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1st NRG Corp. Message Board

cropduster08 14 posts  |  Last Activity: Jul 11, 2016 9:46 PM Member since: Feb 7, 2006
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  • Reply to

    7/1 press release

    by jetsk85 Jul 4, 2016 11:09 PM
    cropduster08 cropduster08 Jul 11, 2016 9:46 PM Flag

    Canacol (CNNEF) may be a profitable company in 2018 and it is probably a safer play than HUSA, but Canacol just happens to be one of the three companies that own an interest in Serrania. Hupecol owns 50% and is the operator, Canacol owns 37.5%, and HUSA has 12.5%. Last time I checked, Serrania is listed on Canacol's website as one of their properties, but they make no mention of it in guidance or operational reports as being on the drilling schedule. Maybe that has changed, as it has been a while since I looked at them. In any event, they are a Canadian company which is listed both on an American exchange and a Canadian exchange.

    My guess is that if Serrania is actually drilled, the potential upside is much greater for HUSA, percentage-wise, than it is for Canacol, as far as the share price is concerned. Canacol is a pretty big company and has a lot of other stuff going on.

    My gut tells me you might see a double or triple for Canacol in 2018 as a Colombia play, whereas HUSA might see $1 or higher if Serrania is drilled, and probably more if production is good. Just my opinion based on a little research over the past couple of years.

    Cropduster

    Sentiment: Strong Buy

  • Reply to

    7/1 press release

    by jetsk85 Jul 4, 2016 11:09 PM
    cropduster08 cropduster08 Jul 5, 2016 12:24 AM Flag

    I didn't take the timing of the press release as sneaky. The agreement with Tamboran was terminated as of June 30th and the press release was issued the very next day, July 1st. We'll see what happens to the share price tomorrow. My guess is that this will be taken as a positive, but who knows.

    Plus, HUSA re-emphasized that it is actively looking for an "accretive" M&A.

    "...reallocation of funds earmarked for that investment is expected to enhance our ongoing pursuit of opportunities offering more immediate potential for creation of shareholder value. As previously announced, we are actively engaged in searching for accretive corporate or asset acquisition opportunities or merger candidates..."

    I think HUSA has been losing a penny or two on average in earnings quarterly for the past several years. My guess is that an accretive M&A will push up earnings into positive territory almost immediately. This should be good for the share price as we wait for Serrania to eventually come in. As we have discussed before, I think HUSA is going to buy assets to expand its domestic program or maybe do a domestic merger of some kind.

    Cropduster

    Sentiment: Strong Buy

  • Reply to

    Stock should be 30 cents minimum on FARC news

    by timtuttle44 Jun 28, 2016 10:54 AM
    cropduster08 cropduster08 Jun 29, 2016 10:23 AM Flag

    I really don't think 23 cents or 30 cents is irrelevant. Not everyone can afford 100,000 shares. In any event, 23 cents to 30 cents is a 30% gain, which could be significant to someone who got in at 23 cents, for example. Plus, it shows that the market is gaining confidence in HUSA, especially since it has been trading in a range mostly around this level for years now.

    And HUSA does have a defined plan for the future. It is very simple. Do an accretive M&A now which capitalizes on HUSA's current strengths, like no debt and a $50 million tax loss carry forward, and then wait for drilling in Serrania and/or Australia. The Australian deal is apparently still up in the air and Serrania is still waiting for a permit from the government, which is now likely since a peace deal with the FARC has been signed.

    Keep in mind that HUSA has until September 19th to get its act together, according to the NYSE, which says that it must get the share price up or face a possible reverse split. So this gives us a window of between now and the middle of September to see an M&A of some kind, in my opinion, or to see movement in Serrania. The M&A will create positive earnings and keep the lights. Serrania will blow the doors off the share price. Just my take, but I have been watching HUSA carefully for a number of years now.

    Good luck,

    Cropduster

    Sentiment: Strong Buy

  • Anyone who has been keeping up with HUSA will understand that the signing of this agreement will make it more likely, not less, that Hupecol will eventually get its permit to drill in Serrania. Maybe the people of Colombia and the FARC are going to be able to choose peace and prosperity over conflict and destruction.

