Hello Traders,
Hope your weekend is going great.
But I hope this trading week is BIGGER and BETTER!
I envision the recipe for that better week is a fast slick play to start it all up.
That pick is POIL (Pacific Oil Company)
POIL is a Nevada based corporation, it is a dynamic junior energy company with both established assets and production within the energy rich province of Saskatchewan Canada.
There is no doubt that the oil industry is large and vital to the world’s economy.
That is why POIL could have so many exciting possibilities!!!
The markets have been slow all around the past couple of weeks but I believe POIL could be the perfect kick-start to a fresh Trading Week!
This particular alert shows strong promise for future growth in a highly profitable industry. POIL closed Friday’s trading session at $.30, well below it’s 3 month average. In fact, POIL was trading as high as $.53 just last month!
This could be a near perfect bounce opportunity that traders search for!
POIL and their recent news about securing $1M in financing could capture the attention of the Canadian Securities Exchange as well as the OTC market speculators.
This financing will support POIL’s business strategy through 2014 and expedite its previously announced acquisition schedule.
The Vice President of POIL may have said it best; Ed Loven, Vice president of Pacific Oil, said, "Having additional capital available to speed up both our announced acquisitions and operational efforts is a positive development for Pacific Oil and its shareholders. Besides accelerating current initiatives, a financing of $1,000,000 should provide us with further opportunity for growth while lowering our company's overall risk.
Analysts and investors often disagree on specific investments decision, but one thing that they do agree on is their approach to analyzing oil companies.
POIL could be poised for possible greatness. Wait…it gets even better!
On Friday the company released news with an update on a Bid to Purchase 67 Oil Wells on 9 Canadian Heavy Oil Properties!!
Pacific Oil's all-inclusive bid has been accepted by Grant Thorton LLC Trustee who will now submit the offer to the Court of Queen's Bench for final approval and acceptance.
Ed Loven, Vice president of Pacific Oil, said, "Provided final approval from the courts is granted, this acquisition will immediately increase Pacific Oil's revenue stream and asset base by a meaningful amount which intern will dramatically increase the overall value of our company as a whole.
Read Full News Here: http://finance.yahoo.com/news/pacific-oil-company-provides-bid-212413954.html
About POIL – Pacific Oil
(Current PPS $.30)
Pacific Oil Company engages in the exploration and production of oil and gas properties in Canada. It focuses on three projects, including the Maidstone Project that has 12 wells and is located in Maidstone, Saskatchewan; the Shackleton project, which has 27 wells and is located in Shackleton, Saskatchewan; and the Twining project that has 2 wells and is located in Twining, Alberta.
Canada is the sixth largest oil producing country in the world and POIL is in the think of it. Canada's three biggest oil companies brought in record profits of $18.75 billion, up 10 percent from last year.
Market Outlook
Expectations of an improving economy and bullish supply data have strengthened oil prices to around $100 per barrel. Crude’s recent run has been spurred by the Federal Reserve’s measured Taper announcement.
The central bank -- asserting that the U.S. economy was strong enough -- stated that it will reduce bond repurchases by $10 billion, bringing its monetary stimulus to $75 billion a month from Jan 2014.
This has fueled hopes for robust fuel and energy demand in the world's biggest oil consumer. The bullish momentum was further propelled by positive revision to third quarter GDP numbers and continued decline in U.S. supplies.
Partly offsetting this favorable view has been a spike in domestic production -- now at their highest levels since 1988 -- and suggestions of increase in Libyan oil exports following months of political turmoil.
The immediate outlook for oil, however, remains positive given the commodity’s constrained supply picture. In particular, while the Western economies exhibit sluggish growth prospects, global oil consumption is expected to get a boost from sustained strength in China, the Middle East, Central and South America that continue to expand at a healthy rate.
According to the Energy Information Administration (EIA), which provides official energy statistics from the U.S. Government, world crude consumption grew by an estimated 1.1 million barrels per day in 2013 to a record-high level of 90.3 million barrels per day.
Investor Highlights
POIL has very strong potential and has been in basing formation for the last couple of weeks. Recent surges in volume are hinting at growing interest.
POIL has perhaps the sharpest trading profile in the oil and gas space right now.
POIL recently entered a 1 million dollar secure financing to expedite its acquisition schedule.
At the end of Friday’s trading session POIL released exciting news with an update on their bid to purchase 67 Oil Wells!
Canadian oil producers raised their output to a record 4.3 million barrels per day in February amid higher global demand, according to the International Energy Agency.
Actual data from last December showed Canadian production had reached a record of 4.2 million bpd, and is now estimated to have reached 4.3 million bpd by February, thanks mostly to higher bitumen, natural gas liquids, and light conventional output, which rose by about 100,000 bpd combined, the IEA said in its March report published Friday.
Canada, along with the United States and Brazil, is set to raise non-OPEC production by 1.7 million barrels a day this year to 56.4 million a day, the Paris-based adviser to oil-consuming nations said.
With the recent news issued POIL could be set forth for enormous potential future growth.
You may not want to sleep on an opportunity like this. POIL could be the perfect start to an exciting trading week! Star your research now!
