Removes sulphur from crude oil.
With the price of oil at current levels, this looks to me as a good bet.
Recent major contract.
Support @ $4.58...4.31...3.99
Resistance @ $4.79...5.29...6.01
Above the 50 and 200-day MA...50-day MA is crossing over the 200-day MA
MACD is bullish
Stochastic is bullish
Technicals
Close Above the 13-day EMA
Percentage Gainer
Last Price Quote is:
3.23%above 13-day EMA
10.34%above 50-day EMA
Profile Get Profile for:
Sulphco Inc.
850 Spice Islands Drive
Sparks, NV 89431
Phone: 775-829-1310
Web Site: http://www.sulphco.com
DETAILS
Index Membership: N/A
Sector: Basic Materials
Industry: Independent Oil & Gas
Full Time Employees: 13
BUSINESS SUMMARY
SulphCo, Inc., a development stage company, engages in the development and commercialization of technology for upgrading and desulfurizing of crude oil and petroleum products. Its Sonocracking process is based upon the use of ultrasonics that include the application of energy and frequency sound waves to effect beneficial changes, such as reduction in the weight percentage of sulfur, as well as a reduction in the parts per million of nitrogen in the chemical composition of crude oil. The company's target customers include crude oil producers and refiners. SulphCo has a collaboration agreement with ChevronTexaco Energy Technology Co. to develop and commercialize Sonocracking ultrasound technology. The company is headquartered in Sparks, Nevada.
Form 10QSB for SULPHCO INC
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11-Aug-2005
Quarterly Report
Item 2. Plan of Operation
Our Business
We are engaged in the business of developing and commercializing our patented and proprietary technology for the upgrading of crude oil. Our patented and proprietary process, which we refer to as Sonocracking, is based upon the novel use of high power ultrasonics the application of high energy, high frequency sound waves to effect beneficial changes in the chemical composition of crude oil. These beneficial changes include an increase in the gravity of the crude oil and a corresponding increase in the amount of lighter oils that can be recovered during refining processes. Other beneficial changes to the crude oil as a result of the Sonocracking technology include a reduction in the weight percentage of sulfur as well as a reduction in the parts per million of nitrogen. Although our primary focus has been the application of the Sonocracking technology to crude oil, we believe that beneficial changes to other petroleum products and chemicals are also possible.
The initial markets for our Sonocracking technology and our Sonocracker units are expected to be crude oil producers and refiners. The economic value of crude oil is driven largely by both the gravity of the crude and sulfur content. Because our technology is expected to increase the gravity of the crude oil and at the same time reduce the sulfur content in a cost-effective way, the successful commercialization of our technology can be expected to produce economic benefits to future customers in these markets.
References in this report to we,us,our company and SulphCo refer to SulphCo, Inc., a Nevada corporation.
Development and Commercialization Activities
We have been developing our Sonocracking technology on an ongoing basis since January 1999. Testing has been done through in-house facilities, and more recently by ChevronTexaco Energy Technology Co. (ChevronTexaco), a unit of ChevronTexaco Corp. Beginning in mid-2002 our development activities have centered around re-designing, upgrading and testing of laboratory scale prototypes utilizing more powerful ultrasonic generators, and redesigning these prototypes to accommodate the more powerful generators. Substantially all of the development work to date has been conducted by SulphCo personnel.
In January 2005 ChevronTexaco installed a 2,000 bbl/day Sonocracking system in its pilot plant at the Richmond Technology Center in Richmond, California, using components owned by us to further evaluate our technology. Our collaboration agreement with ChevronTexaco expired by its terms on July 6, 2005. We are unable to predict when or if we will enter into any new business agreements with ChevronTexaco or the terms of any such agreements.
We are completing construction of our first commercial 5,000 bbl/day Sonocracking unit at our facilities in Sparks, Nevada. Construction of the unit is a culmination of months of testing of the internal components of the unit at our facility. The 5,000 bbl/day unit is designed to be modular in order to facilitate both scalability and maintenance. We intend to configure five of the 5,000 bbl/day units to make up a single 25,000 bbl/day unit.
SulphCo is continuing its Sonocracking development work on crude oil, primarily through data generated from its pilot plant located at its headquarters in Sparks, Nevada. SulphCo is also developing and testing improved ultrasonic probes and associated electrical components at the same facility.
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During the next 12 months we intend to continue development and commercialization activities currently underway and to explore new activities. In this regard:
We completed design and engineering work for a 25,000 bbl or more per day Sonocracker unit during the second quarter of 2005. Once the design and engineering work for the 25,000 bbl unit is fully tested, we intend to manufacture two initial 25,000 bbl units in anticipation of receipt of a customer order.
We plan to continue to engage in development and testing activities, both at our facility and in collaboration with other parties.
We expect to continue to explore partnerships, joint ventures, licensing and other relationships conducive to the further development and deployment of our Sonocracking technology.
In February 2005 we entered into an agreement with OIL-SC, Ltd (OIL-SC) based in Seoul, South Korea, which provides for the sale by us to OIL-SC of a Sonocracker pilot plant utilizing our Sonocracking technology for $1 million and the appointment of OIL-SC as our marketing representative for oil refiners in South Korea. The pilot plant, which is expected to have a processing capacity of up to 2,000 bbl/day, will be located in South Korea, and is intended to both serve as a demonstration unit for our Sonocracking technology to South Korean refiners and to upgrade petroleum products which OIL-SC purchases on the open market. We recently completed construction and testing of the plant components and expect to deliver and assemble the Sonocracker unit in South Korea in August 2005. We will also provide start-up assistance in connection with OIL-SCs operation of the pilot plant.
The agreement with OIL-SC calls for the $1 million purchase price for the pilot plant to be paid to us in installments. The initial installment of $300,000 was paid to us on March 15, 2005 and the second installment of $200,000 was paid to us on June 30, 2005. Additional installments of $50,000 and $450,000 are payable on September 1 and December 1, 2005. This agreement also provides that OIL-SC is entitled to a full refund of all payments if the pilot plant does not operate within agreed specifications within 90 days of the installation of the pilot plant. These specifications call for the pilot plant to upgrade a specified grade of medium weight crude oil (Arab Medium Crude) by increasing its gravity (API) by 9.8%, reducing sulfur weight content by 29.4%, and reducing nitrogen content by 29.9%. As the payment of the $1 million purchase price is refundable if the pilot plant does not meet the agreed specifications, no portion of the purchase price has been or will be recorded as revenue in our financial statements until the pilot plant is successfully installed and tested under the agreement with OIL-SC.
In July 2005, we entered into a Manufacturing Agreement with Jaie Haour Group of Taiwan (JH Group) which provides for the manufacture by JH Group of major structural components for our Sonocracking units. The agreement specifies that JH Group will manufacture, the frames, tanks, piping and certain other components for the Sonocracking units, as well as provide component sourcing, technical design and development assistance. JH Group will also assist SulphCo by providing personnel for equipment installation support. JH Group has constructed components for a Sonocracking unit for our customer, OIL-SC, in South Korea.
In May 2005, we entered into a Manufacturing Agreement with Märkisches Werk GmbH (MWH) which provides for the manufacture by MWH of our Sonocracking probe assembly and reactor (Equipment). Under the terms of the Manufacturing Agreement we are required to purchase Equipment we may require from time to time exclusively from MWH, so long as MWH is able to meet certain requirements as to price, quality and delivery schedules. The Manufacturing Agreement has a term of five years, subject to earlier termination upon the occurrence of specified defaults.
In February 2004 we formed a joint venture with two Kuwaiti nationals to engage in the marketing of our technology in Kuwait. To date, marketing activities by the Kuwait joint venture have been limited to exploring sales of demonstration units in Kuwait. We have not licensed our Sonocracking technology to the joint venture and we are unable to determine at this time what activities, if any, the Kuwait joint venture will undertake in the future.
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The nature and timing of our activities over the next 12 months and beyond cannot be predicted with certainty, as they are dependent upon a number of factors, including the timing of completion of development and commercialization milestones and the business requirements of third parties. We do not expect to generate any revenues from the sale of Sonocracker units or the licensing of our technology until at least the second half of 2005.
Liquidity and Financial Results
As of July 31, 2005, we had $7,138,457 in available cash reserves. Included in this amount is $500,000 in refundable installment payments (unearned revenue) received related to the pending delivery of a pilot plant by us to OIL-SC. Additional refundable installments of $50,000 and $450,000 are payable on September 1 and December 1, 2005. We believe our current cash reserves, excluding the unearned revenue noted above, are sufficient to meet our current obligations and fund our operations for the next 12 months.
We currently have a total of $1,000,000 due to related parties that is payable December 31, 2005 and carries an 8% interest rate. We also have a $7,000,000 note payable to a related party due December 31, 2007 with a variable interest rate of LIBOR plus .5% adjusted quarterly, based on the one-month LIBOR rate (See Financing Activities below). We currently use the proceeds to fund our day to day operations and meet our current obligations.
We are a development stage company and have not generated any material revenues since we commenced our current line of business in 1999. We do not anticipate generating any material revenues on a sustained basis unless and until a licensing agreement, sale of an initial production scale unit, or other commercial arrangement is entered into with respect to our technology.
As of June 30, 2005, we had an accumulated deficit of approximately $27.0 million, which includes approximately $6.9 million of stock-based compensation. For the six months ended June 30, 2005, we incurred losses of $4.7 million, of which approximately $1.1 million represents stock-based compensation payable to directors, officers and consultants.
These losses are principally associated with the research and development of our upgrading and desulfurization technologies, development of pre-production prototypes, and related marketing activity, and we expect to continue to incur expenses in the future for development, commercialization and sales and marketing activities related to the commercialization of our technologies.
The $4.7 million loss for the six months ended June 30, 2005, also includes: (1) approximately $760,000 of accrued late registration fees payable to investors in our June 2004 private placements resulting from delays in an SEC registration completed in June 2005 (See Financing Activities below);
(2) a $234,000 loss on impairment of asset, as we have determined that a previously capitalized prototype no longer reflects the value of our commercially viable technology.
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Our estimated monthly cash outflow, or cash burn rate, as of the date of this report, for fixed and normal recurring operating expenses, is approximately $400,000 per month, as follows:
Salaries and consulting expenses $ 177,000
Plant and property leases 37,000
Professional fees 60,000
R&D Expenses 31,500
Interest expense 26,000
Office, phone, utilities 8,000
Patent costs 30,000
Travel and entertainment 23,500
Miscellaneous 7,000
Total $ 400,000
The foregoing amounts represent fixed and normal recurring cash operating expenses, and are exclusive of non-recurring items such as capital expenditures. Additional funding requirements during the next 12 months may arise upon the placement of an order by a future customer for one or more Sonocracker units. We expect that funding for the cost of manufacturing of any particular unit would be available either from current cash reserves or from potential customers before we commence manufacturing the unit. In addition, as we are unable to determine the precise timing of development activities or receipt of customer orders, monthly cash outflow may increase significantly as we increase our research and development activities, and prepare for additional assembly and manufacturing duties associated with the deployment of the Sonocracking technology.
Salary and consulting expenses represents salary and payroll costs for all of our full time employees and consulting payments.
Monthly fixed and recurring expenses for Plant and property leases of $37,000 represents the monthly lease payment to an unaffiliated third party for our facility located at 850 Spice Islands Drive for approximately 93,000 square feet of executive offices, research facilities and manufacturing space.
Included in professional fees are estimated recurring legal fees paid to outside corporate and patent counsel and ongoing litigation expenses, audit and review fees paid to our independent accountants, and fees paid for investor relations.
We anticipate that our existing capital resources will be sufficient to fund our cash requirements through the next 12 months. The extent and timing of our future capital requirements will depend primarily upon the rate of our progress in the development and commercialization of our technologies, the terms of any future commercial arrangements, and the timing of future customer orders.
