posted
Zenith, You're talking about the windfall profit tax in Russia. Yes, you're right but the limit is to increase to $37/barrel in 2006/7. I'm not sure if that is a done deal or being worked out in their political system. I'm also not sure that all of their oil is subject to that or just what they sell in Russia. I do know that Russian oil companies must first provide to Russia then they can export.
Also, Nord has natural gas, not just oil. One way you could think of oil given the windfall profit tax is like an electric company in the US. They too face a maximum price and in order to provide returns to their investors they have to be very efficient. Let's hope Nord is very efficient.
I have high hopes for Nord based on what I've read so far and am long. With each passing day I grow more impatient but not so much that i'm willing to sell any shares.
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posted
They just came out with news appointing a new board member with alot of oil & Gas background. I would say this company is serious about growing into a major player in the industry.
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posted
This new board member and VP of Mergers and Acquisitions has a very impressive resume' (or is the best I've ever seen at padding one)...LOL
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posted
Yeah, but how come it keeps trending down? I'm a bit disappointed with this one, but it has been a blessing. I am quite convinced that it is a mistake to hold on to any penny stock for very long, despite any potential it may have. Of course, that is probably obvious to you old timer traders, but it is also probably a lesson truly learned only by experience.
-------------------- May your trading build your character as well as your portfolio.
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posted
Not true Zenith......they could'nt stay in biz if they had to sell at 25 a barrel........what russia does make oil companies do, if they are not exporting it, is sell oil at a fixed low price inside the country........but NORD will be exporting anf can sell it at any price, then the gov. get's a chunk of those profits....I don't think it's more than 25%...if they had to sell at 25 a barrel, that would be more than 50% off from 60 a barrel....that's way off....no oil biz could do that...
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I called that 514 number and its the number to a guy, i forget his name, who is the vice pres of Nord's legal affairs....I asked him a few questions.....I asked him when they were going to get the pumping of the oil going, so to reach the 18 million projection and he said the pres of Nord is leaving for Moscow and is setting things up with a company that does alot of oil work in Switzerland and Russia...........I also asked him about the rumor of getting a once a week PR and he said, Yes that's true, but he also said it may sometimes be every 10 days or so, so expect PR's once a week or once every other week.... things are about to move swiftly for the company over these next two months, so gobbling up shares anywhere under .24 is a great long play, but man, it's looking sweet for getting shares at .20
-------------------- GSUS - Eternal 100 Bagger! HCPC - my favorite potential into December
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posted
Eric, Russia is a very fluid economy/political system right now. I would not rely on any proposals of any kind.
They could stay in biz at $25/barrel. It costs like $12-$14 to bring a barrel of oil to the market from Alaska (as compared to $1/barrel from Saudi Arabia). That includes exploration, cost of production, greasing the Indians, etc. Costs of greasing the politicians is much higher in Russia I am sure, but labor costs are no doubt much lower.
Also, oil prices are most likely to drop down to about $45/barrel in the future. Nevertheless, I am still in.
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Oil is not going down below $50 a barrel again, unless we have a way unusually warm winter... "peak OIL" is the world is running out of oil....it's only going up from here visit www.lifeaftertheoilcrash.net
There's a ton of mains tream news sources, all saying the same thing......oil is only going up.... there will always be price fluctuations, but never agian will we see cheap energy......this is just the start of it all.
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posted
Considering that oil was around $35 a barrel when the news about becoming Nord came out...and it was a superb opportunity then....
You can peek at your oil all you want, just don't waste your breath on this thread. Speculation like that compared to real facts about Nord...which do you think is more valuable?
-------------------- May your trading build your character as well as your portfolio.
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<Lady Luck>
unregistered
posted
I was checking on Viatcheslav Makarov, President of Nord Oil International Inc. www.nordoil.com
And you can see they did not file corp. income tax for 3 years. And as I know this company was put on collection a few years ago. Also if you ask strategis.ic.gc.ca for name and address of directors of 4009207 Canada Inc. all addresses is not good. Mail returned.
