This is from Stone Fox Capital in June:
Stone Fox Capital
Long/short equity, growth at reasonable price, research analyst,
deep value.
Virtus Oil And Gas Provides Intriguing Opportunity
Jun. 24, 2014 11:35 AM ET |
About: Virtus Oil and Gas Corp. (VOIL)
Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The information contained herein is for informational purposes only. Nothing in this article should be taken as a solicitation to purchase or sell securities. Before buying or selling any stock you should do your own research and reach your own conclusion or consult a financial advisor. Investing includes risks, including loss of principal. (More...)
Summary
High price of oil makes oil exploration an attractive investment.
Virtus Oil and Gas has attractive leases with a large resource potential, but investors face significant risks.
Company has a concise business plan with a high return outcome fraught with risks.
Although investors have abandoned most natural resources, oil continues to hold above $100 per barrel making oil exploration one of the strongest businesses in the natural resource space. The public markets are characterized by most oil exploration stocks trading at multi-year highs and trading with valuations in the billions. One company in Utah provides an intriguing opportunity for natural resource investors looking for a high risk, high return scenario.
Virtus Oil and Gas (OTCQB:VOIL) is a U.S. oil and gas exploration company that launched in October 2013. The company is planning to drill a 12,000-foot test well in central Utah by September 2015 at an estimated cost of$2.5 million. It hopes to discover oil in the Central Utah Thrust Belt Region for Salt Lake City refineries and/or gas for Southern California.
