Suggest you read Motley Fool's latest story from 11:04 AM. Here is an excerpt: "Take a look at this chart above from a Denbury Resources presentation, which compares the profitability of CO2 injection to some of the hotter shale plays. To be reasonably profitable, the better Bakken wells require $68 oil, Eagle Ford wells require $76 oil and wells in the Mississipian require $87 oil. Amazingly, CO2 injection names are profitable with oil prices as low as $50. This article will look at 2 enhanced recovery names which operate in the lowest cost environment and whose prices have pulled back."
Redtailedhawkshadow, after reading your posts for the last few weeks, I can guarantee you that I am better educated and informed of the state of MCP and the global implications of REE's than you will likely ever be. As far as "logical reasoning" is concerned, your posts are one of the reasons I wrote my previous post. You contribute little more than wishful thinking and Rah Rah pumping. There are some exceptionally objective and helpful posters on this board who actually post factual, realistic information that benefits us all, but they are few and far between. Despite all the cheerleading that has gone on here, the stock price has continued to fall. Can't you see that? Until MCP starts posting continued positive earnings increases, there is no reason for the price to appreciate. I have a rather large vested increase in seeing MCP's price increase, but I am also realistic enough to recognize that what that will take has not happened yet.
I have been listening to the same garbage for over a year while the stock price declined from over $12 to mid $4 range. When are you jokers going to realize that posting rosy slogans DOES NOT influence the price of this or any other stock? This is not fairyland. MCP has an excellent, efficient infrastructure in place, but the stock price will NOT make any serious price increase until the demand for their products increases and the prices of REE's firm up. Feel free to slam me and call me a short all you want, but I suggest you face reality instead. Think for yourselves instead of following a mindless herd.
I am not nearly as knowledgeable as most of you, but it seems to me that some of the high tech methods used to extract oil today are more costly than simple direct drilling. As such, there would be a higher breakeven point where it is no longer profitable. If prices dropped to that level wouldn't it reduce the amount of drilling activity, hedges or not?
That number of shorts hasn't changed appreciably since I started buying MCP at $12+ in August 2012 and there have been a string of idiots posting the exact same nonsense that you are posting today. Maybe some day it might even happen. But short term, there are probably a WHOLE LOT of shareholders with large gains in other stocks that might need year end tax loss selling. Do you think that a bunch of those people might choose to sell MCP which is just off its all time low?
"CARLSBAD, Calif., Nov. 26, 2013 /PRNewswire/ -- Patriot Scientific Corporation (PTSC) today announced that the United States International Trade Commission (ITC) has issued a notice that it will review, in part, the Administrative Law Judge's September 6, 2013 Initial Determination (ID) finding in regards to Patriot's US 5,809,336 ('336) patent. The ID was issued pursuant to an Investigation undertaken by the ITC in which Patriot and other complainants alleged violations of Section 337 of the Tariff Act against multiple respondents."
Mine is with Wells Fargo and I guess I signed up for email delivery through them some time ago. I automatically receive an email anytime there is a vote on any stock I own. Click on a link and vote. I would assume this is available through all brokerages if they hold your securities. Certainly worth looking into. It couldn't be any easier.
I can only comment on Waste Management, and my information may not be current. One of the main byproducts of Municipal Solid Waste Landfills is the continuing production of landfill gases, mainly methane. Years ago this was considered a waste bypproduct and was burned off in flares that burned continuously, although the flames were only visible at night. Then someone came up with the idea of using that gas to generate electricity for their own use at the landfill sites. This worked well enough that they were able to sell excess capacity back to the electric companies. Then, I believe about 10 years ago, many sites began converting their trucks to run on these same gases. This works well for them since they work in a relatively small area and return to a central location each night. Although I may be mistaken, this is an entirely different technology than using hydrogen.
Thanks, fcfguy. Very informative and sounds positive. Considering the combined assets along with the Permian Basin acquisition, our futures should be bright.
By the way, if you're willing to spend the time to separate the little bit of wheat from the overabundance of chaff, there is actually a WEALTH of useful information to be found here.
Sentiment: Strong Buy