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I'm catching up on reading Wall Street Journals here...and there's some good stuff in the Feb. 7th issue. Anyone read all the articles on Oil? The Whole week is focused on energy. Check it out. Food for thought.
-------------------- Not so "n00b" any more.
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Hey guys, Just wondering if anyone else noticed all the panic going on on the RB Board. A lot of complaining and worrying going on. Just wonder what everyone here thinks about that?
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Taber that RB board can get kinda crazy sometimes..when its down a little they get antsy and when it goes up a tick they celebrate..Just hang in there and it will pay off!!
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Hi all the r/b board has some of the best dd for this stock that I have ever seen. They also have more people that think like a 12 year old that I have ever seen over emotional just let the stock hit .04 and they will tell you it is the best thing since sliced bread and everyone is a basher that asks a question. Tkae that board for what it is.
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Nice little read from IHUB...Just bringing it over, take it for what its worth... Night all
Posted by: Waverider110 In reply to: None Date:2/9/2006 11:18:47 PM Post #of 11442
What PBLS says and what I say:
(all points verbatium from the 09/26/05 Press Release)
1. Phoenix Division, Murphy Sand and Gravel, Manager Adam Alonzo: The gravel pit should generate in excess of $2,310,000.00 in revenues for the year 2005. With what will possibly be the largest construction boom in Louisiana and New Orleans history, the gravel pit revenues for 2006 are sure to increase. ****$2.3 million for who? Just PBLS, or PBLS less lease payment or PBLS and the contractor mining the product? Reading all the other PR last year on the pit revenues, this number is PBLS' and the contractor's revenue that needs to be split up between them. Prior PR's seem to indicate PBLS share is a bit over $500,000 for 2005.. OCICBW*******************************************
2. Phoenix Division, Oil & Gas, Manager John Barksdale: The acquisition of Rome Oil and Mid-South Resources will add a minimum of $1,368,000.00 in revenues for Phoenix for calendar year 2005, with expectations the two oil companies will generate over $12,000,000.00 in revenue for the company in 2006. Phoenix is able to acquire these two oil and gas companies with stock and a small cash payment. After paying for the acquisition, Phoenix coffers are still healthy enough to finance and bring into production the next ten wells which our research indicates will be the most profitable. **** I take this at face value assume it is after landowner % and operating costs are paid.********************************** It is my policy that Phoenix need not go into debt to develop these oil and gas properties. Our policy shall be to raise money for future drilling (if need be) on a non-recourse method without putting Phoenix into debt.
3. Mineral Assets: Our gravel pit has proven mineral reserves in the amount of $300,000,000.00 and the addition of Rome Oil and Mid-South Resources brings another $200,000,000.00 worth of mineral reserves to Phoenix's balance sheet. I anticipate Phoenix having over $1,000,000,000.00 worth of mineral reserves by the end of 2006. **** The billion dollar number is pure speculation based upon the chances of success in deep well drilling- very expensive- in Wyoming and Nevada. The MS&G asset value has been consistently $300,000,000 in all past PR's and may be conservative due to increased market demand for the product which is closest of all competitors in area.But I think the miner contractors get their cut out of the $300,000,000******************************
4. Phoenix Division, Heaslip Construction - Manager, Mark Dishon: Gross revenues for our construction division could exceed $2,000,000.00 for calendar year 2005. Our research and experience shows the average repair/remodel cost for homes in our area of the country to be around $80,000.00 per house. Unfortunately, there are literally thousands of homes in need of repair due to the hurricanes. I expect record breaking years for Heaslip during what I know will be one of the largest re-building efforts ever taken in the history of our country. If we get just a small piece of the action, revenues for our construction division should really take off during 2006.****This is consistent with prior PR's but not recent ones where 3-D is the player now. I wonder what the profit margin is on home construction? Nation wide profit margin is currently 8.8%: (http://64.233.179.104/search?q=cache:HNiDviZCxb4J:biz.yahoo.com/ic/630.html+%22profit+margin%22+new+.... So I wonder if the $2 million gross revenue figure is "profit" or truely just revenue. 8.8% of $2 million is $176,000*************
