Special Alert -
BGOIMy new pick is
BGOIAfter some careful review of the chart and with their recent news about 50% increase in production at one of their wells, I believe
BGOI is ready to make a turn around.
Just a little over a month ago,
BGOI was trading at .06, now if
BGOI even rallies to .03, that`s 200% from where`s at now. So the upside risk outweighs the downside risk, but a stop loss should always be used.
Warren Buffetts investing style can be compared to a bargain hunter shopper. When he sees a bargain, he grabs it fast.
He`s one of the most successful investors in the world proving that bargain investing can really pay off.
If you look at
BGOI you will see that it has come down to a very low bargain prices.
BGOI could soar in the short term as oil demand creeps up.
According to the Energy Department, total U.S. fuel demand, averaged over the past four weeks, rose 219,000 barrels to 19.3 million barrels a day! The total has increased for four consecutive weeks!
BGOI based in Houston, Texas is an independent crude oil and gas company building a diversified portfolio of valuable oil and gas assets in the U.S.
BGOI holds assets ranging from current producing properties, wholly owned prospects, to developing working interests in Proven Undeveloped (puds) properties.
The "puds" are a primary goal of
BGOI -- to capture and exploit them.
As these "puds" are acquired, assembled, and developed,
BGOI`s reserves will be increased accordingly.
BGOI has relationships with partners that have given them access to viable and potentially profitable leases and working interests available.
BGOI has engaged various operators and partners in the West Texas Permian and South Texas salt domes.
These operators, some of which are in the oil & gas hall of fame, have founded one hundred commercially successful producing fields in their lifetime!
Last month
BGOI reported reported increased production at its second Apclark Field location in the Spraberry zone.
BGOI estimates that its actual reserves of Apclark Field Zones for both Spraberry and Worlfcamp may exceed $34mm!!
BGOI CEO Bill Wiseman commented, "We are very excited production is increasing at our Apclark property and we are looking forward to capitalizing on the increasing price of oil."
Just last week
BGOI announced that production level of the Jackson Well, in the past couple of months, has increased by approximately 50% after performing re-fracturing stimulation of the well!
BGOI is currently evaluating other asset properties that may be purchased and/or merged into the Company.
Oil outlook is positive which could give
BGOI a powerful push up.
Merrill Lynch`s oil analysts say oil will rise above $100 a barrel next year!
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