GAX -need a new investment?

[mike001]

If your looking for something to make some money on the short term take a look at galaxy energy (GAX) NYSE $1.03 will reach $3.00 a share very shortly. take a look for your self.



Galaxy Energy Corporation is an oil and gas exploration and production company that is focused on acquiring and developing coalbed methane properties in the Powder River Basin of Wyoming and Montana, and other projects within the Rocky Mountain area. Our principal offices are in Denver, Colorado.

What is coalbed methane (also known as coalbed natural gas)?
Methane is the clean-burning component of natural gas.

In the vast coal beds of the Powder River Basin of northern Wyoming and Southern Montana, where the majority of our drilling and development operations are located, coalbed methane is formed by bacterial activity within the coal itself. Anaerobic bacteria classified as methanogens have the ability to generate large quantities of methane. As the methane is generated it is trapped (adsorbed) onto microscopic surfaces within the coal by water pressure.

In 2004, we launched an aggressive development program to drill wells in the coal beds of the Powder River Basin, with the goal of producing and selling coalbed methane.

CBM Production

The production of coalbed methane requires pumping water from the coal seam aquifer in order to release the water pressure that is trapping the methane gas in the coal. A well is drilled into the coal seam and then equipped with a water pump. The goal of coalbed methane production is to decrease the hydrostatic pressure above the coal seam by removing the water, or "dewatering" the CBM well. Water moving from the coal seam to the well bore encourages gas migration toward the producing well. As the water pressure is released, the methane gas will rise and is separated from the water and can be piped away and sold.

Galaxy's Powder River Basin CBM Well Count and Acreage Position

As of March 4, 2005, we had interests in 160 completed coalbed methane wells as well as another 69 wells in various stages of completion. Galaxy Energy, through our wholly owned subsidiary Dolphin Energy, holds leases to produce coalbed methane on more than 91,000 net acres in the Powder River basin ....

[Moonlight]

Where would I go to purchase some if I am interested, mike? and how long should I hold it for? Thanks

[mike001]

you can buy it on any online brokerage like etrade or sharebuilder buy it now at 1.03 - 1.06 and look for 3 to 10 dollars a share by 10-2006.

ticker( GAX )NYSE as of 03-06-06 1.03

if you miss this you will kick your self.
trust me.:happy64:

[Moonlight]

but how are you so sure that it will go up? :happy26:

[mike001]

do some research on the stock you will see the same opinion with this stock as I do. but if it makes you feel better I have some special information regarding this stock. buy it now if you can.:happy64:

[mike001]

Stockwire.com: The Movers and Shakers Blog, Part 2:
March 7, 2006 10:14 AM ET

MIAMI, Mar 07, 2006 (M2 PRESSWIRE via COMTEX) -- We like stocks trading big dollar value volume! A very interesting indicator to look for is where the money is flowing into. We have a filter that we watch every morning that shows us "Dollar Volume". We also like stocks that are trading at bargain prices. As of 10:15AM, a couple of these stocks are: (SIL) , (SWB) , (EAD) , (GAX)

:happy64:

[Moonlight]

Which account should I open with Etrade. I am very illiterate when it comes to these things. Because I am not a US citizen, they would have to send me an application form. Any suggestions Mike?

Power E*TRADE Account Application Kit
An individual, joint or custodial investment account

Power E*TRADE Complete Investment Account Application Kit
For active investors who plan to trade 30 or more times per quarter

Thanks.:happy64:

[Moonlight]

I guess I can open my account online now. Any other cheap stocks/good penny stocks can you suggest Mike?:wave:

[2bfree]

Dear Mike:

Also, which online broker will take e-gold????????????????

[Aequitas]

When do you see selling this stock? Is this a long time hold or short term? How much are you throwing at it? Thanks,

Aequitas

[Moonlight]

When I typed in GAX in the Quote space at Etrade.ca , it's says invalid equity symbol, but works on Etrade.com. Does that mean I can't purchase GAX with an Etrade.ca account? I am in Canada.
Moonlight

[mike001]

short term people , you need to buy in to it now before you miss out...
own at least 10,000 shares to make the big money

[J-boy]

Mike,
I did it.

[mike001]

bump:happy64:

[J-boy]

Well Mike, I'm beginning to think this one just isn't meant to be.
Do you feel that there is still reason to hold on to this for the short term?

