Stock being pumped by pennystockpickalert.com
Greetings, Traders.
I hope everyone liked my last Company profile which witnessed several opportunities to increase their portfolio by:
(1) simply purchasing shares low and selling them high while the volume increased over three days
(2) playing the dips and bounces during these trading sessions which could have generated even higher double-digit returns.
Now on to my next Company which could have an even more explosive upside...
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There is something that is being covered by news stations more recently....
Over the past few weeks oil prices have escalated to their 2 year highs, mainly fueled by the turmoil in the Middle East.
And, this has not been the only factor in causing this surge in price….demand has also been continuously increasing.
In fact, this surge in demand has assisted in promptingprompted the OPEC countries to consider elevating their daily production levels.
As a result, today I would like to bring to everyone’s attention a company that has strong potential due to the new opportunity presented at hand.
However, you haven’t heard the best news yet…..
My new company is trading at SUB-PENNY levels. For many of my new traders out there, sub-penny stocks are known for often providing extraordinary gains in a short amount of time!
This factor combined with the fact that people are intently watching oil companies, an outstanding opportunity for traders to witness STRONG UPSIDE MOVEMENT could be immenent.
My New Sub-Penny High-Growth Oil Play is…
*** United States Oil & Gas Corp. (OTCBB: USOG) ***
USOG (United States Oil & Gas Corp.) is an oil and gas products, services and technology company focused on acquiring and growing domestic oil and gas companies.
To get to the point, I have detailed some bullet points that highlight the Company's business model:
Through its subsidiaries, USOG markets and distributes refined oil and gas (diesel, gasoline, propane, high octane racing fuels and lubricants) to wholesale and retail customers in the United States.
USOG targets small to mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place.
USOG recently acquired a patent for its revolutionary technology, which is aimed at acquire an increasing market share.
Top 3 Highlights for USOG's Patent
#1. This patent is a simple fiber optic seismometer for rugged environments.
#2. This technology may help reduce the cost of seismic sensor arrays having the fidelity and reliability necessary for permanent downhole and seafloor installations.
#3. This patent could make big oil techniques for oilfield production management and exploration available to middle market players.
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USOG’s Dynamic Growth Strategy
USOG’s strategy is a solid, highly focused plan that grows through the acquisition of existing businesses with strong revenues and market position and will continue to build on those companies’ strengths and makes it possible to meet the needs of shareholders, customers and employees.
USOG maintains a strong portfolio of subsidiaries while simultaneously conducting multiple acquisitions of new properties. USOG’s recent acquisitions include:
#1. Turnbull Oil
Turnbull sells and distributes refined oil and gas products such as diesel, gasoline, propane, and lubricants in the state of Kansas. Turnbull Oil was founded in 1965 and is managed by Jeff Turnbull who purchased the business from his father in 1991.
Turnbull has a bulk storage plant with the capacity to hold approximately 83,000 gallons of refined fuel (various types of diesel and gasoline) as well as 30,000 gallons of propane, a fleet of tankers, as well as office, storage, and maintenance facilities.
The acquisition included Turnbull’s subsidiary Basinger, Inc. which is located in Utica, Kansas, and has 30,000 gallon storage capacity for propane as well as over 300,000 gallons of storage available in portable tanks ranging in size from 100 gallon to 1,000 gallons.
#2. United Oil and Gas
Founded in 2003, United sells and distributes refined oil and gas products such as diesel, gasoline, propane, and lubricants in the state of North Dakota.
United owns over six acres of developable land located in Bottineau, North Dakota, along with multiple real estate.
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USOG's Top Achievements In 2010
#1. USOG signed an important contract for the supply of fuels to a private highway contractor. This may provide a foothold for future projects in what should be a trend in growing infrastructure spending.
#2. The United States Patent Office approval of USOG’s eco-friendly fiber optic motion sensor technology for exploration and drilling in rugged environments to be possibly developed or licensed.
#3. In the near future, USOG plans to move to a more senior national exchange like the NYSE for even greater recognition and capital raising opportunities. So, it has started with its completion of its Registration Statement with the SEC on Form 10 and subsequent quoting on the OTCQB which is for fully reporting companies.
#4. Renegotiation of debt owed for the acquisition of Turnbull Oil. This extended the maturity of the promissory note by an additional two years. The new term reflects USOG’s excellent working relationship with Mr. Turnbull and provides added flexibility to eliminate its capital obligations over time. USOG has in place a manageable schedule of financing that allows it to accomplish its objectives without undue time constraints.
#5. First full year of United Oil as a wholly owned subsidiary, as the acquisition became effective on January 1, 2010.
USGO is Setup to be a Solid Bounce Play
In the past few weeks we have noticed extreme consolidation but not on large volumes - which has brought USOG to its current levels. So, after looking at the chart and Level 2, I believe that this symbol is now at a bottom and setup for a big bounce to the upside.
So, since it is trading at its support levels, there is an increasing likelihood to witness an increase in market valuation.
Not to mention, the candlestick formation was a dragonfly doji... which is a reversal is signal. After a long downtrend, a dragon fly doji could signal a potential bullish reversal or bottom. And in this case, that could be amount to a bounce upwards based on increasing volume - resulting in a bullish move.
USOG currently trades at SUB-PENNY levels thus providing investors with a potential to witness extraordinary gains in the near term.
Based on both fundamental and technical reasons, there is a near term to midterm opportunity for shares of USOG and rebound to higher levels.
And, with the proposed tremendous increase in value of oil prices in the next few days, there is a strong likelihood that USOG could benefit with an uptick in value.
