posted
ALRY >>. A million proved barrels. LOL $$$$$$$
This gentlemen might just be the "Moore Lease" creator !! I will have answer shortly. Most already know and remember Larry Sanford, just acquired the Dark Treasure Lease(consisting of four leases,Moore, Clark, Pendleton and Bayless), from a woman who had it off the market for quite some time. I think I recall her name as being "MOORE" $$$$ Do not quote me on that yet till I can confirm please.
I hated to do this, but I placed a call to JC Friend today, on a Sunday, eekkkkkkkkkkk !, I know bad !....but I just had to know that woman's name who sold the lease...lol there was no answer.
So, my point is = Do you think this guy knew where the oil and gas was in Kansas? LOL LOL He was one of, if not the founding father(s) of Kansas geology....$$$$ He passed away in Lawrence Kansas in 1974
Moore (1930) identified several major physiographic regions: Osage Plains, Cherokee Lowland, Flint Hills, Great Bend Prairie, Cimarron Breaks (Red Hills), Smoky Hills, Blue Hills, and High Plains. This general scheme was elaborated by Schoewe (1949), who recognized the glaciated region, Ozark Plateau, and Chautauqua Hills. He also introduced the Arkansas River Lowlands with four subregions: Finney, Great Bend, McPherson and Wellington.
Raymond Cecil Moore: A Great 20th Century Geological Synthesizer
Kansas Geological Survey, University of Kansas, Lawrence, Kansas 66047, USA
R.C. Moore (1892–1974), administrator, researcher, teacher, world-class stratigrapher and paleontologist, linguist, and artist—a man of many talents—was born 20 February 1892 in Roslyn, Washington, in the Wenatchee Mountains. The eldest of four children born to Bernard Harding Moore, a Baptist minister of Irish descent, and Winifred Denney of Elk Falls, Kansas, Moore was educated at Denison University (Ohio) and granted an A.B. degree with honors in the classics in 1913. At Denison, he was introduced to geology by the learned geologist Frank Carney and was such a good student that he was hired to teach geology his senior year while Carney was on leave.
Moore continued his studies in geology at the University of Chicago and was awarded a doctorate (summa cum laude) three years later for his dissertation on the Early Mississippian formations of Missouri, supervised by Stuart Weller. His education at Chicago included instruction from the giants of the day—Weller, Thomas C. Chamberlain, Samuel W. Williston, and Rollin D. Salisbury. On completion of his studies at Chicago in 1916, he was hired as an assistant professor of geology at the University of Kansas and also state geologist and director of the State Geological Survey of Kansas. Moore replaced W.H. Twenhofel, who left for the University of Wisconsin after having been state geologist for just one year. Twenhofel had replaced the retiring Erasmus “Daddy” Haworth, although Haworth continued as chairman of the department (Merriam, 1975, 2002; Maples and Buchanan, 1989).
Almost immediately, Moore turned his attention to refining the Permo-Pennsylvanian stratigraphy of the Midcontinent. His attention to detail allowed him to correlate individual beds as thin as 5 cm from Nebraska southward to Oklahoma; his measured sections are impeccable. From this detail, he was able to formulate his ideas on cyclic sedimentation and “genetic stratigraphy,” as he phrased it, a forerunner of what we know today as sequence stratigraphy. He was particularly interested in the succession of depositional environments and he defined them by unique fossil assemblages. Many of these studies were the basis for a series of Kansas Geological Society field conferences in the 1930s, a summary publication on the Pennsylvanian of Kansas in 1936, and the revised and updated geological map of Kansas, published in 1937 with co-author Kenneth K. Landes. His flair for organization and technicalities was evident with these activities as he coerced and cajoled his colleagues into a uniform stratigraphic code for the Midcontinent. (He later showed these same abilities as chairman of the U.S. Committee on Stratigraphic Nomenclature and the Committee on Zoological Nomenclature.)
