posted
Looks good especially since IMO: 1. OIL is up 2. Hurricane Katrina definitely put a dent in the US supply but to what extent, not confirmed yet 3. OIL companies still have to check to make sure no damage to the pipelines and offshore rigs which will cause further delays 4. TNOG finally crossed over 20 day SMA today. 5. TNOG just recently completed Midway Gas Pipeline
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so what price target do you think this could go to, of course gas stations rip you off at the pumps, if there is a hiccup prices goes up.
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Well I'm taking a swing position on this and have my sights on at least .034-.035 which is right about where the 50 day SMA is laying. Upper bollinger indicating right around .038.
There maybe some resistance around .033 but given the recent situation with missed days for oil production, plus the additional resources needed to fix the damaged areas, and winter coming around the corner, I don't see why we can't at least get back to at least the 50 day SMA.
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Well, Special you go ahead and sell at .034-.035 cause there'll be plenty of folks waiting to take your shares as soon as that gas starts going down the pipe, and the two wells report flow.
We already went over .05 on speculation. You're either kidding or ----- well, surely you're kidding.
-------------------- If you don't have instincts, get out. If you do; go with them.
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quote:Originally posted by leavenart: Well, Special you go ahead and sell at .034-.035 cause there'll be plenty of folks waiting to take your shares as soon as that gas starts going down the pipe, and the two wells report flow.
We already went over .05 on speculation. You're either kidding or ----- well, surely you're kidding.
Well until it happens and the chart tells me something otherwise, I'll sell. I've already made alot of money flipping this so it's no biggie. I won't mind buying in at .04 and selling again at .05 if that's the case. PPS can't go up forever. There will always be a dip to buy back in at. It all depends on your personal style of trading. Nothing wrong to buy now and sit and hold till January.
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Now you're talkin. The charts don't see the pipeline. That's why we need all the information available. As you probably know, when a stock gets to the point we are at here, a confluence of events that are peaking, the charts are behind the curve and just reacting. If this does what I believe it will go very fast, and won't slow till the .05+ area. GL
JMO,I'm no expert. Now where did I put that shovel? Something I'm really good at.
-------------------- If you don't have instincts, get out. If you do; go with them.
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Yeah leavenart, sorry I didn't make it clearer. Given the recent events, your totally correct and I'll be watching the charts very closely the rest of the week for confirmation on the uptrend and raise my stops from there. If that happens, then I'll definitely hold past .034 but as you know, each day can always tell a different story. GL to you also!
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Well I wish they would announce that gas if flowing! We could use it around here, just went up another 20cents last night. Got a friend who owns a gas station in Souther MD and he said they are going to start rashioning the stations gas. There over 3bucks for regular already, and stedily climbing!
-------------------- 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
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judgeing the cart looks like the profit takers are out, calkin money flow shows the begining of upwards accumulation The new pipe line is connected,gas pressure very high, next pipeline in the works. well what else can i say im in TIME TO MAKE SOME MONEY
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folks the gas that will be flowing is natural gas...ya know the stuff you heat your house with in winter...lol. i wish they would pr about oil flowing. the other day it was $70 a barrel, haven't looked in the last 2 days. i cant believe how none of the 4 penny oil stocks i watch moved up this week. i expected at least a penny jump on all of them if not more. they are all even or down.
-------------------- "keep your stick on the ice & your cup firmly in place"
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bill thats how i feel, they should go up , not sideways or down , what the hells going on. if given the opposite and gas and crude drops then share price drops,,
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Common sense is with all that is happening they should be up at least penny??? Natural gas does not come from pumping oil out of the national reserve. Oil that is taken from the reserve will have to be put back.
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another pick of mine but it is not a penny stock is WMI waste management is going to be a huge part of the clean up and this comapny is one of the biggest players in the area. lately the stock has been beaten down to what i figure is a good buy point. they will also be one of the first companies to benifit from this mess.
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data im feeling the same way as you about oil stocks not going up.the only reason i can see for this lack of movement is the holiday.and the feds releasing oil from the reserves.imo i think that tue.will be better. tnog is poised for a good move. along with others.
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TNOG -- Titan Oil and Gas, Inc. Com ($0.0001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Titan Oil and Gas, Inc.: Drilling rig commences work at Kosciusko
SAN ANTONIO, TEXAS, Sep 07, 2005 (M2 PRESSWIRE via COMTEX) -- Titan Oil and Gas, Inc. (TNOG:OTC) reports that the drilling rig is now on-site at the Kosciusko #1 Well and operations are underway. Titan CEO Kent Jacobson reports: "The rig arrived on the site yesterday after a brief delay on its previous assignment. Recent adverse weather conditions have played havoc with rig schedules in the southern U.S. The rig has now been set up, and will set a cement plug today in preparation for the commencement of drilling operations. We will also have a work crew finishing work on our new gas pipeline from the Kosciusko #1 Well to connect through to the Midway grid. We expect to have the gas pipeline finished before the conclusion of drilling operations to take advantage of expected natural gas production. We look forward to this, given the extremely high prices for both oil and gas in current markets. While it is shocking to fill up your car at the gas pump at these prices, as an oil and gas company, we look forward to the benefits of generating higher-than-expected profits in a relatively short period of time."
Jacobson adds: "We are pleased to report that our properties did not suffer any damage as a result of Hurricane Katrina, though we had heavier-than-normal rainfall at the site. We wish to extend our condolences to the victims of the hurricane, and also to all of the oil and gas industry workers in the region who have been affected as operations were shut down in the Gulf and surrounding areas. The damage to significant portions of the oil and gas industry places a heavier responsibility on companies like Titan to help America meet its energy needs."
-------------------- 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
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Must be a whole lot of selling going on today. Great time to pick up some more b4 production numbers come out. Last I heard they were rolling 150+ barrels a day out! But it all remains to be seen.
-------------------- 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
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TNOG probably finishes well drilling and pipeline next week. Good entry point here. Well is expected to be huge $$$. It only takes one day to drill the well, and about two days to measure the flow rate.
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well i'm in from a few weeks ago...got in seconds after good news came out but that was hi of day, in fact hi of the last 2 weeks...lol. i've like TNOG for a long time...today pissed me off. if you look at the trades there had to be at least 25 million dumped into the o/s today. still think its a solid company, still think it has a strong future but if these DA** pinks dont stop diluting without warning i'm gonna pic 1 & go off on the S.O.B.'s. if it wasn't for the fact its a company with a future it would have been a lot worse then a 20% drop today. i'll have to average down now, it will make it back but with gas coming in they shouldn't need to dilute.
-------------------- "keep your stick on the ice & your cup firmly in place"
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