As we noted earlier, FNRC is our new MONSTER pick.
We told you a lot about the potential MASSIVE payday; we’re sure you’ve done your research by now and have seen all the excitement flying around the message boards.
But as promised here are the facts to prove our hypothesis that FNRC is set for huge returns tomorrow :
· The 12-month high of $0.55 represents a huge opportunity for traders to profit because market valuation is now just 0.0032 cents - a discount of more than 17,000%!
· FNRC has rallied 220% since October 11 , sending a flood of traders scrambling for shares
· The 14-day RSI is 66 with a trend line showing more neutral consolidation on the horizon. This means more and more bullish traders will be making a move on FNRC
· Average volume is a whopping 1.2M SHARES , indicating that FNRC is no lightweight
· 20-day MA is up 33% whilst the 50-day MA is up a massive 77%!
Now check out our full report on FNRC below:
Our Newest Multi-Billion Dollar US Energy Stock:
1st NRG Corp. (OTCMKTS: FNRC)
The company has 36 wells now in production, with 6 more coming online before long.
The stock suffered a dramatic cratering implosion in October of 2012, when common stock was diluted with the conversion of new financing capital in the form of preferred units. This is very similar to a few plays you have seen us bring up for very successful alerts.
The company has provisioned capital for the purpose of providing support and liquidity to the common equity share market. And we think that with production on the rise, along with the price of the primary produced commodity, and the company solvent, liquid, and willing to spend on share price support, now is the time to make our move.
We believe this set up has the potential to generate a substantial return, and we would love to know you have taken a moment to consider it for your own interests.
So, if you have a moment, take a sec and scan over the research report below. If you “see” what we do, then be ready to catch this early on Monday morning once the music starts.
Symbol: FNRC
Company : 1st NRG Corp.
As you are no doubt aware, one of the most important pillars of the post 2008-crash recovery for the US economy is the emergence of a true path toward energy independence for the United States. And one of the most important pillars of that is the ability to derive and utilize stores of fossil fuel in shale formations in the northern Midwest.
In many cases, this is about coal beds, and the methane gases that can found there.
FNRC is an operator in that space with significant interests in Wyoming, and a plan pursuing new acquisitions in the region. In terms of current interests, FNRC is overseeing proven reserves of nearly 2 trillion cubic feet, with another 3 trillion cubic feet possible.
The company is already engaged and producing, now that last year’s financing issues appear to be behind them, following the influx of capital converted in October.
Investors checking out this stock might not see the path to and from here for this company.
But it is something we are familiar with, and we see it as an opportunity in most cases.
The company’s financial needs resulted in a major dilution of common stockholders last year. That leaves essentially a trauma on the charts. However, the silver lining here is that the company, in a recent corporate update, stated that they plan to mobilize some of that capital for supporting the price, value, and liquidity of the common share market for its equity.
That’s essentially like a buyback announcement.
Given that the stock has been left for dead at this point, we see an easy play here for a pop back into the land of the living. The move has already started, as the stock has nearly doubled in the past few sessions. But we see a lot of likely real estate above.
About FNRC
FNRC (1st NRG Corp.), an independent energy company, engages in the exploration, development, and production of natural gas properties in the United States.
FNRC holds interests in the Clabaugh Ranch Field, comprising 42 coal bed methane wells covering an area of 6,025 gross acres located in the Powder River Basin in northeast Wyoming.
FNRC also explores for oil, natural gas, and natural gas liquids in the Niobrara Shale that covers an area of 1,370 acres located in western Nebraska; and the Utica Shale, which covers an area of 7,150 acres located in eastern Ohio.
FNRC was founded in 1988 and is based in Lone Tree, Colorado.
Top Investor Highlights
• FNRC shares plunged last year, but due to a one-time conversion to common equity. The move put the company on surer financial footing and actually granting them both the means and plans to apply measures to boost the stock. It’s almost a paradox. But it should pay off for us!
• FNRC is expanding business during an up cycle in the natural gas market, after almost 6 years of steady decline. The time has come for the recovery.
• FNRC shares are showing a ton of life in recent days as the company moves to support the trading activity and the value. Don’t fight the current.
FNRC Recent Corporate Update:
In January 2011 1st NRG Corp closed a transaction with nine qualified investors pursuant to which the Investors purchased a private placement of Units consisting of Preferred Shares and Warrants to purchase Common Shares. The total Unit purchase was $14,452,014.45 (16,057.79 per Unit) and $14,445,264 is currently reflected on the Company's Balance Sheet as restricted cash. The Preferred Shares were converted into the Company's Common Shares in October 2012. To date releases of approximately $25,000 relating to this agreement have been disbursed.
There are provisions within the agreement to ensure a smooth and timely release of funds in the event that 1) trading volume is below minimums, and 2) average bid prices are above or below the minimums. Originally trading volumes at or above pre-determined minimum bid price were designed to release a percentage of periodic "Breakout" funds to the Company. The Company has been trading sufficient volume but the recent decline in the share price has restricted the orderly release of funds.
In light of the current trading price of our stock, the Company is negotiating amendments to the terms of the financing with the Investors to facilitate further fund releases.
CBM – Northern Wyoming
The recent rise in natural gas prices may enable the Company to initiate a plan of development which will include completing coals currently behind pipe, working over existing wells and drilling our permitted locations. We have an average interest in the current 42 producing wells of approximately 3%, however we hold a 66% working interest in the 8 offsetting permitted locations. In 2012, we received an average price per mcf of $2.41 and the current futures indicate an average CIG price for 2013 of $3.90 per mcf.
Nationwide, natural gas production has decreased 1.157 bcfd from a high in November 2012 when compared to the EIA numbers released for January 2013, and correspondingly the number of drilling rigs exploring for natural gas is at levels not seen since 1999. And to date, net withdrawals from natural gas storage are 480 bcf more than the average of the corresponding period of the previous three years.
Our current CBM properties are characterized by what we believe to be low geologic risk and repeatable development opportunity. All of our wells drilled have encountered developed coal seams in the Warner, Upper and Lower Smith, Wyodak/Anderson Lower, Gates and Wall formations. Most of the wells are comingled, producing from the Upper and Lower Smith and the Wyodak/Anderson. We anticipate using funds released from our financing discussed above to facilitate the 2013 CBM plan.
Utica Shale – Eastern Ohio
The Company has an agreement to develop approximately 7,150 acres in Eastern Ohio, one of the most active areas for oil, natural gas and natural gas liquids exploration in the United States. We are currently seeking a partner to develop the prospect.”
In summary, FNRC is a part of a revolution in the US. The company has strong and significant interests in major wells with huge proven reserves.
But, like a lot of nat gas producers, they didn’t make it through the Natural Gas bear market (price fell from $13.68/bcf in 2008 to $1.90/bcf last year) without some serious cuts and bruises. Thankfully, they found further financing and were able to pass that through to the common share market. This is just what public listing is supposed to be all about.
And now they are ready to run with the new Natural Gas bull market, and have adopted an aggressively shareholder friendly attitude in the process.
The time has now come for FNRC to potentially go on a tear.
Make sure you keep your eyes glued to this one tomorrow morning.
You may never see this stock anywhere near this price again…
Company Website: http://1stnrg-corp.com/
FNRC Quote: http://ih.advfn.com/p.php?pid=squote&symbol=fnrc
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