Barnabus Energy showed up in my favourite scan today.
BBSE news link:
http://news.nasdaq.com/aspxcontent/newsHeadlines.aspx?mode=&page=&symbol=BBSE&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=bbse&FormType=&kind=&Leap=&mkttype=&sel=news&userinput=&x=9&y=4 (http://news.nasdaq.com/aspxcontent/newsHeadlines.aspx?mode=&page=&symbol=BBSE&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&symbol=&selected=bbse&FormType=&kind=&Leap=&mkttype=&sel=news&userinput=&x=9&y=4)
The weekly chart shows BBSE is breaking out of a long trading range on increasing volume.
In at $1.31
It looks very interesting, and I'm very much for solar.
Couldn't find much about the company, but got this from their website:
http://sec.gov/Archives/edgar/data/1176193/000114090505000053/barn205q.htm
Looks like it's a very small operation, but hey - if they can make it, then it's great!
I think I'll wait and see how it goes for a while though.
Cheers.
BBSE came up on my screen this morning also (along with MKRS). BBSE is also a producing oil/gas company with distribution channels into the US from Alberta.
Will try to catch it on the dip @$1.11-$1.15.
Penny oil stock. I posted it today in the chat room this morning, but no one liked it, so I didn't post. Oh, well. Blame it on Tommyt.
anybody started an investment??
update from yahoo news:
Barnabus Energy, Inc. (BBSE) is a unique diversified energy company involved in developing oil and natural gas opportunities in North America as well as undertaking the acquisition of technologies in the renewable energy field.
The Company's primary objective is to develop and market their renewable energy products including SolarSave™ the revolutionary, high performance commercial and residential solar roofing system; to develop Sunpak™ the durable lightweight portable power pack; and to develop design and produce Suncone a commercially viable solar concentrator.
Furthermore, Barnabus is committed to the exploitation of shallow gas pools and building midstream gas production in Southern Alberta, while continuing to develop their existing gas distribution pipeline. Additionally, the Company is pursuing alternative
energy resources that include solar energy.
The Southern Alberta region is rich in natural gas formations and the Company is working to realize the area's full potential. Barnabus Energy also intends to seek out shallow "sweet and sour*" gas reserves and production (*= determined by the sulfer content). The Company's alternative energy initiatives are focused on solar energy through a relationship with Solar Roofing Systems Inc (SRS), inventors of the patent pending SolarSave™ technology. SolarSave™is a new application of photovoltaic technology. Manufactured from a proprietary process, the photovoltaic cells are waterproof and generate electricity.
The management of Barnabus Energy Inc. is committed to the development of a diversified energy project portfolio and has closely aligned itself with key strategic partnerships that will move the Company forwards towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low risk development opportunities.
The Company Management believes that the time is right for a diversified portfolio of energy projects. This outlook is based on the strength of oil and natural gas pricing, combined with the relatively easy access to quality oil and gas prospects. Additionally, the renewable energy sector is currently undergoing explosive growth as many industry heavy-hitters such as BP, Shell, Chevron and GE are making strategic investments in wind, solar and hydrogen technologies. The combination of strong pricing, a fully funded drilling program, and a well-balanced portfolio of exploration and development opportunities alongside several new energy technology opportunities, positions the Company to add significant cash flow and reserves over the next year.
The company relies on the expertise of it's management, strategic alliance partners and industry consultants to ensure the authenticity of its reporting. The disclosure of Company activities, via news release, is fully reviewed by its corporate attorney, legal counsel and third party engineers prior to dissemination. All statements regarding oil and gas reserves are from arms-length, third party reservoir engineers. Through exploration and acquisition of low risk, high reward projects, the Company will generate and enhance value for its shareholders.
The strategy of the Company is to identify, acquire and develop profitable interests in oil and gas projects through the use of modern
development techniques such as horizontal drilling, high-resolution aeromagnetics, gravitometry and 2-D and 3-D seismic imaging. This will benefit the Company in defining areas that have not been fully developed, and that will lead to production and ultimately shareholder value.
Through exploration and acquisition of low risk, high reward projects, the Company will generate and enhance value for its shareholders. Additionally, the company exercises extensive due diligence when acquiring projects in order to fully evaluate their potential.
The renewable energy sector is currently undergoing explosive growth as many industry heavy-hitters such as BP, Shell, Chevron and GE are making strategic investments in wind, solar and hydrogen technologies. With this in mind, Company management has determined that the time is right for a diversification program that emulates the industry leadership shown by the majors. The strategy to accomplish this mission is via the acquisition of companies with existing, proprietary technologies and to guide them to profitability within a short period of time.
The criteria for these acquisitions is that they include a seasoned management team who can offer high efficiency, scalable projects that show a clear path to profitability. Barnabus Management intends to leverage their expertise in finance, the public markets as well as access to industry support and where applicable, government funding.
Barnabus Energy has shown strong fundamentals, having raised sufficient working capital to handle expenses, such as legal, auditing, and funding.
As of June 2005, Barnabus has raised $1,000,000 towards meeting an expenditure commitment of an estimated US $3,000,000 for the capital required for drilling, pipeline and facility construction for further development of its primary oil and gas project, Manyberries, in Southeastern Alberta. Upon completion of its acquisition strategy, the company projects that over a 12 to 24 month period, it will become a producer of 5,000 BOE/day (barrel oil equivalent per day) and 2,500 to 5,00 Mcf/day of natural gas (millions cubic feet). The Company plans to fully integrate renewable energy into their scope of business within three to five years.
The management of Barnabus Energy Inc. is committed to the development of a diversified energy project portfolio. The Company is developing oil and natural gas opportunities in North America as well as undertaking the acquisition of technologies in the renewable energy field. Management has closely aligned itself with key strategic partnerships that will move the Company forwards towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low risk development opportunities.
SUNCONE TECHNOLOGY
A new system called "Suncone" provides an inexpensive method of producing high-temperature solar energy collection using plastic films. Like the parabolic dish, it must be pointed toward the sun but requires less precision than a parabolic dish or parabolic trough. Air pressure within the enclosure maintains rigid configuration.
