quote:Originally posted by bond006: Sorry perfect, lets start over this is a time when we need to stick together and stay focused things will work out I am sure
To this...
quote:Originally posted by bond006: perfect I have just iggied you
Within minutes...hmmm bi-polar I guess...
Anyway lil, I do own shares. At this point I am just waiting to break even and I will be out.
It's not worth fighting about I hope everyone here (including you lil ) makes money on this.
posted
I hope we all make money as well prefect. The only problem I have had with you is calling me a pumper (which I take title of Proudly Here) but, I'm backing it up with DD.
People come on here and every other thread spreading the negative <<<VIBES>>> with NO DD TO BACK IT UP! I'd love to see it but, all I've seen thus far is good DD..... is my point.
Good luck to you and 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
my main negative on this stock is the appearance of releasing "good news" to entice people to buy while at the same time selling shares to pay for the the acquisition.
has anyone been able to disprove this?
Posts: 688 | Registered: Aug 2005
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posted
best thing? call the TA...if they're gagged, well---rum da bumm bummm--dead giveaway. Otherwise, you stand a good chance of getting a reasonable answer...
posted
I think the PR's about their oil in Kentucky kind of help us see they are doing ok.
18 wells avg 26 bls a day comes to 10 million revenue a year. They are adding six new wells. Plus claims in Montana or Wyoming.
The Nevada property is just one part. Since leases are cheap in Nevada, 1.75 - 2.50 per acre, they could risk 15 or 20 thousand for 7 thousand acres that has promising survey results.
I think what is happening in Nevada is a geologist thinks he knows how to find the oil. He has convinced people to search, and early tests are positive. It worked under similar conditions in Utah using the same results from old shell reports.
EDEN's ceo has hit on his last 6 wildcat drills so he may know what he is doing more than anyone thinks. They are in the area.
It is risky but I don't want people to get the idea that PBLS is dependent upon that state.
Posts: 660 | From: Kansas | Registered: Mar 2005
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posted
does anyone know if PBLS is still actively drilling in KY. In one of their previous posts they said they are going to drill 6 wells before the EOY 2005.
quote:Originally posted by prefect: my main negative on this stock is the appearance of releasing "good news" to entice people to buy while at the same time selling shares to pay for the the acquisition.
has anyone been able to disprove this?
I understand your point here prefect and if you go back and look throught the posts.......I was the FIRST one, to point out that perhaps the Closing was backed with shares. Being the price did not rocket.
Now addressing this.
EDEN's ceo has hit on his last 6 wildcat drills so he may know what he is doing more than anyone thinks. They are in the area. It is risky but I don't want people to get the idea that PBLS is dependent upon that state.
Agreed JR.
And.......They're all risky
GLA I'm holding
-------------------- 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 can safely say that management has stated that they are not selling shares into the float. They are acquiring companies with cash and/or restricted/preferred shares.
Buytex, Share structure should be readily available on several sites in the near future as stated in the last PR.
IMHO macdrsirules
Posts: 539 | From: BIG D | Registered: Apr 2005
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posted
I view these boards from time to time. A lot of people here are ok, but the idiot pumpers and ride people's backs are seriously ridiculous sometimes. I don't blame lilpennypincher at all. The DD's were good, and the chart was pointing up, there's no question about that.
But I don't like how these boards can get off track about the past so quickly, so I'll end with this:
We're looking at moving a bit lower. Hopefully volume is on our side this coming week.
Posts: 55 | From: Chicago | Registered: Dec 2005
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posted
Louie, I have no problem with your post whatsoever and I know the chart says it should move lower according to the bearish 2 candlesticks. However the stock is considerably oversold and there was also good news immediately prior to close on Friday.
I bet it gaps up on Monday and makes a comeback into mid to high .02S.
Purely speculation
GLTA macdrsirules
Posts: 539 | From: BIG D | Registered: Apr 2005
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COVINGTON, La., Dec 16, 2005 (BUSINESS WIRE) -- Phoenix Associates Land Syndicate (Pink Sheets:PBLS) today released information regarding its acquisition of ProGas, Inc., previously announced on Thursday, December 15th. Phoenix acquired the Covington, Louisiana-based Energy Services firm for a combination of cash, preferred shares and restricted shares in a transaction valued at approximately $4,500,000. Total purchase consideration consisted of $2.5 Million in-cash payable in installments, 150,000 Preferred Shares(a) and 10 Million restricted common shares at a value of $.05 per share.
ProGas, which also has offices in Houston, Texas, is a full service energy company that provides marketing 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 ProGas' audited financial statements, the Company generated net income of $377,325.86 on total gross revenue of $190,353,257.50 for their latest fiscal year ended August 31st 2005.
CEO, Paul Alonzo commented, "We are confident in our ability to dramatically increase the scale and net income margins for ProGas' business going forward, particularly when coupled with our existing Oil & Gas operations and acquisition targets we are currently considering." He continued, "We are also in the process of getting all the information updated so as to make it available in the public domain so that our shareholders can access up-to-date information on select company data, including all share-related data, through any number of online investor-related resources, including Pheonix's corporate website."
-------------------- 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
GM Lil... This is a good entry point IMO...I'm surprised frankly that this didn't do better when the PR was first released. I think it will get some attention this AM... Hope your well...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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posted
Time to get the old check book out and figure how to get more of this little diamond in the ruff
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
yea, I thought last week at .0215 was a good entry point....shows what I know. How is it that ANY stock can go either up or down....I can always buy the one going down.
-------------------- It's only money..We'll make more tomorrow! Posts: 788 | From: Tx. | Registered: Jun 2005
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posted
L2s are real thin on the ask .0152 .0158 .0185 .019 .02x3
and the bid is stacked at .015
-------------------- Choosing individual stocks without any idea of what you're looking for (or without reliable information) is like running through a dynamite factory with a burning match. You may live, but your still an idiot. Posts: 5320 | From: Syracuse, NY | Registered: Apr 2005
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posted
it's freakin killin me too! Man, I don't want to hang on to one that kills my portfolio AGAIN! AAAAARrghhhhhhhhhhhhhhhhhhh!
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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posted
BTW: I think everything points north for the pps, but man, to watch it dive so far so quickly...and after GREAT news...It's just killin me.
-------------------- "Sometimes I lie awake at night, and ask, 'Where have I gone wrong?' Then a voice says to me, 'This is going to take more than one night.'" - Charlie Brown (Charles Shultz) Posts: 719 | From: Leesburg, VA | Registered: Jul 2005
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posted
I am really surprised at todays action. It seems good news only brings it down. Sharkone, my average is .026 so Im pretty close to ya.
DQ I would have thought the same as you last week so dont feel alone. Surely it will rebound soon.
Posts: 539 | From: BIG D | Registered: Apr 2005
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I'm hoping to add more low and wait for SCHB to finish his selling. I don't know what more to say. I'm very upset about the PPS right now but, keeping all that PBLS has going and the future clear in my mind......
-------------------- 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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