To date we have generated no material revenues from our business operations. We are unable to predict when or if we will be able to generate additional revenues from commercial activities or the amounts expected from such activities. These revenue streams may be generated by us or in conjunction with collaborative partners or third party licensing arrangements, and may include provisions for one-time, lump sum payments in addition to ongoing royalty payments or other revenue sharing arrangements. However, we presently have no commitments for any such payments.
In the past we have financed our research and development activities primarily through debt and equity financings from our principal shareholder, Dr. Rudolf W. Gunnerman, and other parties. Sources of additional capital include the exercise of additional investment rights and warrants issued to investors in the June 2004 private placements, and funding through future collaborative arrangements, licensing arrangements and debt and equity financings. We do not know whether additional financing will be available on commercially acceptable terms when needed. If we are unable to secure such additional financing when needed, we may have to curtail or suspend all or a portion of our business activities. Further, if we issue equity securities, our shareholders may experience dilution of their ownership percentage.
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Financing Activities
As of June 30, 2005, a short-term promissory note in the amount of $500,000 was outstanding and payable to Dr. Gunnerman. The note is due December 30, 2005 and carries an interest rate of 8 percent per annum. The agreement provides for mandatory prepayments from revenues we receive from the sale of our products or the licensing of our technology or otherwise, and from the amount of unrestricted loan or equity financings we receive.
As of June 30, 2005, a short-term promissory note in the amount of $500,000 was outstanding and payable to Erika Herrmann, the sister-in-law of Dr. Gunnerman. The note is due December 30, 2005 and carries an interest rate of 8 percent per annum. The agreement provides for mandatory prepayments from revenues we receive from the sale of our products or the licensing of our technology or otherwise, and from the amount of unrestricted loan or equity financings we receive.
In June 2004 we conducted two private placements with institutional and other third party investors for the sale of units consisting of our common stock, warrants, and rights to acquire additional stock and warrants, generating net cash proceeds of approximately $2.3 million. Additional cash proceeds of $2.3 million were generated as of November 2, 2004, when investors in the June 2004 placements acquired the remaining unpurchased units pursuant to the terms of the June 2004 placements, and up to $15.2 million may be generated upon exercise of warrants and rights if investors in the June 2004 private placements exercise all available warrants and rights. The rights expire on March 15, 2006, and warrants expire three years from the date of their issuance.
As of June 30, 2005, we were obligated to pay approximately $760,000 in the aggregate to investors in the private placements as late registration fees. Our agreement also provides for interest to accrue on this amount at the rate of 18% per annum. We have had informal discussions with some of the private placement investors who have expressed interest in receiving restricted shares in lieu of cash fees and we expect that we will reach agreement with most of the investors to pay these fees with restricted shares in lieu of cash. However, as of the date of this report no formal agreements have been entered into with any investors to pay these fees by issuing additional restricted shares.
In December 2004 Dr. Gunnerman advanced $7 million to us as a loan. The loan is evidenced by a promissory note which bears interest at the rate of 0.5% above the 30 day LIBOR rate, adjusted quarterly and payable annually, and the entire principal amount is due and payable in December 2007. The LIBOR rate, which stands for London Interbank Offered Rate, is a reference rate for short-term loans between banks in the London interbank market. The initial loan rate under the promissory note on December 31, 2004, was 2.9% (0.5% above the LIBOR rate), and the interest rate under the note is adjusted quarterly. The LIBOR rate as of June 30, 2005 was 3.34%, making the interest associated with the note 3.84%.
Research and Development
For the six months ended June 30, 2005 we incurred approximately $443,000 related to research and development of our Sonocracking technology. Of this amount, approximately $130,000 was paid to our engineers as wages and related benefits for the design and testing of the pilot plant being sold to OIL-SC. Also included in this amount is approximately $142,000 for the procurement of control panels, probes, centrifuges, and generators related to the development of the 2,000 bbl/ unit for OIL-SC and the 1,000 bbl / unit currently located at our Sparks, Nevada facility used for test purposes. The remainder of our research and development costs in this six-month period relate to outside labor costs and recurring monthly expenses related to the maintenance of our warehouse facilities. We continue to design, test, and purchase parts that we expect to use in the production of a large scale commercial unit.
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We intend to continue our research and development program during the next 12 months in order to expand the development of the design and manufacture of commercial Sonocracker units which embody our proprietary technology. Management anticipates that our research and development costs, including a portion of salaries for full time employees, will be approximately $50,000 per month, or $600,000 during the next 12 months.
Employees
As of July 31, 2005, we had 17 full-time employees and a consulting agreement with RWG, Inc., for the full-time services of our chairman and CEO, Rudolf W. Gunnerman. We do not expect any material changes in the number of our employees during the next 12 months unless required to service future customer orders.
What do you make of the press release of the Installation of the 2000bbi/day Sonocracking Plant in Korea on Sept.26,05? Can be viewed on yhr SLPH home page.
Press Release Source: SulphCo, Inc.
SulphCo Approved for Listing on the American Stock Exchange
Monday October 3, 7:00 am ET
SPARKS, Nev., Oct. 3 /PRNewswire-FirstCall/ -- SulphCo, Inc. (OTC Bulletin Board: SLPH - News) today announced that the American Stock Exchange (AMEX) has approved its application for listing the Company's securities. SulphCo will trade on the AMEX under the symbol SUF. The transition before SulphCo begins trading on the American Stock Exchange is expected to take several days, and in the interim SulphCo will continue to be traded on the OTC Bulletin Board. This approval is contingent upon the Company being in compliance with all applicable listing standards on the date it begins trading on the AMEX, and may be rescinded if the Company is not in compliance with such standards.
"We are very pleased to be approved for listing on the American Stock Exchange, and believe that this listing should significantly increase the visibility of SulphCo, attract analyst coverage on Wall Street, as well as provide trading liquidity for institutional investors," said Dr. Rudolf W. Gunnerman, Chairman and CEO of SulphCo.
About SulphCo, Inc.
SulphCo has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The company's technology upgrades sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
--------------------------------------------------------------------------------
Source: SulphCo, Inc.
:o ;D :o ;D :o ;)
SulphCo Approved for Listing on the American Stock Exchange
Monday October 3, 7:00 am ET
Update the move to the American Stock Exchange
Brought with it ticker symbol change,
From (SLPH)......To (SUF)
Technicals
Record Price High
Most Actives
Percentage Gainer
Moved from Peny Stock Picking... (not OTCBB anymore ;))
Btw, great pick setravis ;) applaud !
Quote from: setravis on December 06, 2005, 05:07:13 PM
Update the move to the American Stock Exchange
Brought with it ticker symbol change,
From (SLPH)......To (SUF)
Technicals
Record Price High
Most Actives
Percentage Gainer
Very nice setravis... you always found the good stuff ;D ;D
Moving on up this morning....
+12.50%.......Volume @.......282,900
Quote from: setravis on October 03, 2005, 03:28:40 PM
:o ;D :o ;D :o ;)
SulphCo Approved for Listing on the American Stock Exchange
Monday October 3, 7:00 am ET
I'm loving this! ;)
Going hog wild, since it's deal with the Oil Emirates
This one made it's move to the American Stock Exchange,
and is doing very well.
Zoom...Zoom...Zoom.... 8) keeps pushing up today...
+16.11%.........Volume @.......1,363,500
Technicals
Record Price High
Most Actives
Percentage Gainer
SULPHCO INC (AMEX:SUF) Delayed quote data
Pre-Market (RT-ECN): 9.90 0.60 (6.45%)
Last Trade: 9.30
Trade Time: Dec 13
Change: 0.00 (0.00%)
Prev Close: 9.30
Open: N/A
Bid: N/A
Ask: N/A
1y Target Est: N/A
Day's Range: N/A - N/A
52wk Range: N/A
Volume: 11,600
Avg Vol (3m): N/A
Market Cap: 528.31M
P/E (ttm): N/A
EPS (ttm): -0.144
Div & Yield: N/A (N/A)
Press Release Source: SulphCo, Inc.
SulphCo to Supply Sonocracking(TM) Processing Equipment to Fujairah Oil Technology, LLC
Wednesday December 14, 7:00 am ET
New Board makes first round of decisions
SPARKS, Nev., Dec. 14 /PRNewswire-FirstCall/ -- SulphCo, Inc. (Amex: SUF - News) announced that at a December 13, 2005 meeting of the shareholders of Fujairah Oil Technology, LLC ("FOT"), FOT elected a Board of Directors. SulphCo, Inc. is a 50% joint venture partner in FOT with Trans Gulf Petroleum Co., which is owned by the Government of Fujairah in the United Arab Emirates.
H.H. Sheikh Mohammed Bin Hamad Bin Mohammed Al Sharqi, the son of the current ruler of Fujairah, was elected as Chairman of the Board. Dr. Rudolf Gunnerman, Chief Executive Officer of SulphCo was named Vice Chairman. Mr. George Jamil Bajk, and Mr. Mohammed Saeed Al Dhanhani, the Emmiri Court Director, were also elected to the board. Mr. Ahmed Y. Barakat, the SulphCo Saudi Arabia representative, was named to the board and was also voted Executive Manager of FOT.
At the meeting, the Board of Directors of FOT issued a letter to SulphCo requesting an initial supply of SulphCo Sonocracking (TM) processing equipment capable of upgrading 200,000 bbl/day of oil no later than June 1, 2006. SulphCo, Inc. shall retain title to the equipment and FOT will be responsible for ongoing operations and maintenance.
In other action, the Board of Directors of FOT appointed Deloitte in the Middle East, part of Deloitte Touche Tohmatsu, as its auditor.
The Fujairah government has allocated approximately 40 acres of land adjacent to a large oil terminal which is ideally suited for SulphCo's application.
Rudolf Gunnerman, SulphCo chairman and CEO stated, "We are pleased at the cooperation of the board and the government of Fujairah and the swift manner in which this board acted. We intend to capitalize on these synergies and look forward to continue the commercialization of SulphCo's technology."
SulphCo's high-powered ultrasound process upgrades heavy sour crude oils into lighter sweeter crudes. It increases gravity and reduces sulfur, nitrogen and viscosity, producing more usable oil per barrel of crude.
About SulphCo, Inc.
SulphCo has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The company's technology upgrades sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
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Source: SulphCo, Inc.
Breakout of the Symmetrical Triangle (continuation) Pattern,
in late November, into stacked G-Patterns.
Technicals
Record Price High
Most Actives
Gap Up
Percentage Gainer
Moving...
Technicals
Record Volume
Most Actives
Stochastic - Bearish
Percentage Gainer
Last Price Quote is:
15.24%above 13-day EMA
Press Release Source: SulphCo, Inc.
SulphCo Contracts for Manufacture of Sonocracking(TM) Processing Equipment
Tuesday December 20, 7:00 am ET
SPARKS, Nev., Dec. 20 /PRNewswire-FirstCall/ -- SulphCo, Inc. (Amex: SUF - News) announced that it has entered into an agreement with NTG GmbH ("NTG") of Gelnhausen, Germany to manufacture seven 30,000 bbl/day fully automated, stainless steel Sonocracking(TM) units pursuant to SulphCo's design and specifications. The reactors to be included in the units are being manufactured by Markisches Werk GmbH. The agreement calls for NTG to manufacture and assemble the units and have them ready for containerized shipment to SulphCo's joint venture partner Fujairah Oil Technology, LLC ("FOT") in Fujairah, United Arab Emirates on or about April 15, 2006.
FOT will have constructed a protective steel building with foundations, piping and utilities ready for installation of the Sonocracking(TM) units upon their arrival in Fujairah. The building will be built to have the capacity to potentially house Sonocracking(TM) units capable of processing up to 500,000 bbl/day of medium or heavy crude oil.