    "Posted: Jun 23, 2016 1:22 PM CST
    Updated: Jun 23, 2016 1:52 PM CST
    By Patrick Oppmann CNN

    HAVANA, Cuba (CNN) -- Colombia's government and FARC rebels signed a ceasefire agreement Thursday that could end five decades of bloody conflict while negotiators work to reach a final peace deal.

    The signing took place in Havana, where the two sides have been negotiating since November 2012 to end the civil war that has killed or displaced hundreds of thousands of people.

    The agreement was signed by Colombian President Juan Manuel Santos and Timoleon "Timochenko" Jimenez, top commander for the FARC, the Spanish acronym for the Revolutionary Armed Forces of Colombia.

    While a groundbreaking deal between the government and the FARC, the agreement does not include other guerrilla and paramilitary groups.

    The longest-running insurgency in the Western Hemisphere, the FARC sought to emulate the Cuban revolution and install a Marxist-style government in Colombia. Critics accuse the rebels of engaging in drug trafficking and kidnapping to finance their guerrilla war.

    Billions of dollars in U.S. counterinsurgency aid has helped the Colombian government turn the tide against the FARC, which suffered as top commanders were killed and thousands of foot soldiers abandoned the insurgency.

    At the beginning of peace talks, FARC rebels proposed a bilateral ceasefire, but Colombian government officials resisted the overture, saying the guerrillas had used previous ceasefires as an opportunity to take over large swaths of the countryside.

    Santos said Monday that he expected the final peace deal to be reached by July 20..."

    Things sometimes get better...

    Cropduster

    Sentiment: Strong Buy

  • Reply to

    Looks like .18 is the next support, target.

    by tybkatz Jun 22, 2016 11:34 AM
    cropduster08 cropduster08 Jun 23, 2016 1:29 PM Flag

    Katz, your name reminds me of a guy I used to know in the army while stationed in Germany 40 plus years ago named Katzenberg. Were you by any slim chance at Sullivan Barracks in Mannheim circa 1973?

    Anyway, it is obvious you are short HUSA, but, more importantly, you seem to be misinformed. Maybe it is because you haven't been following HUSA for years like some of us.

    First, Colombia is not dead. Far from it. The drilling permit is being reconsidered by the government while a new environmental impact study is being conducted, with a focus on the questions some of the locals and environmental groups had. So to make a long story short, Serrania will eventually get drilled, mainly because the government needs the revenue.

    Plus, you didn't even mention the venture in Australia. This may or may not happen. If it does not, it will free up $1 million that HUSA has set aside for buying 12.5% of the Australian company Tamboran Resources.

    So you say cash on hand is the real worth of HUSA, even though it is debt free and has producing and non-producing assets, plus a revenue stream and a $50 million tax loss carry forward? Never mind the fact that it is getting ready to do an accretive M&A. HUSA is without a doubt worth much more than cash on hand.

    Short if you want to, but I suggest you thoroughly research the company first. Actually, we have already done the research for you on this board. All you have to do is go back and read the comments from the last few months.

    Cropduster

    Sentiment: Strong Buy

  • Reply to

    Crop

    by chenheyan9 Jun 14, 2016 2:56 PM
    cropduster08 cropduster08 Jun 23, 2016 12:59 PM Flag

    Chen, welcome back to the board. Glad to hear that you did well with Bitcoin. I know that was a favorite of Tim's also.

    You asked if I think HUSA is still a good choice. Yes, I do, as long as you understand what you are dealing with here. It is basically a penny stock now and has been for some years. But it has no debt, producing assets and non-producing assets, revenue, and an experienced management team. It could go lower or even disappear, but in my opinion, that is unlikely. The most likely path for the stock is up, especially since it has just hired the Drexel Hamilton brokerage firm out of New York to make a merger and/or acquisition happen. HUSA will do this while it waits for Serrania or Australia to pop one of these days, months, or years.

    The timing of hiring Drexel Hamilton for M&A is interesting in that the NYSE has given HUSA until September 19th to get the share price going up in a significant way, in other words, to get its act together. Otherwise, the NYSE will expect a reverse split in order to stay listed. Considering the fact that Mr. Terwilliger has 10 million shares, somehow I just don't see him wanting to go with a reverse split. Even though the value would be the same, he might only have 1 million shares instead of 10 million. If I were in his shoes I think I would like to keep my 10 million shares and instead do something to get the share price to rise.

    So I think that gives us a window of between now and September 19th to see something happen on the M&A front. In my mind, this is why we are now seeing increased volume with the average daily number of shares being traded going from less than 100,000 to now over 600,000.

