BB's Stock Haven

[Red Hat Trader]

Major BUY alert for GMND...

I recently visited the Beach Haven terminal in Luzerne County, Pennsylvania on the way to Pittsburgh. There were two workers there. I asked one what they were doing. He said they were doing boring tests and also getting ready to install a water purification pit for the natural gas industry interest in this county.

This coincides with the 'frac' talk of various large natural gas companies in that area. These include Chesepeake Energy. The worker also said that executives and engineers from oil companies visited the site a few weeks ago.

As this site is on the Susquehanna river near Wilkes-Barre, I believe it is essentially located for use by major gas developers. The revenues could be enormous for the deal that the Beach Haven terminal has with GMND.

GMND has a low float of 40 million shares. The owner of this terminal is involved in the TB Pickens organization. The LA Times and CNN covered the news on November 11, 2011. I continue to recommend this as a major BUY as I see the stock going to .10 shortly on simply Tier upgrade and news releases. Then, with revenues I see the stock at .25 next summer.

greenbizness.com