Moore envisioned individual cyclothems to consist of genetically related units, that is, a succession of sediment types deposited in a shallow epicontinental sea by a single advance and retreat of the sea. He extended the original concepts of J.A. Udden and J.M. Weller on cyclothems to a bundle of related cyclothems (usually five, each represented by the culminating marine limestone separated by thick nonmarine clastics), which he termed a “megacyclothem.” Moore noted testily: The notion that any geologist seriously challenges the existence of many orderly successions of lithologically (and paleontologically) differing sorts of rock layers in the Pennsylvanian-Permian part of the geologic column of Kansas and other regions seems preposterous, unless excuse is made for such a geologist that he is grossly uninformed of field facts. (Moore and Merriam, 1959, p. 46)
Moore used a rather elaborate classification for the genetic units based on a decimal-type system. He believed this classification was necessary because the genetic units (cyclothems) could not be mapped easily and there would be no ambiguity with rock units using such a dual classification. He envisioned a similar scheme for his megacyclothems, but neither scheme was adopted by other field geologists.
Using his extensive background in Permo-Pennsylvanian stratigraphy of the Midcontinent and Kansas in particular, Moore took an integral part in the discussions of the 1940s concerning rock cycles and facies as did L.L. Sloss, W.C. Krumbein, E.C. Dapples, H.R. Wanless, and J.M. Weller. In 1949, Sloss, Krumbein, and Dapples defined sequence in its modern sense as the rock sequence or operational unit between operational datum horizons (unconformities) in the Paleozoic of the mid-American craton and named the intervals. These sequences correspond approximately timewise (in a stratigraphic sense) to Joseph Barrell's major depositional cycle (1917), M.K. Elias' grand cycle (1936), and P.D. Krynine's tectonic cycle (1941). Moore suggested the term “magnacycle” to describe these large cycles, but it was never accepted, and sequence prevailed.
Moore entered the arena on facies in 1949 with his defining paper “Meaning of Facies” as an introduction to the Geological Society of America's Memoir 39. In this paper, he sought to clarify the use of terms and classification for the description of variations that characterize cyclic sediments, especially in Permo-Pennsylvanian units of the Midcontinent. He later pioneered the use of ecological communities (ecosystems) to help understand cyclothems. Based on his extensive field work in the Kansas Permo-Pennsylvanian section, he identified and described 20 representative ecologic communities (Moore, 1964). He concluded that (1) many different paleobiotopes could be distinguished, and (2) these communities could be used to test the paleoecological interpretation of cyclically arranged sedimentary deposits. This was Moore's last contribution to the subject, albeit an important one.
Moore had a steel-trap mind and total recall so that he never forgot a person, detail, or place. He could identify a person from his past with complete confidence, recall an event, or locate an outcrop measured decades before; he had an uncanny sense of time and place. The thoroughness and orderliness of his legalistic mind with which he outlined the stratigraphy of Kansas is obvious, as his classification stands today—essentially unchanged—as he proposed it. As the stratigraphic and sedimentological framework took form, he focused his attention on invertebrate paleontology. He showed his versatility in the subject by working with flora as well as fauna, particularly with corals, crinoids, gastropods, and bryozoans. His paleontological work culminated in the classic and yet-used textbook Invertebrate Fossils published in 1952 with co-authors C.G. Lalicker and A.G. Fischer. His lasting contribution was in the conception, organization, and implementation of the Treatise on Invertebrate Paleontology. This gigantic undertaking was envisioned by Moore as early as 1948, with the first volume appearing in 1953. This ongoing synthesis rivals in scope Alexander von Humboldt's nineteenth century Cosmos, Carl Linnaeus' eighteenth century Systema Naturae, and Count de Buffon's Histoire Naturelle.
The list of services to Moore's chosen profession is almost endless as are his contributions to the Kansas Geological Survey, University of Kansas, and State of Kansas. He served as state geologist and director of the State Geological Survey of Kansas from 1916 to 1954 and as principal geologist thereafter. He was chairman of the Department of Geology on three separate occasions (1920–1939, 1940–1941, 1952–1954) and was named one of the first four distinguished professors of the university in 1958; he was accorded emeritus status in 1962.