Sulphco's high-powered ultrasound process upgrades heavy sour crude oils into lighter sweeter crudes. It increases gravity and reduces sulfur, nitrogen and viscosity, producing more usable oil per barrel of crude.
About SulphCo, Inc.
SulphCo has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The company's technology upgrades sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
--------------------------------------------------------------------------------
Source: SulphCo, Inc.
Looks to be holding up,and wanting to bounce
from this 32.2% Fibonacci retracement.
Support @ $9.11...7.70...6.08
Resistance @ $10.56
Recent CandleStick Analysis
Bullish
Dec-20-2005 Homing Pigeon
Technicals
MACD is Bullish
Stochastic is bearish
Percentage Gainer
Last Price Quote is:
8.78%above 13-day EMA
Sometimes we find a nice one.... ;D
It isn't being manipulated by the big boys yet.
Last Price @ $11.41.........+6.74%.......Volume @......489,300
Company Overview
SulphCo, Inc. (AMEX: SUF), headquartered in Sparks, Nevada, was founded by Dr. Rudolf Gunnerman to develop and commercialize its revolutionary technology, which uses high-powered ultrasound to significantly reduce sulfur content in crude oil while simultaneously increasing the amount of usable oil that can be refined from any given barrel of crude.
Company Background
Dr. Rudolf W. Gunnerman funded research at the University of Southern California for the removal of sulfur from oil using ultrasound technology. This project was led by Dr. Teh Fu Yen, a Professor of Civil and Environmental Engineering at USC.
Intellectual Property
SulphCo has several patents issued and others pending on its unique technology.
Intellectual Property...
To date, SulphCo, Inc. has been granted five U.S.A. patents, and multiple international patents to protect its core technologies. Current patent list includes:
U.S. patent no. 6,402,939, issued June 11, 2002 to Dr. Teh Fu Yen and assigned to SulphCo, Inc.
U.S. patent no. 6,500,219, issued December 31, 2002 to Dr. Rudolf W. Gunnerman, and assigned to SulphCo, Inc.
U.S. patent no. 6,652,992, issued November 25, 2003 to Dr. Rudolf W. Gunnerman, and assigned to SulphCo, Inc.
U.S. patent no. 6,827,844 was issued on Dec. 7, 2004. Dr. Rudolf W. Gunnerman, listed as the inventor, assigned the patent to SulphCo.
U.S. patent no. 6,897,628 was issued on May 24, 2005. Dr. Rudolf W. Gunnerman and Dr. Charles Richman, listed as co-inventors, assigned the patent to SulphCo.
In addition, SulphCo, Inc. has applied for several additional patents to protect other aspects and applications of the company's technologies. These include, but are not limited to, new processes and procedures, developed by SulphCo personnel, required to manufacture higher power ultrasound equipment for use in SulphCo's desulfurization units.
Management & Board of Directors
SulphCo's management team has extensive experience.
* Code of Ethics...
Management...
Dr. Rudolf Gunnerman, Chairman & CEO
Dr. Rudolf W. Gunnerman, the Company's Chief Executive Officer, Chairman of the Board and Director, is a 77-year-old inventor and entrepreneur who has devoted his life to developing products to help the environment and mankind. After studying mathematics and physics in Germany, he immigrated to the United States. Dr. Gunnerman has invented a series of successful technologies, including fireproof building materials and wood pellets. Thereafter, in his quest to reduce nitrous oxide, a major source of ozone depletion, Dr. Gunnerman invented A-55 Clean Fuels. Dr. Gunnerman holds three honorary doctorate degrees. Dr. Gunnerman's credentials verify his business acumen and scientific skills.
Peter Gunnerman, President
Prior to joining SulphCo, Mr. Gunnerman headed Global 6, LLC, a consulting company he founded in 2004 that assists national and international technology companies with a variety of business functions, including marketing and financial support. Mr. Gunnerman spent the majority of his career with Clean Fuels Technology, Inc., which develops and markets emulsified fuels. He served as President of its Residual Oil Division, where he was responsible for product development and product verification testing at domestic and foreign trial sites. Mr. Gunnerman graduated from the University of Oregon with degrees in History and German. Fluent in German, he spent a year during his studies at the University of Heidelberg in Germany. He has authored and co-authored several papers on emulsified fuels.
Loren J. Kalmen, CFO
Loren J. Kalmen, a Director since June 2003, received his bachelor's degree in accounting from the University of Nevada, Reno, in 1974, and his license as a Certified Public Accountant in 1978. Mr. Kalmen has maintained his own public accounting practice in Reno, Nevada, since 1988.
Board of Directors...
Dr. Rudolf Gunnerman, Chairman of the Board
Dr. Rudolf W. Gunnerman, our Chief Executive Officer, Chairman of the Board and Director, is a 77-year-old entrepreneur who studied mathematics and physics at the University of Munich, Germany before he immigrated to the United States. Dr. Gunnerman has invented a series of successful technologies, including fireproof building materials and wood pellets. Thereafter, in his quest to reduce Nitrous Oxide, a major source of ozone depletion, Dr. Gunnerman invented a new range of clean fuel products known as A-55 Clean Fuels. Dr. Gunnerman founded Clean Fuels Technology, Inc. in 1997 to develop and commercialize A-55 Clean Fuels, and served as its CEO from 1997 to 2000, and as its Chairman from 1997 to 2003. Dr. Gunnerman holds three honorary doctorate degrees. Dr. Gunnerman has served as a director and Chairman of the Board of SulphCo since December 2000 and has served as our CEO since July 2001.
Dr. Hannes Farnleitner, Director
A former federal minister for economic affairs for the country of Austria, Farnleitner has served in policy-making roles in Austria involving economics and international trade for more than 40 years. Since 2002, he has served as a member of the Convent of the European Union and representative of the Federal Chancellor of Austria. He earned his Juris Doctor degree at the School of Law of the University of Vienna.
Richard L. Masica, Director
Richard L. Masica, a Director since November 2004, served as the President of Texaco Chemical, Inc. from 1994 to 1997. During his 39-year career at Texaco (now ChevronTexaco Corporation), Mr. Masica also held other positions, including the position of Vice-President-Business Management of Texaco Chemical Company from 1992 to 1994, and Plant Manager of Texaco Refining & Marketing, Inc. from 1985 to 1992. During his tenure with Texaco, Mr. Masica participated in a leadership role in two major divestitures, as well as other domestic and foreign reorganizations, mergers and startups. Since retiring from Texaco in 1998, Mr. Masica founded and is the President of Peak One Consulting, Inc., a private management consulting firm.
Robert Henri Charles van Massdijk, Director
Robert Henri Charles van Maasdijk, a Director since April 2005, is the chairman and CEO of Attica Alternative Investment Fund, Ltd. (AAI), a private investment fund which he has headed since 1999. For the previous 16 years, he served as managing director and CEO of Lombard Odier Investment Portfolio Management Ltd., one of the oldest and largest private banks in Switzerland. Over his 35-year career, he has held executive, portfolio management and research positions with Ivory & Sims, Edinburgh; Banque Lambert, Brussels; Pierson Heldring Pierson, Amsterdam; and with Burham and Company, New York.
Dr. Raad Alkadiri, Director
Dr. Raad Alkadiri, a Director since May 2005, has been with the international energy advisory firm PFC Energy, Inc. since 1998. Dr. Alkadiri is director of PFC's markets and countries group and heads its Iraq advisory service. Dr. Alkadiri focuses on the political, economic and sectoral factors that influence oil and gas producing states, particularly those in the Middle East. Prior to joining PFC Energy, Dr. Alkadiri served as policy advisor and assistant private secretary to the United Kingdom's special representatives to Iraq from 2003 -2004. In this role, he assisted in shaping UK policy toward Iraq during the occupation, as well as planning Iraq's transition to sovereignty. He received the Order of the British Empire for his work in Baghdad. Prior to re-joining PFC Energy in 1998, Alkadiri was Middle East analyst at the UK-based consultancy Oxford Analytica, where he focused on political and economic developments in the northern Persian Gulf states. From 2000 to 2001, he was associate professor at the School of Advanced International Studies, Johns Hopkins University. He was a teaching fellow of politics at the University of St. Andrews from 1990 to 1991.
Facilities
Corporate headquarters, laboratory, and manufacturing facility are located in Sparks, Nevada.
What We Do
Our principal business is to develop and build proprietary technologies that upgrade "sour heavy" crude oils into "sweeter lighter" crudes.
SulphCo Technology
SulphCo's technology will increase oil refining efficiency, improve crude oil product yields, lower refinery operating costs, and contribute to meeting worldwide governmental mandates for low sulfur and ultra-low sulfur fuels which are needed to protect the environment.
SulphCo's Benefits
Benefits of SulphCo's technology include low equipment and processing cost, quick installation and setup, easily transportable, high output potential, and increased profit margins.
Regulatory Agencies
Worldwide regulatory bodies responsible for promulgating and enforcing air quality standards.
What We Do
Our principal business is to develop and build proprietary technologies that upgrade "sour heavy" crude oils into "sweeter lighter" crudes.
SulphCo Technology
SulphCo's technology will increase oil refining efficiency, improve crude oil product yields, lower refinery operating costs, and contribute to meeting worldwide governmental mandates for low sulfur and ultra-low sulfur fuels which are needed to protect the environment.
SulphCo's Benefits
Benefits of SulphCo's technology include low equipment and processing cost, quick installation and setup, easily transportable, high output potential, and increased profit margins.
Regulatory Agencies
Worldwide regulatory bodies responsible for promulgating and enforcing air quality standards.
Moving on up..... ;D
Applaud again with this great pick... unstoppable rise!! ;)
Moving to higher ground in the pre-market..... ;D
SULPHCO INC (AMEX:SUF) Delayed quote data
Pre-Market (RT-ECN): 12.30 1.00 (+8.85%)
Stacked G-Patterns...... ;D
Technicals
Record Price High
Most Actives
Gap Up
Percentage Gainer
Last Price Quote is:
27.23%above 13-day EMA
I have a thing for this stock...... ::) Stacked G-Patterns
Block trades appear to be in the accumulation, rather than selling at this point. ;D
SUF really rocks baby!!!! more than 300% rise :o
do you guys think its to late to get in this ? its up 5% today while the market are down. thanks in advance for any opions.
Quote from: dennis67 on January 10, 2006, 10:22:10 AM
do you guys think its to late to get in this ? its up 5% today while the market are down. thanks in advance for any opions.
My thinking is another run started yesterday to the $17/17.50 area.
I suppose we shall see.
Press Release Source: SulphCo, Inc.
SulphCo Expands Management Team, Appoints Michael Applegate COO
Tuesday January 10, 7:00 am ET
SPARKS, Nev., Jan. 10 /PRNewswire-FirstCall/ -- SulphCo, Inc. (Amex: SUF - News), a leader in developing and marketing high-powered ultrasound technology and equipment for the petroleum industry, has expanded its management team with the appointment of Michael Applegate as chief operating officer, responsible for overseeing day-to-day operations at the company.
Peter Gunnerman, who held the title of COO, continues as president of the company, focusing on strategy, implementation of the company's recently- announced ventures and on the commercialization of SulphCo's ultrasound desulfurization process worldwide.
Applegate spent the majority of his career at Applegate Drayage Company, a tractor-trailer fleet operator in California, Nevada and Utah. The company employed more than 100 drivers, dock workers, mechanics and administrative staff. Applegate served as president, a position he held since 1988. Applegate has served as both president and chairman of the board of the California Trucking Association, the largest state trucking association in the United States. He also served on the board of the Nevada Motor Transportation Association.
