Here we go again Trader Nation!
Our at bat for a potential back to back attack is here!
That potentially satisfying play that we’re bringing you is NOEE and it appears ready to sent over the fence!
NOEE (Northern Empire Energy Corp.) – Current PPS - $.04
NOEE could be another huge driver for similar possible lucrative propulsions like we saw in Friday’s selection that we profiled.
NOEE’s low float and thin Level-II Box are just a couple of the many key indicators that points in the direction to why this play could have another positive impact on this day’s success.
NOEE is currently priced at just 4 cents and appears it could be ready to shake things up.
NOEE is in the gas & oil industry in Alberta, Canada.
Output from Alberta’s bitumen reserves, the world’s No. 3 crude deposit, is expected to climb 26% from 2012 to 2.3 million barrels a day by 2015, rising to 5.2 million barrels by 2030, CAPP forecasts.
NOEE could be the first in line for this production!
NOEE is focused on pursuing prospects in partnership with other companies with exploration, development and production capabilities. It will also pursue alliances with partners in the areas of geological and geophysical services and prospect generation, evaluation and prospect leasing.
NOEE possesses what certain speculators call, a charming and favorable circumstance based on its technical setup.
Now lets dig into NOEE and its business description a little more.
BUSINESS SUMMARY
(NOEE – Northern Empire Energy Corp. / PPS. - .04)
Northern Empire Energy Corp., incorporated on February 23, 2007, is an exploration-stage oil and gas exploration company. The Company is focused on the acquisition of oil and natural gas interests, including leases, wells, mineral rights, working interests, royalty interests, overriding royalty interests, net profits interests and production payments in Canada.
The Company is focused on pursuing prospects in partnership with other companies with exploration, development and production capabilities. It will also pursue alliances with partners in the areas of geological and geophysical services and prospect generation, evaluation and prospect leasing.
On December 16, 2009, the Company entered into a formal option to purchase and sale agreement of petroleum and natural gas rights with Angels Exploration Fund, Inc. Northern Empire Energy Corp. agreed to purchase from Angels Exploration Fund Inc. certain petroleum and natural gas rights within the Province of Alberta. On January 27, 2010, the Company acquired 100% of the petroleum and natural gas lease rights on nine sections in the Redwater Region, northeast of Edmonton Alberta, Canada.
The Waskatenau Prospect consists of nine sections (5,760 acres) located 15 miles North East of the Redwater Oil Field. Several (12) geophysical targets have been identified throughout the Wasatenau Prospect. Separately, after completing a detailed geological, geophysical and seismic review, including project economics, the Company has decided it is not in its interests to proceed with its option to earn a 45% interest in the Turin Prospect.
MARKET OUTLOOK
Canadian crude oil production is expected to grow over the long-term to 6.4 million b/d by 2030. These supplies will meet the demand of markets located throughout North America and beyond. The recent uncertainty regarding the timing of some transportation infrastructure projects has opened the door for several alternatives, including the transport of crude oil by rail, which is rising and adapting to meet market needs.
The key points of this year’s outlook are:
• Canadian oil production growth is driven by the oil sands, which is expected to grow 2.5 times from current production of 1.9 million b/d to 4.8 million b/d by 2030. Total conventional production, inclusive of condensate, grows slightly and will contribute 1.5 million b/d to total production. This is a reversal of the declining trend in condensate production previously forecast.
• Multiple markets are expressing growing interest in crude oil from Western Canada. There are opportunities to replace foreign crude oil imports in Canada and the United States at refineries along the East Coast, West Coast and Gulf Coast. Demand from global markets, such as Asia and Europe, could be met but requires access to tidewater. There are projects in the regulatory process and others being considered to achieve this.
• Longer timelines for new pipeline capacity have led to a developing role for rail in the crude oil transportation network as the use of this mode is increasing overall crude oil transportation capacity.
Canadian crude oil production is expected to grow by an average of 4 per cent annually until 2030. Western Canadian production reaches 6.4 million b/d by the end of the outlook. Production in Eastern Canada is stable in the near term but declines gradually by 2030.Compared to CAPP’s 2013 forecast, western Canadian production is similar through 2020 and lower by about 300,000 b/d in 2030. This is the overall net effect of a higher conventional and a lower oil sands forecast. Conventional production is 100,000 b/d higher primarily due to more condensate resulting from the industry’s increased focus on drilling in liquids-rich plays. The oil sands forecast is 400,000 b/d lower. A number of factors contribute to this variation including cost competitiveness and delays in project schedules.
(According to the Canadian Associations Of Petroleum Producers) http://www.capp.ca/getdoc.aspx?DocId=247759&DT=NTV
INVESTOR HIGHLIGHTS
NOEE has a low-float and a thin Level-II Box.
NOEE is currently priced at just 4 cents and appears it could be ready to make a serious move in the positive direction.
NOEE is a potential high rewarding momentum play that could possibly reach a new 52-week high.
NOEE is in an industry that is forecasting a bright and lucrative future.
NOEE has certain key statistics that make it appear to be in for a very favorable circumstance for today.
There you have it folks, get started on your own research in addition to ours and notice the possibilities for yourself as to why we believe that we could be in for a real pre-weekend treat with NOEE!
