Monday, May 19, 2014 2:00:01 PM
Not surprising you have encountered others. The hype for NORX was that it plugged into the Bakken oil story. It's an ongoing big US oil story- drilling, and production in the Bakkens, not to mention the Permian fracking in Texas. The hook was that somehow NORX bid and obtained a lease for peanuts, overlooked, by the main oil players for the last 20 yrs. What's the probability an area in the State of Montana would just be overlooked? Or the only interested party in a finite resource (land) would be a microcap company?
At least Landry got the State correct. I'm following another stock a gold company that suddenly decided to become a Bakken oil company (with no prior oil experience), bought a lease in Utah. Where their lease is for "oil shale" or heavy waxy oil, not "shale oil" or Bakken sweet. Never mind Utah is not considered to be part of the Bakken oil fields. Imagine that a Bakken oil company with a lease which has nothing to do with Bakken oil. Doesn't matter the word "Bakken" is magic in the microcap scam market.
The moral of the story is that if you want to invest in a Bakken oil stock, go to the NYSE and find one. Else one gets to play the "game" of wild speculation in the microcaps, and try to time a flip trade. Then it doesn't matter if it's a Bakken, Gold, Green Energy, or Pot stock. Any fad microcap stock will do.
The Jewel of the Mind is Colored with the Hue of what it Imagines
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