I learned a quick lesson in one of the most important fundamentals of life: cash-flow.
Why don't they teach this stuff in school instead of how to put a condom on a banana? Great, so our kids can protect fruit from STDs, but can't balance their own economic lives. Yeeesssshhhh...
Sorry about the OT rant.
I could not agree more. I recommend the Rich Dad publishing books to everyone I know. They teach exactly what you preach.
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
glad your with us hawk! normally I'm a trader of pinks, but I became an investor of NDOL with the selloff yesterday:) Investor sounds better than bagger to me!!!!haha
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
Just a note: See how quiet it is when we are up 10% on the day?
Anyway, I thought this was a very powerful response to someone questioning the PE of NDOL:
PE too high on a startup?
Please, show another oil Pink startup with a PE, you have to have earnings to get a PE factor.
Most Pink CEO's/Presidents draw income equal to what NDOL has in earnings......as the company is losing ten times that amount annually.
Most startups on any board don't have reserves, they are looking for reserves or have purchased the rights to some used fields they are looking to pressurize and force out sludge.
Most startups in the Pinks don't put out 10ks or talk of putting out 8k's.
Your firm has a PE and therefore is covering costs, is smart enough to provide service and income before the oil is pumped, has an experienced management group, 200 million barrels of oil, puts out SEC documents revealing their financial and company status. The quality of this stock beats 99% of all pink sheet stocks today. __________
(I left out anything referencing future PPS specualtion)
Posts: 456 | Registered: Mar 2006
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posted
Yeah Rich I was an investor to, I just got sick of paying for other peoples indicission, so now I am going to profit from it, and it has paid a alot since yesterday.
-------------------- skids are for kids Posts: 206 | From: Germany | Registered: Apr 2006
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Nord Oil Receives Green Light to Commence Oil Production Nord Oil International Inc. (Frankfurt: CXIA) (OTC: NDOL) announced today that local and regional governments have approved the company's plans to start its oil production starting June 1, 2006. __________
Why anyone who claims to be long would sell before this daye is beyond me.
Posts: 456 | Registered: Mar 2006
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posted
good for you hawk. I made 40K on the first run to 1.50, so I can wait to take my profits on this next run! I would be doing the same as you but my avg of 93K shares is .68, so I have to wait a while now. Oh well, that's what happens in Pinky land:)
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
Man we're on a regular run here right now. Just keep it on going. I think i'll name this stock my Pearl girl.
Posts: 4245 | From: SMALLVILLE USA | Registered: May 2004
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posted
Well, some regulars of this board are conspicuous by their absence. One of them is cracking jokes about the shots fired on Capital Hill in another thread.
quote:Originally posted by RichBy26: how long have you been in the "entremanure" business west???
About 12 years. Predominantly real estate. You?
BTW: You all have one of the most enjoyable baseball venues in the country. And your harbor district is something to be envied - I believe the same developer did Jacksonville's.
Posts: 456 | Registered: Mar 2006
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quote:Originally posted by RichBy26: how long have you been in the "entremanure" business west???
About 12 years. Predominantly real estate. You?
BTW: You all have one of the most enjoyable baseball venues in the country. And your harbor district is something to be envied - I believe the same developer did Jacksonville's.
Only 3 years, but I'm a youngin...I love baltimore! The stadium and inner harbor are a very enjoyable place indeed, nice places to visit for all you out-of-towners... My new real estate ventures are in NC, I will more than likely move to the Charlotte are in the next couple years. It's beautiful down there:)
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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posted
OK, you guys write too much for me to follow. But like almost everybody, I'm trying to do some DD. So I wrote to Oil India and told them about the PR. Here is the answer I got. Thought I would share, even if it's bad news and I'm called a basher...
Date: Fri, 26 May 2006 17:26:26 +0530 De: "Business Development" <oilbd*oil.delhi.nic.in> Ajouter au carnet d'adresses À: XXX*XXX.XX Objet:
Dear Sir,
This has reference to your email to our company. Oil India Limited has not entered into any Joint Venture / MoU with North West Oil Group of Russia .
