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Greetings,
Put VKIN on the very top of your Watchlist right away!
VKIN is one of those rare plays that is
accomplishing what it set out to do… and is thriving.
VKIN looks lean, mean and ready for expansion in what is often considered one of the largest Industries in the world… an industry that has made small startups into global conglomerates… so let’s get started.
Monday's new play is
Viking Investments Group (VKIN)
Website:
www.vikinginvestments.com
Not all oil and gas exploration companies are made the same. In the small markets we see a lot of them and Viking is one of the few that seems to have made that all important transition from exploration to production.
VKIN has not only made the transition from exploration to production, but also plans to continue with its blueprint to success with its plans to bring more wells online very soon:
- VKIN recently announced that the first oil well within the Company’s Joffre Project is now in production
- After 5 days of monitoring and operating facility adjustments, the well is now producing at a rate of 118 barrels of oil per day and 250 mcf of natural gas, totaling 160 BOE/D
- Viking estimates the complete re-work of the remaining wells in the project during the 2nd and 3rd Quarters of 2015
VKIN also just released enormous news a few days back announcing a partnership with VKIN Jolen, Inc:
“The parties have outlined the essential elements of a joint venture concerning the acquisition, development and/or management of certain projects in the Energy sector in the United States.”
The news goes on to explain this venture involves a “project located in Western US, which contemplates the purchase of existing oil production and the right to drill additional vertical wells to increase production to approximately 650 to 700 boe/day.”
See the full press release here:
Viking Investments Group, Inc. Announces Letter of Intent With Jolen, Inc. Regarding Proposed Joint Venture
VKIN’s business strategy is to acquire, invest in and/or provide professional advisory and consulting services to companies undergoing or anticipating periods of rapid growth, significant change or ownership transition.
Viking’s primary focus is directed toward evaluating and completing investments in North America, mainly in the Energy sector and other selective sectors, with appropriate diversification and balance between each division. VKIN targets under-valued investments with realistic appreciation potential and a defined exit strategy.
As of March 31, 2015, the information on OTCMarkets lists the company’s Total Assets at 492k USD.
The Company currently has assets in what is often considered the largest Industry in the world; one that has made some of the all-time richest men on the planet into the icons they remain to this day.
Look at the market value of some of the top oil and gas companies in 2014:
- Exxon Mobil – 422.1Bln Dlrs
- PetroChina – 276Bln Dlrs
- Royal Dutch Shell – 234Bln Dlrs
- Chevron - 227Bln Dlrs
- Petrobras 156.3Bln Dlrs
This is about as big of a target market as you can get; and to think… oil prices have taken a big hit this past year.
If there ever was a time to get in on a ground-floor opportunity in the Oil sector, VKIN seems to be as hot as they come.
VKIN believes that current oil prices present an attractive opportunity for investors.
Important: According to CNBC, legendary oil trader Andy Hall, CEO of 3.2Bln Dlr commodity hedge fund Astenbeck Capital Management, has closed out his bearish bets on oil and is predicting a price recovery in crude sooner than many analysts had expected.
In a letter to investors: Andy Hall cited a number of reasons why oil prices should recover by later this year, including the dramatic fall in rig counts in the U.S., which should reduce year-over-year production growth before the end of 2015; widespread capital spending cuts at shale producers; the collapse in oil well permits in Texas since October; expectations of slower production growth out of Brazil and Russia; and a likely uptick in demand growth due to both seasonal and secular factors.
Clearly… as a result, global crude oil and petroleum production are projected to increase.
With current oil prices sitting at ground-floor prices, this is as good of a time any to find a ground-floor opportunity in the Oil & Gas sector. This means that if you can find the right opportunity in the oil sector you can come out ahead, with a great deal.
In fact, less than a year ago oil was over $100 per barrel of oil. However, since the end of 2014 we have seen oil take quite a dip down to the range it is currently sitting, right around $50 per barrel.
If you look at the history of oil prices, similar sudden drops in price have typically been followed by rapid, sharp increases soon thereafter.
This could be the perfect time to be looking into the Oil Sector and with the news that VKIN broke last month, they seem to be taking some serious steps forward in the development of their Oil property.
Conclusion:
VKIN slipped back a bit in the past few months, perhaps due to recent news that the company terminated dead weight to focus on producing assets… yet it seems like the Company has come out even stronger on the other side…
… potentially opening a giant ground-floor opportunity.
Just 5 weeks ago VKIN reached .40… but we already know it can move.
VKIN has proven multiple times in the past that it can move… and move big. A couple of weeks ago we watched it run 75%.
VKIN closed on Friday at just .07.
VKIN seems to have made exceptional progress turning that big corner from “Development” to “Production” and seems well positioned not only to produce revenues, but also to expand.
To state it plain and clear: VKIN is the kind of example we hope to find when searching the small markets for success stories.
Considering that “Viking estimates the complete re-work of the remaining wells in the project during the 2nd and 3rd Quarters of 2015” there could be even bigger growth around the corner.
This fact alone is enough to get us excited about a .07 oil producer.
If it were to reach earlier levels from here it would represent an enormous percentage increase.
So get started with your research on this exciting young energy company… it could be too hot of a situation to let pass by without taking a look.
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