Hot oil stock
Precision Petroleum Corporation is an independent energy company engaged in the acquisition, exploration, and development of oil and natural gas properties in the United States. Precision’s objective is to seek out and develop opportunities in the oil and natural gas sectors that represent a low-risk opportunity. As well, Precision aims to define larger projects that can be developed with Joint Venture partners. We consider it one of the top oil stocks.
PPTO Closed @ .95 Today Up Another 4%. We are near the critical breakout point of 1.00.
This move past $1.00 is coming and once it does we are going to see a move to the old high of $1.58. We see a stock price of $2.00 to $3.00 based on the expected new flow. This is a huge potential gain for members who choose to enter the stock this coming week.
PPTO has been on an acquisition hunt and is building a solid portfolio of producing properties which are going to gain value as oil rises. PPTO is in Oklahoma and Montana with properties which have huge reserves and a long history of producing solid results.
The average well purchased by PPTO has a 15-year lifespan. PPTO is setting up for the benefit of shareholders on both a short and long term basis.
This world is watching as oil gathers more speed and climbs past $58 dollars this week.
Oil is up 10% this week and up 70% from the low of $34 per barrel set in February.
Analyst sentiment is turning and we have the beginning of a move to the $70 per barrel level.
Big board oils stocks like Exxon are headed higher on the NYSE.
The trend with the big oil stocks always trickles down to the smaller more nimble players in the oil patch.
PPTO is SUPER CHEAP and has the proper business plan , size , and perspective to be successful in this new oil stock rally.
We think PPTO @ .95 will prove to be very cheap as the stock keeps moving to $1.58, then $2.00 and eventually $3.00+. This move will be news driven. We have spoken to management on repeated occasions via conference call. They tell us to expect more acquisition news.
The jet fuel leak that has been slowly creeping off Kirtland Airforce Base, and contaminating Albuquerque’s water supply while it’s at it, is “massive.” So massive that it’s in the Exxon Valdez oil spill category, said Albuquerque Journal science writer John Fleck yesterday in a column. And state officials think it’s a very serious problem.
The numbers are in dispute, Fleck noted, with the air force claiming the spill is between one and two million gallons, but the state environment department claiming it’s an eight-million-gallon spill. By comparison, the Exxon Valdez spilled 11 million gallons of oil in Alaska’s Prince Williams Sound in 1989.
The Kirtland jet fuel leak was discovered in 1999 but the problem began in the 1970s. It was only made public in 2008 when air force officials discovered it had migrated off the base into nearby groundwater. The fuel is sitting on top of groundwater, more than a foot deep in some areas.
Air Force officials downplayed the danger of the spill in 2008, saying that it would be cleaned up before it ever reached a drinking water well. But state environment department officials have a greater sense of urgency apparently.While there are 27 cases of contaminated groundwater in Bernalillo County, nothing comes close to the scale of the Kirtland jet fuel leak, and state officials want it cleaned up, said Fleck:
The urgency with which state regulators view the problem can be seen in an obscure but significant bureaucratic development last month. In an April 2 letter, the Environment Department informed the Air Force that jurisdiction over the fuel spill was being transferred from the state’s Groundwater Quality Bureau to the Hazardous Waste Bureau.
That might sound like boring organization chart stuff, but it has substantive implications. Groundwater regulators had little regulatory muscle to push the Air Force because of restrictions on their ability to tell federal agencies what to do. Not so the Hazardous Waste Bureau, which has broader legal authority to compel federal agencies to act to monitor and clean up spills.
The letter is an attempt to force the Air Force to drill more monitoring wells, to better characterize the extent of the contamination, to get a better handle on what the next steps in cleaning it up need to be.
“We need to know,” Bearzi said in an interview, “and we need to know now.”