TGC - Sector: Energy - Industry: Oil & Gas Operations

[REALDEALS21]

While other Natural gas and oil stocks are down, this one is Up ! Looking to to pass $1 this week with BIG volume !

[Terliso]

TGC pushed up 11% today, that makes over 130% in seven sessions...not bad to take profit from here... but i firmly believe TGC will push up to $1.30  happy trading

[setravis]

MACD bottomed turning north, Stochastic turning up coming out of oversold.
Back above the 50-day EMA

Support @ 0.48...0.45...0.35
Resistance @ 0.53...0.56...0.62...0.88
MACD is neutral
Stochastic is bullish


Technicals
Most Actives
Percentage Gainer

Last Price Quote is:
6.43%above 13-day EMA
11.24%above 50-day EMA
RS Rating: 99 

Fundamentals
Earnings Expected on Nov 21

Key Data:
Market Cap (M): $13.58 

[sebfr]

Hi,

good stock to buy...

Buy at about 0.500
stop loss at about 0.390

Signal : Triangle breakout on good volume

[setravis]

Big gap up this morning....


TENGASCO INC (AMEX:TGC) Delayed quote data 

Last Trade: 0.81
Trade Time: 9:49AM ET
Change:  0.18 (28.57%)
Prev Close: 0.63
Open: 0.90
Bid: N/A
Ask: N/A
1y Target Est: N/A

  Day's Range: 0.77 - 0.90
52wk Range: 0.13 - 0.99
Volume: 1,664,600
Avg Vol (3m): 446,348
Market Cap: 47.38M
P/E (ttm): 115.71
EPS (ttm): 0.01
Div & Yield: N/A (N/A)

[setravis]

Symmetrical Triangle (continuation) Pattern....Breakout!

• Tengasco Announces Record Fourth Quarter 2005 and Record Year-End 2005 Results and Reports 2005 Results of Operations

Technicals
Percentage Gainer

Last Price Quote is:
18.61%above 13-day EMA
25.38%above 50-day EMA
RS Rating: 97 

Fundamentals
Reports Earnings

Key Data:
Market Cap (M): $13.58 

[setravis]

Press Release Source: Tengasco, Inc.


Tengasco Announces Record Fourth Quarter 2005 and Record Year-End 2005 Results and Reports 2005 Results of Operations
Monday March 20, 3:07 pm ET


KNOXVILLE, Tenn.--(BUSINESS WIRE)--March 20, 2006--Tengasco, Inc. (AMEX:TGC - News) announced today that it has filed with the Securities and Exchange Commission its Annual Report on Form 10-K for the year ending December 31, 2005.


For 2005, the Company reported a net income to holders of common stock of $1,088,028 or $0.02 per share in 2005 compared to a net loss of $1,994,025 ($0.05 per share) in 2004 and to a net loss of $3,451,580 ($0.29 per share) in 2003.

In the fourth quarter of 2005, Tengasco produced record net income of $977,138, on quarterly revenues of $2,250,172. This was achieved primarily from the Company's highest oil production volumes in Kansas in any quarter since 1997 and high levels of commodity pricing in the world oil market. Increased oil production was the result of both the Company's retained interests in new wells drilled in the Company's ongoing eight- and twelve-well drilling programs in Kansas and the polymer workovers on the Company's existing wells in which the Company owns the entire working interest. The Company's total oil production was 139,583 barrels in 2005 compared to 129,216 in 2004 and was the highest annual production total since 1998.

Tengasco reported that its proved reserves of oil and gas at December 31, 2005 were 2,167,833 barrels of oil equivalent (BOE), down ten percent from 2,414,500 BOE at December 31, 2004. However, net of revisions resulting primarily from the sale of 481,000 BOE of proved reserves at its Kansas gas properties in Rush County, Kansas in the first quarter of 2005, the Company added approximately 284,000 BOE of proved reserves primarily from extensions, workovers and additions in 2005, replacing 163 percent of the Company's 2005 production.

Oil comprised approximately 63 percent of the Company's total year-end 2005 proved reserves, and 75 percent of total year-end reserves were attributable to proved developed wells. Proven oil reserves as standalone reserves increased from 1,090,000 barrels in 2004, to 1,374,463 barrels in 2005. This is a 26% increase in proven oil reserves and a 204% replacement of actual oil production in 2005.

Jeffrey R. Bailey, Chief Executive Officer stated: "The year 2005 ended with Tengasco having record profits, record net income, record EBITDA, and record revenues. The Company increased its oil production in 2005 and that, coupled with higher oil prices led to single year record revenue of $7,172,876 which is 17.4% higher than revenues in 2004. Combined with our balance sheet improvements which reduced interest and operating costs, the Company's increased oil production resulted in record net income of $1,088,028 in 2005."

Mr. Bailey continued: "2005 was truly a breakout year as our turnaround strategy paid off with a positive swing in annual net income of over $3 million in 2005 from 2004 levels. Quarterly performances improved sequentially in every quarter of 2005 as we increased production and continued to build a strong foundation for the future. As we operate from a strengthened foundation based on our long-lived reserves, and focus efforts to increase our reserve base, we will transition from a turnaround strategy that has served us well, to a more growth oriented strategy in 2006. We ended calendar 2005 with the last preferred stockholder exchanging his preferred stock for cash, thereby completing the process we began a year before of retiring all of the Company's outstanding preferred stock and secured debt. We now anticipate finishing all drilling programs as quickly as possible in 2006, and growing the Company' reserves and lease acreage positions throughout the coming year."

