Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (53179)	10/18/1999 8:10:00 PM
From: A. Geiche	Read Replies (2) \| Respond to of 95453

So.. you, folks, want to know what the "corrections" actually are and what triggers them? Nothing is more easy to explain! First it takes Slider (aka Alan Greenspan) to post a couple words... Then... next morning... "the MM's walk in, look up at the Stop Board and wring their hands with glee at what they see and ... think, gee, Christmas sure has come early. They then proceed to take out all of the Stop Loss orders that had been placed by all of the idiots that possess that injurious propensity to participate in the Running of the Masses." Clear nuff? This how a "correction" starts... What follows - read here: Message 11619438

To: SliderOnTheBlack who wrote (53179)	10/18/1999 10:51:00 PM
From: ItsAllCyclical	Respond to of 95453

Slider, I love OEI here and I bought more today, but there is no way 52 million shares have been accumulated on the open market... ---------------------------------------- Institutions have accumulated a ton of OEI here over the last few months... one of "THE" strongest accumulations. - Jon C; its individuals selling, or shorts hitting OEI - the Institutions are buying the hell out of it...re: yahoo.marketguide.com 52 MILLION SHARES ACCUMULATED IN 3 MOS !!!! - I haven't scanned all my watch list for this; but in those I have; I have not found any stock with this type of accumulation increase by Institutions ! - none ~ Institutions nearly DOUBLED their holdings in OEI over the last 3 months. Individual investors dumping is bigger than most poeple realize here over the last few months... -------------------------------------------------- Using the same site I found out out Institutions were net sellers of FLC...7.5 mil shares worth. I certainly wouldn't sell FLC based on that info. I believe most of those 52 mil shares are shares from the merger between OEI and Seagull energy. The site data must be old or something. At 500,000 shares per day and roughly 20 trading days per month you have 10 mil shares TOTAL traded per month on average. 52 mil shares purchased is more than the total traded during the last 3 months. It also would have sent OEI to 100+ if it were true. Still going to buy more OEI anyways for other reasons. P.S. I tried to make this post as non-ankle biting as possible...

To: SliderOnTheBlack who wrote (53179)	10/18/1999 11:33:00 PM
From: SliderOnTheBlack	Respond to of 95453

