BioLargo is strongly positioned to become the world leader in water treatment for the oil and mining industries. Google - “Vimeo AOS Filter” to see short video clip that shows how AOS Filter technology works.
The AOS Filter is a new invention that is an electro-chemical reactor/filter that decontaminates “produced water” from oil sands production and “flowback” from fracking – ULTRA FAST and at ULTRA LOW COST never seen before.BioLargo symbol is BLGO. Six month Price target is $5
Sentiment: Strong Buy
You could be right, but if you look at a 2 year daily chart you will see pretty strong support at about the present level going back into the spring of 2013. Also, you have to remember that RRC is generally a channeling stock with periodic rises and falls. The normal rise and fall is about 20 points from top to bottom or bottom to top. This would suggest that RRC is about at the bottom of the channel and the next move will be up. Of course, your guess is as good as mine. That's what makes markets.
Chrxind, Excellent observation. The Bigfoot 9H flowing at 14 million per day. will produce 5 B's in one year huge-and as good as the Marcellus. Analysts haven't figured it out yet-but RRC has 400000 Utica shale acres with better rock and pressure-none of which is included in reserves. RRC has the additional advantages from the wet gas and the economics of drilling in locations where they already have infrastructure saving almost 1m per well. They'll figure it out after the well is announced, take advantage of the opportunity.
For those awaiting on our Washington Co. Utica well at year end, recommend reviewing RICE second Qtr. 2014 Investor Presentation, note slide 11 regarding Point Pleasant. This could bode well for our wells, in addition to RICE and CNX/NBL.
From the 90's to the mid 70's in a short amount of time seems a bit oversold to me. However, it will probably fall a bit further as the market corrects. I'll keep it for the longer term.
I just picked up a bit more at 74.75 just now. I had a bid in for 74.57 which would have hit about a minute after I made my purchase, but I got impatient and changed it to 74.75. Oh well.
Market Realist Inventory Numbers
Owing to high inventory numbers in the past weeks, natural gas prices had been trading at $3.7 million British thermal units (or MMBtu)—near an eight-month low—prior to the release of the report. However, after the announcement of a less-than-expected increase in natural gas stockpiles, natural gas prices increased to $3.85 MMBtu. This was the second week that storage numbers undershot analyst expectations.
Overall natural gas prices, however, still remain low compared to early July levels of $4.4 per MMBtu.
You could consider large increases in natural gas inventories—potentially leading to well-supplied markets by winter—a negative for natural gas producers like Chesapeake Energy (CHK), Devon Energy (DVN), Range Resources (RRC), and Quicksilver Resources (KWK). Most of these companies are components of the Energy Select Sector SPDR ETF (XLE).
The markets will be watching to see how natural gas inventories move through the summer ahead of the peak winter demand season. Inventory levels that remain below average come winter could prime natural gas prices for a rally.
From Benzinga today….. (You can do a google search on the below……………and boy would that be nice)
Hearing Unconfirmed Market Chatter Exxon May Offer $110/Share for Range Resources
You are right when you state that we must "look beyond the next quarter or two".
That is exactly what we old-timers have been doing all these years with RRC.
I believe price weakness is having it's effect on the whole sector now. There is
also the possibility that we may be moving into an overall market correction.