Posted On: 12/14/2015 1:08:15 AM
Post# of 2561
RGFR Daily Chart ~ A New Position into the Oil and Gas Patch
A few of us began accumulating in November. RGFR is an emerging oil and gas company involved in the acquisition of existing wells and in the business of acquiring additional promising properties. The stock is extremely thinly traded, when traded, with plenty of upside once oil prices reverse. In the meantime, the company is seeking funding for the acquisition for additional existing wells and property for exploration. Currently trading at $1.50, the upside looks strong after numerous discussions with management. RGFR is a longer term hold for me, meaning 6-12 months as material events occur.
A few of us began accumulating in November. RGFR is an emerging oil and gas company involved in the acquisition of existing wells and in the business of acquiring additional promising properties. The stock is extremely thinly traded, when traded, with plenty of upside once oil prices reverse. In the meantime, the company is seeking funding for the acquisition for additional existing wells and property for exploration. Currently trading at $1.50, the upside looks strong after numerous discussions with management. RGFR is a longer term hold for me, meaning 6-12 months as material events occur.
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