SOLARSAVE™ PHOTOVOLTAIC MODULES
The proprietary manufacturing process used in the production of SolarSave™ incorporates high-efficiency, monocrystalline cells with a single ply roofing membrane. SolarSave™ modules measure 4'x8' and are heat welded together during the application process, based on the design requirements of the customers roof top. The result is a roof that becomes one piece from edge to edge.
THE MANYBERRIES GAS PROJECT
Located in South Eastern Alberta encompasses properties prospective of natural gas production from three formations: from deepest to shallowest – they are; the Sawtooth, BowIslandand Pakowki Formations.
The Sawtooth Formation is where the Company has identified three potential gas accumulations (with estimated saleable gas reserves of 1.8Bcf, 1.0Bcf, and 1.5Bcf, respectively) and have identified target zones for gas on local highs that are associated with a regional up-dip stratigraphic sand pinch-outs located ½ to one mile west of the wells. Wells already drilled through the target formations for these locations flowed at 2 to 3 mmcf/day on drill stem tests from excellent sands that showed a 24% average porosity.
The Bow Island Formation area sands "A", "B", and "C" have tested natural gas at 427 Mcf/day from 3 feet of pay zone with net porosity in the Bow Island "B" sand. The Company has extrapolated from recent mapping that such tests should indicate the presence of a two Section gas pool. With 846-psi reservoir pressure, this accumulation would be expected to have 600 MMcf of saleable natural gas.
Additionally the Pakowki Formation sand, with 10 feet of pay zone, 30% porosity and 100 psi reservoir pressure, would be expected to have 0.75 Bcf risked reserve of producible natural gas per section.
Strategic Alliances and Ready Access to Markets
The Company's strategic alliance with Hansen Energy Services, coupled with Hansen's extensive experience in the Manyberries Area, will help to minimize costs associated with drilling and completion activities.
The Company controls a majority working interest in a local gas plant, which connects to the CMG Pendant D'oreille Plant owned by EnCana. This system of delivery gives the Company direct access to sell production gas into the United States system thus producing an extra $1.31/MMBtu on average more than what other regional producers are receiving by selling into the AECO system in Alberta.
Barnabus Energy Inc., netbacks will be quite attractive and will add increased profitability to shareholders
Moving Ahead
For 2005, the plan is to spend $3 - $4 million on capital expenditures with approximately one third of the capital budget targeted for exploration. The balance of the capital budget is allocated towards developmental drilling and additional pipeline infrastructure. The development drilling is planned for three to four zones. Exploration wells are being developed for the Manyberries area and additional development drilling locations in Manyberries are planned for 2006. The Company has initiated commitments towards acquiring additional interests in existing and new lands in the Manyberries area. Additionally, the Company will be looking at acquiring assets and other working interest partners in nearby projects. Existing infrastructure and facilities are jointly owned and have sufficient capacity to process the gas from these wells
INVESTMENT HIGHLIGHTS
Business: Oil & Natural Gas
Company Name: Barnabus Energy Inc.
Stock Symbol: OTCBB: BBSE
Average Daily Volume: 302.500
Shares Outstanding: 46.6 Million
Public Float: 8 Million
Fiscal Year End: Dec. 31
- Upside Potential: By acquiring profitable interest in oil and gas, the Company projects that over a 12 to 24 month period, it will become a producer of 5,000 BOE/day (barrel oil equivalent per day) and 2,500 to 5,00 Mcf/day of natural gas, generating positive cash flow to fund future projects.
- Expansion Opportunity: The energy industry is expecting considerable expansion over the next five-plus years in terms of exploration, new drilling activity, and refurbishment of existing wells in Southeastern Alberta.
- Diversified Energy Company: In addition to oil & gas, the Company is entering the alternative energy field with solar energy solutions through a partnership with Solar Roofing Solutions Inc. Solar's proprietary technology SolarSave™ has the potential to eliminate 20 tons of greenhouse gas and smog producing emissions each year.
- Strategic Alliances: The Company has established numerous strategic alliances, providing ready market access to established oil and gas distribution channels throughout North America.
$ 1.34 late friday, still time for entering the stage?
update from yahoo news:
http://biz.yahoo.com/pz/050823/84370.html
Barnabus Energy, Inc. (BBSE) is a unique diversified energy company involved in developing oil and natural gas opportunities in North America as well as undertaking the acquisition of technologies in the renewable energy field.
The Company's primary objective is to develop and market their renewable energy products including SolarSave™ the revolutionary, high performance commercial and residential solar roofing system; to develop Sunpak™ the durable lightweight portable power pack; and to develop design and produce Suncone a commercially viable solar concentrator.
Furthermore, Barnabus is committed to the exploitation of shallow gas pools and building midstream gas production in Southern Alberta, while continuing to develop their existing gas distribution pipeline. Additionally, the Company is pursuing alternative
energy resources that include solar energy.
The Southern Alberta region is rich in natural gas formations and the Company is working to realize the area's full potential. Barnabus Energy also intends to seek out shallow "sweet and sour*" gas reserves and production (*= determined by the sulfer content). The Company's alternative energy initiatives are focused on solar energy through a relationship with Solar Roofing Systems Inc (SRS), inventors of the patent pending SolarSave™ technology. SolarSave™is a new application of photovoltaic technology. Manufactured from a proprietary process, the photovoltaic cells are waterproof and generate electricity.
The management of Barnabus Energy Inc. is committed to the development of a diversified energy project portfolio and has closely aligned itself with key strategic partnerships that will move the Company forwards towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low risk development opportunities.
The Company Management believes that the time is right for a diversified portfolio of energy projects. This outlook is based on the strength of oil and natural gas pricing, combined with the relatively easy access to quality oil and gas prospects. Additionally, the renewable energy sector is currently undergoing explosive growth as many industry heavy-hitters such as BP, Shell, Chevron and GE are making strategic investments in wind, solar and hydrogen technologies. The combination of strong pricing, a fully funded drilling program, and a well-balanced portfolio of exploration and development opportunities alongside several new energy technology opportunities, positions the Company to add significant cash flow and reserves over the next year.
The company relies on the expertise of it's management, strategic alliance partners and industry consultants to ensure the authenticity of its reporting. The disclosure of Company activities, via news release, is fully reviewed by its corporate attorney, legal counsel and third party engineers prior to dissemination. All statements regarding oil and gas reserves are from arms-length, third party reservoir engineers. Through exploration and acquisition of low risk, high reward projects, the Company will generate and enhance value for its shareholders.
