett Shale natural gas well to test all the rig systems and work out any issues that may occur on the drilling rig before attempting a maximum depth effort.
Posted by QuestSolver on :
nice update!! also up in Berlin again!
Posted by pensandoenti67 on :
.0943 close today, that was without the update PR.
Posted by nattty04 on :
Someone post a link to the berlin exhange.
Posted by 1DayataTime on :
As suspected yesterday AMEP has now been rated as a Confimred Buy by American Bulls. Let's get this party started in here! GO AMEP!
Posted by HurricaneBob on :
Good Morning Everyone. Could I get some input on the best site to become a member of, so I can receive all the real time chart information including the L2's? I am looking for a site with quality, not one with gliches. I want to avoid misinformation or the disruption of information such as some of my friends did with certain companies during the BCIT suspension.
Posted by 1DayataTime on :
As suspected yesterday AMEP has now been rated as a Confimred Buy by American Bulls. Let's get this party started in here! GO AMEP!
Posted by 1DayataTime on :
AMEP up 32% in Germany. WE ARE GOING TO FLY TODAY PEOPLE! Put on your seat belts because this is going to be Tuesday's Magic Mountain!
Posted by Slippery Wing on :
Oil and gas are on their way back up. Good news for ONG stock players!
Posted by 1DayataTime on :
On Yahoo Finance, you can view AMEP on the German market by typing this symbol: ZD2.BE
Posted by Slippery Wing on :
Up 0.02 in Germany.... Good sign. Thanks for the tip 1Day!
Posted by HurricaneBob on :
And here we go....Time to Rock n roll!
Posted by 1DayataTime on :
Let's kiss .09 goodbye
Posted by BeginnersLuck on :
Bye Bye!
Posted by pensandoenti67 on :
smack!! adios CIAO
Posted by MoneyHolic on :
Good morning Everyone!!! So the news came out on the rig huh?
Posted by 1DayataTime on :
Look at those L2s build around .10 These are the days we always hope for! This is just amazing!
Posted by MoneyHolic on :
We should have another solid GREEN day today!!!! IMO Let's Run AMEP! Let's Run!!!
Posted by pensandoenti67 on :
this run is lasting until Friday
Posted by bond006 on :
My god it looks like the big green profit machine
Posted by MoneyHolic on :
We got great news today! Within the next 10 days we should see a steady climb from here! IMO Rig should be operational by then!
Posted by pensandoenti67 on :
1015 am is the key of where we are headed today. If we remain green at 1015 we will make a good run.
1st 45 minutes of trading is a key indicator.
Posted by pensandoenti67 on :
here comes the 1015 hours and we are dropping.
Posted by Slippery Wing on :
a little dip going on
Posted by 1DayataTime on :
Typical dip after the early morning rally. Last chance to get in for the ride today.
Posted by bond006 on :
it seems to be trading like this up first thing in the morning then dip then up at close we will see if its the same today
Posted by pensandoenti67 on :
I hope you all got in at .087 that's the last of it. AS I said above 1015 is key, it went to .0949 then it drop back to prvious close and maintained there. We are on our way up now. You won't the 8's again until maybe next week after a major profit taking, but before that we are headed to .14-.16 range.
Posted by 1DayataTime on :
Totally agree Pensy. Just fillin the technical gaps here after the early morning rally. This has got a floor now and will just build from there.
Posted by pensandoenti67 on :
1day
where in LA are you from?
I am from Higland Park, next to Eagle Rock and Pasadena, Alhambra.
Lived in Alhambra from 97-00, before moving to Holland from 01'-04, now In Georgia.
Posted by 1DayataTime on :
I am originally from a half hour out of Chicago. I live in beverly hills and am just about to leave for work now. I am a talent agent in training so i have no right to be bouncing this stock advise all over the place! I do find it a rush how to get going in the morning when I wake up though!
Posted by 1DayataTime on :
Leaving for work now. I'll check back in when i get to the office... hopefull AMEP will be up another healthy percentage!
Posted by HurricaneBob on :
1Day Today is the first time I have ever looked at yahoo. I get my quotes from OTCBB page. I have two friends that run my accounts back home. One is holding 166K and the other 188K for me not including their shares. What I am looking for now is the understanding they were trying to convey early last week on the L2's. If I would have listened I could have doubled my shares for free at .13 and .065. Penny has just helped me out by predicting * .15 before another drop back under .10. So if I ditched 166K at .15 like to buy 276K at .09. I need the best realtime info and small explanation of how to read some of the charts I am not familiar with. Alot of times I get real busy in the office and do not have time to track every half hour, so my friends will alert me by phone to significant changes.
Posted by bond006 on :
Looks like we are base building at .09 thats our new launching pad
Posted by mmalone on :
quote:Originally posted by HurricaneBob: 1Day Today is the first time I have ever looked at yahoo. I get my quotes from OTCBB page. I have two friends that run my accounts back home. One is holding 166K and the other 188K for me not including their shares. What I am looking for now is the understanding they were trying to convey early last week on the L2's. If I would have listened I could have doubled my shares for free at .13 and .065. Penny has just helped me out by predicting * .15 before another drop back under .10. So if I ditched 166K at .15 like to buy 276K at .09. I need the best realtime info and small explanation of how to read some of the charts I am not familiar with. Alot of times I get real busy in the office and do not have time to track every half hour, so my friends will alert me by phone to significant changes.
Bob: Usually when people make predictions like that they are looking at moving averages, cyclical trends that appear on the graphs, the flow of money into or out of the stock, and some other key indicators of price movement. Keep in mind that _nobody_ can predict what a stock's price will do with 100% certainty. I don't mean to offend anybody on this board, but always take everything you read about a stock (whether on a bulletin board or from an experienced analyst) with a grain of salt. Above all, do your own DD.
If you're looking for some lessons on reading stock charts, and predicting price movements like you described, check out the education section on clearstation.etrade.com at http://clearstation.etrade.com/education/cover.shtml there is a lot of good info there. A lot of sites that offer stock charts also offer some sort of tutorial on how to interpret the information. Read up!
Posted by Slippery Wing on :
Oil and gas futures moving up big today. Good news for oil and gas stocks...
Posted by Bluemound_Freak on :
Well then lets go AMEP!
Posted by Slippery Wing on :
Lots of support at 0.089.
Lots of resistance at 0.090.
HA! Posted by pensandoenti67 on :
my prediction from yesterday was .0943 EOD.
Posted by bond006 on :
dip
Posted by 1DayataTime on :
Bob: I do not have a successful track record of exiting and the absolute best time. Generally I do better when I look at a day as a whole comparatively to the prior run. By that I mean I usually will determine at the beginning of a day that this will be the day that I pull out based on the performance of a 3, 4, or 5 day run that has been occurring in the past few days. If I exit too early and it shoots up, I miss out. Oh well. I don't have the time either to look at moving averages. People are saying AMEP will eclipse the recent high it hit of .14 so a safe bet "might" be around .16 but who knows! It may actually hit .20 but I think it's safe to be pulling your original investment out if it does reach the recent high.
Posted by bond006 on :
well just bless that little old prediction of yours pensy
Posted by bond006 on :
nites got both ends now toilet time tell he gets blown off
[ October 11, 2005, 12:50: Message edited by: bond006 ]
Posted by Slippery Wing on :
another dip
Posted by Slippery Wing on :
Man, big slide all of a sudden. What's the deal? Must be a big sell-off, but we really weren't up that much...
-Slip
Posted by 1DayataTime on :
Hold onto your shares guys. This is a serious shake but it's not going to last that long. Too much buying pressure counteracting it.
Posted by bond006 on :
let the weak in the herd go they will get ate up soon
Posted by pensandoenti67 on :
from .055 to .09 is a good profit if you buy over 1 million shares.
Posted by Slippery Wing on :
OK, time for a reversal!
Posted by pensandoenti67 on :
sounds good to me !! MM's shook some people...
Posted by 1DayataTime on :
Something tells me there's going to be the typical AMEP EOD going on!
Posted by pensandoenti67 on :
quiet here, it will get noisy in .27 minutes by 2;45 we will see an increase in volume and pps
Posted by HurricaneBob on :
MM and 1Day Thank both of you for your insight. I am going home to Louisville tommorrow with a four day vacation from the office and when I get there I will go ahead with real time chart purchase from etrade and begin reading up on the tutorial. To give you some insight on where I stand, because I have yet to touch one of my bought shares here, I got the 166K at .0187 and the 188K at .0204. My friends have bugged the s**t out of me this whole time to take back my initial investment back. I have seen no reason for it. This is why I am reluctant to try and sell on highs and buy back on lows. I had 800K of BCIT anywhere from .001 to .005 at average of .0025. I sold it at a penny thinking I could get back in on the dip, then it went to four cents. Like JIF, four more days could have ment about 30G instead of 8G. BCIT then went on suspension and I have had this money in AMEP ever since Katrina hit, thanks to Quest. All in all, I'd like to ten bag this investment and still have 100K shares of AMEP to bury in the ground for the next couple of years. I hope I'm not sounding greedy, I just believe patience and good long term investments pay off well in the long run. I am way far away from being a decent day or week trader. Anyway thanks guys for your input here, I believe we all have a special Christmas present here. GLTA
Posted by pensandoenti67 on :
what a day, just got an e-mail from abuddy in investor hub,
saying wish I got out above .09, he says they will let it drop back to .06 by Thursday, wish I had been able to play that dip.
Now at .078, I won't risk it now.
Posted by Slippery Wing on :
Man, what a kick in the rear! Down 11% on the day, I can't help but think this one's being manipulated... Anyone else with any insight?
Posted by buckstalker on :
Man Slip...are you watching L2's....mm's are manipulating the chit out of this stock right now...
Posted by pensandoenti67 on :
that explains why everything quiet here.
Posted by 1DayataTime on :
Movers and Shakerz are killing this. The problem is that AMEP is so well known out there now, it's so suceptible to tampering! But I'm not going to let anyone take my shares!!!!!!!!!!!
Posted by pensandoenti67 on :
i guess my buddy is right, going down to .06 sooner than expected.
I'm freeing some money to buy at .055 again
Posted by Slippery Wing on :
Yeah, it's crazy! Need to get things going in the other direction.
Some will say that this forces out the weak hands. So what? The price is still dropping!
Posted by 1DayataTime on :
This is going to bounce back. It's still got people buying. Keep in there everybody!
Posted by pensandoenti67 on :
quote:Originally posted by Slippery Wing: Man, what a kick in the rear! Down 11% on the day, I can't help but think this one's being manipulated... Anyone else with any insight?
if you count the high of the day .0949 to .075 that's alot more that 11%
my buddy says to get out and rebuy at .055 - .06
I'm out at .0765
Posted by Slippery Wing on :
That's not quite my strategy. I think this one will take patience, and it'll come back up (if the MM let it). Then I take my profit and move on.
It's frustrating to watch my next plays have these huge gains while my ca$h is tied up...
Posted by pensandoenti67 on :
this really sucks, i came close to selling today aove .09, had a gutt feeling, my buddy sent me an e-mail but to my official email. That's sucks..
He has been so accurtate in the past, so I'm out bought at avg of .059 wating to rebuy at .06
Posted by buckstalker on :
Pens...I don't understand why you post these BS predictions...you, your buddy, or even nostradamas can predict what any stock will do at any given time...enough already!!!
quote:Originally posted by pensandoenti67:
quote:Originally posted by Slippery Wing: Man, what a kick in the rear! Down 11% on the day, I can't help but think this one's being manipulated... Anyone else with any insight?
if you count the high of the day .0949 to .075 that's alot more that 11%
my buddy says to get out and rebuy at .055 - .06
I'm out at .0765
Posted by Slippery Wing on :
How about an EOD drive! Let's at least see a positive trend towards the close.
Posted by Slippery Wing on :
Talk about smelling of manipulation! Natural gas is up 56 cents, oils up nearly 2 bucks, and AMEP is down 10%. You've got to be crazy to sell a Nat gas stock on a day like today!
Posted by Lucas Brachish on :
Wow, up until 12:30 today I was having an amazing trading day -- up like 10% overall (total, over 10 stocks), even including the consistently bad stocks that bring my totals down.... and now ... and 3:10 p.m. .... I'm down across the board. Seeing almost all red, except for the couple of dollars of green left on AMEP... Another rough day. Wish I had the funds to buy more AMEP at this discount, though, so I could see all the profits when it runs like a race car this winter...
Posted by kywee on :
cant wait for the i told you so... Posted by mmalone on :
quote:Originally posted by Lucas Brachish: Wow, up until 12:30 today I was having an amazing trading day -- up like 10% overall (total, over 10 stocks), even including the consistently bad stocks that bring my totals down.... and now ... and 3:10 p.m. .... I'm down across the board. Seeing almost all red, except for the couple of dollars of green left on AMEP... Another rough day. Wish I had the funds to buy more AMEP at this discount, though, so I could see all the profits when it runs like a race car this winter...
Ditto, it's been a rough afternoon for pretty much all of my holdings. Went from up around 5% to down around 4%.
Posted by Slippery Wing on :
Man, what a bummer! If it weren't for AMEP, I'd have a killer day! Oh well, maybe tomorrow will be better!
'bout Miller time isn't it? I'll take two.
Posted by pensandoenti67 on :
don't forget rumor has it it will g dwon before it climbs up. Just MM's manipulation take it for what it's worth, if you are long it's up to you. Daytrader as I tend to do sometimes I'm out today waiting for Thursday lower tha .06
Posted by ThehourofTaber on :
The PR kind of sucked that's why I think it when down. we are still not drilling yet he's says we have to wait another 10 days. I'm still holding but kind of a fluff PR in my opinion. Good Luck everyone.
Posted by Slippery Wing on :
That's a good point, Taber. But I find it hard to believe the stock would swing that much from AM to PM.
Posted by NaturalResources on :
quote:Originally posted by ThehourofTaber: The PR kind of sucked that's why I think it when down. we are still not drilling yet he's says we have to wait another 10 days. I'm still holding but kind of a fluff PR in my opinion. Good Luck everyone.
A PR as a result of investor interest is a great thing IMO. It shows that the company wants to have a relationship with the shareholders. I would rather hear it is going to be another 10 days than not hear anything at all.
"Initial inquiries for the Oil America Group Limited Drilling Partnership have been overwhelming. Joe Christopher and his corporate counsel have submitted the documents for final approval. The Oil America Group Investor program will begin the week of the 20th of October. Potential investors will be notified when the program receives final approval. For more information contact: jchristoper*oilamericagroup.com or 972-386-0601."
Has anyone emailed or called for more information? What is the "Investor Program"?
Posted by Bluemound_Freak on :
I felt a little less special after reading that news. It was like a big twinkie that had no cream in the middle. Looked good but did not satisfy!
Posted by Slippery Wing on :
quote:What is the "Investor Program"?
An investor program like that is basically a drilling partnership. You, as an individual or a company, can buy a "unit" in a drilling operation. After the well is drilled, you then own xx% of that well and the income/expense it generates.
