Newsletter
| Promoter: | PennyStockRumors.net | Paying Party: | UNKNOWN |
| Stocks covered: | Compensation: | Avg $ Volume for Period: |
| FNRC | $10000 | 123890 |
| Max Profit: 6.00 % | Gain at close: 0.00 % | |
| *We think that this promoter is a part of a group of promoters. | ||
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Good evening readers and welcome new subscribers.
Well Hurricane Sandy sure created some ripples in the financial world! The last time the market closed for two consecutive days (due to weather) was back in 1888. We'd just like to mention that our thoughts are with all those affected by this "superstorm".
While we've been trapped inside, we've taken the two days off to polish our report on a fresh trade idea. In addition to Monday's press release (that the market has yet to react to, mind you), we've seen this company receive more attention over the long weekend than it has in its lifetime!
Wednesday's Halloween Alert is:
FNRC - 1st NRG Corporation
1st NRG Corp. (FNRC) is an exploration and production company headquartered in Denver, Colorado with natural gas assets in the Powder River Basin of northwest Wyoming. They are also expanding into unconventional shale potential which includes 1,370 acres in Western Nebraska and 7,150 acres in Eastern Ohio.
The Niobrara Shale and the Utica Shale not only have potential oil reserves, but also natural gas and natural gas liquids.
You can visit their website here to begin your research.
Important press release issued over long weekend. What we have is a company that appears to be making BIG strides in a short period of time. These types of resource plays have a tendency to spread like wildfire, which is why Wednesday could turn out to be a real sweet Halloween treat!
Tuesday - 10/23/12: 1st NRG Corp. Reaches Terms on $7M Financing Facility
Convertible Promissory Note - The Company is pleased to announce that subject to execution of final documentation, it has agreed in principle to terms on a credit facility of up to $7M...
Mr. Kevin Norris, CEO, said, “This is another milestone for 1st NRG and its shareholders. Recently natural gas prices in the Rockies have quietly improved.” Mr. Norris went on to say; “this facility should enable the Company to initiate development on its core properties in the Powder River Basin, the Utica Shale in Ohio and the Niobrara Shale in Nebraska.”
Monday - 10/29/12: 1st NRG Corp. Announces Conversion of Preferred Class A Shares into Common Shares
...Mr. Kevin Norris, CEO, said, “The ability of the Company to access the $14M coupled with the previously announced $7M credit facility will enhance development on its core properties in the Powder River Basin, the Utica Shale in Ohio and the Niobrara Shale in Nebraska.” Mr. Norris went on to say, “These funds will also enable the Company to evaluate and acquire other properties as we work to grow the Company.”
You can read both press releases in full here.
FNRC's Projects:
Coalbed Methane: In the past 20 years, CBM in the United States has evolved into a major component of the United States natural gas production. According to the National Energy Technology Laboratory, CBM provides approximately 8% of daily natural gas production in the United States.
CBM production is expected to increase substantially due to the tremendous reserve potential of the numerous, virtually undeveloped U.S. coal basins. Within the Rocky Mountain region, the Powder River Basin has become a major CBM producing basin. According to the U.S. Department of Energy 2002 Powder Basin Coalbed Methane Development and Produced Water Management Study[1], the Powder River Basin is estimated to have substantial recoverable natural gas reserves. Approximately 1.01 Bcf of CBM is produced from the Powder River Basin per day.
Technical Chart:
You can see FNRC recently traded as high as 58 cents on modest volume. After this weekend's increased awareness and Monday's yet-to-impact press release, we wouldn't be surprised if FNRC saw RECORD volume tomorrow. Put FNRC on your watchlist now - look out for more info in the morning!
Disclaimer:
This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. We have been compensated ten thousand dollars for this FNRC advertisement by WSH, LLC. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. |
