Proselenes
- 06 Aug 2011 02:49
.
mnamreh
- 07 Oct 2011 08:25
- 79 of 380
.
required field
- 07 Oct 2011 08:38
- 80 of 380
Well.....bought some more broken AEX lawn-mower machines...sub 3p...amazing discount.....there such demand for them that I just had to have some more.....
machoman
- 07 Oct 2011 09:49
- 81 of 380
Did you ask permission, to Moneyless ( Proselenes )?
Everything he touches turns to dust and ashes
could be the real thing this days
May his rigor mortis touch strike the heart of his nearest imitator
in the dance of the dastardly in our Stock Market fortune
mnamreh
- 07 Oct 2011 11:53
- 82 of 380
.
Proselenes
- 07 Oct 2011 13:37
- 83 of 380
mnamreh, I got another 500K this morning, sub 3p price. Very nice.
Overhang at the moment, RENA is offloading whoever it is, all the other MM's are up on 3.5p.
mnamreh
- 07 Oct 2011 13:46
- 84 of 380
.
mitzy
- 07 Oct 2011 13:47
- 85 of 380
This looks real bad.
champagne ronny
- 07 Oct 2011 13:56
- 86 of 380
this looks doomed. I'm out.
machoman
- 07 Oct 2011 14:07
- 87 of 380
mnamreh
the only thing you have to ignore is your bad timing, on choosing the wrong company and the other influences
re -Still, may be better in 2012.
allways hopping, but the Portfolio if you have any will not be any happy
management seems have come up with disaster after disaster
as it happens I have choosing the right stock this week, something I can not say for you
Ignore me at your peril they would say
ITQ 164.50p +24.50p, bought at 135p last Tuesday and is on the board as a proof.
mnamreh
- 07 Oct 2011 14:29
- 88 of 380
.
Proselenes
- 07 Oct 2011 17:59
- 89 of 380
mnamreh, thanks for the heads up, Master RSI back again under another different name. Keeps getting banned but like a bad penny keeps coming back.
Hopefully admin on Moneyam will ban his new user name and get rid of him again.
blackdown
- 07 Oct 2011 18:23
- 90 of 380
And hopefully you at the same time.
machoman
- 19 Oct 2011 10:39
- 91 of 380
KEEP an EYE
2.90p ( 2.80 / 3p ) though there is an order for 2.90p at bid side
strong order book on the bid side ( 2.5M at 2.90p ) and wanting to move higher lately, a very small spread
order book
DEPTH 2.9M v 645K




machoman
- 19 Oct 2011 11:45
- 92 of 380
Lots of buyng since and WINS goes into the bid 3p
mnamreh
- 19 Oct 2011 12:06
- 93 of 380
.
machoman
- 20 Oct 2011 15:50
- 94 of 380
mnamreh
re - We can all see what is happening.
Tell me more as you said nothing
I already said my say yesterday "keep an eye" 2 large orders to buy on "order book" never being done yesterday, only one today for 1M
machoman
- 21 Oct 2011 10:12
- 95 of 380
There is constant buying today and willing to pay over 3p now that is moving higher at both sides
spread 2.95 / 3.10p
machoman
- 21 Oct 2011 11:02
- 96 of 380
It looks like MMs are ready to let it go better finally
reason
3 MMs have gone into the bid 3p, the last 2 just now ( 10.58am ) without any trade showing
machoman
- 21 Oct 2011 14:54
- 97 of 380
spread 3 / 3.10p +0.125p
Could soon move higher as the offer is now hold by only 1 Market Maker
3 at bid + WINS at plus market
machoman
- 23 Oct 2011 21:46
- 98 of 380
5 Stocks for Cashing In on East Africa's Energy Boom
By Aimee Duffy -- October 22, 2011
If September was the month for oil announcements out of West Africa, October is the month for East Africa, as several major oil and gas companies have announced discoveries of the southeastern coast of the continent.
Gas!
Historically, Eni (NYSE: E ) and other drillers have placed emphasis on oil and gas exploration on the northern and western sides of the continent. That tune may change now that Eni, Africa's largest oil and gas producer, has announced a discovery of 15 Tcf of natural gas off of the coast of Mozambique.
At the end of August, Anadarko Petroleum (NYSE: APC ) also discovered natural gas off the coast of Mozambique. Two weeks ago, the company upped its recoverable-gas estimate from 6 Tcf to 10 Tcf. How much gas does that equate to? It's enough to power France, Germany, Italy, and the United Kingdom for a year.
Past production
The discovery of gas in such plentiful amounts is a big deal in this region. Though the Energy Information Administration doesn't have production numbers for 2010, you can see that in 2009 there was virtually no energy being produced in East Africa.
Country Past Production
Mozambique No oil, 124 Bcf gas exported in 2009
Kenya No oil, no gas
Tanzania No oil, 23 Bcf gas exported in 2009
Madagascar No oil, no gas
Source: Energy Information Administration.
Discoveries by Eni and Anadarko will break production and export records, notablly at a time when Asia and Europe are clamoring for natural gas.
Other players
Anadarko and Eni aren't the only oil and gas outfits looking to cash in on East Africa plays. Here is a breakdown of ongoing activity in the region:
Royal Dutch Shell (NYSE: RDS-A ) is parterning with Brazil's Petrobras to explore off the coast of Tanzania.
Total SA (NYSE: TOT ) is joining Anadarko in an effort to explore offshore of Kenya. And of course, you can't talk about natural-gas discoveries without bringing up LNG.
Anadarko is in talks with KBR (NYSE: KBR ) about developing a liquefied natural gas facility if actual production amounts to anything near estimates.
Risk
The political risk for oil and gas operations in this region is high. Somalia is unstable, there are pirates off the coast, and the economies of these countries are very poor. Mozambique, for example, is one of the poorest countries in the world. It is likely that oil and gas drillers will face similar problems on the east side of the continent as they do on the west, where governments have done a poor job distributing wealth generated from oil, often resulting in frustrated citizens who loot and damage drill sites.
Foolish takeaway
Now that East Africa is on its way to becoming an established gas play, midstream development needs to follow. China has already expressed interest in building a pipeline in Tanzania, and South African officials hope the new gas discoveries will help mitigate its energy shortage. Interested investors should keep an eye on pipeline and LNG development in the region.