Our New Pick: GBR
Alert Price: $2.04
Float: 1.8M
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Members,
We added a little more green to our December profit total today, and tomorrow we plan on adding a whole lot more.
In case you haven't been following, you should know that our last 8 picks have delivered an outstanding +841.49% in possible profit!
Our latest trade idea looks to become our 9th Big Winner in-a-row!
Immediately turn your attention to GBR (New Concept Energy Inc.).
GBR is perhaps our most reliable winner to date.
Here's a quick rundown of its past performances:
On March 9, 2015, we alerted GBR at $1.45 per share.
Just 10 days later, the company peaked at $2.85 per share for +96.55% in realistic profit!
We also alerted GBR on July 10, 2015...
This time, the company moved from $1.33 to $2.03 per share for a +52.63% gain!
But we can't forget GBR's most epic move of all....
The company delivered a whopping +682% in realistic profit on its way from our January 15th alert price of $0.78 to its 52-week high price of $6.10!
This was our biggest winner of 2016, and we've been keeping a close eye on it for sometime now.
We believe that GBR's next big move is about to take place, and we want everyone on board for the ride!
About the Company:
Founded in 1978, and focused on energy resource development since 2003, GBR (New Concept Energy Inc.) is a fully integrated producer of oil and gas that is traded on the NYSE MKT.
The company is focused on North American oil and gas drilling and exploration projects. New Concept Energy current properties are concentrated in the Appalachian Basin and Utica Basin.
Business development, finance, engineering and planning, land management, human resources, and technical support are coordinated through New Concept Energy headquarters in Dallas, Texas.
Currently Seeking Acquisition Prospects:
GBR is looking to acquire controlling interest in several projects that fit the following parameters:
A. Onshore and offshore projects with current production or shut in wells
B. Projects should be in the $10M to $30M range
C. Low to minimum risk exploration projects
GBR has not had the most impressive 2016, but we believe that this under performance has already been factored into its current share price.
Traders who grab up shares now could be rewarded handsomely by what many analysts are calling a rebound year for oil stocks.
Market Outlook:
Why 2017 Is the Year for Oil Stocks
The past two years have been brutally tough on the oil industry. Persistently weak oil prices and increasing uncertainty caused approximately 100 oil and gas producers to declare bankruptcy since the onset of the downturn. Meanwhile, most other producers cut costs to be bare bones, causing their output to drop.
However, prices seemed to bottom out in early 2016 Opens a New Window. and should be much more stable in 2017 Opens a New Window. as a result of two OPEC agreements to rebalance the market. That intervention, combined with falling costs and efficiency gains, means 2017 could be one of the best years to invest in oil stocks in quite some time.
At the end of November, OPEC members agreed to end their battle for market share and instead refocus their attention on supporting oil prices by agreeing to cut their combined output by 1.2 million barrels per day. A couple of weeks later, OPEC announced an agreement with 11 non-member nations who pledged to join it by reducing their production by 558,000 barrels per day for the next six months. The aim of these reductions is to start eliminating the glut of oil that has built up over the past two years due to persistent oversupply. If everything goes according to plan, these actions could drain 46% of the estimated 300 million barrel excess stockpile over the next six months. That would result in a more balanced oil market going forward, which could stabilize oil prices much higher.
While many market watchers have their doubts that OPEC will implement these agreements to the full extent, even partial compliance should help reduce the supply overhang quicker than relying on the natural decline of production due to underinvestment. That said, after two years of underinvestment, the market has gotten much closer to rebalancing on its own. According to data from oil-field service company Core Labs (NYSE: CLB), production in the U.S. has already fallen by 1.3 million barrels per day since peaking in March 2015. That decline, when combined with similar natural declines elsewhere, has global production on pace to slump 3.3% in 2016. Meanwhile, demand continues to march higher, which should lead to a much tighter oil market in 2017 even without OPEC. In fact, that outlook had Core Labs anticipating that a V-shaped recovery in the oil market was on the horizon well before OPEC stepped in to support prices.
Unless oil demand falls off a cliff, market fundamentals should be much better in 2017 than they were for most of the past year. This improvement alone should lift a weight that had been holding down oil stocks.
The Bottom Line:
Thanks to falling supplies, the oil market could quickly rebalance in 2017, which should stabilize prices, if not push them much higher. Meanwhile, dramatic cost reductions have oil producers positioned to grow at much lower prices going forward. Because of this combination, 2017 could be an excellent year for oil stocks.
With the entire oil sector on pace to get a nice lift in the near future, a Small Cap oil producer like GBR could offer traders the highest possible ROI with the least amount of downside risk.
Technical Analysis:
As we mentioned above, GBR has a well recorded history of showing traders some easy profit.
With its low float of just 1.8M, this stock is highly volatile in a good way.
The company is currently trading near the lower half of its 52-week price channel, and still has plenty of room to run to the upside.
If GBR were to make another epic run to $6.10, traders who grabbed up shares at our alert price would see returns of up to +199%.
This past +682pct winner looks ready to go viral into 2017!
We are urging all of our subscribers to add GBR to the top of their watchlist right now, and have it up on your trading screen this morning when the clock strikes 9:30am EST.
(*Remember to use a Stop-Loss Order or basic Limit Order to protect your gains, as well as limit possible losses.)
To learn more about GBR, please visit their website: www.NewConceptEnergy.com
Best Regards,
The PennyStock101 Team
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Disclaimer:
This newsletter is a paid advertisement, not a recommendation nor an offer to buy or sell securities. This newsletter is owned, operated and edited by MJ Capital, LLC. Any wording found in this e-mail or disclaimer referencing to “I” or “we” or “our” or “MJ Capital” refers to MJ Capital, LLC. Our business model is to be financially compensated to market and promote small public companies. By reading our newsletter and our website you agree to the terms of our disclaimer, which are subject to change at any time. We are not registered or licensed in any jurisdiction whatsoever to provide investing advice or anything of an advisory or consultancy nature, and are therefore are unqualified to give investment recommendations. Always do your own research and consult with a licensed investment professional before investing. This communication is never to be used as the basis of making investment decisions, and is for entertainment purposes only. At most, this communication should serve only as a starting point to do your own research and consult with a licensed professional regarding the companies profiled and discussed. Conduct your own research. Companies with low price per share are speculative and carry a high degree of risk, so only invest what you can afford to lose. By using our service you agree not to hold our site, its editor’s, owners, or staff liable for any damages, financial or otherwise, that may occur due to any action you may take based on the information contained within our newsletters or on our website.
