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Good morning traders!
CETG stormed out of the gate, gapping up slightly opening at .035. Then it ran to .07 representing real possible gains of 100%! It's since pulled back a bit to .06, but as pressure builds, we could see this rocketship take off for more flight!
If you missed our full report from earlier this morning, check it out:
Let’s skip all the happy cordial introductions and just cannonball right into the good stuff.
CETG is your lucky play for today and we’re going to show you how timing and technical setups can help create your own luck in certain circumstances.
CETG’s current technical setup at its current price per share of .025 gives sure indication of 100% probable gains, and more than likely much better than that.
The Level-II is slender, the spread tight and snug. Factor in the under 5M shares in the float, bang! There’s your shot out of a cannon possible triple digit fireball.
We see better than 100% gains as a real possibility. We’d be shocked if it weren’t. And based on our past 2 months of successful high rewarding gains rate, we strongly believe that following CETG closely today could be one of those shockingly over-expectation type of days.
Now let’s get back to CETG!
Founded in 2003 and headquartered in Columbus, Ohio, Capital City Energy Group, Inc. is a rapidly expanding energy company. Their business has evolved from being an innovative leader in the design, management and sponsorship of retail and institutional direct participation energy programs to become one of the few vertically integrated independent oil & natural gas companies.
Their strategy is to continue to grow a portfolio of core areas which provide growth opportunities through grass-roots drilling, operating, service companies, acquisitions and fund management. This strategy they have named their “Triad” business model, which consists of: Fund Management, Principal Investments and Strategic Acquisitions of energy related companies.
They are continuing to aggressively pursue their Triad business model by acquiring energy-related businesses that are strategic to the core fund management business such as drillers, operators, service companies, pipelines, and lease owners, among others.
The combination of the Triad strategy is allowing them to become more opportunistic and afford the company greater strategic control over its investments through vertical integration. The direct ownership in the full spectrum of assets within the energy industry transforms Capital City Energy Group into a more dynamic and full-service energy company.
BUSINESS SUMMARY
(CETG- Capital City Energy Group, Inc.)
http://www.capcityenergy.com/
Capital City Energy Group, Inc. or CETG through its subsidiaries, operates in the upstream oil and gas exploration and production industry in the United States. The company owns interests in approximately 80 energy properties located in 12 various states. As of December 31, 2014, its net oil and gas production included 7,370 barrels of oil and 17,727 thousand cubic feet of natural gas.
The principal investment division invests through the deployment of their capital in energy properties via joint ventures and partnerships with other oil & natural gas companies. Investments include strategic ownership of production interests, leasehold locations for future drilling, equipment, pipelines, further acreage plays or other energy related properties. The long term goal of this division is to function strategically with our other divisions in order to create attractive cash flow returns, while growing a strong asset base, including proven and probable oil & gas reserves.
Strategic acquisitions division may take the form of a merger, joint venture or outright purchase of a company. Targeted acquisitions may include well operators, drillers, pipelines, energy service companies and lease owners, among others. Direct ownership in the full spectrum of energy assets can allow the company to extend greater strategic control over our investments and strengthen their position as a vertically integrated, full-service energy company.
The direct ownership in the full spectrum of assets within the energy industry transforms Capital City Energy Group into a more dynamic and full-service energy company.
CETG’s goals include:
• Meeting the investment community’s need for energy opportunities
• Owning and managing a portfolio of energy properties
• Strategic acquisitions and the management of energy related companies
The company was founded in 2003 and is headquartered in Columbus, Ohio.
Read more:
http://www.capcityenergy.com/overview/
MARKET OUTLOOK
Shale gas production is picking up speed in Ohio again as oil extraction from horizontal wells continues to grow at a quickening pace. In absolute terms, the Buckeye State now is producing more oil and gas than at any time since the administration of Republican Gov. Frank Willis in the early 1900s.
New figures from the Ohio Department of Natural Resources (ODNR) show 21 percent growth in natural gas produced by horizontal “fracking” during the second quarter of 2015 and 27 percent growth in oil extraction. Those numbers are up from 11 percent growth for gas and 24 percent growth for oil in the first quarter of 2015, suggesting gas yields are returning to the even higher growth rates seen in 2014. (See The Hannah Report, 6/1/15.)
Total production for the second quarter saw 5,578,255 barrels of oil and 221,860,169 Mcf (222 billion cubic feet) of natural gas.
“These numbers break all previous production reporting records for the last 100 years,” ODNR’s Oil and Gas Division said.
Year over year, oil yields have risen 126 percent and gas, 150 percent since the second quarter of 2014.
The division update identifies 1,020 wells in Ohio, 978 of which reported production, compared to 562 wells and 504 with production in the second quarter of 2014.Forty-two wells were still awaiting pipeline infrastructure this year.
The U.S. Energy Information Administration (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.
More on the article here:
http://www.capcityenergy.com/shale-gas-expansion-regaining-speed-in-ohio/
http://www.eia.gov/forecasts/steo/archives/mar15.pdf
There you have it everybody! Start your own research now and see the possibilities for yourself.
Enjoy the day.
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Fortune Stock Alerts
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