$ORFG UPDATED DD FROM FULL IMPACT STOCK PICKS
http://archive.aweber.com/fullimpact/PRV25/h/..._FINRA.htm http://www.fullimpactstockpicks.com
ORFG on HIGH Alert for FINRA Symbol and Cusip Change, HUGE Material NEWS and Completely OVERSOLD Chart Sent Sunday, March 30, 2014
Hi
ORFG Due Diligence Update below with an OVERSOLD Daily Chart included below. Bakken Energy had its name approved by the State of Nevada recently and a request was submitted to FINRA changing the name, symbol and cusip number which is expected to be approved shortly. In the meantime, the stock has performed very well since our original alert at 0.0043 back in early January. Shortly after that original alert the stock moved up to 2 cents and formed a new higher base in the 1-2 cent range. Then a few weeks ago on awesome news and buying pressure went on a solid run to a yearly high of 9.5 cents. The stock has been consolidating and forming higher lows in the 3-4 cent range. The material events expected along with very strong accumulation of the trading float by strong long investors is setting up for a much bigger move up. The company will soon update shareholders on its valuation with assets being acquired in the 4 corners region of the country as was noted in recent press releases with included snippets within our DD bullets . Below is compiled Due Diligence bullets that investors have pulled together followed by a VERY bullish Technical daily chart. We love this stock and company and we are buyers at current levels at or near the 50 day Moving average in the 3 to 3.5 cent range !
UPDATED ORFG DUE DILIGENCE:
- FINRA Name, Cusip and Symbol Change approval expected in the very near future.
- Acquisition of Nations Oil and Gas confirmed completed by PR with valuation expected in near term
- Michael Naumu is the domain owner for http://www.nationsoilandgas.com/
- Michael Naumu is a very wealthy business man associted with the BIA. See DD from drivenbypain below
- Nations Oil and Gas, a wholly owned subsidiary of Bakken Energy made an offer to acquire Alberta Gas Co of Utah
- Nations Oil and Gas has lease holdings in Uinta Basin, Central Utah and surrounding locations throughout the State of Utah with its most valuable acreage in the Uinta Basin.
- The Uinta Basin properties are surrounded by producing oil and gas wells and current operators like Newfield and Crescent Point, and other companies.
- The Company will be receiving detailed data on a 25,000 acres parcel, after a thorough review , it will seek plans to negotiate or joint-venture with a field Operations Company.
- The Company anticipates to acquire under lease agreements a very large Hydro-Carbon bearing acreage through Nations Oil & Gas Corp, and other holdings.
- Company extended the "DIVIDEND" record payout date to April 15, 2014 for a recently announced dividend in January as follows: For every 10 shares that a shareholder owns of ORFG they will be paid 1 additional share of restricted stock of ORFG stock. Each shareholder has to hold their shares of ORFG stock through the shareholder of record payout date to be eligible to receive their dividend
Nations Oil & Gas, LLC., is a private oil and natural gas company engaged in the discovery, development and production of oil and natural gas properties. Since 2012, through a sound development program and a series of strategic acquisitions and partnerships we have grown to become one of the fastest growing E&P companies.
Today we are looking to acquire interests in existing mineral leases, wells and other energy related assets. We have a diverse asset base with nearly 150,000 net acres, primarily concentrated in the core area of operations: the Uinta Basin. We are actively looking to acquire more assets in these basins as well as many well-known producing areas such as the San Juan, Powder River, Green River, Bakken, Aneth and Piceanse. We strive to build value across this diverse asset base by profitably increasing reserves, production and operating cash flows through measured growth.
We are headquartered in Las Vegas, Nevada and maintain division offices in Salt Lake City, Utah, with future expansions into Farmington, New Mexico, Dubai, UAE, Denver, Colorado and Houston, Texas.
MICHAEL NAUMU
ORFG DAILY CHART
The daily chart is completely OVERSOLD as the FULL STO sits at 16.08 below the the 20 line which makes the stock a STRONG BUY at current levels. The Accumulation/Distribution line has been going up with all the selling last week which means no dilution and shares are being gobbled up by long shareholders which is another BULLISH indicator. MACD and TRIX will start curling up this week and with BIG News expected with more buying pressure a BREAKOUT will occur this week in our opinion. See chart below:
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