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Oil at $109 a barrel – relook at small oil stocks!
By fred | March 11, 2008
Hi, guys and gals, I really think it would be a good idea to look at the small U. S. oil companies and service companies. With oil this high – many of the wells that were capped years ago because they only produced ten to fifty barrels of oil a day will be uncapped and worked on to put them again into production. Ten barrels a day at $18 a barrel was the reason they were capped by companies years ago, now ten barrels a day is well over $1,000 a day in revenue. Some of these companies with a little patience on your part could pay off bigtime — all just your old Uncle Fred’s opinion. What do you think? Uncle Fred
Topics: In The Markets, Internet Selling-eBay-Amazon-Others Discussion! | 4 Comments »
April 3rd, 2008 at 1:46 pm
Fred, that is a great observation. Wish I had one of those little desert lots with an oil pump you see in the middle of nowhere. Heck, I would settle for 10 barrels a day everyday.
If you come accross any stocks along the same train of thought that look interesting I hope you will post some ideas. Who is uncapping the wells?
April 4th, 2008 at 2:38 pm
Dear Hearts and gentle people! For the past many years, one person or another, has come up with a “plan” to penalize Oil companies, via a National “Boycott”.
On each of these plans I wrote short comments, on how they would not work, and Why! (They didn’t)! (Work that is).
Last week some independent Truckers, Owners, small companies etc. came up with an idea that would work. A Nation wide work stoppage of all trucking! But especially trucks carrying fuel to (Airlines, Railroads, Farm Co-ops, etc.).
This would make subsidized industries, and the Government itself, aware of the real problem in the U.S. today, I.E. the HIGH COST of fuel, especially Diesel Oil, which fuel trucks, (among other necessary industries), and on whom rests the single most important element in the Transportation of goods, (of all kinds), to the entire Nation. Yes! Virtually all products used in every day life, are delivered by truck. As the price of truck fuel goes up, so does every item bought, sold, or traded, in the Nation.
How will this help us? Among the many items trucked to you are, “food, Gasoline, building materials,etc. (get the picture?).
As the price of delivering these products to you, go down, so will there prices. (Now wouldn’t that be nice?)
It would seem to me that all Americans would, (out of sheer self interest), join in with, and support this movement. But guess what? It may not even get (off the ground) due to lack of support, not just by us, but by the trucking industry itself. I really don’t understand this lack of support by the “Teamsters” on this issue themselves who would be the biggest winners of a successful shut down of transportation.
Maybe they have lost their guts for a good fight, (even in their own interest). PITY!
April 8th, 2008 at 4:48 pm
First back to Bill on April 3rd – I almost hate to talk about small oil companies, the ones I have the most money in are in the toilet as far as their share prices are concerned. They don’t seem to give a damn now, don’t care what the public thinks or what their share prices are. I have a hunch they realize that when they are finished spending every cent they have accumulating oil and gas land, re drilling wells and drilling new wells that the profits will speak for themselves.
However, it is going to take a investor with a lot of staying power and guts to invest in these stocks. There are two I have quite a few shares of, but will only talk about one at this time – I mentioned this company a number of times in my old research monthly letter – Chipping from the rough! – the stock is Powder River (PWDR.ob) the stock is now about .11 cents a share was as high as .40 cents a share within the last year or so. I truly believe if a person put away some of these cheap .11 cent shares and did not look at them for five years or so they would have a hell of a big surprise. Just my opinion.
The company makes money, not a loser, their profits have declined greatly because of their investments in oil and gas land, drilling costs and lately they purchased their own drilling company so they don’t have to wait in a line for a drilling company. They now own their own, this just took place.
Always do your own research, but this is one I would look at if you have a long term outlook, buy it and put it away like a stick of wood you saw, and maybe, just maybe if I am right, in a few yours that stick will turn to gold.
A few of the latest reports from this company follow:
CALGARY, ALBERTA–(MARKET WIRE)–Jan 8, 2008 — Powder River Petroleum International Inc. (OTC BB:PWDR.OB – News), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced it has entered into an agreement to purchase an oil and gas project approximately 1780 acres in size in Baylor County, Texas.
This project has nine shut in wells and three injection wells, in addition to several drilling locations. This project is located in a prolific oil and gas producing field, and has multiple proven pay zones.
Powder River will re-work the existing wells while working on the development of new drilling locations.
The Company plans to complete 3-D seismic testing on the project to minimize the risk to Powder River and it’s working interest investors. The Company will be marketing an interest in the project to raise development capital. A reserve study is currently being completed on the project and will be published at a later date. As Powder River is negotiating on additional projects in the area, terms of this agreement will not be published at this time.
CALGARY, ALBERTA–(MARKET WIRE)–Mar 18, 2008 — Powder River Petroleum International Inc. (OTC BB:PWDR.OB – News), a revenue generating producer, acquirer and marketer of crude oil and natural gas properties, today announced they have implemented an aggressive drilling program for 2008.
This drilling program will see the Company complete a minimum of 26 wells and have them brought into the production stream by the end of this year. These development plans are predicated on average weather and equipment availability. This program will greatly increase Powder River’s production for the year.
Powder River has also announced their projected revenues for 2008. Total projected revenues from oil and gas sales have been estimated at $27,000,000. Projected revenues from the Company’s marketing program have been estimated at $24,000,000. This brings the total projected revenues for Powder River for 2008 to $51,000,000. These projections are based on current market trends in the oil and gas sector.
“I am excited to announce the launch of Powder River’s aggressive drilling program. I believe 2008 will be a pivotal year in our continued success,” stated Powder River Petroleum International Inc. CEO, Brian Fox.
Powder River Petroleum International Inc. is active in production, acquisition, and marketing of crude oil and natural gas properties.
August 30th, 2008 at 10:33 pm
Sorry to say this company is now in receivership. A copy of the court docket is on the PWDR website:http://www.powderriverpetroleum.com/investor-information.html
The stock was last traded on Aug 19th and closed for 1 cent.