Of the many honors and awards he received during his career, Moore was most proud that in 1973, the new Kansas Geological Survey building on (KU's) Campus West was named in his honor. He was recognized by many organizations, including his alma mater (Denison), the Philadelphia Academy of Natural Sciences, American Association of Petroleum Geologists, Paleontological Society, Academie Royale de Belgique, Geological Society of London, National Academy of Sciences, and SEPM (Society for Sedimentary Geology). He served as an officer or on committees for many of these organizations. Two honors that he would have cherished but that eluded him were election to the National Academy of Sciences and the Penrose Medal from the Geological Society of America.
“Ol' Professor Ray Moore” was immortalized in a Pogo comic strip telling about the mythical bird, Jayhawkornis kansasensis. He lived to read his obituary after an incident on the Colorado River in which the famous 1923 Birdseye River mapping expedition was assumed lost after a flash flood. At 51, he volunteered for active military service in WWII and later served as a consultant to General Douglas MacArthur in Japan. He was fluent in French, German, and Dutch and conversant in several other languages; he was also a talented artist. Without doubt, he could have been successful in any field he chose.
Moore was an ambitious person with definite objectives. Outwardly, he was a cold and demanding person. In his younger days, he treated colleagues with indifference, and he had zero tolerance for incompetence. He was astringent and, as a result, perhaps unknowingly, made many professional enemies. This gruff treatment of friends and colleagues alike was, in his opinion, for their own good and was meant to correct their deficiencies. W.W. Hambleton described Moore in these words: “He possessed a large ego or, perhaps more appropriately, was comfortable in his knowledge of his own worth.” But Moore did have a wily sense of humor, and as an example, named the Aarde Shale in 1932 for a farm in east-central Kansas just to assure that his proposed name was the first term in the stratigraphic lexicon—and it is. Inwardly, he was a good and caring person but, unfortunately, he did not know how to show affection. He mellowed considerably in his later years and to some, at least, he was a valued friend and ally.
Although his personal life remained private, it probably was not a very happy one, and family contacts were minimal. He was married twice and had a daughter by his first wife. He died in Lawrence, Kansas, on 16 April 1974 at the age of 82 while editing his beloved Treatise. He willed his estate to the University of Kansas and the Geological Society of America for continued support of the Treatise—his lasting legacy. Raymond Cecil Moore was the consummate and committed scholar
Posts: 178 | From: Earth | Registered: Jan 2007
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posted
IMPORTANT UPDATE FROM COMPANY THIS EVENING !!!!
Posted by: joenatural Date:5/2/2007 8:33:54 PM Post #of 6390
J.C. Friend just called me this evening, as he was returning my call from earlier. I had never spoken with anyone at ALRY before, so I thought it was time.
Very nice man. Now what I say below may have already been stated on this board before. I don't know because I just don't follow the board much.
J.C. stated there are 60 million O/S and 7 million are restricted, thus the float is 53 million. The 504 is completely finished and contrary to rumors, there is no other 504 and the company has finished raising cash, which was used for purchase of Dark Treasure lease.
Financials will be out on or about May 14th. The company is now profitable and operating in the black. Much of that money goes right back into developing their leases.
Rex Horning acquisition is already paying off big time. At the beginning of the acquisition, ALRY was sending out an average of 1 1/2 invoices per day. They are now averaging sending out 5 invoices a day and the backlog of wells to be serviced is now up to 60.
Beginning in June, the company will be putting out production numbers for the month before. This will continue every month thereafter and will give us an idea as to their progress each month.
Not sure if anything can be learned from above, but thought I'd pass on what J.C. had to say.
Posts: 178 | From: Earth | Registered: Jan 2007
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quote:Originally posted by hammond_man: confirmed BREAK-OUT above .09!!!! Next res could be .18 . This could easily be a 5x bagger. Check 6 mo. chart..!
