3SOF

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....
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

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

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......  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.....

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.......................

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 

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.