The strategy of the Company is to identify, acquire and develop profitable interests in oil and gas projects through the use of modern
development techniques such as horizontal drilling, high-resolution aeromagnetics, gravitometry and 2-D and 3-D seismic imaging. This will benefit the Company in defining areas that have not been fully developed, and that will lead to production and ultimately shareholder value.
Through exploration and acquisition of low risk, high reward projects, the Company will generate and enhance value for its shareholders. Additionally, the company exercises extensive due diligence when acquiring projects in order to fully evaluate their potential.
The renewable energy sector is currently undergoing explosive growth as many industry heavy-hitters such as BP, Shell, Chevron and GE are making strategic investments in wind, solar and hydrogen technologies. With this in mind, Company management has determined that the time is right for a diversification program that emulates the industry leadership shown by the majors. The strategy to accomplish this mission is via the acquisition of companies with existing, proprietary technologies and to guide them to profitability within a short period of time.
The criteria for these acquisitions is that they include a seasoned management team who can offer high efficiency, scalable projects that show a clear path to profitability. Barnabus Management intends to leverage their expertise in finance, the public markets as well as access to industry support and where applicable, government funding.
Barnabus Energy has shown strong fundamentals, having raised sufficient working capital to handle expenses, such as legal, auditing, and funding.
As of June 2005, Barnabus has raised $1,000,000 towards meeting an expenditure commitment of an estimated US $3,000,000 for the capital required for drilling, pipeline and facility construction for further development of its primary oil and gas project, Manyberries, in Southeastern Alberta. Upon completion of its acquisition strategy, the company projects that over a 12 to 24 month period, it will become a producer of 5,000 BOE/day (barrel oil equivalent per day) and 2,500 to 5,00 Mcf/day of natural gas (millions cubic feet). The Company plans to fully integrate renewable energy into their scope of business within three to five years.
The management of Barnabus Energy Inc. is committed to the development of a diversified energy project portfolio. The Company is developing oil and natural gas opportunities in North America as well as undertaking the acquisition of technologies in the renewable energy field. Management has closely aligned itself with key strategic partnerships that will move the Company forwards towards future acquisitions and growth. The company's model is a focused approach to the exploitation of targeted, low risk development opportunities.
SUNCONE TECHNOLOGY
A new system called "Suncone" provides an inexpensive method of producing high-temperature solar energy collection using plastic films. Like the parabolic dish, it must be pointed toward the sun but requires less precision than a parabolic dish or parabolic trough. Air pressure within the enclosure maintains rigid configuration.
SOLARSAVE™ PHOTOVOLTAIC MODULES
The proprietary manufacturing process used in the production of SolarSave™ incorporates high-efficiency, monocrystalline cells with a single ply roofing membrane. SolarSave™ modules measure 4'x8' and are heat welded together during the application process, based on the design requirements of the customers roof top. The result is a roof that becomes one piece from edge to edge.
THE MANYBERRIES GAS PROJECT
Located in South Eastern Alberta encompasses properties prospective of natural gas production from three formations: from deepest to shallowest – they are; the Sawtooth, BowIslandand Pakowki Formations.
The Sawtooth Formation is where the Company has identified three potential gas accumulations (with estimated saleable gas reserves of 1.8Bcf, 1.0Bcf, and 1.5Bcf, respectively) and have identified target zones for gas on local highs that are associated with a regional up-dip stratigraphic sand pinch-outs located ½ to one mile west of the wells. Wells already drilled through the target formations for these locations flowed at 2 to 3 mmcf/day on drill stem tests from excellent sands that showed a 24% average porosity.
The Bow Island Formation area sands "A", "B", and "C" have tested natural gas at 427 Mcf/day from 3 feet of pay zone with net porosity in the Bow Island "B" sand. The Company has extrapolated from recent mapping that such tests should indicate the presence of a two Section gas pool. With 846-psi reservoir pressure, this accumulation would be expected to have 600 MMcf of saleable natural gas.
Additionally the Pakowki Formation sand, with 10 feet of pay zone, 30% porosity and 100 psi reservoir pressure, would be expected to have 0.75 Bcf risked reserve of producible natural gas per section.
Strategic Alliances and Ready Access to Markets
The Company's strategic alliance with Hansen Energy Services, coupled with Hansen's extensive experience in the Manyberries Area, will help to minimize costs associated with drilling and completion activities.
The Company controls a majority working interest in a local gas plant, which connects to the CMG Pendant D'oreille Plant owned by EnCana. This system of delivery gives the Company direct access to sell production gas into the United States system thus producing an extra $1.31/MMBtu on average more than what other regional producers are receiving by selling into the AECO system in Alberta.
Barnabus Energy Inc., netbacks will be quite attractive and will add increased profitability to shareholders
Moving Ahead
For 2005, the plan is to spend $3 - $4 million on capital expenditures with approximately one third of the capital budget targeted for exploration. The balance of the capital budget is allocated towards developmental drilling and additional pipeline infrastructure. The development drilling is planned for three to four zones. Exploration wells are being developed for the Manyberries area and additional development drilling locations in Manyberries are planned for 2006. The Company has initiated commitments towards acquiring additional interests in existing and new lands in the Manyberries area. Additionally, the Company will be looking at acquiring assets and other working interest partners in nearby projects. Existing infrastructure and facilities are jointly owned and have sufficient capacity to process the gas from these wells
INVESTMENT HIGHLIGHTS
Business: Oil & Natural Gas
Company Name: Barnabus Energy Inc.
Stock Symbol: OTCBB: BBSE
Average Daily Volume: 302.500
Shares Outstanding: 46.6 Million
Public Float: 8 Million
Fiscal Year End: Dec. 31
- Upside Potential: By acquiring profitable interest in oil and gas, the Company projects that over a 12 to 24 month period, it will become a producer of 5,000 BOE/day (barrel oil equivalent per day) and 2,500 to 5,00 Mcf/day of natural gas, generating positive cash flow to fund future projects.
- Expansion Opportunity: The energy industry is expecting considerable expansion over the next five-plus years in terms of exploration, new drilling activity, and refurbishment of existing wells in Southeastern Alberta.