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Hold 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Hold
Short Term Indicators Average: 60% - Buy 20-Day Average Volume - 2063685
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Buy 50-Day Average Volume - 1743768
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 - 1208870
posted
This week should see the beginning of a whole new interest in Allenergy Inc....(ALRY) A new market cap will be established.......yum yum..lol
Then soon after we get 2007 1Q numbers....then the NEW monthly production reporting program starts(JUNE)........That right there should make this thing worth a quarter(.25)
Posts: 178 | From: Earth | Registered: Jan 2007
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COFFEYVILLE, Kan., Jan 04, 2007 /PRNewswire-FirstCall via COMTEX/ -- Allenergy, Inc. (OTC: ALRY), with a 17-year history in the oil and gas industry and current involvement in the multi-billion dollar natural gas fields in Kansas and Oklahoma, announced today that it has initiated discussions to sell natural gas to the City of Coffeyville, Kansas, which would be used to power generators that supply electricity to the City and surrounding areas.
"We have been in contact with the City Engineer and have proposed placing a gas dehydration unit on Allenergy's 160-acre Smith Lease property," said Company President Larry Sanford. "This unit will dry the gas and then compress it into a dry gas pipeline that will be used to power the generators," he added.
"Allenergy has planned follow up meetings with City of Coffeyville officials to expedite this important project," Mr. Sanford concluded. Coffeyville, in southeastern Kansas, is a manufacturing center and home to Amazon.com's largest distribution outlet.
Note: Certain statements in this news release may contain "forward-looking" information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.
Posts: 178 | From: Earth | Registered: Jan 2007
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Allenergy To Post Financial Results Monday May 14, 10:00 am ET
COFFEYVILLE, Kan., May 14 /PRNewswire-FirstCall/ -- Allenergy, Inc. (AlRY), with a 17-year history in the oil and gas industry and current involvement in the multi-billion dollar natural gas fields in Kansas and Oklahoma, said today it will disclose financial statements for the entire year 2006 and through April 2007 on May 15th at http://www.allenergyinc.com . This can be viewed at the shareholders' update. "Although Allenergy is not required to release financial statements to the public, we intend to make the Company as transparent as possible so our shareholders can be confident in charting our growth," said Larry Sanford, President.
"Southeastern Kansas experienced extremely severe weather in December 2006 and January 2007 resulting in a disappointing variance of oil and gas production," Mr. Sanford said. "The fourth quarter of 2006 was the first unprofitable quarter since the second quarter of 2005. The weather problems continued with the arrival of Spring and record rainfall. Allenergy has only recently returned to producing and we have increased our production numbers substantially, allowing the Company to return to profitability."
"The financials that will be posted do not reflect the enormous production numbers that will be realized from the latest acquisitions of the Dark Treasures, Bayless "B" and Rex Horning Well Service," Mr. Sanford said. "The U.S. Securities and Exchange Commission does not allow a company to book proved oil and gas reserves, however, it can footnote these reserves. Allenergy has proved values from desorption laboratory tests of coal bed methane in excess of a half billion cubic feet. We are well positioned to have a banner year for the shareholders and our Company."
About Allenergy:
Allenergy, Inc. (OTC: ALRY - News) is strategically focused on areas of Kansas and Oklahoma believed to contain more than 1.5 trillion cubic feet of natural gas and helium at shallow depths. The Company currently holds approximately 5,500 acres of leased land with over 100 oil and gas wells on its producing properties.
-------------------- Men lie......Women lie........numbers don't......... Posts: 526 | From: Atlantic city | Registered: Mar 2006
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posted
What is a half billion feet from coal methane gas is worth?
