Check out EORIF for significant mid-term gains. EO
Post# of 21197
Check out EORIF for significant mid-term gains. EORIF currently has a market-cap of ~$18MM, yet they have over ~$20MM in cash - making them undervalued... They also own 3 oil fields in New Mexico that they are currently re-working. Production just climbed above 500 BOPD & is increasing.
EORIF sold their CO2 reserves/assets off a few years ago to Kinder Morgan for $30MM & retained contracts to purchase 27.4 BCF of CO2 from Kinder Morgan starting in 4th Quarter 2015. They plan to implement Tertiary Recovery (CO2 Injection) into 2 of their three fields. With the CO2 Flood, EORIF estimates 2,700 BOPD in 2016 increasing to as much as 10,000 BOPD by 2020.
EORIF has a low share count (~150MM shares), recently hired Ex-Kinder Morgan VP to oversee their CO2 Project, and are currently acquiring the Right-of-Way to install a 38 Mile CO2 pipeline.
In summary, it is possible to acquire a shares in a company who will be producing about a Million Barrels of crude per year in 2016, while they have a market-cap of ~$18MM (which again is lower than their current cash position).
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Good Luck out there & be careful, there seem to be a lot of scams in the small-cap oil & gas sector lately, TECO being one of them.
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