Universal Apparel and Textile Co. (DKGR)

[blowout]

Drakes Oil Property in PA has the Marcellus Shale deposit right there under all the oil wells, IMHO


As oil and gas drilling and production in the formation picks up speed, you can bet this stock will be in a prime spot to head higher

Just when you thought America’s shale oil and gas boom couldn’t get any bigger, the U.S. Geological Survey (USGS) estimates a newly-emerging shale play likely contains about 38 trillion cubic feet of undiscovered natural gas, 940 million barrels of oil, and nine million barrels of natural gas liquids like ethane and propane.

It’s called the Utica Shale formation.

And it could become the third-largest shale play in the United States.

Massive oil and gas development

Read more at http://www.stockhouse.com/columnists/2012/oct/19/utica-shale--get-ready-for-a-spout-of-potential-ga#T4YylwpsGkA7qJTw.99

From West Virginia to Virginia to Maryland to Pennsylvania to New York to Ohio, the USGS’ Utica Shale assessment spans a total of six states.

“Mad Money” host Jim Cramer will even be in Ohio today to discuss the emerging potential of it.

But what investors should know is that Cramer isn’t visiting Ohio randomly.

You see, if you’re familiar with the Marcellus Shale – the largest shale formation in the United States – you’ll notice the Utica Shale and Marcellus are located in roughly the same place.

That’s because the Utica Shale actually lies below the Marcellus Shale.

Bright spot below the surface

In Pennsylvania, for example, the Marcellus Shale lies about 5,000 feet below the Earth’s surface. The Utica Shale is at around 7,000 feet.

Read more at http://www.stockhouse.com/columnists/2012/oct/19/utica-shale--get-ready-for-a-spout-of-potential-ga#T4YylwpsGkA7qJTw.99