posted
TNOG is number one in my book. TNOG went from 1 penny to over a nickel while many other oil stocks remained 2 pennies and under, and TNOG is still expected to have a lot of way to go. The company has a lot of appealing fundamentals, including an anti-dilution policy of the float, remaining free debts, and being revenue driven. The company already is producing one of the most desired resources: oil. Not only is it also expected to start producing gas within the next two weeks, the company already has a consumer of all of its gas products.
Posts: 1468 | Registered: Jul 2005
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posted
Well Explorer, I'm with you on this. This has been my best stock this year. After the disapointment of cpn, ivan, hec etc, this stock is relatively dependable.
I believe that all the signs point to continued forward movement for some time. GLTA
-------------------- If you don't have instincts, get out. If you do; go with them. Posts: 262 | From: Florida | Registered: May 2005
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"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein Posts: 784 | From: washington, DC | Registered: Aug 2004
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posted
after exspences, cost of operations, net probably less than half that, was hoping for better results to justify 36 million market cap. considering the current price movement i am not the only one dissappointed, dropping fast! on the news!
Posts: 2503 | From: connecticut | Registered: Mar 2005
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posted
Hey madmoney do you think it will drop and stabilize? I'm all out and waiting for the dip that may come tomorrow!
-------------------- Legal
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein Posts: 784 | From: washington, DC | Registered: Aug 2004
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posted
will probably rebound, seeing they are still producing oil, and people get the dissappointing news out of there system, wish for steak and get hamburg
Posts: 535 | From: muskegon, michigan | Registered: Jul 2005
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posted
Research says TNOG hit the mother load even with 50 BPD. Apparently the average output in the US is 10.5 BPD.
There is still a lot to come: 1) Completion of the gas pipeline within the next few days. It is said TNOG will make more from the gas than the oil. 2) Flow number of the other well. 3) Update on joint ventures.
Posts: 1468 | Registered: Jul 2005
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posted
50 barrels a day appears to be phenomenal for a U.S. well.
These people that got out today saw the PR, then saw the PPS go down a little, assumed it meant that the PR was bad news, and then all proceeded to "follow the leader" and jump ship.
The question is, will they do the research tonight, realize this was really good news and get back in tomorrow?
I think so.
Posts: 208 | From: Chicago Area | Registered: Feb 2005
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posted
This dump doesn't make sense....oh well, in it for the bigger picture anyway. Hope more "good news" doesn't come out, don't want this to drop anymore. LOL!
Posts: 155 | From: Santa Cruz, Calif. | Registered: Feb 2005
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posted
Of course it makes sense. A lot of people make money on this stock. No matter how you call it, the news was not up to expectations, so it dropped. I got out, a little late, but I'm back after putting the profit right back in and when the news comes out on Stanley 1, and the gas comes in I'll make some more.
What's not to understand. This is a buying opportunity. If you didn't see this drop in time to get out, then just wait. Imo it will go back up. Its a good stock and thats what good stocks do.
-------------------- If you don't have instincts, get out. If you do; go with them. Posts: 262 | From: Florida | Registered: May 2005
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posted
Thanks leavenheart, actually I added on the dip yesterday, i just diidn't expect it to fall below the 20 day MA so fast... I'm still learning and it's nice to have the input from those more savy.
Pops
Posts: 155 | From: Santa Cruz, Calif. | Registered: Feb 2005
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posted
I think we're there Net. We may wallow around here as people watch, but it wouldn't surprise me to see us pop up green late. I know I'd sure hate to be on the sidelines when the next set of numbers.
I wouldn't put it past them to put out a poor statistic and bring the price down for better entry points.
I suspect they knew exactly what they were doing.
-------------------- If you don't have instincts, get out. If you do; go with them. Posts: 262 | From: Florida | Registered: May 2005
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posted
I'm with you leavenart! I got out yesterday just as the news hit and got back in this morning acquiring more shares with the profit. I don't know if we've hit the bottom, but I'm not taking any chances on trying to catch it when it runs again. That second PR was pretty good. 50 barrels a day is a great rate, that's somewhere around 1,500 barrels a month! I'm no expert and this is just my opinion, but that is phenominal for a US company and especially a smaller one.