- Diversified Energy Company: In addition to oil & gas, the Company is entering the alternative energy field with solar energy solutions through a partnership with Solar Roofing Solutions Inc. Solar's proprietary technology SolarSave™ has the potential to eliminate 20 tons of greenhouse gas and smog producing emissions each year.
- Strategic Alliances: The Company has established numerous strategic alliances, providing ready market access to established oil and gas distribution channels throughout North America.
short term target: 1.50 $
long term target: 2.60 $
http://www.financial.de/pdf/scs/scs_050825.pdf
(unfortunately in German) :-\
nice work. Applaud.
AllPennyStocks.com Spotlights Barnabus Energy, Inc.
Tuesday August 30, 8:01 am ET
MISSISSAUGA, Ontario, Aug. 30, 2005 (PRIMEZONE) -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com), a leading penny stock / small-cap information site, released its latest spotlight company, Barnabus Energy, Inc. (OTC BB:BBSE.OB - News).
Barnabus Energy, Inc. (BBSE) is a unique diversified energy company involved in developing oil and natural gas opportunities in North America as well as undertaking the acquisition of technologies in the renewable energy field.
The Company's primary objective is to develop and market their renewable energy products including SolarSave(tm) the revolutionary, high performance commercial and residential solar roofing system; to develop Sunpak(tm) the durable lightweight portable power pack; and to develop design and produce Suncone a commercially viable solar concentrator.
http://www.allpennystocks.com/apsc/us/stock_profiles/bbse.htm
updated chart:
I would appreciate technical advice:
support at 1,18$ ?
chart:
Support @ 1.16....0.95...0.89
Resistance @ 1.28...1.37
MACD is Bullish......Stochastic is bullish.
Recent candlestick ....Bearish.....Doji on 26 August.
Today a Long Black Candlestick was formed. This shows that the prices declined significantly from open to close during the day under strong selling pressure.
But all this does not mean that the price of the stock will not go up.
updated chart:
8)
on fire on fire.....
;D
too late for entering ??
Chart:
nice pick, applaud
;D
check it out. No time to write anything up on this, but see for yourself.. laters.
please check vía search functionality the former postings 8)
it wasn´t too late but I didn´t :-\
chart:
I got out of BBSE @ $2.40 this am. ;)
Another stock watching web site has put out an alert on BBSE. They note the stock has has been moving nicely for the past two months & before the close last Friday, the stock touched its uptrend line when buyers began buying in. The stock has not had any news since 21 Sept. Has been trading on momentum. Selling has not been very strong which could indicate traders are waiting for some interesting news. If any of you have been monitoring this stock, would you consider this a good entry point?
Ready for another go at it......
Support @ $2.02...1.75...1.58
Resistance @ $2.29...2.37...2.88
Stochastic is bullish
Macd is neutral
1) Barnabus Energy Announces 2.5 Million Dollar Sales Order
Thursday , January 12, 2006 09:00 ET
SOLANA BEACH, CA, Jan 12, 2006 (MARKET WIRE via COMTEX) -- Barnabus Energy, Inc. (OTC BB: BBSE) announced today that its subsidiary, Solar Roofing Systems has secured a $2.5 million order from Stellar Energy Solutions.
Howard Gomes, Vice President of sales for Solar Roofing Systems, indicated that the sale of over 1000 SolarSave(TM) SP-480 modules represented a combined total of 500,000 watts of generated electrical power. Gomes stated, "This order reflects the incredible reception we are experiencing from the marketplace for our building-integrated photovoltaic roofing product (BIPV). Our light-weight, waterproof, high efficiency solutions are a winner in the making."
The customer, Stellar Energy Solutions, is a California-based renewable energy solutions provider, with a number of commercial and residential projects. Art Athas, VP of business development at Stellar Energy explained, "Our company identifies the best solar products in the market, then presents these technologies to architects, builders and other clients. The positive response we have received to the SolarSave(TM) roofing material for low-slope applications has been remarkable. Based on this reception, we were confident in placing this $2.5 million order." Initial projects for the SolarSave(TM) products will include a 36-home development project and several commercial buildings, with additional projects planned for the near future. David Saltman, CEO of Barnabus Energy, stated that, "This order represents the tip of the iceberg when it comes to the true marketplace potential of our products. As a result, we expect 2006 to be a very busy year for all of us as we continue to transform Barnabus, Solar Roofing Systems and Connect Energy into a Renewable Energy powerhouse."
2) Barnabus Energy Applauds Passing of California's Solar Initiative Program
Friday , January 13, 2006 11:30 ET
SOLANA BEACH, CA, Jan 13, 2006 (MARKET WIRE via COMTEX) -- Barnabus Energy, Inc. (OTC BB: BBSE) was pleased to learn today that the California Public Utilities Commission (CPUC) has approved the California Solar Initiative (CSI), thereby committing a combined $3.2 billion in incentive funds to drive consumers toward solar power over the next 11 years. This landmark vote creates the country's largest solar roofing program which is designed to provide rebates for homeowners, businesses, farmers and government projects investing in rooftop solar. The initiative is based on the Million Solar Roofs bill that was derailed last year in the state legislature. The new initiative plans for over 3,000 MW of solar power -- moving California into position as a world leader in solar energy.
The program adds $2.5 billion in rebate funds, available from 2007 through 2016, to the $300 million made available in December for 2006 and the $400 million already earmarked for solar power in the Public Goods Fund. The combined $3.2 billion program is the largest investment in solar power in America. By increasing demand 30-fold, the CSI promises to cut the cost of solar by 50% within 10 years, creating a mainstream, self-sufficient solar market.
The CSI establishes a 2006 rebate at $2.80 per watt and requires an annual decline of approximately 10%, based on the expected reduction in the cost of solar power. The rebate program would close at the end of 2016, at which point the prediction is that the cost of solar will be cost-effective without the rebate.
Currently, the average California homeowner considers installing a 2.5 kilowatt system. The planned rebate level would therefore discount the average $20,000 system price tag by about $7,000. For the next two years, homeowners can also take advantage of a federal tax credit furthering the reduction by an additional $2,000. Combining low interest loans, lowering the consumer's electrical bill and creating credit for excess solar generated electricity, homeowners could expect a return on their estimated $11,000 investment within the first month.