MLRC / Mallon Resources ... They just keep getting better. ...yes; this is "now" the best one I see on the horizon: <<Mallon Begins High Potential Gas Development Program DENVER--(BUSINESS WIRE)--Sept. 16, 1999--Mallon Resources Corporation (Nasdaq:MLRC - news) today announced that it has begun a multi-year natural gas development program in the San Juan Basin of northwestern New Mexico. Mallon has identified the potential for more than 300 billion recoverable cubic feet of natural gas net to its interest on its East Blanco and La Jara Canyon acreage blocks in the Ojo Alamo, San Jose, Nacimiento and Pictured Cliffs formations. This undeveloped gas potential equals more than 3.3 times the Company's 1998 year-end proved reserves. Speaking at the Dain Rauscher Wessels 1999 Energy Conference, George Mallon, chairman of the Company, said that the development program could result in the drilling of up to 250 new wells in the San Juan Basin. Mallon expects to drill or recomplete 30 wells during the balance of 1999, and at least 59 wells during 2000. Last week, Mallon reported the closing of $65.5 million of debt financings to fund the commencement of this program. Mr. Mallon stated, ``The completion of our new financing marks a turning point for Mallon Resources. We now have the financial, operating and management resources to launch a large scale, yet relatively low risk, natural gas development program that has the potential to dramatically increase our reserves, asset value, production and cash flow over the next several years. We are embarking on one of the most exciting periods in the Company's history.'...>> biz.yahoo.com ------------------------------------------------------------ biz.yahoo.com Thursday September 9, 4:36 pm Eastern Time Company Press Release SOURCE: Mallon Resources Corporation Mallon Finalizes $65.5 Million Debt Financings and Launches Aggressive San Juan Basin Gas Drilling Program... ------------------------------------------------------------ archive.twst.com link above is to MLRC CEO interview with the "Wall Street Transcript". ------------------------------------------------------------ $12 last year; broke from $6 3/4 to $9 immediately upon the new financing news release. We are seeing tax loss selling; the stock is now at a 52 week low. Company is commencing low cost shallow "Exploitation & development" drilling project witht he funds from their long awaited financing package. Do the "DD" - low daily volume/liquidity; but certainly worth a look for either a short term trade back to the $9 level; and/or a great long term hold given their reserve potential and aggressive drilling program just announced. ----------------------------------------------------------- Morgan Keegan, Inc. issued a Daily Notes Report on September 10, 1999 for Mallon Resources Corporation. On September 10, 1999 Morgan Keegan, Inc. analyst N T Ident issued a 2 page Company Report on Mallon Resources Corporation. Report highlights: 'An OUTPERFORM rating was maintained. The company announced the completion of a debt financing arrangement that should ignite the La Jara Canyon drilling program in time for the heating program.' Report No.: F0102334 Morgan Keegan, Inc. issued a Daily Notes Report on July 14, 1999 for Mallon Resources Corporation. On July 14, 1999 Morgan Keegan, Inc. analyst Subash Chandra issued a 3 page Company Report on Mallon Resources Corporation. Report highlights: 'An OUTPERFORM rating was maintained with a 12-month price target of $13.' Report No.: F0105810 ------------------------------------------------------------ biz.yahoo.com Steady insider buying; but most importantly - 3 exec's exercised nearly 400,000 options last month. This was a $9 stock weeks ago, $12 last year - with a $16 price target. Now, per the September release; - they have the funds to finally accelerate the development of one of the most talked about natural gas developments in the small cap industry. ------------------------------------------------------------ re: MEXP, RRC, EEX, CRK, RGO, MHR, and now MLRC; perhaps the best way to play these small caps; especially the lower volume/liquidity stocks like MEXP, MHR, MLRC is a long term oriented basket. All certainly worth a look here. I'd throw PGEI in there, on any weakness as well. The production & reserve growth Mo-Mo stories are MLRC & MHR. The value plays are RGO & MEXP; with CRK & RRC being near nat gas pure plays; both fundamentally undervalued by nearly any valuation metric as well. RRC is also, similar to MLRC, in being more of an "exploitation" play versus a high impact "exploration" play. CRK has some nice upside via the drill bit compared to RRC. MEXP - has some high potential upside in both the Salt Domes and the Blackfeet play. However MLRC's San Juan Basin is the lowest risk, lowest drilling cost - highest potential reserve & production impact play of any of these companies. MLRC & MHR are the 2 companies with the substantial opportunities to dramatically add to reserves & production in the coming quarters. - these are 2 "must owns" for those willing to venture into the small cap arena. These are also not "new" stories, nor are they lacking in major analyst coverage. Do the "DD"... these 2 especially will be major stories via the drillbit in the coming year imho. Got MLRC ? PS - JimL; OEI's institutional accumulation figure appears to be YTD not the last qtr. Their institutional ownership % has changed accordingly.

To: SliderOnTheBlack who wrote (53179)	10/18/1999 11:45:00 PM
From: dfloydr	Respond to of 95453

Slider: <<Re: OEI 52 MILLION SHARES ACCUMULATED IN 3 MOS> Check out KEG at that same site ... 48.22 Million accumulated and a lot of insider buying too. Certainly seems as though the small investors are letting the institutions buy all they want at these levels. Institutions have been sliding into place without much of a ripple ... even getting ever lower prices. I commend them on some smart buying.

To: SliderOnTheBlack who wrote (53179)	10/19/1999 12:09:00 AM
From: articwarrior	Respond to of 95453

Gee Slider got MEXP? maybe not what you think... Information in this prospectus is not complete and may be changed. We may not sell these securities until the registration statement filed with the Securities and Exchange Commission is effective. This prospectus is not an offer to sell these securities and it is not soliciting an offer to buy these securities in any state where the offer or sale is not permitted. PROSPECTUS Subject to Completion, dated October 15, 1999 645,504 SHARES OF COMMON STOCK [MILLER LOGO] MILLER EXPLORATION COMPANY -------------- Veritas DGC Land, Inc. may offer and sell up to 645,504 shares of our common stock under this prospectus. These shares of common stock may be acquired by Veritas upon the exercise of warrants to purchase Miller common stock. Veritas may offer and sell the common stock in the over-the-counter market, in block trades or otherwise, at prevailing market prices, or at privately negotiated prices. See "Selling Stockholders" beginning on page 6 for additional information regarding the shares that may be offered under this prospectus. Miller will not receive any proceeds from any sales of common stock by Veritas. We will receive $6,455 if the warrants are fully exercised. Miller's common stock is listed on the Nasdaq National Market under the symbol "MEXP." On October 11, 1999, the last reported sale price of the common stock on the Nasdaq National Market was $2.00 per share