One AMEP starts drilling, it's going to capitalize on these unprecedented prices. Not buying AMEP at these prices right now is just silly!
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It's a shakedown, mainly it will be quick drop in price and with small volume and it will be during trading hours. Sometimes it occurs early in the morning, you may see a big drop at open then it rebound and climb.
Look at the mad faces that equals for those holding AMEP.
a) If you are willing to buy now and hold until March quarter results this is a bargain.
b) Short time player, look at the charts
Natural Gas Users to Take Hit This Winter By H. JOSEF HEBERT, Associated Press Writer 14 minutes ago
Winter heating bills will be a third to a half higher for most families across the country, with the sharpest increases expected for those who heat with natural gas, the Energy Department forecast Wednesday.
The department said natural gas users can expect to pay an average of $350 more during the upcoming winter compared to last year, an increase of 48 percent. Those who heat their homes with fuel oil will pay $378 more, or 32 percent higher than last winter.
Propane users can expect a percentage jump in their bills similar to those of fuel oil users.
In its winter fuels outlooks report, DOE's Energy Information Administration assumed a normal winter and steady progress in restoring oil and natural gas production and refinery output from the damage inflicted by hurricanes Katrina and Rita.
"Should colder weather prevail, expenditures will be significantly higher," the EIA said.
The agency as well as the natural gas industry said that heating costs could vary widely among regions.
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One AMEP starts drilling, it's going to capitalize on these unprecedented prices. Not buying AMEP at these prices right now is just silly!
yeah this is huge news. cnn home page
NEW YORK (CNN/Money) - A government report issued Wednesday predicts large jumps in heating bills for Americans this winter and continued high oil prices in 2006 due to slightly colder temperatures and the continuing impact of hurricanes Katrina and Rita on the nation's energy production.
The Energy Information Administration (EIA) estimates that heating bills for all fuel types will cost Americans about one-third more this winter on average, assuming typical weather. A colder-than-normal winter could lift energy prices nearly 50 percent.
The three-quarters of Americans who use natural gas to heat their homes could see even greater sticker shock when they get their fuel bills, the agency warned. It sees the cost to heat by gas rising 47.6 percent in the case of typical weather to $1,096, and by more than two-thirds to $1,242 in case of colder-than-expected weather.
Even a warmer-than-expected winter will see natural gas heating bills rise 29.8 percent to $964, according to forecasts.
Households that primarily heat their homes with electricity however, can expect to pay about 5 percent more on average compared to last year, the agency said.
Even though the National Oceanographic and Atmospheric Administration is predicting that the 2005-2006 winter will be for warmer-than-normal across much of the central and western United States, forecasters are predicting slightly colder temperatures than last season based on heating degree-days, the EIA said in its report.
"The National Oceanographic and Atmospheric Administration projects a 0.4 percent colder winter in the lower 48 states, in terms of heating degree-days relative to normal winter weather, which would be 3.2 percent colder than last winter," the EIA said in its annual winter fuels outlook report.
Heating degree days are calculated by the difference between 65 degrees Fahrenheit and the average of the high and low temperatures of a particular winter day. The calculation indicates household energy consumption for space heating.
NOAA forecasters expect the Midwest and East Coast to have "equal chances" of warmer, cooler or near-normal temperatures in December, January and February.
The EIA also reported Wednesday that one-third of U.S. crude oil and 21 percent of natural gas output in the Gulf of Mexico will still be shut-in during December due to disruptions caused by Katrina and Rita.
Seven oil refineries that can process 1.9 million barrels per day of crude remained offline after the storms. Those plants represent about 11 percent of total U.S. refining capacity, the agency said.
"Complete recovery of energy infrastructure from hurricane damage will take many months. However, considerable recovery should occur by the end of 2005," the agency told Reuters.
The agency anticipated that the average price of a barrel of oil will be about $64 to $65 in 2006, up from the $58 a barrel average expected for this full year.
Separately, the EIA said gasoline inventories, which are currently tight, should improve as the heating season progresses. "However, an abnormally cold winter could discourage gasoline output and tighten supplies for next spring," the agency said.
Gas prices peaked at $3.057 on Labor Day in the wake of Hurricane Katrina and have fluctuated since, falling as low as $2.755 a gallon on Sept. 22, according to the daily reports issued by the travel club AAA.
The nationwide average for regular unleaded gasoline fell nearly two cents a gallon Wednesday to $2.854 a gallon from $2.871, according to AAA.
