posted
SVSE broke its upward trend. But since nothing has changed, Pipeline still coming on-line, and Alberta wells in testing, whats to worry? Holding long term.
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posted
I don't consider it oversold until it goes below 30. you are right that it's on the downtrend. wouldn't the dragonfly doji on friday indicate a likely reversal? if it does hit RSI 20 - that should be the resistance at around 0.85 - 0.90. I got to look into this more. it is an energy company and supposedly we are going to have an ebergy crisis. what do you think?
quote:Originally posted by Machiavelli: Watch SVSE.. its currently on a downtrend being oversold.. watch for it to bounce back when its RSI hits around 20 if not sooner...
posted
yeah it looks like a Dragonfly Doji... when i posted the thread it was before the close of the market i think.. anyways look for confirmation on Monday morning before entering a position.. but yes Dragonfly doji are reversal candle patterns.. last time a dragonfly formed the stock did a very nice uptrend... was around the middle of December i believe... but if it continues its downtrend and doesnt reverse on monday morning then keep a eye on it carefully as it nears RSI 20...
-------------------- Let the world change you... And you can change the world.
posted
a down day for svse - likely due to the overall market down and three day weekend coming up. like glass says - it will turn. i would wait to buy until next week IMO. i don't think there is going to be a whole lot of buying of anything tomorrow IMO.
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posted
Welcome, robert_t43 [Sign Out] My Yahoo! View - Customize Financial News Enter symbol(s) BasicPerformanceReal-time MktDetailedChartResearchOptionsOrder Book Symbol Lookup
Press Release Source: ECON Corporate Services
NaturalGasStocks.com Features Energy Stocks Update: "Going With What Works: Another Energy Stock With Solid Insider Buying," at the Insiders Corner by Michael Brush Thursday February 24, 11:16 am ET
POINT ROBERTS, WA--(MARKET WIRE)--Feb 24, 2005 -- www.NaturalGasStocks.com (NGS), a global investor website for the natural gas sector, is pleased to offer an updated exclusive commentary on energy stocks: "Going With What Works: Another Energy Stock With Solid Insider Buying." The article is part of the ongoing "Insiders Corner" column, by well-known financial writer and author Michael Brush. Mr. Brush also writes a weekly market column for CNBC on MSN Money. Mr. Brush has covered business and investing for the New York Times, Money magazine and the Economist Group. NaturalGasStocks.com is a portal under the ***************** umbrella. The NGS site does not make recommendations, but offers a unique information portal to investors to explore news, articles, and recent research.
This Week's Feature: Going With What Works: Another Energy Stock With Solid Insider Buying By Michael Brush ADVERTISEMENT
Small-cap energy companies whose insiders are snapping up shares have been an excellent place to pick up phenomenal returns. Since it usually pays to go with what's working, let's take a look at another one that looks like a buy because of recent insider activity: Tri-Valley.
Before we get to the details on this stock, which I think could triple or more in a year or two, let's take on the skeptics who might make the following challenge. "Yes, energy stocks where insiders are buying have done well, but they've only gone up because energy overall has been a top performing sector this year."
They are right about the first part. But they're wrong on the second, because small energy companies where insiders are buying have done way better than most other energy stocks. For some evidence, let's look at the four energy stocks in my Jan. 14 Insider's Corner column. (For Insider's Corner headlines, click here: http://*****************/insiderscorner/.)
Two of those stocks, Goodrich Petroleum and Infinity, are up an impressive 54% in the five weeks since that column ran. Another, PetroQuest Energy is up 43%. Even the worst performing stock from that column, Chesapeake Energy, has gained 22%.
In other words, all of them have simply trounced the iShares S&P Global Energy Sector exchange traded fund (ICX), which advanced 14% in the same time frame.
Another great example: Parker Drilling, the very first stock I introduced in Insider's Corner last Nov. 30. In the three months since then, it's up 27%, compared to gains of just 7.9% for the iShares S&P Global Energy Sector exchange traded fund in the same time frame.
Now here's a closer look at Tri-Valley, another one that should outpace the energy sector overall.
Tri-Valley
Tri-Valley is a Bakersfield, California-based energy company with lots of moving parts, including a minerals division that will get spun out to shareholders at some point soon. But let's just focus on what looks like the most interesting piece: the company's natural gas fields in and around Bakersfield.
