posted
I've bought PGPM at 0.07.. sold some at 0.11.. free money.... I'll put that free money to ECTA.. make more...lol
Posts: 2102 | From: Dayton, Ohio | Registered: Feb 2006
| IP: Logged |
posted
Next week could be VERY interesting! Either way, I have a feeling in my left nut that PGPM is grossly undervalued! They are moving rapidly, which HINTS at confidence in what they have and are doing.
Posts: 58 | From: San Diego | Registered: May 2006
| IP: Logged |
posted
Im from the town where all the wells are. I visit there very regularly, and all my friends dads are very heavy in oil, around town. Will be visting next week and asking around about the wells and the company.
-------------------- Sometimes I just want a NORMAL life? Posts: 652 | From: 90210 | Registered: May 2005
| IP: Logged |
posted
Thats funny...my right nut has been telling me the same thing...
quote:Originally posted by SanDiego_Joe: Next week could be VERY interesting! Either way, I have a feeling in my left nut that PGPM is grossly undervalued! They are moving rapidly, which HINTS at confidence in what they have and are doing.
posted
seems like it will be down again.......this is like a plastic blow up doll with a pin hole in it's cornhole.........just can't stay inflated.
Posts: 58 | From: San Diego | Registered: May 2006
| IP: Logged |
Here is one more thing to chew on. The first run took the MM's by surprise. I haven't looked at any charts, but I will guess that before that run, this stock just sat around with low volume. That day, the MM's were caught off guard, with no shares in inveentory, and therefore, had to let it run to keep an orderly market.
Now that PGPM is in play, I guarantee they have loaded up, and will be able to start or stop any rally. Therefore, the real question is, even if the new eval is $100 / share, will the MM's let it run???
-------------------- Stick with Repo's plan in '07 - FRPT/DKAM! Posts: 6379 | From: PA | Registered: Dec 2004
| IP: Logged |
posted
Sure thet will let it run...like you said...mm's have loaded up here and they are NOT selling any of their inventory at these levels. So yes they will let it run...it's just a matter of when. I think sooner than later...
quote:Originally posted by Repoman75: Well said Joe.
Here is one more thing to chew on. The first run took the MM's by surprise. I haven't looked at any charts, but I will guess that before that run, this stock just sat around with low volume. That day, the MM's were caught off guard, with no shares in inveentory, and therefore, had to let it run to keep an orderly market.
Now that PGPM is in play, I guarantee they have loaded up, and will be able to start or stop any rally. Therefore, the real question is, even if the new eval is $100 / share, will the MM's let it run???
-------------------- ***********************
It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
| IP: Logged |
posted
Pilgrim Petroleum Announces a Contract with Gustavson Associates for Reserve Evaluation
IRVING, Texas, May 19, 2006 (BUSINESS WIRE) -- Pilgrim Petroleum (Pink Sheets:PGPM) is pleased to announce a contract with Gustavson Associates providing reserve evaluation estimates for Pilgrim Petroleum Corporation. Gustavson Associates has a 25-year track record of quality consulting to industry and governments worldwide. For more information, check www.gustavson.com. Gustavson will deliver an express opinion in the next few days about all our properties located in North Texas. This will define a more sustainable valuation of our company, an accurate target price for analysts and a very important step for our accounting audit required for our filing with SEC. It is anticipated that they will deliver the results of this opinion by the middle of next week. About Pilgrim Petroleum Corporation.
Headquartered in Irving, Texas, Pilgrim Petroleum Corporation is a publicly traded company (Pink Sheets:PGPM). Pilgrim Petroleum Corporation is an independent oil and gas company. 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 redevelop each property to maximize the income from each property 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
CONTACT: Pilgrim Petroleum Corporation, Irving Eddie Monet, 619-864-0166 www.apetroleum.com
Copyright Business Wire 2006
-0-
KEYWORD: United States North America Texas INDUSTRY KEYWORD: Energy Oil/Gas Other Energy Natural Resources Other Natural Resources Professional Services Accounting Consulting SUBJECT CODE: Contract/Agreement
-------------------- One wrong move and you're eatin bag-nasties just to survive! Yahoo Messenger: Jason52907 Posts: 707 | From: midwest | Registered: Mar 2006
| IP: Logged |
posted
it is interesting....but something that has been discussed to death already this morning when it first came out. Thanks for the re-post! Some peopel get here late and it's good to keep everyone up to date.
Posts: 58 | From: San Diego | Registered: May 2006
| IP: Logged |
posted
New to this one. Does anyone think Gustavson will confirm the 900 million reserve estimate the company came up with? I just want to do some scenario analysis?
1. What do you think would happen the price of the stock if they confirm the 900 million reseve?
2. What will happen to the price if they come up with 500 million reserve?
3. Finally, the worst case scenario, what will happen if they come up with less than 1M reserve?
posted
"Gapping" means the stock is opening at a different level than it closed at the day before, either up or down depending on whether there's a lot of buyers that really want in or a lot of sellers that really want out.
Posts: 59 | Registered: May 2006
| IP: Logged |
posted
what a boring open.. not just this, everything else pretty much.. geez.. is everyone still asleep?
Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
| IP: Logged |
posted
i guess a lot of guys are still curious of the possible PR news about the reserve evaluation. the impact is of uncertain since no one really knows whether the evaluation really will confirm the reserve as much as that release last month. if so, the PPS will be huge. otherwise, things would be more interesting.
Posts: 221 | From: kentucky | Registered: Apr 2006
| IP: Logged |
posted
just noticed something from my Ameritrade account. Bid is 0.0085, ask 0.01. so strange. B/A size 10000*100. looks like somebody is playing around.
Posts: 221 | From: kentucky | Registered: Apr 2006
| IP: Logged |
posted
I love to see NITE still standing on this.....gives me faith that everyone (including the MM's) is anxiously awaiting the survey findings on this. I've got my holdings up to where I want them.....150,000 shares at 0.0678 PPS average. After making close to $11K on the first run at the beginning of the month, I've positioned myself for a free ride when the oil hits the fan..................
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
![[Wink]](wink.gif)
im just waitin, itll be back down to 8...
![[Smile]](smile.gif)
