Hi and good morning,
I really hope you’ve started your research on today’s mega play VKIN as the Company just released big joint venture news just a few minutes ago…
… and when we say “big” news, we mean gigantic. According to the news that just hit the wire:
VKIN will partner up with Jolen, Inc. “with respect to one project located in Western US, which contemplates the purchase of existing oil production and the right to drill additional vertical wells to increase production to approximately 650 to 700 boe/day.”
See the full press release here:
Viking Investments Group, Inc. Announces Letter of Intent With Jolen, Inc. Regarding Proposed Joint Venture
This Monster News also states:
“The parties have outlined the essential elements of a joint venture concerning the acquisition, development and/or management of certain projects in the Energy sector in the United States.”
Remember, this news just hit the wire this morning; in fact, it hit just a few minutes ago meaning it has not been traded on yet… we could be in for a Huge Day ahead!
And here’s the thing: VKIN has a history of very big moves… just a couple of months ago VKIN ran from .08 all the way to .30… that’s a gain of 275pct!
Since that time it has slid back and once again finds itself at .08! And now with volume growing and green days back-to-back-to-back before yesterday, not only is the chart heating up but several indictors are also turning green…
… with the right catalyst we could be see a Monster breakout right around the corner!
Considering this morning’s major mews, VKIN could be the next Mega Play.
So don’t sit on your hands. Get ready and start your research right away:
Today’s new play is
Viking Investments Group (VKIN)
Website: www.vikinginvestments.com
Quote: finance.yahoo.com/q?s=VKIN
VKIN has recently gone through what seems to be a rather impressive restructuring/refocusing effort to focus on producing assets. At the moment VKIN looks lean and mean and ready to expand and this morning’s news is a perfect example.
Viking is one of those rare small market companies that is actually accomplishing what it set out to do. Not only did it make the transition from exploration to production, but it plans to continue its blueprint to success and bring more wells online very soon:
- VKIN recently announced that the first Oil Well within the Company’s Joffre Project is now in production
- After 5 days of monitoring and operating facility adjustments, the well is now producing at a rate of 118 barrels of oil per day and 250 mcf of natural gas, totaling 160 BOE/D
- Viking estimates the complete re-work of the remaining wells in the project during the 2nd and 3rd Quarters of 2015
As of December 31, 2014, VKIN’s total assets at 425k Dlrs.
VKIN believes that current oil prices present an attractive opportunity for investors. According to CNBC, legendary oil trader Andy Hall, CEO of 3.2Bln Dlr commodity hedge fund Astenbeck Capital Management, has closed out his bearish bets on oil and is predicting a price recovery in crude sooner than many analysts had expected.
At current, oil prices could be sitting at ground-floor prices. VKIN could be sitting in a brilliant position for future growth.
VKIN’s chart is also beginning to heat up: The Recent CandleStick Analysis is Bullish as is the Stochastic at the moment. Also Bullish is the High Analysis (for all terms), the MACD for both medium and long terms as well as the Fibonacci and Low Analysis for the long term.
Just weeks ago VKIN reached .40… so we know it can move. If it were to reach such levels from here it would be an enormous percentage increase.
Considering this morning’s news we could be in for something special.
So don’t wait another moment, get started on your research right away. Feel free to begin with our full profile from last night:
www.newpoweralert.com
Remember, we always encourage you to do further research. Never take our word for it, read our disclaimer to see why, and of course always consult a professional.
Just because a situation looks great things can still go wrong and often do. Be smart and protect yourself.
Enjoy your morning,
FatCat
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The information contained on our website or in any of our newsletters is for informational purposes only, and is not intended to be advice, nor a recommendation and/or guidance for investment and/or financial decisions. In preparing our publications, we rely upon publicly available information including press releases, which we believe to be reliable, but have not verified. Our web site and our newsletter are services of Market 365, a media, marketing and ad firm that is engaged in the business of profiling companies for monetary compensation. All direct and third party compensation received has been disclosed in our newsletter and/or our website in accordance with section 17(b) of the Securities Act of 1933.
Compensation: We have received two thousand five hundred dollars by a third party, Andalusian Holding LLC, for a two-day marketing campaign of VKIN. All compensation is received via bank wire. We do not own any shares or hold any positions in VKIN.
