Great post Mr. M.!:"7 Reasons GCOG can break a nickel:
1) Location, Location, Location - To get a feel for the neighborhood, check out your neighbors. Where you find one well, you often find clusters. Gulf Coast Oil & Gas's Saratoga Prospect is located in the Sabine Parish in Louisiana and is surrounded by some of the most prodigious oil fields in the state, including the Many Field and Pendleton Bridge Field. To date, this region has produced 40 million barrels of oil and 56 billion cubic feet of gas.
2) Supply & Demand - Oil demand is expected to top 84 millions barrels a day this year, leading to fears that there is not enough of a supply cushion to cover the market for any prolonged period of time. A slowdown in global demand from the U.S, China and India is needed to put a lid on further oil spikes. But clearly, that's not going to happen.
3) N-OPEC - Many cling to the grim hopes that a simple increase in oil production from OPEC will ease the price of oil and gas. Unfortunately, OPEC's influence on the price of oil is waning. Prices continue to increase despite OPEC raised output; said one industry analyst, "It's clear that OPEC has lost control of prices in the near term."
4) Buy American - Many analysts say a wide range of factors beyond OPEC's control have contributed to the 60% surge in oil prices in the last year. For starters, economists failed to predicts last years surge of 3% in global demand for oil with half of that coming from China. Renewed risk in foreign oil producing countries like Russia, Nigeria, Saudi Arabia, Iraq, Iran and Venezuela have also taken a toll on market stability; cooling investors appetite for companies operating in these part of the world.
5) Two words: Summer & Winter - The recent spike in oil prices has been fed by fears that there will not be enough oil and gas to meet winter demand for heating oil as it pumps full tilt just to meet the summer needs. Think $125 per barrel is expensive; many experts believe that this summer will create wicked oil prices.
6) Diversified - You can't put all of your eggs in one well. And GCOG isn't. GCOG has a number of oil producing prospects in its drilling pipeline; including the North Champions Prospect in East Texas. But you have to start somewhere; and here's to hoping the Saratoga Prospect is the beginning of an incredible run.
7) MOMO :)
If GCOG performs anywhere near where it has the potential to, you'll be laughing all the way to the bank.
Fact: Oil recently hit a record high of $125+...and is expected to soar higher
Fact: Natural gas prices have approached record highs
Fact: New oil strikes in the U.S are becoming less common
Fact: Known natural gas reserves in the U.S will last for 8.5 years
Fact: The Saratoga Prospect IS PRODUCING
Fact: Analysts predict natural gas will be the fastest growing primary energy by 2025"
All SOLID POINT! GCOG IS IN THE "SWEET SPOT!"
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