-------------------------------------------------
Posted by: stephan129 In reply to: under_pink_sheets who wrote msg# 6912 Date:5/14/2007 6:31:16 PM Post #of 6926
Can someone tell me what a half billion feet from coal methane gas is worth. If 100,000 is worth eight hundred dollars, a million is woth 8000.00 dollars a hundred million is worth $800,000 dollars and 500 million is only worth 3 million dollars. I must be screwing the math up somewhere, can someone help me with this. ------------------------------------------ Posted by: lowman In reply to: stephan129 who wrote msg# 6922 Date: 5/14/2007 6:39:46 PM Post #
Posted by: blackoak In reply to: None Date:5/14/2007 3:59:58 PM Post #of 6927
Some financial yardsticks I personally would use re ALRY's imminent company numbers release: (1) evidence of ANY positive Net Income for four months of 2007 considering the lousy area weather conditions; (2) substantial reduction of the $1,000,000 company debt CEO Larry Sanford inherited; and (3) increase in real assets and stockholders' equity over 2006 year-end figures. If all of the foregoing is achieved WITHOUT the impapct of the Dark Treasures and Bayless leases and WITHOUT the revenue increases attributed to the Rex Horning Drilling Company subsidiary, then Katie-bar-the-door, we are on our way to becoming a major minor O&G heartland energy company...:-)
-------------------- Men lie......Women lie........numbers don't......... Posts: 526 | From: Atlantic city | Registered: Mar 2006
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posted
Re: Getting more *.10-was a GIFT from STOCK GODS !! When I got shares for 0.10 and .105....... I almost cried..lol That was as easy as taking Clay Aiken's lunch Money as a kid>>>>LOL Them .10's shares lasted all of about 5 minutes...such a deal....
Today I believe was the BUYING days of BUYING days..........IMO
This is the first Oil and Gas PINKY play of the year that has surfaced so far, that has got the stones to go to what we call "Sub-penny par" >> A BUCK ! ($1.00)..............
Posts: 178 | From: Earth | Registered: Jan 2007
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posted
ALRY -- Allenergy Inc. Com ($0.001) COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Allenergy To Post Financial Results
COFFEYVILLE, Kan., May 14, 2007 /PRNewswire-FirstCall via COMTEX/ -- Allenergy, Inc. (OTC: ALRY), with a 17-year history in the oil and gas industry and current involvement in the multi-billion dollar natural gas fields in Kansas and Oklahoma, said today it will disclose financial statements for the entire year 2006 and through April 2007 on May 15th at http://www.allenergyinc.com . This can be viewed at the shareholders' update. "Although Allenergy is not required to release financial statements to the public, we intend to make the Company as transparent as possible so our shareholders can be confident in charting our growth," said Larry Sanford, President. "Southeastern Kansas experienced extremely severe weather in December 2006 and January 2007 resulting in a disappointing variance of oil and gas production," Mr. Sanford said. "The fourth quarter of 2006 was the first unprofitable quarter since the second quarter of 2005. The weather problems continued with the arrival of Spring and record rainfall. Allenergy has only recently returned to producing and we have increased our production numbers substantially, allowing the Company to return to profitability."
"The financials that will be posted do not reflect the enormous production numbers that will be realized from the latest acquisitions of the Dark Treasures, Bayless "B" and Rex Horning Well Service," Mr. Sanford said. "The U.S. Securities and Exchange Commission does not allow a company to book proved oil and gas reserves, however, it can footnote these reserves. Allenergy has proved values from desorption laboratory tests of coal bed methane in excess of a half billion cubic feet. We are well positioned to have a banner year for the shareholders and our Company."
About Allenergy:
Allenergy, Inc. (OTC: ALRY) is strategically focused on areas of Kansas and Oklahoma believed to contain more than 1.5 trillion cubic feet of natural gas and helium at shallow depths. The Company currently holds approximately 5,500 acres of leased land with over 100 oil and gas wells on its producing properties.
Note: Certain statements in this news release may contain "forward looking" information within the meaning of rule 175 under the Securities Act of 1933 and Rule 3b-6 under the Securities Act of 1934 and are subject to the safe harbor created by those rules. All statements, other than statements of fact, included in this release, may include forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will be accurate and actual results and future events could differ materially from those anticipated in such statements.