Barnabus CEO David Saltman stated, "We believe that with a combination of SolarSave(TM), CE tiles, and architectural PV glass, our Company offers complete solar electric solutions to the residential, commercial and industrial markets. Barnabus is now perfectly positioned to take advantage of the new California gold rush."
3) MicroCaps analysis:
The Best of Both Worlds For Energy Investors
Over the years I've examined literally hundreds of investment opportunities in the energy sector.I can speak confidently when I tell you that it's very rare to find a company that is so well positioned...and yet still virtually unknown.
But that's exactly the case with Barnabus Energy (OTCBB: BBSE)
When I first "discovered" Barnabus, my initial focus was on their oil and gas projects. What impressed me was the high quality of their natural gas properties. And, more importantly, the fact that the company was self-sufficient.
But once I dug a little deeper, I quickly learned that Barnabus Energy was far from your "ordinary" natural gas company.
Instead, their unique strategy – unlike any other I've seen – is to use their natural gas properties as a stepping stone to future riches with renewable energy projects.
Here – in a nutshell – is everything you need to know about Barnabus Energy:
1. The company's natural gas projects are significant. Pending development of proper infrastructure, Barnabus Energy could be producing anywhere from $100,000 to $150,000 per month in revenue from natural gas.
2. Barnabus Energy's strategic partnerships put them in perfect position to take advantage of the rapidly growing renewable energy market. The two primary products that Barnabus has invested in – a solar roofing product as well as a portable solar system (more on those in a moment) – could begin producing significant revenue for the company within just a matter of months.
3. The company is on solid financial footing. Barnabus Energy has generated enough capital to cover initial expenses and has already raised over $2 million toward the $3 million needed to develop its primary natural gas project.
4. Barnabus Energy will benefit from a strong, visionary management team. In early September, David Saltman was named CEO of Barnabus, bringing the company the experience and vision needed to pursue some very aggressive goals...and generate significant returns for shareholders.
Simply put, Barnabus Energy is the only company on the planet that is positioned perfectly for the changes in the energy market that we'll see over the next decade.
Oil & Gas:Barnabus Energy's Secret "Cash Cow"
Let's face it: oil and gas is by far one of the most lucrative investments going today.
After reaching a high of nearly $71 one day after Hurricane Katrina struck the Gulf Coast, crude oil has settled in very comfortably at well over $60 per barrel.
And natural gas is now selling for well over $12 per thousand cubic feet. That's more than double the $5 price from one year ago. And it's more than five times the $2 price from three years ago. What's more, the five-fold increase in price for natural gas goes hand-in-hand with the fact that demand for natural gas in North America is growing at three times the rate of supply.
Talk about a recipe for profits.
That's why Barnabus Energy's oil & gas properties alone make this an outstanding natural resource play. Barnabus Energy's primary gas property is the Manyberries Gas Project, located in Southeastern Alberta. Southeastern Alberta is a region with a 100-year history of producing natural gas, and it remains a region with incredible potential to this day. This combination of history and potential – together with a booming support industry in the region – means Barnabus Energy can bring their natural gas to market at a very low cost.
The potential for the Manyberries Gas Project is enormous. Over the next twelve months, Barnabus Energy expects to make additional acquisitions that will allow the company to produce 5,000 BOE/day of oil and up to 5,000 Mcf/day of natural gas.
At a price of $65 per barrel for crude oil and $12 per Mcf for natural gas, we're talking about the potential of nearly $400,000 per day in revenue.
But that's the longer-term picture – as I said, that's potentially 12 months out. In the short term, the company is expected to generate up to $150,000 per month in revenue by early 2006. So as you can see, the possibility exists for the numbers to accelerate in quite a hurry.
But – again – that's only half the story with Barnabus Energy.
The Next Step: Barnabus Energy's Renewable Energy Projects
By now I know what you're probably wondering:
With oil and gas prices so high, why would Barnabus Energy want to work on developing renewable energy projects?
The reason is twofold. First of all, renewable energy is undeniably the future – it's not a matter of "if" anymore, but "when". And second, the industry is undergoing explosive growth.
What kind of growth?
How about sustained increases of 30% per year for both solar and wind power?
According to Clean Edge Inc. – a research and strategy consultant – the solar energy market is expected to continue growing by 30% per year to nearly $27 billion by the year 2012.
And what's more, the total "clean energy" market is expected to grow to $92 billion by 2013 – about a seven-fold increase over its current size of $13 billion.
Here's one more fact that will prove beyond any doubt that this industry is booming: All of the "big boys" – BP, Shell, Chevron & GE – are now making significant investments in solar and wind technology. But it gets even better – recent legislation in California established the nation's largest, long-term solar power initiative, calling for the construction of one million solar homes and businesses over the next ten years. That initiative also called for half of all new homes built to include solar power by the year 2017.
Have I mentioned yet that Barnabus Energy is based in California?
The California initiatives are just the beginning, however. Finanical and tax incentives are in place all over the country to help encourage investment in solar – and wind – power.
Barnabus Energy – through its carefully-selected strategic partnerships – is right now perfectly positioned to take full advantage of this booming industry.
The strategy employed by Barnabus Energy's management team has been to look for – and acquire – companies with existing, proprietary technologies and to guide them to profitability within a short period of time.
As of this writing, Barnabus Energy has acquired a working interest in two companies with products that have the potential to take the market by storm.
Solar Roofing Systems
The first of Barnabus Energy's renewable energy acquisitions was Solar Roofing Systems. Currently, Barnabus Energy owns a 20 percent working interest in this company with an option to purchase a (total of 51) further 31 percent.
Solar Roofing Systems Inc. (SRS) is a manufacturing company dedicated to developing environmentally friendly energy products that utilize photovoltaics (solar power) to produce electricity. The company's signature product is its SolarSave roofing product –designed by a team of highly talented individuals, including three of the most renowned experts in the areas of photovoltaics and traditional roofing materials.
SolarSave is an integrated, photovoltaic roofing system that provides a waterproof roof for your home that also generates electricity.
But here's the "secret" that makes SolarSave so potentially valuable: The unique design has the ability to generate significantly more power per square foot of roof space than either traditional solar panels or thin-film photovoltaic technologies.
