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Able Energy Inc (CE)

Able Energy Inc (CE) (ABLE)

0.000001
0.00
( 0.00% )
Updated: 20:00:00

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Key stats and details

Current Price
0.000001
Bid
0.00
Ask
0.00
Volume
-
0.00 Day's Range 0.00
0.000001 52 Week Range 0.0001
Previous Close
0.000001
Open
-
Last Trade
Last Trade Time
-
Average Volume (3m)
30,000
Financial Volume
-
VWAP
-

ABLE Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
4001.0E-61.0E-61.0E-6300001.0E-6CS
12001.0E-61.0E-61.0E-6300001.0E-6CS
26001.0E-60.00011.0E-6174264.092E-5CS
52001.0E-60.00011.0E-6173451.819E-5CS
156-0.010999-99.99090909090.0110.021.0E-6251170.00461266CS
260-9.9E-5-990.00010.21.0E-6246460.02119887CS

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ABLE Discussion

View Posts
ernie44 ernie44 10 years ago
IT BIT THE DUST

by being a dumazz co
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Renee Renee 10 years ago
ABLE SEC Suspension:

http://www.sec.gov/litigation/suspensions/2014/34-71465.pdf

Order:

http://www.sec.gov/litigation/suspensions/2014/34-71465-o.pdf
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Tyler9 Tyler9 12 years ago
Is this still a company? I cannot find any info on it? Can you help me out at all? thanks!
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BoogieBNoodle BoogieBNoodle 12 years ago
Well E*. I was thinkin about you saying weeeeeeeeeeeee....upward and onward friend. unreal how lightning strikes! Going to watch back to the future now... I need to the flux capacitor!!!!
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ErnieBilco ErnieBilco 12 years ago
Well, at least the boardmarks doubled today, so there are a couple people now looking to see what ABLE may do next.
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ErnieBilco ErnieBilco 12 years ago
Simply amazing, 2700% and nobody posting a word. Guess they're busy helping other tickers dilute the old and new bagholders.

JMO
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ErnieBilco ErnieBilco 12 years ago
Here is a 2012 post.

What???? Thats it.
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SuperC SuperC 13 years ago
Not yet, volume shut off, no financials, could have be MM induced... I'll watch for more volume if it happens.

sc
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OilStockReport OilStockReport 13 years ago
Any luck? I haven't had any.
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SuperC SuperC 13 years ago
First time I spotted this one, will DD this week and into the weekend.

Post here if I find anything
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OilStockReport OilStockReport 13 years ago
I haven't been watching this one lately. I am not having much luck finding any information on them lately. Have you had any luck?
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SuperC SuperC 13 years ago
TurnKey, ABLE .03 now , what's up?
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OilStockReport OilStockReport 14 years ago
That is just not right all those people getting denied their hit because the company can't deliver. Unreal I hope another company swooped up that customer base.
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OilStockReport OilStockReport 14 years ago
I am doing some DD any news or links available out there that you are aware of?
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Keystoner Keystoner 14 years ago
Morris County, Real-Time News, Sussex County »
Rockaway fuel oil company Able Energy leaves N.J. customers fuming
By Dan Goldberg/For The Star-Ledger
February 17, 2010, 6:15AM

Fuel oil trucks are parked at Able's headquarters in Rockaway
Morris and Sussex residents are reporting that Able Energy, a residential and commercial oil service company, has stopped making its regular deliveries of home-heating oil, leaving many customers clamoring for answers.

Some have received as little as five gallons -- enough for about one day -- after repeated calls to Able. Others have not been so fortunate.

โ€œWe canโ€™t get a hold of anyone,โ€ said Betty Pearson, an Andover resident. โ€œMy husband and I are in our 70โ€™s. We donโ€™t need this extra worry.โ€

As of 2008, Able served approximately 16,000 customers in New Jersey, primarily in Morris and Sussex County. The Rockaway-based company served an additional 13,000 customers in New York and Pennsylvania, according to a report filed with the Securities and Exchange Commission.

Like others who have tried in vain to contact Able, the Pearsons turned to another oil company to provide them with a relatively quick fix.

โ€œWe were desperate,โ€ Pearson said.

It has been a boon to surrounding businesses as several oil companies are now competing for former Able customers.

โ€œThere are a lot of oil dealers in the northwest part of the state who have picked up business because of Ableโ€™s inability to deliver to its customers,โ€ said Eric DeGesero, executive director of the Fuel Merchants Association of New Jersey, an industry trade group, of which Able is not a member.

