posted
freeing up some cash in the morning to up my position. Look at the 1 year chart for CanWest Petroleum Corp (OTC CWPC). It started out just like NDOL and PGPM, it's now trading close to $7. Just some food for thought
-------------------- Success is having the time and money to enjoy all of life's wonders...
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posted
Right. Nothing wrong with locking in profits, and then buying in again on a dip. Don't feel guilty!
More potential info.:
I just spoke to the IR guy for PGPM myself and got the same info. Float is about 80 million and the CEO was in long beach buying some equipment from the chinese. He said the price has been droping because the company had been selling shares to raise money. He also said they have connections to major oil companies and the wells are owned by the majors but managed my Pilgram. That is why the 20% factor. In most cases the Majors leave the equipment behind and Pilgram uses it rather than have to buy new. They have technology that makes it cost effective for them to pump when a well only produces 10 to 15 barrels per day, the majors want about 100 per day to be cost effective. This is their niche.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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posted
Well, I bought in at .013 today, sold at .12, bought in again at .10, sold at .10.
Technically, I can't see it gapping huge up early in the AM... probably a selloff first, then maybe a turnaround. I will be buying again whenever a true base is established. Gaps always get filled usually, so I figure it will open up, then drop throughout the day, OR open down and trend up a litte. That's when you buy for the long haul.
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM!
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quote:Originally posted by Repoman75: Gaps always get filled usually, so I figure it will open up, then drop throughout the day, OR open down and trend up a litte. That's when you buy for the long haul. [/QB]
Exactly
-------------------- Success is having the time and money to enjoy all of life's wonders...
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PGPM - PILGRIM PETROLEUM CP (OTC) Date Open High Low Last Change Volume % Change 05/01/06 0.0061 0.1350 0.0061 0.1000 +0.0890 75024992 +809.09%
Composite Indicator Trend Spotter TM Buy
Short Term Indicators 7 Day Average Directional Indicator Buy 10 - 8 Day Moving Average Hilo Channel Buy 20 Day Moving Average vs Price Buy 20 - 50 Day MACD Oscillator Buy 20 Day Bollinger Bands Buy
Short Term Indicators Average: 100% - Buy 20-Day Average Volume - 3936035
Medium Term Indicators 40 Day Commodity Channel Index Buy 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Buy
Medium Term Indicators Average: 100% - Buy 50-Day Average Volume - 1701548
Long Term Indicators 60 Day Commodity Channel Index Buy 100 Day Moving Average vs Price Buy 50 - 100 Day MACD Oscillator Buy
Long Term Indicators Average: 100% - Buy 100-Day Average Volume - 1013367
Just listened to the talk by the CEO pasted above in one of the links... was not that bad.. since he had mentioned that we could actually verify the pilgrim properties on texas railroad corporation website..i did go there and type pilgrim and feel little better about buying the stock and trust in its future movement. the CEO said 50% active by next year, which can be price around $15 atleast, and this shall move theprice close to $0.5 over the summer.. so am holding this for little long.
I shall paste my DD of what I have found about Pilgrim on texas railroad commision website.. i am assuming there is only one pilgrim .. please verify and cross verify the info rather than taking it at face value.
OIL AND GAS PRORATION SCHEDULE LISTED BY GATHERER APRIL 2006 UPDATED THRU 3/27/2006 NOTE: MONTHLY CASINGHEAD GAS LIMIT (MCF) APPEARS BESIDE WORD -GAS-.
PILGRIM (AUSTIN CHALK) FIELD NUMBER-71486100 CADDO ENERGY CO., INC. 13424 187 0 0 0 0 0 R & S OIL PRODUCTION CO. 13405 90 392 434 420 14 0 WILSON, BILLY R. 10315 152 0 0 0 0 0
PILGRIM (AUSTIN CHALK) FIELD NUMBER-71486100 J.W. SERVICE COMPANY 13419 30 0 0 0 0 0 J.W. SERVICE COMPANY 13450 44 0 0 0 0 0
PILGRIM (CONGLOMERATE) FLD NO. 71492200 NS HERRING, RAY 114804 PILGRIM 150N 3000N 2250 0 MCINTIRE, W. A. 115121 MCINTIRE-FAMBRO 90N 3000N 1200 0 FIELD TOTAL MONTHLY DELIVERABILITY 3450
PILGRIM (AUSTIN CHALK) FIELD NUMBER-71486100 WILSON, BILLY R. 13085 -GAS- 34200 XOG OPERATING LLC 12057 -GAS- 9480
PILGRIM (AUSTIN CHALK) FIELD NUMBER-71486100 CONCORD ENERGY, INC. 12929 94 0 0 0 0 0
and quiet a few more.. bottom line, they are for real and I have no experience in gauging oil reserves .. all I can do is verify authencity in statements that they make which I have by going throguh the railroad texas website and finding out that they have atleast 5-6 wells in queue. so that is good enough for short term while I know expertswill pry over this information and do extensive DD to really estimate this things value..till then, I'm on hold..GLTA!
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posted
Im always nervous to get in a stock thats gone up so much in a day...then Im fairly new. You guys in here think it's a good buy still sometime tomorrow after possible selloff, or should I go with NDOL (cause its still waiting for its news), or anyone like PBLS, (it's the lowest price of all 3 with news coming sometime this week)?
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