3SOF

I'm back in FPP. 

Hopefully it'll do the same nice thing as last year.

Just to let you guys know this good little stock is out there... But you DO have to keep an eye on it.

Cheers!

News out...



FieldPoint Petroleum Corporation Reports Record Results for Fiscal Year 2005
Friday March 31, 4:02 pm ET


AUSTIN, Texas--(BUSINESS WIRE)--March 31, 2006--FieldPoint Petroleum Corporation (AMEX:FPP - News) today announced record results for the fiscal year ended December 31, 2005.
2005 Financial Highlights Compared to 2004

Revenues increased 32% to $3,979,385 from 3,016,902;
Net Income rose 101% to $1,041,292 from $518,715; and
Earnings per share, basic increased to $0.13 from $0.07 and fully diluted, increased to $0.12 from $0.07.
The increase in revenue is attributed to acquisitions made in 2004 which lead to drilling in 2005 and an increase in commodity prices, which averaged approximately $52.83 per barrel and $6.36 per MCF in 2005, compared to $38.35 per barrel and $4.31 per MCF in the prior year.

Proved reserves totaled approximately 1,123,130 barrels of oil equivalent (BOE), compared to approximately 1,116,530 BOE for 2004. Future net revenues, discounted 10% and based on $56.92 BOE and $6.66 per MCF, were $24.6 million at year-end 2005. This compared to $15.4 million, using average prices of $41.00 BOE and $4.65 per MCF reported for 2004. Please refer to the more detailed discussion of the qualifications and assumptions used in the estimating proved reserves and future net revenues contained in our Annual Report on Form 10-KSB.

"2005 proved to be a strong year for FieldPoint," noted Ray Reaves, President and CEO of FieldPoint. "We continue to diligently explore new opportunities and development programs, which hold the potential of materially enhancing our shareholder value. In light of our recent financial performance the Company currently has no long term debt and over $6 million in stockholders' equity."

About FieldPoint Petroleum Corporation

FieldPoint Petroleum Corporation is engaged in oil and gas exploration, production and acquisition, primarily in New Mexico, Oklahoma, Texas and Wyoming. For more information, please visit www.fppcorp.com.

Something is up with this little guy! 

Am I the only one watching FPP?

Cheers.

...and I'm watching it go up again today! 

With such a small float, this stock really can jump!

So far up 4.3% today...after 20 minutes of trading, about half of average volume traded.

Cheers! 

Helloooooooooooooooo...........?

Anyone?

Oh, well. I'll just keep talking to myself.

cumulina. I just registered with stocks on fire to check out what you had to say. Im watching Fpp too. Do I sell now? Dropped .28 today. What do you think? Take the money and run? shameless

Hi, shameless01.

I didn't see your post untill today.

I had a very tight trailing stop placed on FPP, so I got stopped out yesterday. I'll be looking to get back in again later.

Good luck to you.

Cheers.

Hi Chumulina,

I love this lil' fella...it's a wirey one! I've held on to FPP sinse Dec...I got in @ 8.30 so Im in it for the long haul. Sure is fun to watch it tho.

FPP is finally moving, and what a move!



Up 16.73% right now at 6.00

(I bought at 6.19... )

The low float really lets this one move.

Lots of nice movers today, but my little FPP did extremely well!

As I have been "averaging down" on this one, my average price is now 4.5125 

I'll attatch the daily and the weekly charts to show the possibilities of this stock.

I'm sorry that I can not analyze the charts for you, maybe somebody else would?

Thanks - and good luck!

No interest for FPP, guys?

Now trading at 5.65 - and that is a gain today of 6.6%.

Volume is nice, so I'll try to hold on till it reaches $8 or maybe even $10.

Quote from: cumulina on July 03, 2006, 03:28:00 PM
I'm sorry that I can not analyze the charts for you, maybe somebody else would?

cumulina,

FPP is in a bearish trend right now:

1. On March 7, it broke below a four-month Descending Triangle on the takeout of the double-bottom of 6.75.  That put a downside target of 3.33 IN PLAY.

2. After bottoming at 4.80, the stock rebounded back above the bottom of the Descending Triangle (6.75), and slightly above the top of the Descending Triangle on April 18, where it put in a Bearish Island Reversal Top.

An Island Reversal Top has a gap up (April 17), and then a gap down (April 24), leaving an "island" of prices (7.15-8.10) where longs are stranded.  They can't get "off the island" without taking a loss.

The fact the the Island Reversal Top occurred at the top of the Bearish Descending Triangle reinforces the bearishness of the trend.

3. In early May, 2006, the stock tried to bottom at the Bearish Cross of the 50 and 200DMAs.  The low was 6.04.  That failed, which is another bearish confirmation.

4. FPP then double-bottomed at 4.81 on May 19, and bounced.  First resistance was that 6.04 low at the Bearish Cross of the moving averages.  That rally failed at 6.00 even, re-confirming the bearishness of the trend.

5. On June 13, the 4.80-4.81 double-bottom broke to the downside.   

Quote from: cumulina on July 05, 2006, 02:08:54 PM
No interest for FPP, guys?

Now trading at 5.65 - and that is a gain today of 6.6%.

Today, FPP is down 6% at the moment.   

Absent something good on the fundamentals, it's difficult for a stock that is in a bear trend, like this one is, to sustain rallies.

Quote
As I have been "averaging down" on this one, my average price is now 4.5125 

You've obviously held FPP for quite awhile since your average cost is only 4.5125.  I know that you like the fundamentals on this company.  Just wanted you to be aware of the bearish trend while you've still got such a nice gain in the stock, and the fact that FPP has got an uphill battle to fight with so much overhead resistance.

Good luck!  I hope it goes up a lot if you decide still to hold it for the long-term. 

Thank you very much, Melf Elf.

When I read what you write ...ouch! It doesn't look good, does it?

I tend to see my dear little stocks trough rosy-coloured glasses, and I know that is very, very wrong.
At least if I want to make money on them. 

Well...I think I'll hang on a while longer though.
The last report was good, and with oilprices being what they are (and going to who-knows-where) small companies like this one might just come up with a surprise.

I hope nobody got burned today with the drop, but it seems to me that it's red all over. 

Take care, and good luck to all of you.

Quote from: cumulina on July 07, 2006, 03:37:12 PM
Thank you very much, Melf Elf.

When I read what you write ...ouch! It doesn't look good, does it?

cumulina,

No, my friend, it didn't look good at all.  In fact, it turned out to be a great short.   FPP is down 42.6% since July 6.

Quote from: Melf Elf on July 07, 2006, 02:46:03 PM
cumulina,

FPP is in a bearish trend right now:

1. On March 7, it broke below a four-month Descending Triangle on the takeout of the double-bottom of 6.75. That put a downside target of 3.33 IN PLAY.

The 3.33 target MADE yesterday. 

I'm glad that you made money on it, Melf Elf. Well done.

I - off course - did not.

As a matter of fact: Due to being as stubborn as I am, I took a well deserved beating.

Now holding only a token small portion of FPP.

Hopefully I'll learn from this!