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revenues of $28,000,000.00 will be achieved by our fiscal year end of September 30, 2017?
https://www.insiderfinancial.com/bulova-technologies-group-inc-otcmktsbtgi-rockets-up-the-charts/123642/
You're right this is skyrocketing 2017
This company undervalued Price going up value .05-.10 share to dollars share with Growth MultiMillions in Revenues
Time to LoadUP Longtime investors will see the Huge benefits coming higher Prices .01-1.0+ share coming $$$$$ with Growing Business revenues
You're right will be adding more these cheap prices will get expensive .
01-.05-.10 plus starting next week bullish
Next week .01-.05 fast time to get in buys cause sellers will chase this
Big Bounce coming Suddenly best time to Buy Price Surging fast
Huge Gains Growing Revenues Stock Surging Suddenly to .05-1.0 share time to Buy Big hold shares smart investing
Smart investing bullish buying holding not selling knowing this will go up .01-1.0 share price $$$$
Multi-Million Dollar Company Growing revenues Undervalued Price headed UP pennyland to dollar land soon
Lets see where this is goes interesting
Yes Massively diluted huge massive selloff coming
$PGPM Undervalued Rising Huge Gains coming Smart investing time before it gets expensive
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM Smart money investing
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM Great Rising Stock Undervalued Rising fast higher
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM wallstreet top stock Pick
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM Top stock top rising fast low float https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM Undervalued hottest stock surging UP huge https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM High Rising fast fast low float https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM Bullish runner starting
$PGPM Price/Sales (ttm)30.87Price/Book 0.32 (mrq)
Pilgrim Petroleum Corporation, an oil and gas exploration and development (E&P) company, engages in the acquisition, development, and operation of oil and gas properties in the United States. The company primarily holds interests in the Barnett Shale formations located in the Fort Worth Basin, as well as in the properties located in the Bend Arch-Fort Worth Basin Province. It also provides well services to small and medium E&P companies. The company was formerly known as BNP Petroleum Corp. and changed its name to Pilgrim Petroleum Corporation in July 2005. Pilgrim Petroleum Corporation was incorporated in 1998 and is based in Addison, Texas.
https://finance.yahoo.com/quote/PGPM/key-statistics?ltr=1
$PGPM 2017 the company to have 800,000 barrels in oil reserves with net present value (NPV) of $7.5 million. On a net asset value per share basis, that works out to $0.03 per share. That’s approximately 2-3 times what shares of PGPM are trading at right now.
But there’s also the matter of what some stock analysts have referred to as the company’s “incredible hidden balance sheet.” Anytime someone mentions the word “hidden” and “balance sheet” in the same sentence, it’s time to take notice. (One stock analyst mentioned that the company’s financial information could only be found by digging around stock chatrooms).
As of March 31, it appears that the company has investments valued at $48.8 million, with just $7.2 million in liabilities. The company has suggested that the new reorganization plans would involve the settlement of those liabilities. In theory, at least, that would suggest that Pilgrim Petroleum is in good financial condition.
Going forward, there’s a lot to like about investing in undervalued oil & gas projects, especially at a time when the long-term price bias in the oil & gas industry seems to be upward. However, in the case of PGPM, it’s also a matter of “buyer beware.” Before climbing aboard the PGPM bandwagon, make sure you understand which assets the company owns, and how much they are really worth. And remember – shares haven’t budged above the $0.02 mark in 52 weeks, so there’s a real question of how much upside really exists with PGPM. For more news on PGPM and other fast-moving penny stocks, please subscribe to OracleDispatch.com below.
http://oracledispatch.com/2017/05/23/rapid-rise-pilgrim-petroleum-com-stk-usd1-otcmktspgpm/
PILGRIM PETROLEUM has been up meteoric 1,500% in a three-month period recently, and this could be attributed to the company’s various plans. Additionally, the company is looking to file disclosures on the OTC Markets, which make have boosted shares recently. Before we get into the company news, let’s first take a look at what the company does.
http://streetregister.com/2017/05/06/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-could-rise-due-to-these-developments/
PGPM total net asset value per share is $0.03.
800,000 barrels
Market price: $47.87 per barrel
Extraction costs: $2,000,000
Recovery rate: 20%
Incredible hidden balance sheet
The most amazing thing in this company is its balance sheet, which investors cannot find on Yahoo Finance, but in this recent document. As of March 31, 2017, the company has approximately $48.8 million in investments, while only showing approximately $7.2 million in total liabilities. Some other market participants noted this fact in financial forums. Have a look at this page in the finance forum of investorshub. Additionally, in the same report, it was noted that there are approximately 1,152 million shares outstanding. It means that the total net asset value per share is about $0.03. Let us remind the market price as of May 23, 2017: $0.014.
