As I have been telling you for weeks "First and foremost" "Stay the course" Fundamentals work in hot markets sectors.I assure you Oil & Gas stocks will be running in a hot sector again and in the short haul. And now hear this, "Powder River Petroleum International (OTCBB:PWDR) purchased an additional Texas "Oil" Project. Approximately 1780 acres in a prolific oil and gas producing field with multiple pay zones in Baylor County, Texas. I spoke with the CEO and have been advised that the projects nine shut in wells and three injection wells are predominantly Oil.The reserve study currently indicates that proven uncertified and undiscounted estimated to be worth approx 14 Million Dollars in black gold, Texas Tea Revenue. But wait there is more! The Company is in negotiations to acquire an additional 2 other fields in Baylor County. PWDR will be sending their new owned drilling Texoma Oilfield Services Inc out to Baylor County immediately. Baylor County Texas has a long history of being rich with Oil, in fact 57,407,711 barrels had been taken from Baylor County lands since discovery in 1924. So just how many barrels do these shut in wells hold? At $100 a barrel or more. Sellers beware, the Market Makers will decide when to pull the trigger and run this long and depressed Oil and Gas sector to highs we have not seen in many years. The Market Makers are a greedy bunch and play a very nasty game of dirty pool and poker. They encourage selling so that they can leave you in the dust and buy your shares cheap. This is a perfect market for Oil & Gas stocks to make a run for higher ground and when it starts there will be no stopping, not for the long term for patient investor who buys low and sells high.
Have a good night
Regards
Steve Weiss Publisher The EricDavid Newsletter www.ericdavid.com steveweiss@ericdavid.com 609-529-3671 DO NOT REPLY TO THIS EMAIL