Oil stocks are smokin` hot --
CYRS could be the next one to jumpI have been watching this stock for a few weeks and have seen a very
steady trading pattern, increasing volume and a
GREAT chart.
It looks like something big is brewing here, and I think that my
members will like this one!
Cheyenne Resources Corporation (
CYRS)
This is an exploration company that has a very clear focus on the
quickest way to generate revenues (and, of course, profits)
CYRS business model is to focus on what is known as "secondary
development". They acquire (or joint venture) properties with
KNOWNreserves that can be successfully EXPLOITED now with the newest,
STATE-OF-THE-ART drilling and extraction techniques. There are a
number of properties that the company says have significant production
potential, but were abandoned previously because the technology did
not exist to profitably extract the oil and gas from the ground.
Thomas J. Cunningham, President of
CYRS was recently quoted as saying,
"We firmly believe that a properly planned and cost-effective
secondary recovery project will provide the required reservoir
pressure restoration to rapidly recover significant existing reserves
left behind after the successful primary recovery efforts."
He went on to add, "By strategically applying prudent secondary
recovery techniques in select areas of the field, Cheyenne Resources
believes it can recapture significant existing oil and natural gas
reserves through applying various methods of repressurization." read
the full release here
CYRS currently has properties in two states: Texas and Tennessee. My
list simply encompasses location and THE PROVEN RESERVES!
Jim Wells County, TX - This site has proven reserves of 30 million
barrels of oil and 17 billion cubic feet of natural gas.
Taylor County, TX - Proven reserves approximate 3 million barrels of
oil equivalent.
West Oneida Project in Scott County, Tennessee - Recent estimates of
original oil in place in this formation have increased to 31 million
barrels. This is nearly triple the original estimate of 11.2 million
barrels. Revenue estimates range from 250,000 per month to a full
production run of $425,000 PER
MONTHCrockett County, TX - Proven reserves at these sites are 100 billion
cubic feet of natural gas. Another recent reserve report suggests a
potential valuation of $285 million to $423 million, using a base
price of $3.50 per thousand cubic feet of natural gas.
This just in!
CYRS is in negotiations for an oil property in Abilene, Texas that has
reported reserves of 15.7 million barrels of oil at depths of less
than 1,000 feet. There are 11 additional zones on the property with
recoverable crude at depths of 500 to 4,500 feet.
All of the above information was taken from press releases that have
been issued by
CYRS and/or off of their website. My members are
welcome to check them out:
CYRS Website and Yahoo! Headlines
While the news has been strongly positive, the chart is also very
promising.
I look at
CYRS` chart and one word come to mind: "UPSIDE!"
Due diligence is key for all my members!
I do my research to make it easier and more efficient for my members
to do theirs. I like
CYRS and think it has some great potential. I
hope you enjoy it and it does well for you.
As always, Good luck and Good trading!
To view the disclaimer visit
http://cts.vresp.com/c/InvestorSoup/130f90a96e/ed931285a7/d116720f73
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