Remember, *BERI* is on high alert today. Do not miss it.
DamnGood PennyPicks Newsletter
BERI is my new pick
Good Morning Traders!
Oil and gas has produced so many winners that I feel compelled to alert you at least once per month on a trading idea. April is near its end but I have managed to find a gem that I think you’ll like – actually, I know you’ll like it.
BERI is coming off what management has dubbed its “NASDAQ Initiative.” This is how they described it in a recent release:
“The Blue Earth NASDAQ Initiative is a plan of action that consists of engaging our existing oil leases to their absolute maximum while finalizing several other acquisitions of proven profitable drilling areas that are already in the process of being merged into Blue Earth Resources, Inc.”
Along with this, is the company`s planned application for a NASDAQ listing.
Back to oil and gas. The comapny`s Mansfield Spider lease consists of 1000 acres with currently 13 oil and gas wells and a salt water well on the property. When running full throttle Mansfield is delivering gross revenues of more than $3.7 million.
Naturally this set of potentially lucrative fundamentals has fed right into the trading profile of BERI. You have a golden opportunity because the 12-month high for this monster is $3.80.
Right now you can get a piece of its gain potential for less than $1 and trust me, that is a ridiculously hefty discount.
This is a solid top-tier high flyer folks and I doubt it will be available this cheap for long. We are talking after all, a company that increased its cash flows 1175% based on its last quarterly report. The same company that is set to make a big push back to its monstrous 12-month high.
Get your due diligence going immediately here.
Investor Highlights
BERI has solid short term momentum and 5-day MA is up 31%.
BERI’s growth potential is strong courtesy of Louisiana`s massive oil boom. The Tuscaloosa Marine Shale alone holds from 7 billion to 9 billion barrels of oil spanning a large portion of Louisiana.
BERI has more than proven its strength in the last 12 months, trading as high as $3.80. The play is perfectly poised for a run back to those levels.
BERI’s RSI is a very strong 49 and recent volume has been monstrous, rising 596% on its 3-month average.
BERI’s 5-day trading profile includes 3 back-to-back rallies, the highest being a 25% belter on the back of relatively light volume. This is the marker Wall Street is using to gauge gain potential and so far all roads look to be heading to a potential breakout.
About BERI
BERI, Blue Earth Resources, Inc., through its subsidiary, PetroResources, Inc., engages in the acquisition and asset management of royalty and override royalty interests, and/or non-operating working interests in producing oil and gas properties in the United States.
BERI holds minority interests in approximately 370 wells located in 15 states, including Texas, Oklahoma, New Mexico, Louisiana, Montana, Ohio, Mississippi, Kansas, Michigan, Wyoming, California, Illinois, Colorado, Alabama, and Arkansas.
BERI is based in Burnsville, Minnesota.
Louisiana Reaping Massively from Greater US Oil and Shale Gas Boom
The U.S. oil boom has put European refineries out of business and undercut West African crude suppliers. Now domestic drillers threaten to roil Asian markets and challenge producers in the Middle East and South America.
Fifteen European refineries have closed in the past five years, with a 16th due to shut this year, the International Energy Agency said, as the U.S. went from depending on fuel from Europe to being a major exporter to the region.
Nigeria, which used to send the equivalent of a dozen supertankers of crude a month to the U.S., now ships fewer than three, according to the U.S. Energy Information Administration. And cheap oil from the Rocky Mountains, where output has grown 31 percent since 2011, will soon allow West Coast companies to cut back on imports of pricier grades from Saudi Arabia and Venezuela that they process for customers in Asia, the world’s fastest-growing market.
US shale: 2013 oil boom was biggest ever, federal data show
“I don’t really think anyone saw this coming,” said Steve Sawyer, an analyst with FACTS Global Energyin London. “The U.S. shale boom happened much faster than people thought. We’re in the middle of a new game. There’s nothing in the past that predicts what the future will be.”
Advances in extracting oil from shale rock drove a 39 percent jump in U.S. production since 2011, the steepest rise in history, and will boost output to a 28-year high this year, according to the EIA. While drilling in shale is more expensive than other methods and poses environmental challenges, the prospect of a growing supply is encouraging analysts to predict a more energy-independent nation..
With U.S. exports of gasoline and other refined products hitting a record last month and the country on pace to become the world’s largest oil producer by 2015, five years faster than the IEA’s earlier predictions, industry advocates such as Senator Lisa Murkowski of Alaska are calling for an end to 39-year-old restrictions on U.S. crude exports.
Recent Developments
Blue Earth Resources, Inc. Announces Production Update
INVER GROVE HEIGHTS, MN–(Marketwired – Apr 28, 2014) – Mr. John Lai, President of Blue Earth Resources, Inc. (BERI), is pleased to announce Mr. Jon Sartor has taken over the field operation of their Mansfield lease.
Mr. Sartor has been in oil business for over 50 years.. He is one of the premier driller and operators in the Caddo Pine Island field. His knowledge in oil and gas production is one of the best in the area. With Mr. Sartor`s knowledge and experience Mr. Lai is confident that BERI can bring the Mansfield lease back in production of both oil and gas. When the Mansfield lease was producing efficiently it was doing over $3,700,000 a year in gross revenue.
The Mansfield lease is comprised of approximately 1,000 acres and has 13 oil and gas wells with one salt water disposal well. BERI has the minerals depth from the surface down to 4,700 ft. Mr. Lai is anticipating to have the Hunter Mannies # 2, 4, & 7 on pump before the end of this week.
In addition, the goal is to get the Hunter Mannies #1 also back on pumping in the very near future. With these four wells back in production Mr. Lai is looking for an increase in the current production by an additional 12 barrels a day.
Momentum is strong right now so what better time for you to capitalize
==========
BERI has solid fundamentals and is trading at a steep discount so there’s absently no reason you should let its gain potential escape you.
And here’s a final takeaway for you (consider it my friendly nudge):
The Obama administration is looking to step up pressure on Vladimir Putin, a move that will certainly send prices soaring. The implications of these price hikes could be HUGE.
See you on the other side of profits.
Your Friend,
Jeff “The Mirkinator” Mirkin
info@damngoodpennypicks.com
I Answer All Email
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