Here's the bottom line: A report last summer by Charles Strain and Associates, a reputable energy sector analyst, put the net asset value (NAV) of Tri-Valley's Bakersfield projects at $47.46 per share. The stock recently traded at around $13.
NAV is derived by discounting back the value of future production, to understand what the projects are worth in the present. The Charles Strain report uses conservative assumptions, including a $25 per barrel price of oil. Oil recently traded for twice that amount. Sure, mistakes and surprises can happen along the way. But basically it looks like Tri-Valley is still trading way below where it should be, despite the recent breakout from the $10 trading range for the stock.
The Charles Strain report looks at what Tri-Valley might produce going down to depths of 12,000 feet in the Bakersfield area. But Tri-Valley says reserves actually reach down as far as 45,000 feet, and it may be possible to produce well into those depths. This isn't clear, because structures are different in California than anywhere else where production has occurred so deep. "So this is pioneering effort," says chief executive F. Lynn Blystone. "But if we are successful, we will in effect open up the third century of the oil business in California."
Recent insider activity suggests the valuation work by Charles Strain is on target and the stock will be moving higher. A Tri-Valley director purchased $208,000 worth of stock for $8.40 in early January, according to Thomson Financial.
Directors also exercised 570,000 shares in options, at prices of 50 cents to $2.43 since early December. But more importantly, they did not sell the shares. What does this mean? It suggests they see much bigger gains ahead for the stock, and they wanted to realize the tax effect of exercising options now, before the stock gains play out. In short, it's a bullish sign.
Bottom line: I already own shares, but I'd buy more right now and hold for a triple in a year or two.
At the time of publication, Michael Brush owned shares of Tri-Valley.
Featured Public Companies: (NGS is compensated for featured company profiles)
Avalon Gold Corporation (OTC BB:AVGC.OB - News) has an undivided 85% working interest in a giant gas field lease in the prolific natural gas producing Uinta Basin, located in the US Rockies, Utah. The lease comprises 13,189 acres with a potential 4 TCF recoverable gas and is overpressured by a 0.55 - 0.85 gradient. Avalon states that its Uinta Basin Prospect has the potential of being a Giant Gas Field similar to the Drunkards Wash Field and the Jonah Field, both recognized gas fields. The Drunkards Wash Field, just south of Avalon's prospect area, is estimated to be between 2-4 TCF of recoverable gas. The Jonah Field Overpressured Gas Plain, which is analogous to the Company's prospect area, has similar overpressuring, depth, reservoir rocks and is estimated to be 2.5+ TCF. http://www.avalongold.ws/
Heartland Oil & Gas Corp (OTC BB:HOGC.OB - News) Heartland is developing approximately 915,000 acres of coal bed methane lands in the Forest City Basin (FCB) in the state of Kansas, USA. Using an 80 acre spacing the acreage is expected to provide approximately 10,000 drill locations. The company currently has 89 wells, in eight pilots including 55 CBM wells that are currently dewatering and/or venting gas, 26 CBM wells awaiting stimulation and 8 saltwater disposal wells. Heartland's recent acquisition of Evergreen Resources' FCB assets and $44.5 Million financing provide for long term growth. http://www.heartlandoilandgas.com/
Petrol Oil and Gas, Inc. (OTC BB:POIG.OB - News) is producing oil, gas, and Coal Bed Methane at properties in Eastern Kansas and Western Missouri. Recently, the Company acquired 71 CBM producing wells in Southeast Kansas on 10,000 acres flowing about 3,000 Mcf per day. The new property has the potential for another 100 drillable sites, and the Company plans to utilize cash flow generated from this project to fund the aggressive drilling program currently underway. http://www.petroloilandgas.com/
Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) is committed to the exploration and development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high quality, low risk prospects provided via key strategic partnerships. The Company has its first producing gas well being tied-in to pipeline in California, and excellent prospects both there and in Alberta. http://www.silverstarenergy.com/
-------------------- Greedy Because I'm Broke!!
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posted
Taking a pummeling. ...and on good news! And more good news on the way. We have lost a lot of week hands already on this down turn. Panic selling.
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posted
I averaged down about 10 cents so far,bought more @ .90 yesterday.Next few weeks should be very exciting according their last few PR's.Maybe they want to buy more shares so they are bringin this down.GLTA.