-Slip
Posted by QuestSolver on :
any press release that shows that the company is listening is excellent.They don't have to spend the money to keep us updated on the rig...its not a material event at all but it shows they have every intention to have a relationship with us as Natural Resources just posted and thats a great thing to know.I personally talk to these guys fairly often,many hear obviously have to,the business plan is in the works and on track.You shouldn't complain over something like this at all.
GLTA here!
Q
Posted by Golf57 on :
Is there a difference between AMEP and TWOG because, if there isn't I think TWOG might be worth buying at this low prices. .007
Posted by johnny14511 on :
amep is a little more trustable to me
Posted by QuestSolver on :
LOL!!!! your kidding right? check the TWOG filings......oh thats right,do they even file? they are a pink sheet right?
no offense intended but some comparisons like this are showing that some really buy off others postings and not DD work.
GLTY
Posted by thelimeyone on :
newcomer.you know if a company has just bought a peice of (used?)equipment that is vital to their operation it would seem reasonable that they are going to check it out,run tests,iron out all the problems before it goes into operation don't you think?.maybe sometime before xmas when the gas squeeze is really on and assuming the rig is up and running(lets hope so)we might be making a buck or two.so dont cry in your beer think about santa and what he is getting you for xmas.
Posted by bmaxingout on :
twog could be a good trade, amep is a good investment.and there is a huge difference. some feel that trading is investing but its not. today i was able to pick up 1.5 million shares at an average of .077 if the pps drops again tommorow i could be buying upto 1.5 million more good luck all
Posted by bmaxingout on :
imho the biggest point of the last pr
The drilling rig work over should be completed and the rig operational in the next ten days. At that time the Company will move the drilling rig to Bend Arch Petroleum Inc., 12 well property, and drill a 3,100 foot developmental well. This well will have four to five potential natural gas formations that could produce 300,000 to 500,000 cubic feet of natural gas per day
if this well produces then great if it doesnt who cares we just need a working rig drop this rig on the shale start punching holes start making money i said it before and i hope no one minds me repeating myself this will dwarf anything that tnog has ever done.
IMHO in a few weeks if all goes well with this rig.we should be getting another pr that will make us all alot of money good luck bmax
this time im long on amep!!
Posted by ducatiboi73 on :
Oil industry rides high energy prices to big profits By Matt Krantz, USA TODAY The high energy prices causing drivers intense pain at the pump certainly aren't hurting the oil industry's profits.
Hurricane damage and global supply-and-demand imbalances caused oil to end the third quarter up 33% from a year earlier. Although crude prices have pulled back the past week, the third quarter was already in the books and the windfall from high crude prices will soon become clear as energy companies report their quarterly results.
"As you get a high oil price, it feeds quickly to higher earnings," says Tim Guinness, portfolio manager of the Guinness Atkinson Global Energy fund. Projected growth Third-quarter earnings growth is expected to be huge for energy-related companies. Drilling 194.8% Equipment and services 63.4% Integrated oil and gas 54.5% Exploration and production 84.9% Refining and marketing 141.3% Source: Standard & Poor's
While it'll be weeks before all of the energy companies report their earnings, the numbers promise to be dazzling. Earnings at the energy companies in the Standard & Poor's 1500 index are expected to jump 61% in the third quarter, dwarfing the 14.4% growth expected from the broad S&P 1500, S&P says.
How much of that is hurricane-related? Third-quarter earnings estimates for the energy sector are up 7.8% since Katrina hit. But not all pockets of the energy business benefited equally.
•Big oil. The "integrated" oil companies, which include giants such as ExxonMobil, are actually the industry's slowest growers. Still, these companies are expected to boost earnings by 55%. While integrated oil companies profit by selling high-priced crude to refiners that turn it into gasoline, some get clipped if their gas station arms do not increase prices as quickly as the price of oil rises, says Mike Bryk, co-portfolio manager of the Munder Power Plus fund.
•Drillers. The big winners have been the companies that drill wells for a daily fee, such as Transocean and Rowan. Earnings in this industry are expected to triple in the third quarter, and the companies have doubled and tripled the daily rate they charge exploration companies for their services.
•Refiners. Despite having to pay high prices for crude oil, refiners' earnings are expected to jump 141% because they can charge higher prices for the finished products, Guinness says. But, more important, they can refine more inexpensively than they could before because their plants are running at nearly 90% capacity, Guinness says.
These plants should be humming almost full out for quite some time because there has been little investment in new refineries, says Fred Sturm, portfolio manager at Ivy Global Natural Resources fund.
But while the third quarter will be a blowout for earnings, the easy profit gains for many energy companies are ending, Sturm says. "The energy price environment will moderate but still be in a nicely profitable range for those that are good at it," he says.
Posted by dragonsmoke on :
So ten days to test and set up. How long does the move take and the set up at the site? If anyone knows these things.
Posted by Zygore on :
The big test was to make sure the drawworks were operating correctly which is the hub of the whole rig. In laymans terms its like a giant reel that a metal cable is connected to and controls raising the derrick, picking up pipe, and of course drilling.
If the rig is setup for testing than it will have to be broken back down for moving. Depending on the crew it should only take 1 day to break down, 1 day to move, and 1 day to put back up. The fourth day they should be able to start drilling.
Posted by iwearpro on :
come on AMEP !!! lets make some money!!
Posted by Persia on :
This was the news of yesterday.
Posted by iwearpro on :
sorry,i just saw that and deleted it.lol sorry..
Posted by QuestSolver on :
look for more buying pressure starting next week for AMEP so buying now is a good idea,the last week of October and ito November should be a good indicator for our direction and natural gas profits have pretty much been taken out of the picture and demand has not changed but may have actually increased,look for $15 to $17 pmcf soon imo.
Posted by pensandoenti67 on :
Do not mis-understand me, I love this stock and believe this will be huge in the long run.
If you are doing weekly/daily trading look at the chart, let's hope the MAC doesn't go negative if it does we may see some RED days. Just letting all of you see the chart, it will rebound, my friend says the bottom will be .056-.063 if the MAC does go negative.
Good trading and If I'm wrong, we will all be happy. If I am right get some money reayd to buy more, because we all know this will rebound.
Good day !!! we need a PR
Posted by pensandoenti67 on :
The chart looks great. I was so busy yesterday at work I barely got the chance to watch this thing. Maybe if I watch it closer it will turnaround!
Posted by kywee on :
how is it great?
Posted by bmaxingout on :
its great if your still picking up shares
Posted by bmaxingout on :
i never sweat the little day to day wiggles in the market ng is huge this year we will make money
Posted by bmaxingout on :
we have strong support in the sixs this is a good time to buy and hold IMHO i wouldnt look for real fast gains like we saw the first time around but they will come we are just weeks away from drilling in the shale
Posted by bmaxingout on :
so far today i was able to pick up 500k on the cheap, amep is now showing signs of ticking back up so ill wait and see what happens before buying more. good luck all
Posted by 1DayataTime on :
From a technical analysis, the charts look great. It SO obvious what the MMs and group plays are doing with this stock. When the PR came out yesterday, I was surprised to see that it was NOT an announcment of the commencement of operations for the new oil rig they bought, but simply a statement that said it will be up in running in about 10 days. So yes, we have another 10 days of trading with no focus. Then when the press release comes out, we will have a window of speculative but positive trading in anticipation of the quarterly report (this could be about a month). So it is as long road for AMEP in penny stock years, but VERY short in terms of trading normally. So everyone keep positive and load up on shares on days like these.
Posted by bmaxingout on :
i still have one million shares to buy so what im looking for is every time weak hands sell ill be able profit
when the real drilling begins we will be making alot of money now that is just my opinion and hopefully im right
Posted by pensandoenti67 on :
yes, once drilling starts. Meantime, the charts will probably indicate sell MAC dropping.
Posted by Slippery Wing on :
Man I hate these big slides! Really takes the wind out of your sails. Need a few good days for reassurance purposes.
Posted by pensandoenti67 on :
This is the first time since Sep 1st that the MAC drops below the golden line.
1) How long will it stay below the MAC? 2) A strong PR can reverse the decline 3) The price was .02 when it started it's upclimb
My anaylsis with my program indicates a drop of 4-6 days (without a major PR), chart shows a drop to support of .045-.056, a steady 10% drop per day. When you see a major drop of 15-20% that will be the indicator to rebuy.
Also, noticed this board is quiet on AMEP, when you see the same people that started and pumped AMEP then it will be time to rebuy. If you are long good luck, this is pennyland.
I have freed some money and will wait for the indication to rebuy, every nite I will update my program and see the results and make my decision on basis of it.
Good luck to all, keep and eye for any major news that might impact the reversal of the downtrend.
Pens; Thank you for the info, I was able to get some shares out before the drop but still have initial investment in play... Hope to see the rebound soon..
Rgds.
Posted by Lucas Brachish on :
Thanks for the advice, pensandoenti67....
I'm with you on all of it except I don't completely understand the following:
"When you see a major drop of 15-20% that will be the indicator to rebuy. "
Do you mean a one-time intraday drop, an EOD drop -- or does it make a difference? And why does a major dip indicate it's time to rebuy?
I'm looking forward to buying more of this at .045-.055.... not that I really want to see keep going down, but if it does, I'll buy....
Posted by 1DayataTime on :
Ladies and Gentleman, check out the main story on the CNN.com homepage:
One AMEP starts drilling, it's going to capitalize on these unprecedented prices. Not buying AMEP at these prices right now is just silly!
Posted by pensandoenti67 on :
Lucas
It's a shakedown, mainly it will be quick drop in price and with small volume and it will be during trading hours. Sometimes it occurs early in the morning, you may see a big drop at open then it rebound and climb.
Good luck
Posted by Berlin on :
Time to buy some more.
Posted by pensandoenti67 on :
Berlin, why you say time to buy more?
Long term holder, this is a bargain.
Read below all over the news all stations and internet:
Look at the mad faces that equals for those holding AMEP.
a) If you are willing to buy now and hold until March quarter results this is a bargain.
b) Short time player, look at the charts
Natural Gas Users to Take Hit This Winter By H. JOSEF HEBERT, Associated Press Writer 14 minutes ago
Winter heating bills will be a third to a half higher for most families across the country, with the sharpest increases expected for those who heat with natural gas, the Energy Department forecast Wednesday.
The department said natural gas users can expect to pay an average of $350 more during the upcoming winter compared to last year, an increase of 48 percent. Those who heat their homes with fuel oil will pay $378 more, or 32 percent higher than last winter.
Propane users can expect a percentage jump in their bills similar to those of fuel oil users.
In its winter fuels outlooks report, DOE's Energy Information Administration assumed a normal winter and steady progress in restoring oil and natural gas production and refinery output from the damage inflicted by hurricanes Katrina and Rita.
"Should colder weather prevail, expenditures will be significantly higher," the EIA said.
The agency as well as the natural gas industry said that heating costs could vary widely among regions.
Posted by TampaInvester on :
quote:Originally posted by 1DayataTime: Ladies and Gentleman, check out the main story on the CNN.com homepage:
One AMEP starts drilling, it's going to capitalize on these unprecedented prices. Not buying AMEP at these prices right now is just silly!
yeah this is huge news. cnn home page
NEW YORK (CNN/Money) - A government report issued Wednesday predicts large jumps in heating bills for Americans this winter and continued high oil prices in 2006 due to slightly colder temperatures and the continuing impact of hurricanes Katrina and Rita on the nation's energy production.
The Energy Information Administration (EIA) estimates that heating bills for all fuel types will cost Americans about one-third more this winter on average, assuming typical weather. A colder-than-normal winter could lift energy prices nearly 50 percent.
The three-quarters of Americans who use natural gas to heat their homes could see even greater sticker shock when they get their fuel bills, the agency warned. It sees the cost to heat by gas rising 47.6 percent in the case of typical weather to $1,096, and by more than two-thirds to $1,242 in case of colder-than-expected weather.
Even a warmer-than-expected winter will see natural gas heating bills rise 29.8 percent to $964, according to forecasts.
Households that primarily heat their homes with electricity however, can expect to pay about 5 percent more on average compared to last year, the agency said.
Even though the National Oceanographic and Atmospheric Administration is predicting that the 2005-2006 winter will be for warmer-than-normal across much of the central and western United States, forecasters are predicting slightly colder temperatures than last season based on heating degree-days, the EIA said in its report.
"The National Oceanographic and Atmospheric Administration projects a 0.4 percent colder winter in the lower 48 states, in terms of heating degree-days relative to normal winter weather, which would be 3.2 percent colder than last winter," the EIA said in its annual winter fuels outlook report.
Heating degree days are calculated by the difference between 65 degrees Fahrenheit and the average of the high and low temperatures of a particular winter day. The calculation indicates household energy consumption for space heating.
NOAA forecasters expect the Midwest and East Coast to have "equal chances" of warmer, cooler or near-normal temperatures in December, January and February.
The EIA also reported Wednesday that one-third of U.S. crude oil and 21 percent of natural gas output in the Gulf of Mexico will still be shut-in during December due to disruptions caused by Katrina and Rita.
Seven oil refineries that can process 1.9 million barrels per day of crude remained offline after the storms. Those plants represent about 11 percent of total U.S. refining capacity, the agency said.
"Complete recovery of energy infrastructure from hurricane damage will take many months. However, considerable recovery should occur by the end of 2005," the agency told Reuters.
The agency anticipated that the average price of a barrel of oil will be about $64 to $65 in 2006, up from the $58 a barrel average expected for this full year.
Separately, the EIA said gasoline inventories, which are currently tight, should improve as the heating season progresses. "However, an abnormally cold winter could discourage gasoline output and tighten supplies for next spring," the agency said.
Gas prices peaked at $3.057 on Labor Day in the wake of Hurricane Katrina and have fluctuated since, falling as low as $2.755 a gallon on Sept. 22, according to the daily reports issued by the travel club AAA.
The nationwide average for regular unleaded gasoline fell nearly two cents a gallon Wednesday to $2.854 a gallon from $2.871, according to AAA.
A year ago, the average cost of a gallon of regular unleaded gasoline was $1.972, AAA reported.
Posted by pensandoenti67 on :
If you read for my post at 12:11 pm today you will get more info. Today was day 2 of 4-6 days of 10% drop
my earlier posting: My anaylsis with my program indicates a drop of 4-6 days (without a major PR), chart shows a drop to support of .045-.056, a steady 10% drop per day. When you see a major drop of 15-20% that will be the indicator to rebuy
Posted by buckstalker on :
Gee, thanks pens...maybe you can tell me what color of eyes my next grandson will have too!!
Posted by kywee on :
quote:Originally posted by buckstalker: Gee, thanks pens...maybe you can tell me what color of eyes my next grandson will have too!!
i knew it was obvious!
Posted by pensandoenti67 on :
quote:Originally posted by buckstalker: Gee, thanks pens...maybe you can tell me what color of eyes my next grandson will have too!!
I can tell you what color of eyes the baby will have!! GREEN (full of cash) that 100% guarantee.
What I can't Guarantee if he is really your grandson.
You'll have a good nite! Angels 7 Whitesox 4 (Weds. Oct 2005)
Posted by pensandoenti67 on :
KYWEE what was too obvious?
Did you get in TTNJ as I told you when it was at .023?
I hope you did, I know I told several of you, hope all making good money. Bought lots of shares, sold half and riding freebies.
