posted
Give me one good reason to post a prediction....I have been here a long time and have yet to see ANYONE make accurate predictions...What are your predictions going to do for anybody here?
quote:Originally posted by GhostRM: Ok, so we should not make predictions? Is that Allstocks policy? No predictions, no DD, just name calling and useless banter? What a site!
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It's all in the timing... Posts: 4303 | From: DSA | Registered: Dec 2003
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posted
The prediction was part of my analysis. I'm giving my side of this story.
I guess you're one of the "investors" burned by PGPM. Sorry for your losses, and your family's as well.
Posts: 136 | Registered: May 2006
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posted
i had a feeling this was gonna happen......(just kidding guys)
-------------------- ...i am still up thirty thousand from last time I stick it in you... - john malkavich "rounders" Posts: 98 | Registered: Apr 2006
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IRVING, Texas, May 31, 2006 (BUSINESS WIRE) -- Pilgrim Petroleum Corporation (Pink Sheets:PGPM) announced today financial analysis and considerations on the profitability of developing the 4 million BOE by spreading the exploitation of 4 million barrels with an average of $65 per barrel of oil in 4 years. Based on these Gustavson's report assumptions and NPV analysis we have the following:
With the assumption of an initial investment of $10 million and potential cash inflows of $65 million (assuming 1 million BOE per year at $65 oil price) then our PV at a discount rate of 10% would be $206,043,500, meaning a positive NPV of $196,037,000.
(Initial Investment = $10,000,000) Inflows = $65,000,000 r = 10% --- (Factor of 3.1699) n = 4 years PV = $206,043,500 NPV = $196,037,000
A complete economic report and company valuation is on progress, based on the above analysis and will be part of the audit required for our SEC filing.
Rafael Pinedo, CEO of Pilgrim Petroleum Corporation, commented, "These additional inflows will definitely make a direct impact in the fair value of the company and should bring the value of our stock up considerably, without considering variables like oil prices, new acquisitions and partnerships, etc."
About Pilgrim Petroleum Corporation
Headquartered in Irving, Texas, 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.
-------------------- ...i am still up thirty thousand from last time I stick it in you... - john malkavich "rounders" Posts: 98 | Registered: Apr 2006
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At least this PR shows that my math skills are ok
The Gustafson report used an estimate of $10/barrel. Anyone know why they'd do that? If they had used $50/barrel and set an approximate share price of .45/share, would there have been the mass sell-off from this morning?
My guess is that it would have been greatly dampened.
I guess we'll never know.
quote:Originally posted by PCola77: Again, correct me if I'm wrong, but I'm seeing $40million for the market value of the oil, - $10 costs = $30million. Divided by 322720011 common shares is 9.3 cents.
Now one thing that's confusing me is the fact that they put the market value of 4million barrels of oil at $40million which would be $10 a barrel. If you say the upper end is $70/barrel it puts the price per share range at .09-.63 or so. A far cry from $33 a share, so you won't see a huge price run like earlier, but it *shouldn't* completely tank, either.
We'll see.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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Sorry to sound dumb but how many outstanding shares are there? I've heard from 300 million to 1 billion.
Posts: 192 | Registered: May 2006
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I think Nite (100x bid .085 and 100x ask .095) moved both bid and ask up a few ticks. He's the one that twalked it right down this morning. Maybe he'll cut us a break and bring it back up a bit.
Posts: 5508 | From: Southeastern PA | Registered: Jan 2006
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-------------------- ...i am still up thirty thousand from last time I stick it in you... - john malkavich "rounders" Posts: 98 | Registered: Apr 2006
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well, i guess this won't soak in until tomorrow.. and i hope this morning's damage didn't scare too many ppl away.. man, i still don't know why they did that.. it didn't look like enough buys this morning to be a buying scheme..
-------------------- lostone Posts: 2666 | From: san jose,ca usa | Registered: Sep 2002
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what happened with the 33dollar per share value... now i read 60 cents..mhmh am i missing something here
Posts: 1065 | From: switzerland | Registered: Mar 2005
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PGPM - PILGRIM PETROLEUM CP (OTC) Date Open High Low Last Change Volume % Change 05/31/06 0.1400 0.1400 0.0115 0.0890 -0.0520 9938484 -36.88%
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 - 7848195
Medium Term Indicators 40 Day Commodity Channel Index Hold 50 Day Moving Average vs Price Buy 20 - 100 Day MACD Oscillator Buy 50 Day Parabolic Time/Price Sell
Medium Term Indicators Average: 25% - Buy 50-Day Average Volume - 4723466
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 - 2562842
Overall Average: 72% - Buy
Price Support Pivot Point Resistance
0.1410 0.1270 0.1420 0.1570
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!!!!!!! Posts: 464 | From: ILLINOIS | Registered: Feb 2006
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posted
This is sort of a general observation, but why do people think that stock valuation should be in-line with their assets?
If stock price correlated with assets then Ford Motor Company should be trading at $140/share, instead of the $7/share that it does. Ford's market cap is less than it's cash-on-hand. If it was a micro-cap with that same predicament you guys would be freaking out about how it was due for a 2000% gain because it was so undervalued. But Ford's not gonna move anytime soon.
Likewise, if stock price correlated with assets then Google should be trading at $37/share instead of $370/share.
Posts: 59 | Registered: May 2006
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posted
lol ok but do you guys think it can go up to 20 cents again? and that 60 cents is that based on proven reserves or probable reserves?
Posts: 1065 | From: switzerland | Registered: Mar 2005
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