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Author Topic: AMEP--more news! increase prod.500%
JL
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Consolidating. Priming for next move.
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JL
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Did its consolidation like expected.....now its time to break out new highs.
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well JL whats your forecast
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JL
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well .063 was hit ... which is new high from last consolidation point of .057...im thinking it might have 1 more leg left today...so once again its consolidating higher lows and possible new highs before eod. IMHO offcourse. Has a nice breakout chart...
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podcaster
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AMEP ---
JUST A HEADS-UP TO ALL...
this one may or may not be a good play.... i'll probably be dropping by during October to see how it's doing... and i'll be commenting on how mm's are reacting to boycott... i'm rooting for you if you're successfully playing it, since that hurts the mm's [Eek!] ... i'm also rooting for you if you're in on the october A-G boycott october boycott thread on this board
good luck to you! [Razz]

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JL
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ok thx....i support that boycott.
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podcaster
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ur welcome--- hope the newbies are following this boycott stuff
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Opforce3000
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POD why are you here? If you are not interested in talking about AMEP...Then shut up
We don't care what you think ... No one does...
You are not saving us...get Lost loser

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QuestSolver
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?? what the hell? POD I take it your not invested here? Big mistake for you,come back by February and see us and where we are.

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.

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.

--------------------
Quest

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QuestSolver
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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.

http://www.businessweek.com/bwdaily/dnflash/sep2005/nf20050927_9413_db03 5.htm

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Quest

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QuestSolver
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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.

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


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.

--------------------
Quest

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imakmony2005
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man the more i look the more i like.
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strike1
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Anybody live near where the rig is and can go visit it and report on it and the amep mgmt?
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QuestSolver
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inventory data for natural gas to be out at 10am on CNBC...expected on the low side

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Quest

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Natural gas well up this AM...$14.42 so far... soon it will be near the $20 per CNBC

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Quest

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winter fuel crunches expected and Natural gas climbing strong ahead of energy dept inventory data.

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Quest

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imakmony2005
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swing and out with $750.00 profit nice.
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by bond006

Mella McEwen
Oil Editor
Midland Reporter Telegram
09/25/2005

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?"

©MyWestTexas.com 2005

http://www.mywesttexas.com/site/news.cfm?newsid=15274619&BRD=2288&PAG=461&dept_id=474107....

--------------------
Quest

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"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

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Quest

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Ivan Baca
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amep is moving upward.
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imakmony2005
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WINNER WINNER WINNER. SOOOO HAPPY....... THANKS QUESTSOLVER.
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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

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Quest

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GET READY!!!!!!!!!!!!!!!!!!!
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Natural gas price (as of 7:30 Eastern tonight) was 13.994, up two cents from Friday's close.

http://www.futuresource.com/charts/charts.jsp?s=NG1!&a=V:5



never know,lots of money is going to be thrown around,wonder what big companies would pay for some percentage of our land rights...hmmmmm

By: TomBurke
02 Oct 2005, 08:35 PM EDT
Msg. 34238 of 34239
Jump to msg. #
Nice to know some big money also thinks NG prices will remain high for some time to come:

====================================

NRG to buy Texas Genco for $5.8 bln By Michael Flaherty
1 hour, 43 minutes ago

NEW YORK (Reuters) - NRG Energy Inc. (NYSE:NRG - news) on Sunday said it will buy Texas Genco Holdings Inc. for $5.8 billion in cash and stock, in a deal that would nearly double the merchant power producer's asset base and give it entry to the growing Texas wholesale electricity market.

The deal may also spark a new round of consolidation among merchant energy producers, which are still recovering from a credit crunch in late 2001 that drove several large independent power producers, including NRG, into bankruptcy.

Private equity firms Texas Pacific Group, Kohlberg Kravis Roberts & Co., Blackstone Group and Hellman & Friedman bought Texas Genco last summer for $3.7 billion, using $900 million of their own cash and the rest in debt to snap up the group of Texas-area power plants.

NRG and Texas Genco said in a statement that NRG will pay $4 billion in cash, $1.8 billion in stock, and assume more than $2.5 billion of Texas Genco debt.

The deal marks a nice payout for the private equity firms, who stand to make more than five times their investment. On the other side, NRG is spending a good chunk of money for a company that was owned by the buyout shops for barely a year.

"I think we paid a fair price at the right time," said David Crane, NRG's president and chief executive. "Companies like this don't become available in our sector very often."