Recent Developments
On April 27, 2017, the company noted that it would start filing documents required by the OTC Markets, the OTC Markets, FINRA and SEC:
“Addison, Texas April 27, 2017 Pilgrim Petroleum Corporation (PGPM), an independent oil and gas company and parent of Pilgrim Petroleum PLC, is pleased to announce that the company will be filing initial Information Disclosure as Q1 2017 operations and proceed with reorganization plans including filing of all disclosures required by OTC Markets, FINRA and SEC.” Source
The most important information contained in this press release is that the company will start reorganization of the business. In our opinion, it was this fact what excited the market. The only way for companies to commence a turnaround is through the reorganization of the operations and the assets of the firms. Getting current on all filings will go a long way to restoring market confidence and expand the company’s shareholder base.
On May 10, 2017, the CEO put out a letter, wherein the company’s strategy was explained. We were glad to see that the company will be executing more or less the M&A plan that we had thought would best suit the company’s balance sheet:
“The board of directors believe the current transitional period in petroleum E&P provides exceptional opportunities to apply our M&A and operational expertise to acquire and operate quality assets at low prices. As we have done in the past, our focus on reserve value creation and asset divestiture to other entities who will pay premiums for reliable and optimized production, such as Master Limited Partnerships (MLPs).” Source
The market is anxious to see what M&A developments occur. This strategy will surely affect the share price in the future.
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
Pilgrim Petroleum Corp (PGPM) Needle Moving 32.04%
Pilgrim Petroleum Completes Acquisition of Controlling Interest Oil and Gas Assets
Overall, the bias in prices is: Upwards.
Short term: Prices
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 0.02.
http://www.livetradingnews.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-heffx-highlights-42861.html
The Rapid Rise of PILGRIM PETROLEUM COM STK USD1 (OTCMKTS:PGPM)
By Gene Daniel - May 23, 2017
PILGRIM PETROLEUM COM STK USD1 (OTCMKTS:PGPM) is the Texas oil stock that everyone’s talking about (at least around the OTC water-cooler). The good news is that PGPM has finally come up with a near-term strategic plan to develop its oil & gas projects in Texas. The bad news, though, is that the company seems to be using a lot of smoke and mirrors to obscure the fact that the company’s true valuation is murky at best.
The share price of PGPM is currently trading at $0.0148, giving the company a total market capitalization of $6.03 million. Over the most recent 52-week period, shares of the company have traded as low as $0.00 and as high as $0.02. On a YTD basis, shares of PGPM are up a 7475%. And over the most recent five-day period, shares have rocketed up 99.34%.
The basis for the move appears to be a press release the company sent out on April 27. PGPM management stated its intention to move forward with formal reorganization plans, including the filing of all disclosures required by the OTC, FINRA and SEC. Almost simultaneously, the company’s CEO sent out a letter to shareholders, letting them know the company’s future direction.
And here’s where things get a bit murky. The company explained that the petroleum exploration and production (E&P) market is currently in a transitional phase, and that it’s a ripe moment to move forward with M&A plans. PGPM said that it plans to “acquire and operate quality assets at low prices.” In other words, the company plans to hunt around for a few undervalued assets, apply a little restructuring magic, and sell them at a higher price once oil and gas prices begin to head upward.
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$PGPM 10-Day Chart Below:
That, in fact, is what the company has intended to do from the outset. The company was founded in 1998 to acquire controlling interests in oil & gas assets. Currently, the company owns approximately 100 wells in three Texas counties (Archer, Wichita, Wilbarger), all located in the northwestern part of the state. The plan now appears to be to increase existing oil & gas production by exploiting new technology to reach the maximum potential of these wells.
The company has specifically mentioned 3D, seismic and aeromagnetic surveying technology that might be used to find untapped reservoirs. For example, in Archer county, the company operates the City National Bank Discovery Well Project. The thinking now is that by drilling an extremely deep well (5,000 feet), it might be possible to tap into new oil & gas formations that have not yet been accessed.
Before trying to figure out the future potential value of those wells, it’s worth trying to figure out how much they’re worth right now – and that’s where things get very interesting. As of March 31, 2017 the company claimed to have 800,000 barrels in oil reserves with a net present value (NPV) of $7.5 million. On a net asset value per share basis, that works out to $0.03 per share. That’s approximately 2-3 times what shares of PGPM are trading at right now.
But there’s also the matter of what some stock analysts have referred to as the company’s “incredible hidden balance sheet.” Anytime someone mentions the word “hidden” and “balance sheet” in the same sentence, it’s time to take notice. (One stock analyst mentioned that the company’s financial information could only be found by digging around stock chatrooms).