So if the same V. Makarov is president of Nord Oil - I will be very careful with this company.
I send e-mail to V. Makarov asking if he has anything to do with 4009207 Canada Inc. - did not receive any answer.
By the way, try to find Nord Oil company on strategis web page, if any luck, post it here.
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posted
Lady Luck, I think that name is fairly common (believe it or not) because I came across it at 4 other companies doing google searches, however it'll be interesting to hear if they answer you. One can never be too careful with 'pinks'.... Also, based on the caliber of the people sitting on the Board of Directors (or at least what is 'presented')I doubt if they would have allowed anyone to be President of the company that wasn't highly qualified and with a solid reputation. Just my opinion.
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posted
Keep your fingers crossed. Don't expect too much from this stock just yet. Once it gets off of the Pink Sheets and actually joins the AMEX or another real market then watch out. Once they can sell bulk amounts of shares to mutal funds or to investement firms this stock will go crazy. Individual buyers buy in pennies compared to investement firms. hell. Can we be lucky enough to have Mobile or Chevron buy this company out and give us some of those shares. This stock is Hot and a good Report and getting off of the Pink Sheets will turn this into a dollar stock in no time. Buy it while you can.
-------------------- Black Gold Baby. Black Gold!
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posted
Here is an answer to an email I sent requesting an update from nord.
Thank you for your inquiry. Currently, Nord Oil is trading on the pinksheets as a reporting company. As such, it can be upgraded to the OTCBB in the near future and considering its assets and the number of shareholders, the company could be listed on a European exchange such as the LSE and or the Frankfurt exchange. These exchanges are closer to the operation of the company could increase visibility and liquidity as well as work to increase the share price. As far as any other info on the company, you will have to read the press releases and disclosure documents as they come out.
Thank you again for writing us and please don't hesitate to contact us again,
posted
I think we will see a nice PR next week...I hear the pres. of nord went to russia and is back....I beleive he will give a PR on what's up with hiring an oil crew to start pumping the oil and aquisitions of other oil asset properties.......I alos think we've reached the bottom of this at .18 non MM sales, so i believe we can only go up from here as market sentiment is also taking an upturn on oil futures.
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quote:Originally posted by DIGDOUGH: the company could be listed on a European exchange such as the LSE and or the Frankfurt exchange. These exchanges are closer to the operation of the company
Bah. They are incorporated in DE arnt they? They should list on the American Stock Exchange then. Do stockholders have voting rights in this company? We should all combine our shares and vote for them to list on an American Exchange.
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posted
Zenith, it wouldn't do any good as 83% of the shares after the reverse split went to Nord people. If they want it listed somewhere other than the US then we have no say, or at least our say doesn't matter. I doubt we'd be listed elsewhere unless it's in addition to here.
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posted
Lady Luck, I'm not sure who you are but your posts do not help. We need positive info and not people like you that try to bring the stock down. Nord Oil is going to develop into a top tier oil company in the next year. I am not sure if you know that Markov is a very common russian name. Its like using the name smith in north america. Let is go and give your made up news to other bulletin boards.
-------------------- Black Gold Baby. Black Gold!
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posted
Give Nord some time. They will be off of the pinks very soon, oil will be pumping before christmas and this stock will rocket up. I'm not the type of person to say I told you so but I will this April when the stock passes $10.
-------------------- Black Gold Baby. Black Gold!
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$10 in a year is kind of unrealistic IMO hah. Anyways, to get off the pinks dont you have to be at a dollar/share? (yes Im a noob to penny stocks)
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posted
its 3.15 or 3.25 to move to the nasdaq i forget which and it doesnt have to be months GTEL reverse split the day it moved to the nasdaq so thier price was high enough and it didnt go bad becuase of the positive reason for the reverse
-------------------- "The Americans will always do the right thing... After they've exhausted all the alternatives." - Winston Churchill
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the company that appears on the website www.nordoil.ru is a total different company than 'our' nordoil at www.nordoil.com: different people, different working area/regions, different structure (Rosneft seems to be owner). So my question is why two different companies with the same name? Although Russia is very large it's, at least, a strange situation. Could anyone explain to me why this is possible so I don't have to use the word 'suspicious' on this. Thanks.