[botso]

If there is a positive report on the coal bed drilling project in Germany, there could be a good spike in the price. I picked up a few shares.

[kashkow]

GAX does not have a BID price. If you buy how are you going to sell with no BID or ASK price? You just LOST money. You cannot sell it back without a bid price. I just looked up GAX and there is no BID price. How would you sell?

[botso]

hmmm, I bought at .98 and it's listed for 1.07. so, someone's buying, i guess.

Anywho, GAX just posted their 10-K & 8-K yesterday (see links below). I thought the following paragragh from the Annual Report was interesting:

YEAR ENDED NOVEMBER 30, 2005 COMPARED TO YEAR ENDED NOVEMBER 30, 2004. During the year ended November 30, 2005, revenues from natural gas sales increased to $1,297,194 from $122,455 the year before. A total of 38 wells produced and sold 211,481 Mcf of natural gas in 2005 compared to 15 wells which sold 26,247 Mcf in 2004. Average prices received for gas sold increased to $6.13 in 2005 from $4.67 in 2004. Lease operating and production tax expenses also increased in 2005 to $965,069 or $4.56/Mcf, compared to $59, 247 or $2.26/Mcf the year before. This increase reflects both an overall escalation of operating costs throughout the oilfield and the costs associated with remedial work undertaken in our producing fields to maintain and boost production.

I'm a big fan of a 10 fold increase in revenue (if I read that correctly).

Also, the issuance of new shares means dilution, of which I am not a big fan. At this stage, I guess dilution is better than cash going out the door.

The kicker for this stock is going to be their coal bed interests in Germany (Glantal-1) which are operated by their wholly own subsidiary, Pannonian International Ltd. The test well has been dug and the results


http://biz.yahoo.com/e/060315/gax10-k.html
http://biz.yahoo.com/e/060222/gax8-k.html
http://www.rigzone.com/news/article.asp?a_id=29036

[J-boy]

GAX does not have a BID price. If you buy how are you going to sell with no BID or ASK price? You just LOST money. You cannot sell it back without a bid price. I just looked up GAX and there is no BID price. How would you sell?

I bought mine under the table.

[botso]

Last sentence above should read:

The test well has been dug and the results are due soon.

[J-boy]

Mike!
Still???
Should we hold?

[mike001]

buy!! buy !!


this should go to 3 dollars over the next 3 months.!!!!
:happy64: :happy64: :happy64:

[J-boy]

Hangin in there...
not much fingernail left

[botso]

After researching this stock my guess is that we're expecting good news from the Glantal-1 Project out of Germany. Pricing for Natural Gas in Europe is nice. They're estimating 4.1 Tcf of recoverable natural gas in the German project. Pannonian, Galaxy's wholly owned subsidiary, is trilling the first 3 wells in each of phase 1 and 2 of the project. If that turns out well, we could see a big spike in the price. Who knows.

I also looked into the founders of the company. This is not the first gas company that some of the heavy hitters have been involved with. I'm in for 1,000 shares...

[botso]

http://biz.yahoo.com/prnews/060201/law068.html?.v=43

[J-boy]

Yahoo message board says some test results are due to be announced tomorrow or Monday.
Price is up slightly today.

[mike001]

it is time to get in stock on the rise!! news from all over the world soon. $1.17 now, 2-3 very soon.:happy64:

[J-boy]

It does sound like news is coming soon
http://ragingbull.lycos.com/mboard/boards.cgi?board=GAX

Sure would like to see this pop soon

[mike001]

time is running out to get in at these levels.. it will go up way up soon:happy64:

[J-boy]

The 10-Q looks kind of bad here Mike.
Are you still so hot on this one?
Or, have you been second-guessing yourself?

[mike001]

time to get in now!!!!!!!!!!!

or be left behind.

[J-boy]

Hey Mike,
Mind if I ask how confident you are of your source?
Or how much longer you think this will be?
I'm sure you've seen the discussions on this at Yahoo and Raging Bull

[mike001]

The AMEX was unaware of the completion of
that financing at the time it sent its notice to the Company indicating that the Company does
not meet one of the AMEX's continued listing standards

[J-boy]

Thanks Dinarcrazee.
It's a little too late, I bought into this because it looked like the company is close to down for the count, but could just as easily announce a development or two that would totally reverse the direction.
The AMEX thing could apparently have been avoided had AMEX been aware of new financing.

