Hello readers!
NYSE’s GBR could get more viral hits tomorrow than any trendy Hollywood gossip! GBR is a three-letter symbol on the NYSE, and it has our unanimous approval as a possible highflying percentage gainer!
Our team of amateur analysts is currently riding a nice winning streak...and GBR should easily be another prizewinner!
GBR exhibits the same timely technical set up as all of our previous winners, and low-float NYSE plays show up more infrequently than the cicada!
Our team may have harpooned its 1st whale in the NYSE, proving to you that we do not just fish in one pond in search of the BIG CATCH!
In case you haven’t gotten the hint, we’re saying we really like GBR as a potential winner Monday. This low-float MONSTER is currently priced at $1.45, but we don’t expect it to stay at that price for very long after the open tomorrow.
Through its subsidiaries, GBR owns and operates oil wells, gas wells, and mineral leases in the United States. We’re not talking about a start-up here!
Even though most 2015 forecasts for the oil producing industry aren’t overly convincing, we’re talking about a hot ricocheting momentum play! GBR’s oil wells, gas wells, and mineral leases are located in Athens and Meigs counties in Ohio; and Calhoun, Jackson, and Roane counties in West Virginia.
According to Ohio.com, the oil production outlook looks stable despite dropping rig counts.
Read full report here:
http://www.ohio.com/blogs/drilling/ohio-utica-shale-1.291290/oil-production-outlook-stable-despite-dropping-rig-counts-1.561427?cache=18961415304345%2Fnews%2Fohio%2Fcss%2Fresults.
Yahoo! Finance’s calculated data tips us off to thinking that this momentum play could escalate quickly where multiple digit gains could be seen all the way to the end of the day.
Keep following GBR all day!
Business Summary
(GBR - New Concept Energy, Inc.)
http://www.newconceptenergy.com/
Founded in 1978, and focused on energy resource development since 2003, New Concept Energy is a fully integrated producer of oil and gas. The company is traded on the NYSE MKT listed under symbol “GBR”.
New Concept Energy is focused on North American oil and gas drilling and exploration projects. New Concept Energy current properties are concentrated in the Appalachian Basin and Utica Basin.
Business development, finance, engineering and planning, land management, human resources, and technical support are coordinated through New Concept Energy headquarters in Dallas, Texas.
Currently Seeking Acquisition Prospects:
New Concept Energy is looking to acquire controlling interest in several projects that fit the following parameters:
A. Onshore and offshore projects with current production or shut in wells
B. Projects should be in the $10M to $30M range
C. Low to minimum risk exploration projects
Market Outlook
According to data from Baker Hughes Inc., between the weeks ended Oct. 31, 2014, and Jan. 23, 2015, the number of active onshore drilling rigs in the Lower 48 dropped 16%, reflecting the sharp decline in oil prices over the last quarter of 2014.
EIA's January Short-Term Energy Outlook (STEO) forecasts Brent crude oil prices averaging $58/bbl in 2015 and $75/bbl in 2016, with annual average West Texas Intermediate prices expected to be $3-4/bbl lower. Should its price forecast be realized, EIA projects that the number of operating rigs will decrease by 24% from January to October before beginning to rebound in November. However, EIA noted, the outlook for Lower 48 production reflects more than just the rig count. Other key factors include the efficiency of drilling, which EIA tracks in its Drilling Productivity Report, the rate of decline in production from existing wells, and changes in the amount of time between well spudding and completions.
As an example, permits and drilling in North Dakota declined during the financial downturn of 2008-09, but production rates did not decline as substantially. “At the time of the July 2008 oil-price peak, drilling activity in the Bakken-Three Forks formations outpaced well completion activity as increasing numbers of wells were drilled. Averaging about 70 days before the oil-price peak, spud-to-completion times almost doubled in 2 months, reaching more than 130 days. This increase created a backlog of wells that had been drilled but not yet completed. As fewer wells were drilled during the subsequent drop in oil prices, the spud-to-completion times decreased. Increased drilling activity in the Bakken since 2011 has once again increased spud-to-completion times, which have stabilized at more than 120 days/well, almost twice previous minimum levels,” EIA said.
According to EIA, this backlog of wells acts as a cushion for production rates, offsetting the more immediate decreases in drilling and permitting activity. At most major plays in the US, the backlog currently ranges 3-7 months. When drilling activity remains at reduced levels long enough to outlast the cushioning effect of the well-completion backlog, the number of new wells brought online will begin to decrease, which can eventually reduce production rates.
While the cushion provided by the well-completion backlog changes from formation to formation, EIA’s forecast of rising crude oil prices in the second half of 2015, if realized, is expected to be accompanied by a stabilization of drilling activity that would be sufficient to prevent a substantial production decline in the Lower 48 region. Different outcomes are entirely possible under other price scenarios.
Investor Highlights
Finding a low-float play in the NYSE is like finding a four-leaf clover in the middle of Central Park! (Our team searches ALL markets!)
Ohio's natural gas and oil reserves are a multibillion-dollar bonanza that could create more than 204,500 jobs in just four years. http://www.cleveland.com/business/index.ssf/2011/09/ohio_shale_gas_worth_billions.html
Get GBR locked into your radar and check it out now!!!! Start your own research immediately and enjoy an excitement-filled Monday!!
