* PEII * Is this the Beginning of a Much Larger Rally to Come? (Open Now)
StockRunway Newsletter
Good Morning Investors and Traders, VIP Crew: It`s time to put our blinders on and stay front and center focused! Incase you aren`t aware, the hot trade is the oil trade and it`s erupting as we speak! Any oil and gas company that has business in Texas gets my vote and so I am not terribly surprised that the company is expecting 8 – 10 barrels of oil a day from its Knox County, Texas leases.
The translation for you should be simple; this is a ground floor opportunity to get in on something before it pops.
Shares in the company are presently trading below the .003 mark and I believe you won`t find a more accessible entry point for a stock that has hit as much as .13 in the last 12 months.
You better hurry though, liquidity has been improving steadily over the last few sessions and the discount could be wiped out any time now. Start your due diligence ASAP! ► My New Fabulous Friday Alert is:
► Petron Energy II Inc. – Ticker: PEII PEII: Three Powerful Catalysts are:
1. PEII is well positioned from bottom so any entry at these levels will see a potential spike in valuation. As we have seen yesterday, momentum traders have stepped into this trade on valuation and strength within the industry.
2. PEII is quite advanced in its drilling operations in Texas and a favorable news drop could tip undecided traders into buying the stock.
3. PEII`s discounted price means another layer of attractiveness and itself is a huge draw for traders. It`s recent acqusition has added more confidence within the street`s view on management and their ability to execute their goals.
News Flash: Petron Energy II, Inc. Signs Acquisition Agreement to Purchase Garrett Lease in Creek County, OK DALLAS, Texas, June 12, 2014 (GLOBE NEWSWIRE) — via PRWEB – Petron Energy II, Inc. (“Petron II” or the “Company”) (PEII) Petron Energy II signs Acquisition Agreement to purchase Garrett Lease in Creek County, Ok.
Petron Energy II, Inc., together with its subsidiaries, engages in the acquisition and development of properties for the production of crude oil and natural gas, the transportation of natural gas through its pipeline subsidiary and well servicing through its servicing subsidiary. The Company`s operations are based in the United States.
Floyd Smith, President and CEO of Petron Energy II, Inc., states “On June 2, 2014 we signed an acquisition agreement and tendered the initial down payment with Mr. Bill Sperling to purchase the Garrett Lease which has existing wells. One of the key wells we intend to attempt a recompletion is the Garrett #3; the Garrett #3 well has a well developed Mississippi pay zone which we will test for commercial production. Our geologist and a third party petroleum engineer have reviewed the Garrett #3 logs and found them to have all of the key components for oil based on their log analysis and to be very comparable to some of the better producing Mississippi wells which offset our lease.” Smith goes on to say, “The Mississippi pay zone has proven to be a very prolific oil producing zone in the area, vertical completions on area wells have realized initial production rates of 30 — 100 barrels of oil per day.
Read the breaking news release, visit here:
http://clicks.aweber.com/y/ct/l=4k3kt&m=3foGgAnskf976pl&b=qL6.rxHc8yHEL.Gi6CwawQPEII: Anticipates 8-10 Barrels Daily from Knox County, Texas Project – Another Strong Step in the Right Direction PEII gave an update at the end of May on its Knock County, TX and the company confirmed why its growth potential is very strong.
According to the release, PEII has completed all workovers and have submitted all paperwork including our P-5 renewal application to the Railroad Commission (RRC). The RRC currently is reviewing PEII`s application which should be completed very soon and once the company receives final approval it will move immediately to return the Texas wells to commercial production.
The company expects its Texas production should add an additional 8-10 barrels of oil per day immediately. The next major phase of Texas operations for the company will involve the development of the Redder Lease.
Floyd Smith, President and CEO said that, “The Redder lease is the largest of our Texas leases and is the final of three leases we have planned for secondary recovery development in our 2014 CAPEX budget. The projected daily oil production rate once all three leases are online is 150 — 200 barrels of oil per day. These three leases are the primary drivers behind why we have projected Petron II to become profitable this year.” Read the full news source here, please visit:
http://clicks.aweber.com/y/ct/l=4k3kt&m=3foGgAnskf976pl&b=Fjusf1CdGOI9HOA.9nDs6Q PEII: Renewed Momentum Building Now in this Sub Penny End the Week Strong, Keep a Close Eye on this Low-Priced Gem PEII`s chart sure looks like an 800lb. gorilla ready to break out:
Bullish Bottomed Bounce The first technical treat is the entry price for PEII. At less than ..005, the stock is trading below both its 200-day MA and its nearer term partner, the 50-day MA.
Discounted plays like this are extremely attractive and the bounce potential for PEII is simply unbelievable. A strong indicator being the RSI is just 37, stating that a rebound is potentially in the cards.
Volume levels have been spectacular and the last session saw breakout volume of more than 175 million shares – another clear indicator that traders are ready to test PEII`s resistance levels for profits.
Down here at a super low price of just .0003, PEII is just getting started — and the next time any press hits the wire, there is a good chance the chart will continue in the right direction for shareholders participating in the present.
I`m urging members to begin your research immediately, lets be ready for Friday morning.
I believe we could see a great deal of attention over the next few weeks as renewed momentum builds a bullish bottomed bounce chart for traders to potentially capitalize on.
Start your research immediately! The Crew Chief www.StockRunway.com info@StockRunway.com Copyright 2010 StockRunway.com All Rights Reserved. Protected by copyright laws of the United States and international treaties.
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