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EOR - ENHANCED OIL RESOURCES INC - Page 3

post #41 of 481
Mitas, how did you come across the stock?

I'm confused by your comments..."Not much pro,","Just took time to do my DD' which was simplified by SH and HSM..."

You are the one that started this tread on EOR, just wondering why you are so positve on the stock? Did you see the November Presentation?

"You know things are lining up for this company...so if investors follow the TA its happening soon, since the wedge can't last forever..."

The stock has flatlined and trending lower after a failed JV marketing attempti...

Midas, what do you see that the rest of us don't?
post #42 of 481
Hope ?

This company had a bright future before management started acting funny and losing good opportunities...
We have the helium/Co2 project that has a proven flow...
We have flowing oil from their properties...they're still working on reactivating more wells... and as of right now, we're producing ..600bpd i think ?

Technical analysis shows a long term consolidation..
Long term and monthly shows MACD and RSI + support and resist trend are really following the SP, and both indicators are having a small cross this week...

And guts...hell...the venture is all about taking risks...
This title was shinning at 1.8$ with less work done than what they have now...
I think this one has limited downside!
post #43 of 481
Thread Starter 
Quote:
Originally Posted by SeaOhToo View Post
You are the one that started this tread on EOR
Are you sure he started this thread?

Good news ... production over 500 bod now.

Enhanced Oil Resources Inc. January 2010 Production at 510 BOPD


9:00 AM ET, February 3, 2010


HOUSTON, Feb 03, 2010 /PRNewswire via COMTEX/ -- Enhanced Oil Resources Inc. (EOR) today provides the following update on corporate and operational activity.

As previously reported the Company has been actively pursuing a reactivation program at the Company's 98.5% owned Crossroads Siluro-Devonian Unit in Lea County, New Mexico. As last reported the Company had increased total Company owned production from an average of 186 barrels oil per day (BOPD) in July 2009 to 455 BOPD in December 2009. Average production for the month of January was 510 BOPD, an increase of 12% over December rates. Since our last update we completed the reactivation of the Crossroads #105 well and currently are awaiting electrical hook up to bring that well back online. This will bring our active producing oil wells at Crossroads to a total of 7 wells compared to the single producer when we originally acquired the field in July 2008.

At the Company's wholly owned Milnesand San Andres Unit the Company has now begun a 10 to 20 well workover program designed to increase production and prepare for an increase in water injection within the core Phase 1 CO(2) expansion area. Following the completion of the Milnesand workovers, the workover rig will be moved back to Crossroads to increase water handling capacity by converting one of the remaining non-producing wells into a second water injection well. The Company continues to review additional workover and recompletion opportunities within the Crossroads Unit and anticipates acting on those opportunities once an increase in water handling is achieved.

Mr. Barry Lasker reports "We continue to have positive results at our Crossroads field with current production increasing by approximately 55 BOPD over the average for the prior month. We also expect to be able to add production from the #105 well once power has been restored to that location, however we have also reached the current limit at our water handling facility. We are currently reviewing ways to increase the water handling at Crossroads and for this reason we have moved the workover rig to our wholly owned Milnesand field to initiate a reactivation program in and around our CO(2) pilot area."

"We have previously reported that the Company is generating positive cash from operations as a result of increasing oil production, improved oil pricing and reductions in lease operating expenses (per unit of production) and in general and administrative costs. The 510 BOPD average daily rate for the month of January was an historical high for the Company and we will continue to press forward with our reactivation program at Crossroads, Milnesand and Chaveroo fields to further add to this number."
post #44 of 481
Gee, I see you were the first post. Mitas has posted the most information.

I have asked the question several times. Maybe you can answer....

How did you come across this stock? and why did you decide to start posting about it?

The stock has been flatlined and I'm courious why you think it will take off from here?
post #45 of 481
Thread Starter 
Quote:
Originally Posted by SeaOhToo View Post
Gee, I see you were the first post. Mitas has posted the most information.

I have asked the question several times. Maybe you can answer....

How did you come across this stock? and why did you decide to start posting about it?

The stock has been flatlined and I'm courious why you think it will take off from here?
I came across this stock as part of my on standard research to find undervalued small cap companies.

I started posting about it to bring awarness to it and share it with others on the board ... I assume that is why most people post about a company on this board.

Stock was being held down by one seller form house 15 ... at some point he will be out (might even be out now as I have now seen him around for a week or two).

With continued growing production (over 500 bod now) and being case flow positive it is only a matter of time before it breaks out from this trading range.
post #46 of 481
And this news is perfectly timed with TA indicators... great

BTW,

The previous 1.80$ high of EOR was caused by a group of 2 people from stockhouse if i remember well...and the company did indeed do well..

But when things started to turn bad( lose of the Co2 contract) the posters from SH who owned a good part of the company sold out causing a stop loss chain reaction and then bailed ...never to be heard of again..

Like i said, this is going to break resistance really, really soon...
post #47 of 481
Thread Starter 
Quote:
Originally Posted by Mitas View Post
And this news is perfectly timed with TA indicators...

Like i said, this is going to break resistance really, really soon...
Should take note as well that the most recent PP was at .25 cents, so we are getting in 20% cheaper than they did.
post #48 of 481
More than 2 weeks and lots os shares sold

UBS sold 1,502,000 shares in January, Bought -0- (almost half the monthly sells)

Here are all the house positions for : EOR from 1/1/2010 to 1/28/2010.