-------------------- Greedy Because I'm Broke!!
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Hey guys, i've been watching on the sidelines since the 14th. I'm waiting till the MACD bottoms/turns up, might be next week. Your right Mach, can't make a buy just on a candlestick confirmation. This thing has been under some heavy accumulation the last six months. Just an opinion.
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heading down to RSI 20.. wooowhooo happy days will be here again soon... watch it very closely this week... especially monday morning since its been down 3 days in a row... but if not monday sometime soon..
-------------------- Let the world change you... And you can change the world.
posted
MM's probably shorting it.. sooner or later (more likely sooner) the stock will uptrend and they will have to cover their shorts... then everyone else will jump back on it as well... but rarely do stocks go under RSI 20...
-------------------- Let the world change you... And you can change the world.
posted
Everybody seems worried on this drop in price,i`ve had shares for ten months and still feel comfortable that this is one to reach 45.00to 50.00 within this year at end.Thereare too many positives going for it, gas pipelinew, oil punping to the tune of 1.5 million to 2 million a year positive cash flow with many more drill sites to drill at least 2 million positive cash flow. Focus and add the total pluses!
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quote:Originally posted by j tex: Everybody seems worried on this drop in price,i`ve had shares for ten months and still feel comfortable that this is one to reach 45.00to 50.00 within this year at end.Thereare too many positives going for it, gas pipelinew, oil punping to the tune of 1.5 million to 2 million a year positive cash flow with many more drill sites to drill at least 2 million positive cash flow. Focus and add the total pluses!
Im not worried at all.. I guess you do not know what RSI means.. and anyways im a trader not a investor... if this stock ever reaches $50 per share it wont be for years(more then one year)... us who are traders are keeping a eye on the RSI for the stock to hit a certain point and go on a uptrend.. we could care less if it reaches $40 per share because we are not in trades for the long term... we make short term trades for profits... get out and look for a new stock... by the way for those who know how to read a candlestick chart.. its now a Hammer pattern as of 11:53 EST.. to confirm this is the uptrend we were waiting for .. would need to see the next candle tomorrow to see if its a white one...
-------------------- Let the world change you... And you can change the world.
posted
Look @ a similar Co. (UPL) went from $10 to $55 in just about a years time.Hoping for SVSE to do the same or at least something similar.Here is the News for SVSE Today.
Press Release Source: Silver Star Energy, Inc.
Initial Oil Production at Joarcam "13-27" Oil Well to Exceed 75 Barrels per Day Monday February 28, 9:00 am ET
LOS ANGELES, CA--(MARKET WIRE)--Feb 28, 2005 -- Silver Star Energy, Inc. (OTC BB:SVSE.OB - News) today announces that initial testing at the "13-27" oil well has shown that the production rates should exceed the original estimates of 75 barrels per day. The "13-27" will be on pump to establish the Initial Production Rates (I.P.R.) of the well.
As the "13-27" well location directly offset another well that initially produced oil at rates of approximately 75 barrels per day, Silver Star and the operator made a comparison between the logs of the two wells and had determined that the 5.2 metre (17.1) interval at the "13-27" well appeared to be a cleaner sand and thus may be more productive than the offsetting "16-28" well.
Third-party analysis of the swab report indicates that "the well will begin pumping at a rate exceeding 75 barrels oil per day."
A pump-jack is immediately being delivered and will be set up at the well-head. Silver Star anticipates the onset of commercial production of oil at the "13-27" well to be a matter of days. With near-record prices for crude oil, Silver Star has projected that the well should generate $112,000 per month in revenue, or $1.3 million per year, and will payout its entire cost in 6 months. The long-life reserves in the Viking allow wells to be in commercial production for 20 years.
Currently, the 38-degree API light oil at Joarcam has been priced at over $51.00 per barrel ($64.00 CDN). The prospect lands are located about 25 miles southeast of Edmonton, Alberta, and there is year-round access to the property.
ABOUT SILVER STAR ENERGY, INC.
The Company is committed to the exploration and extensive development of oil and natural gas reserves throughout western North America. Company management is focused on an acquisition program targeting high-quality, low-risk prospects provided via key strategic alliance partnerships.
Safe harbor for Forward-Looking Statements:
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Silver Star Energy, Inc. has little or no control.
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