On average, thin-film technologies convert 7-10 percent of the sun's energy while the high-quality crystalline cells used in the SolarSave technology can actually exceed 20 percent.
That's more than double the power – for roughly the same cost.
By establishing relationships with major home builders, Barnabus Energy has some very aggressive – yet reachable – goals for SolarSave.
Early projections for SolarSave call for approximately $10 million in sales in the fiscal year 2006...$30 million in FY2007...and a whopping $60 million in FY2008.
Suncone – Producing Electricity and Fresh Water Economically
The second piece to Barnabus Energy's alternative energy strategy is the July 2005 acquisition of exclusive, worldwide rights to Suncone.
Suncone is a technology developed by Dr. Melvin Prueitt, the renowned author, inventor and former senior physicist at the Los Alamos National Laboratory.
Suncone is a high-efficiency solar technology that is capable of producing low cost electricity – or purifying brackish water – using only the concentrated energy of the sun.
Once development is fully completed, Suncone will provide cost competitive electricity to industrial parks, remote villages and even urban power grids.
The potential is virtually unlimited.
Suncone's key advantage is its ability to – thanks to its unique design – operate at higher temperatures and higher efficiencies than competitive products. Not only that, it should ultimately prove to be less expensive as well.
Barnabus Energy has contracted with HYTEC, a Los Alamos-based engineering firm, to produce the first working prototype for Suncone and develop a commercially viable system.
Current estimates call for that process to be completed by mid-2005, at which point marketing and distribution would begin.
Barnabus Energy Could Provide Triple-Digit Returns For Early Investors Within the Next 12 Months!
Let's take a look at the facts regarding Barnabus Energy.
* Prices for oil and gas are at extraordinarily high levels. And the long-term forecast calls for increasing demand...and decreasing supply. In short, prices for oil and gas aren't going to be dropping any time soon.
* So that means that Barnabus Energy's natural gas projects could prove to be exceptionally lucrative. Current estimates call for up to $150,000 per month in revenues by early 2006 with the potential for up to $400,000 per day in oil and gas revenue by the end of 2006.
* What's more, Barnabus Energy's drilling program is fully financed – they're not reliant on anyone else in order to crank up the machines.
Those three facts alone make the short-term prospects for Barnabus Energy very attractive.
But here's the kicker.
This company's aggressive approach to entering the renewable energy market – through intelligent, strategic partnerships – raises the potential return for early investors exponentially over a 3-5 year period.
Let's add it all up one more time:
Barnabus Energy could potentially produce as much as $600,000 per month from its gas operations in Calgary by the end of 2006.
And the annual revenue projections for SolarSave – its proprietary roofing technology – call for revenues of $10 million in 2006...$30 million in 2007...and $60 million in 2008.
But that's before any projections are included for Suncone.
The truth is...there's an enormous amount of potential for this stock. The market cap could easily reach $300 million within the next two or three years.
All for a stock that is currently trading at roughly $2.00.
Not to mention the fact that Barnabus Energy intends to continue searching for new renewable energy opportunities to add to its portfolio over the next 24 to 36 months. In fact, the company is currently evaluating several projects for potential acquisition as of this writing.
As I said at the beginning of this letter, I'm convinced that Barnabus Energy – because of its natural gas properties and its unique strategy of diversification – could very well be the energy stock of the decade.
Simply put, returns of more than 300% are quite possible within the next 3 months.
To learn more about Barnabus Energy (OTCBB:BBSE) simply call investor relations today at 1-800-250-2610 or visit www.barnabusenergy.com.
4) chart:
http://stockcharts.com/def/servlet/SC.web?c=bbse,uu[e,a]ehclyyay[d15][pc50!c200!c9!c14!c100!c20!d20,2!h.02,.20!f][vc60][iul14!la12,26,9!lh39,3!li14,3!lh14,3!lp14,3,3!lp5,3,3!le12,26,9!ld20!lyb20,2.0!lc20!lk14!lya7,14,28!lf!lg!lb5!lb14!lb39!lh45,17!lv25!lw25][J52583244,Y]&pref=G
Please do your own DD ;)
TA Link:
http://www.stockta.com/cgi-bin/analysis.pl?symb=BBSE&num1=3&cobrand=windchart&mode=stock
strong support @ 1.85$
BBSE update part 2:
Natural gas – which was selling for as little as $2 per thousand cubic feet just three years ago – is now selling for over $11.
And crude oil prices are holding steady at well over $60 per barrel.
There's no question about it: energy demand is soaring at a time when – historically speaking – prices are off the charts.
But it's because of these high prices – and the soaring demand that the small, relatively unknown company I've just discovered presents not just a solid investment opportunity...
Instead, this diversified energy company could prove to be the energy stock of the decade!
Here's what's so exciting about Barnabus Energy, Inc.: this company is growing from a traditional energy story into a forward- thinking renewable energy play.
This remarkable company has begun to execute a brilliant strategy...one that is unlike any other I've seen before. Barnabus Energy Inc. is using its solid portfolio of natural gas projects to provide a steady income stream...and help fund some revolutionary renewable energy projects that could help early investors make a fortune!
Yes...they're using the revenues provided from their natural gas projects as a "stepping stone" into the highly lucrative renewable energy market.
And what's more, they've already hit the ground running – to the tune of at least $4 million in pre ordered sales for early 2006 – with a handful of highly lucrative renewable sales contracts, and that's just the beginning...
The Best of Both Worlds For Energy Investors
Over the years I've examined literally hundreds of investment opportunities in the energy sector.
I can speak confidently when I tell you that it's very rare to find a company that is so well positioned...and yet still virtually unknown.
But that's exactly the case with Barnabus Energy (OTCBB:BBSE).
When I first "discovered" Barnabus, my initial focus was on their oil and gas projects. What impressed me was the high quality of their natural gas properties. And, more importantly, the fact that the company was self-sufficient.
But once I dug a little deeper, I quickly learned that Barnabus Energy was far from your "ordinary" natural gas company. Instead, their unique strategy – again, unlike any other I've seen – is to use their natural gas properties as a stepping stone to future riches with renewable energy projects.