"Mike has extensive management experience, which will prove valuable to our company," said Rudolf Gunnerman, SulphCo chief executive officer. "Expanding SulphCo's senior management team is an important priority for the company which we intend to address in 2006."
Applegate also has been active on the local, state and national levels concerning environmental regulations surrounding the use of petroleum fuels. He has worked with the Cleaner Air Partnerships, a joint partnership of the American Lung Association and the Sacramento Metro Chamber of Commerce, with the goal of working with the Sacramento Air Quality District for better regional air quality. As the California representative of the American Trucking Association Environmental Policy Committee, Applegate helped to establish the concept of a national fuel standard.
Applegate is a graduate of the University of California at Davis.
Sulphco's high-powered ultrasound process upgrades heavy sour crude oils into lighter sweeter crudes. It increases gravity and reduces sulfur, nitrogen and viscosity, producing more usable oil per barrel of crude.
About SulphCo, Inc.
SulphCo has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The company's technology upgrades sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel. From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
--------------------------------------------------------------------------------
Source: SulphCo, Inc.
awesome pick applaud ;)
Quote from: la-onda on January 10, 2006, 10:39:35 AM
awesome pick applaud ;)
Thanks la-onda !
Doing well this morning.
+10.96%......Volume @.....1,568,400
Technicals
Record Price High
Most Actives
Last Price Quote is:
32.02%above 13-day EMA
Se did you see this one today? I was thinking it would put in another red candle today and I would buy it back at the close but it broke its usual pattern and was up another 2 points today. I think something must be up with this stock maybe the finalized a deal with another big oil company.
Just getting to catch up on 3SOF. Been away from my trading office all day.
Nice day for SULPHCO INC.
Volume: 2,131,000
Support @ $16.19...12.25...12.05
Resistance...Look at a 5 and 10 year chart
Today a White Candlestick was formed. This represents normal buying pressure.
Technicals
Record Price High
Most Actives
MACD is Bullish
Stochastic - Bearish
Percentage Gainer
Last Price Quote is:
29.69%above 13-day EMA
No pulling back..... really unstoppable.... give it up for the man....SETRAVIS ;) (applaud)
Damn, this stock is so, so HOT :) ;) :D ....Market is down remember that ;)
All I have to say is god be with you if your still in SUF, currently sitting at -40% over -8-9 points down. Amazing how much this went down... grats to anyone who was lucky to short at 19.50 or so.
Quote from: nullzero on January 23, 2006, 12:40:28 PM
All I have to say is god be with you if your still in SUF, currently sitting at -40% over -8-9 points down. Amazing how much this went down... grats to anyone who was lucky to short at 19.50 or so.
SUF.. Good for shorting now ;)
QuoteGood for shorting now
Unfortunately Ameritrade had no shares available to short. I will have to paper-trade it short LOL.
Yoda said: Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to
SUFfering ;D
Quote from: Lucas Scott on January 23, 2006, 03:31:35 PM
QuoteGood for shorting now
Unfortunately Ameritrade had no shares available to short. I will have to paper-trade it short LOL.
Yoda said: Fear is the path to the dark side. Fear leads to anger. Anger leads to hate. Hate leads to SUFfering ;D
In TD Waterhouse shares for shorting always available, i don't know.. maybe just a coincidence ;)
I just shorted SUF @ 12.57 now i'm gaining 17.50%I will buy to cover 5 minutes before the closing bell.... GREAT!!!! ;)
Quote
I just shorted SUF @ 12.57 now i'm gaining 17.50%I will buy to cover 5 minutes before the closing bell.... GREAT!!!! ;)
Quote
As said earlier....bought to cover @ 10.15 ..........
19.25% Profit
I'd like to short more stocks but it looks like Ameritrade is not the greatest thing for that.
They didn't have available shares for a whole bunch of stocks I wanted to short.
I shorted IVAN last week and covered today. I got around 22% profit. AT least Ameritrade had those shares available.
What do you use Terlisa?
Quote from: OneStockMind on January 23, 2006, 04:10:50 PM
I'd like to short more stocks but it looks like Ameritrade is not the greatest thing for that.
They didn't have available shares for a whole bunch of stocks I wanted to short.
I shorted IVAN last week and covered today. I got around 22% profit. AT least Ameritrade had those shares available.
What do you use Terlisa?
My broker is TD Waterhouse... As far as i know Ameritrade is buying Td Waterhouse.. am i right?? ;)
Quote from: OneStockMind on January 23, 2006, 04:10:50 PM
I'd like to short more stocks but it looks like Ameritrade is not the greatest thing for that.
They didn't have available shares for a whole bunch of stocks I wanted to short.
I shorted IVAN last week and covered today. I got around 22% profit. AT least Ameritrade had those shares available.
What do you use Terlisa?
Will Ameritrade even let you short a sub $5 stock?? I made decent money in IVAN long, and really REALLY wanted to short after selling it for a rediculous $3.30, but I just assumed that I couldn't short at that price. I've always thought puts were a better way to play the bears, so I don't short very much.
Ameritrade allows shorting a sub $5 stock but it's not always available (not just for sub-5 but for all in general).
Bought @7.38.
January 24, 2006 09:40:37 (ET)
Jan 24, 2006 /PRNewswire-FirstCall via COMTEX/ -- After close consultation with other members of the Board of Directors of SulphCo, Inc., (SUF, Trade) Robert H.C. van Maasdijk feels compelled to respond to the article in Barron's Magazine over the weekend as, in his opinion, the article is materially misleading regarding the company, its management and its technology. In response, Mr. van Maasdijk has decided to focus exclusively on his assessment of the Sonocracking(TM) technology, and in particular, test results furnished not only by SulphCo, but also those produced by one of the leading oil companies in the Middle East, a company which has tested the Sonocracking technology at the facilities during the entire month of December 2005. In the opinion of Mr. van Maasdijk, these results indicate that the Sonocracking technology developed by SulphCo will not only reduce sulphur and nitrogen content in processed crude, but more importantly, will substantially increase the yield of light distillates.
SulphCo has previously stated that its technology will increase the API gravity by 6 to 11 points, depending on the quality of the crude processed (light, medium or heavy). These test results confirm that, in volume terms, Sonocracking can yield between 20% to 50% more light oil per barrel, depending on the grade of crude processed. In dollar terms, this can mean an uplift of between $5 and $10 per barrel.
Sonocracking technology has minimal operating costs and is adaptable to both upstream and downstream applications.
SulphCo will install, by the beginning of June 2006, its first 210,000 barrels of Sonocracking capacity (seven 30,000 barrels per units) in Fujairah. The equipment will be manufactured by NTG Technology in Germany, following which 300,000 barrels of additional capacity will be installed in the following months. It is the opinion of NTG that once the seven units of 30,000 barrels each have been installed, an accelerated rollout is anticipated.
Last but not least, SulphCo is in the final stages of negotiations with several oil producing nations and companies, as has been stated before. As a consequence, the Board of SulphCo is fully focused on the rollout of the Sonocracking equipment.
Watch for short covering. ;D
Bid-8.08
Ask-8.09
Haven't covered my paper-short yet. Currently up 38% (RTQ 7.90). Will likely cover before the close or tomorrow. Paper-trading gains are a lot less fun than the real thing! I guess I'll buy some houses on Ventnor Ave and Marvin Gardens ;D
Thanks stocks2watch2,
Because of your timely post, I could get in quick at 7.39.
Appreciate it.
Quote from: vivdcosta on January 24, 2006, 11:24:29 AM
Thanks stocks2watch2,
Because of your timely post, I could get in quick at 7.39.
Appreciate it.
Your welcome.This might get interesting this aft. I bought it for a daytrade.So far looking good. :)
Going to hold my (paper)short one more day. Climax low tomorrow will be a good time to cover and go long with real money!
I'm also waiting for this thing to settle down and I'm getting in.
Huge seloff needs to result if nothing else in a "dead cat bounce".
Please read the following links before taking a position.
On the fiirst link scroll down to the second post.
http://www.siliconinvestor.com/readreplies.aspx?subjectid=28509&nonstock=True&msgid=16012927
http://www.siliconinvestor.com/readreplies.aspx?msgid=16018308&nonstock=True&sub jectid=28509
http://yahoo.smartmoney.com/onedaywonder/index.cfm?story=20060123&afl=yahoo
01/24/2006 22:28 PST
Short SUF @8.08 and cover @ 7.18 about 20% gain, not bad.
GL
Quote from: cc1120 on January 25, 2006, 01:29:14 AM
01/24/2006 22:28 PST
Short SUF @8.08 and cover @ 7.18 about 20% gain, not bad.
GL
Not too bad, I went long this morning, but didn't do as good, 7.50 - 8.25. I saw the action this morning and figured that short cover volume would be good for awhile.
I'm not a huge fan of daytrading, but sometimes it's just too hard to resist (NVAX, IVAN come to mind).
Either way I certainly don't have the confidence to hold a position in this stock (long or short) overnight, so it's either daytrade or not at all.
Shares on Ameritrade just became available to short sell. To volatile to trade AH.
Suf goes up from here Atleast 10% very short term
O My ::)
Well, I entered this cat a bit too early for da $1000 contest;) >:D :'(
Looks like this cat has been heavily manipulated by da big dawgs, before the REAL NEWS break out!!!
With this non sense rumor came out of no where "RPT-Investors wait for SulphCo to deliver-Barron's" last sunday paid by big institutions to mislead investors so that they can load up tons cheaper???
Well, their action always prevail and just look at the drops after that rumor and now look at the fact from the news:
http://www.kolotv.com/news/features/6/2047297.html
http://biz.yahoo.com/prnews/060124/nytu131.html?.v=43
That explains why da company insiders were all silent about it, even with two days of huge drop in its stock prices. ::)
So my pick still strongly stands, for as long as it is a highly volatile cat, I will not sell until I see a 100% shoot up, price target $21-22,lol! ;D ;)
Quote from: stocks2watch2 on January 24, 2006, 10:58:54 AM
Watch for short covering. ;D
Bid-8.08
Ask-8.09
Breaking out,
Bid-9.03
Ask-9.05
Volume-2,800,000
I don't see anything that great in the PRs? Where's the cash? And why is no US company interested in technology?
This is probably a short-lived squeeze here followed by trace back to 8?
Quote from: garym on January 26, 2006, 01:45:46 PM
I don't see anything that great in the PRs? Where's the cash? And why is no US company interested in technology?
This is probably a short-lived squeeze here followed by trace back to 8?
Excuse my analysis, but I am mostly TA and that was why I ended up picking SUF as my $1000 contest pick. I really didn't pay too much attention to its fundamental but as I am getting more and more attention on it, maybe I will share my thought.
I also don't see anything that awful in the PRs too? Why the huge two days's drop? Just because of that barron rumor stirring why suf all silent about their PRs? I see that it is just another great act by big dawgs to goble up before the news breaking out and by the time, you won't yelling for da cash, you want to get some of that oil as well ;D
I just hope that my pick will have da biggest turn around for the contest, from down 80% to up 80%, I sure don't mind da suprise! :D
Quote from: dyc100 on January 26, 2006, 08:42:03 AM
O My ::)
Well, I entered this cat a bit too early for da $1000 contest;) >:D :'(
Looks like this cat has been heavily manipulated by da big dawgs, before the REAL NEWS break out!!!
With this non sense rumor came out of no where "RPT-Investors wait for SulphCo to deliver-Barron's" last sunday paid by big institutions to mislead investors so that they can load up tons cheaper???
Well, their action always prevail and just look at the drops after that rumor and now look at the fact from the news:
http://www.kolotv.com/news/features/6/2047297.html
http://biz.yahoo.com/prnews/060124/nytu131.html?.v=43
That explains why da company insiders were all silent about it, even with two days of huge drop in its stock prices. ::)
So my pick still strongly stands, for as long as it is a highly volatile cat, I will not sell until I see a 100% shoot up, price target $21-22,lol! ;D ;)
HMMM....after that barron's talk about...
