Check this out, I have found the perfect trade for today…
PetroTech Oil & Gas, Inc (PTOG)
PTOG has been trading along it’s chart bottom for the past couple of weeks. It has extremely strong support at current levels, getting bought at every dip.
We are very bullish on PTOG, take a look at the multi-day chart and our analysis below.
PTOG undoubtedly has significant multi-week support at $0.08, just below today’s closing of around $0.10. This gives us another great low risk opportunity.
If our primary target of $0.18 is realized (and there is no reason why it cannot be), it would represent an 80% gain over Thursday’s closing price.
And the possibility for gains looks even better when we consider the very big news just released by PTOG…
PetroTech Oil and Gas, Inc (PTOG) enters into a Joint Venture with Pangean Energy on a 16,000 Acre Lease in North Dakota
BEDFORD, Texas, June 13, 2013 /PRNewswire/ — PetroTech Oil and Gas,
Inc. (OTC Pink: PTOG), announced today that PetroTech Oil and Gas Inc.
and Pangean Energy LLC through a joint Venture have entered into a
contract to purchase mineral interests in Leases in North Dakota, Bakken
Shale Formations the leases consist of 16,000 acres under lease, with
an additional 14,000 acres under option.
"The acquisition price
is $28,800,000.00 to be paid through a combination of cash, stock and
interest in the development of the wells; (which have no depth
restrictions and include several other potential zones). The transaction
is subject to final due diligence by the purchaser and legal title
opinions," said Eddie Schilb, president of PetroTech (PTOG).
This appears to be game changing news for PTOG. This is a substantial Joint Venture that has the potential to bring substantial revenues to the Company.
PTOG is an innovative oil and gas company that employs a proprietary Enhanced Oil Recovery (EOR) strategy to derive immediate revenues for existing reserves that have been left in the ground.
Using patented technologies for EOR, the Company identifies opportunities to extract reserves from qualifying oil reservoirs in the United States.
And throughout the US, there are primary depleted oil reservoirs representing billions of barrels of oil that could be explored and extracted using PTOG’s EOR technology.
The deployment of these new and innovative technologies allow PTOG to bring back to production previously producing wells and recognize near term cash flow – which in turn is used to fund the development of additional properties.
And PTOG is well diversified.
They are also a construction and heavy equipment company, giving them the ability to provide services to third party projects for State and Independent Oil Companies such as Work Over, Treating, Installation of production equipment and Plugging of abandoned well.
PTOG targets small and large overlooked oil reservoirs where they have the ability to maximize oil production and recoveries, while minimizing the injection time frame and capital investment.
Based on their own models, PTOG believes the payout on any given project will be between 6 to 12 months, with an IRR exceeding 300% during the initial three year production period.
We think PTOG is poised to deliver significant gains in the near term. With a bottomed out chart, and huge news recently released, a bounce in the pps is a strong possibility.
Click Below to Join Our Social Media Networks
————————————————————————————- DISCLAIMER —————————————————————————————
Never invest in any stock featured on our site or emails unless you can afford
to lose your entire investment.
Full disclaimer can be read at
Pennystockgeneral.com employees are not registered as an Investment Adviser in
any jurisdiction whatsoever.
The disclaimer is to be read and fully understood before using our site, or
joining our email list.
None of the materials or advertisements herein constitute offers or
solicitations to purchase or sell securities of the companies profiled herein
and any decision to invest in any such company or other financial decisions
should not be made based upon the information provide herein. Instead pennystockgeneral.com strongly urges
you conduct a complete and independent investigation of the respective
companies and consideration of all pertinent risks. Pennystockgeneral.com does not offer such advice or analysis, and pennystockgeneral.com further urges
you to consult your own independent tax, business, financial and investment
advisors. Investing in micro-cap and growth securities is highly speculative
and carries and extremely high degree of risk. It is possible that an
investor’s investment may be lost or impaired due to the speculative nature of
the companies profiled.
Any statements that express or involve discussions with respect to predictions,
expectations, beliefs, plans, projections, objectives, goals, assumptions or
future events or performance are not statements of historical fact may be
"forward looking statements". Forward looking statements are based on
expectations, estimates, and projections at the time the statements are made
that involve a number of risks and uncertainties which could cause actual
results or events to differ materially from those presently anticipated.
Forward looking statements in this action may be identified through use of
words such as "projects", "foresee", "expects",
"will", "anticipates", "estimates",
"believes", "understands", or that by statements indicating
certain actions "may", "could", or "might" occur.
Understand there is no guarantee past performance will be indicative of future
In preparing this publication, pennystockgeneral.com
has relied upon information supplied by its customers, and press releases which
it believes to be reliable; however, such reliability cannot be guaranteed.
Investors should not rely on the information contained in this website. Rather,
investors should use the information contained in this website as a starting
point for doing additional independent research on the featured companies. The
advertisements in this website are believed to be reliable, however, pennystockgeneral.com and its owners,
affiliates, subsidiaries, officers, directors, representatives and agents
disclaim any liability as to the completeness or accuracy of the information
contained in any advertisement and for any omissions of materials facts from
such advertisement. Pennystockgeneral.com
is not responsible for any claims made by the companies advertised herein.
receive compensation and its employees and affiliates may own stock that they
have purchased in the open market either prior, during, or after the release of
the companies profile which is an inherent conflict of interest in pennystockgeneral.com statements and
opinions and such statements and opinions cannot be considered independent. Pennystockgeneral.com and its
management may benefit from any increase in the share price of the profiled
companies and hold the right to sell the shares bought at any given time
including shortly after the release of the companies profile. PSG has been compensated two thousand dollars by Cream Consulting for this one day profile of PTOG.
may on occasion accept compensation in free-trading shares for it’s marketing
services of the company being profiled, and the third party that might have
may hold free-trading shares of the company being profiled and could very well
be selling shares of the companies stock at the same time the profile is being
disseminated to potential investors; this should be viewed as a definite
conflict of interest and as such, the reader should take this into
consideration. If Pennystockgeneral.com
ever accepts compensation in the form of free trading shares of the company
being profiled and decides to sell these shares into the public market at any
time before, during, or after the release of the companies profile our
disclaimer will be updated accordingly reflecting the current position of those
free trading shares received as compensation for our services.
/* Style Definitions */
mso-padding-alt:0cm 5.4pt 0cm 5.4pt;
mso-fareast-font-family:"Times New Roman";
mso-bidi-font-family:"Times New Roman";