Good nite
ps. yes, that Angels score is my prediction for tonight follow the game on FOX at 819 PM.
Posted by buckstalker on :
If he has green eyes...then he is positively mine...
Angels 2 Whitesox 4 (2006)
Posted by kywee on :
i dont recall hearing about ttnj, but i proly would have missed it because i dont jump off the edge because someone told me to. but to who got in, congrats! there are many more to win...and lose
Posted by dragonsmoke on :
Does anyone thing the energy report tommorow will have an effect?
Posted by Slippery Wing on :
I saw one prediction that had oil reserves up, but gasoline and heating oil reserves down.
Quite frankly, no one knows.
Posted by QuestSolver on :
slightly down again in Berlin and hopefully many realize that the energy sector is still under pressure and that the news releases yesterday including Greenspan is nothing but damage control imo. Now they are saying the natural gas issue will not be that bad, it will only increase about 40%. Okay if so I think 40% is still high for less then a 3 month period, hell some would like to have 40% gasins on their stocks within a quarter but think realistically about this....how can they forecast a drop in this prediction? Demand has not declined at all for NG and demand will increase dramatically once everyone puts their heat online and who really knows what king of winter we will have? Have the scientist changed their minds from the previous postings and lionks I provided? I think not. We are in for a bad winter not only this year but for many years to come (no less then 8 years from last year)based on their predictions and that includes more severe hurricane seasons (thats being proven over the last two years already) Either way good luck to us all in out trading but moreso in our personal lives, things are changing quick in our country so always keep a watchful eye open.
Q
p.s. my posting will be limited today and tomorrow,have a lot of running to do and heading out to Daytona Saturday for Biketoberfest all next week so I won't be around (unless I decide to bring my laptop on vacation with me which is likely...LOL)
Posted by Rasica on :
Interesting comparison: AMEP and TERX
Posted from another board.....
bottom line: the pps difference is staggering
Both OTC
Both have Barnett leases, TERX leases more land then AMEP
Wow... I was skeptical when I read your post but I just took a look at the financial reports for Terax and their Market Cap is more than 20 times AMEP's current market cap without any apparent revenue. Definately an interesting comparison. Can anyone find a reason for the huge difference in valuation between these two companies?
Posted by TampaInvester on :
quote:Originally posted by mmalone:
quote:Originally posted by Rasica: Interesting comparison: AMEP and TERX
Posted from another board.....
bottom line: the pps difference is staggering
Both OTC
Both have Barnett leases, TERX leases more land then AMEP
Wow... I was skeptical when I read your post but I just took a look at the financial reports for Terax and their Market Cap is more than 20 times AMEP's current market cap without any apparent revenue. Definately an interesting comparison. Can anyone find a reason for the huge difference in valuation between these two companies?
one reason is AMEP has twice the number of outstanding shares but still it should be trading in range of 1-1.5
Posted by kywee on :
also amep has not begun drilling yet
Posted by mmalone on :
That's why I was comparing Market Caps. $440 Million vs. around $20 Million. That's a big difference... Only explanation I could find was that TERX is losing less money than AMEP currently, but they're still losing money... And from what's currently going on with AMEP the losses should be cut substantially, and we might even see a profit soon.
Posted by mmalone on :
quote:Originally posted by kywee: also amep has not begun drilling yet
According to their latest 10Q TERX hasn't either, apparently. Looks like they had 0 revenues.
Posted by iwearpro on :
I have a question... Does anyone know why this stock was trading at over $8.00 a share and then in about march of 2002 it dropped to sub penny land? I just looked off of a yahoo 5 year chart and that is where I came up with this. Any answers? Just curious.
Posted by sleepingtiger on :
It was trading at approximately $0.08 in march 2002, not $8.00 from what I can see.
Posted by iwearpro on :
This is what I was looking at.
Posted by ilikemoney on :
iwear is correct...the chart does show this.
Posted by Slippery Wing on :
And well before that, it was back in penny land (or close to it).
Posted by Superbee383 on :
If you go to the website, you'll see that it was another company before AMEP. AMEP itself hasn't been in business for 5 years from what I can see.
American Energy Production Inc. on January 18, 2004 filed a form N-54 with the SEC to become a Business Development Company. A BDC company is regulated under the 1940 SEC act. That act set out procedures by which a Company once it establishes a majority position in a Company can make a series of further investments in it’s ‘investee’ A BDC company does not consolidate financial statements with its investees and each investee operates independently. Several other points of interest include:
1. The accounts payables listed in the 10Q filings are all aged accounts that were part of the Communicate Now.com--the predecessor company to AMEP. Management will continue to work-off these accounts payable in an orderly manner. However, AMEP does not believe it is in the best interest of the company to use funds that would otherwise be used to develop more oil and gas properties, and generate revenue, to pay these ‘inherited’ accounts payable to aggressively.
2. The payroll taxes listed on the 10-K filings are also part of the former.com Company and will be addressed as an Offer and Compromise at the direction of company lawyers.
3. The bank notes listed in the 10Q filings are also part of the former .com Company and will be addressed at the proper time.
Posted by Superbee383 on :
Ah ha thanks guys, I knew if anyone had the answers it was you guys here.
Posted by Superbee383 on :
And here's another chart link to check. Just have to type in AMEP, put it in for 5yrs, 10yrs.. and you'll see there was nothing before 2001 max. And that was the previous company I believe.
As I said 4-6 days of dropping now you believe me?
Off topic
I bought OXFV at .0023 this morning take a look
ALERT!!! GREM will run huge today and next few days !!
Always do your own DD
Posted by Slippery Wing on :
I smell a market reversal! And it smells good...
No, wait. Just my wife's perfume....
But we are seeing and uptrend in AMEP, and good volume to boot...
Posted by Slippery Wing on :
Just a tid-bit of information for those trying to compare TERX with AMEP.
The fact that TERX has to outsource their drilling and AMEP actually owns a rig is actually a pretty big deal.
In Oklahoma, there is a 6 month wait to get a drilling rig. AMEP will be able to go from location to location and keep the machine working FOR THEMSELVES.
TERX will have to play scheduling games with their rig pushers just to get holes drilled.
Posted by iwearpro on :
Good point!! I was looking at the pics on their site and it looks like they got some Mack Trucks. Im glad to see that as i own some mack stock and used to me the service manager at our local Mack dealership.. They got my vote all the way!!
Posted by blacklab669 on :
Looking for a positive PR in the up coming few days.That could go a long way!!!Great buying opp.Drilling within 7 days. Posted by QuestSolver on :
they should be punching holes soon! Mid to long play here,be patient,the cash will flow soon.
Posted by bmaxingout on :
quote:Originally posted by QuestSolver: they should be punching holes soon! Mid to long play here,be patient,the cash will flow soon.
couldnt have said it better we will be making alot of money very soon good luck all
Posted by blazingnines on :
Am I going to loose my shirt if I buy in at .06 boys? Please advise..... what is everyone expecting this beast to hit? I got in too late.... Oil and Gas stocks.... also check out TKGC... It may be the next explosion...
Posted by bmaxingout on :
well i couldnt say weather or not you will loose your shirt but i plan on buying alot more amep i see .06 as a bargin. it really all depends on how much you are willing to risk.for me its not that much of a risk.because i only trade profits from the big board on otcbs and pinks if i make good money then the profit goes back into the big board.
if amep continues to drop ill wait and buy more . is it a gamble? of course it is.we could find out that the drilling rig is broken and the shale is out of gas.doubt either one will happen but it is a gamble that im willing to take personaly im hoping that it goes to .05 then i would look like a genuis for selling at .0695 during the last run,...lol good luck to you
Posted by bmaxingout on :
then again that was one million free shares so i would say amep has treated me real well and im sure it will again
Posted by Berlin on :
it could go down to the low 50s. i'm going to wait a little. got some at .0066 and sold at .0086.
Posted by Slippery Wing on :
A decent start to the day! Up 8% Let's hope the trend continues!
Posted by Slippery Wing on :
Big news off another board?
-------------------------------------
In the hour
Galp Energia will launch a takeover to AMEP
Lisbon - A source from Galp Energia said today that Galp Energia will launch a takeover to American Energy Production Inc. Galp Energia, will notifie next monday the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of American Energy Production Inc shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid. Galp Energia will launch a takeover bid for American Energy Production Inc with the payment of $0.10 US for each of the that responded to the tender offer, this initial offer could reach the limit of price of $0.15 USD for each share of the company. About Galp Energia :Born in the year 2000, Galp Energia is the holding responsible for the reshaping of the portuguese energy sector, in the oil and natural gas businesses.Our goal is to build a national oil and gas company, compliant with modern international standards, to be a key player in the Portuguese economy, and to grow in the international energy industry, by becoming a relevant competitor in the Iberian market. Our commitment is to secure the consumers' preference through integrated energy offers and complementary services in the markets where Galp Energia may obtain competitive advantages, adding value to the shareholders, clients and employees.
What does that mean? Can some one dumb it down for me?
Thanks
Posted by farmgirl on :
I understand it to mean another company likes AMEP and wants it. Shareholders would be paid between .10 and .15 a share if take over is a success.
Posted by MoneyHolic on :
Im back in AMEP at .07 pps... Lets RUN!
Posted by Slippery Wing on :
That's what I understand, too. But there's no indication from AMEP that they agree to be "taken over"....
Needs verification.
Posted by TechGuy on :
Isn't there land alone worth .20 a share?
Posted by mmalone on :
Is this a 'hostile' takeover bid?
Posted by farmgirl on :
The statements says Galpa will launch a takeover. My thought on that is that AMEP does not want it or it would say a takeover agreement is being worked on or something to that effect. Will launch does not sound friendly to me. Just my thoughts.
Posted by Slippery Wing on :
Here's the thing, though. I don't believe AMEP has any foreign production, do they?
So why would this foreign company want to take them over?
I just sent an email to AMEP for comment.
-Slip
Posted by mmalone on :
That's the message I got too... but if that's the case then how can Galpa say that they'll be paying between 0.1 and 0.15/share? They can't predict where the stock price is going to be.... or are they saying that they'll buy shares as long as they're in that price range?
Posted by farmgirl on :
If I understand right they would have had to have been buying up stock like crazy. Once you hold a certain percent of stock then you list your intent to buy as much as need be to be a major shareholder. Once you have done that you have some power. If I am wrong please correct me but that is my understanding.
Posted by TechGuy on :
Isn't there land alone worth .20 a share?
Posted by Slippery Wing on :
Yeah, TechGuy, it is. Something doesn't add up here. Still waiting for response from AMEP.
Posted by BUY N LOW on :
I don't believe the takeover rumor but still buyin all i can under .08 AMEP is worth over .15 anyway
Should be a very merry xmas and happy new year
Posted by Thorn on :
Company control depends on how the voting rights are set up. If there is enough prefered stock issued then it can have plenty enough voting rights to outweigh all of the common shares. I haven't looked at how AMEP is set up.
Posted by mmalone on :
quote:Originally posted by Thorn: Company control depends on how the voting rights are set up. If there is enough prefered stock issued then it can have plenty enough voting rights to outweigh all of the common shares. I haven't looked at how AMEP is set up.
Preferred stock doesn't have any voting rights. I assume you mean if there is a different class of common stock that has more voting rights, and I don't think there is. Anyways, I understand that you 'own' a company if you own more than 50% of it's shares, for all intents and purposes, since you can overrule the wishes of all other shareholders, but my question is how are they so certain that 50% of the current shareholders are going to sell them their shares for 10 to 15 cents?
Posted by fatboydough on :
Lets not jump to any ideas because all you know is someone posted something about what someone said on another board. Please dont believe everything you read...wait till a real pr for either company is comfirmed. Where is the DD here? There is no validity to this statement...period.
Posted by Thorn on :
Er, right. I was thinking of stock held by management. If they hold over 50% and don't sell, then there is no buying out of the company. Apparently that is not the case with AMEP?
If it is a hostile bid, there are things the company can do to prevent the takeover (if they are in a position to do so). Looks like issuing more shares is not an option (almost at max now), if desirable at all. They could also buy back shares to gain 51% control, etc.
For a hostile bid, doesn't .15 sound kind of weak for an offer?
Posted by bond006 on :
This goes on all the time consideration of a take over sometimes it is even leaked. If you notice no pr's or announcements by AMEP just a consideration on one parties side at this point and maybe not even that anymore.
Posted by Thorn on :
The way it was written, it does not sound like a leak...
Posted by Slippery Wing on :
Yeah, sorry to get everyone rilled up. Took me a while to dig to find the fact it was a hoax.
Posted by farmgirl on :
I have been all over and can not find a thing about it. Not on websites for either site, no newpaper articles nothing anywhere.
Posted by Slippery Wing on :
Had to do some translating of some other posts to figure that one out.
In the end, I wouldn't worry about it till you hear it from the horses mouth.
Posted by pensandoenti67 on :
Yes, it's Portugese, been there done that. Lisbon a beautiful City. Awesome and beatiful women there, still prefer women from Spain.
Wouldn't mind dating a Portuguese lady tonight!! She can rumor all she wants in my ear.
the website above is known for rumors, Portugal is not as regulated as we are here in the States, so anything goes.
Posted by Berlin on :
Strong finish for our stock folks. Have a great weekend.
Posted by blacklab669 on :
Were on our way !!! Hope to see the teens by late next week!!!Well back to the water in the basement.Northeast Rain.
Posted by QuestSolver on :
sorry guys could not post today,MSN server was down most of the day in the whole region according to tech support.Ran across this post on HSM but I did not try to verify it so take it as RUMOR only for now.
can anyone read spanish? this website sems like soem kind of artificial pump, but i cannot read spanish so i dont know.
also, why the heck is the part about AMEP in english? and a portugese company?wtf is the author trying to pull here? LOL
In the hour
Galp Energia will launch a takeover to AMEP
Lisbon - A source from Galp Energia said today that Galp Energia will launch a takeover to American Energy Production Inc. Galp Energia, will notifie next monday the Portuguese National Securities Market Commission (CNMV) that it was willing to waive the condition of a 75% minimum acceptance level to which its public offer for the acquisition of American Energy Production Inc shares was subject, taking into consideration that the response received will be sufficient to develop the business project pursued through the takeover bid. Galp Energia will launch a takeover bid for American Energy Production Inc with the payment of $0.10 US for each of the that responded to the tender offer, this initial offer could reach the limit of price of $0.15 USD for each share of the company. About Galp Energia :Born in the year 2000, Galp Energia is the holding responsible for the reshaping of the portuguese energy sector, in the oil and natural gas businesses.Our goal is to build a national oil and gas company, compliant with modern international standards, to be a key player in the Portuguese economy, and to grow in the international energy industry, by becoming a relevant competitor in the Iberian market. Our commitment is to secure the consumers' preference through integrated energy offers and complementary services in the markets where Galp Energia may obtain competitive advantages, adding value to the shareholders, clients and employees. can someone explain?
Posted by Zygore on :
Quest read a little farther back in this thread, it seems the Portugese post is totally bogus...
Posted by Rasica on :
From another site!
Dear Sir / Dear Madam,
Thank you for your e-mail.
