New Century Energy Corp (NCRE)

[jaybird249]

Updated Top Reasons to buy NCEY:
NCEY is the most undervalued Oil play be EVERY metric:

RESERVES: $200 MM reserves at current market prices: Proved reserves as of December 31, 2007 are 1,613,000 barrels oil and 3.0 Million Mcf gas.

VALUATION: Oil and gas producers are typically valued around 2 X reserve value. THIS WOULD VALUE NCEY AT $400 MILLION OF NEARLY $8 PER SHARE.

PROFITABILITY: NCEY WILL BE PROFITABLE in Q2 2008 WITH OVER 750 BOE DAILY PRODUCTION (COMPANY WEBSITE). REVENUES WILL APPROACH $10 MILLION AT CURRENT OIL AND GAS PRICES OR $40 MILLION ANNUALLY. Thats some 700% HIGHER than small cap oil companies like PDO or ROYL with $125 - $150 MM market caps.

DISCOUNT TO SECTOR: NCEY has ONLY $25 MM market cap a HUGE discount to other mid size profitable oil and gas stocks.

SMALL FLOAT: 56 Million shares OS, with 43 Million owned by the CEO or institutions, leaving 13 Million "available" float.

NCEY is a LAGGARD in hottest sector, oil and gas. MOMENTUM players have sent stocks like PDO and MXC from single digits to $20 ++ NCEY is next IMO.

NCEY is one of the FASTEST GROWING LOW COST OIL PRODUCERS IN NORTH AMERICA.

In 2005 during the last sector boom, NCEY ran to $1.60 when it had MUCH lower sales and production.