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posted
Nord Oil Provides Corporate Update 09:56 a.m. 11/22/2005 Provided By Market Wire MONTREAL, Nov 22, 2005 (MARKET WIRE via COMTEX) -- Nord Oil International Inc. (NDOL) provided a corporate update to its shareholders and partners today. According to the company's filings and legal status, the transaction involving Bio-Tracking Security and Nord Oil (Russia) has been officially completed further to the reverse split of the company's stock on a 1 for 12 and the name and ticker change to Nord Oil International Inc. (NDOL). The company is deemed to have a total shares issued and outstanding of 214,913,920, post reverse split and acquisition of Nord Oil. The company is currently in discussions with several financial and strategic investors and operating partners for a stake in its lucrative oil reserves under license by Nord Oil. The company had previously released its production schedule and expects to begin production no later than the 3rd quarter of 2006. The first year's output is estimated at a minimum of 2.3 million barrels.
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posted
Well I might be a little too anxious, $10 does seem high. I do know that you get knocked off of the NASDAQ once you dip below $1.00, not sure what price would get you on it. To be removed from the pinks though requires 2 quarters in a row of Sarbanes-Oxley compliant reporting. That was the reason why Bio-Tracking got pinked in the first place. They had to switch out their accounting firm and missed the reporting deadline. This is still a baby company. It will take a year to move up. Once they start pumping oil the price will move up quickly and at the point it will be too late for most people to get in at this great price. I’m a little disappointed at how the stock is below the split price right now, but it usually rebounds quite nicely with good news. I just wish that Nord released more information than these once every two week one sentence reports. It would help ease some of the investor concerns to get more news on a frequent basis. Even the email replies you get from Nord seem a little cryptic at best. It is hard to figure out what they are trying to say.
-------------------- Black Gold Baby. Black Gold!
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quote:Originally posted by jappie: something strange...
the company that appears on the website www.nordoil.ru is a total different company than 'our' nordoil at www.nordoil.com: different people, different working area/regions, different structure (Rosneft seems to be owner). So my question is why two different companies with the same name? Although Russia is very large it's, at least, a strange situation. Could anyone explain to me why this is possible so I don't have to use the word 'suspicious' on this. Thanks.
Could it be an old site? The company was run by different people before it was acquired by the BTSI people....
Websites are not always well-maintained by people (out of sight, out of mind), and that probably goes double for companies which have changed ownership.
----------------------
On another issue: this stock is really hitting the bottom. If this continues we'll have to move back to the sub-penny forum, and they won't be able to move to another exchange without another r/s.
I've been out of it for a while now, but hope to get back in before things move, if it happens--always healthy to remain skeptical concerning such things. This stock (so far) has just been way too slow for investors to stay interested.
Side note that if a NASD stock drops below the minimum price, they have a grace period for getting it back up, by any one of several means. They can in some cases even get an extension to that grace period.
-------------------- May your trading build your character as well as your portfolio.
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posted
loooks like NORD took a hit with the news today..... this is not a good stock but for a 6 month investment pay off..........Someone fro another board posted that they talked to someone at the company and they said that a PR will be out next week on a deal with foregin investors which may double the price of this stock. They said they are looking at a share price of $1 in the near term..........so let's see what next week's PR will bring.......can;t sell anyway, right? I've taken a hit too, but when I bought into this, I bought as an investment, not as a swing trade......
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posted
This PR better be good. This no news stance of silence is bothersome. You have to remember that this is the type of stock that you buy and forget about. If you keep on checking everyday you will drive yourself crazy. Too bad though about the stock doubling in price. All that means right now is that it will be back to the split price. It would have been nice to see it double at .30 instead at .12.