The text that appeared in the online news site is integrated as a comment, and not a news report.
Therefore, it shouldn’t be considered as real news.
There’s no fundament in this fake ‘report’.
So Galp Energia hereby officially states that it has never had, nor has, any plans to make any action on American Energy Production Inc. whatsoever.
With our very best regards,
----------------------------
Miguel Tomé
Director, Communications
Galp Energia
Tel. (+351) 21 724 2865
Posted by QuestSolver on :
Zygore and Rasica thanx for clearing that up,since I did not get the chance to be online all day and read and write post I could not follow the thread in depth. Kind of glad it was nothing more then rumor to!
GLTA here and all your trades,have a great weekend all!
Q
Posted by Berlin on :
some commentary, ey? hehe.
Posted by Deluxer4life on :
Go AMEP!
Posted by blacklab669 on :
One Trillian cubic feet of nat.gas every seven square miles on the Barnett Shale.Over 1200 wells have been drilled and another 400 awaiting permits and or pipeline conn.We have just begun to scratch the surface in the Barnett Shale Project! Everyone seems to down play the shortage of ng. During the housing bubble many people switched to ng,and new homes built ng.Lets see what the demand is like in jan?People who heat their water & house with ng will see a rise of at least 40% I think higher.
Posted by Slippery Wing on :
By the way, I sent an email to Joe Christopher to discuss this issue, and this is what he sent back:
-----------------------------
I believe it is an error! I think they used the wrong stock symbol.
Give me a call and we can discuss it. (800) XXX-XXXX
Joe Christopher
Posted by Zygore on :
The Stockpage: Hot Stock Picks for Monday, October 17 10/17/05
Oct 17, 2005 (M2 PRESSWIRE via COMTEX) -- The Stockpage is watching Pacific Gold Corp. (OTCBB: PCFG), World Am Inc., (OTCBB: WDAM), American Energy Production Inc., (OTCBB: AMEP), MBA Holdings Inc., (OTCBB: MBAH), and Bravo! Foods International Corp., (OTCBB: BRVO).
Pacific Gold Corp.'s (OTCBB: PCFG) Black Rock Canyon gold mine is currently under construction and is scheduled to begin gold production in the fourth quarter of 2005. The mine is owned and operated by a subsidiary company, Nevada Rae Gold, Inc.
If the recent increases in the price of gold hold, PCFG revenues for 2006, at Black Rock Canyon, could be as high as $5.3 million with EBITDA of up to $2.5 million. With almost 27,000,000 shares outstanding, EBITDA per share for 2006 would be around $0.08 per share, and the EPS could favor PCFG very well in 2006 and 2007, especially at the stock's current closing price of only $0.32 per share.
The Black Rock Canyon mine is located in Lander County, Nevada in the proximity of the Cortez Gold Mine, owned by Placer Dome and Rio Tinto PLC (RTP),
Geologist reports have placed the estimated resources for the Black Rock Canyon mine at up to 500,000 ounces of gold which would give a mine life of well over 20 years.
Recently PCFG has completed $3.5 million in financing and the company has purchased most of its mining equipment and has begun building construction. Construction is expected to be completed in mid November.
With the recent increases in the price of gold, the Company is well positioned for potential growth at the Black Rock Canyon mine and at its 2 other gold projects, Fernley Gold and Oregon Gold.
The Stockpage believes PCFG is undervalued as its acquisitions and projects are gaining momentum. On Friday, PCFG closed at $0.32
The Company is focused on gold and base metals operations and currently owns four operating subsidiaries. Nevada Rae Gold, Inc. ("Nevada Rae") owns and operates the Black Rock Canyon gold mine, located in north-central Nevada. Pilot Mountain Resources Inc.("Pilot Mountain") owns Project W, a large tungsten based deposit. Fernley Gold, Inc. ("Fernley Gold") has acquired the exclusive lease rights to mine the Lower Olinghouse Placers in north-western Nevada. Oregon Gold, Inc. ("Oregon Gold") owns the Bear Bench claims and Defiance mine, located in south-western Oregon.
Other stocks of interest to watch on Monday, October 17;
World Am Inc., (OTCBB: WDAM) was up 62% on Friday to close at $0.047. Volume was heavy trading over 49 million shares. Earlier in the week, WDAM "reported that its' wholly owned subsidiary, Isotec, Inc., has been notified by a prime contractor to the U.S. Government that its Access Control/Weapons Detection system, specifically designed to enhance security at sensitive government sites, has successfully met and exceeded the contractor's test standards."
American Energy Production Inc., (OTCBB: AMEP) closed up 11% on Friday at 7 cents. Volume was about two thirds its average of 27 million shares. "American Energy Production, Inc. engages in the acquisition, development, production, exploration for, and the sale of oil and gas in the United States."
MBA Holdings Inc., (OTCBB: MBAH) was up 22% on Friday to close at 6.8 cents per share. Volume was over 10 million shares, nearly 5 times the daily average. On Thursday, MBAH announced a 200 for 1 stock dividend that appears to be welcomed by its shareholders.
Bravo! Foods International Corp., (OTCBB: BRVO) was up 4 cents on Friday to close at $0.525 per share. Volume was close to the daily average of 4.1 million. "Bravo! Foods International Corp. engages in the development and marketing of a company-owned Slammers brand in the United States, as well as in Puerto Rico, the Middle East, Canada, Mexico, and China."
The Stockpage is not a registered broker/dealer and may not sell, offer to sell or offer to buy any security. The Stockpage profiles are not a solicitation or recommendation to buy, sell or hold securities. An offer to buy or sell can be made only with accompanying disclosure documents from the company offering or selling securities and only in the states and provinces for which they are approved. The material in this release is intended to be strictly informational. The companies that are discussed in this release have not approved the statements made in this release nor approved the timing of this release. All statements and expressions are the sole opinion of The Stockpage and are subject to change without notice. Information in this release is derived from a variety of sources including that company's publicly disseminated information, third parties and The Stockpage research. The accuracy or completeness of the information is not warranted and is only as reliable as the sources from which it was obtained. The Stockpage disclaims any and all liability as to the completeness or accuracy of the information contained and any omissions of material fact in this release. The release may contain technical inaccuracies or typographical errors. It is strongly recommended that any purchase or sale decision be discussed with a financial adviser, or a broker-dealer, or a member of any financial regulatory bodies. Investment in the securities of the companies discussed in this release is highly speculative and carries a high degree of risk. The Stockpage is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment if they make a purchase in The Stockpage profiled stocks.
This profile is a paid release. The Stockpage has been compensated for dissemination of company information on behalf of one or more of the companies mentioned in this release. The Stockpage has been compensated two thousand dollars for coverage of Pacific Gold Corp., (OTCBB: PCFG), by the company, for services provided including dissemination of company information in this release.
This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a companies' annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements.
M2 Communications Ltd disclaims all liability for information provided within M2 PressWIRE. Data supplied by named party/parties. Further information on M2 PressWIRE can be obtained at http://www.presswire.net on the world wide web. Inquiries to info*m2.com.
Thanks for the heads up Zygore!
Posted by Zygore on :
No problem D I want this to do very well myself...
Posted by Zygore on :
Also on otcresearch.com
OTCResearch.com: OTCR Morning Alerts for Monday, October 17, 2005 MIVT, GRMU, AMEP, BRVO
Posted by QuestSolver on :
quote author=paxj link=board=Stockstips;num=1128359929;start=1020#1032 date=10/16/05 at 09:38:08]Just had wood delivered to the house because of high gas prices this year....Talking with the delivery guy he said his brother is all sold out of wood for the year and that he is almost sold out as well! He said that they have never even sold out of wood (seasoned) before. Just thought it was worth mentioning ;D [/quote]
For those who are not preparing now you will surely regret it later if you live in any area that actually gets a real winter(mid Atlantic,Northwest,ect...)Does anyone here have a pellot stove? (sorta took the place of a wood stove heating system)anyway have you seen the price of pellots?Keep in mind you normally buy these by the ton or so.Natural gas is going to be a major concern and why the government now is playing it off as not to much to worry about is beyond me (other then their intent may be panic control).Right now we are up a good bit in Germany.
You can get free (15 min delayed) L2s at the links above. However, today they seem to be acting a little funny and have not reported any activity since 12:45 CST
Posted by TechGuy on :
E-trade offers real time L2s for a fee, or free to "active" traiders. I unfortunatly can not get them at work due to fire wall constraints
Posted by Berlin on :
Needs to break .086 for me since I got it at already .066
Posted by johnny14511 on :
IT WILL HIT A little bit less than .10
Posted by Zygore on :
TalkingStocks.com: Talkingstocks.com Alerts for Tuesday, October 18, 2005 EPRT, AMEP, MMIC, QMMG 10/18/05
Dallas, Texas, Oct 18, 2005 (M2 PRESSWIRE via COMTEX) -- Talkingstocks.com Alerts for Tuesday include ESPRE Solutions, Inc. (OTC: EPRT), American Energy Production, Inc. (OTCBB: AMEP), Marmion Industries Corp. (OTCBB: MMIC) and Quest Minerals and Mining (OTCBB: QMMG).
American Energy Production, Inc. (OTCBB: AMEP) traded as much as 12.68% over open on Monday.
American Energy Production, Inc. engages in the acquisition, development, production, exploration for, and the sale of oil and gas in the United States. The company, through its subsidiary, Bend Arch Petroleum, Inc., holds 1116 acres in Pinto, Texas, and also a 50% interest in 400 acres in Parker County, which includes five producing natural gas wells, as well as natural gas pipeline.
Posted by Zygore on :
Stockguru.com: Guru Alerts for Tuesday, October 18, 2005 - EENT, EDNE, LLLI, AMEP 10/18/05
Dallas, Texas, Oct 18, 2005 (M2 PRESSWIRE via COMTEX) -- Stock Guru Alerts for Tuesday include Energy & Engine Technology Corporation (OTCBB: EENT), Eden Energy Corporation (OTCBB: EDNE), Lamperd Less Lethal Inc. (OTCBB: LLLI) and American Energy Production, Inc. (OTCBB: AMEP).
Posted by Zygore on :
Wall Street News Alert: CWPC, Tuesdays Stock to Watch! October 18, 2005 10/18/05
Weston, FLA., Oct 18, 2005 (M2 PRESSWIRE via COMTEX) -- Wall Street News Alert's "stocks to watch" this morning are: CanWest Petroleum Corporation (OTCBB: CWPC), Transocean Incorporated (NYSE: RIG), Newmont Mining Corporation (NYSE: NEM), American Energy Production Inc. (OTCBB: AMEP) and Peabody Energy (NYSE: BTU).
Posted by fatboydough on :
I hate myself for not selling at.13 F'in a!
Posted by Slippery Wing on :
Get a little greedy did ya!
Looks like we're seeing an early morning slide in the market.
Going to take some patience folks.
Posted by fatboydough on :
Yea i know...Im just kicking myself for not playin the way I normally play...you break your own rules, you break your own ass...ya know? I could have so many more shares now. oh well...
Posted by Slippery Wing on :
Seems to have stalled this morning....
Posted by Berlin on :
oh well. still waiting for that pr then I'm selling.
Posted by mmalone on :
Sorry, I sold my Exxon Mobile stock and it made the whole Oil & Gas sector go down... My bad. Posted by blacklab669 on :
Alot of profit taking in this sector.Every dog has his day.Great buy under .07
Posted by Slippery Wing on :
You can say that again. A lot of profit taking in darn near every sector.
That Exxon sell sure didn't help, and this PPI report sure drove the market down.
On that note, does anyone have a schedule of when these CPI and PPI reports come out? Is it quarterly?
I believe it's monthly.
Posted by Slippery Wing on :
It sure is. Thanks, mmalone. Good find.
-Slip
Posted by Slippery Wing on :
Hey all, I know this really doesn't have anything to do with AMEP, or the OTC guys, but don't get short sided in the oil and gas industry.
Look at what Lufkin did today (LUFK) after a solid Q3 report.
The oil and gas sector has taken a beating lately as far as stock prices go, but remember, long term, this is a good industry to be in.
The ONG sector seems to be turning around this afternoon, even with oil down on increased supply. Of course, when you still have a bunch of refineries down, what do you expect?
Just food for thought!
-Slip
Posted by imakmony2005 on :
time for a run.........
Posted by needfastmoney on :
this winter home heating will go up 66% you have to be a fool not to get in on this one
Posted by BuyTex on :
good argument...lol
Posted by imakmony2005 on :
buytex what you think of qbid. thanks
Posted by Lucas Brachish on :
How low will AMEP dip before the next bouce, ya reckon'?
Posted by buckstalker on :
As long as the weak handed pantywaist traders keep selling their shares to the mm's....
Posted by BeginnersLuck on :
I second that
Posted by Berlin on :
good finish today, at least for me.
Posted by blacklab669 on :
xto came out with earnings today,what a great q3.Afew weeks ago Quick silver &xto rumered to be looking at amep.Cant wait to see our #s Partner subscripions?
Posted by Slippery Wing on :
quote:Originally posted by Berlin: good finish today, at least for me.
Wow, consider yourself lucky!
Posted by Slippery Wing on :
quote:Originally posted by blacklab669: xto came out with earnings today,what a great q3.Afew weeks ago Quick silver &xto rumered to be looking at amep.Cant wait to see our #s Partner subscripions?
I think as additional earnings reports come out, we'll see the oil and gas sector turn around.
In addition, Refco had a huge stake in oil and gas stocks, and when they tanked, it was a fire sale in their oil and gas stocks....
-Slip
Posted by G_Ho on :
How bout some news or somthing? Posted by johnny14511 on :
anybody remeber when it spiked to .145
you think it was a group play going on?
Posted by TechGuy on :
Ya and this thing is still being played
The MMs let it run a little to get people to buy, then they send the price back down to shake the new comers out for a loss.
I've been watching the same people doing this all week, it's sad how people with money manipulate a stock to there advantage.
Posted by TechGuy on :
when I first found this board, I didn't believe in MMs. But now it is painfully obviouse.
The only way to win, is not fall for there crap. Don't sell, this is a great company with HUGE potential.
Posted by Slippery Wing on :
Trying to reverse itself. We're back even now.
Posted by johnny14511 on :
right now try to but in the .05's
Posted by mmalone on :
quote:Originally posted by TechGuy: Ya and this thing is still being played
The MMs let it run a little to get people to buy, then they send the price back down to shake the new comers out for a loss.
I've been watching the same people doing this all week, it's sad how people with money manipulate a stock to there advantage.
Yea, it's becoming very frustrating too. If you can't take a 10% dip then don't buy a penny stock with a market cap under $20 million. This stock has been manipulated since that 14 cent spike.
Hopefully we will get some good news soon, the investor program was supposed to start yesterday and they should start drilling with the new rig soon. A solid quarterly report will give us another boost. I'm trying to ignore the short term volatility at least until news is released and I can read the next 10Q on November 15.
Posted by johnny14511 on :
do the mm's actually sit there and manipulate it or is it all computerized?
Posted by TechGuy on :
I havn't seen any real consistance, so I would need to believe they sit and watch.
But who knows.