This is for your kind information please.
(Md. Isfaque)
Head (Global)
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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posted
You are correct, Darkhawk. Oil India and North West Oil Group have not entered into a JV. Is this supposed to be news? Perhaps we should all read the PR again:
Nord Oil / the North-West Oil Group to Create a Joint-Venture With Oil India Media Release May 25, 2006
Nord Oil / The North-West Oil Group (PINKSHEETS: NDOL) and its president Mr. Ernest Malyshev are pleased to announce today that they are finalizing negotiations with Oil India, a leading oil and gas state enterprise for the creation of a joint venture to develop the Russian Oil market. The Russian Oil Market constitutes approximately 49 billion barrels of proven oil reserves (4.8% of world's reserves) ranking six in the world. At the moment about 2,000 oil and gas deposits have been discovered in the territory of 36 out of 89 Russian subjects. Hydrocarbon material is produced in 30 out of those 36. The maintaining of production rate requires state and private investments both in the upgrading of oil production and improvement of infrastructure and the newly formed joint venture will actively participate in such endeavors. __________
posted
I deal with attorneys daily and have learned wording is crucial. I appreciate Darkhawk's post because it creates constructive conversation. The key phrase of the PR was, "...they are finalizing negotiations with Oil India, a leading oil and gas state enterprise for the creation of a joint venture to develop the Russian Oil market."
Now, if we got a PR from Oil India denying this claim then I would stop and take notice.
Posts: 456 | Registered: Mar 2006
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posted
I'm riding free shares, so I have nothing to worry about. But I've been caught once in a pinky who stated partnerships that weren't true and the bigger companies never denied.
But wouldn't Oil India tell me they're negociating? I see your point Wes, but I'm still not convinced.
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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posted
The reason I ask is because this was just posted over there:
Guys, I sent the Oil India PR to Oil India and asked them to confirm the information in it. I got this response this morning:
Dear Sir,
This has reference to your email to our company. Oil India Limited has not entered into any Joint Venture / MoU with North West Oil Group of Russia .
This is for your kind information please.
(Md. Isfaque)
Head (Global)
This is the email I sent:
Hello,
I am seeking confirmation from Oil India regarding the recent press release from North-West Oil Group, copied below. I am not seeking additional details at this time, but would like confirmation that indeed negotiations for a joint-venture are being finalized. Please forward to the appropriate department that could confirm or deny the information in this release.
Thank you for your help, __________
And to answer your question on point. I don't have any clue what a rep. from Oil India would want to say or is at liberty to say about alleged ongoing negotiations. I have been involved in real estate deals where only one party is allowed to proactively disburse information to the media. The other has a contractual gag-order. The reasons for this are endless. So, if your e-mail is legit and the response is legit then I take very little away from that exchange.
posted
No, that's not me! I have posted on Ihub for another thread, but I have the same alias.
I guess they got some inquiries and they answered them all with the same message.
My email (and the one from Ihub) asked only for conformation of the PR. You think it's possible they can't even confirm?
-------------------- Good judgment comes from experience, and often experience comes from bad judgment. Posts: 242 | From: Canada | Registered: Jul 2005
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posted
Well, Unless this turns into another SPRL.PK.
That's not a good thing by the way for those that aren't familiar with SPRL and Ruski oil.
Ruski's and US Stocks usually don't mix well. How about GTE and all the legal trouble they've got for entertaining the Ruski's. That on tanked from $3+ after that "deal" fell through. They claimed a $600 Million deal which was a sham IMO.
-------------------- Buy Low. Sell High. Posts: 10754 | From: The Land Of The Giants | Registered: Feb 2005
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posted
Well, you bring up valid points peaser...I was not aware of SPRL, but it is a Pink, do I need to say anything further. NDOL is a Pink also, so like I've said before, it's as good as gambling!! GL with all your picks peaser...BTW .54 and running into close:)
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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