Allenergy, Inc.: 877-277-8171
Contacts: J.C. Friend at jcallenergy*aol.com E&E Communications Paul Knopick, (949) 707-5365 pknopick*eandecommunications.com
SOURCE Allenergy, Inc.
CONTACT: J.C. Friend of Allenergy, Inc., +1-877-277-8171, jcallenergy*aol.com; Paul Knopick of E&E Communications, +1-949-707-5365, pknopick*eandecommunications.com
posted
(ALRY) Statement For the Four Months Ending April - 2007/05/15 12:21 pm ALLENERGY INCORPORATED Income Statement For the Four Months Ending April 30, 2007
They do what they say they are going to do.........That alone is worth .40 in PINKYLAND>.............IMO And the have more oil/gas then you can shake a stick at........wait till next PR at end of week or Monday.........<$$$$
Posts: 178 | From: Earth | Registered: Jan 2007
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posted
Just read the financials. Though I have a few questions, all in all, I thinks they look good and indicative of ALRY being a bottom-play right now, with limited time to accumulate the cheapest shares.
Rex Horning, Dark Treasure, and Bayless 'B' seem like the juggernauts for the ALRY pps next month.
Should be an interesting, profitable summer for all here.
GLTA and Go ALRY!
-------------------- Men lie......Women lie........numbers don't......... Posts: 526 | From: Atlantic city | Registered: Mar 2006
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posted
One man's take (not mine) on newly released financials:
1) Total Assets INCR. from $2,053,477 to $2,251,473 ! 2) Stockholders Equity INCR. from $1,417,885 to $1,715,021 ! 3) Debt/Equity Ratio: DECR. from 35.4% to 23.8% ! 4) Net Income INCR. from ($33,255) to $158,155 !! 5) Long Term Debt DECR. from $700,260 to $407,989 !!
And again, all of the above has been accomplished by CEO Larry Sanford under severe weather conditions of this last winter and WITHOUT the benefits of the Rex Horning Co. revenue AND the O&G production from the Dark Treasure and Bayless leases !!
Which reminds me, that "Field Expense" item of $34,507 is probably for third-party oil rig expenses; that number should be substantially reduced on subsequent income statements since ALRY now OWNS the drilling company!
Congrats to Allenergy for these achievements...now let's go forward and build on this base slowly and steadily......
Posted by: blackoak In reply to: None Date:5/15/2007 3:58:49 PM Post #of 7003
posted
We should see steady gains this week.....IMO
When people get home tonight from work and see we posted financials (on time).....we need a couple days for the news to travel around..is point jist........ Posts: 178 | From: Earth | Registered: Jan 2007
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posted
At 7:00pm on CNBC there is a hour long special on stock ****gers that bash companies for profit.....how does it affect your investment????? NOW
Posts: 178 | From: Earth | Registered: Jan 2007
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posted
116,668.62 total revenues just for April....with no gas sales and without our new leases.....just wait until the #'s come with the rest of our production.....
-------------------- Men lie......Women lie........numbers don't......... Posts: 526 | From: Atlantic city | Registered: Mar 2006
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posted
$$$Wait till the get a gander of the gas and oil coming out of the TM-1 Moore well $$
That is the icing on the cake Toad... These set of #'s don't even show Smith Lease, Dark Treasures, REX acquisition Posts: 178 | From: Earth | Registered: Jan 2007
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posted
You made a good buy at .12...don't worry it gets a lot better then today's action..I promise $$$$$
Posts: 178 | From: Earth | Registered: Jan 2007
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Want to trade successfully? Just choose the good positions and avoid the bad ones. Poor trade selection takes a heavy toll as it bleeds your confidence and wallet. You face many crossroads during each market day. Without a system of discipline for your decision-making, impulse and emotion will undermine skills as you chase the wrong stocks at the worst times.
