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Author Topic: NEW IPO = Gas stock SCU
dishgal1
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Check it out...

In the news release, American Stock Exchange Lists Common Stock of Storm Cat Energy Corporation, issued earlier today by American Stock Exchange over PR Newswire, we are advised by the company that the fifth paragraph, first sentence, should read "The company has selected Kellogg Specialists as a specialist." rather than "The company has not yet selected a specialist." as originally issued inadvertently.
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American Stock Exchange Lists Common Stock of Storm Cat Energy Corporation

NEW YORK, Oct. 3 /PRNewswire/ -- The American Stock Exchange® (Amex®) today listed the common stock of Storm Cat Energy Corporation under the ticker symbol SCU. The company's shares are also traded on the Toronto Venture Exchange, using the symbol SME.

Storm Cat Energy is an independent oil and gas company focused on the pursuit, exploration and development of large unconventional gas reserves from fractured shales, coal beds and tight sand formations. The company has producing properties in Wyoming's Powder River Basin, exploitation/development acreage in Canada, and high-risk, high-reward exploration acreage in Mongolia.

"We are very pleased to welcome Storm Cat Energy Corporation to the American Stock Exchange, and to our growing list of companies in this important sector," said John McGonegal, Senior Vice President of the Amex Equities Group. "We look forward to helping them achieve greater visibility with our products and services."

J. Scott Zimmerman, Storm Cat's president and chief executive officer, said, "Our listing on a senior U.S. exchange is the culmination of hard work by the entire Storm Cat organization. The new listing should improve liquidity for our shares in the important U.S. market by providing additional access to institutional investors."

The company has not yet selected a specialist. For further information on SCU and other Amex-listed companies, please visit www.amex.com.

The American Stock Exchange® (Amex®) is the only primary exchange that offers trading across a full range of equities, options and exchange traded funds (ETFs), including structured products and HOLDRS(SM). In addition to its role as a national equities market, the Amex is the pioneer of the ETF, responsible for bringing the first domestic product to market in 1993. Leading the industry in ETF listings, the Amex lists 169 ETFs to date. The Amex is also one of the largest options exchanges in the U.S., trading options on broad-based and sector indexes as well as domestic and foreign stocks. For more information, please visit www.amex.com.

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young man
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This could be a really good Oil and Gas play for the next week or two (or even a longer term play). I'm in. People should at least put this on their watch lists. If it breaks $3.6, it will fly IMO.
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dishgal1
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I picked up some at 3.28.........happy so far....hoping it will get noticed soon. This is the first day of trading on Amex.
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young man
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I got in at $3.4, so I guess I'm sorta happy. But if more people find out about it (and it breaks 3.6) I think this stock could really take off.
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dishgal1
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Gapping up nicely this AM......Oh goodie...
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dishgal1
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Well, now we are going backwards...LOL
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young man
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I think it will end up closing way in the green today. Are we the only ones on this board in this stock? What price are you looking to get out at (if you don't mind me asking)?
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dishgal1
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I am not real sure....it is definitely not a long term for me.....I want to give it a chance to get noticed and I think it could go up a buck or two....just don't know yet....How about you? Any ideas on exit?
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young man
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I'm definitely in the same boat as you. Not a long term one at all, but if it gets some attention like you said, it could go up another buck, maybe two. For a while this morning it was getting some really nice buys to get it into the 3.7s, but has cooled off in the last few minutes. The volume today has been huge compared to yesterday's. It's already about half of yesterday's total volume and it's only been a half hour (plus pre-market trading--if any)
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dishgal1
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I like being able to get in on the first day of trading......IMO it is up from there....(hopefully) I have seen this happen so many times and I didn't know about them in the beginning. Probably by next week it should get rolling pretty good. I am not fond of buying Canadian companies but with the excitement about nat gas, it seems a no brainer on this one. LOL
Let's hope so anyway.

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young man
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Yeah, natural gas plays, it seems, are the way to go in the market lately. These guys are actually producing already. A lot of these other smaller companies are just hoping that they will eventually produce. I don't think there are very many OS either. Something like 40 million or so. I hope we're both right. We'll see in about a week, though (hopefully sooner).
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young man
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Just found this, pretty interesting opinion.
http://www.wealthdaily.net/mcprint.php?id=142
My Meeting with the Big Cat
2005-09-16
By Mike Schaefer


I spent all day Wednesday with Scott Zimmerman, President of StormCat Energy and Keith Knapstad, Vice
President of USA Operations for StormCat Energy.

Keith is a petroleum engineer with over 21 years experience in unconventional gas. Keith has worked for
Marathon, Pennaco, and JM Huber.

