SNRV may have finally bottomed out!!...It went from .015 to .025 today, up 78%+. Huge, huge volume. Could be the reversal we've been waiting for.
I've averaged down, so sitting pretty!
Sun River is drilling Oil now, so they may be close to anouncing something. They're sitting on tons of valuable assets, law suit has been dropped by ousted managment, and Natural Gas is on the rise.
Natural Gas is up in the $3.70's, winter on the way. Mexico pipeline will draw down reserves, truck and bus conversions should add more demand. China and US economies are showing signs of improvement.
Call your friends and tell them to get in.
Here's the future!
TxDOT Launches Natural Gas Pilot Fleet Program Home > Inside TxDOT > Media Room > News > Statewide Contact: Media RelationsPhone: (512) 463-8700Date: Nov. 14, 2012 --------------------------------------------------------------------------------
Compressed Natural Gas Pilot designed to utilize states’ natural resources AUSTIN — In an effort to improve air quality, increase efficiency and utilize the states’ abundant natural gas resources, the Texas Department of Transportation announced today a Compressed Natural Gas (CNG) Pilot Program in which the agency will test alternative fuel vehicles to perform daily operations. Traditionally, natural gas vehicles cost about 40 percent less to refuel than gasoline vehicles, emit up to 90 percent fewer greenhouse gases, and in many cases, cost less to maintain, according to natural gas experts.
“As an agency with one of the largest fleets and most miles traveled, it’s incumbent upon TxDOT to find more efficient ways to do business, yet still provide Texans with exceptional service,” said Texas Transportation Commissioner Bill Meadows. “Natural gas is an abundant resource in the Lone Star State that has enormous potential for our state’s future. I applaud TxDOT and the natural gas industry for coming together on this project.”
The pilot program, which will begin with the purchase of four CNG Ford F250 trucks, is designed to help TxDOT leaders determine availability of natural gas vehicles and fuel stations, and whether operationally, a fleet powered by natural gas meets the agency’s needs.
Clean Energy, the largest provider of natural gas fuel for transportation in North America and a global leader in the expanding natural gas vehicle fueling market says this is a positive step for all citizens.
“We would like to congratulate TxDOT on moving forward with a fuel produced in Texas,” said James S. Ramsey III, Clean Energy senior business development manager. “It takes this kind of leadership to break America from its addiction to imported oil.”
TxDOT will test the new natural gas trucks in the Dallas/Ft. Worth Metroplex where cities like Irving support alternative fuel options.
“I would like to thank and congratulate TxDOT for their efforts in using alternative fuels, including natural gas, and taking measures to reduce emissions thus helping to improve air quality,” said Irving Mayor Beth Van Duyne. “The City of Irving is a leader in environmental stewardship, which includes an alternatively fueled fleet, solar paneled LED street lights, electric vehicle charging stations and LEED certified buildings. I look forward to the continuation of Irving’s working relationship with TxDOT and our focus on enhancing the quality of life for Irving’s residents, visitors and businesses.”
Once the pilot has concluded, TxDOT will evaluate the success of the program and determine if additional natural gas vehicles will be purchased.
For more information, contact TxDOT Media Relations at MediaRelations@txdot.gov or (512) 463-8700.
Re: Reverse Stock Split on 11/21/12- the ongoing decline of SNRV price is because investors don't know the REAL value of the 'Assets' SNRV owns. They are Very Strong. With the recent increase in Natural Gas, it makes no sense why the price would continue to decline except that people interpret the negative earnings per share as a company weakness. Nothing could be farther from the truth...they are protecting their assets while proceeding with alternative sources of revenue from Oil drilling and a balancing of their portfolio. Oil drilling could be interpreted as speculative, or you could regard the probability of them having success as probable, considering the Frac industry has completely overhauled how companies drill.
U.S. Natural Gas Exports Poised For Takeoff 8 comments, 0 called-out + Comment now + Comment now 14575 26
Shale gas is the energy topic of the day. Production is increasing, but so is gas demand – for electric generation, transportation, and as an industrial feedstock. However, perhaps the most significant dynamic with the potential to drive natural gas prices up in the foreseeable future is a growing push to export LNG from the US. That particular dynamic has recently gone into hyper-drive, with numerous liquid natural gas (LNG) export requests having been filed with the US Department of Energy in the past few years.