Many short-term players view trading as a form of gambling. Without planning or discipline, they throw money at the market. The occasional big score reinforces this easy money attitude but sets them up for ultimate failure. Without defensive rules, insiders easily feed off these losers and send them off to other hobbies.
Technical Analysis teaches traders to execute positions based on numbers, time and volume.This discipline forces traders to distance themselves from reckless gambling behavior. Through detached execution and solid risk management, short-term trading finally "works".
Markets echo similar patterns over and over again. The science of trend allows you to build systematic rules to play these repeating formations and avoid the chase:
1. Forget the news, remember the chart. You're not smart enough to know how news will affect price. The chart already knows the news is coming.
2. Buy the first pullback from a new high. Sell the first pullback from a new low. There's always a crowd that missed the first boat.
3. Buy at support, sell at resistance. Everyone sees the same thing and they're all just waiting to jump in the pool.
4. Short rallies not selloffs. When markets drop, shorts finally turn a profit and get ready to cover.
5. Don't buy up into a major moving average or sell down into one. See #3.
6. Don't chase momentum if you can't find the exit. Assume the market will reverse the minute you get in. If it's a long way to the door, you're in big trouble.
7. Exhaustion gaps get filled. Breakaway and continuation gaps don't. The old traders' wisdom is a lie. Trade in the direction of gap support whenever you can.
8. Trends test the point of last support/resistance. Enter here even if it hurts.
9. Trade with the TICK not against it. Don't be a hero. Go with the money flow.
10. If you have to look, it isn't there. Forget your college degree and trust your instincts.
11. Sell the second high, buy the second low. After sharp pullbacks, the first test of any high or low always runs into resistance. Look for the break on the third or fourth try.
12. The trend is your friend in the last hour. As volume cranks up at 3:00pm don't expect anyone to change the channel.
13. Avoid the open. They see YOU coming sucker
14. 1-2-3-Drop-Up. Look for downtrends to reverse after a top, two lower highs and a double bottom.
15. Bulls live above the 200 day, bears live below. Sellers eat up rallies below this key moving average line and buyers to come to the rescue above it.
16. Price has memory. What did price do the last time it hit a certain level? Chances are it will do it again.
17. Big volume kills moves. Climax blow-offs take both buyers and sellers out of the market and lead to sideways action.
18. Trends never turn on a dime. Reversals build slowly. The first sharp dip always finds buyers and the first sharp rise always finds sellers.
19. Bottoms take longer to form than tops. Fear acts more quickly than greed and causes stocks to drop from their own weight.
20. Beat the crowd in and out the door. You have to take their money before they take yours, period.
Posts: 178 | From: Earth | Registered: Jan 2007
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quote:Originally posted by T e x: where's your list from, EnergyMan?
I found it on I-Hub somewhere...I kept it for awhile.....thought it would be interesting to post.....was it?...........lol
Posts: 178 | From: Earth | Registered: Jan 2007
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quote:Originally posted by T e x: where's your list from, EnergyMan?
Them .10's were a steal...$$$$$
I was so glad I added on dips through the week
I also called JC and Larry this morning and told them that Well Renewal Inc., was having a fire sale on ALL their leases...as of today's PR from them.......They were pretty excited about that....
As you know, I became Chief Executive Officer of Well Renewal in mid-March this year. I wanted to take this opportunity to introduce myself and to update you on the progress and direction of Well Renewal.
I have spent the majority of my career involved in mergers and acquisitions and structuring financial transactions. After graduating from law school at NYU I worked at a large New York City law firm, Skadden Arps. I have since worked with several companies, assisting them with raising capital and growing their businesses both organically and through acquisitions.
The opportunity for us to become profitable in the oil and gas business at Well Renewal is exceptionally promising. Our primary focus is acquiring quality businesses and entering into joint ventures with companies that have substantial history in the industry. We are reviewing a number of companies in the industry, both on the production and services side of the business, that fit our criteria. Our focus as a management team is to locate these businesses and to bring them into the Well Renewal family.