"The newspaper said in its Jan. 23 edition that investors could lose patience unless the company can soon prove its "Sonocracking" ultrasound oil production technology is able to turn sulfur-sour crude into a sweeter intermediate-grade oil worth much more per barrel." ???
Well, it came to this... :'(
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=SUF&range=7&mgp=0&hdate=&hdate=&x=12&y=15
Just to show how desperate da big boys willing to do to get what they want by misleading in their favor,lol!
Afterall, we all are in da same boat have to ride this wave, aren't we? >:D
Nice ascending triangle breakout on the intraday chart today - bought in at 8.70 - I think this bounce has got a good bit more in the tank yet. I agree that people overeacted to the Barron's article - over 35% gain from yesterday's low so far. Not sure how long I will hold this one at present, need to do a bit more analysis yet. Will leave you with the intraday chart.
By the way dyc100 - can't blame you for the pick - the chart up till then was simply astounding, and there was no way you could know this would happen - hey, last month I wa dead last on the stock picking contest with EGHT, for totally different reasons, but after all, it's only a game ;)
Quote from: ScottishTrader on January 26, 2006, 02:54:23 PM
Nice ascending triangle breakout on the intraday chart today - bought in at 8.70 - I think this bounce has got a good bit more in the tank yet. I agree that people overeacted to the Barron's article - over 35% gain from yesterday's low so far. Not sure how long I will hold this one at present, need to do a bit more analysis yet. Will leave you with the intraday chart.
By the way dyc100 - can't blame you for the pick - the chart up till then was simply astounding, and there was no way you could know this would happen - hey, last month I wa dead last on the stock picking contest with EGHT, for totally different reasons, but after all, it's only a game ;)
Hey ScottishTrader, its all cool mate! :P
I knew that I should have get another pick on monday morning after I checked out the SUF yahoo site and only to see that barron didn't like SUF's ascending chart,lol! only to find out that hehe, maybe da big boys are in da work as well ;)
So I decided that I am just going to keep my pick even if it meant a gap down which it did and more! Well, I kno that it is going to be quite volatile from that point, so sell order is definitely out of question for me :-[ :'(
Hey thanks for the intraday chart update, I agree with that it still got lots of potential since it only take rumors to tank it down 80%, well, speculations and actual PRs, I really don't want to miss that for sure >:D
Yea, it is totally suck being alone at the bottom of contest right now, but it is still too early to tell anyway, so we'll keep our promise and see if it was a total manipulation or just price correction! Good luck to you and thanks for your chart! ;)
:o
As we are speaking another ascending triangle just broke out of 9.3 intraday!
Looks good from here! 8)
yep, they are stacking - I think this could gap over $10 overnight ;D
We'll see - currently pushing new highs - I only wish I had jumped in yesterday when I was watching all the crazy volatile action!!
Quote from: ScottishTrader on January 26, 2006, 03:37:03 PM
yep, they are stacking - I think this could gap over $10 overnight ;D
We'll see - currently pushing new highs - I only wish I had jumped in yesterday when I was watching all the crazy volatile action!!
Well, another good day for SUF! 21% >:D
It will be interesting tomorrow tho, not sure about gap over $10, but it WILL eventually be there before the contest is over ;D!
It is all good, late day price action pull back to retest its 9.3 new support, and rally from that point on again, I would say it still has tank for more! :-*
Well a nice day on SUF, that's for sure. Lots of others but I think this is a very nice short term play.
SUF topped out at the resistance at 9.8 - 9.85, and I will be watching for signals that it may fail to break this level and pull back tomorrow. However, if 9.80-10.00 is broken, I think a run up to the 61.8% fib is a good first target, at around 11.65-11.70. it may even have more legs than that - 50% Fib is at 13.20. I like the low institutional buying - I know it smacks of outright market manipulation, but at least it is suggesting there should be strong upward momentum from here.
OK, a little more TA on SUF - from the last few day's action, I think SUF's price movement matches Calven's exhausted selling model quite well:
http://www.3stocksonfire.org/trading/index.php?topic=3555.0
The 15 min chart shows the clear downward bounces, with the volume spike associated with the first low. While the second low actually came in below this level, it showed lower volume than the first spike, as expected. The 21 MA fits the pattern very well, with breakdowns off each touch in the descen ding phase. Once the price action broke through the descending trendline and the 21MA, it pulled back again to test both and started its upward move.
The price action at the end of the day was strong, but bounced off resistance at 9.80, very close to the low on the 23rd. It then dropped as low as 9.30, touching the 21MA again (on this 15 min chart) before closing fairly strongly at 9.60. If it breaks through 9.80 today and upp above 10.00, it may run right through 10 and start pushing at next short term resistance - either the 61.8% fib at 11.60, or possibly next key short term resistance at 12.60.
I plan to take big profits around there maybe taking partial profits if it looks to have legs beyond 11.60, and if it fails to break and looks set to move below 9.30, will sell for a small profit there.
Press Release Source: SulphCo, Inc.
SulphCo Sonocracking(TM) Technology - the Facts
Tuesday January 24, 9:40 am ET
NEW YORK, Jan. 24 /PRNewswire-FirstCall/ -- After close consultation with other members of the Board of Directors of SulphCo, Inc., (Amex: SUF - News) Robert H.C. van Maasdijk feels compelled to respond to the article in Barron's Magazine over the weekend as, in his opinion, the article is materially misleading regarding the company, its management and its technology. In response, Mr. van Maasdijk has decided to focus exclusively on his assessment of the Sonocracking(TM) technology, and in particular, test results furnished not only by SulphCo, but also those produced by one of the leading oil companies in the Middle East, a company which has tested the Sonocracking technology at the facilities during the entire month of December 2005. In the opinion of Mr. van Maasdijk, these results indicate that the Sonocracking technology developed by SulphCo will not only reduce sulphur and nitrogen content in processed crude, but more importantly, will substantially increase the yield of light distillates.
SulphCo has previously stated that its technology will increase the API gravity by 6 to 11 points, depending on the quality of the crude processed (light, medium or heavy). These test results confirm that, in volume terms, Sonocracking can yield between 20% to 50% more light oil per barrel, depending on the grade of crude processed. In dollar terms, this can mean an uplift of between $5 and $10 per barrel.
Sonocracking technology has minimal operating costs and is adaptable to both upstream and downstream applications.
SulphCo will install, by the beginning of June 2006, its first 210,000 barrels of Sonocracking capacity (seven 30,000 barrels per units) in Fujairah. The equipment will be manufactured by NTG Technology in Germany, following which 300,000 barrels of additional capacity will be installed in the following months. It is the opinion of NTG that once the seven units of 30,000 barrels each have been installed, an accelerated rollout is anticipated.
Last but not least, SulphCo is in the final stages of negotiations with several oil producing nations and companies, as has been stated before. As a consequence, the Board of SulphCo is fully focused on the rollout of the Sonocracking equipment.
About SulphCo, Inc.
SulphCo has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The company's technology upgrades sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
--------------------------------------------------------------------------------
Source: SulphCo, Inc.
Quote from: ScottishTrader on January 27, 2006, 07:13:27 AM
OK, a little more TA on SUF - from the last few day's action, I think SUF's price movement matches Calven's exhausted selling model quite well:
http://www.3stocksonfire.org/trading/index.php?topic=3555.0
The 15 min chart shows the clear downward bounces, with the volume spike associated with the first low. While the second low actually came in below this level, it showed lower volume than the first spike, as expected. The 21 MA fits the pattern very well, with breakdowns off each touch in the descen ding phase. Once the price action broke through the descending trendline and the 21MA, it pulled back again to test both and started its upward move.
The price action at the end of the day was strong, but bounced off resistance at 9.80, very close to the low on the 23rd. It then dropped as low as 9.30, touching the 21MA again (on this 15 min chart) before closing fairly strongly at 9.60. If it breaks through 9.80 today and upp above 10.00, it may run right through 10 and start pushing at next short term resistance - either the 61.8% fib at 11.60, or possibly next key short term resistance at 12.60.
I plan to take big profits around there maybe taking partial profits if it looks to have legs beyond 11.60, and if it fails to break and looks set to move below 9.30, will sell for a small profit there.
Thanks scottish trader for your awsome TA! You works are well rewarded! :D
You were right, SUF did gap over $10 on the open and going on and on continuing to make its trend valid for now a rock solid gainer! >:D
Anyway, I think that the price was totally manipulated by barrons and investors were too quick and too dramatic to realize their profit at risk.
I think that by the end of the$1000 contest, the gap is very likely to be filled with few extra more!
Good day to all! ;)
SUF looks to be breaking down - Descending triangle above $11 broke to the downside, and it looks to be respecting the descending triangle for now. Also note the 13 EMA (on the 5 min chart). I'm out for now, will look for a new position possibly later today when it gives a reveersal signal.
Bought back in on the break of the descending trend @ 10.55.
Lets see how things go on Monday ;D
Quote from: dyc100 on January 26, 2006, 02:48:02 PM
Quote from: dyc100 on January 26, 2006, 08:42:03 AM
O My ::)
Well, I entered this cat a bit too early for da $1000 contest;) >:D :'(
Looks like this cat has been heavily manipulated by da big dawgs, before the REAL NEWS break out!!!
With this non sense rumor came out of no where "RPT-Investors wait for SulphCo to deliver-Barron's" last sunday paid by big institutions to mislead investors so that they can load up tons cheaper???
Well, their action always prevail and just look at the drops after that rumor and now look at the fact from the news:
http://www.kolotv.com/news/features/6/2047297.html
http://biz.yahoo.com/prnews/060124/nytu131.html?.v=43
That explains why da company insiders were all silent about it, even with two days of huge drop in its stock prices. ::)
So my pick still strongly stands, for as long as it is a highly volatile cat, I will not sell until I see a 100% shoot up, price target $21-22,lol! ;D ;)
HMMM....after that barron's talk about...
"The newspaper said in its Jan. 23 edition that investors could lose patience unless the company can soon prove its "Sonocracking" ultrasound oil production technology is able to turn sulfur-sour crude into a sweeter intermediate-grade oil worth much more per barrel." ???
Well, it came to this... :'(
http://thomson.finance.lycos.com/lycos/iwatch/cgi-bin/iw_ticker?t=SUF&range=7&mgp=0&hdate=&hdate=&x=12&y=15
Just to show how desperate da big boys willing to do to get what they want by misleading in their favor,lol!
Afterall, we all are in da same boat have to ride this wave, aren't we? >:D
Another great day for SUF, up 16%!
>:D
Looks like SUF was indeed been manipulated! :(
Still doubting at SulphCo's technology after reading the manipulative article from Barron and smartmoney.com?
Well, no more, afterall it proves to be the successive acts from da big boys! ;)
Here is the link to SUF's PR:
SulphCo Places Order With Makisches Werk for Ultrasonic Equipment to Install in UAEhttp://biz.yahoo.com/prnews/060202/nyth175.html?.v=25
Now, going back to Barron's article and re-read the statement that had me confusing:
"The newspaper said in its Jan. 23 edition that investors could lose patience unless the company can soon prove its "Sonocracking" ultrasound oil production technology is able to turn sulfur-sour crude into a sweeter intermediate-grade oil worth much more per barrel."
??? ;D
SUF 3 month gap filling chart or should we say it shouldn't have in the first place! :o
But all I know is that my chance of winning the $1000 contest isn't out of reach! >:D
BTW, thanks Barron for your attention, just look at the rising volumes! ;)
Press Release Source: SulphCo, Inc.
