posted
The best is on this stock is getting ready to start, it appears it is right around the corner, we should also be getting and update on the CSUA deal.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
That press release mentioned a dividend for the CSUA deal. Have you heard any more about that?
Posts: 294 | From: Mississippi | Registered: Jun 2005
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I never really asked that question, it might be a small priority to us holding our dividend is coming it appears very shortly.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
I wasn't counting on or even considering it as far as holding the stock but it would be a nice cherry on top wouldn't it. I wish I knew because it looks like we've seen the low of the day. If I am going to add any, I need to do it in the next hour or so. I can't make up my mind if I want to buy any more at these prices or just wait. If we don't get a PR or hear any more news, there may be another drop next Friday.
Posts: 294 | From: Mississippi | Registered: Jun 2005
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posted
On the other hand, if there is news or even insider leaks next week, this is my last chance today.
Posts: 294 | From: Mississippi | Registered: Jun 2005
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posted
This is just a wild guess but if you see a dip next Friday it probably will not be any where near this, but you also know that nothing is final till it is final in a litigation. Good Luck, but i am sure you have already done well on this stock.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
If we close at HOD (.0094) that will create a buy signal on the charts for Monday.
Posts: 294 | From: Mississippi | Registered: Jun 2005
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posted
Here is another guess of mine i think that they are satisfied that the properties that they are getting back are okay, and that now they are pretty much waiting for the final stamp of approval, of course there is always a small chance that something could go wrong. Of course for new investors it is always a tough choice do you wait and see or chase it, there is always fun on the pennies.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
I agree. If I weren't in at all, I'd buy right now today. Since I already have at least a small position, I can't decide whether to add more or not. I'm sure I will be kicking myself on Monday. If they get anything near what they've asked for, I can see the .03 to .05 range in the next couple of weeks. Then, depending on the exact details and whether any of the properties are earning money, we could see a huge increase.
Posts: 294 | From: Mississippi | Registered: Jun 2005
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We pretty much know that some of the properties are earning money and i think they are also getting back lost revenues off of those properties, but we will see.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
This is so exciting!! We only have to get to .0176 to double the current price. I've just about talked myself into it.
Posts: 294 | From: Mississippi | Registered: Jun 2005
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posted
Well no high EOD but we will see what happens next week. My crystal ball must be a little dusty! As soon as you think you have it figured out...all the rules change. It's like herding cats! Have a great weekend everyone.
Posts: 294 | From: Mississippi | Registered: Jun 2005
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posted
This stock will get interesting. I try and look back on any pennies that have received back even $5,000,000-10,000,000 dollars in real assets and i cannot find any. I think it will be more than this but was trying to do a comparison. I was looking back to when the possible sale(still pending) of the Panola lease was announced, the CSUA stock took off and omog should have been over.01 then because OMOG was or is to own $300,000 of registered stock of CSUA and get cash back and retain a small amount of the field or keep this property that shot the other stock a lot when investors thought they were getting it(which still could happen) So you know how underpriced OMOG stock is a present just for what they own now. We know that with the price of oil going up, unfortunate for consumers, the value of these properties is going up if they have wells on them pumping or not and they are american properties which is beter than having them in countries of unstable goverments. This is a sleeping giant.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
IWISHIHAD I have looked into omog before I did some dd If I understand you wright is that you feel that the suite is in the bag for them and next week is when we will get the details can anybody help me with this answer please so I can finish mry dd thank you
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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I think I have answerd my own question about the suite. I still would like an opinion about things. As I will most likely take the plunge tomorrow
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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quote:Originally posted by bond006: IWISHIHAD I have looked into omog before I did some dd If I understand you wright is that you feel that the suite is in the bag for them and next week is when we will get the details can anybody help me with this answer please so I can finish mry dd thank you
The suit is basically settled, they're finalizing it now. The lawyers are making sure that the reacquired assets have no liens or debt associated with them before OMOG takes possession.
In the bag? Its not a for sure but its highly unlikely that they would want to go to court and risk even more than the out of court settlement will be. Can we say possible jail time?
Also the lawyers for OMOG started this case on an hourly based pay rate. After they did their DD on the case they decided to do it on a contingency basis. Which means that if OMOG wins they get paid very well. If OMOG would lose the lawyers would get NOTHING. They obviously felt that OMOG's case was very strong.
Posts: 260 | From: Carbondale, CO | Registered: Nov 2005
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posted
350+ wells with 37.5% interest in future wells and $36 million in damages....this is what i just heard..
Posts: 1029 | From: Long Island, NY | Registered: Apr 2006
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not a problem boys..im lookin for a big profit on this one, i bought it up way up at .005 Posts: 1029 | From: Long Island, NY | Registered: Apr 2006
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Wish I had some infro to add. From the little dd I have done any thing under .01 is a fairly safe play with 85% chance of a strong upside. Adding shares on dips. Any hint of growth Will stay long and on any alt fuels plays. Most have had big runs. Precede with caution. For some- one to win someone must lose. GLTA
Posts: 758 | From: FOREST,MS | Registered: Feb 2005
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Thanks for clarifying in the bag to bond006 you explained it better than i could have, i have been gone and just read it. Rocked has even more information than i have, sounds great Good luck.
Posts: 3875 | From: ca. | Registered: Jul 2005
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posted
Let's see how sick I get today that I didn't add more on Friday at .0085! This is going to be a great ride. I believe we will break .01 today and close above it.
Posts: 294 | From: Mississippi | Registered: Jun 2005
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posted
Thanks guys I had to chase this morning but I dont't care I can't watch all day anymore have to go to work 100,000 thats a base to start from thanks for all your input .
Posts: 6008 | From: phoenix az | Registered: Mar 2005
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posted
If you don't mind saying, what was your purchase price? All three the same price?
Posts: 294 | From: Mississippi | Registered: Jun 2005
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Hopefully Monday that will happen
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