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Exactly one week ago I alerted MWOG at 6 cents per share. On the same day the stock closed at 40 cents, a 600% increase.
Since then it has been going up slowly every day and has gained almost 50% during what I call the “consolidation” period.
All my stocks go through this, including my last pick which went from $1 to $15, but not before consolidating for a few days between $3 and $5. Once it was done it went up to 15 bucks in under 4 days.
I believe MWOG will be done with this phase some time today/tomorrow and will then quickly shoot up to over $1
While my last pick gained a total of 1,500% I believe that MWOG could gain up to 3,000% because the stock started off extremely undervalued (I honestly don't know how no one other than me discovered it because it was a real bargain).
The reason why I think MWOG still has so much upside is because despite the recent rise to 56 cents this 100% American oil company is still trading at a valuation of around 23 million dollars.
Want to know why ~20 million is a joke and why I think the company could be worth 4-5 times as much? Let me give you 3 simple reasons:
1. The company valued its assets at $1+ billion before the oil crash (the barrel has since hit over $50 recently but the share price hasn't come back up)
2. The company has more than 6 million barrels of oil in deposits on its 600-acre lease in Kansas and has 30 wells already drilled with a plan to drill 40 more. Some newly drilled wells in the area produced as much as 3,000 barrels a day or more.
3. The company just purchased a 160 acre property in Texas in one of the hottest areas of the state where it's nearly guaranteed that they will hit oil.
MWOG's price per share still hasn't reached its full potential and investors will quickly realize that shares at these levels are trading at a heavy discount.
When they do, you won't be able to buy shares this cheap anymore.
Happy trading,
Your editor,
Keith Richie
Editor
FinestPennyStocks.com
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