SKPI.OB

[David Randolph]

SKPI.OB filed a "FORM 12B-25 - NOTIFICATION OF LATE FILING" and the reasons given were:

«The  attention  and efforts of  management  and  financial  officers  were fully
directed toward completing a necessary  financing and, as a result,  preparation
of the necessary information was delayed.»

I could dislike this information, but not with SKPI.OB. The last time the company said it had raised funds was July 28th before the open and the stock rose 10% on that session.

So I'll just continue to hold SKPI.OB, hoping my profits will grow more, possibly a lot more.

[David Randolph]

The complete absency of volume on SKPI.OB (just 13,800 shares traded today) tells me the manipulators didn't sold yet, how could they? There was no volume.

So, their job isn't finished yet, expect some big white candles anyday on SKPI.OB.

[David Randolph]

I'll continue holding SKPI.OB, must see if my manipulation theory is right or not, to learn for future similar situations.

My take is this stock won't go down a lot if it hadn't a previous distribution phase with high volume. It didn't had any volume over the last few sessions, so I maintain that whoever is manipulating the stock hasn't sold yet.

But I've promised to build somekind of safety net on SKPI.OB, so if the stock closes again below $1.25 I'll sell.

[David Randolph]

Nothing new on SKPI.OB, a white candle with low volume (but a bit better than the ones we've been having), I'll continue holding according to plan.

[David Randolph]

The second quarter report was out yesterday after the close on SKPI.OB. I was reading it thoroughly and I've decided to sell the stock today if there's some volume where I can unload.

My reasoning is the following:

1) I've accumulated some losses on these micro cap oil "investments" and have an open profit of 31% in SKPI.OB that could put the whole campaign in the green.
2) I've learned that production and revenues from this company, at best, will come only at the second quarter of 2006. Well, I believe the oil bubble will be over by then, so it's possible the production won't even happen because liquidity to fund operation may dry up. There's no speculative incentive.
3) Perhaps the stock isn't being manipulated as I thought, perhaps what's happening is just some sort of stock promotion that is taking it higher with low volume.

I'll take profits today if I have the chance of doing it without inducing great damage to the stock price.

My mistake with these micro cap oil plays was that the companies were too small, even without production. I should have looked for small caps, but not micro caps ... perhaps a big  speculative push will still come, but I see no signs of it with oil already above $65 a barrel.

I'll bail out, learn my lesson and move on ...

[David Randolph]

I was reading it thoroughly and I've decided to sell the stock today if there's some volume where I can unload.

I said I would do it, and I did it, sold SKPI.OB at $1.4 for a 26% profit.

[la-onda]

SKPI analysis; price target: 2.75$
1)
http://www.knobias.com/research.pdf?id=3626
2)
http://www.knobias.com/research.pdf?id=3186


chart:

[la-onda]

 Dutton Associates Raises Sky Petroleum Price Target to $3.15
Monday , April 03, 2006 03:59 ET

AUSTIN, TX, Apr 03, 2006 (MARKET WIRE via COMTEX) -- Sky Petroleum, Inc. (OTC BB: SKPI), an oil and gas exploration company, is pleased to announce that on March 29, 2006, Richard R. Wolfe, CFA of Dutton Associates, reiterated his Buy rating and raised his target price to $3.15.

The following is from the Research Note:

"We have had a BUY rating on shares of Sky Petroleum at a 12-month target price of $2.75, and the stock's most recent close (March 28) was at $2.60. Based on a preliminary review of updated cash flow projections for the company, we are increasing our target price to $3.15 and maintain our BUY rating. We expect to issue a full update on Sky Petroleum during the next two weeks, following the company's expected annual filing. The forthcoming update will include a comprehensive valuation analysis."

&

Sky Petroleum Set 52-Week Closing High On Higher Volume
Wednesday, April 05, 2006 23:55 ET

(financialwire.net via COMTEX) -- April 6, 2006 (FinancialWire) Sky Petroleum Inc (OTCBB: SKPI) gained 6.33% on volume of 435,330, which was higher than its average 306,665, to close at $3.19, a new 52-week closing high.

Sky Petroleum is covered by Investrend Research affiliate SISM Research's analyst Ernest C. Schlotter, an oil and gas analyst and a four-star analyst, according to StarMine. On December 7, 2005, Schlotter initiated coverage with a "Speculative Buy/4" rating and a 12-month price target of $4.20. SISM Research is distributed by the Investrend Research Syndicate.

Both SISM Research and Investrend Research subscribe to the "Standards for Independent Research Providers" at http://www.firstresearchconsortium.com and adhere to the Guidelines for independent providers jointly endorsed by the National Investor Relations Institute (http://www.niri.org) and the CFA Institute (http://www.cfainstitute.org)

According to the New York Times (NYSE: NYT), a survey by Charles Schwab & Co. reveals an astonishing 78 percent of active stockholders now "value research from independent firms over analysis by Wall Street firms with financial ties to the companies they are rating." A survey at Investopedia reveals that 74.7% of investors say that "legitimate fee-based research is objective and useful," and 70.9% say that a company that enrolls for "legitimate fee-based research is making a positive statement about its investment potential."

Sky Petroleum Inc. pays SISM Research $1,750 per month over a one-year period solely to ensure independent coverage.

[la-onda]

FEEDBACK & Comments are appreciated
thanks
Oliver 


Dutton Associates Raises Sky Petroleum Price Target to $3.90
Monday , April 10, 2006 03:59 ET

AUSTIN, TX, Apr 10, 2006 (MARKET WIRE via COMTEX) -- Sky Petroleum, Inc. (OTC BB: SKPI), an oil and gas exploration company, is pleased to announce that on April 6, 2006, Richard R. Wolfe, CFA of Dutton Associates, reiterated his Buy rating and raised his target price to $3.90.

The following is from the Research Note:

"Based on our review of Sky Petroleum's recently filed annual report on Form 10-K for the year ended December 31, 2005, we are raising our target price on SKPI shares. The new target price is $3.90 and reflects accumulating evidence from SKPI's ongoing drilling program in the Mubarek Field offshore United Arab Emirates. We now believe that our base-case scenario for Mubarek productivity deserves to be assigned a higher probability, and the effect, in our earnings/cash flow model, is to push our estimate of the company's valuation substantially higher (using a combination of cash-flow based and asset-value based valuation methods). We arrive at a median figure for valuation per common share of $3.90, and accordingly, we have set that figure ($3.90 per share) as our new target price for SKPI shares. The new target price is 22% higher than the most recent close (April 5, 2006) of $3.19 per share, and we therefore reaffirm our BUY rating on the shares."

&

SKPI march presentation:
http://library.corporate-ir.net/library/14/148/148155/items/190729/Duttonfinal_032706.pdf

[la-onda]

fyi: 

[la-onda]

updated report:
http://www.jmdutton.com/research/skpi/reports/skpi_report_042706.pdf


I am invested....

[la-onda]

nice chart today 

cheers
Oliver