Posted by TechGuy on :
If it where computerized, you should be able to see definate patterns. ie. Stock goes up 6% down 7% up 5% down 6%. But it is to unpredictable to be a program.
Posted by Slippery Wing on :
A green uptick. Good sign...
Posted by mmalone on :
I don't know guys... could still be computerized. Any programmed trading that institutions would rely on to trade for them would have to take enough parameters into account (short term interest rates, price of oil, price of indices, P/E ratios, etc.) that the movement would look truly random. Just speculating. It's hard to say really.
Posted by johnny14511 on :
a lot of people been holding this stock with hope thta it goes up to the .10's again there just waiting but they will this imo is the best of breed ofr pennies
Posted by TechGuy on :
Yes but if you look at the L2s you can see the MMs moving there ask and bid around ALOT. They also can have the ask/bid share size increased to cause a panic or a rush.
If this is computerized, I'd like to kick the guy who designed it. It would have only been designed to manipulate good people out of there money.
Posted by johnny14511 on :
like someone said in this board
just give 2 min in a room with theese guys
Posted by mmalone on :
quote:Originally posted by TechGuy: Yes but if you look at the L2s you can see the MMs moving there ask and bid around ALOT. They also can have the ask/bid share size increased to cause a panic or a rush.
If this is computerized, I'd like to kick the guy who designed it. It would have only been designed to manipulate good people out of there money.
Yea, it definately looks like there is manipulation but who knows. One thing I have noticed watching the L2s is that some MMs like ETRD (which I assume is E-Trade) stay out of the game completely, then periodically put a bid or ask in, fill an order, and get back out. I assume that what e-trade is doing is filling orders for customers on their site.
If I had to guess, I'd say that the market makers probably use computerized trading the majority of the time. But I'd also speculate that when a stock like AMEP does the kind of volume that it has been doing in recent weeks it probably gets some human intervention.
Posted by Otttoman on :
When is this dog going to fly. Tried to chase it during its short lived spike and need it to get back to 0.13 just to break even. Anyone think this is possible? Waiting bu not hopeful. I should work for the MMs.... if they want a stock to nosedive, just ask me to buy some it. Just once I'd like to see one of my stocks in the black. What the hell is happening with the market. Once I break even ( if I can) I'm out of these BS penny stocks for good. No one making any money but the brokers ans MM IMO.
Posted by TechGuy on :
quote:Originally posted by mmalone: ]
Yea, it definately looks like there is manipulation but who knows. One thing I have noticed watching the L2s is that some MMs like ETRD (which I assume is E-Trade) stay out of the game completely, then periodically put a bid or ask in, fill an order, and get back out. I assume that what e-trade is doing is filling orders for customers on their site.
If I had to guess, I'd say that the market makers probably use computerized trading the majority of the time. But I'd also speculate that when a stock like AMEP does the kind of volume that it has been doing in recent weeks it probably gets some human intervention. [/QB][/QUOTE]
Look for the guys playing both sides of the fence. ie ask/bid.
NITE - Knite Equity Markets SCHB - USB Equity Markets
They are always moving thier ask/bid around to control the price. Notice that they never disapear (Thier orders are never filled, only parcials) they just move up or down in attemps to manipulate more people out of thier money.
ETRD - E*Trade Equity Markets, these ask and bids are ussually the little guy. Notice that they are not playing both sides, and not constantly changing there ask/bid unless it is a rush to buy or sell. In this case they may continue to move the bid up Chasing the ask price or the other way around. Once the indeviduals order has been filled, they are gone.
Posted by johnny14511 on :
AMEP -- American Energy Production, Inc. Com ($0.0001)<<<<<<<<whats this
i have a question what does COM mean not just on this stock on all off them
Posted by buckstalker on :
Watch it....
Posted by Slippery Wing on :
uptick... maybe it'll move up now
Posted by Slippery Wing on :
0.069 x 0.0695
Posted by johnny14511 on :
AMEP -- American Energy Production, Inc. Com ($0.0001)<<<<<<<<whats this
i have a question what does COM mean not just on this stock on all off them
Posted by BULListic on :
It means nothing....it's like having a 25 cent coupon for some peanut butter and the bottom of the coupon says it can be redeemed for 1/20th of a cent. It's just the par value of the common stock and means nothing to us investors/traders.
Posted by johnny14511 on :
thnx
Posted by mmalone on :
quote: Initial inquiries for the Oil America Group Limited Drilling Partnership have been overwhelming. Joe Christopher and his corporate counsel have submitted the documents for final approval. The Oil America Group Investor program will begin the week of the 20th of October. Potential investors will be notified when the program receives final approval. For more information contact: jchristoper*oilamericagroup.com or 972-386-0601.
That's from the press release on October 11th. Anyone have any more info on the progress of this program, and/or what specifically is 'began' yesterday?
Posted by johnny14511 on :
i was looking too ill tell you if i find anything
Posted by johnny14511 on :
I have noticed that some are selling at the bid...there is only one word that describes this.....DUMB!!!
Posted by johnny14511 on :
they just want to get there money back
they problaby been holding long
Posted by buckstalker on :
Oh...I thought that we were in this game to make money....not just to get it back. Hmmm...then why give it to them in the first place?
Posted by kywee on :
sp*m
Posted by johnny14511 on :
agreed buck
Posted by TechGuy on :
Did you see that scare tactic?
They increased thier ask size to 10000 then sold 10000 shares to themselves at the bid.
Posted by buckstalker on :
Yes...and I also see unseasoned traders falling for it!!!
Posted by TechGuy on :
Now the 10000 share size is gone. Do teh MMs whatch the message boards? Posted by johnny14511 on :
yes im watching
Posted by TechGuy on :
That's not even funny.
After rereading some of your posts, I don't believe you are. It sounds like you might care or have some concern for the little people. Which I believe an MM would not.
But it's not even funny to joke about it. It gives people a sour taste and they (including myself) will begine to second guess your posting and motives
Posted by Andreas on :
ARCA ASK 280 0.0750
What is THAT about? The only ASK that is not 50
Posted by kywee on :
MMs dont spam forums all day, dont worry tech
Posted by TechGuy on :
It's a scare tactic. When (if) the ask gets to .075 the ask size will be 28,000. This gives people the impression that there are alot of shares to be puchased before the pps gets beyond that point.
Thus, people who are looking to sell today, will reduce thier ask price bellow that one, allowing the MMs to get more shares at a cheaper price.
Posted by Slippery Wing on :
If my job were to manipulate stocks all day and make tons of money off doing it, why would I care about some forum?
Silly traders...
Posted by TechGuy on :
Because if the small traders are educated to the MM tricks, then they will not work any more. (Or they'll need to come up with new ones.
MM are not stupid, just greedy.
Posted by kywee on :
to be educated about what the mms are going to do, would be reading their mind, not possible
Posted by TechGuy on :
Not what they are going to do, but what they are doing.
The MMs do not know that you will sell because they put a little pressure on the stock.
But history has told them that you will (you being us small investors)so they continue to play thier games.
So, until the small investor is educated to the fact that these swings are just games, and allow them to understand how the MMs make money from the stock going down, this will continue.
Posted by Andreas on :
Looks like we are getting a nice EOW run now.
Posted by kywee on :
but not every swing comes back up...actually most stay down
Posted by Slippery Wing on :
0.0735 x 0.074
Posted by Slippery Wing on :
0.074 x 0.075
Posted by kywee on :
nice little eod run
Posted by G_Ho on :
crap.
trying to buy 100K at .073.
Posted by Slippery Wing on :
Strong run EOD! Just what we need.
Could it be that people are anticipating a PR on Monday morning?
Posted by Andreas on :
Will we get it back to 0.080 or even 0.0850 today? A little weekend present ?!?!
Posted by Slippery Wing on :
Doubt it. We'd have to jump a lot in the next 20 minutes.
Posted by G_Ho on :
got my 100K at .073.
let's run baby.
good weekend to everyone!
Posted by Lucas Brachish on :
AMEP rocks.
Predictions for Monday, anyone?
Posted by blacklab669 on :
Looks like the MM had their fill ,just in time for the PR next week.Today was the day to get in to make money and I think that a lot of investers realized that!I think a big spike is coming next week!Lets make some money!!!
Posted by Lucas Brachish on :
I'm still debating whether take profit around .10 then and wait for a dip to buy back in later, or just hold on for a few months and take max one-time sell profits... swing or hold... hmmmmm..
It's been a while since I've had a stock this consistently green on my chart -- it's making all my losing stocks feel nervous!
Posted by Berlin on :
Do you think it will hit .10 cents?
That would only be 150% for me.
Posted by iwearpro on :
.10 Will be no prob. We will see that this week im sure.This stock is way under ustimated by most. This stock is huge and it has just now started to move again and I think it will continue to keep a steady pace up at this point. (at least till after winter)
Posted by blacklab669 on :
Approx. date for Q3 Revenues is Nov.16 We are going to see a large increase in profits due to the increase in price of natural gas and oil.Q2 the price of a barrle of oil was 48 dollars,thats a big margin,and natural gas well you know that story off the charts from Q2.AMEP is valued at .15 to .20 PR is coming and when it does and the rig starts drilling this stock will be where it should be.Its a bargin right now.
Posted by mmalone on :
I've owned BSIC for about 6 months now and have made about a 50% profit. Wish I had bought it back in 2002 or so. I still think it's undervalued, like AMEP.
Posted by Slippery Wing on :
Hey all,
I just started looking at PTGC. They appear to be on the same track as AMEP, but they are a little further ahead. They got their first nat. gas well drilled and producing about a month ago.
They closed Friday around 77 cents, and have had some high volume lately. They also plan to spud several more wells before years end, in proven fields.
Before they completed their first well, their stock traded around 0.30. So it more than doubled once the well started producing.
I don't know that I'd expect AMEP to be in the 0.70 cent range by the time they start producing their first well, because PTGC already had some other assets in Wyoming and Miss. before hand. But I do think AMEP should follow the same trend as we start getting wells on line.
Just trying to lay down a benchmark of what we should expect from AMEP.
Regards,
-Slip
Posted by Berlin on :
I'll be happy with .10 - .13 for now, then buy more on the next dip.
Posted by Slippery Wing on :
I think you could probably be successful trading this one for a while. Buy on the dips and sell at the peaks.
On down the road, as the stock price goes up, it will be more difficult to swing, as the margins could go down. Just my opinion, though.
-Slip
Posted by blacklab669 on :
Thats exactly what I said a great buy under .07 Now a great buy under .08 soon it will be under .09...Energy Companies Expecting Huge Profits!!!
Posted by Slippery Wing on :
Let this sucker run!
0.07 x 0.072
Posted by BUY N LOW on :
NG over $13 today AMEP should make Big Profits$$$$$$$$$$$
Posted by HighSide on :
Say BUY N LOW
your from A C.
you say big profits COULD HAPPEN lol
Quack Quack
Posted by Slippery Wing on :
This things having a tough time breaking out today!
My only ONG stock that hasn't seen green...
Posted by clintonj on :
bolingerbands tightenening a breakup or breakdown is in the works
Posted by Slippery Wing on :
Lets get this pig out of the red!
Posted by pensandoenti67 on :
let's do it
If you want to make money send me a PM and I tell you where I got the picks the last three weeks, forget about this pick.
Just wanted to prove my point. I started using XXXX and have return over 1600%, send me an email to same user name * yahoo
Those that been asking me for more picks I'll tell you were to get them, not here for sure. Look around and you see what I mean.
Posted by buckstalker on :
Pens...please stop littering this thread with your groupie BS....
Posted by Slippery Wing on :
Man, if I had that 6% back that AMEP is down today, I'd be having a heck of a day!
Quit weighing me down and get in the green with all your buddies!
Posted by KillaKmetz on :
I would hold on AMEP, unless you know ahead of time when their Rig is putting holes in the groung. It will spike a little then. Hopefully most of you have already made a few bucks on this already... I see it's next big surge coming in mid November, around the 16th, when 3Q earning come out.
Posted by TechGuy on :
The rig should be drilling any day now, every one is waiting on that PR.
October 11, 2005 07:00:04 (ET)
MINERAL WELLS, Texas, Oct 11, 2005 (BUSINESS WIRE) -- American Energy Production Inc. (AMEP, Trade) Due to the enormous amount of share holder interest, AMEP announced today a progress report on the Ideco drilling rig purchased by Investee AMEP Strategic Investments Inc.
Charles Bitters, President of American Energy Production Inc., said, "The refurbishing of the Ideco oil drilling rig is going very well. All of the mud pump engines have been started and have great oil pressure. They are all running very smoothly. The draw works engines will be started today. The company is very happy with these results, because any engine problems would set back the drilling of the first well. Pressure washing and new paint on the rig is almost complete. If the draw works engines run properly, later in the week the derrick will be raised and pictures of the drilling rig will be posted on the websites of AMEP and Oil America Group."
The drilling rig work over should be completed and the rig operational in the next ten days....
Posted by kywee on :
quote:Originally posted by buckstalker: Pens...please stop littering this thread with your groupie BS....
or every other thread...
sorry pens we all ran out of cookies... Posted by mmalone on :
Looks like a bit of a run...
Posted by j_facts on :
some serious volume coming in
Posted by Slippery Wing on :
GREEN!
Good support showing at 0.075
Posted by j_facts on :
not a lot of poeple are selling everybody is waiting for a PR about the drill.
PS: I am from north carolina and it just got cold around here, had to turn the heat on Posted by mmalone on :
Yea, I'm in southwest Virginia and it snowed a bit here last night. It's in the 30s today. Looks like winter is finally here.
Posted by j_facts on :
looks like its going to be a good winter for AMEP
Posted by Slippery Wing on :
Lots of support at 0.075, and decent resistance at 0.080.
Posted by imakmony2005 on :
Great ride.
Posted by Slippery Wing on :
B/A
0.077 x 0.078
Posted by Slippery Wing on :
Support building at 0.077
Little resistance to 0.080
Posted by Slippery Wing on :
Nat Gas up $1.33 to $14.34
Crude up $2.12 to $62.44
If anything, AMEP will help pay my gas bill this winter!
Posted by iwearpro on :
LOL and mine as well slippery! lol mine as well! plus some I hope.
Posted by Slippery Wing on :
0.072 x 0.074
Nite on the B/A
Support at 0.072. Very little resistance.
Posted by Slippery Wing on :
Little late day push here!
Posted by trader_adam on :
When can we expect this PR?
Posted by blacklab669 on :
I would expect by Friday.Everyone in is fully loaded and ready for the ride...
Posted by Zygore on :
Stockguru.com: Guru Alerts for Wednesday, October 26, 2005 VDWB, AMEP, QMMG, IFLB 10/26/05
Dallas, Texas, Oct 26, 2005 (M2 PRESSWIRE via COMTEX) -- Stock Guru Alerts for Wednesday include Video Without Boundaries, Inc. (OTC: VDWB), American Energy Production, Inc. (OTCBB: AMEP), Quest Minerals and Mining (OTCBB: QMMG) and Infinium Labs (OTCBB: IFLB).
American Energy Production, Inc. (OTCBB: AMEP) traded as much as 15.71% over open on Tuesday.
