Strategies & Market Trends | Ask DrBob


Previous 10 | Next 10 
To: Drbob512 who wrote (95746)8/7/2007 5:28:52 PM
From: lexi2004   of 100040
 
Found this good news on SYNM BB at IHUB....Earnings come out before the bell on Thursday.

-52H will use synthetic fuel
BY: Jim Skeen, Los Angeles Daily News
08/07/2007


In a step toward weaning the military from foreign oil, the Air Force will certify the B-52H bomber to fly using synthetic fuel.



Secretary of the Air Force Michael M. Wynne is scheduled to visit Edwards on Wednesday to announce the completion of the certification process for the B-52H. Flight testing for the effort started at Edwards last September.



The Air Force wants to certify its entire fleet to use domestically produced synthetic fuel-blend by early 2011. The Air Force wants to have half of its aviation-fuel supply coming from alternative fuel sources by 2016.



"This synthetic fuel initiative to certify the fuel for military aviation is being accomplished in close cooperation with our partners in the commercial aviation industry," said Bill Anderson, the Air Force's assistant secretary for installations, environment and logistics. "By working together, we can expand the market for synthetic jet fuel and make it more economical to produce by greatly increasing demand."



Air Force officials said they recently ordered 281,000 gallons of synthetic fuel for further testing on the C-17 and B-1 engines in the coming year. NASA is also interested in synthetic fuels and will receive 9,000 gallons of synthetic fuel from the Air Force so it can begin evaluating its use in various engines and systems.

The Pentagon effort, started in 2001, is called the Assured Fuel Initiative. The idea is to ensure an energy supply regardless of uncertainty in oil-producing countries or problems spurred by natural disasters, such as Hurricane Katrina's damage to Gulf Coast oil refineries.



The Air Force alone consumes 3.2 billion gallons of fuel annually, accounting for about 80 percent of the federal government's fuel usage.



The fuel used in the testing with the B-52 is called Fischer-Tropsch fuel, named for the two German researchers who developed the process for making the fuel. Testing was done with a 50-50 blend of the synthetic fuel and regular jet fuel.



Tests showed that the synthetic fuel's performance was comparable to regular jet fuel. The synthetic fuel also produced less pollution because it contains less sulfur than regular fuels.



The fuel the B-52 is using is being produced by an Oklahoma company called Syntroleum Corp., which has a plant that produces 70 barrels a day of Fischer-Tropsch fuels.



Although the Air Force conducted the B-52 flight tests with a fuel derived from natural gas, Syntroleum officials say they think the fuel can also be produced from coal - of which the United States has tremendous amounts.

Share Recommend | Keep | Reply | Mark as Last Read

To: lexi2004 who wrote (95747)8/7/2007 9:12:11 PM
From: Drbob512   of 100040
 
lexi2004: I have been doing updates on PBG for a while now and on PMG for a shorter time.

PMG.TO is Petrominerales, a Cdn stock that is 80.7% owned by PBG (Petrobank Energy). PMG has hit a gusher of a well in Colombia recently, causing the stock to jump from 4 1/2 to 14.

The small caps can do well if you have the patience for them to pop, and have a diversified portfolio because some of them fall sharply.

drbob

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (2)

From: Drbob5128/7/2007 9:23:29 PM
   of 100040
 
***** TA Update *****

The market had a volatile day as traders went both ways before and after Bernanke's FOMC decision.

The NYSE TRIN was well below 1.00 at the close as the u/d volume was almost 2/1, and volume was heavy on the senior exchange.

The Nasdaq TRIN was just barely above 1.00 as the u/d volume was not quite as good as the a/d.

The market fell 100 points after the Fed announcement on rates and commentary which was very brief, but then the selling dissipated and the market rallied to be up over 100 points before the Dow closed slightly higher for the day.

Some technology stocks led the way and even financials firmed up, as short-covering and bargain-hunters and momentum players bought stocks.

The intermediate term technical indicators are very oversold while the ST appears to have bottomed for now. There is a possibility of a significant rally now as the sellers have not been able to tank this market this week.

See the 10% index for the Summation Indexes and they appear to have bottomed out for the time being and it is difficult for them to stay that low without a bounce back up due to the severe amount of selling to accomplish that.

Usually a "W" or double bottom formation is needed before a final bottom with occassional spike bottoms more rarely occurring. So eventually there could be another downdraft.

But in the meantime, a technical rally can occur.