5. Phoenix Divisions, Ann Arbor Pools - Manager, Dennis Scherdt and Great Lakes Pool Plastering - Manager, Byron Ross: These two companies should bring in approximately $2,288,000.00 in revenues to Phoenix during the calendar year 2005. Both of these companies also stand to break all sorts of records during the soon to be construction boom of 2005 and 2006.****ditto*********
6. Phoenix Division, Bayou State Trucking - Manager, John Zornes: Our trucking division tries to avoid the costs and hassles of owning trucks and the maintenance and insurance issues that come with ownership. Bayou provided jobs for owner operators and leases equipment from time to time when necessary. Revenues to calendar year 2005 should be around $650,000.00. For all qualified drivers with proper credentials and proof of insurance, Bayou is paying $45 per hour for tandems, $55 per hour for tri-axles and $65 per hour for eighteen wheelers. Again, with the coming construction boom, I expect annual revenues for our trucking division to also increase during 2006.****I take this at face value and think it is conservative going forward. It says revenue here, not gross revenues as in the prior two points, 5 & 6. Like I said, is he like Greenspan or what?********************
7. Phoenix Division, Acquisitions and Business Development - Manager, Ron Blackburn, assisted by Patti Fischer and Roger Stone: We are in a constant search for profitable companies to acquire where the acquisition can be accomplished with little or no debt and in which the acquisition brings immediate revenue growth and assets to Phoenix. We are in negotiations at this time with several companies we will try to acquire.****This is not a profit center, is is an expense center.***************
My #8. Last year to August, Progas Inc. generated about $450,000 PROFIT. See what auditors can do! They can say the "P" word: profit. For the last 5 months of 2005 while we owned PBLS, I would expect about $200,000 in PROFIT. Man, I love THAT word.
CONCLUSION:
GOING PUBLIC SHOULD REVEAL TOTAL PBLS 2005 PROFIT (REMEMBER THE KATRINA BUSINESS INTERRUPTION) UP TO ABOUT $3.1 MILLION BEFORE TAKING THE EXPENSE OF THE VARIOUS ACQUISITIONS AND DEBT PAYMENT.
NET-NET THE PROFIT FOR 2005 MAY BE AROUND $500,000 OR LESS. I SURE HOPE IT IS A BLACK NUMBER AND NOT A RED ONE FOR 2005.
THAT IS NOT SO BAD WHEN YOU CONSIDER THE VALUE OF WHAT WE HAVE ACQUIRED AND ITS STRONG GROWTH POTENTIAL. THAT IS ALSO NOT SO BAD CONSIDERING THAT THE UNAUDITED FINANCIALS RELEASED LAST AUGUST FOR 2004 SHOWED ONLY $40,000 OR SO CASH.
BUT FEAR NOT, 2006 IMHO WILL SHOW AN EVEN GREATER Y/O/Y PERCENTAGE INCREASE IN PROFIT THAN YEAR OVER YEAR 2004/2005. IN FACT IT COULD SURPRISE EVEN THE BIGGEST PUMPER LONGS HERE IF WE HIT DEEP OIL IN WYOMING OR NEVADA. THAT WOULD PUSH US OUT OF THE PENNY CATAGORY AND ONTO THE AMEX STOCK EXCHANGE.
I HOPE THIS ALL HELPS WITH DISCUSSION/UNDERSTANDING AND HURTS NO ONE. IT IS ALL ACADEMIC SPECULATION BASED UPON "FACT" FOR DISCUSSION PURPOSES ONLY.
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Good morning shark and good morning all the pbls longs and faithful ones lets hope for a better day need more people to invest word has to get out better hope the company is workingon that
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don't know what evaluation out there is like. But I do know that Progas agreed to take shares at .05 a share. I am sure they did very heavily DD before the deal took place.
If Progas evaluate at .05 a share at least plus cash, I think they will expect to get 10X as much in return from .05. That's the only way to realize the big value return.
.05 a share is where we should be sitting at right now.
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acting like some news may be coming out. Remember this from the web site
Phoenix is currently reviewing several potential acquisition candidates to complement the operations of Rome Oil and Pro-Gas. We currently believe that the oil and gas division, through growth and acquisition, could exceed $ 1 billion dollars in revenue by the end of 2006.
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Is it just me, or has the stock market suddenly become very boring as of this week? I miss all the excitement. PBLS is slow and steady, and USXP is now in the same ballpark. I think I'm addicted to the fast paced stock rush. Heh.
-------------------- Not so "n00b" any more.
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I'm still in this one but would also like some of your wise opinions on TCLL and TXHE. If you could pop in on those boards if you have some thoughts they would be appreciated...
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