As of March 31, it appears that the company has investments valued at $48.8 million, with just $7.2 million in liabilities. The company has suggested that the new reorganization plans would involve the settlement of those liabilities. In theory, at least, that would suggest that Pilgrim Petroleum is in good financial condition.
Going forward, there’s a lot to like about investing in undervalued oil & gas projects, especially at a time when the long-term price bias in the oil & gas industry seems to be upward. However, in the case of PGPM, it’s also a matter of “buyer beware.” Before climbing aboard the PGPM bandwagon, make sure you understand which assets the company owns, and how much they are really worth. And remember – shares haven’t budged above the $0.02 mark in 52 weeks, so there’s a real question of how much upside really exists with PGPM. For more news on PGPM and other fast-moving penny stocks, please subscribe to OracleDispatch.com below.
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http://oracledispatch.com/2017/05/23/rapid-rise-pilgrim-petroleum-com-stk-usd1-otcmktspgpm/
PILGRIM PETROLEUM COM STK USD1 (OTCMKTS:PGPM) Too Cheap To Ignore
By Jarrod Wesson / in Energy, Momentum & Growth, Momentum Stocks, Stocks / on Tuesday, 23 May 2017 12:27 PM / 1 Comment / 1666 views
PILGRIM PETROLEUM COM STK USD1 (OTCMKTS:PGPM), the oil and gas exploration-development (E&D) company, has recently drawn the attention of the market, as the company share price exploded up the charts on high volume.
What happened?
On April 27, 2017, the company released that it would proceed with its reorganization plans including filing of all disclosures required by OTC Markets, FINRA and SEC. Additionally, the CEO sent a letter to shareholders in May stating the company’s objectives for the future. We believe that both press releases were responsible for the share price jump, thus we will assess them in this article along with the financial condition of PGPM.
Have a look at the market reaction.
Source
Business
PGPM is a Delaware corporation, founded in 1998. Its business objective is the acquisition of working interests and oil and gas leases throughout the United States. The amount of assets and reserves is outstanding. This is the main reason behind writing this article. The amount of reserves as of March 31, 2017 is noted to have a NPV of $7,259,867. Here are some more numbers:
800,000 barrels
Market price: $47.87 per barrel
Extraction costs: $2,000,000
Recovery rate: 20%
Incredible hidden balance sheet
The most amazing thing in this company is its balance sheet, which investors cannot find on Yahoo Finance, but in this recent document. As of March 31, 2017, the company has approximately $48.8 million in investments, while only showing approximately $7.2 million in total liabilities. Some other market participants noted this fact in financial forums. Have a look at this page in the finance forum of investorshub. Additionally, in the same report, it was noted that there are approximately 1,152 million shares outstanding. It means that the total net asset value per share is about $0.03. Let us remind the market price as of May 23, 2017: $0.014.
Recent Developments
On April 27, 2017, the company noted that it would start filing documents required by the OTC Markets, the OTC Markets, FINRA and SEC:
“Addison, Texas April 27, 2017 Pilgrim Petroleum Corporation (PGPM), an independent oil and gas company and parent of Pilgrim Petroleum PLC, is pleased to announce that the company will be filing initial Information Disclosure as Q1 2017 operations and proceed with reorganization plans including filing of all disclosures required by OTC Markets, FINRA and SEC.” Source
The most important information contained in this press release is that the company will start reorganization of the business. In our opinion, it was this fact what excited the market. The only way for companies to commence a turnaround is through the reorganization of the operations and the assets of the firms. Getting current on all filings will go a long way to restoring market confidence and expand the company’s shareholder base.
On May 10, 2017, the CEO put out a letter, wherein the company’s strategy was explained. We were glad to see that the company will be executing more or less the M&A plan that we had thought would best suit the company’s balance sheet:
“The board of directors believe the current transitional period in petroleum E&P provides exceptional opportunities to apply our M&A and operational expertise to acquire and operate quality assets at low prices. As we have done in the past, our focus on reserve value creation and asset divestiture to other entities who will pay premiums for reliable and optimized production, such as Master Limited Partnerships (MLPs).” Source
The market is anxious to see what M&A developments occur. This strategy will surely affect the share price in the future.
Caveat Emptor
Image result for Caveat Emptor
Source
We could find, on the OTC Markets website of PGPM, that the company had been flagged with the “Caveat Emptor” sign. What does it mean? It means that market participants need “to exercise additional care and perform thorough due diligence before making an investment decision in that security“. This is most likely due to the company’s late filings. Once it becomes current again, we expect this warning to be removed.