โ€œItโ€™s almost like a feeding frenzy right now,โ€ said Charles Brand, President of Hart & Iliff, based in Newton.

Mark Fredericks, president of Fredericks Oil in Oak Ridge, said for the past two weeks he has been receiving approximately seven to 10 calls a day from Able customers like Rick Green who are as desperate for oil as they are angry at Able.

Green, who said he had been an Able customer for almost 20 years, never had a problem with service until this winter.

He said he would like to tell Able he is leaving but has not been able to speak with anyone directly, despite repeated attempts.

โ€œIf I could notify them that I severed my relationship, I would,โ€ Green said, โ€œbut they wonโ€™t even answer the phone.โ€

At their office in Rockaway Tuesday morning, administrative staff could be heard on the phone apologizing to customers.

Neither Able CEO Gregory Frost nor company President Louis Aponte responded to calls seeking comment and customers said they have received no official explanation as to why their service stopped.

Able had incurred losses of approximately $12.9 million and $6.6 million during the years that ended June 30, 2008 and 2007, respectively, according to its most recent annual report filed with the SEC.

Able Energy suspended its obligation to file with the SEC in February 2009.

Last December, a group of minority shareholders, led by former owner Tim Harrington, attempted to oust the companyโ€™s board of directors.

Harrington, who sold the company in 2004, said shareholders were unhappy with the performance of current management after it โ€œorchestrated a questionable merger with All American Plazas,โ€ a truck stop company, โ€œsold valuable assets, and became the subject of an SEC inquiry,โ€

The effort failed because Harrington did not have enough shareholder votes.

Jeff Fricchione, a Sparta resident and former Able customer who ran out of oil last week, said he is out hundreds of dollars for the up-front payments he made to Able.

DeGesero said he wasnโ€™t sure to whom customers like Fricchione could file their complaint.

โ€œTo the best of my knowledge, itโ€™s never happened,โ€ DeGesero said. โ€œMost oil companies have been operating for generations and have always been on the honor system.โ€

Pearson said she and her husband plan to send an angry letter to Able executives.

โ€œThey should at least have the respect or decency to contact their customers and let them know theyโ€™re having a problem.โ€
Related coverage:

โ€ข Shareholders for Rockaway heating-oil firm concede not having enough votes for takeover

โ€ข Shareholders fight for control of Rockaway home-heating oil firm Able Energy

โ€ข Former officials at Rockaway home-heating oil firm file wrongful termination suit
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alien42 alien42 14 years ago
ABLE bounced off a new 52 week low, what next?



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nature boy nature boy 15 years ago
hey go look up that information u be shock what u read
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In4Luck In4Luck 15 years ago
Cool.....
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nature boy nature boy 15 years ago
i wonder if mat from i hub have something to do with with stock, go to ripoff.com type this investor hub in there read the issue. it sound like another bernard maddoff kind of company
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In4Luck In4Luck 15 years ago
Some manipulation I think. Website was under construction (All American Plazas) last time I looked. I'm thinking that it's tied in with EVFL since T. Harrington is there... I'm still exploring the poss. here...lol
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nature boy nature boy 15 years ago
something is wrong here
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In4Luck In4Luck 15 years ago
Don't seem right.....
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nature boy nature boy 15 years ago
wow one day its 20 next day 29 on 200 shatrs
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In4Luck In4Luck 15 years ago
We got action, anyone home? ? ?
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temp luvs amy temp luvs amy 15 years ago
Anybody home?
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samjoe samjoe 18 years ago
what's been such a drastic change to warrant a $22 swing?
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Golden Cross Golden Cross 18 years ago
Able Energy Executives Subpoenaed
Monday September 11, 6:26 pm ET
Able Energy Officers, Directors Receive Subpoenas As SEC Begins Formal Stock Options Probe


NEW YORK (AP) -- Able Energy Inc. said Monday certain officers and directors were subpoenaed to provide documents to the Securities and Exchange Commission, which has begun a formal investigation into the fuel distributor's historical stock option practices.
The SEC launched an informal inquiry into the company's stock option grants in August 2005, Able Energy said.

Rockaway, N.J.-based Able said it "believes that it did not violate any securities laws and intends to cooperate fully with and assist the commission in its inquiry." More than 125 companies are under probe by federal regulators, or are voluntarily reviewing, their past stock option practices.