-------------------- Legal
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein Posts: 784 | From: washington, DC | Registered: Aug 2004
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posted
I usually see stars when I get slapped on a play...I agree with you guys, we go up from here, oil isn't going to stay down long, fluctuations, yes, but not a dive.
As we speak they are evactuating oil rigs due to storms in te gulf and supply is being shut down. Now this is news only and we all know that's what moves this more than facts so we shall see.....
Posts: 155 | From: Santa Cruz, Calif. | Registered: Feb 2005
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posted
I wish I agreed, but I think TNOG will flirt with .03 first. Maybe dip just a shade. Check the chart on it. Hope I'm wrong, but...
Posts: 1035 | From: Ohio - USA | Registered: Apr 2005
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posted
You may be right net! Yikes! lol. It will be a serious ride both ways I hope
-------------------- Legal
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein Posts: 784 | From: washington, DC | Registered: Aug 2004
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posted
The main reason I don't see .03 is that this has been a good stable run and the near future is promising, so I see some movement up/down but not enough bail out to drop it much more.
They are holding those numbers on us and we should expect some uncertainty in the traders.
-------------------- If you don't have instincts, get out. If you do; go with them. Posts: 262 | From: Florida | Registered: May 2005
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posted
I'm not stressing. This is certain to go above a dime in time. Be long, win big. That's the way I'm going be in from now on; I'm going to forget about it.
posted
Well, we 'did' break .03, like I predicted. I just still don't like the chart. Not sure if this rise is really a rebound, or just some people picking what they think is the bottom. The 200 day moving average is in the .01's
Now that's scary
Posts: 1035 | From: Ohio - USA | Registered: Apr 2005
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posted
Well Net, it fooled me. Just when you think its getting predictable. It would probably be easier for me to believe the chart if it could tell me flow rates.
-------------------- If you don't have instincts, get out. If you do; go with them. Posts: 262 | From: Florida | Registered: May 2005
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posted
It seems to be re-grouping itself. if nothing else we had some serious volume today!
-------------------- Legal
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein Posts: 784 | From: washington, DC | Registered: Aug 2004
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By: monkeybizca 08 Jul 2005, 07:26 PM EDT Msg. 45259 of 45308 Jump to msg. # I left 2 voice mail messages with Clayton today. Although he didn't get back with me, I called a third time and got finally got him. The best info I got was that the 50 bpod is based on pure oil only after the water is removed (it comes out 30% water). He has heard that both the gas and oil is of good quality, but doesn't know the exact purity. Also, he knows that the valve is currently being choked (not fully opened). He speculates that when they get to target depth, add on a pump and open the valve more that 100bpod is very possible. The Midway pipeline 60 day contract deadline is from May 24th which puts it at the 19th of July, but will likely finish sooner. The only debt the company has is like a few $K in credit cards for spare parts, maintenance, gasoline, etc. and is paid off in full each month. He seemed especially excited about the joint venture with Valor which gives Titan better access to other new land leases. In his own words, he said that the traders of Wall street will be buying back at a much higher price soon. He said that Novak has 15 million shares that they sell tiny amounts to pay for office and clerical stuff, but they have no intentions of selling any major chunks until it gets to about .20. Overall, the conversation was reassuring and I recommend that anybody who doesn't believe me or thinks I'm just pumping to call him yourself - Clayton will be happy to talk to you and no, there is no pending bad news. (503)618-0370
Posts: 46 | Registered: Jun 2005
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posted
tnog chart has clearly taken a hit. However, the two indicators here show its bottomed out. CCI and Williams %R at at or very very near bottom. CCI has never hit -100 this whole run and %R is about the same as it hits -20 oversold area. Look for this to take a turn this week, and if the above post is true on numbers, we should start our next run up soon imho
-------------------- Always buy and sell on your own due dilligence Posts: 26 | Registered: Jun 2005
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