Nearly half of Texas Genco's power generation is natural gas fired, with the rest coal and nuclear fueled. The deal therefore is essentially a bet on long term natural gas prices, said Lasan Johong, analyst at RBC Capital Markets Corp.

--------------------
Quest

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imakmony2005
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NICE..........
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Any way to get real time futures data? I've got Ameritrade, but I don't know that they provide that information...

-Slip

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QuestSolver
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Natural gas price (as of 10:30 Eastern tonight) was 13.994, up two cents from Friday's close.

http://www.futuresource.com/charts/charts.jsp?s=NG1!&a=V:5


never know,lots of money is going to be thrown around,wonder what big companies would pay for some percentage of our land rights...hmmmmm

By: TomBurke
02 Oct 2005, 08:35 PM EDT
Msg. 34238 of 34239
Jump to msg. #
Nice to know some big money also thinks NG prices will remain high for some time to come:

====================================

NRG to buy Texas Genco for $5.8 bln By Michael Flaherty
1 hour, 43 minutes ago

NEW YORK (Reuters) - NRG Energy Inc. (NYSE:NRG - news) on Sunday said it will buy Texas Genco Holdings Inc. for $5.8 billion in cash and stock, in a deal that would nearly double the merchant power producer's asset base and give it entry to the growing Texas wholesale electricity market.

The deal may also spark a new round of consolidation among merchant energy producers, which are still recovering from a credit crunch in late 2001 that drove several large independent power producers, including NRG, into bankruptcy.

Private equity firms Texas Pacific Group, Kohlberg Kravis Roberts & Co., Blackstone Group and Hellman & Friedman bought Texas Genco last summer for $3.7 billion, using $900 million of their own cash and the rest in debt to snap up the group of Texas-area power plants.

NRG and Texas Genco said in a statement that NRG will pay $4 billion in cash, $1.8 billion in stock, and assume more than $2.5 billion of Texas Genco debt.

The deal marks a nice payout for the private equity firms, who stand to make more than five times their investment. On the other side, NRG is spending a good chunk of money for a company that was owned by the buyout shops for barely a year.

"I think we paid a fair price at the right time," said David Crane, NRG's president and chief executive. "Companies like this don't become available in our sector very often."

Nearly half of Texas Genco's power generation is natural gas fired, with the rest coal and nuclear fueled. The deal therefore is essentially a bet on long term natural gas prices, said Lasan Johong, analyst at RBC Capital Markets Corp.

--------------------
Quest

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QuestSolver
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we were mentioned in another companies PR last week on the 30th.

"The recent rise in oil prices will certainly have a positive effect on this industry as the gambling public will be more likely to go online to gamble as opposed to traveling by airplane, car or train to its traditional brick and mortar casino as a result of the higher costs associated with traveling due to the skyrocketing price of oil. Oil companies such as American Energy (OTCBB: AMEP) are already seeing the effects of higher oil prices and we believe that Pegasus and the gaming industry in general will also benefit greatly."


http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20050930\ACQBIZ200509301555BIZWIRE_USPR_____BW5061.htm&symbol=AMEP&selected=AMEP&selecteddisplaysymbol=AMEP&coname=AMERICAN%2 0ENERGY%20PRODUCTION%20I&logopath=&market=OTCBB&pageName=Company%20News

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Quest

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http://www.stockta.com/cgi-bin/analysis.pl?symb=AMEP&num1=5&cobrand=&mode=stock


chect out that T/A now,looks like "very bullish" is the dominate key across the board!

Ind. short Inter Long
EMA VBu VBu VBu
MACD VBu VBu VBu
RSI VBu
TDD Bu
Fibs Be Be Bu
Highs N VBu N
Lows N Bu Bu
Trends Bu N N
Stoch. VBu

VBu=Very Bullish, Bu=Bullish
N=Neutral
Be=Bearish, VBe=Very Bearish

--------------------
Quest

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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.


http://www.otcbb.com/asp/Info_Center.asp

GAPPING UP NOW on increased PM volume very early... over 50k so far

looks like it leaves the gate at .10 or so imo!

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Quest

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bid at .099 and ask at .0999

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Quest

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broke .10 on 70k so far

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Quest

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over 130k buys at .10 so far on almost 200k volume

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Quest

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guys this is running out of the gate,I doubt anyone will get any buys in the .09's even if it dips,you most likely will only get 5k of obligated shares if your lucky.MM's don't want to give up the shares...period.

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Quest

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WOW......thats all I can say...I still stand by my predictions by February and next summer!

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Quest

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