Here – in a nutshell – is everything you need to know about Barnabus Energy:
1) The company has significant oil and gas assets. Barnabus Expects to produce the equivalent of 5,000 barrels of oil per day within the next 12 to 24 months from its gas project in Alberta Canada. Over the next twelve months, 10 to 20 wells are scheduled to be in production and, with them, a cash flow of $20,000 per day – or $600,000 per month in revenue from natural gas.
2) Barnabus Energy's strategic partnerships put them in perfect position to take advantage of the rapidly growing renewable energy market. The two solar products that Barnabus is developing – a solar roofing product and a revolutionary solar concentrator (more on those in a moment) – will begin producing significant revenue for the company within just a matter of months.
3) Barnabus Energy will benefit from a strong, visionary management team. In early September, David Saltman was named CEO of Barnabus Energy Inc., bringing the company the experience and vision needed to pursue some very aggressive goals...and generate significant returns for shareholders.
Solar Power is the Future of Alternative Energy – and BBSE is the Future of Solar!
4) Barnabus Energy already has contracts in place for $4 million dollars in roof panels for early 2006. That puts them well ahead of the curve as their original sales projections for 2006 are $10 million. 2 months away from '06 and they're already 40% of the way to meeting '06 sales projections! So you can see why initial projections of 30 million in '07 and 60 million in '08 are not at all unreasonable. And this is just from one of their products...
time for entry??
Barnabus Energy Rated 'Speculative Buy,' Target $3.57 By Investrend Affiliate Beacon Equity Research
Monday , January 23, 2006 00:55 ET
Jan 23, 2006 (financialwire.net via COMTEX) -- January 23, 2006 (FinancialWire) (Investrend Research Syndicate) Barnabus Energy Inc. (OTCBB: BBSE) has been rated "Speculative Buy" with a price target of $3.57 by Investrend Research affiliate Beacon Equity Research. The report is authored by Senior Research Analyst, Shailesh Dhuri.The full report is available at http://www.beaconequityresearch.com and http://www.investrendresearch.com
In the report Mr. Dhuri writes, "Barnabus Energy recently made a strategic change in its focus and is presently exploring opportunities in the solar energy sector through strategic acquisitions and technology licenses in order to serve lucrative markets in the US and abroad. To the Company's advantage, the much awaited California Solar Initiative (CSI) program received approval from the California Public Utilities Commission (CPUC). The approval commits a combined $3.2 billion in incentive funds to drive consumers toward solar power over the next 11 years.
Barnabus' Suncone solar concentrating technology is projected to be significantly less expensive than competitive solar trough or dish technologies currently used today. The cost to produce a 50 square meter Suncone unit is $6,900, or $139 per square meter. Presently, trough collectors (which are not as efficient as Suncone collectors) cost about $250 per square meter, and dish collectors about $400 per square meter. The lower power cost should spur rapid adoption of the technology and generate significant revenues for the Company."
Beacon Equity Research, LLC is a fee-based, comprehensive investment research firm, focusing primarily on the underserved small-cap sector. All Beacon analysts are seasoned industry professionals and adhere to the CFA Institute's (CFAI) stringent ethics and standards of practice guidelines. Beacon Research does not have any investment banking relationships with any of the companies covered. All analysts are compensated prior to performing their investment research and are not compensated in any way based on the future performance of the equities they follow.
Both Beacon Equity Research and Investrend subscribe to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com and the research is enrolled for investor monitoring by the Shareholders Research Alliance (http://www.shareholdersresearch.com). Beacon Research Partners has been compensated $18,000 by Barnabus Energy Inc. for twelve months of enrollment in its research program.
Complete information is available at the company's InvestorPower page at http://www.investrend.com/company/list.asp?sPathParam=yes . Investors are advised to read disclosures carefully before trading in the equities of any enrolled company.
Anyone interested in receiving alerts regarding Barnabus Energy Inc. research should email
[email protected] and
[email protected] with "BBSE" in the subject line.
For up-to-the-minute news, features and links click on http://www.financialwire.net
Changed Ticker Symbol.......
'BBSE.OB' is no longer valid. It has changed to OEGY.OB.
"BBSE.OB/OEGY.OB" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;)
I will leave you today's chart.......
Press Release Source: Open Energy Corp.
Open Energy Receives $4.21 Million Order From SolarPro
Monday July 2, 9:00 am ET
Company's SolarSave Tiles Will Be Installed in New Residential Development in Central California
SOLANA BEACH, CA--(MARKET WIRE)--Jul 2, 2007 -- Open Energy Corp. (OTC BB:OEGY.OB - News), a renewable energy company focused on providing solar solutions to its residential and commercial customers, today announced a $4.21 million dollar purchase order for SolarSave® PV Tiles from SolarPro International, a solar integrator based in Sacramento, California. Open Energy's building integrated PV tiles will be installed on approximately 375 new single-family residences in the Placer County development.
Homes will be equipped with 2-kilowatt rooftop systems, representing about half of the total electrical requirements of each property. The remainder of the rooftops will be surfaced with Eagle Roofing's cement tile products. Homes are currently under construction, with build-out of the projects expected to occur over the next thirty-six months.
David Saltman, CEO of Open Energy, announced: "Kevin Boedecker and his team at SolarPro have done a phenomenal job designing this project and convincing the developer that our SolarSave® PV Tiles can help them market properties, as well as generate significant utility savings for their homeowners. We look forward to accelerating our sales through this important channel."
Kevin Boedecker, President of SolarPro, commented, "I have been working in the solar industry since 1980, and there has never been this level of interest in residential and commercial systems. The economic feasibility and environmental benefits of renewable energy are generating a great deal of activity. The big commercial builders recognize the value proposition of going solar and are embracing the technology in a number of their projects. It is an exciting time to be in this business."
About Open Energy (OTC BB:OEGY.OB - News)
Open Energy Corporation is a renewable energy company focused on the development and commercialization of a portfolio of technologies capable of delivering cost-competitive electricity, fresh water and related commodities on a global basis. Open Energy offers building-integrated photovoltaic (PV) roofing materials for commercial, industrial, and residential customers. Marketed under the trade name SolarSave®, the product line includes roofing membranes, roofing tiles, custom architectural PV glass, and balance of systems equipment. The Company also holds an exclusive, worldwide license to a solar thermal technology called SunCone(TM) CSP (Concentrating Solar Power). The company's mission is to enhance life by harnessing the power of the sun. For more information on Open Energy Corporation, please visit www.openenergycorp.com.
