you are gonna be one upset panicked seller regretting you didnt wait till next week IMO.
just got a write up on this company
"
So go ahead and put UTOG on your stock screener now and get ready for Monday, because we are expecting one… BIG WEEK AHEAD!
Remember, just two weeks ago UTOG announced a private placement of 1 million shares at a price of $2.50 per share. Based on this, we feel confident in anticipating the stock will rebound at the very least to its recent high of $2.60 – and we believe this will happen fast as the market digests the very recent news and acquisitions.
In addition, UnionTown stated two weeks ago that it had a pipeline of potential acquisitions on the go, and last week it followed up by issuing announcements on two new oil and gas properties!
We firmly believe that UTOG is currently way undervalued given the expansion of its oil and gas resources. Look for early movers this week who accumulate the stock to be greatly rewarded!
Increased Share Price Projection
It's exciting to see this Montana oil-and-gas company moving forward aggressively with its growth plan.
One of its new acquisitions, the New Miami property in northern Montana, contains an estimated 2.4 million recoverable barrels of oil. Details on the second acquisition have yet to be released.
But if we focus just on New Miami and combine its 2.5 million barrels of recoverable oil with the 10.4 million barrels of recoverable oil previously announced for the Musselshell property, UnionTown is already sitting on 12.8 million barrels of oil!
At a conservative spot price of $100 per barrel, the company's valuation would be nearly $1.3 billion. Given that UTOG has only 214,500,000 shares outstanding, the company would appear to have a base share projection of more than $5.90 per share. That's more than 3 times the current share price of $1.68!
Sure this is not how share price is typically calculated, but it illustrates that UTOG is bargain priced at this level and likely to rocket substantially higher in the very near future.
Based on UnionTown's outstanding track record for communicating regularly with its shareholders, we're looking for the company to come out with more news next week about its 3rd property acquisition.
What we know to date about the acquisition, which was announced this past Friday, is that UnionTown has demonstrated its commitment by putting a down payment of $100,000 toward the purchase price.
The speed with which this up-and-coming oil and gas company is acquiring properties is noteworthy. It's moved on 3 deals in the space of only 6 weeks. This tells us that UnionTown has done its homework, knows what it wants and knows how to get it. The ability to move quickly to put a stake ground when acquisition opportunities arise has always been an important success factor in the oil and gas business"
looks like theres some stuff thats gonna be going down next week.
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