Member Info for smidsy

I'm going to look on ebay for an old oil tanker and fill it with cheap oil. Probably make more money that way. Anyone interested in joining me? We could rename the ship the SS Edge

Hope you don't mind but I've posted your article on the sister ship MAGP board.

Great article. My sentiments entirely. We cannot continue as we are and something will be done in the next couple of months as suggested in the interview. As I have posted on two occasions, one this morning and one a couple of days ago, I forecast that the price of oil will rise to a more sensible level that allows the 'World' to continue functioning. Meanwhile Brad has planned for this and will take advantage of the situation. The suggestion in the interview is that the price will start to rise in the next couple of months and when the 'traders' realise that we have a shortage of oil caused by 'Well' shutdowns then we will see prices return to $100 per barrel. Meanwhile for those of us who believe in EDGE and have faith in Brad and the BOD I am confident that the outcome will be very satisfactory. :))

Below is one reason that I believe oil prices will recover. Right now the oil market is totally focused on finding a bottom for oil prices. However, according to OPEC's Secretary-General Abdulla al-Badri we've already hit bottom. Not only that, but he sees a real possibility that oil prices could explode higher to upwards of $200 per barrel in the future. He's far from the only one that sees a return of triple-digit oil prices. Finding a bottom: According to recent comments by the Secretary-General when he was in London, the oil market doesn't need to look for oil prices to bottom as the market has already bottomed. Instead, he offered quite bullish comments by saying, "Now the prices are around $45-$55, and I think maybe they [have] reached the bottom and we [will] see some rebound very soon." Normally that type of remark would be just another layer of noise, but this is coming from OPEC's Secretary-General so it comes with a lot of weight behind it. Related: Apple stock is at a new high -- 3 reasons not to sell That said, he's not saying that OPEC will come in and rescue the oil market by reversing its previous decision to hold steady on production. Instead, he sees the signs that the oil market is self-correcting as oil companies have made deep cuts to spending, which will eventually lead to lower production growth. Further, the rig count in the U.S. is plunging, which is usually a key to a bottom in oil prices. However, in the midst of cutting back as the industry works through the current oversupply the Secretary-General is now warning that the industry is putting future oil supplies at risk by under investing today. Underinvestment leads to a shortage: The Secretary-General said that, "if you don't invest in oil and gas, you will see more than $200" when it comes to future oil prices. While he didn't give a time frame, he did note the correlation between investment and future production.

Looks like the Traders are selling this morning. ie. 21492 shares bought on the 2nd. Feb @ 3.25 sold today @ 4.0p A gain before costs of £161.19p and it looks like others are doing the same. Good luck to all, a profit is a profit.

My view, for what it's worth, is that we can see a recovery, albeit a weak one at the moment, in the oil price. Only time will tell where it will end up. I think it will return to a level just below where it was trading when it was circa $100. My reasoning is that the World had accepted this price for several years and the 'system' was geared into it. A massive drop which we are experiencing is causing untold problems around the world as Oil Companies close their doors or lay their employees off. So any recovery in price is being reflected in the share price rising. The last RNS followed by the email was, in my humble opinion, probably the most important RNS issued by Brad. In the correspondence he gives us an up to date situation with EDGE in which he states that he is fully prepared for the problems that can be encountered by EDGE in the current situation and, indeed, he is preparing to take advantage of it by looking to acquire bankrupt equipment. Anyone taking advantage of the low cost of these shares will eventually reap high dividends. I bought some more this week at 3.8p a price that I think will not be seen again.

Is it time to dust off the CD?

At this rate we will soon be at 5.0p

Three trades so far, all buys at 4.0p and a tick-up to 4.25p. Will we/won't we.

Will we see another 22% rise today? First trade is a buy @ 4.0p It would be nice to finish at 5.0p

On ISDX the Ask is now at 4.0p and London South East is showing 4.0p

Trading in Canada is up 33.33%

I never thought we would be on the risers board so soon. I have bought a bunch of these every month since July last year and today is no exception. Will we see 4.0p cracked today? We could if there are a couple more buyers. Brad's last RNS has given me a lot more confidence in EDGE.

up not ip :)

Belgrano, you were right. Another buy and another tick-ip. Now at 3.75p to buy.

Another two buys and another two increases in SP Don't forget ' it's the early bird that gets the worm'. (what have worms got to do with the price of oil) :))

Yesterday all the trades were buys and today we have had two buys. No sells. BUT the SP creeps up with every other trade. This is typical of EDGE. Only a few shares available. The guys buying now are going to see huge rewards.

Now over $50. Will it hold, price = $50.21

We've found some innovative ways to save over $1 million per year... ...and this link to the news release will provide with all the niceties in a fairly detailed 3-pager. We just completed a water disposal facility that will see our daily water handling costs drop from $2,100/day to $90/day. That facility that will also result in additional cash flow from (i) additional natural gas sales and (ii) full optimization of (increased production rates from) current producing wells. The economics associated with this project are fantastic and are not dependent on the oil price. It's all spelled out in the very detailed press release. With the cost savings initiatives we kicked off in November (we got on it earlier than most), the weaker Canadian dollar, the beneficially lower heavy oil differential, lower G&A expenses, lower operating costs and lower royalties, the company is making positive operating cash flow today, and is expected to continue to do so down to a price equivalent to approximately US$32 WTI per barrel. Anyway, all the details are in the news release and, as usual, I encourage you to call and/or email me if you have any other questions. Cheers, Brad Nichol

The new pipe line is a brilliant piece of engineering. Check it out and digest the importance of this facility. It really is a money-maker. A new concept in manufacture and construction, very low maintenance, long lasting and as time goes on it will generate more and more money at no extra cost. The company has been busy drilling a new well but not for oil but to depose of the unwanted water. No need to spend money on unnecessary road transport to shift the water, it goes straight down the hole back into the ground.