On the one hand, the company is run by a family experienced in bringing in wells, and apparently has some very promising properties. On the other, this company is a first for the family Jr., and the managemnet seems to have made several questionable moves that border on incompetence. Neglecting to notify AMEX of new funding is one such move.

Failure to communicate with shareholders is another dumb move, but it can be said that they seem fail this on both good and bad news. Maybe Jr is a spoiled rich kid, and hopefully his dad has his hands on the reigns, or will take them back soon.

At this point, a change of leadership might be the best news of all. But an anticipated announcement of highly productive wells would also cause a surge.

Here I am, biting my nails, waiting for this to become a 5 bagger, but patience of most shareholders is wearing thin. The stck is very likely to drop below a dollar this week, and might be a good buying opportunity, or might be a bottomless pit, but such is the game...

Hopefully Mike knows something that hasn't yet been disclosed, like the wells in Pinceance basin are producing magnificently. Still, why would management have a big NYC meeting and not say this?

[J-boy]

The $4.5M has the May deadline covered.
Hopefully something big will happen before the money runs out in a few months.

[J-boy]

Still, Mike hasn't answered any of my questions, and there is someone on the Yahoo message boards doing the same type of pump up.

Raging Bulls message board has been the most even handed analysis I can find on this.
Sure hope Mike is right.

[tlagiloi]

I've been watching this one for a while.
It's still a dog trading for around a buck.
So if you put $10k into this one, you missed some real opportunities.

[J-boy]

Hey Mike,
Are you still so certain about this?

[strain17]

LoL ... no response from Mike for quite some time.

Hopefully this isn't some pump and dump stock.

[J-boy]

If anyone is in this and hasn't done so by now, I strongly recommend to dump it.
Take another look around 20 / 21 Jun.
It might be worth a buy if you see it starting to make a significant up-trend.

[mike001]

to all who held steady. we got some very good news to day!.


Further Information Not released before re Glantal...

Glantal Gas Project
This is the first project entered into by Empyrean. It involves the drilling of
the exploration well Glantal-1 in the Neues Bergland permit near Frankfurt in
Germany and has the potential of discovering important accumulations of gas
measuring in the trillions of c.ft. The operator is Pannonian International Ltd
('Pannonian') a wholly-owned subsidiary of the US-based Galaxy Energy
Corporation. Empyrean has the opportunity to earn a 52% working interest.

The well was spudded on the 29th November 2005. The vertical well was slightly
deviated after reaching 650m, as planned, and the angle gradually increased to
30 degrees with a northeast bearing. Electric logs were run prior to the setting
of the 7 inch casing at 1022.5 metres in the 'Dilsburger' seal.

After some delays due to weather and technical set backs, the Gottelborn
Formation, the first of the proposed reservoirs, was intercepted at 1054 metres
measured depth (MD).

A total depth of 1687 metres (MD) was reached on the 25th January 2006, 340
metres short of the proposed total depth of 2025 metres. This premature
termination was due to the presence of a granitic type igneous rock intercepted
at 1632 metres (MD) underlying the sedimentary section.

During drilling there were increases from time to time in gas readings. There
was also a substantial fracture zone identified at 1450 metres when the drill
string fell 20cm. The electric logs indicated the presence of at least 20
intervals of porosity and permeability which could be potential gas filled
reservoirs.

It was unanimously decided to suspend the well to enable testing at a later
date. A 5 inch liner was emplaced and a detailed analysis embarked upon of the
various logs which included sophisticated fracture detection logs. These studies
have resulted in the identification of four zones which will be tested
separately for hydrocarbon content.

At present preparations are being made to carry out those tests with a local
workover rig expected by the operator to arrive on site in June 2006.

Should these tests prove successful for hydrocarbon content the initial
productivity of the reservoirs will be assessed and on the basis of such
assessment the operational committee will consider undertaking artificial
fracturing enhancement.


