Strategic Asset Leasing Inc (fka LEAS)

[getinlow]

This stock looks a gem. It looks a little overbought on fridays volume and may be due a correction or get the MM shankeout next week. Just hang on to those shares! The more stable the shares the quicker the upside potential.

I've been doing some DD on Bloomberg. *Structure may have changed by now!! I can't find any info that made this a dollar stock into sub pennies.


1) This stock was formerly known a Technigen Corp (July 2006).
http://news.manta.com/articles/description/2006090227000045-0304
2) In 1998 Ex president of Technigen and 5 others charged with price inflation. (Joe Overcash WAS NOT one of them!)
3) Company acquired 15% stake in 17 Oklahoma producing wells in Sep 2006.
4) Subsidiary Proterra has a 45% working interest in 2 wells. No1 Fred Haas well produces 60 barrels a day in Sep 2006. 1 Theckla Haas produces 20-40 barrels a day.
5) Subsidiary KMV Consulting has 75% interest in 15 Wells in OK. This could potentially net $4500 per day in Oct 2006.
6) Joe Overcash announces re-organisation by sale of prior assets leaving company free of majority of Debt. Also announced rights to drill 60 Wells in Oklahoma and reliable cash flow for next 5-10 years
7) May 2008. Negotiating the sale of interest in Talala Fields and explore other areas.