Discussion in 'Stocks' started by Adobian, Feb 25, 2009.

  1. Adobian


    It's only 40 cents now. Good thing is you don't have to worry about delisting because of the $1 requirement anymore.

    Check out EPL. Best deal of the century. Back to prestorm production level. Everything is out in the open, no more uncertainty or question mark.

    This maybe your key to early retirement. only 32M outstanding, 80% of which is held by institution. Imagine the short squeeze on this stock. LOLz.
  2. Balance sheet shows bankruptcy in the near future
  3. Adobian


  4. Adobian


    OPEC Cuts

    U.S. oil imports dropped 0.3 percent to 8.77 million barrels a day, the lowest since the week ended Sept. 18, when ports were shut in the aftermath of hurricanes Gustav and Ike, the report showed. OPEC members have cut production and reduced shipments in an effort to increase prices.

    The Organization of Petroleum Exporting Countries will reduce crude-oil shipments by 1.7 percent in the month ending March 14, according to Oil Movements. Members will load 22.8 million barrels a day in the period, down from 23.2 million a day in the month ended Feb. 14, the Halifax, England-based based tanker tracker said.

    Abu Dhabi National Oil Co. will cut exports of crude oil in April. The United Arab Emirates state-owned producer will ship 17 percent less of Upper Zakum crude oil than contracted, following a 15 percent reduction for March, the company said yesterday. Deliveries of Umm Shaif, Lower Zakum and Murban crude will be cut by 15 percent.

    Iran, Venezuela and Iraq said last week that OPEC is prepared to lower production again when the group meets on March 15. Ecuadorian Oil and Mines Minister Derlis Palacios said yesterday that no additional reduction was needed.

    “As long as we stay below $50 a barrel, OPEC is going to cut between 500,000 and 1 million barrels a day,” said Hudson Capital’s Kornafel. “They’ve proved themselves. They’ve followed through on the cuts and that is clear.”