    In a way, I think everyone is getting a little worn out with following HUSA. I know I am. I will relish some action, which hopefully we will get in the next two months.

    Another point is that an M&A will likely be dilutive and accretive at the same time. So be ready.

    Good luck,

    Cropduster

    Sentiment: Strong Buy

  • Reply to

    Hey Cropduster

    by mitchell.putz Jun 10, 2016 12:49 PM
    cropduster08 cropduster08 Jun 23, 2016 12:32 PM Flag

    Hey Mitchell. I've been out of pocket (on purpose) for the last couple of weeks and am just now getting to respond to your message. I've been hitting it pretty hard with my business lately, with good results. I'm looking at retiring (again) at the end of this year and basically starting a third career. I'll start another company, incorporate, and then bang away at it for another 20 years. I need something to do that I'm interested in between the ages of 62 and 82 :) But that's another subject.

    I'm impressed that you were able to sell at .32, and I'll be even more impressed if you are able to buy back in in the low .20's. I have tried that before, but it never seemed to work out for me. One technique that seems to work, without risking your entire investment in HUSA, is to designate a certain percentage of your holding for trading to get more shares, like say 25%. The problem with trying to sell high and buy back lower, time after time, is that on one of these bumps it is likely to keep going higher, without any opportunity to buy back at a lower point. That would be my luck. I'd sell all and hope to buy back later, but then it would keep going and I would have missed the big surge that will make everyone a lot of money (except me, since I sold).

    So good luck and I hope you make all your money back on HUSA and a good profit to boot.

    Cropduster

    Sentiment: Strong Buy

  • Reply to

    How is this good news?

    by timtuttle44 Jun 7, 2016 10:13 AM
    cropduster08 cropduster08 Jun 8, 2016 11:30 PM Flag

    Tim, you are more credible when you do not let politics cloud your judgement. I won't respond in kind as this is a HUSA message board.

    But will comment on a couple of things you said. Stocks go up and stocks go down. Five or six million shares traded on a particular day for a stock with 52 million shares outstanding does not mean it was set up by a professional, as you said, even though it could be. So what if it was? Buying and selling stocks to make a profit is not illegal. It is done everyday. What do you think hedge funds do? So what if it goes up 100% in one day? It might have gone up even more than that if the market maker had not gained control of the share price. I'm not sure you know as much about trading as you would have us think.

    So I have zero idea what is going on here? Actually, it may be you who has zero idea. The share price is moved every day by the market maker and by others who buy and sell. But, like I said before, it doesn't have to cross the line into illegal manipulation. Plus, when I have no proof, I'm not going to sit around and accuse folks I don't even know of doing something illegal.

    And yes, I have predicted $2 or $3 or higher in the past, but it was just a prediction. Having said that, I documented why I said that and I still believe it is possible, especially if HUSA ever drills Serrania.

    Why should I fess up to hoodwinking anybody? To make you feel better about your losses? I don't think so. I have been honest from the beginning and I will continue to be that way. So you think I work for HUSA in some nutty capacity? Why would you say that? I don't work for HUSA in any capacity. Is that clear enough for you?

    And yes, HUSA is a normal stock that gets played from time to time. It is all about what the company is worth today and what it will be worth in the future. Call that BS if you want to, but it just exposes your biases.

    Anyway, Tim, fun back and forth. Nothing serious. But I can defend myself :)

    C

    Sentiment: Strong Buy

  • Reply to

    How is this good news?

    by timtuttle44 Jun 7, 2016 10:13 AM
    cropduster08 cropduster08 Jun 7, 2016 6:08 PM Flag

    Hey Doorsheim. I couldn't make the shareholders meeting today as I am up in Arkansas taking care of business. Tried to get the wife to go by herself, but she declined. In any event, we'll try to make it next year. The only ones I know that might have gone are AW and Mitchell. Maybe one or both of them can give us a summary. It would be appreciated.

    Concerning the trading that everyone seems to be so concerned about, to me it amounts to nothing out of the ordinary and is just a big yawn, maybe because I have seen this type of thing before. Folks buy and folks sell because they think they can make money. That is why we have a stock market. It doesn't have to be illegal and probably isn't. Actually, I like it because it shows interest in the company is now starting to come back. As far as Mr. Terwilliger selling, that is highly unlikely at this level. In any event, selling causes downward pressure on a stock, not upward pressure, and we are on an uptrend at the moment. My take is that the SEC is not watching and probably doesn't really want to spend its limited resources on dealing again with HUSA.

