Have you been watching NWTR? Yesterday it started up ticking nice and slow just like our previous long term plays. As more and more people start finding out about this company we think a New High could occur by the end of this week! If you were watching it so far today, not much activity has come in BUT NWTR is maintaining itself strong. This is a great sign as we can now see that whoever is accumulating positions in NWTR is not selling but most likely waiting for these Long Term possible gains!
My Previous E-mails:
NWTR starts moving nice and slow just like our previous Long Term Play's..... It currently is up about 2% just trying to break that $.70 cent mark..... Remember that Zack's has given NWTR a Price Target of $1.30!! One key thing to know about Zack's is that according to their website they state the following: "At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm."
Seems like this company knows what they are doing and they have rated NWTR as an Outperform Stock!!
NWTR: Zacks Initiates coverage with an outperform rating.
By Ian Gilson, CFA
New Western Energy ((NWTR)) is involved in the acquisition, exploration development and production of oil and gas from properties in the United States. The company owns the rights to drill on a significant number of properties in Texas, Oklahoma and Kansas. Estimated reserves are about 13.3 million bbl of oil, acreage under lease is 4264 acres and there are 89 oil wells on the properties, most of which can be reworked to produce oil.
To download a free copy of the full NWTR initiation report, click here: NWTR 12-11-12
On Oct. 16, 2012 New Western Energy announced that its subsidiary, Royal Texan Energy, started a major work-over program on Well #1 on its Sam Cannon unit in the 680 acre Moran Lease in Shackelford County, Texas. The work-over is initially focused on the Mississippian production zone at a depth of 3,902 ft. However, a broken tube at 2,500 ft. will have to be removed before the well bore is open and production started. Well #1 and well #4 on the same property, have together produced over 190 BOPD (Barrels of Oil per Day) in the past, or close to $1.5 million per quarter at current oil prices.
The company completed its drilling program on Swenson #1 oil well on the 160 acre Swenson Lease in Jones County Texas in mid-Sept. 2012. Surrounding leases have been very productive in the past. This well has been a producing well for the company over the past year.
New Western Energy announced on Sept. 17, 2012 that its operating partner on the Glass Lease in Rogers County Oklahoma has completed phase one of a new work-over program. Out of the 14 wells on the property 8 have been plugged to increase oil pressure in the Bartlesville Formation. These 8 wells had not been in use for several years. This work-over will increase oil production from the other 6 wells.
My Previous e-mails on NWTR:
This is just a reminder to make sure you have begun or begin your research on NWTR... We feel this could be the start of something massive and time is of the essence on this one... So here are our previous e-mails on NWTR for you to put it on your radar right away:
As always we like to keep you completely informed about our picks, so we have left the previous e-mails about NWTR below. We would like to give you some more information on this amazing company and remind you that this is a long term pick which we will be covering all the way into 2013 when we think this one could really take off. Below we have given you the direct links to a full report on NWTR via our website and the independent research Firm ZACKS which has given an Outperform rating to NWTR as well as a $1.30 price target which is almost Double it's current price. Here are some of things that ZACKS has to say about NWTR:
On Oct. 16, 2012 New Western Energy announced that its subsidiary, Royal Texan Energy, started a major work-over program on Well #1 on its Sam Cannon unit in the 680 acre Moran Lease in Shackelford County, Texas. The work-over is initially focused on the Mississippian production zone at a depth of 3,902 ft. However, a broken tube at 2,500 ft. will have to be removed before the well bore is open and production started.
Well #1 and well #4 on the same property, have together produced over 190 BOPD (Barrels of Oil per Day) in the past, or close to $1.5 million per quarter at current oil prices.
The company completed its drilling program on Swenson #1 oil well on the 160 acre Swenson Lease in Jones County Texas in mid-Sept. 2012. Surrounding leases have been very productive in the past. This well has been a producing well for the company over the past year.
New Western Energy announced on Sept. 17, 2012 that its operating partner on the Glass Lease in Rogers County Oklahoma has completed phase one of a new work-over program. Out of the 14 wells on the property 8 have been plugged to increase oil pressure in the Bartlesville Formation. These 8 wells had not been in use for several years. This work-over will increase oil production from the other 6 wells.
