Reminder, BOPT on Major Bounce Alert this Morning

 

Dear valued subscribers,

 
Today’s pick is…
 
Eco-Trade Corp (BOPT)
 
BOPT closed Friday at around $0.14 and has had a rough past few days, but we think its going to bounce – BIG.
 
Take a look at its chart below. There is not a lot of technical analysis we can apply to BOPT, but we think it is far too oversold right here, and we hear there have been a lot of shorting… This is great news.
 
 
 
Some of the most powerful bounce plays we’ve seen are those when there are lots of shorts. Why? Because they are forced to cover (buy back) their short positions, thereby creating a buying frenzy all at one time.
 
We must stress that BOPT could be a very volatile play. While we think there could very well be a short squeeze, we want to point out that "catching a falling knife" can be a dangerous game.
 
We think there will be a bounce, and a strong one at that, but we cannot guarantee that the selling is over. It is for that reason we urge you to trade cautiously today. Big gains await, but only to those who employ sound risk management principles.
 
Now with that being said, let’s take a closer look at BOPT.
 
BOPT believes that it has positioned itself in the middle of a major new oil play in Continental America, and is looking forward to developing its assets further.
 
And there are several more reasons why BOPT could be a great play:
  • Single-basin strategy with a scalable position

  • Low-risk development opportunities and exploration upside

  • Non-operated business model reduces overhead

  • Experienced management and operations team

  • Substantial production and revenue growth in the near-term

  • Given that the full oil production potential is
    about 100 million barrels of oil at a current refinery buying price of
    $76.25/bbl, the market capitalization could ultimately be $750 million

  • They just announced a Letter of Intent to secure $5 million in financing to advance the development of its property.
 
Company Overview

Eco-Trade Corporation (BOPT) has the rights to the exploration,
drilling and production on a property in Lewis & Clark County in Montana,
near Great Falls totaling over 5,800 acres called the South Bakken Prospect
with an estimated reserve potential of between 80 to 120 millions of barrels of
oil recoverable.
 
The advent of the Alberta Bakken Fairway creates another opportunity for
Bakken production outside of the boundaries of the Williston Basin. The Bakken
Fairway was first discovered and drilled in Alberta, Canada, but now extends
deep into northwest Montana into Lewis & Clark County where it is bordered
by the Rocky Mountain Thrust Zone on the west and the Sweetgrass Arch to the
west.
 
Major oil companies have now made the early move into the Bakken Fairway of
northwest Montana and activity is accelerating rapidly. Rosetta Resources,
Newfield, and Primary are the largest and most active to date. Other companies
in the general vicinity include Stone Energy, Anschutz Exploration Corp.,
Quicksilver Resources Inc., Fairways Offshore Exploration Inc., Arkanova Energy
Corp., FX Energy, Inc. and American Eagle Energy Inc.

According to BMO capital Markets, "While the play is still emerging,
the Alberta Bakken appears to be developing into a potential new unconventional
tight oil resource play."

The Company believes that it has positioned itself in the middle of a major
new oil play in Continental America, and is looking forward to developing its
assets further.

  

Technology

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Eco-Trade plans to use the most effective, efficient and environmentally
sensitive methods available to extract oil from the deposits on its leases.

Hydraulic fracturing, commonly referred to as fracing, is a proven
technology that has been used by the oil and gas industry since the 1940s, and
has become a key element of natural gas development worldwide. It allows
producers to safely recover natural gas from deep shale formations, therefore,
dramatically reducing our reliance on foreign fuel imports and significantly
reducing our national carbon dioxide (CO2) emissions.

Fracing fluid, which is made up of more than 99% water and sand, is pumped
under high pressure into a formation to create small fractures, or fissures.
The sand is used to prop open newly created fractures to allow natural gas to
flow into the wellbore and up to the surface. Typically, the fracing process
only has to be performed once during the lifetime of a well.

 

South Bakken Prospect

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The South Bakken Prospect is located in a prime area of the Bakken Fairway
in Townships 19-20 North and Ranges 5-6-7 West, where the western edge of the
Bakken Fairway plunges into contact with the tectonically heated Thrust Zone
and the resulting thermal maturity of the Bakken offers the highest potential
oil production.
 
Specifically, the prospect lies within the key oil producing
zone where thermal maturity (Ro) is between 0.7% and 1.5%. Oil production
begins when Ro is above 0.65% and slows when Ro is over 1.3%. The Total Oil
Content (T.O.C.) readings in the prospect area are high as well, reading
between 7% and 14%, and water content of the Bakken in the area is low.

There are excellent resistivity readings in the Upper and Lower Bakken
members in key wells in the prospect area. The wells show excellent sections of
the Bakken with resistivity readings over 400 ohms, well in excess of the
minimum 35 ohms needed for possible oil production. The Middle Member of the
Bakken, known as the Sappington Silt, is also well developed, with adequate
porosity (3-15%) and permeability (1-20 md) for oil production.
 

Read more about BOPT on their website http://www.ecotradecorporation.com

 
BOPT Recent News
 
Eco-Trade Corp. Announces Letter of Intent for $5 Million Financing Business Wire (Fri, Apr 12)

Eco-Trade
Corp. (BOPT) Announces Anticipated Receipt of Independent Engineering
Report from Renowned Firm That Has Been Engaged to Provide Reserve
Estimates
Business Wire (Thu, Apr 11)

Eco-Trade Corporation Provides Analyst Insights into Bakken Oil Formation and Comments on Its Oil Prospect in Montana Business Wire (Tue, Apr 9)

Eco-Trade
Corp. (BOPT) Reports That Property is in Emerging Montana Section of
Alberta Bakken Fairway with Neighbors in General Vicinity Including
Rosetta Resources, Primary Petroleum, Stone Energy and FX Energy, Inc.
Business Wire (Fri, Apr 5)

CORRECTING and REPLACING Eco-Trade Corp. Announces Addition of Chris Popoff and Robert M. Price to Board of Directors Business Wire (Mon, Mar 25)

ECO-TRADE CORP. Files SEC form 8-K, Change in Directors or Principal Officers EDGAR Online (Thu, Mar 21)

Eco-Trade
Corp. (BOPT) Reviews Report That Estimates Reserve of between 80 and
120 Million Barrels of Oil at its South Bakken Prospect
Business Wire (Tue, Mar 19)

 

 
We don’t guarantee a bottom has been established, however all things considered, BOPT could make a big move today.

All members should put BOPT on the very top of their watch list and be ready to jump on board when the momo starts.

 
 
The Team
PennyStockGeneral.com
 
 

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