The statements contained in this release that are not purely historical are forward-looking statements within the meaning of applicable securities laws. Forward-looking statements include statements regarding "expectations," "anticipations," "intentions," "beliefs," or "strategies" regarding the future. Forward-looking statements also include statements regarding revenue, margins, expenses, and earnings analysis for 2006 and thereafter; oil and gas prices; reserve calculation and valuation; exploration activities; development expenditures; costs of regulatory compliance; environmental matters; technological developments; future products or product development; the Company's products and distribution development strategies; potential acquisitions or strategic alliances; and liquidity and anticipated cash needs and availability. The Company's actual results could differ materially from the forward-looking statements.

Contact:
Tengasco, Inc., Knoxville
Jeffrey R. Bailey, 865-675-1554

--------------------------------------------------------------------------------
Source: Tengasco, Inc.

[Terliso]

Back in the radar Again... Smokin' TGC!!

[Ramsburg]

Profile:
Tengasco, Inc. engages in the exploration, production, and transportation of oil and natural gas in Tennessee and Kansas. It also leases producing and nonproducing properties for exploration and development.

This is mainly a technical pick for short term / speculative position trading.
Risk: High

Technical Analysis:

Short Term:
TGC is riding an interesting ride for a while, yesterday TGC broke out of an important psychological / technical level: $1.00. This breakout was made with volume 5 times the average, and taking in consideration this is a highly speculative stock, we can have a good timing opportunity here, since a simple projection of this breakout would be no less than $1.60/$2.00 short term.

Short Term Chart:


Long Term:
TGC made a rounded bottom pattern in the last 2 years; the recent breakout gives room for a great move. Anyway, we are not looking to the long term here.
We may also notice $1.26 as a resistance, and the only obstacle for this trade.

Long Term Chart:


Fundamentals:
TGC is finally posting some good numbers after a long time in the red:
- Tengasco Announces Record Fourth Quarter 2005 and Record Year-End 2005 Results and Reports 2005 Results of Operations

The Earnings Trend is turning positive:


Revenues have also a positive trend:


Trading Plan:
We are going to buy TGC at or near the open, at a maximum price of $1.20, and our stop for this trade will be $0.90.

Best regards,



.

[metro]

Yes this one been nice. I put a measured move on it for a cup and handle at $1.50 - base at 0.38 to break out at 0.94 is 56 = 0.94 + 0.56 = $1.50. That does not mean it cannot go higher but the standard play.

It is good to play these at brake out instead of after or for more risk of course maybe before.

So here is a similar cup and handle pattern also in energy so you see it in advance.

OMNI  http://tinyurl.com/m3mne

It may take some time to set up  as it is extended now but so you have it on your list. You may notice that TGC tried a break and then pulled back to the 9-day - a favorite place to buy..  http://tinyurl.com/lpokq

So watch OMNI so a future set up. I find it much less risk to buy after a lower volume pullback to support as TGC just gained 40% that way.

We have the end of the month buying spree underway so likely the broad market will continue a bit.

If you like to break break outs then one way is to get in at the break or the first pullback after that often happens s couple of minutes after. Just look for stronger then normal volume to lower risk. There are a ton of break out setups now and some will work and some not but just wait for them. Another example is  AIRN  http://tinyurl.com/gqvnk

[Amarens]

Hi Metro,

Good to see you back (must be the only one whom did not say so  )

Little confused with your respons to this play. Do you or do you not like it?

I do like it but ask wether the gap should not be closed first  Or have I always misunderstood that phrase  and should that only take place with a break away gap. Would be very happy if one of you could fill me in.

Thanks in advance,
Amarens

[Maestro]

Bought at the open at 1.15

[metro]

Hi Amarens,

Thanks... yes I do like this one as it has great pattern in good sector. I only said that is is good to watch them a bit before the break out so you can catch a bit more but of corse you cannot catch them all. AIRN though posted here did break out today  but has not run much yet.

Gold and silvers have really been good but somewhat selective though easy to spot decent charts. The sector should be good a long time but short term at leat a month. SOme are gettgn extended as and after todays move. Here is a brief list of some and yo can see they are all up.

http://tinyurl.com/j6p4u

These stocks IMO for shorter term are best bought on pullbacks as gold is in a multi year bull market so the big money is just to hold but for trading sell on big moves and wait for pullbacks. I think you should hold several metal - Palladium like PAL and SWC and Uranium like URIS - copper etc. You miss a lot of big gains if you are not holding these.

[mexirafa]

Wow! Fast sell off in a matter of seconds. It filled the gaps which was expected. I got to place the order at 1.14. . Now let's run!!

[Ramsburg]

Not a completely strange session for TGC today... As stated in our first post:
«We may also notice $1.26 as a resistance, and the only obstacle for this trade.»

TGC opened with a small gap up, and rapidly went up to the $1.26 resistance, after that, a lot of selling pressure took place, giving room to fill the morning gap and even bringing TGC near a dollar. That was the first test to that resistance in two years.

Probably TGC needs a few days to consolidate this breakout before it's ready for the expected jump (or maybe not). Our trading plan will be:
Hold TGC with a stop @ $0.90 and limit sell order @ $1.60

Regards,