Watch List for Monday 3-8-2010
My new big pick is
BGOI.
If you missed the
BGOI chart in my previous email, you must look at it now.
View the
BGOI chart here: http://bigcharts.marketwatch.com/quickchart/quickchart.aspsymb=bgoi&sid=0&o_symb=bgoi&freq=1&time=7
BGOI has traded at much higher prices and has rallied numerous times. This means the chances of going up again are very high!!
This could be a huge turn around play with all the recent developments from the company.
Oil is going higher there`s no question about it. The only question is there is now is, are you positioned to take advantage of oil rally or will you watch from the sidelines
BGOI has lots of assets:
Apclark, 6700 Acres encompassing 53 PUDs, superb production history in West Texas Spraberry trend Damon Mound
Highly productive (11MMBbls) Gulf Coast salt-dome formation with up-dip hydrocarbon accumulation along the flanks of the dome.
Good North Project, The Good North Field in Borden and Howard Counties, Texas consists of 1,263 acres drilling opportunities offset to historical production in the Jo Mill Spraberry and Dean zones.
Bourland Field, Current producing from 8 existing wells on 960 acres in Ector County, Texas, in the San Andres Formation.
Plantation, Plantation Prospect consists of eight total wells in Gonzales County, Texas.
BGOI already owns proven reserves!
BGOI estimates that its actual oil reserves in its Apclark Field Zones may exceed $34 Million.
BGOI also leases property in the Damon Salt Dome-with estimated reserves of around $6 Million.
CEO of
BGOI, Bill Wiseman, is quoted as saying, "We are very excited production is increasing at our Apclark property and we are looking forward to capitalizing on the increasing price of oil."
Here a long term chart on oil, and it`s clear that it`s moving back up: http://futures.tradingcharts.com/chart/CO/W
Since
BGOI is trading for just $.01 a share, a rally in oil could shoot this one straight up!!
Put
BGOI on your watch list and monitor this one closely. I won`t be surprised to see it testing highs again one day! Always do your own research and consult with your own financial professional.
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