SulphCo Places Order With Makisches Werk for Ultrasonic Equipment to Install in UAE
Thursday February 2, 3:11 pm ET
SPARKS, Nev., Feb. 2 /PRNewswire-FirstCall/ -- SulphCo, Inc. (Amex: SUF - News) announced that the company had placed an order with its equipment manufacturing partner Makisches Werk GmbH (MWH) for the manufacture of 60 ultrasonic probes. A major component of SulphCo's Sonocracking(TM) units, the equipment will be used in the assembly and installation of SulphCo's ultrasound processing plant for Fujairah Oil Technology, LLC, SulphCo's joint venture company in the United Arab Emirates.
"We are thrilled about this first commercial order. Not only does it represent good business for us, more importantly it represents a level of acceptance of this new technology," said Edward Urquhart, managing director of Makisches Werk. "This signal is the first step in the process of transforming SulphCo's technology from prototype to commercial status. We at MWH will continue to do everything possible from the manufacturing side to assist SulphCo in their efforts to commercialize Sonocracking."
According to Peter Gunnerman, SulphCo president, the company anticipates that the plant, with seven ultrasound units capable of processing a total 210,000 barrels of oil a day, will be operational by the end of June. SulphCo's high-powered ultrasound process upgrades heavy sour crude oils into lighter sweeter crudes by increasing gravity and reducing sulfur, nitrogen and viscosity.
"Tests show that Sonocracking reduces sulfur by 30 to 50 percent, depending on the grade of crude processed. Refiners can realize additional revenues with the efficiencies produced by our technology. Compared to the conventional hydrodesulfurization process (HDS), the capital cost of the ultrasound plant and equipment is extremely low, with a rapid return on investment," Gunnerman said.
Gunnerman said SulphCo's ultrasound plant in Fujairah will have a per barrel throughput cost of between $0.18 and $0.20 per barrel. The capital cost and production costs are fractions of current refinery equipment, he said.
About SulphCo, Inc.
SulphCo has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The company's technology upgrades sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
--------------------------------------------------------------------------------
Source: SulphCo, Inc.
News on Equipment !
SUF news is a big deal. Validates the technology, because if sonocracking didn't work, they would not be placing orders for building the equipment. This is the crucial issue in the stock"
Already in very long and I believe in Technology. IMHO.
Up in the after hours, been as high as $9.99
Support @ $6.82...6.00
Resistance @ $9.86...11.56...13.16
Technicals
Stochastic is Bullish
Most Actives
Percentage Gainer
Last Price Quote is:
-11.33%below 13-day EMA
Closed just below the 50-day EMA
Hey Setravis,
Respect your analysis and hope this one works out for you.
Gunnermans past scares me, but who knows-maybe he got it right this time!!
Good Luck!
Quote from: boatguy on February 02, 2006, 07:07:08 PM
Hey Setravis,
Respect your analysis and hope this one works out for you.
Gunnermans past scares me, but who knows-maybe he got it right this time!!
Good Luck!
I hear you Boatguy. His past does send a chill down my spine also.
Maybe he finally got his head out of his ass.... ;D
Good luck with all your trading...make some $Greens$ ;)
Bought 2000 @ 8.40. Recent news,
New Oil Technology in Fujairah
PR Newswire (Mon 10:22am)
http://biz.yahoo.com/prnews/060213/nym219.html?.v=22
8.68 pre mkt price.
SulphCo Completes Testing of 15,000 BBL/Day Commercial Ultrasound Unit
http://biz.yahoo.com/prnews/060223/nyth147.html?.v=41
10.20 ;D
SPARKS, Nev., May 11, 2006 /PRNewswire-FirstCall via COMTEX/ -- SulphCo, Inc. (SUF, Trade) announced today that Fujairah Oil Technology, LLC, Sulphco's joint venture with the Government of Fujairah, is continuing to make progress in the planning and execution of its project to implement SulphCo, Inc.'s patented Sonocracking(TM) technology in the joint venture's facility in Fujairah, United Arab Emirates. The facility, expected to have an initial processing capacity of 210,000 barrels per day, will utilize SulphCo's patented and proprietary technology to upgrade sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.
A series of meetings were held by senior management during the week of May 1, both in Fujairah and in Germany, to evaluate critical aspects of the Fujairah project, including site preparation and manufacturing of Sonocracking equipment. Meetings included a meeting of the Fujairah Oil Technology (FOT) Board of Directors and a meeting with NTG, the German manufacturing company responsible for building the Soncracking equipment. Following discussions with the FOT Board of Directors, NTG and other members of the Fujairah project team, SulphCo's management believes that significant progress has been made towards the first commercial rollout of its Sonocracking(TM) technology and expects that key project milestones established in December of 2005 will be achieved within close proximity to previously announced timetables.
SulphCo's current timetable calls for initial Sonocracking units to be shipped from Germany this month and delivered in Fujairah in the first half of June 2006. Construction activities for the building and infrastructure which will house the Sonocracking units are underway, and these facilities are expected to be completed in time for delivery of the initial Sonocracking units. SulphCo has targeted the beginning of August 2006 as the start date of the 210,000 barrel/day capacity facility, following completion of testing of the Sonocracker(TM) units and installation of all required supporting infrastructure. Planning is also underway to install an additional 200,000 to 300,000 barrels of processing capacity in Fujairah by the first quarter of 2007 following successful implementation of the initial 210,000 barrel per day operation, with an additional 200,000 to 300,000 of processing capacity by the end of 2007.
"We are extremely fortunate to have the full support of the Government of Fujairah in this venture. We are also extremely fortunate to have assembled a world class team of dedicated professionals over the past few months, including NTG and Mustang International, L.P., to assist SulphCo in achieving the commercial rollout and operation of our Sonocracking technology in Fujairah," said Dr. Rudolf W. Gunnerman, Chairman and CEO of SulphCo, "and we look forward to further internal and external additions to our team as our commercial rollout progresses."
SUF looking good, and showing strength deespite market weakness. The huge morning spike got sold off pretty hard, but it has held above crucial 10.00 level. I see a breakout of an ascending wedge formation, but it closed just below key resistance/support at 10.25. Looking at the price by volume chart, there may still be some bagholders from the cave-in in January, but the recent PR clearly demonstrated that the content of the Barron's report doubing the technology is rubbish, and they have set very clear targets in the near term to get this plant installed and operational.
Provided SUF can move above 10.25 today and doesn't sell off, I think this could be a good un as the area above 10.25 looks pretty soft and we could see a definite run up in the coming months.
Looks like we have a nice little intraday breakout in the works here. SUF looks to have consolidated here and wants to move into 8.00 land. Volume is pretty low but is building, suggesting breakout is for real and this reversal may have legs. In at 7.95 8)
Quote from: setravis on February 02, 2006, 06:26:58 PM
News on Equipment !
SUF news is a big deal. Validates the technology, because if sonocracking didn't work, they would not be placing orders for building the equipment. This is the crucial issue in the stock"
Already in very long and I believe in Technology. IMHO.
This stock has endured a ferocious short pummeling...... >:D This summer has been brutal !
I've been accumulating and keeping my fingers crossed. ;)
I'm long, and if I could print more money, I'd be even longer..... ;D
52wk Range: 3.25 - 19.70
Volume: 629,500
Avg Vol (3m): 498,151
Technicals
Percentage Gainer
Last Price Quote is:
7.97%above 13-day EMA
inf%above 50-day EMA
Press Release Source: SulphCo, Inc.
SulphCo(R) Announces Test Agreement With Nippon Oil Corporation for Its Sonocracking(TM) Oil Processing Technology
Thursday October 12, 12:46 pm ET
SPARKS, Nev., Oct. 12 /PRNewswire-FirstCall/ -- SulphCo®, Inc. (Amex: SUF - News) has announced that it has entered into a test agreement with Nippon Oil Corporation, Japan's largest refining company, headquartered in Tokyo, Japan. The test agreement's purpose is to enable SulphCo® and Nippon Oil to jointly determine the technical benefits of SulphCo's® Sonocracking(TM) technology on crude oil currently owned or processed by Nippon Oil.
During the term of the agreement, which expires no later than March 31, 2007, SulphCo® will process various samples of Nippon's crude oil or other petroleum feed stocks provided by Nippon using SulphCo's® proprietary Sonocracking(TM) technology.
"We are very excited that Nippon Oil Corporation has chosen to test our Sonocracking(TM) technology due to their dominant position in Japan's sizable oil sector," stated Peter Gunnerman, President of SulphCo® Inc.
This agreement marks SulphCo's third with a major Asian oil refining company in the last three months having previously entered into a test agreement with SK Corporation, the leading Korean oil refining company in July 2006 as well as signing a Letter of Intent with Seoul, Korea-based Hyundai Oilbank Co., Ltd. in August 2006.
For further information about SulphCo®, Inc. please cal: (212) 843-8073 or log onto: www.sulphco.com.
About SulphCo®, Inc.
SulphCo® has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The company's technology upgrades sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
--------------------------------------------------------------------------------
Source: SulphCo, Inc.
News out...Price up...Bullish Engulfing candlestick pattern.
Back above the 50-day MA.
NEWS....................... ;D
ress Release Source: SulphCo, Inc.
SulphCo(R) and OMV Sign a Cooperation Agreement
Wednesday October 18, 12:08 pm ET
15,000 Barrel per Day Sonocracking Reactor to Be Installed At Refinery
SPARKS, Nev., Oct. 18 /PRNewswire-FirstCall/ -- SulphCo®, Inc. (Amex: SUF - News) today announced that it has entered into a Cooperation Agreement with OMV Refining and Marketing GmbH located in Vienna, Austria.
ADVERTISEMENT
The Cooperation Agreement calls for the installation and operation of one of SulphCo's® 15,000 barrel per day commercial Sonocracking units at OMV's principal refinery in Schwechat, Austria near Vienna. The cooperation agreement outlines the basic responsibilities of both parties to permit, install and operate the unit. The agreement further outlines the responsibilities of the parties regarding commercial considerations once the unit is operational.
The 15,000 barrel per day Sonocracking unit to be installed at OMV is already built and currently housed at SulphCo's® primary equipment supplier, NTG, located in Gelnhausen, Germany. SulphCo® will continue to rely on NTG to assist with engineering and installation interface between OMV and SulphCo®.
"The Cooperation Agreement with OMV is a positive step for SulphCo® in its continued and expanding European marketing efforts and is in line with our stated goal of showcasing the commercial capabilities of our Sonocracking technology during 2006. The work experience at OMV will also prove beneficial for future refinery installations," said Dr. Rudolf Gunnerman, SulphCo's® Chairman and CEO.
The installation of this 15,000 barrel per day commercial Sonocracking unit for OMV follows a number of previously announced company initiatives involving Brazil-based Petroleo Brasileiro S. A. ("Petrobras"), Korea-based Hyundai Oilbank Co., Ltd. ("HDO"), and SK Corporation, and Nippon Oil Corporation based in Tokyo, Japan. The company continues to respond to industry inquiries as well as actively market its technology internationally.
Picked up some SUF today at 5.16 as a value play. Recent action has suggested that $5 will hold, and after having been brought down on pretty low volume in the last month or 2, I think SUF is ready for a little rebound.
Quite a few press releases detailing development at SUF lately, but with little corresponding price action. In the most recent update on their sonocracking facility in Fujairah they say that they were on schedule to get the sonocracking equipment installed by 20th Nov, and are aiming to have the plant operational by the end of the year.
http://biz.yahoo.com/prnews/061103/nyf043.html?.v=71
They have also been announcing various agreements with Oil companies such as Nippon Oil and OMV (see previous posts) which may demonstrate interest in their technology, as well as the development of a smaller more all-in-one 15000bpd unit that can be delivered adn installed into ongoing refining operations more easily than their build-to-order systems:
http://biz.yahoo.com/prnews/061023/nym246.html?.v=2
Just today, they released a PR stating that an assessment by Oil consultancy NEXIDEA shows that sonocracking provides an estimated improvement of about $3 - $3.50 per barrel of Maya crude after treating, although the PR also states that NEXIDEA only provided the analysis based on given data. NEXIDEA, however "was not involved in the Sonocracking(TM) treatment or analytical testing of the Maya crude oil and has not independently verified the improvement in quality shown in the assay data." So if you are not convinced by Sulphco, then take it as you will. I take it as a reasonable indication that Sonocracking should be of value to the oil industry (the main questions as to what the actual ROI on one of these units would be, remain...)