    I liked your analysis of how the delisting update will affect HUSA. Interesting that the NYSE received and approved of HUSA's plan to get its act together. I noticed that Halcon also got a delisting notice last week and they have 6 months to get their share price up above $1.00. They responded to the NYSE that they plan to do a restructuring and pre-packaged chapter 11, which should solve the problem. Aside from size, the main diffference between HUSA and Halcon is that HUSA is debt free and Halcon is loaded up with debt. That is why HUSA can do an M&A to solve its problem and Halcon cannot, in my opinion.

    In my Dynegy days, the share price went from 49 cents in 2002 to $10.95 by 2007 and I was there for the entire ride, so I have been down this trail before. The key will be to bail when the time is right. I think we are far from that time.

    C.

    Sentiment: Strong Buy

  • Reply to

    shock and awe

    by mcintoshe21 May 22, 2016 7:28 AM
    cropduster08 cropduster08 May 29, 2016 3:28 PM Flag

    Mac, you got a smile from me when you said you are on the world's most famous beach. Let me Guess. Waikiki Beach in Honolulu? Our favorite place to vacation. We usually stay at the Hale Koa, which is the military hotel. That is also where the best part of the beach is located. We also stayed at the Sheraton Waikiki one time, but actually prefer an ocean view room at the Hale Koa. Hope you have a great time. Make sure you take a tour of the Big Mo (battleship), where Japan surrendered to the United States while the ship was in Tokyo Bay. Plus the Arizona Memorial is a must see. Don't miss it.

    Like I said before, I don't see any need to investigate anything. If you look at HUSA's five year trading history, you will find comparable swings on at least half a dozen occasions. I may list them later if I get the chance. Why is it so hard to believe that a stock like HUSA traded 5 million shares on one day, doubled in price, and then retrenched? It has happened before with HUSA, as I mentioned, and will likely happen again. In fact, HUSA has warned before about this type of thing. There may be no new news, but someone may be acting on older news or even what they read on this board. Someone obviously thinks there is money to be made.

    Plus, keep in mind that share price is actually all about future potential for a company and not what it is worth today. So if the share price is going up, it is because investors think the company will be worth more later, based on the speculative news you are talking about. Granted Serrania can be viewed as a negative, must an accretive M&A could end up being an even bigger positive. It is all about what might happen, in addition to what is happening.

    Yes, I was in the army during the Vietnam "era," but not actually in Vietnam, however I was in Europe for over 5 years and in Korea for over 5 years. Concerning my business, suffice it to say that I own my own business now and so far it is profitable.

    Aloha,

    C.

    Sentiment: Strong Buy

  • Reply to

    shock and awe

    by mcintoshe21 May 22, 2016 7:28 AM
    cropduster08 cropduster08 May 28, 2016 9:20 PM Flag

    For those that missed it, here is a paragraph from HUSA's last press release. It pretty much sums up what is going on and confirms some of the ideas we have been talking about with regard to an acquisition or merger of some sort.

    "Chief Executive Officer Mr. John Boylan commented, "Given the uncertainty as to timing and ultimate outcome of our current initiatives in Colombia, and delays in the consummation of our planned in investment in Australian operator Tamboran Resources, management has determined that we should consider alternative strategies to build value for our stockholders including seeking an acquisition of significant oil and gas assets or a merger partner." Mr. Boylan continued, "To that end, we have retained a business development advisor and have commenced discussions with several entities to assist us in identifying strategic transactions. We believe that our simple capital structure with no debt makes our stock an attractive currency to acquire oil and gas assets or established operators seeking access to public capital markets."

    Notice he said he wants to build shareholder value by seeking an acquisition of significant oil and gas assets or a merger partner. That is pretty clear to me and probably pretty clear to everyone in the oil and gas business. So this is what is likely happening behind the scenes and likely has something to do with the volatile nature of the stock lately. You probably have some folks with some deep pockets making an investment in HUSA based on what they think is likely to happen. If I had an extra million sitting around in a CD earning 1% interest (which I don't), I might decide HUSA might be worth a shot.

