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Hello Traders & Readers!
The bell has rung and the curtain just dropped.
Get your eyes on TNEN now!
This double zero sub penny play has all the fire power in the world to elevate it to easily surpass new 6 month highs. (maybe even higher)
The setup in the Level-II Box for TNEN looks so captivating you’ll think your looking at a prototype screen shot of what the PERFECT setup is supposed to look like.
According to Yahoo Finance, TNEN has 3M shares outstanding and is trading at just .0043
That brings its market cap value to under $13K ……That is absolutely insane! You don’t see too many like this, that’s for sure …
We’re not guaranteeing that this pick will generate triple digit or quadruple digit gains, but we assure you that we will be completely shocked and floored if it doesn’t!
Let’s look a little deeper…
TNEN or True North Energy Corporation, is engaged in the acquisition, exploration, development and production of oil and gas properties located throughout the United States. It holds assets in Colorado and Oklahoma.
TNEN‘s principal assets consisted of oil and gas leases covering approximately 35,000 acres in the Cook Inlet (25,000 acres) and Beaufort Sea (North Slope) (10,000 acres) areas of Alaska. On September 2007, TNEN completed the acquisition of Prime Natural Resources Inc.’s interests in the Devon Fee Gas Unit and the O’Leary Gas Unit No. 1 in Brazoria County, Texas. On June 2007, the Company acquired certain oil and gas interests and properties in northwest Colorado in an area covering more than 17,000 acres. At the time of acquisition, these oil and gas interests had no production.
TNEN held a 100% working interest in the leases comprising part of the acquired assets. On 2011, the Company sold all property interests with the exception of Overriding Royalty Interest on properties in Alaska, 0.25%, of which have all subsequently expired, and Colorado, 0.375%.
On September 2014, TNEN won an auction and acquired a 0.051416% royalty interest in the producing wellbore of the K Farm 9-18N-1W #1WH located in Section 9-T18N-R1W, Payne County, Oklahoma. The well is operated by Devon Energy Corporation of Oklahoma City, Oklahoma.
Recently, TNEN has undergone exciting changes, which complement its core philosophy: Build an energy company by continuously evaluating the bottom line. From bedrock to barrels: phase projects, establish positive earnings, and move methodically forward.
The Company continues to actively seek to expand its portfolio of assets.
TNEN’s strategy is to continue to build its operations under a two phased approach.
• Phase I includes establishing an operating technical team; acquiring producing assets to activate the production side of business; and acquiring development and low risk acreage.
• Phase II focuses on acquiring production and leasehold in low risk proven fields and implement workover and drilling programs including activating behind pipe, “stranded,” reserves; increasing operational efficiency; and drilling infill locations on proven fields.
BUSINESS SUMMARY
(TNEN – True North Energy Corp.)
True North Energy Corp. or TNEN is a diversified holdings company of emerging high-tech companies.
True North Energy Corporation, incorporated in April 2004, engages in the identification, acquisition, exploration, development, and production of oil and gas properties located throughout the United States. The Company has held assets in Alaska, Colorado and Oklahoma and holds overriding royalty interests on properties in Alaska and Colorado.
True North Energy Corporation was formerly known as Ameriprint International Ltd. and changed its name to True North Energy Corporation in January 2006. The company was incorporated in 2004 and is based in Spring, Texas and has a subsidiary location in Hong Kong.
For more information please visit their website below:
http://www.tnencorp.com/index.html
MARKET OUTLOOK
Holding companies in technology and energy are in position for potentially lucrative returns investing in various stages of industries that could show- low risk, high reward – returns in the future.
Steadily increasing mixed with clearer stability in national asset valuations are boosting private equity buyout portfolios since the financial crises where from the periods of 2008 Q1 to Q4 reached -20 percent!
Results in 2014 characterize durable private equity rebound. It is clearer that the private equity industry globally are experiencing a flood of capital with no signs of slowing down. With numbers hitting an all time record in 2014.
Cash-rich corporate acquirers, feeling pressure to meet shareholder demands for growth are in a position to engage in acquisitions of privately owned companies that fit their strategic goals.
In a thorough outlook report on the state of the Oil and Gas in 2015, John England Vice Chairman of US Oil & Gas Leader, Deloitte LLP and Audit & Enterprise Risk Services (Advisory) Energy & Resources Leader for Deloitte & Touche LLP, is optimistic about the ability of US producers to weather the current storm even though the price of oil has declined more than 40 percent since July 2014, potentially postponing higher cost new shale and deepwater projects in North America.
According to a report from the American Petroleum Institute, from 2009 to 2011, the energy industry added more than 600,000 new jobs and contributed 6.3 percent of the total US labor income in 2011.
A reduction in the oil price drives a reduction in commodities prices across all sectors. This helps reduce operating costs for companies, which puts more money to invest in their hands. Consumers have more money at their disposal as well, which increases their purchasing power and company profits, stimulating employment.
For more information click the links below:
http://www.bain.com/bainweb/PDFs/Bain_and_Company_Global_Private_Equity_Report_2015.pdf
http://www2.deloitte.com/content/dam/Deloitte/us/Documents/energy-resources/us-er-2015-dtp-pr-outlook-01172015.pdf
Investor Highlights
TNEN’s price is just $0.0043
TNEN’s Net income in the second of quarter of 2015 was $926,299.
TNEN’s Total assets were $11.7 million and shareholder equity was $9.3 million.
TNEN’s Gross margins improved to 7.1% in the second quarter of 2015.
TNEN’s Income from continuing operations for the second quarter of 2015 was $628,654.
TNEN’s Working capital was $9.2 million on June 30, 2015.
There you have it folks! Start your own research on TNEN now!
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