Conclusion
Pilgrim Petroleum surprised the market recently by disclosing that it would file the necessary documents required by the OTC Markets, FINRA and SEC. In addition, the restructuring of the business was announced. In our opinion, this was the most substantial news to justify the recent share price jump. But, there is more; the market should have appreciated the new M&A strategy stated in a letter put out by the CEO. Additionally, a quick review of the balance sheet showed that the company has large amount of assets and the net asset value per share is much larger than the current share price. Overall, the company is heading in the right direction and with it, in our opinion, a much higher share price. We will be updating our subscribers as soon as we know more. For the latest updates on PGPM, sign up below!
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https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
Pilgrim Petroleum Corp (OTC:PGPM) seeks to create an exploration-led and sustainable cash generative oil and gas business
MAY 8TH, 2017 ADMIN NEWS / PRESS RELEASES 0 COMMENTS224
Pilgrim Petroleum Corp (OTC:PGPM) is an oil and gas exploration and development (E&D) company that was formed in an attempt to acquire, develop, and operate oil and gas properties with proven reserves in the United States. The company is currently focused in proven fields, which are currently being exploited by well-managed independent oil companies extracting reserves at lower risk and lower cost than unproved prospects. Additionally Pilgrim Petroleum provides services to third party operators and partners in the areas of Consulting, Development, Aviation Services, and Enhanced Oil Recovery. Pilgrim Petroleum Corporation’s parent is Pilgrim Petroleum PLC, which is a privately-held company, focused primarily in domestic and international areas, in which major oil and gas producing companies have reduced their exploration efforts in search of larger reserves.
OTCMarketsGain-1
Now, there are some potential developments in the company. PILGRIM PETROLEUM COM STK USD1 (OTC:PGPM) is looking to potentially increase its current oil and gas production by reworking existing new fields. That in mind, the company has already recently identified immediate zones for completion based on strong log data. The company is looking to focus on maximum development of existing fields in core areas, increase its probable and proven reserve estimates through acquisitions and developments of new properties. According to the company, it’s looking to “utilize innovative, cost-effective technologies such as pressure maintenance to enhance production as well as use modern technologies such as 3-D seismic and aeromagnetic surveying to reveal untapped reservoirs.”
In addition, Pilgrim Petroleum Corporation seeks to create an exploration-led and sustainable cash generative oil and gas business, potentially providing PGPM shareholders with exposure to material capital growth potential. Pilgrim Petroleum is also aiming to potentially create, add and realise value within a self funding business. To do so, the company would either either use its balance sheet cash or operating cash flow to fund exploration. Now, the company is focused primarily on identifying assets that are capable of providing significant and sustainable growth, capturing as high an equity position as possible in frontier areas, using our strong technical and commercial expertise and working with our partners to take our assets from discovery to development safely.
Now, the company’s current projects include: Northwest Texas Leasehold, Electra Rework Package, and City National Bank Discovery Well Package.
According to PGPM, “Pilgrim has acquired approximately 100 wells in Archer, Wichita and Wilbarger Counties, Northwest Texas, most of which had been shut-in in 2001 when the Railroad Commission of Texas changed the requirements for bonding operators in Texas. This has resulted in an exceptional program. Currently, Pilgrim Petroleum is concentrating its efforts in acquiring more prospects around the area and providing Industry services to small and medium E&P companies.” That said, PGPM’s projects could potentially be promising, which could help the company drive its revenues and earnings.
The company recently announced that it would be filing initial Information Disclosure as the first quarter of 2017 operations and the company proceed with reorganization plans including filing of all disclosures required by the Securities and Exchange Commission (SEC), FINRA and the OTC Markets.
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http://www.otcmarkets.net/news-press-releases/pilgrim-petroleum-corp-otcpgpm-seeks-to-create-an-exploration-led-and-sustainable-cash-generative-oil-and-gas-business/
$PGPM valued .04 Plus Higher with Huge Multiple Millions in assetshttps://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM smart money investing Valuation.04+ share price + over 45 million in assets
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
You're right DR $PennyStock $PGPM is just getting started to RunUP Huge $ PGPM is so Undervalued even under technicals when valuation is .04-.25 share price but this has the Higher Potential to be Top Runner in dollars per share company assets MULTI-MILLION & Rising higher with business Growth $$$
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
You're right!! $PGPM can run UP to dollars share price with Bullish Buying it's already valued higher .04 share valued Price going higher
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM over 46 millions in assets market price.04+ valuation price
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
$PGPM Undervalued Valuation .04 Plus higher Share Price & Rising Fast
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/
Great Post $ PGPM is ready to run UP faster Market Value is already over .04 share plus Rising higher soon
https://www.insiderfinancial.com/pilgrim-petroleum-com-stk-usd1-otcmktspgpm-too-cheap-to-ignore/123164/