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Bull Flag Breakout Alert
Origin Oil Inc. (OOIL)
I am issuing an immediate technical alert on Origin Oil Inc. (OOIL). I have identified a pretty solid bullish pennant pattern with clear support that looks ready to make a move. Bullish pennants typically result in strong moves higher. The key is to watch for a volume increase, this is crucial in verifying a breakout move. All signs leading up to this point have been positive and I expect that to continue. Be sure to take a look at Origin Oil’s chart setup; I’m sure you’ll be just as excited as I am once you do. And a recent press release could be just the catalyst we need to break this bull flag pattern to the upside.
Origin Oil develops water cleanup technology for the oil and gas, algae, and other water-intensive industries. Its patent-pending Electro Water Separation (EWS) process removes organic material from large quantities of water without the need for chemicals. The EWS technology is used to harvest; used in a continuous process to remove oils, suspended solids, insoluble organics, and bacteria from produced and frac flowback water in well operations; used aquaculture water cleanup; and used in organic waste remediation, including agriculture, fish farming, and animal farming applications. The company focuses on licensing this technology to distributors, manufacturers, engineering service firms, and specialty operators, as well as fuel refiners, chemical, and oil companies.
Just this week the company announced that it has agreed to transfer three of its early patent applications to its French joint venture, Ennesys . The agreement followed a state visit by French President François Hollande in which the leader praised Ennesys as an innovative startup with a technology ready to propel France toward meeting its ambitious renewable energy and green building goals.
“We’re delighted that Ennesys will be able to capitalize on our early inventions, which are no longer a core element of Origin Oil’s intellectual property portfolio,” said Riggs Eckelberry , Origin Oil CEO. “The agreement has the potential to boost future stakeholder interest and value through future royalties and reimbursement of R&D costs. As a founding shareholder we are proud to share directly in Ennesys’ success.”
This company’s technology could save millions of dollars in oil spill cleanup along with saving hundreds of thousands of animals’ lives. Imagine if we had this company’s technology around for the BP oil spill. There is a clear need for a technology like OOIL’s. Begin your research now and don’t forget to check out the bull flag setup. I will update you as this pattern develops. Good luck!
Don’t ever invest based on what I say. Do your own research and consult with a licensed professional before investing, only invest what you are prepared to lose. Any statements and opinions given are amateur and biased and should be treated as such. Past performance does not indicate future performance in any way. The performance of all alerts uncompensated and compensated in no way predict the performance of current and/or upcoming alerts. Check the latest SEC filings before investing, and research other information on the risks of investing in microcap companies at www.sec.gov
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