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Cheers
Our NEW stock pick for Thursday is Cheyenne Resources Corp (OTCBB:
CYRS) - http://finance.yahoo.com/qs=
CYRS.OB
Cheyenne Resources Corp (OTCBB:
CYRS) operates within a very strong and consistent market segment... that being the Oil & Gas Industry.
Where investors have made hefty profits.
First, world oil demand is expected to remain strong over the next two years.
Second, natural gas prices have been reported to go up, especially during the winter months.
Simple supply and demand principles at work.
As in all industries that are generating strong revenues, companies that are capable of capitalizing on this strength could become lucrative business entities with excellent growth considerations.
In September of 2009, Analysts at Goldman Sachs said prices for natural gas may even triple over the winter, which is common as heating bills increase during the winter months....and could bode well for Companies operating in the Oil & Gas Indusrties such as
CYRS.
To read the full article go here: http://finance.yahoo.com/news/Natural-gas-prices-jump-12-apf-4107869496.htmlx=0&.v
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CRYS`s Top 5 Investment Highlights
#1. The World has an Ever-Increaseing Demand for Oil and Gas
World oil demand is expected to remain strong over the next two years. Population growth, closely linked to economic growth and technology improvement, is a key determinant of oil consumption. Because of the global recession, world oil consumption fell an average of 3.0 million barrels per day (bbl/d) from the fourth quarter of 2008 through the second quarter of 2009. However, the consumption decline is expected to moderate later this year as the global economy improves. Economic activity in Asia has recovered more quickly than anticipated, resulting in upward revisions in estimates. New estimates call for a 1.6 million bbl/d consumption decline in 2009. Global consumption is forecast to grow by 0.9 million bbl/d in 2010.
#2.
CRYS`s Strategic Growth Strategy Focused is on Acquisition of Oil & Gas Properties
Let`s talk about dealing with proven vs. unproven. With conventional oil becoming increasingly difficult and expensive to find and develop, many oil companies are diversifying their portfolios by acquiring interests in unconventional plays such as oil sands.
CYRS has signed a Letter of Intent to acquire an approximate 2,300 acre oil and gas property in eastern Tennessee with existing oil and gas production.
Many countries have large deposits of oil sands, including the U.S., Russia, and various countries in the Middle East.
The U.S. tar sands resources are estimated at 60 billion to 80 billion barrels of oil. The richest deposits are found in Utah and California.
Moreover... the
CYRS is in negotiations with many other companies to form strategic agreement through the company would build reserves properties of Oil and gas.
#3. Financing Achieved Through Private Placement Successful
CYRS raised $250,000 through private placement with an accredited investor group. The funds will be used to exercise Cheyenne`s Letter of Intent to acquire an approximate 2,300 acre oil and gas property in eastern Tennessee that has existing oil and gas production. The Company believes a minimum of 1.5 million barrels of oil equivalent is recoverable
#4. Re-Developing the West Oneida Project In Scott County
Currently the
CYRS is actively intents to re-developing its West Oneida Project in Scott County, Tennessee. The project is situated in the middle of an existing field comprising 62 existing oil wells, 15 gas wells and 7 oil and gas wells. The company expects to find the hidden reserves from these wells.
#5. Joint Venture Agreement with Oxalis Energy
CYRS entered into a joint venture agreement with Oxalis Energy Group, Inc., headquartered in Katy, Texas. This agreement gives them the opportunity to acquire the right to develop four potential oil and gas transactions. They include development of 200 natural gas wells -- in 10 well increments -- in Crockett County. Proven reserves at these sites are 100 billion cubic feet of natural gas.
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CYRS is positioning itself to be a major player now for both oil and gas as prices as each look to rise during our heating months ahead.
CYRS could be develop into a solid winning play for early entrants since Money Flow could INCREASE.
And that normally translates into one thing: higher share prices.
The Crew
Otcstockexchange
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