Consider this: according to the Energy Information Administration, total natural gas consumption for 2011 was 24.3 trillion cubic feet (Tcf), and 2012 consumption looks to be on the order of 26 Tcf. In the meantime, just since mid-August, US companies have filed for permits with the USDOE to export 7.8 Tcf of LNG – about 30% of current total domestic consumption. Total requests year-to- date equal 11.2 Tcf (though almost 1 Tcf is for re-export of Canadian gas). Add to that, the 5.3 Tcf of exports requested last year, and you get approximately 16.5 Tcf. That’s over 60% of current domestic consumption. It’s also more than the amount of US LNG export capacity from five brownfield and three Greenfield projects in play that are listed in a recent Wood MacKenzie report.
Move up http://i.forbesimg.com t Move down We've Seen The Electric Grid At Its Worst: How About The Gas Network? Peter Kelly-Detwiler Contributor Power Grid Vulnerability: Where Do We Go From Here? Peter Kelly-Detwiler Contributor Of course, not all of these planned facilities will get permitted or built. But some will, and perhaps a good number, because the economics are compelling and the market is there.
At the September LNG Producer-Consumer Conference in Tokyo, the Indian delegate was quoted as saying that India’s LNG import capability will multiply five-fold in as many years. It’s not likely to stop there, in a country of over a billion inhabitants, with their enormous energy problems. For its part, post-Fukushima Japan has shut down all but 2 of its 54 reactors, and Tokyo Electric Power is reportedly in talks with North American suppliers (and negotiating with Washington) to secure long-range gas contracts to supply gas-fired generators. There is a big hole to fill and gas will help fill it.
Clearly, much of the LNG imported by these and other Asian countries will be sourced from places other than North America. Today, 18 countries export the gas to 25 importing nations (with Qatar supplying almost a third of all global LNG in 2011). The US is the new kid on the block, supplying only .1% of the world’s exports last year. However, a powerful combination of robust pipelines, multiple vendors, and world class shale reserves is likely to turn the US – and especially the Gulf Coast – into a favored supplier. If permits can be secured, export growth could occur relatively quickly.
The process of condensing natural gas into a liquid at -160 degrees Celsius reduces its volume by a factor 600, and makes it economic to ship. But the industry is enormously capital-intensive and costs are considerable: A “typical” investment includes an outlay of one to two billion dollars for liquefaction facilities, over two hundred million per vessel for LNG tankers, and half a billion to a billion dollars for receiving terminals. Yet even with those costs, the economic incentive is there. Currently, the North America pays just over $3 per mmBtu, while the Japanese spot market price hovers around $13. In part that’s because Asian gas prices are linked to oil. According to Reuters, long-term contract shipments to Japan would likely be priced at less than $10 per mmBtu. That’s a powerful market differential. Investments in supplying LNG to hungry Asian markets may yield payback periods of under five years for the first players into the game, Woods MacKenzie notes.
The laws of economics dictate that, in the long run, supply and demand reach an equilibrium. LNG facilitates that equilibrium dynamic by linking land-locked North American supplies to world markets. The arbitrage opportunity may eventually diminish if Asian gas and oil prices are de-linked (gas is currently indexed to oil, but there is a strong movement to change that). In the meantime, however, that price differential constitutes a powerful incentive.
The Obama Administration has been looking at this LNG export issue, with a study and recommendations (thrice delayed) due to be released in December. To some degree, this push for numerous twenty-year (or longer) export permits seems to have caught just about everybody off guard. In fact, the Energy Information Administration study from January of this year evaluating this issue posits a high case scenario of 12 Bcf/day. In the meantime, exporters have lined up quickly, and export requests for 1.25 times that amount have been submitted in the past two years.
Although it can take several years and billions of dollars to build the LNG facilities, the LNG price differential and export dynamic truly make gas markets more “liquid.” This is bound to have a long-term upward impact on US natural gas prices. The challenge for the Obama Administration will be how to balance international free markets with the long-sought goal of US energy security. It won’t be easy.
Starting to stablize and head up after the reverse stock split. Low float!!!!!!!!!!!!
Starting to stablize and head upward after the reverse stock split. Low Float!!!!!!
Good base forming. Very high volume yesterday. It's been rising steadily lately. Hope the fueds are over internally. Anyone have more information on the settlements of the board memebers? I know one lawsuit was dropped.
This stock is poised for a good year, depending on their Oil production wells. They should be producing by now. Info???
Positive trend continuing!!! Good volume. Low float was created by the Rev Split a couple months ago. Seems to be acting like a regular stock now.
Ooooh, la, la!!! Strong trend forming! Gapped up this morning. Let it fill in and keep going! I'm trading on free money now!