Posted by BUY N LOW on :
Heating Oil inventories Down by 1.6 Million Barrels
Posted by trader_adam on :
This is one heck of a shake. What is happening here?
Posted by BeginnersLuck on :
ONG is down today
Posted by Edster on :
Extremely low volume and activity today. Precursor to a big move UP or DOWN?????
Posted by BULListic on :
AMEP has held too strong despite no news, the only way is up from here. Nobody wants to be out of this for when the news hits and hence AMEP hasn't been like other BB's that tank 50% between news stories...yes, it's down from .14, but it has held here in the .065 to .08 range for some time. I got my 100k and they aren't going anywhere anytime soon.
Posted by BeginnersLuck on :
I was looking through finance.yahoo and apparently AMEP is the the business services industry?
Posted by newpenny on :
I wish someone would tell the company to update their information on various sites like yahoo. They don't even state ownership of the 7000 acres
Posted by BeginnersLuck on :
I'm doing an investment research report for this company and it's amazingly difficult to find information and when information is found what information to use. . .no wonder the OB has such crap on it...the information is so painful to find
Posted by BeginnersLuck on :
Oh and where did you fine the information on the 7,000 acres if you don't mind sharing.
Thanks
Posted by Persia on :
American Energy Production Inc. Announces 20% Increase in 3rd Quarter Production Revenues for Two Investees Thursday October 27, 7:00 am ET
MINERAL WELLS, Texas--(BUSINESS WIRE)--Oct. 27, 2005--American Energy Production Inc. (OTCBB: AMEP - News) announced today 3rd quarter production revenues for it's two wholly owned investees, Production Resources Inc. and Bend Arch Petroleum Inc. ADVERTISEMENT
American Energy Production Inc. investee, Production Resources Inc., sold approximately 2761 barrels of oil in the third quarter for total net oil revenue of $97,617.00.
Bend Arch Petroleum Inc. sold 2782 barrels of oil and 26,431 MCF of natural gas for approximate total gross revenue of $436,281. Total approximate gross revenues for Bend Arch Petroleum Inc. and Production Resources Inc. totaled $533,898.
Charles Bitters, President of American Energy Production Inc. stated, "Oil and Gas revenues in the 3rd quarter increased approximately 20% from the 2nd quarter even though Bend Arch Petroleum Inc has not been able to fracture stimulate several oil and gas wells due to a lack of water caused by the severe drought in the north Texas area. In fracture stimulating a well the amount of slick water required is over 5,000 barrels per well."
Mr. Bitters also stated, "After a few delays with mechanics and part order delays, we are pleased to announce that all drilling rig and mud pump engines started and ran without any major problems or repairs. The derrick should be raised in the next few days and then the drilling rig will be moved to a location on a Bend Arch Petroleum lease to drill a 3100 foot natural gas well and test out the rig."
Posted by QuestSolver on :
nice! Maybe AMEP is starting to climb before my November target!!
GLTA
Posted by mmalone on :
If you want information on this, or any other company, try reading the Quarterly and Annual reports filed with the SEC. They are posted online in the SEC's Edgar database. The URL is http://www.sec.gov/edgar/searchedgar/companysearch.html just type AMEP in where it says 'Ticker Symbol' and you're off. This is an ecellent resource for company research. If you can't find it in the future just search google for 'Edgar', it'll be the first result.
Posted by nattty04 on :
Hope you guys got your shares already because its about to fly!
Posted by Slippery Wing on :
Looks like nite and schb are holding this one down...
Posted by Slippery Wing on :
B/A
0.0745 x 0.075
Tight spread
Posted by Slippery Wing on :
Great, now nite is on the bid AND the ask...
Posted by mmalone on :
Just thought I'd point out that the posted revenue in today's PR, for this quarter alone, represent nearly 50% of the operating expense for the entire 2004 fiscal year. We're probably still at least a quarter away from profitability, but I suspect that the 10Q on 11/15 will show significant improvement on the bottom line.
Posted by HurricaneBob on :
Quest, welcome back. Have fun at Octoberfest? What is your Nov. target?
Posted by Slippery Wing on :
Kind of off topic here, but if you're like me, October has been less than forgiving in the stock market. The following may offer a little insight to where we're going.
my god - I hope they are right.....I need a transfusion
Posted by Slippery Wing on :
Just remember, you never really lose money until you sell!
If it's any reassurance...
Posted by Slippery Wing on :
Of course Nite and SCHB jacking with this one again this morning...
0.066 x 0.067
Posted by Edster on :
quote:Originally posted by Slippery Wing: Of course Nite and SCHB jacking with this one again this morning...
0.066 x 0.067
Looks like they are walking the price down little-by-little. Putitng themselves in a position to gain big time when the price goes up again.
Posted by strike1 on :
will go up when there is actually gas & oil flowing out of the ground from these new Barnett Shale properties... Think AMEP trades sideways or down in lower .06's until then.... and hope to H they don't hit a dry one... Still long.. JMHO
Posted by Edster on :
WOW - SCHB sold over 500,000 * .067 in a four minute timespan.
Posted by BUY N LOW on :
This is a great time to add some more shares if theyn hit a good NG well this stock will FLY!!!!
Posted by blacklab669 on :
What happened to the partnership subcriptions that were so overwhelming.Charles Bitters said he would inform the investers by the end of the month.This PR would make this stock JET.AMEP has a lot on their plate,could see this news soon.
Posted by blacklab669 on :
Initial inquiries for the Oil America Group limited Drilling Partnership have been overwhelming.Joe Christopher and his Corporate counsel have submitted the documents for final approval.They should begin taking partnership subscriptions in early September.Potential investers will be notified when the program receives final approval.For more information contact Joe Christopher 972 386 0601
Posted by strike1 on :
356,000,000+ mil shares yet to hit O/S: Both of these in last Form 10-Q. Is this wrong? That would be bad for us if this happens!
1. Company re-filed the Form with the SEC, with an effective date of June 30, 2005. The Form 2-E filing discloses that the Company received $1,820,000 of proceeds from the offering, net of $30,000 of expenses, through the sale of 171,000,000 shares of the Companys $0.001 par value common stock.
2. In June 2005, the Company received $185,000 of proceeds from the sale of common stock to two groups. The stock was valued at $0.01, the fair market value on the date of the sale. As of June 30, 2005, the shares had not been issued and have been recorded as Common Stock Issuable in the accompanying Financial Statements. ==== 185,000,000 shares
Posted by QuestSolver on :
Strike...even a total of 356 mill in the OS,you think thats a lot?Look around and see other stocks some over $1 or more with twice that many shares or even more.Don't let the potential OS scare you,look at the business plan and the CEO's statement about not adding any more shares,what we have is all we have according to that.And it looks like AMEP is going to be getting some more attention,a few boys on the others boards are starting to pick up on good ONG picks and AMEP is one of the top ones from what I hear.
3 picks to have at least a fair position in imo..
AMEP-American Energy Product--Oil and Gas(Natural Gas)
CLBE-CalbaTech inc.- BioTech (focus Adult stem cell and DNA and Molecular R&D)
PMED-Paradigm Medical Industries-Med sector(surgical and diagnostic high-tech, proprietary equipment and consumable products)
Posted by JimSC on :
Great picks, Quest. My list is:
Good entry points for 5 high-growth stocks at bottom:
AMEP, CLBE, VTLV, VMHVF, and PMED.
Posted by j160e on :
Strike1, I noticed your part 2 should be 18.5 million shares not 185 million. From the last 10Q at the top of page 57:
In June 2005, the Company received $185,000 of proceeds from the sale of 18,500,000 shares of common stock to two groups. The stock was valued at $0.01, the fair market value on the date of the sale. As of June 30, 2005, the shares had not been issued and have been recorded as Common Stock Issuable in the accompanying Financial Statements.
I'm a little confused about part 1 and the 171,000,000 shares. I wonder if the 171,000,000 shares are already included in the issued and outstanding. Note what I've made bold taken from the bottom of page 11 of the last 10Q:
On February 22, 2005, the Company’s Board of Directors determined that it was in the best interest of the Company to discontinue the offering discussed above and to investigate other financing alternatives. Accordingly, the Company filed a Form 2-E pursuant to the Securities Act of 1933 notifying the SEC of the Company’s termination of the offering. However, the filing was not acknowledged by the SEC and the Company re-filed the Form with the SEC, with an effective date of June 30, 2005. The Form 2-E filing discloses that the Company received $1,820,000 of proceeds from the offering, net of $30,000 of expenses, through the sale of 171,000,000 shares of the Company’s $0.001 par value common stock (See Note 7 - Commitments and Contingencies).
Looks like what they re-filed was the form to discontinue the offering. And looking at the paragraph on page 11 above this one, which is referred to where it says "discussed above":
On January 12, 2004, the Company filed a Form N-54 with the Securities and Exchange Commission (“SEC”) to be regulated as a Business Development Company (“BDC”) pursuant to the provisions of section 54(a) of the Investment Company Act of 1940 (“the 1940 Act”), to be subject to the provisions of section 55 through 65 of the 1940 Act. The Company has determined that its operating model best approximates that of an investment company and intends to make investments into developing businesses in the oil and gas and other industries. Additionally, the Board of Directors determined that it was necessary to raise additional capital to carry out the company’s business plan and the Company filed a Form 1-E pursuant to the Securities Act of 1933 notifying the SEC of the Company’s intent to sell up to $4,000,000 of the Company’s common stock at prices between $0.01 and $0.10 per share, or 40,000,000 and 400,000,000 shares, respectively. On January 29, 2004, the 1-E filing notification with the SEC became effective. The Company is presently registered as an Investment Company under the 1940 Act and as such, is authorized to issue up to $4,000,000 in “free-trading” stock at prices ranging from $0.01 to $0.10 per share.
Sounds like maybe the 171,000,000 shares were part of the inital 400,000,000 shares they requested to sell upon being regulated as a Business Development Company on January 12, 2004 and represent what was already sold before they attempted to discontinue that offering with the form 2-E. If so, wouldn't those shares then be part of the current 302,030,234 issued and outstanding? Again if so, that would mean just the 18,500,000 shares would be expected to be added. From June 30th to August 10th, it looks like 5,000,000 have been added leaving 13,500,000 remaining, not 356,000,000.
I don't know if this is correct but just my interpretation. As of the last 10Q there's still a little under 200,000,000 before reaching the A/S maximum.
The A/S is 500,000,000 currently and shares issued and outstanding: From 2004 Q3 10Q as of Nov 10, 2004 - 269,530,234 From 2004 10K as of April 8, 2005 - 298,030,234 From 2005 Q1 10Q as of May 15, 2005 - 298,030,234 From 2005 Q2 10Q as of August 10, 2005 - 302,030,234
Posted by Slippery Wing on :
Lookin' good this morning!
Posted by Slippery Wing on :
0.07 x 0.072
Posted by JL on :
The next share printing company imho.
Posted by j_facts on :
what do you mean by the "next share printing company"
Posted by Slippery Wing on :
I believe I read some PR that indicated the company is not interested in issuing additional shares... Can't remember, will have to dig back through my stack of DD.
-Slip
P.S. - I know, I know, talk is cheap...
Posted by blacklab669 on :
amep is inching down on worrys of inflation.The fed is reporting tom.on intrest rates and we will be looking at his wording for how many more hikes before hes done.Utilities oil and healthcare are a great place to be .I think rate hikes are figured in to the rock bottom price right now could be a great day for the ONG secter this week!!! Posted by blacklab669 on :
amep is inching down on worrys of inflation.The fed is reporting tom.on intrest rates and we will be looking at his wording for how many more hikes before hes done.Utilities oil and healthcare are a great place to be .I think rate hikes are figured in to the rock bottom price right now could be a great day for the ONG secter this week!!! Posted by G_Ho on :
GIVE ME A PR ALREADY!
Posted by G_Ho on :
quote:Originally posted by TechGuy: The rig should be drilling any day now, every one is waiting on that PR.
October 11, 2005 07:00:04 (ET)
MINERAL WELLS, Texas, Oct 11, 2005 (BUSINESS WIRE) -- American Energy Production Inc. (AMEP, Trade) Due to the enormous amount of share holder interest, AMEP announced today a progress report on the Ideco drilling rig purchased by Investee AMEP Strategic Investments Inc.
Charles Bitters, President of American Energy Production Inc., said, "The refurbishing of the Ideco oil drilling rig is going very well. All of the mud pump engines have been started and have great oil pressure. They are all running very smoothly. The draw works engines will be started today. The company is very happy with these results, because any engine problems would set back the drilling of the first well. Pressure washing and new paint on the rig is almost complete. If the draw works engines run properly, later in the week the derrick will be raised and pictures of the drilling rig will be posted on the websites of AMEP and Oil America Group."
The drilling rig work over should be completed and the rig operational in the next ten days....
OK - this was three weeks ago. Has anyone seens the pics on the website yet - are they even posted??
Posted by Slippery Wing on :
trying to turn the corner.
0.067 x 0.068
Posted by Slippery Wing on :
Support forming at 0.068 Solid resistance at 0.070
Posted by G_Ho on :
quote:Originally posted by Slippery Wing: Solid resistance at 0.070
that's an understatement! Posted by Rasica on :
We're witnessing today a demand driven bull market in oil which already caused oil to triple in price in just two years only. The scary thing however is that this increase in price won't be temporary since the world is heading towards 'PEAK-OIL' at an alarmingly high speed. Oil industry expert Matt Simmons says that we could be at the peak of world oil production here and now already. If that horror-scenario turns out to be true then we should prepare ourselves for oil prices heading towards $200 before the end of this decade. (Matt Simmons just warned last week that oil could double to triple this winter to the $125 - $190 range due to severe shortages…) Why is this so important ? Simple, higher oil prices will lead to higher PPI/CPI rates.
Just think about it, you simply can't produce any item without the availability of energy. So when the price of energy goes up producers will be faced with higher costs of production. Sure enough sooner or later they have to pass through those increased costs to the end user (consumer)
We should here some news on how the drilling rig .Thursday they said they would start drilling in a few days,prob started Monday should get update in afew days.What Im waiting for is the anouncement of the partner subscription then amep will jet...
Posted by QuestSolver on :
Emerging Public Company American Energy Production Added to the StockBroadcasting.com Website
Stock Broadcasting, the home for information on micro-cap companies, is pleased to announce that American Energy Production Incorporated (OTCBB: AMEP) has been added to the www.StockBroadcasting.com site as a featured company.
(PRWEB) November 1, 2005 -- American Energy Production Incorporated (OTCBB: AMEP) is now a featured company on the www.StockBroadcasting.com site. As such, investors can find detailed and up to date information about AMEP along with information on other exciting micro-cap companies.
American Energy Production, Inc. is an Oil and Gas Lease Acquisition Company. The Company specializes in acquiring oil and gas leases that have potential for increased oil and natural gas production utilizing new technologies, well workovers and fracture stimulation systems.
Stock Broadcasting provides investors with detailed and up to date information about companies selected by the Stock Broadcasting staff. Get up to date information about featured companies such as: CEO Interviews - Company Write-ups - Historical Stock Price Information - Press Releases - SEC Filings - Email Alerts - Industry News and More. The site also allows you to track the performance of all of your investments through Stock Broadcasting’s Free Portfolio Manager.
