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Round three for me... Now give me more and run back up....
Posts: 132 | From: NC | Registered: Jun 2005
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liberty01
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posted
This has got to be worth alot. The merger company wants to get into oil fields. and with oil at 70-73 dollars a barrel you got to paying a pretty penny for these fields IMO
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liberty01
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With all the talk about drilling of the Florida Coast. This company is probably all over that. This was a hot topic yesterday on CNBC. It is a hot topic in the senate as well! watch this one
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If she makes .0131 or higher we have a huge gapper monday imo...This was good news...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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Your probably right...I like to see nice clean white candles ...hahahaha then no questions...IMO Good luck...
Posts: 2660 | From: Pennyland USA | Registered: Jun 2004
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We have ourselves a major gapper here Monday.. up only 40% with this great news... lots of room for more.
Posts: 2292 | Registered: Mar 2005
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Closed above 01 which is HUGE im not to swayed by the fact that it didnt make it back to intraday high. for that high was made from MoMo daytraders
That and i sold up there and bought back on the CHEAP!!LOL
Lets hope this thing hits more wires
Have a good weekend guys
-------------------- "Simplicity is the ultimate sophistication" Posts: 4005 | From: Shaolin | Registered: Oct 2005
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1. Arete wants to acquire participating interests in traditional oil and gas development projects, primarily of overlooked and by-passed reserves of oil and natural gas in the Western Hemisphere. It is also looking to purchase non-operating positions in producing fields with the possibility of additional in-field development. The Group is currently working with an expanding base of oil and gas prospect generators, independent energy developers and private and institutional investors.
2. Arete received a Letter of Intent with a $25K non-returnable deposit to acquire a Florida Oil and Gas company last week and filed their 10K. Florida is a hot topic in the oil and NG arena because Cuba will now be drilling off the Florida coast for China and Florida legislation is debating whether to start drilling.
3. With the filing of their 10K the E will come off within days making this an "E Play"
4. Anticipation of disclosure regarding the merger will give Arete a new base IMO.
5. Arete had already found a bottom at .004 and has been active the last few months because of alternative energy speculation. Good luck!
Posts: 2292 | Registered: Mar 2005
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liberty01
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posted
Good call doling, i think this has everything to do with drilling off of the florida coast. check my post a page back. Someone has to take advantage of that oil. Wait for another PR very soon and you will see imo.
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all the news is good here..only .009 and should bounce when the E comes off tomorrow I believe
Posts: 2292 | Registered: Mar 2005
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liberty01
unregistered
posted
Everyone is waiting to see what the offer is going to be!! With oil and gas being as high as they are, I fell the offer must be pretty hefty since you can make the money back with high commodities prices - plus its the hottest market - and it at the center of the media attention!! jmho
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