Newsletter
| Promoter: | Penny Stock General | Paying Party: | UNKNOWN |
| Stocks covered: | Compensation: | Avg $ Volume for Period: |
| FNRC | $2000 | UNKNOWN |
| Max Profit: 0.00 % | Gain at close: 0.00 % | |
| *We think that this promoter is a part of a group of promoters. | ||
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Traders,
After a solid run of gains last week, I'm back to give you more opportunities to profit before Christmas.
Tomorrow our focus is squarely on 1st NRG Corp (FNRC).
FNRC released some solid news this morning that obviously resonated with investors, because the volume traded on FNRC today was insane.
And so we come to tomorrow...
Volume precedes price is an important maxim that experienced traders follow.
It means that, typically, a stock will have greater volume in the day(s) before a strong move.
We think FNRC could move higher off these levels tomorrow and possibly the rest of the week as the oversold chart continues the bounce that started today.
You see below FNRC is significantly oversold at these levels, and the news today woke investors up to this.
 You will also see on the chart that there is longer term support/resistance (a key level) at around the $0.0010 - $0.0012 level, which also coincides with all important 50 day moving average.
This level could be a magnet for FNRC, and would represent a 100% - 140% gain from today's close of $0.0005.
About 1st NRG Corp
1st NRG Corp. (FNRC) is an exploration and production company headquartered in Denver, Colorado whose activity to date has been centered on development of the Clabaugh Ranch Field, a project developing and producing coal bed methane reserves (CBM) located in the Powder River Basin of Wyoming. The targeted coal seams in the Powder River Basin are part of the Tongue River Member of the Fort Union formation and have been extensively mapped as natural resource developments and exploration have occurred throughout the region. Industry data from many wellbores drilled by others, allow the Company to estimate the extent, thickness, gas saturation, formation pressure and relative permeability of the coal seams. This reduces (but does not entirely eliminate) the risk of drilling unproductive wells.
The Company has experienced a 100% success rate at Clabaugh Ranch where the 42 drilled wells have encountered developed coal seams in the Werner, Upper and Lower Smith, Wyodak/Anderson Lower, Gates and Wall formations. Well log analysis of the drilled wells demonstrates gross pay zones of approximately 150-200 feet, the most significant of these being the Werner, Wyodak/Andersen, and Gates coals.
Clabaugh Ranch is about 20% developed; currently the 42 drilled wells are commingling gas produced from three coals - the upper and lower Smith, and the Wyodak/Anderson. In total the Company has identified 515 separate coals seams for development of which only 126 (42 wells X 3 seams) have been completed. There are 8 permitted locations for future development and acreage for 28 additional locations which will be permitted in the future.
To continue your research on FNRC, visit their website at http://1stnrg-corp.com/
We think FNRC could be a very profitable trade tomorrow and is therefore our #1 pick tomorrow.
In fact, there is very little else that is interesting in the market right now, which makes FNRC even more enticing.
Don't miss out, make sure you are ready at the opening bell.
The Team Get our alerts faster, follow us on Twitter @fastmoneyalerts
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