posted
hummm, good...just got back from meetings and found us eating green, however I expected it to be sitting at 18 - 20...MM's are really envolved with this one, they can't get caught a** backwards like last time!
-------------------- "Fear is the path to the Dark Side. Fear leads to anger; anger leads to hate; hate leads to suffering. I sense much fear in you." —Yoda
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posted
We should have been back to .20 buterjames but the MM's were taking us hostage all day. We should see nice gains next week and a pr will push us way north!
-------------------- Success is having the time and money to enjoy all of life's wonders...
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posted
PGPM - PILGRIM PETROLEUM CP (OTC) Date Open High Low Last Change Volume % Change 05/05/06 0.1300 0.1700 0.1000 0.1520 +0.0270 10393500 +21.60%
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 Hold
Short Term Indicators Average: 80% - Buy 20-Day Average Volume - 8457935
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 - 3486358
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 - 1913714
Overall Average: 96% - Buy
Price Support Pivot Point Resistance
0.1520 0.0707 0.1407 0.2107
Click on the indicator for a graphical interpretation of the result or visit the Learning Center for more information on the studies
-------------------- GOD BLESS AMERICA, THE UNION, AND ALL OF OUR VETERANS!!!!!!!
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He said the difference between PGPM and other comparable oil/gas companies is that they already have proven reserves. What they do is take properties from median and large oil companies, fix them, and get it producing again. They operate their own properties which increases their net revenues. They're looking to grow the company through proven reserves. They have 12000 acres of properties. They have no debt. They looking for cost-effective acquisitions that will take them to the next level.
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posted
check out Traders Nation website. At the top of the latest headlines section is Pilgrim Petroleum's second to last PR(stating 900 million barrels of oil, pps $33).
posted
I heard..."strategic alliances with other small producers"...then he mentioned they are going to be producing on about half of their property by next year at this time...
This company trading where it is, is simply a joke right now...the growth here is going to be huge!
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posted
GOOOD MORNING PGPM'ers!!!!! TODAY WE ARE GOING TO HAVE A SLIGHT RISE IN THE THE PPS, WHILE SOME POTENTIAL DOWN FALLS TO SAY .135, BUT ALL IN ALL IM GOING TO HAVE TO SAY TODAY IS GOING TO TURN OUT TO BE A BEAUTIFUL DAY AFTER ALL. SO, SIT BACK RELAX AND THROW YOUR MONEY IN PGPM TODAY AND WATCH IT GO PAST .20!!!!!! T-2 MINUTES TILL LIFT OFF. hahaha, wow i should be a paid pumper. if anyone knows of any job openings, hit me up. haha good luck eveyrone
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posted
Pilgrim Petroleum Corporation Announces Leases and Production Acquisition in North West Texas May 8, 2006 10:50:00 AM Copyright Business Wire 2006 IRVING, Texas--(BUSINESS WIRE)--May 8, 2006--
Pilgrim Petroleum Corporation (Pink Sheets:PGPM) announced today new acquisitions of approximately 25 wells in a marginal production area, including several hundred undeveloped acres located in Wichita County Texas. The acquisition includes processing equipment, acreage and existing production of approximately 25 bpd to 45 bpd. Pilgrim chose these target prospects based on proven reserves and drilling success of fellow exploration firms in same Basin Region. Pilgrim Petroleum's goal is to now focus on potential drill programs and development of the most promising lease properties in its portfolio. Today current oil price structure and its know-how and cost-effective technology will contribute to targeting new prospects with low level of risk and undiscovered recoverable and unrecoverable oil by traditional technology.
Pilgrim Petroleum Corporation CEO Rafael Pinedo said, "Future acquisitions in our target regions could give the resources necessary to build the dedicated team and to pursue further our portfolios of proven or semi-proven exploration targets all the while sustaining significant profitability without incurring additional debt."
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (Pink Sheets:PGPM). The company is acquiring oil and gas leases, producing properties, mineral rights and surface interests primary on marginal fields. Once acquired, the company intends to develop each property to maximize the income from each by refurbishing and improving the existing production.
Forward-Looking Statements: The statements which are not historical facts contained in this release are forward-looking statements that involve risks and uncertainties, including but not limited to, the effect of economic conditions, the impact of competition, the results of financing efforts, changes in consumers' preferences and trends. The words "estimate," "possible," and "seeking" and similar expressions identify forward-looking statements, which speak only to the date the statement was made. The Company undertakes no obligation to publicly update or revise any forward-looking statements, because of new information, future events, or otherwise. Future events and actual results may differ materially from those set forth herein, contemplated by, or underlying the forward looking statements.
2006 Pilgrim Petroleum Corporation. The information herein is subject to change without notice. Pilgrim Petroleum Corporation shall not be liable for technical or editorial errors or omissions contained herein.
Source: Pilgrim Petroleum Corporation
---------------------------------------------- Pilgrim Petroleum Corporation Investor Relations Eddie Monet 619-864-0166 emonet*americancapitalipo.com www.apetroleum.com
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