Tiger Oil and Energy, Inc. (OTCMKTS:TGRO) Is The New StockTips Pump
Yesterday the pump for Tiger Oil and Energy, Inc. (OTCMKTS:TGRO) officially began with a landing page and a host of email alerts from various pumpers. The most prominent of the involved newsletters is StockTips who disclose that they expect to receive $2.5 million as a promotional budget for the pump. Among the lesser pumpers StockPalooza have been compensated with $100 thousand.
Thanks to all the artificial hype TGRO exploded during the trading session with more than 12 million shares changing hands resulting in a massive gain of 72% and a closing price of $0.52 per share. The trade value for the day reached the staggering $5.3 million. Prior to the promotion TGRO was traded infrequently and often had days with zero trades. Friday’s spike in volume was more than likely caused by traders who knew that the pump was going to start and bought in early.
TGRO is another oil and gas exploration pennystock that is in a dismal financial state. According to their quarterly report for the period ending September 30 they had:
- $1.527 cash
- $1727 total assets
- $117,442 total current liabilities
- No revenues
- $3.9 million accumulated deficit
With numbers such as these investors should recognize that TGRO is nothing more than a pump play. This becomes even more obvious when you take a look at the names of some of the insiders of the company, more specifically the CEO Mr. Kenneth B. Liebscher. He has been involved in a number of oil and mineral exploration pennystocks that were aggressively pumped. Looking at the charts of Northumberland Resources Inc (OTCMKTS:NHUR) and National Graphite Corp. (OTCMKTS:NGRC) will give you a good idea of how well those pumps went.
The risks of trading pumped stocks have increased exponentially lately with the SEC shifting into a higher gear and suspending a record number of promoted stocks. On Friday 
came the latest suspension, this time of Guar Global Ltd. (OTCMKTS:GGBL), just a day after a paper mailer touting them started distribution.
With all the red flags it may be for the best to skip TGRO altogether unless you are confident in your abilities. Nevertheless doing you own research and deciding on an appropriate time horizons might at least help you mitigate any potential losses. Something that shareholders of Nutranomics, Inc. f/k/a Buka Ventures Inc (OTCBB:NNRX ) will be desperately trying to do after the stock slashed more than half of its value during yesterday’s session. NNRX dropped from $1.28 to 60 cents in less than an hour and at closing time had slid even further down sitting at $0.56.