Posted by BeginnersLuck on :
where's the volume? and where is this PR?
Posted by G_Ho on :
give me a PR!
Posted by bmaxingout on :
hey why are we sweating man its not even winter yet.just stay calm this puppy will fly again. look at the chart we have very nice upwards accumulation going on.when people start running their heat all day every day amep will be flying off the shelfs.i am currently holding 2.5 million shares. for the past two weeks i have made great money over on the big board.starting next week maybe even late this week i will be buying 2-3 million more i would very much like to have 5-6 million shares before the heating starts.once the drill starts punching money makers into the ground and the thermostats are cranked up we make money.remember the gas tank is still very low this year gas wont be cheap.but we will be alot richer. so see you all again soon right now im going on vacation for a few days maybe do a little fishing. good luck to all bmax,
Posted by iwearpro on :
yeah people sell all your shares so the bottom will fall out of it!!!(then ill buy all the stock myself!!)lol just kidding,hang in there the first really cold snap has not hit yet..
Posted by blacklab669 on :
What nothing to say today? We will see if the big oil stocks had a flash in yhe pan today or its the real thing.Everything is in place for this stock to be trading where it should be...
Posted by Persia on :
American Energy Production Inc. Announces 3D Seismic Study of Two Tracts in the Barnett Shale Friday November 4, 7:00 am ET
MINERAL WELLS, Texas--(BUSINESS WIRE)--Nov. 4, 2005--American Energy Production Inc. (OTCBB:AMEP - News) announced today, two of AMEP Investees Bend Arch Petroleum Inc. and Oil America Group have initiated work on an extensive 3D seismic study on 2500+ acres, consisting of two tracts, in Central and North Central Palo Pinto County, Texas. The purpose of the seismic evaluation is to prepare the way for the re-entry and deepening of two existing wells by Bend Arch Petroleum Inc. into the Barnett Shale formation with horizontal lines and two proposed new joint venture horizontal Barnett Shale wells to be drilled by Oil America Group over the next few months.
"We know the Barnett Shale formation is there. The question is what is the best way to approach its development? The purpose of this study is to develop a clearer picture of the formation in order to attempt to use the specific characteristics of the formation underlying these tracts to our advantage. There are naturally occurring fractures in the formation and we want use the data of this 3-D seismic shoot in both our lateral direction of drilling, and the design of the hydraulic "slick water" fracture used to complete the wells." said Charles Bitters, President of American Energy Production Inc.
"We are cautiously optimistic at the prospect of a substantial increase in the production of both oil and gas in these horizontal wells, over the production rates of the vertical wells we currently have in the immediate vicinity. Drilling horizontal wells in the Barnett Shale has evolved from picking any location to adding a great deal of science and new technology such as the 3-D seismic. With the cost of drilling, completing and equipping a Barnett Shale well today there is very little room for mistakes," stated Mr. Bitters.
Joe Christopher, President of Oil America Group said, "We are thrilled that a spot opened up for us to be able to do this 3-D seismic shoot now because we hope to be drilling on the first well of our program in the next several weeks."
Posted by iwearpro on :
I thought the drill was already in the ground? Or is this another drill site?
Posted by Persia on :
I think they want to go deeper. Either way, this no PR to let AMEP go any higher.
Posted by QuestSolver on :
this is another site,if you go to their webpage you will see all the locations.Though I do agree persia,this PR is just for info purposes and should not really effect the PPS.
Posted by Slippery Wing on :
Helps to know that NO ONE is making money in oil and gas stocks today... Unfortunately.
-SLip
Posted by Akira_Lapin on :
Yeah, lots of stocks are down today.
I decided to pick up a new position here in AMEP because of that. Good entry point even w/o an official drilling PR.
Posted by Akira_Lapin on :
200K order just went through and the bid dropped. MMs are trying to keep this down, so they're looking to accumulate imo.
Looks like this is the bottom of a swing.
Posted by Bluemound_Freak on :
This puppy has done nothing but stay red since that day it went to .14! This is one frustrating position!
Posted by blacklab669 on :
Bunch of PANIC sellers...Just picked up more *.059 .Where still waiting for the meat and potatoes...Have a great weekend all...
Posted by Deluxer4life on :
Time to buy more on Monday if it opens at current price. I don't get the panic sells, if people are that uneasy they shouldn't be playing penny stocks. JMO. Have a good weekend. -Deluxer4life
Posted by blacklab669 on :
Substantial increase in gas and oil.What did all the sellers miss in that statment?This is just two wells...
Posted by blacklab669 on :
Cant wait to hear next pr about the rig.It could of started drilling last friday.3100 ft nat.gas.Thats a big asset to amep.Lets say if you short this stock be ready to cover...
Posted by Stock_Analyzer on :
AMEP has hit the lower regression channel here on the 10 day setting. The bottom imo is around .057 with .052 being second support. Resistance 1 is at .06 then .067 .071 .078 after. Most indicators are showing oversold with the PCR almost topped showing a possible buy signal coming up
Posted by Rasica on :
Mainers will be asked to cut back on electricity use during the coldest evenings this winter to help preserve New England's power system, the state's top utility regulator said Tuesday.
Tight supplies of natural gas, which fuels as much as 40 percent of the region's generating capacity, could make some power plants unavailable during periods of peak demand, said Kurt Adams, chairman of the Maine Public Utilities Commission. In the worst case, that could force regional grid operators to shut off power for as long as an hour to customers in various areas, a strategy known as a rolling blackout. http://pressherald.mainetoday.com/news/state/051026power.shtml Posted by matto on :
www.****************: Market Gainer releases profile for American Energy Production, Inc. 11/7/05
Nov 07, 2005 (M2 PRESSWIRE via COMTEX) -- **************** strives to find dynamic issues that are unknown but because of their technology, approach, executive team, recent discoveries or other key factors, could advance in the market. **************** has identified the following company based on these criteria. American Energy Production, Inc., (OTCBB:AMEP) a business development company, invests in other companies that acquire, develop, produce, explore, and sell oil and gas.
Shares decrease 9% as a mere 10 million in volume exchanges hands far lower than the company's average of 26 million. Today's irregular stock activity comes as the company reveals two of AMEP Investees Bend Arch Petroleum Inc. and Oil America Group have initiated work on an extensive 3D seismic study on 2500+ acres, consisting of two tracts, in Central and North Central Palo Pinto County, Texas. The purpose of the seismic evaluation is to prepare the way for the re-entry and deepening of two existing wells by Bend Arch Petroleum Inc. into the Barnett Shale formation with horizontal lines and two proposed new joint venture horizontal Barnett Shale wells to be drilled by Oil America Group over the next few months.
"We know the Barnett Shale formation is there. The question is what is the best way to approach its development? The purpose of this study is to develop a clearer picture of the formation in order to attempt to use the specific characteristics of the formation underlying these tracts to our advantage. There are naturally occurring fractures in the formation and we want use the data of this 3-D seismic shoot in both our lateral direction of drilling, and the design of the hydraulic "slick water" fracture used to complete the wells." said Charles Bitters, President of American Energy Production Inc.
Market Gainer will be keeping an eye on this company as it pushes its way into the oil and gas sector.
To view the full Market Gainer report visit www.**************** for a complimentary subscription to the newest and most exciting online financial newsletter on the market. No Credit Card information needed.
Posted by j_facts on :
what is going on with this stock
Posted by rider3160 on :
looks good to buy here its nice dip
Posted by G_Ho on :
I'm getting waxed Posted by BULListic on :
Well, 12 MM's at .05 even, so it isn't going lower than that. I think people are just getting impatient. The last two PR's have sent the price down almost immediately. We need the MUTHA news to get this one going way north again.
Posted by Slippery Wing on :
OK, need to turn this turd around!
Posted by G_Ho on :
quote:Originally posted by Slippery Wing: OK, need to turn this turd around!
LOL
turd around.
Posted by Edster1 on :
How far is this thing going to drop. My breakeven is at .072. It'll take a whole bunch of good news just to get this pps back up to the .07 level.
Posted by iwearpro on :
With this stock a fart in the wind will almost push this stock to those levels again... I have been buying the crap out of this stock at these levels.. Good luck and pick up some more,its a steal! Posted by Edster1 on :
quote:Originally posted by iwearpro: With this stock a fart in the wind will almost push this stock to those levels again... I have been buying the crap out of this stock at these levels.. Good luck and pick up some more,its a steal!
Thanks Brian, hope you are right. Lets get those guys at AMEP eating lots and lots of beans [lol].
Posted by Slippery Wing on :
Looks like this might be turning around! Keep the momentum going!
Posted by Edster on :
Nothing has come out to pressure the price up. Don't thinbk the uptrend will hold and we'll probably bleed off pps during the day to finish around yesterday's close.
Posted by Slippery Wing on :
Well, if you're a "chart" type of guy, we hit the 50 day MA yesterday, so there was some support at that level.
That being said, we could REALLY use a good, solid PR to keep the momentum going.
-SLip
Posted by blacklab669 on :
ng price per btu has fallen in the recent weeks because the demand is low.Wait until we get our first cold snap,guess what?It will go up as fast as it went down.On an average it will cost the consumer about 325.00 more this winter to heat their home with ng,which is down from the original estimate of 365.Big deal thats alot of money on the board.We will see this stock trade where it should be on the first cold snap.I couldnt believe that i picked up shares *.059 outstanding
Posted by Edster on :
Very quiet here in AMEP land this morning - only 54,000 shares traded so far.
Posted by imakmony2005 on :
Needs that drilling update and winter to come in big and cold.
Posted by bmaxingout on :
today i will be buying some shares if the pps drops any more then i will have my six million shares. from there i sit and wait this puppy is like money in the bank right now we are seeing the result of oil prices comming down but we are still over sixty dollars per bbl. just look at where oil was last year besides we have gas and lots of it. imho we couldnt be in a better place. good luck all and remember winter is comming
Posted by blacklab669 on :
Word is oil could pull back another 10% because there is no demand right now.Oil is coming in to the US from all over the world thanks to bush.Give credit where due.If amep drops to high 4s tolow 5s Ill pick up more.NG is our ace in the hole.This winter will tell the story.Big money is on the sidelines waiting for the right entry point.
Posted by BuyTex on :
Hey, regret never being able to go visit with the AMEP brass as I thought I would--been too busy to even trade, lately. But many made some dough on this one...
Anyway, just wondering if any of you "Barnett Shale" players ever played or looked into Quicksilver? They gotta huge play in the Barnett...
Posted by QuestSolver on :
the warm weather spell has effected many ONG stocks per CNBC
Posted by Rasica on :
Rasica I was just going to post ng on its way north,up .33 heading back to 12.ng is our ace in the hole.Now how about some comp. updates?The first cold snap is here in the northeast 20s
Posted by Slippery Wing on :
Gettin' cold here in Kansas!
Posted by imakmony2005 on :
WINTER SNOWS ARE COMING$$$$$$$$$$$$$$$$$$$
Posted by QuestSolver on :
10-q's in November
CLBE--due on or around the 16th
AMEP--due on or around the 15th
PMED due on or around the 15th
also FWIW....
DIAAF--due on or around December 22nd.
Posted by blacklab669 on :
ng is on the way back up...So is demand...Green...
Posted by QuestSolver on :
NG and heating oil up now.CNBC talking about demand has increased to.
Posted by Slippery Wing on :
Upticking first thing in the morning...
A good thing?
-Slip
Posted by Slippery Wing on :
Never mind. Couldn't hold. -Slip
Posted by Slippery Wing on :
10-Q is gonna be late. Again.
Huricane Wilma? Are they serious? Didn't that one hit Florida?
Is anyone here selling with the intention of getting back in later, when it hits a low... or are you holding and waiting for a bounce back? I coulda swung this a couple of times, but I held on instead -- and now I'm in the red. So I'm wondering what the best course of action really is here. I figure AMEP will rebound eventually without question, but don't know how smart it is to keep riding it down while it's lacking support....
Posted by blacklab669 on :
Well what I did was sold some *.075 some *.065 and bought *.059,going to buy more mid .04s if I get an opp.We have some big prs overdue.Partner subscriptions the new rig,earnings this week,3D results in both ng re entry wells,any one of these could get this stock trading where it should be.Its to cheap right now.Who ever is selling now is out some money,and if your shorting be ready to cover baby.You will kick yourself...
Posted by Deluxer4life on :
Lucas, I thought about swinging this stock when it was bouncing back and forth from .064-.069. But the fact that this stock can jump in an instant and I bought in low I would rather just let it ride. I just wish the fellows at AMEP would be better at keeping its stockholders informed with news. -Deluxer4life
Posted by QuestSolver on :
NT 10-q filed (extension--10-q now due out on the 21st)
Posted by Edster on :
Does this really mean another week of falling prices before the 10-Q comes out?
Posted by QuestSolver on :
maybe but they filed late last time to and I believe the PPS rose.
Posted by Bluemound_Freak on :
I hope it rises, I feel like a Beaten Mule right about now!
Posted by Edster on :
Hope someone in AMEP releases a little bit of good news on this soon. I felt like a Beaten Mule last week on this one. This can't possible go much lower (he hopes!!!!!!!)
Posted by blacklab669 on :
Just bought more to round off *.044.Turkey day and Ill be loven this $$$$
Posted by Edster on :
What was that buy that just cleared (40,000 shares at .011)???????????
Posted by Superbee383 on :
Was that a buy??? Had to be a bad print.. no??
Posted by Edster on :
looks like the price may be holding in the .041-.042 region. Looks like a solid support at .040 (at least at the moment)......
Posted by redneck woman on :
I spoke with Joe Christopher at AMEP, Still on track, short delay to repair torque converters on engines, estimated completion of repairs this week, test next week and move to first well after that. Takes approx 1 week to drill 1st well, 1 week to production because pipelines are already in the area. 10Q was delayed because their auditor(located in FL) was hit by Wilma and just now back in business. Investment program has started, but by law, it cannot be advertised. He can publish results when it is closed. Positive things are coming...
Posted by Bluemound_Freak on :
God I hope, this was so promising at first, should have sold on the day it hit .14 and then bought back later, Greed sometimes only makes us more BROKE!
Posted by HighSide on :
i know what you mean i watched it that day all day what a ride i did get out on the Highside and i am going to jump back in real soon
GLTY
Posted by servant_350 on :
big blocks bought before close ... i'm not in but does this mean it will rise tomorrow?
Posted by HurricaneBob on :
Thanks for DD Redneck Woman. I was trying to contact Joe myself yesterday and you answered every question I had. The cold front is here, now all we need is the production to with it. Bluemound Freak, I have taken alot of crap from my friends on the hold on .14, but I will tell you that I am afraid to even sell my shares this winter. Next winter these guys could be the major player.
Posted by OFFROAD on :
HEY BOB, ARE YOU SAYING YOU GOT IN * .14??
Posted by OFFROAD on :
ARE YOU GUYS SURE IT ONLY TAKES A WEEK TO DRILL?
I JUST GOT WORD FROM A RELIABLE SOURCE THAT IT SHOULD TAKE 3 TO 4 WEEKS TO DRILL A 3100FT. WELL
Posted by Freddy on :
I have aan interest in a few oil wells, and it usually take a week to set up the equipment, drill the hole, and set the pipe.