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posted
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
FORM 8-K
CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report: November 22, 2005 -------------------------------- (Date of earliest event reported)
Nord Oil International Inc. ------------------------------------ (Exact name of registrant as specified in its charter)
FLORIDA 000-29915 65-0786722 ------- --------- ---------- State of Commission IRS Employer incorporation File Number Identification Number
1 Place Ville Marie, Suite 2821, Montreal, Quebec, Canada H3B 4R4 ------------------------------------------------------- (Address of principal executive offices)
(Former name or former address, if changed since last report)
<PAGE>
Item 8.01. Other Events.
On November 22, 2005, Nord Oil International Inc. (f/k/a/ BIO-TRACKING SECURITY SYSTEMS INC.) (the "Company") announced that the transaction involving Bio-Tracking Security and Nord Oil (Russia) has been officially completed further to the reverse split of the Company's stock on a 1 for 12 and the name and ticker change to Nord Oil International Inc. (NDOL). The Company is deemed to have a total shares issued and outstanding of 214,913,920, post reverse split and acquisition of Nord Oil.
A copy of the press release is filed as Exhibit 99.1 and incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits Furnished.
99.1 Press Release, dated November 22, 2005.
SIGNATURES ----------
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Nord Oil International Inc.
DATE: November 22, 2005 /s/ Jean-Francois Amyot ------------------------ Jean-Francois Amyot Chairman of the Board of Directors
</TEXT> </DOCUMENT>
EXHIBIT 99.1 NORD OIL PROVIDES CORPORATE UPDATE
Montreal, November 22, 2005 - Nord Oil International Inc. (Pinksheets: NDOL) provided a corporate update to its shareholders and partners today.
According to the company's filings and legal status, the transaction involving Bio-Tracking Security and Nord Oil (Russia) has been officially completed further to the reverse split of the company's stock on a 1 for 12 and the name and ticker change to Nord Oil International Inc. (NDOL). The company is deemed to have a total shares issued and outstanding of 214,913,920, post reverse split and acquisition of Nord Oil.
The company is currently in discussions with several financial and strategic investors and operating partners for a stake in its lucrative oil reserves under license by Nord Oil. The company had previously released its production schedule and expects to begin production no later than the 3rd quarter of 2006. The first year's output is estimated at a minimum of 2.3 million barrels.
About Nord Oil International Inc.
Nord Oil International Inc. is a reporting publicly traded Oil & Gas junior producer, trading under the ticker symbol NDOL on the US Pinksheets market. Nord Oil International operates three wholly owned Russian subsidiaries; Nord Oil Products, Nord Oil Samara and NANA. Nord Oil's properties currently have a total of 33 million barrels of proven and probable reserves and the company plans to acquire additional properties and has an objective of 150 million barrels in proven and probable reserves.
Contact: Viatcheslav Makarov President Nord Oil International Inc. Vmakarov*nordoil.com 514-591-3666 www.nordoil.com
Important Information About Forward-Looking Statements
All statements in this news release that are other than statements of historical facts are forward-looking statements, which contain our current expectations about our future results. Forward-looking statements involve numerous risks and uncertainties. We have attempted to identify any forward-looking statements by using words such as "anticipates", "believes", "could", "expects", "intends", "may", "should" and other similar expressions. Although we believe that the expectations reflected in all of our forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct.
A number of factors may affect our future results and may cause those results to differ materially from those indicated in any forward-looking statements made by us or on our behalf. Such factors include our limited operating history; our need for significant capital to finance internal growth as well as strategic acquisitions; our ability to attract and retain key employees and strategic partners; our ability to achieve and maintain profitability; fluctuations in the trading price and volume of our stock; competition from other providers of similar products and services; and other unanticipated future events and conditions.
posted
I'm glad that all of these short termers are selling. This stock is not an overnight stock and I would like to see investors buying it instead of day traders. One Nord gets the investors set up this stock will rise fast
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