Sunday, January 8, 2012

No News from January 6th - But a homework assignment

Looking through the Friday press releases, there is nothing of interest to report on. I'm spending the time putting the finishing touches on the new "Under the Rocks" report and also will be coming out with the 5th in a series of "Four Horsemen". This North American emerging oil shale play may become a block buster as a company is currently testing a well in 5 different stages. News will be released over the next 4-8 weeks and this stock has already doubled over the past week or so. Another stock traded solely in London that has an interest in this play went up 67% on Friday topping all other stocks. The stock that I'm focusing on however has only 9 million shares outstanding and has 395,000 acres in the play. It is currently worth $2.5 million. The company drilling the well that has doubled and has a market cap of $90 million has only 200,000 net acres. Needless to say, this homework assignment stock will be a 10 bagger if the currently drilled well tests positive for this new oil shale play. Mountainview Energy was a 10 bagger for me and it had under 10 million shares. This one has the same potential. Happy Hunting!

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