    This is all speculation, but it is based on published intent by the company.

    Cropduster

    Sentiment: Strong Buy

  • Reply to

    shock and awe

    by mcintoshe21 May 22, 2016 7:28 AM
    cropduster08 cropduster08 May 28, 2016 7:43 PM Flag

    Mitchell, one final point. Keep in mind that this is just a yahoo message board and none of us are professional financial or investment advisors, especially me. I am doing my best to present the positive side of the situation with HUSA, along with Josch and a few others. Tim and Mac and a few others seem to be covering the downside. I know you can decide for yourself.

    I just want you to hear from me that HUSA could end up going down the tubes as far as an investment is concerned. Be ready for that. It could happen. On the other hand, it could work out pretty much as I have outlined in my recent posts. I am interested in HUSA and I enjoy writing about it. But take everything that is said on this board with a grain of salt. However, I do think we have a great board here and I enjoy the discussion very much.

    Have a great Memorial Day weekend, my friend.

    Cropduster

    Sentiment: Strong Buy

  • Reply to

    shock and awe

    by mcintoshe21 May 22, 2016 7:28 AM
    cropduster08 cropduster08 May 28, 2016 7:26 PM Flag

    Hi Mitchell. You are right, I probably did come down on Tim too hard. He is a good guy, I understand where he is coming from, and I respect his views, even though they may be different from my own. Sorry Tim.

    Now to your points. HUSA had about $50,000 last quarter as income, mostly from its interest in 7 producing wells, plus some investment income. I really can't guess who the M&A guy is going to come up with for candidates, but my short list is Lucas Energy and Saratoga Energy. Saratoga has been bankrupt for some time now. Doorsheim mentioned Halcon, but I think Halcon is way too big for HUSA , even though it is very interesting that Halcon is 27 cents right now, just like HUSA. Halcon has more than twice the shares though. Plus, Halcon is filing for bankruptcy soon.

    Beyond no debt, HUSA offers a corporate platform with a $50 million in tax loss carry-forwards, access to corporate capital markets, and a new name for some other bankrupt company. But it may not be a merger, it might just be a purchase of significant assets. It is possible that a third party investor will use HUSA as an investment platform to acquire distressed assets. A third party would probably be dilutive, but the share price will still likely rise.

    Why should the SEC investigate? I see nothing to indicate anything wrong. So someone bought a million, or 2, or 3, or 4 million shares. So what? Five million shares is only about $1 million. What is important is the money value, not the share count. The market maker's book was cleaned out by the purchaser or purchasers and the share price shot up. Not illegal. Then the market maker regained control. In fact, HUSA has warned before about the volatile nature of its stock. My take is that the swings indicate something is getting ready to happen.

    After the M&A, Serrania and Australia are in the pipe.

    I am now too busy running my new little company to come to the shareholders meeting. Sorry to miss you, Mitchell.

    C.

    Sentiment: Strong Buy

  • Reply to

    shock and awe

    by mcintoshe21 May 22, 2016 7:28 AM
    cropduster08 cropduster08 May 28, 2016 5:22 PM Flag

    Tim--when I said I'd bet my next paycheck on a merger of some kind it was just a figure of speech, so don't take it so literally. Actually, I have already bet much more than that. Concerning your statement that you "lost over a half MILLION on this junk," all I can say to that is get over it and figure out how to make your losses back. I lost more than that on Dynegy some years ago and I'm not hanging around the Dynegy board all mad and upset and with an attitude. Anyway, I think you and I have covered all that ground already last year, or was it the year before? Investors make money and they lose money. If you can't handle it, maybe you can try working for a living :) Just kidding around here, as I think good money management and good investing is, in fact, work and it takes some level of talent and brainpower, which I think you have. Sometimes I think I have it also, but I may be kidding myself. Again, just kidding around.

    Anyway, on a serious note, have a great Memorial Day weekend as we take a long weekend to remember all of the brave men and women who made the ultimate sacrifice for our country and for the freedom that we now enjoy. Wow, when I think about about those folks, especially the young ones who had their whole lives in front of them, it brings tears to my eyes. I can close my eyes now and see one of my good friends from college who was killed in the line of duty just a year after we got commissioned. I'm almost 62 now. Can't believe its been 40 years. Seems like yesterday.

    Take care, Tim.

    Cropduster

    Sentiment: Strong Buy

FNRC
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