The company's Nasdaq-listed shares closed down 8 cents to $5.25, then shed 24 cents, or 4.6 percent, in aftermarket activity to $5.01.
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Golden Cross Golden Cross 18 years ago
this could be your answer?
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Golden Cross Golden Cross 18 years ago
I don't think it was overhyped
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Golden Cross Golden Cross 18 years ago
Able Energy Forms Biodiesel Venture
Tuesday August 15, 5:47 pm ET
Able Energy Agrees to Biodiesel Joint Venture With Privately Held Company, Shares Soar


ROCKAWAY, N.J. (AP) -- Able Energy Inc., a retail distributor of home heating oil and diesel fuel, on Tuesday said it has formed a joint venture with a privately held company to produce and distribute biodiesel.
ADVERTISEMENT


Under the deal, Able Energy and partner BioEnergy of America Inc. will each hold a 50 percent stake in USA Biodiesel LLC, the joint venture company. Biodiesel is made from vegetable oils and most often used as a blend with traditional diesel.

The companies plan to produce and distribute biodiesel through plants built at truck stop plazas, home heating depots and other areas where petroleum products are stored. Able Energy will construct and own the plants, using BioEnergy's designs and technologies.

Each plant is expected to produce about 15 million gallons of biodiesel fuel annually.

In a statement, Able Energy Chairman and Chief Executive Gregory D. Frost said the company is "committed to becoming a dominant player in the manufacture and distribution of this important alternative energy product."

Shares of Able Energy rose 53 cents, or 9.3 percent, in aftermarket activity to $6.25 on the INET electronic exchange. The stock lost 4 cents to close earlier at $5.72 on the Nasdaq.
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samjoe samjoe 18 years ago
what is going on with this stock, was it overhyped or is it undervalued?
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Golden Cross Golden Cross 18 years ago
Able Energy Subsidiary, PriceEnergy Expands Relationship with BJ's Wholesale Club
Wednesday May 31, 4:33 pm ET


ROCKAWAY, N.J.--(BUSINESS WIRE)--May 31, 2006--Able Energy announced today that its e-commerce subsidiary, PriceEnergy and BJ's Wholesale Club have extended their contract to provide home heating oil and related services to BJ's members throughout the Northeast U.S. This industry-leading program was started in 2002 and has grown to over 70 BJ's locations in 8 northeastern states. This agreement extension now paves the way to expand the program to over 100 BJ's locations in the Northeast.
ADVERTISEMENT


"We look forward to our continued relationship with BJ's and are excited about the economic potential of this agreement," stated Gregory Frost, Chairman and CEO of Able Energy. "Our new agreement provides the incentive for us to aggressively expand the number of BJ's members we serve while also adding new products and services to the program. This agreement is consistent with our commitment to growing both revenue and profitability in all of our operating subsidiaries."

PriceEnergy operates a fully automated, internet based home heating oil ordering system, complimented by a network of fuel distributors, making PriceEnergy uniquely qualified to provide services to BJ's and other similar channel partners. BJ's Wholesale Club has grown to become the leading warehouse chain in the eastern Unitied States.

Able is a holding company for five operating subsidiaries, which are engaged in the retail distribution of, and the provision of services relating to, home heating oil, diesel fuel, and kerosene. In addition, Able provides complete HVAC installation and repair.

Able's common stock is traded on the NASDAQ Capital Market under the symbol "ABLE" and on the Boston Stock Exchange under the symbol "AEI".

This announcement includes forward-looking statements based on current expectations. Actual results may differ materially. These forward-looking statements involve a number of risks and uncertainties including, but not limited to, the closing of future financing rounds, the possibility of continuing operating losses, the ability to adapt to rapid technological change, the receipt and fulfillment of new orders for current products, the timely introduction and market acceptance of new products and the ability to establish and maintain strategic partner relationships.



Contact:
Able Energy
Christopher P. Westad, 973-625-1012

--------------------------------------------------------------------------------
Source: Able Energy
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Golden Cross Golden Cross 18 years ago
Able Energy Reports Results for the Quarter Ended March 31, 2006
Monday May 15, 6:35 pm ET


ROCKAWAY, N.J.--(BUSINESS WIRE)--May 15, 2006--Able Energy, Inc. ("Able") today announced financial results for the third quarter ended March 31, 2006. Net sales for the three months were $26.3 million compared to $23.7 million in the comparable period in the prior year. Net loss for the three months was $(1.5) million or $(0.52) per common share (basic and diluted) compared to net income of $569,000 or $0.28 per common share (basic and diluted) in the previous year. Net sales for the nine months were $61.7 million compared to $50.9 million in the comparable period in the prior year. Net loss for the nine months was $(4.8) million or $(1.76) per common share (basic and diluted) compared to $(250,000) or $(0.12) per common share (basic and diluted) in the previous year.
Net loss for the quarter and the nine months ended March 31, 2006 were substantially impacted by one-time charges of approximately $1 million and $2.4 million, respectively, for non cash charges related to the amortization of debt discount for conversion rights of the convertible debentures sold in July 2005 and the value of warrants issued in connection with the convertible debentures and conversion of a note payable.