The full news release can be found here
http://www.londonstockexchange.com/L....aspx?id=12318 95&source=RNS
:happy64:

[mike001]

Galaxy Energy Hires CTA Public Relations to Develop Various Investor Relations Tools
Tuesday May 30, 5:32 am ET

LOUISVILLE, Colo., May 30 /PRNewswire/ -- In its 21st year, CTA Public Relations has been retained by Galaxy Energy Corporation to design and produce various investor relations tools, including Galaxy's 2005 Annual Report, Corporate Profile and a redesign of the company's Web site.

Galaxy Energy Corporation, a development stage oil and gas exploration and production company, is focusing on acquiring and developing coalbed methane in the Powder River Basin of Wyoming and Montana and other unconventional natural gas properties in the Piceance Basin of Colorado. The company is also involved in exploration activities in Germany and Romania. For additional information, visit www.galaxyenergy.com.

Founded in 1985, CTA Public Relations has a successful track record of providing award-winning, results-driven public relations, investor relations and creative services to companies worldwide. Reflecting our results-oriented approach, CTA is a two-time winner of the coveted Silver Anvil Awards (considered the "Oscars" of our industry) presented by the Public Relations Society of America. CTA has grown to become one of the largest, fully integrated firms in the region. For more information about CTA Public Relations, visit www.ctapr.com or call 303-665-4200.:happy64: :happy64:

[tlagiloi]

Have been watching this stock for some time now.
IMO, there's better small cap investment in oil sands in a stock like MSEV.
MSEV is going to be doing a forward split 3 for 1 around June 12.
If you own 10,000 shares, you'll then own 30,000 shares after the forward
split. Connacher is up above $5 Canadian currently. It looks like MSEV
is going to take off soon. My guess is it'll happen after oil prices spike
in Nov.

My natural gas stocks which include some decent companies that aren't
tiny microcaps are all hurting right now with the downward trend in N Gas
prices. They'll recover when prices spike again come winter.

Oil is another critter entirely. As a commodity, it's holding its price.
It doesn't look like we're going to see $45 a barrel oil again unless
they tap Afghanistan's insanely huge supplies. Oil sands hold a better
value as an investment imo. Just my take.

[BigDreams]

I was wondering how you know that MSEV is going to be doing a forward split. I am new to investing and am only 20 years old. I am also very intersted in investing in GAX. Any helpful responses would be very well appreciated.

[J-boy]

Had a great response here, until my one year old hit the esc button -
heh, oh well.

My advice?
Stay way- do your own DD
Most f all- see how often people find answers to their questions about GAX.
Look here, look at Yahoo, and look at RagingBull.

[BigDreams]

3Diconcorp is my pick next week...buying up shares of that

[strain17]

I was wondering how you know that MSEV is going to be doing a forward split. I am new to investing and am only 20 years old. I am also very intersted in investing in GAX. Any helpful responses would be very well appreciated.

Unless you have insiders tipping you off you probably won't know. Then of course if they publicly announced it (http://biz.yahoo.com/pz/060525/99721.html), its a different story.

If you want, you can use yahoo finance for some quick company information and headlines. (finance.yahoo.com)

I see that you're trying to get into almost everything here :lmao:.LoL.
Just be careful to only "play" with what you can afford to lose. Good luck.

[Crix]

This "pump & dump" has only dropped to .88 since tipped!!!:happy64:

If you get out now you won't get burned nearly as bad as others who follow moron's that have been pitched by a boiler room scam artist.:happy64:

[Aequitas]

Great stock :mad: . Anyone else thinking of selling?

[J-boy]

Sell it brother.
Consider LFWK.PK
Take a look at RB board, AllStocks, and InvestorsHub

Mike is either a pumper, or had some crappy info
Either way, the fault is ours for taking the risk.
Better DD would have paid off

[Aequitas]

GAX just jumped 38 cents in two days. Still think it will break a dollar buy summers end Mike?

[Gluphus]

FOGL. I leave it to the reader as an exercise to determine why this is a good stock to have in the next 20 years.

http://www.fogl.com/fog/falkland.php?sec=1

[Aequitas]

Would you care to put your spin on it?

Aequitas

[Gluphus]

FOGL is a great long term stock.

typical British Empire way of thinking...put the pieces in place some 40 years before its needed...when the Middle East is dry, or geopolitk leverage is needed, turn on this spigot...