18 Records Returned

House Positions
ExchHouseBought$ValueAve
Sold$ValueAve
Net$Net
6 Union 779,194 161,250 0.21 193,807 39,153 0.20 585,387 -122,097
2 RBC 494,752 102,193 0.21 143,579 29,666 0.21 351,173 -72,527
7 TD Sec 569,000 116,726 0.21 245,874 49,926 0.20 323,126 -66,800
67 Northern 262,500 54,117 0.21 25,000 5,425 0.22 237,500 -48,692
85 Scotia 404,612 83,873 0.21 196,866 40,762 0.21 207,746 -43,111
79 CIBC 183,169 38,482 0.21 30,490 6,202 0.20 152,679 -32,280
58 Qtrade 130,000 27,227 0.21 10,000 1,950 0.20 120,000 -25,277
33 Canaccord 128,356 26,788 0.21 44,112 9,186 0.21 84,244 -17,602
46 Blackmont 80,000 17,125 0.21 18,700 3,787 0.20 61,300 -13,338
19 Desjardins 24,000 4,760 0.20 0 24,000 -4,760
124 Questrade 10,500 2,052 0.20 0 10,500 -2,052
99 Jitney 0 15,000 3,012 0.20 -15,000 3,012
27 Dundee 0 20,000 4,100 0.21 -20,000 4,100
89 Raymond James 0 60,000 12,299 0.20 -60,000 12,299
80 National Bank 3,500 665 0.19 112,905 22,069 0.20 -109,405 21,404
9 BMO Nesbitt 163,000 33,991 0.21 293,750 59,986 0.20 -130,750 25,995
1 Anonymous 71,000 14,599 0.21 391,500 79,981 0.20 -320,500 65,382
15 UBS 0 1,502,000 316,344 0.21 -1,502,000 316,344
Total 3,303,583 683,848 0.213,303,583 683,848 0.21 00

Sorry about the mess. If someone can tell me how to copy and paste I will try again.
post #49 of 481
Houses now see this as long term...

They're moving out to find some faster and easier cash...i guess
post #50 of 481
The previous 1.80$ high of EOR was caused by a group of 2 people from stockhouse if i remember well...and the company did indeed do well..

But when things started to turn bad( lose of the Co2 contract) the posters from SH who owned a good part of the company sold out causing a stop loss chain reaction and then bailed ...never to be heard of again..

Midas,

I'm not sure you have your facts straight...

a group of 2 people cause the previous high of $1.80? Please explain your comment.....if you can.

Loss of what CO2 contract? They never had a CO2 contract!

The collapse in share price was due to the inability to find a JV partner to fund the development the St Johns field and to build a pipeline.
post #51 of 481
They had a contract and were supplying Co2 to a plant nearby ...
Can't recall name, but they did...

And it was a few people from Stockhouse who took this one on investors radars...

Anyways, do your DD man...
post #52 of 481
The FloCo contract...haha that deal was a joke...that was over 6-7 years ago. It lasted 2-3 months and made less than $50k on it. It was terminated because of a dispute over the quality of the CO2...it was radioactive. Cant exactly use that in our beverages...can we.

As far as my DD...it goes a little further than read comments SH and HSM....

I always love to hear from newbies on this stock.

I assume you and gee are from Europe and have viewed the November Presentation?
post #53 of 481
Then if you don't mind why don't you share this information with us ?
post #54 of 481
Mitas,

It's hard to have a dialog with you if you can't answer my questions.

Not sure what you are asking me. I just shared with you what I know about the FloCO2 deal.

I asked you before how you heard about EOR? I assume you and gee are from Europe and were presented with and have viewed the November Presentation? What made you all of a sudden start posting on a new site about EOR? Don't take me wrong, I think you have picked a good entry point and will do well on your investment.
post #55 of 481
Heard about it from gee,

then did a little searching and invested in it,

thats it
post #56 of 481
Anybody going to NAPE expo in Houston next week? Check out Enhanced oil Resources

http://www.expocadweb.com/nap10/ec/f...=vbooth&id=893
post #57 of 481
What is it about this November presentation?
On IV it is talked about also once and awhile.

If it is that special, I want to view it.
Can anyone PM me?
post #58 of 481

New to forum

Hey guys, this is my first post on this forum. I have been using the web to trade for a little while now and i must say that I am extremley happy that I found this forum as it is by far the best and most knowledgeable out of all the forums I have come across. Having said that I'm curious about this EOR stock, I feel like this ones gonna turn around soon and i'll start to see some profit, any comments ?
post #59 of 481
Thread Starter 
Quote:
Originally Posted by mau11 View Post
Hey guys, this is my first post on this forum. I have been using the web to trade for a little while now and i must say that I am extremley happy that I found this forum as it is by far the best and most knowledgeable out of all the forums I have come across. Having said that I'm curious about this EOR stock, I feel like this ones gonna turn around soon and i'll start to see some profit, any comments ?
Main seller who has been keeping the price in check appears to be gone and the price firming up, so we could be entering into a uptrend.
post #60 of 481
And who knows where we'll hit next resistance...

If this one shows some strenght and a slow climb, im in to stay for a while..

My biggest holding so far, i feel confident !
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