I am looking forward to putting my background in mergers and acquisitions to work. The senior management team at Well Renewal also includes Harry Martin our Chief Financial Officer. Harry's financial background includes serving as the Controller for multi-million dollar ($500,000,000 and $200,000,000) companies, both publicly traded companies. As Chief Financial Officer of a multi- million dollar public company, he was instrumental in acquiring and merging six companies into the entity. In addition, Andy Goodell is our Executive Vice President of Operations. Andy has over thirty years of experience in technical, administrative and management positions within the oil and gas industry. This experience provides a solid base for his role to assess the operations of our acquisition targets, as well as the ability to integrate them into Well Renewal.
In the past six weeks we have entered into two binding letters of intent. The first with Team Services of Michigan. Team has a incredibly experienced management team, headed by Don and Tim Tinker. Team should generate approximately $14 million in revenue in 2007, resulting in approximately $4 million in EBITDA. We are very excited about integrating Team, as well as utilizing Don and Tim's vast knowledge and experience at Well Renewal.
The second letter of intent executed is with Cementer's Well Service in Colorado. Like Team, Cementer's is run by an exceptionally experienced and skilled senior management team, headed by Rose and Jack Stoller. Rose and Jack have been running the business for 30 years. Again, we are excited to work closely with them and integrating them into the Well Renewal fold.
We are currently conducting an audit of Team. Audits for Cementer's have already been completed. We have been informed by our investment bankers that we should be in a position to close each of Team and Cementer's within the next six to eight weeks.
As illustrated by Team and Cementer's, our criteria for acquisitions involves finding a proven business, with a sustainable model, headed by an experienced, highly competent and ethical management teams. We have developed relationships with investment banking institutions that will allow us access to capital on attractive terms to complete the acquisitions. Our goal is to acquire as many quality businesses that meet our criteria as possible over the next several years. We invite each of you to present us with opportunities you may be aware of at any time. We are always on the lookout for quality companies.
Further, our board has determined WRNW will sell all of its owned lease assets (oil and gas) and concentrate on continued M&A activity for continued growth. Therefore, I ceased all drilling activity and am preparing appraisals for the assets to be sold. I am meeting next week with an oil services company in west TX and other prospects are under consideration. I am in initial discussions with perspective buyers for the lease assets.
Financial Update
As you know, we are currently trading on the pink sheets as a non-reporting company. The primary reason that we are not trading on another exchange is that we do not yet have audited financial statements. We are currently working on remedying this, and anticipate having audited financial statements before the end of 2007. At that time, we will make application to move to another exchange.
We have also recently completed a net equity capital raise of approximately $800,000 for the company. During the course of our equity capital raise we obviously needed to issue significant amounts of stock. The number of shares currently outstanding is approximately 562,000,000.
We have also initiated the process of raising additional equity capital of between $1 million and $5 million. We anticipate being in a position to raise this capital within the next 3 to 4 months.
All of us at Well Renewal are especially excited about the prospects for our industry. The opportunities that we are currently reviewing are substantial and, more importantly, very achievable. I look forward to your continued support as we take Well Renewal to the next level.
D. Rees CEO
Posts: 178 | From: Earth | Registered: Jan 2007
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Maybe ALRY can buy WRNW equipment and leases for cheap......lol...I'm sure our company could figure out how to get the product out of the ground.....
-------------------- Men lie......Women lie........numbers don't......... Posts: 526 | From: Atlantic city | Registered: Mar 2006
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Their leases ain't much to speak off, but that equipment would sure come in Handy around our(ALRY's) Smith,Ball, Moore leases....And I guess some experienced operators and riggers are out of work now...That is a shame....seriously ! Maybe we could get some good new man out of it !!!! I know for a fact we need more holding battery tanks.
Posts: 178 | From: Earth | Registered: Jan 2007
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