The value of this, besides the oil itself, is the defensibility of its location, no crazy people wanting to die for a cause, just a few cold weather animals and lots of blue ocean that allows safe sailing to the Anglo customers in the Crowns holdings and the US.

IMHO, I like this way of thinking, much like our shale tars/sands...let the others fight stuff out, develop the technology, use their resources first...

[mike001]

every body had a great chane to get in cheep! you can get in now and yes it will goto 2$ or more by summer's end but if your are short and looking for a big role. go to veags. and no i don't work in a boiler room and i'm not a pump and dump. look at the numbers all you nay babblers. you can't in vest and expcet a huge return in 1 to 2 weeks. learn the markets, or stay out of them. play poker in stead. :happy64:

[J-boy]

SELL GAX SELL SELL SELL SELL
Galaxy Energy Announces That the Glantal-1 Well in Germany is Not Productive
http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/07-28-2006/0004405768&EDATE=

[J-boy]

I think it's safe to assume that ownership probably dumped the hell out of this over the summer.
Not wonder results were so slow coming in.

[mike001]

GAX BUY BUY BUY..... winter is coming and also new $$$ in the company.
don't miss out @.27 pps. if you do you will kick your self. bashers beware.:happy64:

[mike001]

off like a rocket!!:happy64:

[tlagiloi]

It's Monty Python's Killer Rabbit! Run Away! Run Away! Run Away!

[dannykimji]

Strong buy untill $1.00 then watch for what comes out for news by 28 jan 2007. Keepyour @/@ on it!!!!!!!!!!!!!!!!!!!!!!sell or buy on that new's..........

[dannykimji]

GAX BEEN BUYING AS LONG AS IT'S BEEN GOING DOWN AND NOW TODAY1300 EST. UP 15% nothing but up from here!!!!!!!!!!!!!!!!!!!

[dannykimji]

1308 est. up 21% (gax)!!!!!!!!!!!!!!!!!!!!

[dannykimji]

sorry wrong thread !!!!!!!!!

[mike001]

GAX OFF LIKE A ROCKET!!! GET IN NOW :happy64:

[tlagiloi]

Sorry, this one's a dog, imo.

Said as much month's ago
and it went from bad to worse

whatever the pump right now
the dump will hurt and makes it too risky, imo.

[dannykimji]

Say What You Will I Made $2000.00 In Two Day's Don't Want . Don't Buy It . Bought It All The Way Down And Will Keep Buying All The Way Up To At Lease $1.00 The Old Man Is In On It Now. Was Waiting For That..................................

[mike001]

DONT MISS OUT BIG NEWS SOON. BUT I DON'T MEAN TOMROW. BUY LOTS, THEN HOLD. MIGHT TAKE A MONTH. LOOK AT MY ADVICE ON ARTX.

BUY GAX. YOU CAN BE RICH TOO:happy64:

[musicmankeb]

If you bought this stock I recommend just keeping it as it's so low now that you would take a huge loss selling. You'd be better off taking a rick and holding on to it. I do not agree that this was a good stock to invest in though as it has only been tanking the last several years. I never hit $3 like you predicted last year.... now it's below a dollar down to 22 cents.

[mike001]

ok all, got rich on the ARTX stock that i discussed on the other thread, and now the time for buying GAX is now. 50-75% increase very soon.:happy64:

[DinarInMikeswrld1]

ok all, got rich on the ARTX stock that i discussed on the other thread, and now the time for buying GAX is now. 50-75% increase very soon.:happy64:

GET REAL!!!! :drunk: :drunk: :drunk:
:lmao:

[Aequitas]

ok all, got rich on the ARTX stock that i discussed on the other thread, and now the time for buying GAX is now. 50-75% increase very soon.:happy64:

Take your crap to another forum. This stock sucks.

[dannykimji]

Bigger the risk Bigger the profit---------Or loss////////////////////

[hilljack13]

ok all, got rich on the ARTX stock that i discussed on the other thread, and now the time for buying GAX is now. 50-75% increase very soon.:happy64:

Gone down again.

Sittin at .15

I'll keep an eye on it but I aint jumping in yet.

[mike001]

ok all. it's time. take a real hard look at GAX time to jump in. you had your chance @ .15 now .21 you do the math. RICH:happy64:

[Rose]

I have shares of this stock and all it has done is bring my portfolio down. What's all the hype about?