Crude oil was up mildly today and oil stocks stopped going down as well. A follow-through is needed to stop the decline.

drbob

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)

To: Drbob512 who wrote (95749)8/7/2007 9:27:56 PM
From: lexi2004   of 100040
 
Dr. Bob,

Thank you. I thought PMG was short for something else like BTW.:)

I'd like to post charts here too so I can share and also learn. I would welcome anyone correcting me or adding to whatever I add to the charting. While I've spent a lot of time trying to learn TA, I'm basically self-taught or have just picked things up by watching/reading others. I know that you and many of your members are superior at doing TA and I look forward to learning from all of you.

Agree with you completely about the micro-caps. While in general they are highly manipulated and can fall sharply, I love the fact that there are some that you can make 200%+ gains on in a day.

Lexi

Share Recommend | Keep | Reply | Mark as Last Read

To: Drbob512 who wrote (95750)8/7/2007 10:50:12 PM
From: never_post3 Recommendations   of 100040
 
Drbob512 - Like other readers of this message board I want to thank you for your commentary on the markets as you tend to clear up a lot of the market assumptions and confusion that occurs during the day.

Thanks Again.

Share Recommend | Keep | Reply | Mark as Last Read

From: Drbob5128/8/2007 2:04:24 AM
   of 100040
 
*** PBG/PMG.TO Updates:

After the Canadian exchanges were closed on Monday, PBG and PMG re-opened for trading today, and with crude oil having been down 3 1/2 dollars per barrel on the futures contracts, one might expect oil stocks to dip.

PBG.TO opened up at 33 1/4, which was the high for the day, and then sold off to reach a low of 31.15, to close down sharply at 31.45. It had reached an all-time high of 34.20 on Friday and profit-taking brought it down on heavy volume of 857k shares today. A test of 31.15 is likely on Wednesday, and the breakout point of 30.70 might be tested as well. But the LT trend remains up and last Friday's high will likely be tested later in August or early September, after some consolidation for a couple/few weeks.

Some news items such as the installation of the sand knockout vessels, increasing the choke and production, and the 10K report of earnings and revenues due out between Aug.10-15 could reduce the time necessary for the consolidation prior to the next move up.

PMG.TO opened up at 15.00, the high of the day, and then it too sold off to reach a low of 13.51, and then closed at 14.15 on heavy volume of 511k shares. A test of 13.51 is likely on any weakness and then another .50-1.00 drop could occur if that support fails to hold.

But PMG.TO (Petrominerales Energy) is a leadership stock now and can consolidate within a fairly narrow range and then enjoy another leg up. PMG has its 10K report coming out in late August. It also has one well being drilled in August and another in September.

Both remain interesting speculative plays with PMG.TO having the greater strength technically, but PBG.TO is no slouch.

These companies continue to execute their business plans very well and the public has confidence in their management teams.

drbob

Share Recommend | Keep | Reply | Mark as Last Read

From: lexi20048/8/2007 10:16:49 AM
   of 100040
 
SYNM...Volume big for this time of day. Believe short position is 17%. Earnings come out premarket tomorrow. Stock has passed yesterday's HOD.

Lexi

Share Recommend | Keep | Reply | Mark as Last Read

From: longdong_638/8/2007 10:51:56 AM
   of 100040
 
Looks like a bear rally.

Share Recommend | Keep | Reply | Mark as Last Read

From: Drbob5128/8/2007 11:42:10 AM
   of 100040
 
***** TA Update (intra-day) *****

The market averages are rallying strongly, especially the Nasdaq.

The internals are very strong, with up volume swamping down volume, with good a/d's, for TRINs well below 1.00, indicating moderately strong accumulation.

While most technicians are bearish and calling this a bear market rally or a corrective one, for the moment, if the u/d vol remains very positive during the mid-day countertrend dip, then the market has a chance of rallying in the last hour.

The technology stocks are leading this rally and rotation is coming out of the value or defensive stocks into them.

Spx 1490 is a pivot point to watch into the close.

Crude oil is trying to stabilize in the low 70's, and if it can do so, the oil stocks in the Dow and Spx will help those averages.

drbob

Share Recommend | Keep | Reply | Mark as Last Read

From: jkl77™8/8/2007 1:10:00 PM
   of 100040
 
well ld,, how do you like the 7% move on bqi so far?? hehe,,, ô¿ô

Share Recommend | Keep | Reply | Mark as Last Read | Read Replies (1)
Previous 10 | Next 10 

Copyright © 1995-2013 Knight Sac Media. All rights reserved.