Anyway, technically, SUF has strong support at $5, and a descending trendline to contend with, coming of the $7 september highs. Upside resistance at 5.25ish and 5.60. Then not much till 6. $7 is big resistance. Today's little candle suggest to me that we should get a reversal and downtrend breakout shortly, and we have had increased bolume the last 2 days since it went below 5.25. CCI is below 100 and pulling up. I may have jumped the gun on this one a little, without the technical indicators clearly in place, but I figure with a 4.95 stop, I am only risking about 4% on this, and I think it is unlikely for $5 to be broken.
Here's the chart:
SUF closed at 5.40, on the HOD, making a 4.65% move today. All is going well on this rebound play so far... lets see if it can break descending resistance.
I don't know if anyone else caught a bit of this one, but SUF has been absiolutely ripping over the last few sessions! I was too nervous about this company to buy the initial bounce, but it looks like a major short squeeze is on and things are turning. Currently up almost 24% today, this has already nearly doubled since its lows last week (it up 80%!!)
Looks like it could have more in the tank, although watch for the 50MA, and resistance at 4.50 and 5.00. Also looks like it could smack into descending resistance right here at 4.10. Still, I bought this morning at 3.33, so I'm not complaining one bit ;D ;D
OK here's the hourly chart on SUF. Shows a nice upside breakout of a rising wedge. I calculate that to give an upside target of 5.35 (range of wedge pattern = 3.8-2.25 = 1.55 + 3.80 = 5.35. SUF certainly looked strong today and it was almost certainly fueled by both short covering and some renewed market confidence following their conference call yesterday. I just had a listen to it, and it was actually pretty encouraging. They are having some problems with the probes (a key part of the sonocraking process) and anticipate starting test runs o their two main sites in the next 6-8 weeks (probably).
Strangely he cc was mostly a Q&A session, and the analysts on the call were quite pleased with SUF managements newfound openness. Clearly the market thinks the removal of Gunnerman from the BoD and company leadership is a very positive thing and will lead to more clarity both about the process and technology, but also about the company and its progress towards its goals in the next few months.
Technically, if SUF can ge over that 4.17-18 resistance it bashed its head against it should run to 4.50 pretty quickly. It might need some consolidation after that, but it seems to me this could be a real turnaround for the stock. If investors regain their enthusiasm, then this stock should easily be trading around $5 fairly soon. We won't know for sure how things fair with their commercial tests for some months yet, but that is obviously the key litmus test for the technology and the company.
As I said, I'm long from thsi morning, but only on a small position, so I may look to build that position out in the next few days if we see some weakness on profit taking.
Reversal in the works....... ;)
Too much up pressure
Volume is positive.......Doji/Harami....... ;D
52wk Range: 2.25 - 12.49
Volume: 1,755,900
Avg Vol (3m): 501,697
Market Cap: 296.81M
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
16.54%above 13-day MA
RS Rating: N/A
Fundamentals
Key Data:
Market Cap (M): N/A
P/E Ratio: N/A
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Now I know cheap can get a lot cheaper, but we may have a potential double bottom situation here with SUF. Friday's candle was a Doji and an inside day, suggesting a potenial reversal. Buy pivot (at least to me) would be a print of 2.81. With a stop loss at 2.49, that would give a risk of abut 11.4% - high, but considering that a move back to first resistance at 3.68 would represent a 30% gain, it could be worthwhile.
SUF has had a lot of setbacks but thier technology is coming online. I don't think it is the endgame for them just yet, but really the beginning. Their change in leadership, and their recent determination to be transparent with investors bodes well, but of course, it is all about demonstrating their technology. I'm not a believer yet, but this does seem to be an interesting opportunity....
SUF on a double bottom tear!! Up 47% since my last post on March 9th!! If it breaks $4 -4.20 here, I think we could see some fireworks! The high of the "W" is at 4.72, with the low of the right leg at 2.35, if it gets past 4.72, it would put a target of 7.09 IN PLAY.
loks to me like SUF is forming a Cup & Handle formation on th 30 minue chart. Looking for upside resolution.....
SUF had a strong close yesterday and looks set to break out above 4.17-18 resistance. Not much news from the company, but what we do know is they are set to start testing of the Fujairah facility in the next month or so, barring any further delays. This looks to be an important time for Sulphco.
Technically, the chart looks poised for a potential rally. The weekly chart shows that it has broken out of the long term downtrend that stretches back to the highs in December last year. With a nice double bottom put in, this could be the beginning of a new uptrend for this heavily shorted and downtrodden stock. A break of $4.20 *should* get SUF back up to $5, although there looks to be resistance at $4.50 as well. A move above 4.72 would put a W-bottom breakout of $7.09 IN PLAY. I'll be looking to add o my position if we get above 4.20 today.
Did I mention the Cup & Handle on the intraday???
Handle breakout yesterday, with the stock closing right on the "rim" of the cup. A breakout of this pattern would put a target of 5.07 IN PLAY
Well in case you missed it, SUF had a super day, breaking out above 4.17-20 resistance (the top of that cup) and rallying strongly on above average volume. SUF closed right on next resistance at 4.72, so we may see a bit of a pullback, but there was strength going right into the close and not much selling, so I think this move is set to continue. here may be some resistance around 4.93, but I think SUF should break out of this W-bottom and be trading north of $5 very shortly.
Re-post from Ares' "going in with momentum thread, plus his charts. Cheers ares ;)
Quote from: ScottishTrader on April 14, 2007, 08:33:55 AM
Ares,
I like your analysis of the situation, and agree, now is not the time to be buying SUF - there is major resistance at 4.95-5.00 both from the chart and the 200MA and it may struggle a bit to get through there. As far as using the RSI (2) to inform trading decisions, I like it (it reminds me of the CCI, an indicator I like to use), but just remember that these indicators must only be used as supporting evidence to what you see on the chart. They can inform trading decisions, but basing decisions off them (especially one with such a short period) can lead to too many whipsaws and inopportune entry points. But I'm sure you already know that.
As for SUF price action, they released a correction to their form 10 yesterday AH which seemed to bring the stock down 12% in the aftermarket, however, only 600 shares were traded after hours, so this can hardly be seen as a watershed. I sold almost half my SUF yesterday to lock in a 30% gain, it seemed a reasonable thing to do considering the recent run and the looming resistance levels.
If we do get a retrace, I would like to see the recent breakout level of 4.18 hold, so will probably set my stop on the remainder down near there. I may even try and pick up more shares at that level. It is often worth aiming to pick up more shares when a stock tests support for a low risk entry, provided you have a close stop if that support level fails.
The problem with SUF is that the company itself has no revenues, no earnings and has been losing money ever since inception - all they have is a promising and potentially revolutionary technology. Sounds like a biotech really, not an oil technology company. The market is and has been pretty skeptical on them over the last year, and a lot of people ar betting on the technology failing, and that they will never see revenues. This is entirely possible, but they have been building a major facility, which is scheduled to be complete in the next month or two, so d-day on the tech is looming. If positive results come out of this facility, thn we should see a major short squeeze. But my recent experience with DNDN has taught me to treat every trade as a trade, nothing more nothing less. Don't get sucked into "believing" in a technology or a possible outcome, and letting that influence your decisions, which for me at least, need to be based on what the chart is saying.
Hi ST,
I finally got a chance to read the SUF thread from beginning to the latest post.
I really enjoyed reading it and had been admiring a lot of the TA inputs.
When I got to the last post, I was so surprised :o
I feel honoured and encouraged that you pasted my analysis. :)
I can't believe that someone I look up to would refer to it.
Thanks for the encouragement.
Attached is the most recent way I look at SUF.
Comments on this is appreciated (good or bad) so that I could improve on my charting ability.
Currently, on my tradefreedom charts, I see that price closed above the 8ma of the weekly,daily,hourly, and 15 minute charts.
The previous week's candle high is at $5 and the 200ma is at $5.21(resistance)
It looks like this would be a good momentum play on monday if:
Price trades at least 2.5% from the open (changed the 25 cents above the open per your suggestion)
has a positive net price
nice level 2 set up
green prints (block trades coming in would be better) filling the tape.
Ax leaving the offer
the $5 resistance broken
watch out for the $5.21 resistance (this may be broken too if demand is high)
Keep on trading well,
Ares
Quote from: setravis on January 30, 2007, 09:47:33 PM
Reversal in the works....... ;)
Too much up pressure
Volume is positive.......Doji/Harami....... ;D
Double Bottom (reversal) Pattern.......BreakOut !
52wk Range: 2.25 - 12.49
Volume: 589,500
Avg Vol (3m): 563,860
Technicals
Percentage Gainer
Last Price Quote is:
14.15%above 13-day EMA
Double Bottom (Reversal) Pattern
The double bottom is a major reversal pattern that forms after an extended downtrend. As its name implies, the pattern is made up of two consecutive troughs that are roughly equal, with a moderate peak in-between.
Although there can be variations, the classic double bottom usually marks an intermediate or long-term change in trend. Many potential double bottoms can form along the way down, but until key resistance is broken, a reversal cannot be confirmed.
It is important to remember that the double bottom is an intermediate to long-term reversal pattern that will not form in a few days. Even though formation in a few weeks is possible, it is preferable to have at least 4 weeks between lows. Bottoms usually take longer than tops to form and patience can often be a virtue. Give the pattern time to develop and look for the proper clues. The advance off of the first trough should be 10-20%. The second trough should form a low within 3% of the previous low and volume on the ensuing advance should increase. Volume indicators such as Chaikin Money Flow, OBV and Accumulation/Distribution can be used to look for signs of buying pressure. Just as with the double top, it is paramount to wait for the resistance breakout. The formation is not complete until the previous reaction high is taken out.
Technical Play...
Has broken out of a double bottom after a long downtrend....... ;D
Back above the 200-day MA
52wk Range: 2.25 - 12.49
Volume: 362,900
Avg Vol (3m): 566,208
Technicals
Percentage Gainer
Last Price Quote is:
20.19%above 13-day MA
thanks for updating setravis, haven't been around much recently as I've been pretty busy. Still holding SUF though, and its treating me well. Yesterday's break of $5 was crucial and we are seeing nice follow through today. Still no news to drive the price, but often when there is no news, just follow the money - I think we may hear some details about Fujairah very soon...
Press Release Source: SulphCo(R), Inc.
SulphCo(R) Announces Annual Meeting Scheduled for June 19th
Friday May 18, 11:24 am ET
Upcoming Investor Conference Call Scheduled the Week of May 28th
SPARKS, Nev., May 18 /PRNewswire-FirstCall/ -- SulphCo®, Inc. (Amex: SUF - News) announced today that it will hold its annual meeting on June 19th, 2007 at 9:30 a.m. The meeting will be held at the offices of K&L Gates, 599 Lexington Avenue in New York City.
Prior to the annual meeting the company will host a conference call the week of May 28th outlining the status of our testing initiatives and progress of the probe development program. Details of the call will be released next week.
About SulphCo®, Inc.
SulphCo® has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The Company's technology is designed to upgrade sour heavy crude oils into sweeter, lighter crude oils, producing more gallons of usable oil per barrel.
