NWAY pulled off a reverse merger for instant Naz listing
given their small status, they wanted NSDQ listing fast
so they bought a casino business, made it a subsidiary, changed the parent name to NuWay Energy, changed the symbol to NWAY, and sold off the casino business
very clever, with the books made clean completely this year
only problem is it must now remove obscurity
but the analyst recommendation of this deeply discounted oil/gas growing firm will make that happen
the casino and cigar business is ALL GONE, sold off
I was highly amused by this artifact also
the early January news release was to clean up restricted shares by old casino owner, one of a few
they are all gone now
ignore all references to past firm before summer 2001
Monday's news release about Mendell Energy acquistion and Swingle as Chief of Engineering is exciting news to me
the November news release about NewMexico Raton Basin is huge to me
coalbed methane extraction is a norisk production effort
Evergreen Resources is working next door
check out the path of the EVG stock price, from 2 to 40
next comes a news release summarizing all contracts and production underway
then comes the recommendation by an independent oil/gas analyst
they are my favorite, since not influenced by brokerage houses
I am unsure who he is, but my guy is confident about the recommendation coming sometime in February
I heard about it from a friend of a friend who follows this company with almost daily correspondence with VP's and execs within the company
he lives out in Orange County, where NuWay is located
he also talks to market makers, those shady guys
apparently, MMkrs have a medium-sized short position now that will be squeezed
yes, I read all 20-pages of SMU's Ravi Batra's economic outlook report last autumn
scarey stuff
but his next prediction is for a slide in the USdollar
I fully expect the same
launch of euro, sale of USBonds by Japanese, minor inflation during early recovery, unprecedented money supply infusion by Federal Reserve, poor competitive position by US exporters
the Fed will win the battle against deflation, and the price will be minor inflation
as for the imminent decline of the US econcomy and worldwide influence, seems farfetched
unless our recession turns into a depression
our debt levels could make it happen, but I doubt it
another couple World Trade disasters or a biological attack could make it happen, but I doubt it
/ jim |