Selected Financial Data

Three Months Ended Nine Months Ended
March 31, March 31,
------------------------- -------------------------
2006 2005 2006 2005
------------ ------------ ------------ ------------

Net sales $26,265,365 $23,668,771 $61,736,954 $50,878,714
(Loss) income from
operations (478,508) 630,982 (1,812,990) (114,656)
Net (Loss) Income (1,521,016) 569,461 (4,763,555) (249,557)
Basic and diluted
(loss) income per
common share (.52) .28 (1.76) (.12)


March 31, June 30,
--------------------------
2006 2005
------------ -------------

Cash $1,605,404 $1,754,318
Current Assets 9,035,220 6,297,647
Current
Liabilities 6,761,965 6,697,369
Total Assets 15,523,171 12,821,900
Long-Term
Liabilities 3,927,360 4,066,416
Total
Stockholders'
Equity 4,833,846 2,058,115

Commenting on these results, Gregory D. Frost, Able's Chief Executive Officer, stated, "Although the Company's revenues increased substantially during this quarter, we were unable to realize our projected profit margins due to record warm temperatures which significantly affected our home heating oil deliveries. Certain additional selling, general and administrative expenses for professional fees related to the Company's proposed purchase of All American Plazas, Inc. were recorded in the period. The All American acquisition, when completed, should allow the Company to diversify its business to allow for consistent year round revenues and a substantial increase of our revenues. While we have experienced a difficult quarter, our financial base remains strong as evidenced by the growth of our stockholders' equity as a result of the conversion of convertible debentures and exercise of options and warrants and we remain excited about our future which includes the marketing introduction of environmentally friendly, home grown, bio-diesel and bio-heat." Frost concluded, "Our anticipated financial resources present the opportunity for us to actively participate in the expected consolidation within our industry."

Able is a holding company for five operating subsidiaries, which are engaged in the retail distribution of, and the provision of services relating to, home heating oil, diesel fuel, and kerosene. In addition, Able provides complete HVAC installation and repair.

Able's common stock is traded on the NASDAQ Capital Market under the symbol "ABLE" and on the Boston Stock Exchange under the symbol "AEI".

This announcement includes forward-looking statements based on current expectations. Actual results may differ materially. These forward-looking statements involve a number of risks and uncertainties including, but not limited to, the closing of future financing rounds, the possibility of continuing operating losses, the ability to adapt to rapid technological change, the receipt and fulfillment of new orders for current products, the timely introduction and market acceptance of new products and the ability to establish and maintain strategic partner relationships.



Contact:
Able Energy, Inc.
Christopher P. Westad, President, 973-625-1012

--------------------------------------------------------------------------------
Source: Able Energy, Inc.
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Golden Cross Golden Cross 18 years ago
ABLE: Able Energy Announces $65 Million Senior Notes Offering
Friday March 24, 5:52 pm ET


ROCKAWAY, N.J.--(BUSINESS WIRE)--March 24, 2006--Able Energy, Inc. (NASDAQ CAPITAL MARKET: ABLE) ("Able" or the "Company") today announced that it is offering up to $65.0 million five-year senior notes with an 8% annual coupon (the "Notes"). The offering is expected to be closed by early April. The Notes will be secured by real property and improvements underlying eleven truck stop plazas, which have an aggregate appraised value in excess of $80 million. The coupon payments will be made quarterly in arrears and will be funded from lease payments Able receives from All American Plazas, Inc., the operator of the truck stop facilities. The Notes will be convertible into shares of Able's common stock at the market price on the 10th day after the closing of the offering. The Company has agreed to file a proxy statement and a registration statement registering the Notes and underlying shares into which they are convertible within ninety days of the closing of the offering.
ADVERTISEMENT


The net proceeds from the offering will be used by the Company to acquire the real property of All American Plazas, Inc. by satisfying all encumbrances on the property and for general corporate purposes, including the completion of certain acquisitions to continue the planned growth and development of the Company.


This notice is being issued pursuant to and in accordance with Rule 135c under the Securities Act of 1933, as amended.

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