About SolarPro
SolarPro Energy International has been designing and installing photovoltaic, solar thermal and wind systems throughout the western US for over 25 years. They offer a complete line of commercial and residential solar energy solutions, including on and off grid systems, consulting, design engineering, sales installation, and service. As a complete, turnkey operator, they support permitting, grid interconnectivity, and rebate processing. SolarPro also manufactures and distributes their patented SolarMaxx solar pool heating systems, and Solamatic solar hot water systems. For more information on SolarPro, please visit their website at www.getsolarized.com.
Safe Harbor for Forward-Looking Statements
Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Open Energy to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, customer demand for its products, the execution of definitive agreements related to the transactions described within this release, the ability of either or both parties to perform under such definitive agreements, either company's ability to scale up manufacturing to meet demand, and other factors over which Open Energy has little or no control. Open Energy undertakes no obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.
Contact:
CONTACT:
Open Energy Corporation
Investor Relations
Boundary Point Investor Relations
Brad Long
P: 866-469-3649
[email protected] Public Relations
Open Energy Corporation
Songul Atacan
P: 858-794-8800
[email protected] CONTACT:
SolarPro Energy Systems
Kevin Boedecker
President
P: 916-899-8000
http://www.getsolarized.com/aboutus.html
--------------------------------------------------------------------------------
Source: Open Energy Corp.
Strong move, Great product, Sales! Long Recommendation...
It has state of the art solar technology and a great staff and board.
Don't miss getting in on this one. Projection of +$1.50 within the next months.
Don't take my word for it, check it out yourself...Do your own DD !
All is JMHO of course... ;) ;D
Support @ 0.40...0.37...0.33
Resistance @ 0.51...0.53...0.55
52wk Range: 0.60 - 2.53
Volume: 1,713,329....... ;D
Avg Vol (3m): 293,925
Technicals
Percentage Gainer
Last Price Quote is:
4.63%above 13-day MA
4.77%above 50-day MA
RS Rating: N/A
OEGY...up big. I guess because of this filing.
Form SC 13DQuercus Trust - OEGY
Filed: July 19, 2007 (period: )Filing by person(s) reporting owned shares of common stock in a public company >5%
http://phx.corporate-ir.net/phoenix.zhtm...
Date Number of Shares Price Per Share EP
05/23/07 250000 0,5105 127.625
05/24/07 550000 0,5779 317.845
05/25/07 200000 0,645 129.000
05/30/07 160000 0,5654 90.464
05/31/07 65000 0,5712 37.128
06.01.2007 75000 0,5387 40.403
06.04.2007 100000 0,52 52.000
06.05.2007 60000 0,49 29.400
06.06.2007 237000 0,5555 131.654
06.07.2007 400000 0,5688 227.520
06.08.2007 300000 0,5492 164.760
06.11.2007 275000 0,5264 144.760
06.12.2007 250000 0,4925 123.125
06/13/07 275000 0,4664 128.260
06/14/07 77500 0,49 37.975
06/15/07 250000 0,481 120.250
06/18/07 45000 0,47 21.150
06/19/07 30000 0,465 13.950
06/20/07 100000 0,48 48.000
06/21/07 50000 0,48 24.000
06/22/07 50000 0,48 24.000
06/25/07 75000 0,47 35.250
06/26/07 50000 0,465 23.250
06/27/07 125000 0,5035 62.938
06/28/07 125000 0,5 62.500
06/29/07 250000 0,4694 117.350
07.02.2007 125000 0,537 67.125
07.09.2007 600000 0,4368 262.080
07.10.2007 550000 0,4134 227.370
07.12.2007 250000 0,474 118.500
07.12.2007 200000 0,4756 95.120
07/13/07 160000 0,4831 77.296
07/16/07 150000 0,4517 67.755
07/17/07 150000 0,4533 67.995
07/18/07 700000 0,5242 366.940
shares total 7309500 EP miousd 3.684.737
Quote from: setravis on July 11, 2007, 06:05:19 PM
Strong move, Great product, Sales! Long Recommendation...
It has state of the art solar technology and a great staff and board.
Don't miss getting in on this one. Projection of +$1.50 within the next months.
Don't take my word for it, check it out yourself...Do your own DD !
All is JMHO of course... ;) ;D
The Company also holds an exclusive, worldwide license to a solar thermal technology called SunCone(TM) CSP (Concentrating Solar Power). The company's mission is to enhance life by harnessing the power of the sun. For more information on Open Energy Corporation, please visit www.openenergycorp.com.
The company is focused on the development and commercialization of a portfolio of technologies capable of delivering cost-competitive electricity, fresh water and related commodities on a global basis.
Open Energy offers building-integrated photovoltaic (PV) roofing materials for commercial, industrial, and residential customers. Marketed under the trade name SolarSave®,
The product line includes roofing membranes, roofing tiles, custom architectural PV glass, and balance of systems equipment.
Symmetrical Triangle (continuation) Pattern...BreakOut !
Also we have the "Golden Cross"
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
58.98%above 13-day MA
64.36%above 50-day MA
should bounce from 0.60 support
Retest of the ,
Symmetrical Triangle BreakOut.......
I would be careful with OEGY.OB, as it may just be news driven run up,
but the alternate energy plays are hot, like CPTC.OB .... ;)
52wk Range: 0.40 - 2.53
Volume: 962,930
Avg Vol (3m): 375,581
Technicals
Percentage Gainer
Last Price Quote is:
5.75%above 13-day MA
16.48%above 50-day MA
this stock looks hot and nice
you know this
Sec filings zu Open Energy:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CI...
9.884.500 stocks of Open Energy (=10.67% based on 92.651.519 shares of Common Stock)
David Gelbaum
This Solar penny is getting some newsletter coverage, see the attached link (although not named the stock in question is OEGY).
http://www.angelnexus.com/o/web/3287
One to add to the list of Solar maybe's ;)
OEGY.ob may be one to watch. May have found it's bottom...either way I don't think it would go below .28. Hasn't taken part in the solar craze as of late...and there may have been tax loss selling at the end of 2007 ???
$33 million market cap....OEGY has a unique product...take a look on OEGY's website;
http://www.openenergycorp.com/projects/projects.php