For further information or to arrange interviews with CEO Dr. Larry Ryan or other SulphCo senior management officials please call (212) 843-8073 or email
[email protected].
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
--------------------------------------------------------------------------------
Source: SulphCo(R), Inc.
Technical Play (Long Recommendation)....... ;)
Recent CandleStick Analysis
Very Bullish
May-17-2007 Bullish Engulfing
52wk Range: 2.25 - 10.00
Volume: 617,244
Avg Vol (3m): 491,877
Technicals
Stochastic - Bullish
Percentage Gainer
Last Price Quote is:
1.68%above 13-day MA
RS Rating: N/A
Fundamentals
Key Data:
Market Cap (M): N/A
P/E Ratio: N/A
PEG Ratio: N/A
Next Earnings: N/A
Last Analyst Rating: N/A
Press Release Source: SulphCo(R), Inc.
SulphCo Restates Calculation for 1st Quarter Deemed Dividend
Wednesday August 8, 12:49 pm ET
This non-cash item does not impact the Company's current or ongoing operations
HOUSTON, Aug. 8 /PRNewswire-FirstCall/ -- SulphCo®, Inc. (Amex: SUF - News) announced yesterday that the management of SulphCo, Inc. (the "Company") in consultation with the Company's Audit Committee, concluded that its previously issued financial statements as of and for the three-month period ended March 31, 2007, as included in its Quarterly Report on Form 10-Q as filed with the Securities and Exchange Commission on May 15, 2007 (the "Q1 2007 Form 10-Q"), should no longer be relied upon as a result of the Company's determination that it had incorrectly accounted for the non-cash deemed dividend resulting from the inducements provided to the 2004 Warrant Holders and the 2006 Warrant Holders in March 2007. The misstatement had the effect of understating the Company's Net Loss Attributable to Common Stockholders by approximately $11.4 million or $0.16 per share. After giving effect to the full amount of the non- cash deemed dividend (approximately $11.5 million), the Company's Net Loss Attributable to Common Stockholders is approximately $14.5 million versus approximately $3.0 million as originally reported. On a per share basis, the Company's Net Loss Attributable to Common Stockholders is $0.20 per share versus $0.04 per share as originally reported. The Company intends to file restated financial statements to correct this misstatement in its Q1 2007 Form 10-Q as soon as practicable.
Stanley W. Farmer, Vice President and CFO of SulphCo® stated, "In full compliance with the rules of the SEC, the Company filed a Form 8-K reporting these facts. However, since the Company had not filed a press release regarding the events reported in the Form 8-K it was not in compliance with AMEX regulations. As a result, the AMEX halted trading on SulphCo's stock until a press release was issued by the Company."
About SulphCo®, Inc.
SulphCo® has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The Company's technology is designed to upgrade sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
Contact: Adam Mazur
Rubenstein PR
212-843-8073
[email protected] Tim Clemensen
Rubenstein IR
212-843-9337
[email protected]--------------------------------------------------------------------------------
Source: SulphCo(R), Inc.
Press Release Source: SulphCo, Inc.
SulphCo Commissions 30,000 bpd of Crude Capacity in Fujairah, UAE
Wednesday August 8, 6:32 pm ET
HOUSTON, Aug. 8 /PRNewswire-FirstCall/ -- SulphCo®, Inc. (AMEX: SUF - News; the "Company") announced today the commissioning of the first phase of its 180,000 barrel per day crude oil processing plant in Fujairah, United Arab Emirates. The Company reported the completion of infrastructure and ancillary facilities, including electric, cooling, water tanks, sludge tanks, pumps, control systems, a water separator and external feed lines, sufficient to allow continuous operation of one of the six commercial scale 30,000 bpd Sonocracking units earlier installed at the facility.
Initial testing began on August 5th with a run of 285 barrels of heavy oil (less than 13 degree API gravity, sulphur content 2.63% by weight) through a 5,000 bpd skid (six of which in parallel comprise a 30,000 barrel per day commercial unit). The oil was supplied by tank truck through external piping into the plant, with flow rates averaging 2,500 bpd and peak rates as high as 3,500 bpd, said Brian Savino, President of SulphCo®. "The limiting factor was the discharge rate of the tank truck, not the throughput capacity of the Sonocracker."
Dr. Larry Ryan, CEO of SulphCo®, described the event as a milestone in the history of the Company, stating "We now have the ability to operate a commercial scale prototype unit for extended runs on tank truck quantities of the types of heavy oil for which this unit was designed. What's more, this installation was completed on schedule under our revised timetable." He added that "The ultrasonic probes performed flawlessly during this test, showing no evidence of inconsistency or mechanical breakdown."
Sensitive to the fact that potential customers and investors alike are anxiously awaiting test results validating the technology on a commercial scale, Dr Ryan counseled patience, stating that "This is just the first run on a heavy oil we have never before tested. More than 50 samples were collected under various combinations of power settings, water content, and flow rates, with the goal of optimizing system performance. The samples were then sent to a respected outside laboratory for testing. Once preliminary data is analyzed, additional testing will take place later this month involving larger runs of a varied slate of heavy oils, and utilizing a new probe developed by an outside supplier. Results from these trials will be released only after a sufficient data base has been compiled and appropriate analyses have been performed."
With respect to the European testing program, Dr. Ryan commented that "further testing in concert with our European partner has been delayed by permitting and coordination issues over which the Company had no control. Those issues have now been resolved and both SulphCo® and our European partner are fully committed to a resumption of testing as soon as practicable."
About SulphCo®, Inc.
SulphCo® has developed a patented safe and economic process employing ultrasound technology to desulfurize and hydrogenate crude oil and other oil related products. The Company's technology is designed to upgrade sour heavy crude oils into sweeter, lighter crudes, producing more gallons of usable oil per barrel.
From time to time, the company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
--------------------------------------------------------------------------------
Source: SulphCo, Inc.
Symmetrical Triangle (continuation) Pattern.......BreakOut
Back above the 50-day MA
52wk Range: 2.25 - 6.24
Volume: 424,900
Avg Vol (3m): 293,364
Technicals
Percentage Gainer
Last Price Quote is:
11.17%above 13-day MA
Some nice follow through off the Breakout
of the Symmetrical Triangle (continuation)Pattern.
Back above the 200-day MA.
52wk Range: 2.25 - 6.15
Volume: 1,100,200
Avg Vol (3m): 291,973
Technicals
Percentage Gainer
Last Price Quote is:
32.41%above 13-day MA
RS Rating: N/A
Fundamentals
Earnings Expected on Aug 13
Yesterday's closing chart.......
Let's watch and see where this one goes,
Break of the downtrend line
SUF SulphCo Announces Successful Commercial Technology Evaluations...
HOUSTON, Oct 14, 2010 (GlobeNewswire via COMTEX) -- SulphCo, Inc. (the "Company" or "SulphCo") (nyse-amex:SUF) a technology company with a patented ultrasound process designed to desulfurize liquid petroleum streams, today provided an update on the progress of the commercial technology evaluations with a wholly-owned subsidiary of a domestic mid-stream energy company.
As reported in June, the two companies entered into an agreement (the "Validation Agreement") under which SulphCo installed a mobile Sonocracking(TM) unit at a natural gas liquids ("NGL") fractionation facility located in Mont Belvieu, Texas for the purpose of evaluating the commercial scale performance of SulphCo's Sonocracking(TM) technology on certain natural gasoline streams produced at the facility. The installation and operational commissioning of the Sonocracking(TM) unit began during the week of June 28, 2010 and was completed during the week ending August 27, 2010 with the two companies working together to jointly prepare the site at the Mont Belvieu facility. During this period, SulphCo's installation team, in conjunction with site engineers based at the Mont Belvieu facility, successfully installed the mobile Sonocracking(TM) unit and conducted commissioning tests to assure safe operations and equipment reliability.
Commercial scale validation tests began during the week of August 30, 2010. The initial work involved a number of trials designed to define the operating parameters within which different operating variables such as additive levels and throughput rates could be optimized. Over the course of the commercial scale validation phase, a variety of natural gasoline streams with starting sulfur levels ranging from less than 150 parts-per-million ("PPM") to more than 400 PPM were treated successfully with resulting sulfur levels routinely coming in at the sulfur reduction target of less than 45 PPM and with volumetric throughput rates on a single processing line ranging from 1,000 barrels-per-day ("BPD") to 3,000 BPD. Five weeks of commercial scale validation trials culminated during the week ended October 1, 2010 with SulphCo conducting a continuous run of 42 hours on a single processing line with volumetric flow rates ranging from 1,500 BPD to 2,000 BPD and resulting sulfur levels consistently less than 45 PPM.
The two companies have jointly agreed that the results achieved during the commercial scale validation phase met or exceeded the performance parameters that were established in the Validation Agreement and have mutually agreed to move forward with negotiations on a definitive commercial agreement. Although SulphCo and the facility operator have agreed to work toward a commercial agreement, there can be no guarantee that terms for a commercial agreement will be reached or that a commercial contract will be executed.
"We are pleased with the outcome of this commercial evaluation and its validation of SulphCo's proprietary Sonocracking(TM) technology," said Dr. Larry D. Ryan, SulphCo's Chief Executive Officer. "We are especially pleased that it met established performance parameters. Reaching this important milestone will now allow us to focus on finalizing commercial negotiations, as well as begin to explore additional opportunities with the facility operator and others interested in applying our technology to NGLs and other liquid petroleum streams at Mont Belvieu and elsewhere."
About SulphCo, Inc.
Houston-based SulphCo has developed a patented safe and economic process employing ultrasound technology to alter the molecular structure of liquid petroleum streams. The overall process is designed to "upgrade" the quality of liquid petroleum streams by modifying and reducing the sulfur and nitrogen content making those compounds easier to process using conventional techniques, as well as reducing the density and viscosity. For more information, please visit http://www.sulphco.com/ .
The SulphCo, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6126
From time to time, the Company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: SulphCo, Inc.
CONTACT: SulphCo, Inc.
U.S. Investors & Media
Jeffrey R. Freedman, Vice President of Corporate Development
+1 713-896-9100
SUF SulphCo Confirms That Its Policy is Not to Comment on...
HOUSTON, Oct 22, 2010 (GlobeNewswire via COMTEX) -- SulphCo, Inc. (the "Company" or "SulphCo") (SUF), a technology company with a patented ultrasound process designed to desulfurize liquid petroleum streams, today reported that in view of the unusual market activity in the Company's stock, the NYSE-Amex LLC had contacted the Company in accordance with its usual practice; the Company confirmed that its policy is not to comment on unusual market activity or rumors.
About SulphCo, Inc.
Houston-based SulphCo has developed a patented safe and economic process employing ultrasound technology to alter the molecular structure of liquid petroleum streams. The overall process is designed to "upgrade" the quality of liquid petroleum streams by modifying and reducing the sulfur and nitrogen content making those compounds easier to process using conventional techniques, as well as reducing the density and viscosity. For more information, please visit http://www.sulphco.com/ .
The SulphCo, Inc. logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=6126
From time to time, the Company may issue forward-looking statements, which involve risks and uncertainties. This statement may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as actual results could differ and any forward-looking statements should be considered accordingly.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: SulphCo, Inc.
CONTACT: SulphCo, Inc.
U.S. Investors & Media
Jeffrey R. Freedman, Vice President of Corporate Development
+1 713-896-9100
A pop for SUF...
Technicals
Most Actives
Percentage Gainer
Last Price Quote is:
49.36%above 13-day MA
76.25%above 50-day MA
Day's Range: 0.4940 - 0.75
52wk Range: 0.18 - 1.21
Volume: 4,161,954
Avg Vol (3m): 518,021
Market Cap: 72.21M
P/E (ttm): N/A
EPS (ttm): -0.10
Div & Yield: N/A (N/A