3SOF

Profile:  


Pyramid Oil Co.
2008-21st Street
Bakersfield, CA 93301
United States - Map
Phone: 661-325-1000
Fax: 661-325-0100
Web Site: http://www.pyramidoil.com

DETAILS  
Index Membership: N/A
Sector: Basic Materials
Industry: Independent Oil & Gas
Full Time Employees: 13


BUSINESS SUMMARY  
Pyramid Oil Company engages in the exploration, development, and production of crude oil and natural gas primarily in California. It holds oil and gas interests primarily in California, as well as in New York and Wyoming. The company sells oil and gas primarily to crude oil purchasers, refineries, or pipeline companies. As of December 31, 2006, it had proved developed and undeveloped reserves of 741 MBbls of oil and 65 MMCF of gas. The company was founded in 1909 and is based in Bakersfield, California.

A microcap oil exhibiting strength.

volume + gains = on my radar 

adding this one to my watch list, need to do some dd on this company and wait for a decent pullback before jumping into this one, but recent volume and gain has me itching to pull the buy trigger.
hoping to get in this around 5.20 for the long haul

Nobody likes oil at these prices...but at least having some stocks like this help some of us.
Question, would we rather see oil at 65 $ a share, or have 5000 shares of PDO ?
I will take the $65.00 oil , and a stock price of $5.00 on PDO ...its going higher. 

Running hard

Anyone in this Monster.   

Not me.

Scottrade wouldn't let me buy...

I woulda had a swift 15% run...

Wait for a decent pullback before jumping into this one.......

SmallCapInvestor.com
Pyramid Oil, James River Coal and WSI Industries among 52-week highs
Monday April 21, 4:36 pm ET

were among the new 52-week highs established during Monday's trading among companies with market capitalizations or values under $750 million.



52wk Range: 3.00 - 4.50
Volume: 423,610
Avg Vol (3m): 2,326.15
Market Cap: 35.43M
P/E (ttm): 23.68
EPS (ttm): 0.40

Technicals
Record Price High
Percentage Gainer

Last Price Quote is:
inf%above 13-day MA
inf%above 50-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

Technicals
Record Price High
Percentage Gainer

MACD is Bullish
Stochastic is Bullish

2:59PM Pyramid Oil jumps over 30% after reporting Q1 earnings 30 minutes ago (PDO) 12.60 +3.71 : PDO has traded ~$3 (~31%) in that past 30 minutes, after reporting Q1 EPS of $0.22 vs $0.02 in 1Q07 and revs that rose 92% YoY to $1.6 mln. "The sales and earnings momentum we carried at the end fiscal 2007 continued through the first fiscal quarter, and in light of the opportunities we are pursuing to increase our oil and gas production, we are optimistic about our prospects for continued financial growth during the remainder of the year.... Important progress has been achieved on our natural gas joint venture in Texas, where the operator recently executed a gas sales contract... We anticipate construction of the 3.8-mile gas pipeline will begin shortly, and are anticipating that sales will commence sometime this summer."

Press Release Source: Pyramid Oil Company


Pyramid Oil Company Announces Strong Revenue and Earnings Growth in First Fiscal Quarter
Thursday May 15, 2:31 pm ET


Revenue Increases 92% to $1.6 Million Versus Q1 Last Year; Net Income Improves to $834,000, or $0.22 per Share, Versus $58,000, or $0.02 per Share, in Comparable Year-Ago Quarter


BAKERSFIELD, CA--(MARKET WIRE)--May 15, 2008 -- Pyramid Oil Company (AMEX:PDO - News) today announced financial results for its first fiscal quarter ended March 31, 2008.


Revenue increased 92% to $1,589,896 versus $826,180 in last year's first quarter. Approximately 81% of the increase was due to higher oil and gas prices, which were up by $38.50 per equivalent barrel of oil versus the first quarter last year. Approximately 12% of the increase was due to higher production and sales levels. Pyramid's first quarter net revenue share of crude oil production increased by approximately 1,800 barrels compared with the first quarter last year.

