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Good Evening Traders!
We Are Looking At A New Workout For Tuesday!
Check Out NERG - NuTech Energy Resources Inc.
This Penny Stock Is A Sub Penny and Lots Of Analyst's Are Saying That the Bottom In Oil Could Be In?
If This Is the Case Then Companies Like NERG Are Definitely One's To Watch Going Forward!
According To CNBC
"We might have hit the bottom," Neil Atkinson, head of analysis at Lloyd's List Intelligence, told CNBC Wednesday. "Simply because the Brent and WTI price have both been stuck in the mid to upper $40s since about the beginning of August (aside from Black Monday period). They haven't really gone anywhere, a little bit up, a bit down."
Both Brent crude and WTI Crude remain below $50 per barrel, sharply below the levels above $100 seen prior to the slump that began in June 2014.
At the end of 2015's third quarter, WTI crude closed down over 24 percent, with ongoing supply and demand imbalances worsened by the economic slowdown in China and accompanying financial markets fears. The three months from July to September marked WTI's worst quarterly performance since 2014's fourth quarter, when it lost over 40 percent.
However, Atkinson forecast that the supply-demand imbalance would soften during the remainder of 2015. On the supply side, he said that U.S. oil production seemed to have peaked in June at 9.6 million barrels a day. Since then, production has come down slightly, with the U.S government announcing Wednesday that oil production was now just over 9 million barrels.
Meanwhile, global demand growth prospects are being revised upwards, which Atkinson attributed partly to investors' reaction to the lower prices seen during the past year.
FULL ARTICLE HERE
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NERG - NuTech Energy Resources Inc.
Company Profile
Website: http://www.nutechenr.com/
Nutech (NERG) is a natural gas and oil exploration and development company that has developed a patented technology for the production of coalbed methane (CBM) without the
need to pump water. Nutech currently operates wells in the Powder River Basin area of northern Wyoming and has commitments to acquire thousands of additional wells.
Coalbed methane wells typically produce large volumes of water when they are operated according to traditional practice. The water is pumped out of the well, liberating methane gas from the coal seam. The removal of water from wells not only has a cost related to pumping and handling, but disposal of the water creates a separate set of problems as well as costs. These costs cause most CBM wells to become economically unfeasible in a relatively short time period. The result has been the shutting-in or abandonment of thousands of wells throughout the region. Nutech Energy Resources, Inc. is uniquely poised not only to remedy this problem for the industry, but to acquire and profitably operate wells that were previously cost prohibitive.
Coalbed Methane Industry
What Is Coal Bed Methane?
Coal bed methane is a natural gas by-product of coal formation. During coal formation, organic matter is chemically broken down into simple organic compounds. Methane is a by-product of
this breakdown.
Coal is very porous but lacks matrix permeability. In other words, water can seep into coal but can’t flow through it. Naturally occurring fractures in coal allow ground water to permeate the
coal and provide the means through which the methane is stored in the coal bed. Due to coal’s porous nature, methane gas produced during coal formation is absorbed into the coal bed and held in place by the weight of the surrounding groundwater.
Products
http://www.nutechenr.com/downhole-gas-seperation-tool/
Downhole Gas Seperation Tool
In Ground Gas & Oil Recovery Tool “IGOR”
METHANE PRODUCTION
Methane is produced by micro-organisms that consume organic matter in the coal that is penetrated by the well bore.
When water is pumped out, the remaining methane is extracted, but, in the absence of water, the bacteria cannot survive so there is no future production. Thus, the rapid production decline begins until the well eventually produces very little to no gas at all.
With Nutech’s patented technology, the methane is captured with no damage to the micro-organisms which will continue to produce the gas indefinitely.
Full Article Read Here:
NERG FULL COMPANY PROFILE CLICK HERE!
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