I’ve been hard at work this weekend uncovering what I think is the cheapest oil play in the entire market
Turn your attention to Kabe Exploration, Inc (KABX) today.
Not only is KABX technically a great setup, We also think it has an extraordinary story behind it.
You see KABX isn’t just your ordinary "run of the mill" oil and gas company.
It’s a highly innovative oil and gas exploration and production company, employing cutting edge technologies to ensure the highest efficiency and environmentally sound methods.
And its cheap. Trading at only $0.015, it a ridiculously low $1.8 million market valuation.
You will see what I mean by "cheap" in a moment, but first let me give you some background to KABX.
Based in San Diego, California, Kabe Exploration Inc. is an oil & gas
exploration and development company that acquires mineral rights in
prolific shale plays for production.
The Company is focused on acquiring and developing oil rich properties developing new supplies while utilizing efficient and environmentally friendly technologies.
In addition, KABX is committed to increasing shareholder value by employing a low cost operating model that will increase their bottom line, and are focused on growing by increasing oil reserves through acquisitions.
In fact, the Company has recently announced it has entered into an LOI to form a JV with a prominent Canadian Oil and Gas Company, International Equity Partners Oil & Gas, Inc for the exploration and developement of some 7,300 acres of oil leases in the highly productive Mississippian field of Southern Kansas.
KABX has stated their five year operational plan with this JV is to bring 24 new oil wells into production, with each well estimated to yield 400,000 barrels of oil.
Here is where the cheap part comes in…
400,000 barrels of oil x 24 wells = a potential 9.6 million barrels of oil.
Crude is currently trading around $97.
This means that KABX is potentially sitting on close to ONE BILLION DOLLARS of oil.
And trading at $0.015, KABX is only valued by the market at $1.8 million???
Talk about a bottom floor opportunity!!!
And you know me, I’m big into technical’s as well.
KABX ticks this box too.
As you can see, KABX is trading just above its 52 week low, and it has extremely strong multi-month support right at this level. Every time it hits this level, it has bounce.
In March, it bounced from $0.015 to $0.04 in two days. In May it ran from $0.02 to $0.05 in just two days.
The bottom line is that there is strong support here. A very attractive risk/reward trade is on offer at these levels.
We think KABX could be a multi-day / multi-week (maybe even multi-month) runner off the bottom here. And today is your chance to get in first.
Make sure you do your homework and are watching KABX Monday morning.
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