Samson Oil & Gas Non Deal Road Show Presentation
DENVER & PERTH, Australia, Sep 04, 2011 (BUSINESS WIRE) --Samson Oil & Gas Limited (asx:SSN) SSN -4.26% advises that it will be meeting with several groups of institutional investors in Hong Kong and Singapore this week. The written presentation containing the information to be used at these meetings has been posted on Samson's website, www.samsonoilandgas.com .
Reply by Adam Friedman 11 hours ago
imo, just hold and wait until any or all of the following occur:
wait for wall street to be "risk-on" again
penny oil stocks/sector get hot again like they were in early 2011 (look at CFW as example of this genre)
hope for buyout, an oil or gold company can buy up TIV very cheaply now, they don't really have any debt on their books
partner on shorty creek (I was under the impression that this is more valuable than richardson)
gold finding/results from US Gold (they will be results one day, one way or the other)
if they are able to develope the rest of claflin, they said they got a few of the new wells to 30-40 bpd each
imo, i rather risk taking a total loss and tax break on this ratherthan selling, considering how much is already gone for me and the potential for the stock price to go back up at some point over the next few months or years
maybe average down when it seems to actually start a confirmed uptrend, problem is you need to watch out for headfakes (like on that day it gained 4 cents to go from 20 to 24, on a big down day for wallstreet for seemingly no apparent reason recently)
I still have my 5k original shares at just under .70 pps average
thankfully, i resisted the urge to average down throughout the last few months
The recent OPUS settlement deal blows for shareholders
the CEO is getting a $100,000 raise now
the CFO (Durbin) and another key executive (Kromer) recently left
and there were/are major delays at claflin
at some point i'd probably have to add a lot more shares in order to average down, so that if/when this gets into the 30's I can break even..who knows..GLTA
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Reply by Christopher Lopez 8 hours ago
I agree. This stock is so oversold. People are greedy when it comes to making money on gold. Also, Tri-Valley is diversified with its energy exploration. I have been watching this stock for 6 years. I remember when I sold shares at around 4.00. All it takes is some good news. TIV has weathered the storm and has bottomed out at .19. It will stay at that level tomorrow if there is no news. The Bulls won't let it get any lower. People are trying to get it for 15,16,17,18, but no one is biting. People are going to hold, or buy above that threshold. TIV can hit hard. When there is a hint of gold, people will go nuts.
Account: xxxx-4617 Your Day buy order for 2400 XTEX at a limit price of $16.64 was partially executed at $16.6395. There are 700 shares remaining that await execution. See order # 923 for details.
(Reuters) - World shares fell close to 1.5 percent on Monday with European equities tumbling more than 2 percent as investors worried that Greece would default amid signs of disagreement among euro zone policymakers.
Yields fell on long-term core euro zone debt, home to safety plays during times of strife, but the euro fell against the dollar.
Markets were partly reacting to the failure over the weekend of the Group of Seven industrialised nations finance ministers to come up with more than a stated commitment to help turn the world economy around.But they were mainly focused on the euro zone debt crisis.
German policymaker Juergen Stark's resignation from the European Central Bank's board on Friday underscored internal divisions over its bond-buying programme -- one of the central bank's main weapons in fighting the debt crisis by forcing down yields of country's under pressure from the bond markets.
At the same time, worries bubbled up again over the abilityfo Greece to meet its commitments to qualify for more bailout money.
Fears about a Greek default rose last week after senior politicians in German Chancellor Angela Merkel's centre-right coalition started talking openly about it. Greece, meanwhile,confirmed on Monday that the country has cash for only a few more weeks.
International lenders threatened last week to withhold thesixth bailout payment of about 8 billion euros ($11 million)because of the country's repeated fiscal slippage.
The Greek government announced on Sunday a new property tax to make sure it would meet its budget targets and qualify for the tranche.
"Europe is not just lurching from one crisis to another. Itis lurching into a new one before the previous one is solved,"said Makoto Noji, senior strategist at SMBC Nikko Securities.
EURO SINKS
The euro dived to a seven-month low against the U.S. dollar and a 10-year trough versus the yen.
"The outlook for Greece is almost completely unknown.Support for the country appears to be shaking. The market is starting to think the worst could happen," said Katsunori Kitakura, chief dealer at Chuo Mitsui Trust and Banking.
"It's as if policymakers are starting to prepare for that,"Kitakura said.
The euro fell as low as $1.34949 , its lowest since February.
On bond markets, Italian and Spanish government bond yields rose, feeling the pressure of upcoming debt supply and the rising concern over Greece. (Editing by Patrick Graham)