Operating income increased to $739,698 versus $44,379 in the first quarter a year ago. Net income rose to $834,271, or $0.22 per diluted share, from $57,929, or $0.02 per diluted share, in the comparable year-ago quarter.

John Alexander, president and CEO, said, "The sales and earnings momentum we carried at the end fiscal 2007 continued through the first fiscal quarter, and in light of the opportunities we are pursuing to increase our oil and gas production, we are optimistic about our prospects for continued financial growth during the remainder of the year.

"Important progress has been achieved on our natural gas joint venture in Texas, where the operator recently executed a gas sales contract," Alexander said. "We anticipate construction of the 3.8-mile gas pipeline will begin shortly, and are anticipating that sales will commence sometime this summer."

Post-frac testing on the initial well in the Texas JV indicated natural gas rates of more than 4 million cubic feet per day. Pyramid owns a gross 12.5% working interest (before payout) in the prospect. The JV also holds oil and gas leases on approximately 5,700 contiguous acres surrounding the initial well, and plans to commence additional drilling operations on the acreage shortly after completion of the gas sales pipeline.

Pyramid also is currently conducting completion and testing operations on a recently drilled well in its Carneros Creek field in California, and intends to report on production results once testing efforts have been completed. The Company plans to drill additional wells in the field during 2008, and also is conducting enhancement efforts on several existing Carneros Creek wells in an effort to boost production rates.

Cash and short-term investments at March 31, 2008, were $2,329,113, up from $2,097,427 at December 31, 2007. Working capital at the end of the first quarter improved to $2,398,148 from $2,251,635 at the end of fiscal 2007. Stockholders' equity increased to $7,438,226 from $6,603,955 during the three-month period.

About Pyramid Oil Company

Pyramid Oil Company has been in the oil and gas business continuously since incorporating in 1909. Pyramid acquires interests in land and producing properties through acquisition and lease, and then drills and/or operates crude or natural gas wells in an effort to discover or produce oil and/or natural gas. More information about the Company can be found at: http://www.pyramidoil.com.

Safe Harbor Statement

Certain statements and information included in this press release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995, including statements regarding the completion and testing of wells. Forward-looking statements involve known and unknown risks and uncertainties, which may cause the Company's actual results in future periods to differ materially from forecasted results. Factors that could cause or contribute to such differences include, but are not limited to the value of crude oil or the performance of wells.

Year to Date Biggest Percentage Gainers. 
As of Friday's closing Price

#1     PDO          $15.74    +456%



Day's Range: 15.20 - 19.85
52wk Range: 3.00 - 4.50
Volume: 1,036,577
Avg Vol (3m): 2,326.15
Market Cap: 68.46M
P/E (ttm): 45.75
EPS (ttm): 0.40


Technicals
Record Volume
Record Price High
Percentage Gainer

Not sure how far this one can go...but it is the #1 biggest percentage gainer of the year.


52wk Range: 3.00 - 4.50
Volume: 1,227,822
Avg Vol (3m): 2,326.15

Technicals
Record Price High
Percentage Gainer
Price Gainer

Pyramid Oil among 52-week highs.......


Day's Range: 24.00 - 28.00
52wk Range: 3.00 - 4.50
Volume: 1,847,156
Avg Vol (3m): 2,326.15
Market Cap: 101.38M
P/E (ttm): 68.45
EPS (ttm): 0.40

Technicals
Record Price High
Gap Up
Percentage Gainer
Price Gainer

Nice call on this stock just 7 months ago....
I should have been more attentive !!

Parabolic earnings rise...Holding its ground.

Support @ $18.40...15.72...12.89
Resistance @ $28.75...31.94

MACD is Bullish
Stochastic is Neutral

Recent CandleStick Analysis
Very Bullish
Jun-02-2008 Bullish Engulfing 

52wk Range: N/A
Volume: 725,208
Avg Vol (3m): N/A
Market Cap: 72.95M
P/E (ttm): 32.13
EPS (ttm): 0.607
Div & Yield: N/A (N/A)

Technicals
Percentage Gainer