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i bought this one last week and dropped as soon as i got it i was gonna sell at a loss but sheesh look what happened today.. it flew big time glad i kept it reading other boards and looks like it will be comming up higher i think this is just the start.
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yeah dog hope you are makeing good bank on this one i am on free shares now and it still looks great.. there is no resistance till .01 had a good 32.73% gain today it has been up everyday for like the last 4 days i am glad i kept this one.. the chart looks great and look at the buys vs the sells there are a lot more buys than sell add up the numbers,, they are still gathering for another huge run,, watch the gap it will have tomorrow.. its not to late to get in still have a lot ahead and rumor with news comming out the next day or 2
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many investors waited4 a dip2 buy & took advantage in the last hour. Unfortunately, some people are daytrading this stock, although many get burned and end-up paying more to buy back in... Its best to buy in and stay in....because this stock will be .05 very soon....probably within 60 days
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OOPS, there were two posts on OMOG. I posted on the wrong one...
Anyone else still in? I missed this PR the other day: OMDA Oil and Gas Soars on News of New Oil Field Operator by Tom Bustamante Staff Reporter
NEW YORK--April 29, 2004--(WSNC) - OMDA Oil and Gas, Inc. (OTC.PK:OMOG) stock has been climbing on news that it has contracted Thrash Oil Field Specialty Company to act as the Company's interim operator.
OMDA Oil and Gas was trading up 36% to $.0052 per share, on volume of 54 million as of 12:15pm EST. (join our FREE WSNC Oil and Gas Newsletter)
Adam Barnett, the Chairman of OMDA Oil and Gas commented, "Company management intends to work closely with Thrash to achieve the most cost efficient production that will translate to maximum long-term income. The Company's strategic plan calls for increased focus on its natural gas production, which costs less to produce, requires less in-field maintenance, and produces more income per dollar invested."
"Thrash will continue to work on the Company's leases and does not expect to have any significant downtime as a result of the termination the Operating Agreement with SHWJ Oil & Gas, Inc."
The company also stated, "As the Company has progressed through its strategic restructuring plan, the Company has remained focused on its commitment to increase stockholder value. During the past nine months, the Company has not issued any additional shares of capital stock, including as a result of the conversion of any convertible debt or equity securities. On the contrary, during that same period of time, the Company has reduced the number of issued and outstanding shares of its common stock by approximately 20% to 799,952,715 shares."
I got in at .0029, still holding. Anyone have input? ~BB
I now see there was input, just in a different post...
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i am in at .0030 and still holding half.. i regreat selling half but i needed some funds else where .. i am planning on getting more tomorrow ... this stock still has a lot of play Nice looking chart, company seems relatively honest for a pinkie, actually had a share buyback recently, company with revenues. What's not to like? The last hour was a good one because the day high was broken. Then there was nothing stopping OMOG tomorrow morning will be very strong I think, likely see some big numbers before the open in the pre trading hour. most likely a gap up to .008
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got this email some of you might be interested in OMOG is a small turnaround oil company. They are pleased with the fourth quarter revenue figures and expect increasing revenues; they bought back 20 percent of the O/S's of stock; and changed operators. In the past the share price used to be higher, i.e., over a cent with the larger amount of shares and lesser production levels.
OMOG surged today but before it had been moving up steadily for days. I think that this stock has a pretty solid base. I believe this is going over a penny surely and may not stop there. It hovered around .006 for most of the day, then investors/traders must have determined that it was not going to pullback or collapse so the buys started to pour in (a lot of bashers and QBID longs invaded the Raging Bull board so no one knew in which direction the stock was going to, i.e., up or down in a panic sell). Currently, it seems to move pretty well. The longs seem to be holding a lot of the float and are sitting on it.
This could be a .015 or .0175 stock before the momentum is gone. Tomorrow may open with a gapper. This will be over a penny by the week's end.
Today a Long White Candlestick formed. Buyers were aggressive and buying pressure was strong. Be careful, this may lead to excessive bullishness! yeah baby whats wrong with a good bullish stock $$$$$$
OMDA Oil and Gas, Inc. Announces Stock Repurchase Plan; Company to Repurchase Shares of Common Stock as Part of Continuing Restructuring Plan
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Energy Editors / Business Editors MIAMI--(BUSINESS WIRE)--OMOG-- OMDA Oil and Gas, Inc., an oil and gas production company (OTC.PK:OMOG), today announced that it will repurchase shares of its common stock, par value $0.00001 per share ("Common Stock"), through open market purchases. The initial phase of the repurchase will commence on Wednesday, May 12, 2004, on which date the Company intends to purchase a minimum of 10,000,000 shares of Common Stock. All Common Stock repurchased will be retired and cancelled by the Company, which will decrease both the issued and outstanding and the authorized number of shares of the Company's Common Stock. "We feel that the stock repurchase plan is a very visible way to show our stockholders that we believe in the Company and its future," said Adam Barnett, Chairman of the Company. The Company intends to repurchase up to an aggregate maximum (including the shares repurchased on May 12th) of 100,000,000 shares of Common Stock during the next quarter. All repurchased shares of Common Stock will be retired and cancelled. The Company expects to publish the results of the repurchase plan from time-to-time. In addition, the Company is in final negotiations with a permanent service operator and expects to make an announcement within the coming weeks. Once a permanent service operator is hired, the Company's interim operator will continue to work with the new service operator to ensure continuity of the Company's production interests. This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. About OMDA Oil and Gas, Inc. OMDA Oil and Gas, Inc. is an oil and gas production and lease acquisition company. Currently the Company owns participation interests in 355 oil and gas wells in Louisiana and Texas. KEYWORD: FLORIDA INDUSTRY KEYWORD: MINING/METALS ENVIRONMENT MANUFACTURING ENERGY OIL/GAS SOURCE: OMDA Oil and Gas, Inc. CONTACT INFORMATION: OMDA Oil and Gas, Inc. Adam Barnett, 305-609-2345 Email: omoilandgas@aol.com Web site: www.omogoil.com
this is great news they are gonna buy back even more shares causeing the price of the shares to go up
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