INDUSTRY OUTLOOK
Oil and gas are the predominant sources of energy in the world and are likely to remain so in the foreseeable future. Natural gas will remain a "local" fuel. Given the reluctance to replace the nuclear power stations in Japan, Germany and the United States, dependence worldwide on oil will increase over time. The EPA is pressurizing the coal fired generating stations to close or switch to cleaner fuels, thereby moving electricity generation to natural gas where available or to
fuel oil, although at present prices, gas is cheaper than coal. Natural gas currently exceeds coal as the energy source for power stations in the US.
Over the past three to four years the poor economic conditions world-wide have reduced the demand for both oil and gas.. When the economies recover crude demand will increase, as will the price. Consumption has also declined due to the Ethanol and Biodiesel mandates. Biofuels account for about 5% of crude
consumption. If you include the biofuel as a crude oil component, then crude consumption would be about 20,000 bbl/day, and the import gap would be larger.
The current cost of corn has resulted in a lack of profits by the ethanol industry causing plant closures. If a waiver is not granted to the ethanol/gasoline blenders, there will not be enough ethanol to meet the quotas, and ethanol will be replaced by gasoline from crude oil Much of the interest is in the new fields that contain both oil and gas. However, there is still a large gap between production and consumption, one that is unlikely to shrink to much less than 10,000,000 barrels a day. So there will always be a demand for domestic sources of crude oil. Natural gas is hard to transport outside of a pipeline. As a result, the current transportation infrastructure is not in place to transport oil from such places as the Bakken shale formation to refineries or for gas production from shale fracking in the Marcellus, Utica and Huron structures in New York, Pennsylvania and Ohio. This has had a negative impact on gas prices, as supply exceeds local demand.
In the 2012 Annual Energy Outlook, the U.S. Energy Information Administration estimates that net imports of crude oil will decline from 49% of consumption in 2010 to 35% (of a higher rate of consumption) in 2035. The reference and high price targets in 2035 are $140 a bbl and $200 a bbl.
Our Previous e-mails:
The time has come.... We are back again to introduce you what could become one of the Biggest Picks to kick off the New Year! As usual we have a Full Report for you to begin reading about our new pick: NWTR- New Western Energy Corp.
You can see our report here: http://www.penniespicks.com/stock-report/
We also want to make sure that you read a report that was just released from an Independent Research Firm "Zack's Investment Research".... They have started NWTR with a rating of OUTPERFORM and given it a Price Target of almost DOUBLE it's current Price! So check out these links:
News on Yahoo About Zack's: http://finance.yahoo.com/news/nwtr-zacks-initiates-coverage-outperform-170403077.html
Zack's Full Research Report on NWTR with $1.30 Price Target: http://scr.zacks.com/files/Dec%2010,%202012_NWTR_Zacks%20Initiates%20coverage%20with%20an%20outperform%20rating_Gilson_v001_v72x7p.pdf
If by any chance you missed our last e-mail here it is again:
We are Back! It's been a while since we introduced a new company to you. By Now you are already used to us only bringing you picks every few weeks or sometimes months. I also figure you are used to these picks becoming pretty huge LONG TERM Winners.
Our last pick was LTCH which we introduced to everyone on November 27th 2012 when it was trading almost ZERO shares and at a price of around $.92 cents! LTCH quickly picked up going up every day for about 1 week and reached a high of $1.15 on December 4th 2012.
Thats an awesome steady gain of over 25%!! Now we always like to give you advance notice of When we will be introducing a new LONG TERM Pick..... Well we are ready to bring you our next play this Weekend! This one could finish the year HUGE and start 2013 even bigger!
Our full report will be in your inbox this weekend and we will continue our coverage on this pick all the way into next year while following it's upward momentum which we feel could take this under $.75 cent pick to well over $1.00 before the Ball Drops in NYC!
Thanks,
Pennies Picks Team
