posted
Great news for PAPO!!!!!!! Here we go!!!!!!! Gapper!!! imho
AP Oil Prices Jump Above $67 Per Barrel Wednesday April 5, 3:59 pm ET Oil Prices Rise Above $67 Per Barrel Following Jump in Gasoline Futures
WASHINGTON (AP) -- Crude-oil futures rose above $67 a barrel Wednesday, following a jump in gasoline futures after the U.S. government released data showing a decline in domestic supplies of motor fuel.
The data also showed that gasoline demand over the past four weeks was 1 percent higher than a year ago.
Light sweet crude for May delivery rose 84 cents on the New York Mercantile Exchange to close at $67.07 a barrel, or 20 percent higher than last year.
"As of now, everything's pointing higher," said oil broker Tom Bentz of BNP Paribas Commodity Futures in New York. Bentz said he expects oil prices to test the $70 a barrel level before long.
posted
I wish I had more money!!!!!!!! I put my papo shares under my pillow! Sweet dreams all!
Active Hurricane Season Predicted for 2006
1 hour, 1 minute ago
FORT COLLINS, Colo. - Forecasters expect another busy Atlantic hurricane season this year, with 17 named storms but not as many intense storms striking land as last year. ADVERTISEMENT
The 2005 season was the most destructive in recorded history, with 27 named storms and 14 hurricanes, including Katrina, which devastated Louisiana and Mississippi and killed more than 1,300 people.
This year's hurricane season, which runs from June 1 to Nov. 30, is likely to have nine hurricanes, five of them intense, according to Colorado State University researchers led by William Gray, who has been predicting hurricane activity for 22 years.
"Even though we expect to see the current active period of Atlantic major hurricane activity to continue for another 15-20 years, it is statistically unlikely that the coming 2006-2007 hurricane seasons, or the seasons that follow, will have the number of major hurricane U.S. landfall events as we have seen in 2004-2005," Gray said.
Before the start of the 2005 season, Gray's team had predicted 13 named storms, including seven hurricanes, three of them major.
For 2006, team predicts an 81 percent probability that at least one major hurricane will make landfall along the U.S. coastline, and a 47 percent probability a major hurricane will hit the Gulf Coast between the Florida Panhandle and Brownsville, Texas.
posted
Joe, that P/E must be from '04. If you look at the 10-k filed on 3/31 it shows a net loss of about $550k. Profit of almost $1m in '04, although that was resulting from a non-recurring event.
Looks intriguing eitherway, I'm keeping an eye on it.
Posts: 196 | Registered: Mar 2006
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posted
I agree!! SUV's, Power Boats, Jets, and on and on....... Americans love their oil = $$$$$ for oil companies.
Will this dip tomorrow after opening ???
What is a good entry point for this????
Thank you !!!
Chris
-------------------- Try not to become a man of success but rather to become a man of value......Albert Einstein Posts: 346 | From: Illinois | Registered: Feb 2006
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Anything below .03 is a good buy. imho I think current prices will be history soon.
Huge demand for oil, Hurricane season starting in 2 months and summer increase driving and traveling season, oil stocks like papo are the place to be. imho
No MM gonna get my shares cheap. lmao
glta and do your dd before buying this oil monster.
posted
Thanks joe, I'm just saying your posting is a bit makes me nervous when i see that. ive heard of PAPO before and they did ok. Why is THIS THE stock for this summer's oil play though?
-------------------- If you do your 20's right, You are set for life. Posts: 659 | Registered: Nov 2005
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