posted
there should be one of theses stocks everday
-------------------- The difference between genius and stupidity is that genius has its limits Posts: 10204 | From: NYC | Registered: Mar 2006
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posted
If you watch Stockhouse.com and stockwatch.com all day you can get the news as it crosses the wire. Usually if the stock announced large $$ contracts, large $$ revenues or is making an acquisition or merger the stock can see 20-60% for the day. It's a good strat if you have the time to watch all day.
-------------------- *I'm not a financial expert or advisor, everything stated is my opinion* Posts: 1680 | From: NC | Registered: Jan 2006
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quote:Originally posted by superman7: PGPM .011 says possible val of $33.15/sh in pr just out->
Pilgrim Petroleum Announces Record Income for Quarter and Increase of Potential Oil Reserves Monday May 1, 10:43 am ET
IRVING, Texas--(BUSINESS WIRE)--May 1, 2006--Pilgrim Petroleum Corporation (Pink Sheets:PGPM - News), an independent oil and gas company, announced today its plans of steadily working on increasing production in its current portfolio of leases on American Petroleum Corporation & General Energy Corp both subsidiaries and operators of Pilgrim. Based on a 12,000-acre portfolio of proven undeveloped fields in the area of Archer and Wichita County, Texas, Pilgrim Petroleum estimates very high volumes of recoverable reserves. If the whole estimated subsurface is taken into consideration when calculating the potential of recoverable oil, the estimation reveals an approximate of 900 million barrels of recoverable oil.
(Total reserves based on 12,000 productive acres 12,000 acres x 500 feet x 150 barrels per acre foot = 900 million barrels of recoverable oil)
The net effects for the valuation of Pilgrim's stock with this potential recovery can be calculated as follows:
At US$60 per barrel for proven reserves and a portfolio that generates 900 million barrels of oil, Pilgrim Petroleum can be valued conservatively at 900 million barrels x 20% net revenue interest to Pilgrim Petroleum x US$60 per barrel = $10.08 billion less $100 million net development cost = $US10.07 billion in potential assets if fully developed. Pilgrim common stock could be worth approximately: $US10.07 billion divided by 322,720,011 common shares = $33.15 per share.
Pilgrim Petroleum Corporation CEO Rafael Pinedo said: "With these projections in hand, our objectives as a firm are steadily being accomplished as well as our serious commitment to our nation's energy supply."
Safe Harbor" Statement under the Private Securities Litigation Reform Act: Statements in this news release may contain forward-looking information within the meaning of Section 27a of the U.S. Securities Act of 1993 and Section 21E of the Securities and Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements, other than statements of historical fact, are forward-looking statements that involve various risks and uncertainties, which may, individually or mutually, impact the matters described herein. There can be no assurance that such statements will prove to be accurate, and the actual results and future events could differ materially from those anticipated in such statements. The company assumes no obligation to update the information contained in this release. Readers should not place undue reliance on any forward-looking statements contained herein.
posted
I just bought in at .13 is this thing going to continue running or has it lost all its breadth???
Posts: 448 | From: New Jersey | Registered: Aug 2005
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posted
It will run EOD for sure. We are resting here. I like what it's done here so far. A little pullback will make the EOD run stronger and possibility of gap in the AM more likely.
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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posted
Just think folks...who would have thought that a pullback would consist of a 250% pullback...went from a 1089% gain to only a 809% gain.
Posts: 85 | From: San Antonio | Registered: Apr 2006
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posted
i suggest people to sell like 20% of there shares if they got in cheap so that they can ride free shares after that HOLD HOLD HOLD cause i think this one is going higher
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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posted
riding free shares! bought at .04 thanks agian superman i see you doubled your star rating today ..
Posts: 330 | From: oregon | Registered: Dec 2004
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posted
yeah captain that happens when u pick 1000% gains lol...but hoesntly this whole year has been good for me, my portfolio has went up by 10 fold these last few monthes so this is just some iceing on a cake that already tasted so good
-------------------- please dont trade stocks on my alerts, do your dd first. Posts: 5265 | From: Alberta | Registered: Jan 2006
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posted
Repo, I do have to say that strategy is exactly why most people think the stock market is crazy to be involved with. If you hold stocks like this and do not take any profit off you deserve to lose it all. I think it will go up too but damn if I sit here and watch folks lose their gains just as fast as you got them today. Hope you dont take this the wrong way...just need to smack some sense into your cause I dont want to read about you killing yourself for losing all that money.
Posts: 85 | From: San Antonio | Registered: Apr 2006
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posted
I haven't checked 'em, but financial filings seem to be good, according to chatter elsewhere...some peeps been following 'em and saw an upturn in the most recent filing. That's what's being said, anyway. As I say, have not looked myself...
posted
Superman - I know you don't eat steak but my offer still stands: Iowa Rib eye sweet corn watermelon and my wife will serve you topless. Not service you!!!! Serve you!
-------------------- Thanks Matto. Thanks Juice. Posts: 2945 | From: USA | Registered: Feb 2006
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posted
in at .105, I agree we will close at hood, question is, are we seeing gains tomorrow??? My guess is we will either surge forward again, or have a small selloff tomorrow and surge forward by EOW. I love the thrill of not knowing!
-------------------- Success is having the time and money to enjoy all of life's wonders... Posts: 2083 | Registered: Nov 2005
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