And as long as we are on the subject of people let's take a quick look at the rest of the StormCat crew. Most
people do not realize what an unbelievable team Scott Zimmerman has put together for StormCat Energy.

Besides Scott and Keith there is Paul Wiesner, the chief financial officer (CFO) with an MBA from MIT and 12
years experience with energy companies.

Matt Humphreys is a geologist specializing in business development for StormCat with 30 years experience in
the industry.

Harry TerBest is a full-time geologic consultant for the company with 30 years experience in un-conventional
gas.

Jerry Trout is a drilling and completions engineer with over 30 years experience in un-conventional gas.

Barbara Zimmerman is a USA 'land man' with 20 years experience in CBM land acquisitions.

Ronald Sutsch is a Canadian 'land-man' with over 5 years experience in CBM land acquisitions.

Kurt Bair is a petroleum engineer with over 15 years experience in un-conventional gas production.

Don Martin is a Canadian geologist with over 2 years experience in coalbed methane.

StormCat's management team is second to none. StormCat's expertise in un-conventional

Gas is second to none and I mean big company, small company, any company in the world.

StormCat has projects in Wyoming, Alaska, Canada, and Mongolia and has already reached positive cash flow
through Wyoming Powder River Basin gas production.

This company, as I've been telling you all along, is destined to become a giant in the industry. StormCat has
the people and the projects.

The project I want to single out today is the company's Elk Valley CBM joint-venture with Encana. Encana has
already spent $44 million putting this project together. StormCat will spend $12 million by June of 2008
toward the development of this project.

All of the money goes into the ground to make this project work. None of it goes into Encana's pocket. The
project has an estimated 7 to 9 tcf of gas in place. Encana has already drilled a well that produces 300 mcf
of gas per day.

The coals in the Elk Valley are thicker and more gaseous than the coals in the Powder River Basin of Wyoming.
In the Elk Valley there is over 300 ft. of coal in 14 seams. There is a pipeline within 6 miles of the pilot
project and all access roads are in place.

And even better yet, the environmental impact statement and all permitting have been completed.

They hope to be drilling by mid-October.

Here is the way I see this situation from an investor's perspective: We have one of the best technical
completion and production teams on the planet diving into a world-class CBM field with the biggest gas
company in Canada as their partner and drilling will start in about a month.

I don't know if I've ever seen a more highly leveraged recipe for success in the oil & gas business.

If this works out, and I personally believe this project carries a very high probability of success, StormCat
will be immediately on its way toward $20 per share.

Interactive Brokers Group

The number 1 question I get from subscribers is, "how or where can I trade Canadian stocks online".

There has never been a good answer to this question or a good solution to the problem.

I'm hopeful that at last we may now have the answer. As a caveat up front I do not have first hand experience
with the company so I encourage feedback from subscribers on how Interactive Brokers works for you.

From my perspective the two most important features of Interactive Brokers Group (IBG) for us are the fact
that we can keep funds in Canadian Dollars and we trade directly to the Canadian Exchange using Canadian
stock symbols.

IBG allows its clients to hold funds in any of 8 different currencies while giving access to 55 exchanges in
14 countries. All trades are direct to the exchange they are placed on.

Let me digress for just a moment. By simply holding Canadian Dollars instead of US Dollars over the past 3
years I have made 30% on my money. I expect this trend to continue over the long-term. The Canadian Dollar is
a resource based currency and if you believe as I do that we are in a long-term commodity cycle then the
Canadian Dollar will increase in value.

I also believe that due to the huge reserves now attributed to the Alberta Oil Sands the Canadian Dollar is
taking on the spectra of a 'Petro Dollar' which will keep it strong.

You want to be able to send your US Dollars to your broker and have them converted into Canadian Dollars.
When you sell a Canadian Stock you keep the money in Canadian Dollars. This is the ideal scenario and a
simple strategy for Dollar diversification.

The Interactive Broker Group has been around for 28 years. Their consolidated equity capital exceeds US$1.9
Billion. IBG is ranked the #1 software based broker and the #1 for lowest cost by Barron's.

IBG's commissions are cheap and breakdown as follows: US Exchanges up to 500 shares 1 cent per share, over
500 shares ½ cent per share. Canadian Exchanges are up to 500 shares 2 cents per share and over 500 shares
are 1 cent per share.

Beware; this is a strictly online trading platform. You place the orders yourself and if you make a mistake
you'll end up paying a $28.00 trade cancellation fee.

The only complaints I could find were related to lousy customer service. Once you are up and running and you
are very precise with your orders you shouldn't have any problems.

Website: www.interactivebrokers.com
US residents call 877-442-2757

Good luck and let us know how it works out.

