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I am certain that this will be the week we achieve Market Cap of 1 million.
OMVS Up 65% over the last 3 sessions to close at .033. New CEO looking for reverse merger candidates. With 17,000,000 O/S this could easily reach .10
OMVS Up 65% over the last 3 sessions to close at .033. With O/S at 17,000,000 this could easily hit .10 with a good reverse merger candidate.
OMVS New CEO looking for Reverse Merger. With only 17,000,000 O/S shares we could see a 5 bagger when news is announced.
Agree M, with the expected news this week .10 will fall.
Steady up trend thru .05 by end of week.
OMVS probably the best play in the OTC this week.
CEGX and the Permian Basin:
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Now is the time to invest along the Permian Basin in Texas, oil analyst says
Lauren Thomas | @laurenthomasx3
Friday, 31 Mar 2017 | 3:15 PM ET
CNBC.com
90
SHARES
A worker prepares to lift drills by pulley to the main floor of a drilling rig in the Permian basin. E&P stocks to buy and sell: Analyst
Friday, 31 Mar 2017 | 2:34 PM ET | 03:02
The saying goes, everything's bigger in Texas — and this includes opportunities to invest in oil, according to one expert analyst.
Some of the best oil companies to consider investing in are based along the Permian Basin of West Texas, the largest U.S. oil patch, Seaport Global Securities Managing Director Mike Kelly told CNBC on Friday.
"It's simple economics. ... You are spending the least amount of capital [along the Permian], but here you get the most reserves on the ground," Kelly said on "Power Lunch." "Lower cost wins."
Along the Permian alone, the oil and gas industry poured more than $28 billion into land acquisitions in 2016, more than triple what was spent in 2015. These deals are setting the stage for much larger investments that will be needed to extract oil from the ground in coming quarters, many experts agree.
In a Thursday note to clients, Seaport wrote that: "Our oil macro review produced a surprisingly robust outlook. ... We think uninspiring [full-year 2017] guidance given on [fourth-quarter] conference calls is a case of massive industry wide sandbagging, which sets up a year of beat opportunities."
While the near-term environment for many oil names is strong, Kelly has warned investors that he remains relatively cautious with his long-term crude outlook, and says gas is looking "decisively worse."
Yet Kelly told CNBC on Friday he thinks the wild swing of crude prices lately has actually been "encouraging" for the industry and for many of the companies he follows. "In a $50 world, a lot of these guys make a good living. ... You don't need more than $50 for these things to work."
Oil prices fell Friday, ending a three-day rally and leading into what could be the oil market's worst quarter since 2015. Investors are worried that growing U.S. supplies are undermining OPEC-led production cuts. Oil settled the day at $50.60 per barrel, falling 5.8 percent.
For investors looking to put money into the space, Seaport's Kelly said he would recommend three Texas-based oil stocks: RSP Permian, Ring Energy and Callon Petroleum. Ring is a smaller company but one of the fastest growing small-cap stocks in the sector, Kelly said. And Houston-based Callon is one of the fastest growers overall along the Permian Basin, he added.
"We're back to backing the Permian wholeheartedly," Seaport wrote in its Thursday note to investors.
— Reuters contributed to this report.
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CEGX and the Permian Basin.
MAKE ITVIDEOSHOWSMORE
SUBSCRIBE ›PROLIVE TVWATCHLIST
OIL AND GAS
ENERGY OIL AND GAS UTILITIES RENEWABLE ENERGY
Now is the time to invest along the Permian Basin in Texas, oil analyst says
Lauren Thomas | @laurenthomasx3
Friday, 31 Mar 2017 | 3:15 PM ET
CNBC.com
90
SHARES
A worker prepares to lift drills by pulley to the main floor of a drilling rig in the Permian basin. E&P stocks to buy and sell: Analyst
Friday, 31 Mar 2017 | 2:34 PM ET | 03:02
The saying goes, everything's bigger in Texas — and this includes opportunities to invest in oil, according to one expert analyst.
Some of the best oil companies to consider investing in are based along the Permian Basin of West Texas, the largest U.S. oil patch, Seaport Global Securities Managing Director Mike Kelly told CNBC on Friday.
"It's simple economics. ... You are spending the least amount of capital [along the Permian], but here you get the most reserves on the ground," Kelly said on "Power Lunch." "Lower cost wins."
Along the Permian alone, the oil and gas industry poured more than $28 billion into land acquisitions in 2016, more than triple what was spent in 2015. These deals are setting the stage for much larger investments that will be needed to extract oil from the ground in coming quarters, many experts agree.
In a Thursday note to clients, Seaport wrote that: "Our oil macro review produced a surprisingly robust outlook. ... We think uninspiring [full-year 2017] guidance given on [fourth-quarter] conference calls is a case of massive industry wide sandbagging, which sets up a year of beat opportunities."
While the near-term environment for many oil names is strong, Kelly has warned investors that he remains relatively cautious with his long-term crude outlook, and says gas is looking "decisively worse."
Yet Kelly told CNBC on Friday he thinks the wild swing of crude prices lately has actually been "encouraging" for the industry and for many of the companies he follows. "In a $50 world, a lot of these guys make a good living. ... You don't need more than $50 for these things to work."
Oil prices fell Friday, ending a three-day rally and leading into what could be the oil market's worst quarter since 2015. Investors are worried that growing U.S. supplies are undermining OPEC-led production cuts. Oil settled the day at $50.60 per barrel, falling 5.8 percent.
For investors looking to put money into the space, Seaport's Kelly said he would recommend three Texas-based oil stocks: RSP Permian, Ring Energy and Callon Petroleum. Ring is a smaller company but one of the fastest growing small-cap stocks in the sector, Kelly said. And Houston-based Callon is one of the fastest growers overall along the Permian Basin, he added.
"We're back to backing the Permian wholeheartedly," Seaport wrote in its Thursday note to investors.
— Reuters contributed to this report.
I'd also like to thank jesse for his continued support.
CEGX has taken a while to unfold, but the pieces are finally starting to come together.
Agreed MONEY, with solid press release this week definitely possible.
Chart looks very healthy and intact for continued uptrend. Thanks Cheds.
OMVS Up 65% over the last 3 days. New CEO is looking for reverse merger candidates.
In the run that started on March 3 it took us 6 days to breach .05. This time we will go higher.
I think it's very likely we will be close to .05 by end of next week.
OMVS Up 65% over the last 3 days. New CEO looking for reverse merger candidates.
Great share structure, solid uptrend and forward looking events. What more can you ask for.
Agreed UF is the Man.
OMVS wide open for next week.
OMVS closing strong.
I'm with you UF. I will work the whole weekend.
Closing strong on a Friday is always comforting.
It does indeed. We got choppy yesterday at about the same time and closed at HOD.
Won't take much. Did you see how NITE moved out of the way at .03 to .0325 when the buy went thru at .0324.
100,000 shares will put us at HOD.
It seems like VFIN is trying to stay out of the way.
Yes my friend, I still think we close mid to high .03's
Well it looks like who ever wanted out got out. That was the biggest trading mistakes I have ever seen.
The lock up of shares is starting to be reflected in price movement.
Great advice UF, holding tight we can close this at .04
Agreed Penny, this is text book trading.
The strength in this stock is just amazing, virtually no selling at all.
There we go.
Hey M, What I said about VFIN was a joke. I'm sure he will move.
VFIN is here to help us maintain an orderly rise in share price.
That seems to be the pattern tw.
Everybody loves three's.
Looks like a few bought at .03. I know some of them were mine.
A lot of traders waiting for the .03 break.