RAM Energy Resources, Inc. (NASDAQ: RAME) Company announced its preliminary 2011 non-acquisition capital budget totaling $35 mln. Approximately $18 mln or 51% of the 2011 budget targets development and exploitation drilling along with recompletions from the company's mature and developing fields aimed at offsetting natural declines and increasing production in the near term.
Stock has formed a cup and handle if it tops $1.85. Recently the 50-day MA $1.77 has crossed over 200-day MA of $1.75, not to mention that the MACD oscillator has shown the same bullish crossover with 12, 26, 9 parameters. Stock has lost its momentum by losing 2.84% to settle at $1.71.
RAM Energy Resources, Inc. is an independent oil and natural gas company engaged in the acquisition, development, exploitation, exploration and production of oil and natural gas properties, primarily in Texas, Louisiana and Oklahoma. The wholly owned subsidiaries of the Company include RAM Energy Inc. and RAM Operating Company, Inc. As of December 31, 2009, the estimated net proved reserves were 33.9 million barrels of oil equivalent (MMBoe), of which approximately 41% were crude oil, 44% were natural gas, and 15% were natural gas liquids (NGLs).
Converted Organics Inc. (NASDAQ: COIN) Company reported sales increases for both full year and fourth quarter of its natural, organic fertilizer products produced out of its Gonzales, California facility. Converted Organics of California, reached full year 2010 sales of $3 mln, a 43% increase over same-period 2009 sales. In the 4th quarter of 2010, co. had sales totaling $510,000, a 52% increase over same-period 2009 sales. Sales out of the Company's California facility represent 78% of total sales and 100% of total sales in the fourth quarter 2010.
Interestingly enough, the stock has been clinging to its 50-day moving average even after shooting up to $0.52 in the past few weeks. Historically, it has a tendency of falling below it and then rising back up again as the MA is trying to decrease in standard deviation. Stock gained 4% so far, but from the technicals standpoint, it could go either way: build up from its current 50-day MA of $0.38 or fall through it.
Converted Organics Inc. operates processing facilities that use food waste and other raw materials to manufacture all-natural fertilizer and soil amendment products combining nutritional and disease suppression characteristics. In addition to its sales in the agribusiness market, it sells and distributes its products in the turf management and retail markets. Operations at the Woodbridge facility processes solid waste and are producing both liquid and dry fertilizer and soil improvement products.
BSD Medical Corp. (NASDAQ: BSDM) Company announced the successful treatment of four cancer patients at prestigious hospitals in Italy using BSD's innovative new MicroThermX Microwave Ablation System. The treatments were conducted within a four-day period and were attended by numerous key Italian physicians.
BSDM is a company you want to watch as it's attempting to break out from its 50-day moving average. The 900K volume is twice as its normal average of 461K. Normally if the volume is light, the break outs lose steam, but this one seems to have the momentum necessary to reach new highs.
BSD Medical Corporation (BSD) develops, manufactures, markets and services medical systems that deliver radio frequency (RF) or microwave energy into diseased sites of the body, heating them to specified temperatures as required for a range of medical therapies. Its business objectives are to commercialize products for the treatment of cancer and to expand its products to treat other diseases and medical conditions. Its product line for cancer therapy offers hospitals and clinics a solution for thermal treatment of cancer using microwave/RF systems.
Republic Airways Holdings Inc. (NASDAQ: RJET) Company announced that it generated 1.5 billion revenue passenger miles, a 1% decrease from the same month last year, while available seat miles decreased by 5%. Block hours were 78,886 in January 2011, a 6% decline from January 2010. Over 2.2 million passengers were carried during the month, unchanged from the same month last year. Frontier Airlines, a subsidiary of RJET, increased 4% to 907 million revenue passenger miles while capacity was down 4% to 1.21 billion available seat miles. Frontier Airlines served 1.0 million passengers in January, a 3% increase from January 2010. Frontier achieved its eleventh consecutive record monthly load factor this month. January's load factor was 75% compared to 70% in the same month last year.
This stock might show a bearish crossover of the averages if the stock pps remains below $6.40 for a longer period of time. Price was almost unchanged at the open, but took a slight loss at 0.3% at the end, settling at $6.43 with a moderate volume of 275K shares.
Republic Airways Holdings Inc. offers scheduled passenger services through its wholly owned operating subsidiaries: Chautauqua Airlines, Inc., Shuttle America Corporation, Republic Airline Inc., Frontier Airlines, Inc., and Lynx Airlines, Inc. (Lynx). As of December 31, 2009, the Company's operating subsidiaries offered scheduled passenger service on approximately 1,600 flights daily to 121 cities in 44 states, Canada, Mexico, and Costa Rica under branded operations as Frontier and Midwest, and through fixed-fee code-share agreements with AMR Corp., the parent of American Airlines, Inc. (American), Continental Airlines, Inc. (Continental), Delta Air Lines, Inc. (Delta), United Air Lines, Inc. (United), and US Airways, Inc. (US Airways).
The truck freight market may be stabilizing, but YRC Worldwide Inc. (NASDAQ: YRCW) is still expected to show lower revenue and continued losses when it releases its fourth-quarter performance numbers Friday morning. Analysts predict that the company will report a loss of $1.37 a share for the three months ending Dec. 31. By comparison, YRC reported earning $119.5 million, or $1.64 a share, during the same period of 2009. However, that profit included $193.9 million in one-time gains from an equity-for-debt swap. Revenue is expected to sink more than 5 percent from a year ago to $1.07 billion.
Suprisingly, company stock has been on an uptrend even throughout the Egypt oil price surge. Stock broke its 50-day resistance and followed an uptrend from $3.63 to $4.39 in the past few weeks. Today stock rose 4.03% with a strong volume of 2.5 million shares. Not bad for this trucking fleet.
YRC Worldwide Inc. is a holding company. YRC Worldwide, through wholly owned operating subsidiaries offers its customers a range of transportation services. These services include global, national and regional transportation, as well as logistics.
OTCPicks.com is not a registered investment advisers or broker/dealer. OTCPicks.com makes no recommendation that the purchase of securities of companies profiled in this website is suitable or advisable for any person or that an investment such securities will be profitable. In general, given the nature of the companies profiled and the lack of an active trading market their securities, investing in such securities is highly speculative and carries a high degree of risk. Always do you own homework before investing in any stock.
Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.
Disclosure: OTCpicks.com has not been compensated for any stocks listed in this stock news report