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young man
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Here's another Oil and Gas company that debuted on the AMEX on Sept. 20 FPP. It closed that day at 4.39. Today it is at 9.7.
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dishgal1
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Whew, starting to rise again.....was beginning to wonder about this one...LOL Still holding hoping for a buck or two.
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Raptorsrule
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Why are you two just talking to yourselves???LOL

I'm in dish at 3.35

--------------------
Raptor----Don't confuse bad luck with bad judgement

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dishgal1
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Well we have to talk to ourselves, no one else is here. LOL Isn't that right young man?
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dishgal1
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This info from another board....


I have done some rsch this morning for those that won't to read.

SCU is candain co. but does 85% of work in us. Float is 52 million, with 55% internal ownership. Still looking for reserves, but below is nice article.

I bought in pretty low in the last hr, for spec purposes, but if ng stays high this co. should benefit.

Storm Cat Energy provides operations update
by: OilOnline
Tuesday, August 09, 2005

Storm Cat Energy Corp. has provided an update on the Company's operations.

Storm Cat is producing approximately 3,500 thousand cubic feet (Mcf) of natural gas per day from its properties located in Campbell County, Wyoming.

Storm Cat commenced its 2005 drilling program in the Northeast Spotted Horse area on July 19, 2005 with initial wells connected to a natural gas sales line on August 3, 2005. Seven wells have been drilled to date and are either completed or in various stages of completion, using multi-seam completion techniques. The use of Storm Cat's multi-seam completion technology provides for the capture of incremental reserves in a single wellbore, significantly reducing finding and development (F&D) costs.

Storm Cat has 120+/- drillable locations in the Northeast Spotted Horse area. Sixteen drilling permits have been secured, with an additional 105 expected to be in hand through year-end 2005. Storm Cat's projected well economics for its Northeast Spotted Horse program are approximately $1.00 per MCF in F&D costs with an overall project rate of return in excess of 50%.

The Company was the high bidder on eight blocks in the recent Alaska State Lease Sale. The blocks are adjacent to the Company's existing acreage position and to the Pioneer Unit located onshore Cook Inlet. As a result of this leasehold acquisition, Storm Cat now owns 100% interest in over 35,000 acres. The Company is finalizing its technical work from which it will drill a test well on its acreage during the fourth quarter 2005.

The Company completed it work commitment on its Moose Mountain exploration permit, resulting in Storm Cat earning its 30% working interest in the 238,830 acre block. Details of the joint venture were announced on February 22, 2005.

Storm Cat believes the Moose Mountain acreage offers as many as five distinct reservoirs: three Cretaceous-aged gas formations and two conventional Paleozoic carbonate plays. The first well drilled by Storm Cat, the Clemenceau well No 14-6-42-4, was specifically drilled to test these geological concepts. As a result of drilling the stratigraphic test well, the Company gathered important down hole data from mud logs and Reservoir Saturation Tool (RST) analysis. Storm Cat's technical team concluded, from its analysis, the well had natural gas shows from the Second White Specs Formation (73 meters to 77 meters gross), the Mannville Formation (229 meters to 279 meters gross), and the Souris River Formation (324 meters to 329 meters gross). Oil shows were encountered in the Dawson Bay and Winnepegosis formations.


Storm Cat's previously announced Farm-in and Joint Venture Agreement (JVA) with EnCana Corporation, on 77,775 gross acres (31,110 gross hectares) in the Elk Valley area of southeast British Columbia, Canada is now finalized. Storm Cat is currently re-activating a few of the 17 pilot/test wells drilled previously by EnCana for the purpose of establishing a second core production unit for Storm Cat. According to evidence provided to the Company by EnCana, during the testing of the West Pilot, EnCana successfully delivered a constant 400 Mcf per day over 23 months from 4 wells. The West Pilot program targeted the Mist Mountain Formation at a depth less than 1,000 meters. The coal is high to low volatile bituminous, with measured gas contents of 200 - 600 standard cubic feet (scf) per ton. A new well will be drilled by Storm Cat in the West Pilot area in the fourth quarter 2005.

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young man
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Looks like if we don't say anything, this thread goes to the bottom. Why doesn't anyone besides Raptorsrule see any potential with this company at the very least for a swing trade?
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dishgal1
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I am out....don't like the way level 2 is playing and the premarket trades. Sold this morning.
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young man
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L2 looks like crap. Did you sell for a loss? I'm still in.
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young man
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sometimes that's when things start to turn around though
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dishgal1
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I took a 3 cent loss was all......now that I am out I am sure it will probably run. LOL
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young man
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It's up over 11% today. Has anyone even noticed? I averaged down when it was going down. It has been accumulated nicely today. Some big asks have gotten eaten up today. I'm finally looking at unrealized gains for the first time since the first day I was in this.
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