Posted by HurricaneBob on :
Bob got in 188k shares * .0204 and 167k shares * .0187 So, I have no worries on initial investment, only working my patience. My friends are just pissed because I did not sell on peak and buy back on dip for double or triple shares.
Posted by NaturalResources on :
quote:Originally posted by OFFROAD: ARE YOU GUYS SURE IT ONLY TAKES A WEEK TO DRILL?
I JUST GOT WORD FROM A RELIABLE SOURCE THAT IT SHOULD TAKE 3 TO 4 WEEKS TO DRILL A 3100FT. WELL
I work as a surveyor for a NG production company in the Appalachia region.
A week for actual drilling is about right in ideal conditions. However, there is a lot more to making money from a well than just drilling a 3100ft hole. It could be weeks, months or even years before the well is producing and making money for AMEP, and that is assuming they don't drill a dry hole. Whether or not this prospect will be a loss or a new source of income for AMEP remains to be seen.
All that aside, I do believe this stock will soar on the announcement of drilling. Just keep a close eye out for any news afterwards, it could drop just as fast if the well is unsuccessful.
Good Luck To All. NR
Posted by QuestSolver on :
nat gas up...crude up...heating oil up and all low reserves....
looks like ONG's are back in business!
Posted by blacklab669 on :
I second that motion Quest.They thought reserves on ong would be up but it turned out to be the opposite.Also a record cold season forcast ahead...
Posted by imakmony2005 on :
Got more at .0420 hpoe the trend has turned.
Posted by Deluxer4life on :
Good close, I think that those that swung this stock are starting to buy again because they now that it won't stay this low for long. Good job to those that swung it. I just stayed for the ride. Lot of volume the last half hour of trading. 0.05 16000 OBB 15:58:17 0.0495 16000 OBB 15:58:17 0.05 5000 OBB 15:56:03 0.05 76000 OBB 15:54:26 0.049 95000 OBB 15:54:24 0.049 24000 OBB 15:54:21 0.05 24000 OBB 15:54:20 0.049 25000 OBB 15:53:04 0.049 75000 OBB 15:52:22 0.049 50000 OBB 15:51:41 0.049 20000 OBB 15:50:37 0.049 5000 OBB 15:49:19 0.05 5000 OBB 15:48:29 0.05 13000 OBB 15:45:48 0.05 60000 OBB 15:42:48 0.05 5000 OBB 15:42:22 0.05 45000 OBB 15:41:54 0.05 5000 OBB 15:41:21 0.049 100000 OBB 15:39:44 0.05 45000 OBB 15:34:07 0.049 5000 OBB 15:33:22 0.049 14490 OBB 15:33:22 0.049 100000 OBB 15:32:58 0.0491 100000 OBB 15:32:57 0.0495 6300 OBB 15:32:54 0.049 6300 OBB 15:32:52 0.05 5000 OBB 15:31:33 0.05 57410 OBB 15:28:17 0.0495 50000 OBB 15:27:59 0.05 50000 OBB 15:27:59
Hopefully this uptrend continues and AMEP releases some good news. FYI Underarmor sport wear is going IPO on Friday. -Deluxer4life
Posted by BeginnersLuck on :
doing alright this morning
Posted by kywee on :
going to have nice steady gains from here
Posted by HurricaneBob on :
If another cold front follows this one in. We will see green everyday next week.
Posted by kywee on :
i hope everyone is getting back on the amep train
Posted by kywee on :
bob where is the cold front?
Posted by Persia on :
Never left it... Posted by kywee on :
shes playin just like she use to. go up some and pull back and go back up
Posted by Persia on :
It's gonna be a cold and green winter.
Posted by HurricaneBob on :
Had a nice conversation, and you can tell he's not feeding you a line of BS.
He said they got the torque converters back Tuesday, and they were working to install them Wednesday. He said that due to demand for equipment to get fixed, they had a tough time keeping the repair shop "on task".
According to him, they were going to lift the derrick either today (Thursday) or Friday, and if all went well, they'd start rolling to location.
He said that the location is prepared and ready to go.
The first well will be what he calls the "shakedown well". It'll be a 3100' vertical well with multiple sand formations. They'd sample each sand formation, and produce out of the best one.
They would not be drilling 24/7 on the first well, as they are trying to break in the crew, and there's no reason to push guys around the clock when the learning curve is that steep.
He confirmed that it takes 9 trucks to move the rig, and it'll take a lot of coordination to get it right, especially on the first go around.
We shot the breeze about some other oil field stuff (that doesn't really apply here so I'm leaving that out) and overall had a good conversation.
So based on this, I expect to be turning the drill bit sometime towards the middle or last part of next week (knock on wood).
-Slip
Posted by kywee on :
could be why this thing is going up, good news might be on the way. its up 50% from yesterday
Posted by blacklab669 on :
Its up because of the demand for ng.Record cold temps forcasted.nprice of ng could go to 18 this winter,was 6 last year at this time .Whos maken money???
Posted by Slippery Wing on :
I keep forgetting about holidays!
Not sure if it's standard to give oil field crews one or two days off. At any rate, I'd expect the rig to at least be on location by Wednesday. JMHO
Oh, I fogot to mention in my previous post....
My original question for JC was to clarify the reason for the late filing of the 10-Q, and how Huricane Wilma could affect the promptness of the filing.
He said, as has been revealed here already, that one of the auditors for the books was/is from Boca Raton, FL. At the time, this lady was in Cancun, Mexico when Wilma went through.
He said that she had to rent a car to get further inland to a different airport, and ended up flying to Denver from where ever she was. She was then able to make it back to FL, only to find her office was without power, etc. etc.
AMEP is also not her only customer, so she was backed up for quite a while...
To make a long story short, the auditor of their books is from FL, and to make matters worse, she was stranded in Cancun when Wilma pounded the Yucatan.
Take that for what it's worth, but that's straight from the horses mouth.
-Slip
Posted by blacklab669 on :
10-Q should be in mon. right before turkey day
Posted by HurricaneBob on :
Hey Slippery Wing, that's the best in depth DD I've seen in awhile. Sounds like everything is on course to me.
Posted by Slippery Wing on :
Thanks, Bob. Sounds that way to me, too.
Biggest thing you've gotta have in this stock is patience and a game plan.
-Slip
Posted by kywee on :
i think people buying into amep know the 10-Q will be good
Posted by QuestSolver on :
10-q should be fair,the fundamentals are good though and its prime time to be in this sector no one can deny that fact.
GLTA
Q
Posted by QuestSolver on :
Dallas, Texas, Nov 18, 2005 (M2 PRESSWIRE via COMTEX) -- Twin Trader Alerts for Friday include American Energy Production, Inc. (OTCBB: AMEP), MIV Therapeutics Inc. (OTCBB: MIVT), Cascade Energy, Inc. (OTCBB: CSCE) and PlanetLink Communications Inc. (OTCBB: PLKC).
To feature your publicly traded company in our alerts, email feature*twintrader.com or call us at (214) 227-7559 and we will gladly send more information on featuring your company with twintrader.com.
American Energy Production, Inc. (OTCBB: AMEP) traded as much as 20% over open on Thursday.
American Energy Production, Inc. engages in the acquisition, development, production, exploration for, and the sale of oil and gas in the United States. The company, through its subsidiary, Bend Arch Petroleum, Inc., holds 1116 acres in Pinto, Texas, and also a 50% interest in 400 acres in Parker County, which includes five producing natural gas wells, as well as natural gas pipeline.
Posted by Zygore on :
American Energy Production Inc. Releases Update to Shareholders on the Progress of the Ideco Drilling Rig 11/18/2005
MINERAL WELLS, Texas, Nov 18, 2005 (BUSINESS WIRE) -- American Energy Production Inc. (OTCBB:AMEP) announced an update to shareholders on the most recent progress of the Ideco drilling rig purchased by Investee AMEP Strategic Investments Inc. The refurbishing of the Ideco oil drilling rig is now complete. The mud pump engines and the draw works engines are running with no problems. The company is extremely happy with these results. Overhauling two torque converters on the draw works engines are completed and re-installed and ready to operate. Pressure washing and new paint on the rig is also complete. The derrick will be raised ASAP and pictures of the drilling rig will be posted on the websites of AMEP and Oil America Group.
Bend Arch Petroleum Inc. will move the drilling rig to Bend Arch Petroleum Inc., 12 well property, and drill a 3,100 foot developmental well. This well will have four to five potential natural gas formations that could produce 200,000 to 300,000 cubic feet of natural gas per day, however there are no guarantees the well will be commercial.
In a recent news announcement, the extensive 3-D seismic study on 2500+ acres, consisting of two tracts, in Central and North Central Palo Pinto County, Texas for Bend Arch Petroleum Inc. will be completed this weekend. The purpose of the seismic evaluation is to prepare the way for the re-entry and deepening of two existing wells by Bend Arch Petroleum Inc. into the Barnett Shale formation with horizontal lines and two proposed new joint venture horizontal Barnett Shale wells to be drilled by Oil America Group over the next few months. As stated previously this 3-D seismic shoot will take some of the guess work out of staking locations for the horizontal Barnett shale wells.
As previously announced AMEP has posted its best 3rd quarter ever. With the Ideco drilling rig becoming operational and our Production Resources Inc. oil properties having great success with AMEP HOA 800 our forward-looking guidance looks positive for a strong 4th quarter and 1st quarter of 2006.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risks, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
SOURCE: American Energy Production Inc.
American Energy Production Inc. Charles Bitters, 210-410-8158 www.americanenergyproduction.com or Oil America Group Inc. Joe Christopher, 972-386-0601 jchristopher*oilamericagroup.com
Copyright Business Wire 2005
Posted by kywee on :
great news
Posted by HurricaneBob on :
All In
Posted by QuestSolver on :
here and DIAAF are two to be in NOW and before close.
GLTA!!
Posted by kywee on :
.064x.065 gap
Posted by kywee on :
.066x.067 give me some company people!
Posted by LincolnSqueezer on :
I'm in here with ya man
Posted by kywee on :
now i dont have to talk to myself. .068x.069
Posted by Slippery Wing on :
Yeah, we're all here....
Slurpin down coffee and watching my AMEP go green!
Posted by nrthroader on :
Go baby go!!
Posted by Bluemound_Freak on :
I thought about adding the other day when this hit the .04's but I didnt and now I am Kicking myself over and over and over! Guess I will just live with what I have!
Posted by kywee on :
lookin good. going to get back in today.
Posted by Slippery Wing on :
having a tough time getting past 0.070
Posted by BeginnersLuck on :
MM's are creating a big spread too
Posted by Slippery Wing on :
Current:
0.066 x 0.067 3x2
Posted by ThehourofTaber on :
I'm still holding with you guys too. I'm hoping to see .25 I know it's definately possible especially once this drill starts bringing us mass amounts of oil! Good luck everyone. Nice to see you QUEST.
Posted by bmaxingout on :
well nice to see everyone is still here looks like we might be on our way back up.i now have all of the shares that i was looking for. i will be holding till mid winter.energy stocks look like they are creeping their way back up so just wait till the cold weather hits. we will be making alot of money this year good luckk to all and keep making money bmax,
Posted by blacklab669 on :
Will sell a portion of amep monday at the gap up to get my investment back.Will be making money with very little risk. Posted by kywee on :
gapping up this AM
Posted by Deluxer4life on :
Waiting for the 10-q, today is the day.
Posted by MovingUp on :
10-q is negative ..means tomorrow it will go down ..right?
Posted by BeginnersLuck on :
It all depends if it is better or worse than expected by the market. A company could have 1 billion dollar loss for the quarter but PPS could still increase becuase the market thought the company would have lost 2 billion of the quarter if that makes sense to you.
Posted by servant_350 on :
yes it does thx alot ... so in AMEP case i beleive it was excepected good run
Posted by Golf57 on :
Huge news for TWOG.
Posted by mmalone on :
Why do you think the 10-q was negative? I just finished reading it and it seems about on par with what I expected. Expenses are decreasing and we are getting closer to profitability. The business plan seems to be progressing, and that is a good thing. The only negative things I came across are things that happened several quarters ago and have been disclosed already.
Posted by mikefdny on :
How did the 10Q look? Should I be worried?
Posted by Deluxer4life on :
mikefdny, It appears AMEP is doing great. Net Loss first 3 quarters in 2004 was $5,210,544 Net Loss first 3 quarters in 2005 was $810,264 I can't wait till AMEP finally gets their first rig producing.
Posted by HurricaneBob on :
more cold coming
Posted by Slippery Wing on :
Started out the morning kind of slow, but it appears to be rebounding.
I like the updated webpage....looks like they are ready to kick in gear now!!
Posted by kywee on :
gapping hard
American Energy Production Inc. Completes Work on Ideco Drilling Rig; Transportation to First Drilling Location Has Begun TUESDAY, NOVEMBER 29, 2005 8:30 AM - BusinessWire
AMEP 0.061 +0.001
MINERAL WELLS, Texas, Nov 29, 2005 (BUSINESS WIRE) -- American Energy Production Inc. (AMEP) announced today the first raising of the derrick on the Ideco drilling rig which is owned by wholly owned investee AMEP Strategic Investments Inc. The raising of the derrick, was the final step in the refurbishment program so the rig can now be moved to the first drilling location.
Charles Bitters, President of American Energy Production Inc., said, "The Ideco drilling rig has been completely re-furbished and the drilling rig derrick was raised the day before Thanksgiving. The drilling rig engines and torque converters ran and worked perfectly. The drilling rig derrick was raised and locked in place very smoothly for the first time since the rig was acquired."
Bend Arch Petroleum Inc. has begun moving the Ideco drilling rig to its twelve well properties, and will drill a 3,100 foot developmental well. This well will have four to five potential natural gas formations that could produce 300,000 to 500,000 cubic feet of natural gas per day. The company will use this relatively shallow well as a test before it attempts to drill to its maximum depth on a horizontal Barnett Shale natural gas well. This well will be used to work out any remaining issues with the rig that may occur before attempting a maximum depth effort with the rig.
Bend Arch Petroleum Inc. geologists have begun studying 3-D seismic maps from the recent seismic shoot to determine two Barnett Shale locations for the Oil America Group Limited Partnership Investor program. Potential investors can contact Joe Christopher at jchristoper*oilamericagroup.com or 972-386-0601.
Statements contained in this release, which are not historical facts, may be considered "forward-looking statements" and are based on current expectations and the current economic environment. We caution the reader that such forward-looking statements are not guarantees of future performance. Unknown risks, uncertainties, as well as other uncontrollable or unknown factors could cause actual results to materially differ from the result, performance, or expectations expressed or implied by such forward-looking statements.
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on this stock!![[Razz]](tongue.gif)
.![[Smile]](smile.gif)
. Im actually going to try to swing today for the first time. Just 30k shares, nothing to drastic. Im trying to learn how and WHEN to do it, and not lose to much money.
![[Wink]](wink.gif)
![[Frown]](frown.gif)
...I had been watching all day and thought it was going to go back down to like .071. Just a quick swing. Jeeze!
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