A year ago, the average cost of a gallon of regular unleaded gasoline was $1.972, AAA reported.
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posted
If you read for my post at 12:11 pm today you will get more info. Today was day 2 of 4-6 days of 10% drop
my earlier posting: My anaylsis with my program indicates a drop of 4-6 days (without a major PR), chart shows a drop to support of .045-.056, a steady 10% drop per day. When you see a major drop of 15-20% that will be the indicator to rebuy
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i dont recall hearing about ttnj, but i proly would have missed it because i dont jump off the edge because someone told me to. but to who got in, congrats! there are many more to win...and lose
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posted
slightly down again in Berlin and hopefully many realize that the energy sector is still under pressure and that the news releases yesterday including Greenspan is nothing but damage control imo. Now they are saying the natural gas issue will not be that bad, it will only increase about 40%. Okay if so I think 40% is still high for less then a 3 month period, hell some would like to have 40% gasins on their stocks within a quarter but think realistically about this....how can they forecast a drop in this prediction? Demand has not declined at all for NG and demand will increase dramatically once everyone puts their heat online and who really knows what king of winter we will have? Have the scientist changed their minds from the previous postings and lionks I provided? I think not. We are in for a bad winter not only this year but for many years to come (no less then 8 years from last year)based on their predictions and that includes more severe hurricane seasons (thats being proven over the last two years already) Either way good luck to us all in out trading but moreso in our personal lives, things are changing quick in our country so always keep a watchful eye open.
Q
p.s. my posting will be limited today and tomorrow,have a lot of running to do and heading out to Daytona Saturday for Biketoberfest all next week so I won't be around (unless I decide to bring my laptop on vacation with me which is likely...LOL)
Wow... I was skeptical when I read your post but I just took a look at the financial reports for Terax and their Market Cap is more than 20 times AMEP's current market cap without any apparent revenue. Definately an interesting comparison. Can anyone find a reason for the huge difference in valuation between these two companies?
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Wow... I was skeptical when I read your post but I just took a look at the financial reports for Terax and their Market Cap is more than 20 times AMEP's current market cap without any apparent revenue. Definately an interesting comparison. Can anyone find a reason for the huge difference in valuation between these two companies?
one reason is AMEP has twice the number of outstanding shares but still it should be trading in range of 1-1.5
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posted
That's why I was comparing Market Caps. $440 Million vs. around $20 Million. That's a big difference... Only explanation I could find was that TERX is losing less money than AMEP currently, but they're still losing money... And from what's currently going on with AMEP the losses should be cut substantially, and we might even see a profit soon.
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posted
I have a question... Does anyone know why this stock was trading at over $8.00 a share and then in about march of 2002 it dropped to sub penny land? I just looked off of a yahoo 5 year chart and that is where I came up with this. Any answers? Just curious.
posted
If you go to the website, you'll see that it was another company before AMEP. AMEP itself hasn't been in business for 5 years from what I can see.
American Energy Production Inc. on January 18, 2004 filed a form N-54 with the SEC to become a Business Development Company. A BDC company is regulated under the 1940 SEC act. That act set out procedures by which a Company once it establishes a majority position in a Company can make a series of further investments in it’s ‘investee’ A BDC company does not consolidate financial statements with its investees and each investee operates independently. Several other points of interest include:
1. The accounts payables listed in the 10Q filings are all aged accounts that were part of the Communicate Now.com--the predecessor company to AMEP. Management will continue to work-off these accounts payable in an orderly manner. However, AMEP does not believe it is in the best interest of the company to use funds that would otherwise be used to develop more oil and gas properties, and generate revenue, to pay these ‘inherited’ accounts payable to aggressively.
2. The payroll taxes listed on the 10-K filings are also part of the former.com Company and will be addressed as an Offer and Compromise at the direction of company lawyers.
3. The bank notes listed in the 10Q filings are also part of the former .com Company and will be addressed at the proper time.
-------------------- "As long as there are dreamers, there are dreams that will come true."
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And here's another chart link to check. Just have to type in AMEP, put it in for 5yrs, 10yrs.. and you'll see there was nothing before 2001 max. And that was the previous company I believe.
posted
Just a tid-bit of information for those trying to compare TERX with AMEP.
The fact that TERX has to outsource their drilling and AMEP actually owns a rig is actually a pretty big deal.
In Oklahoma, there is a 6 month wait to get a drilling rig. AMEP will be able to go from location to location and keep the machine working FOR THEMSELVES.
TERX will have to play scheduling games with their rig pushers just to get holes drilled.
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