I was never buying based on earnings reports,whether the winter was going to be warm or cold. I was buying that with higher NG prices, the pay off would have been good, I ignored all the debt, not thinking prices could ever get so low.
But, I always had a niggling feeling something else was going on. having the volume drop off so dramatically, is just another confusing point. It did not drop when it went out of the S and P 400 or at the sale point...som thing else happened.
We're in the shoulder season for natural gas, prices for the commodity are falling and to buy PQ now you have to have a conviction for December. I have a "hope" but not yet a "conviction." JMHO
It is shocking what happened to the volume in PQ. This just goes to show how little I really new about what was going on with this stock. There are the fundamental economics, presentations, reports etc, that I studied closely. Then there is something else. How does the volume drop to 1/10th of what it was? Now that the shorts are gone, what is going to happen?
Credit availability drops from 70 to 55.
It says the credit line is still zero. So I assume that they are eating into the 120 Million, it is hard to believe that they could have made money in July and August.
At least we're not in the Marcellus and getting $0.95 at the wellhead. I'm hoping we're getting $2.00 at the wellhead in S. LA and the CV for the unhedged but we shall see when we get an update from Goodson. I hope he'll present to the IPAA in SF in early October. GLTA
BioLargo (BLGO) just announced that researchers conducted a confidential technical symposium August 17th at its laboratory on the University of Alberta campus in Edmonton Canada. Over 30 individuals representing a wide range of interested stakeholder groups including science, research, academia, industry, engineering, federal and provincial funding agencies, investment professionals and a leading global philanthropic organization attended. BioLargo scientists presented results of experiments and studies validating the company's technical claims that the AOS Filter is less than 1/20th the cost of the nearest technical competitor, at greater than 100 times the efficacy (disinfection), and more than 10 times faster. Researchers presented confirmation of more than 100 studies replicating these findings, demonstrating the AOS Filter's important role and high value in just about every segment of the global water industry estimated at $350 billion annually.
Independent researchers refer to the AOS Filters disinfection rates of performance as "unprecedented". The AOS Filter combines iodine, water filter materials and electrolysis within a flow-through water filter device, generating extremely high oxidation that eliminates soluble organic contaminants that are commonly found in many types of contaminated water. Studies prove extremely high rates of disinfection, eliminating infectious biological pathogens likeSalmonella, Listeria and E.coli in water.
This amazing AOS Filter technology is ready for commercialization and the company is ready to soar right now. Read the press release.
Put shares in your portfolio before they are $5.00 and then $10.00 and then $20.00. This could be one of the biggest winners to come along in a long time.
Sentiment: Strong Buy
I have desperately wanted to get my money back here. I added and added on the way down. I have been very close to going back in....
Given the conclusion that energy prices aren't going back up any time soon, and that sooner or later E & P companies are going to start going bankrupt, not merging, bankrupt. I make two further analysis's:
1. No one is going to buy PQ. Its book value is negative. There are no strong companies around that are going to want to buy PQ and take on that debt. If some one does want Cotton Valley or the Gulf Coast wells. They will be waiting to see if PQ, goes bankrupt first, so that they can get the properties without the debt. Every E & P company better be worried about surviving.
2. When they sold Arkoma, they said they were going to refinance in Sept. Now they are saying they are waiting until they can get a better deal and aren't in a hurry? They are loosing 20 million for real every quarter. That is enough cash to last 6 quarters. Then the note is due and they are out of cash. They better hurry. Cause if they dont all they are going to have to explain is why they are out of business.
A block seller of 49.2K shares on the close got hammered for $1.15. The retail bid was $1.18 at the time and I'd say the specialist did a pretty good job protecting us from real carnage.