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Am I allowed to brag since the stock I told you about in March gained 1,500% ($1 to $15) ?
I'll take the credit for that and I'll also take the credit for this next company I'm going to tell you about today.
My huge stock tip this month is: MWOG
The Midwest Oil and Gas corporation.
As you know I have a fantastic track record picking energy companies. My last oil and gas pick in July went from 15 cents to $1.10.
I believe that MWOG could be an even bigger winner because it's priced at just pennies.
The stock was hit hard when oil prices tumbled to $27 at the beginning of the year and is currently insanely undervalued.
The barrel has recovered to over 40 dollars since and analysts are predicting that it'll end the year at $60+ yet MWOG is still trading for just 6 cents.
Here is what MWOG is sitting on and why I think that the stock is worth upwards of $1 per share:
1. The company's assets were valued at $1 billion before oil prices retraced.. This includes its oil and gas reserves in Kansas.
2. The company currently owns 3 leases , Springer, Bell and Brimer which are 302 acres, 81 acres and 177 acres respectively in Montgomery County.
3. These leases already have 30 wells on them, and the wells have produced high quantities of oil. This is a proven property.
4. New wells in the immediate area have produced as much as 3,000 barrels per day in initial production.
5. Oil prices are recovering very quickly but MWOG's share price still hasn't done so. Investors have not been watching the stock and are missing out on buying shares at the current cheap prices.
The Mississipi Lime formation on which MWOG's leases are located are estimated to hold billions of barrels of oil. While MWOG's leases hold over 6 million barrels at bare minimum.
If you've been wondering how you can position yourself to benefit from the continued rise in the price of oil, think no more because I believe that MWOG would put you exactly where you want to be.
MWOG is trading at just 6 cents as I write this. I expect the stock to break 12 cents today and continue to 0.50 by the end of next week.
As you know I was right on the money with my last pick, it went from $1 to $15. Will you make a move on MWOG?
Happy trading,
Your editor,
Keith Richie
Editor
FinestPennyStocks.com
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