Meta Materials Inc (MMAT)

[SF Wolf]

The Streets Real Money column just put out this article. TRCH is the third one discussed:

3 Independent Energy Stocks That Are Ready to Rock

3. Torchlight Energy (TRCH) (+23.7% ytd). Unlike EPM and GST, TRCH shares have performed very well thus far in 2017. This is a transformational year for Torchlight, as the company looks to drill the first well on its Hazel project in the Midland Basin by mid-year.

At present, Torchlight has virtually no current productive assets -- "PDP" in oil industry parlance -- and proving up Hazel is key to solidifying TRCH's operating future. Management has been looking to raise capital to fund drilling and for other corporate needs, and I believe the capital markets will support such a transaction.

That's the short-term story, but the longer-term cachet -- or Big Gold, if you will -- in the TRCH story is its Orogrande play in Hudspeth County near El Paso, TX. While Orogrande is not currently producing, the two development wells TRCH has drilled there have yielded a wealth of information. In my conversation with TRCH CEO John Brda, he noted that the initial data have done nothing but reinforce his bullishness on the Orogrande, and he singled out the extreme porosity of the rock there as an especially positive characteristic.

So, TRCH has the long-term upside, GST has the near-term catalyst in its upcoming shareholder vote and EPM has the stability of its dividend and debt-free balance sheet. It's a great time to be initiating positions in the smaller E&Ps, and I believe each of the three mentioned stocks will outperform the markets for the balance of 2017.

http://realmoney.thestreet.com/articles/04/07/2017/3-independent-energy-stocks-are-ready-rock