posted
This is a good piece on oil and gas peeking long but worth the read if you are in pbls this could be a good read and then see why paul is taking us thier.
Small growth oil companies are the next big thing:
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NEWS....Phoenix Associates Land Syndicate Updates Timetable on Acquisition of ProGas, Inc. Nov 30, 2005 12:45:00 PM Copyright Business Wire 2005 COVINGTON, La.--(BUSINESS WIRE)--Nov. 30, 2005--
Phoenix Associates Land Syndicate (Pink Sheets:PBLS) updated its shareholders today regarding its previously announced intent to acquire Covington, Louisiana based ProGas, Inc. The closing date for the transaction, which was originally scheduled for the week of November 30, 2005, has been revised to close by mid-December.
Paul Alonzo, CEO of Phoenix stated, "The deal is done in principle. We have already begun the integration of ProGas into our overall operations, however there was a delay, do in large part to the Thanksgiving Holiday and legal review of the closing documents, that prevented us from 'officially' closing the transaction this week. Irrespective, we should have the deal closed shortly and we are already reviewing other compelling candidates for acquisitive growth."
ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing responsive solutions to Energy producers and consumers, with services including energy supply management, natural gas and crude oil marketing, physical energy transportation (trucks, barges, pipelines), physical and financial risk management, administrative and regulatory consulting and a rapidly growing facilities financing division. According to the company's audited financial statements, ProGas generated in excess of $190,000,000 in annual sales revenues for fiscal year 2005, which ended in August.
About Phoenix Associates Land Syndicate
Phoenix Associates Land Syndicate, through its wholly-owned subsidiaries, is engaged in the natural resource development, commercial transportation, real estate development and diversified construction businesses. Current company assets include oil leasehold and drilling operations, sand and gravel quarry and mining operations, a contract hauling trucking fleet, diversified construction operations and land-development leaseholds. The Company is experiencing significant organic growth in each of these businesses and is aggressively acquiring synergistic businesses in order to rapidly build capacity.
Forward Looking Statements
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
For further information, go to the Company's website at: http://www.pbls.biz
Source: Phoenix Associates Land Syndicate
---------------------------------------------- For Phoenix Associates Land Syndicate Covington Osprey Partners Mike Mulshine 732-233-3853 osprey57*optonline.net
Posts: 28 | From: South, Korea | Registered: Oct 2005
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posted
Even though the PR is bringing disappointing news, in a way it's good news... though it's late, it's confirmation that the deal is 99% done and people who have been wondering whether or not they should buy it now have a chance to get in before a big run. This isn't so bad I guess. I just was counting on the news to happen today.
Posts: 1711 | Registered: Oct 2005
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quote:Originally posted by WarpedMind: Even though the PR is bringing disappointing news, in a way it's good news... though it's late, it's confirmation that the deal is 99% done and people who have been wondering whether or not they should buy it now have a chance to get in before a big run. This isn't so bad I guess. I just was counting on the news to happen today.
Like I said.
Just a matter of RED TAPE
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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hey lil, so even with today's news indicating the deal is basically %99 percent done, do you think we'll have a good run when the actual PR that confirms 100% deal closed?
I would figure this PR would have given the run we were looking for, granted we are green, but a few weeks from now, the next PR really isn't going tell us what we already know!?
Posts: 680 | From: san francisco | Registered: Aug 2005
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posted
Don't they usually say the the price already factors in the news (hence the phrase "buy on rumor, sell on news"?) So I don't understand why our shareprice is so low on such a solid "rumor".
-------------------- Life is like a roll of toilet paper. The closer it gets to the end, the faster it goes.
posted
You have lots of people that ONLY play the news. AND IT'S GOT TO BE THE NEWS.
This will still hit big when the news of the close comes out. You can either sell now and get back in on the dip or hang on and wait. I think they cover themselves by saying 2 weeks but, I see wrapping up what is Red tape to not take that long and I'm not going to be caught off guard. I'm adding.
Good luck all.
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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posted
and WarpeMind. It's what we already know yes, But there are a lot of people that don't just follow PBLS....there are a lot of stocks I know nothing about but, when the news hits the streamers.......I'M IN!
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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posted
Remember it's not all about this PR. This one is going to be sweet for the longs as well as the shorts.
READ THIS AGAIN. SWEEEEEEEET!
C Member
Rate Member posted November 28, 2005 20:50 -------------------------------------------------------------------------------- PBLS * .025, .17 EPS For 2005, .22 EPS for 2006 2005 Revenues Rome Oil & Gas Co., $1,368,000.00 in revenues for 2005 Murphy Sand & Gravel excess of $2,310,000.00 in revenues for 2005 Heaslip Construction excess of $2,000,000.00 in revenues for 2005 Ann Arbor Pools $2,288,000.00 in revenues for 2005 Bayou State Trucking around $650,000.00 in revenues for 2005 Progas Inc. . $190,000,000.00 in revenues for 2005 ------------------------------------------------------------------- $198,618,000.00 in revenues for 2005 ProGas, Inc. Completed Acquisition will Add $190 Million in Revenues for FY 2005 http://www.investorshub.com/boards/read_msg.asp?message_id=8613714
Last of 2005, gross revenues will exceeding $10,000,000.00 profit exceeding gross revenues where in 2004. $3,000,000.00 30% Profit http://www.pbls.biz/pr38.htm
$59,585,400.00 Profit 2005 / 346,560,260 shres = .17 EPS for 2005 PBLS trading 25 x Earnings is $4.25 PPS http://www.pbls.biz/pr38.htm
2006 revenues $224,388,000 Progas Inc. $190,000,000 Rome Oil and Mid South Oil $12,000,000 Murphy Sand and Gravel Est. $3,500,000 50% growth from 2005 Heaslip Construction Est $3,000,000 50% growth from 2005 Ann Arbor, Great Lakes Pool $3,388,000 50% growth from 2005 Bayou State Trucking $1,000,000 50% growth from 2005
posted
It may dip now that the short hold players will sell. It really is a buying opportunity when that happens and I'm not going to let it go without me buying.
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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posted
I dont believe we have much to worry about with this pink. Rariest of pinks: revenues,products, and a BUSINESS PLAN! These guys have acquired a number of companies and are obviously experienced at it, and know how to run them. I would worry about the SIZE of this acquisition, other wise. I figure if I blow or miss the run due to job demands(whatever), being a stuckholder in this company could pay well a few months further down the line.
-------------------- It takes a lot of attaboys to make up for an aww chit Posts: 483 | From: OK | Registered: Aug 2005
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Good call on the drop before the next big rise. With the PR coming out late, now will be a second chance to get in before the next up-swing.
Posts: 60 | Registered: Nov 2005
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posted
I'm just going to quietly (Yea, right me)?LOL sit back and add more as I make some cash on the news runners. (I hope) This one's got me. All goooooood!
We are all going to make BIG
-------------------- Lil,
Dont LOSE more than you can afford to invest....LOL
I'm buying low and selling into the run... Posts: 8024 | From: Joisey....see attitude above | Registered: Jan 2004
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