azz, coe, and psa: three little dogs and a puppy:

A post before I have to get back to more serious things.

Unfotunately the prices of these three little dogs and puppy of the patch matches my own personal situation - just keeps getting worse with one complication after another popping up to knock the situation back. STU is fast growing up from puppy stage to being a full grown dog as well.

Higher oil and gas prices have no effect on them at all.

AZZ - finally getting some good results in the USA and is being hit over the head by sellers as soon as it gets to 51 or 52 cents. Looks like those that are selling could care less about the price they get. Looking at the trades and yesterday a 100,000 share block was put in as a market order and knocked the socks off the stock....a determined seller and tax loss selling all in one.

COE

A purebred, but it is a market mongrel with no respect from the market. Better than 19 cents a share level, but a pretty rotten price considering the cash and prospects.

PSA

What can I say about this dog. Looked at the trades and saw one day with screwy trades.

Low liquidity and poor depth is a continued reflection of the mistrust of management and the BOD. Huge find at Main Pass has resulted in only getting the share price to within ten cents or so of the Price Lake debacle and the 3 minute seller manipulation.

Price Lake - zip as far as news from the company and SONRIS shows NO PERMIT for drilling the next (3rd) well in PRICE LAKE and the second well that was drilled is still waiting on a rig to complete the well - must be the longest wait in the history of a well - getting close to THREE MONTHS now.

SO no gas from the second well yet and no drill of the third well ( I assume that it is also in the 'Price Lake' field???)

Another two misses as far as the company's PR and timetables and no responce or explanation from the company. Par for the course.

Just have to wait and see if the tax loss selling hit this POS as well.

STU:

Poor STU missed on a well, oil prices went down, and the share price was knocked back from over a $1.00 a share all the way down to the low 80's - a huge 20% hit considering that the fundamentals of the company are very good and the share price had not really reflected the run up in oil past US$57 a barrel.

Now the oil price is around US$54 and the A$ under 76 cents with very little action from STU. Also crazy selling in the shares over the past few days knocking the price down after any meaningful advance.

Hard to believe that the price of oil is well above US$50 a barrel and NG is still in the mid US$6 - seems that the price of the shares reflects a price of oil in the mid 30's and NG at less than US$4 per mcf.