Some quick due diligence for County Line Energy Corp.
O/S: 59,800,354 shares A/S: 800,000,000 shares
Market tier: OTC Pink Current Market Capitalization: $1,136,207
This is one of the newsletters I got (at 4:19 PM CST) in my inbox:
PSP Free Members,
I've got a new oil/gas pick for us that is currently trading at only 2-cents that I believe could be on course for a major breakout tomorrow after late-breaking news just hit the wires!
As you know, our last oil/gas play gained roughly 42% from our initial alert, but this one I believe could be absolutely record breaking!
Why?
The company currently boasts more than 500 million plus of heavy oil reserves, which is an extremely impressive amount for a company who's market cap is so small, it currently stands at just over $1-million!
You heard me right! 500 million plus of heavy oil reserves, and only a $1-Million dollar market cap at its current price of .02 cents per share!
But even more importantly, the company just issued late-breaking news of a major acquisition: A 640-acre property adjacent to the northeast edge of the massive Provost Oil Pool in Alberta Canada!
The Provost field is a mature asset producing 55 Million cubic feet of gas and 2,450 barrels daily!
This company now owns a 100% Interest in its new 640-acre Gillespie Lake property northeast of the Provost field, which is a major acquisition for a company with such a small market cap.
I believe tomorrow we could see an enormous rally out of our new pick, so make sure you do your research as soon as possible and lets be ready for Wednesday's session!
-James
NEW PICK
County Line Energy Corp. CYLC
Currently Trading: $0.02
PSP Free Members, Our new oil pick is CYLC!
CYLC closed today at .02 per share but just after the close the company released aftermarket news regarding a major acquisition of an additional property adjacent to the northeast edge of the massive Provost Oil Pool near Coronation in east central Alberta, a mature asset that produces 55 million cubic ft. of gas and 2,450 barrels daily!
According to CYLC's website, the company now boasts 500 Million plus of heavy oil reserves, hardly insignificant for a junior exploration company with a tiny market cap of just over $1 Million.
Growth potential is always a principal factor in identifying opportunities in the energy sector. Remember our last energy pick jumped 43% in just one week and I believe CYLC is showing even greater potential and at a current price point of just .02 per share and strong technical support in the short term, we could be in for significant gains in the next few trading sessions!
Start your research immediately by reviewing CYLC's Corporate Website at as well as their latest filings and news at .
About County Line Energy Corp. County Line Energy Corp., an exploration stage company, primarily engages in the acquisition, exploration, and development of oil and gas properties. It focuses on various oil and gas projects located in Hayter region in the east central Alberta area. The company is based in Toronto, Canada.
Breaking News: County Line Energy Corp. Announces Acquisition of Gillespie Lake Property
County Line Energy Corp. announced the acquisition of the Gillespie Lake Property. This prospect consists of a 640-acre parcel of land adjacent to the north east edge of the massive Provost Oil Pool near Coronation, in east central Alberta.
The Provost field is a mature asset producing 55 million cubic ft. of gas and 2,450 barrels daily. Though well developed with intensive infrastructure, Provost remains in a primary phase of oil production and will remain so for the foreseeable future.
The Gillespie Lake property directly offsets the Provost "SPRK POOL". Production is derived from both the Dina sand and Sparky sandstone in the region.
The property was purchased from Paladin Resources Ltd of Calgary, Alberta. County Line purchased a 100% interest (excepting a Crown Royalty and a 4% GORR)
A comparable seismic model is available for comparison from an existing producing well in the area. The company will review the similarities with existing seismic information from the Gillespie Lake property
Management is very familiar with this area and comments, " We will pursue the perforation of our existing well in the Hayter field giving us initial production as part of this renewed exploration program"
County Line Energy Corp. Retains Premier Investor Relations Firm, Capitol Financial Media County Line Energy Corp. is pleased to announce it has secured the services of Capitol Financial Media for Investor Relations. The investor relations firm will assist in a host of services including, but not limited to shareholder communications and collateral materials and corporate social responsibility.
"We are very happy with our decision to secure Capitol Financial Media as part of our team," states CYLC President, Harry Bygdnes. "This is a top shelf firm, whose overall skill sets are a perfect match for our company and its long term goals. We are now confident that we can focus on executing our business plan while a professional team works to administer our Investor Relations as part of a well-oiled machine with a strong focus on both the company and its stock."
Industry News: The world still consumes more oil than it produces with the 2011 EIA data shows the world's oil consumption at 87,421,000 barrels per day while it produces 87,085,000 barrels per day.
According to energyandcapital.com, Six of the top ten oil-producing countries are now also on the list of top oil-consuming countries?
But here's the thing: Their rate of consumption is growing much faster than production growth, especially in Saudi Arabia and Brazil. I wouldn't be surprised if Mexico made the top consumers list some year soon as well.
When these countries had smaller populations and economies, they didn't need as much oil. Now that they're growing, they need more of their oil for themselves. And that means less oil available for the global market -- and for importers like the U.S. and China. Prices have to rise.
CYLC Technical Indicators: Closing in the last session at just .02 per share, CYLC could be in for a major breakout very soon and at current levels could prove to be very undervalued given its considerable upside potential in the short term.
With a "BUY" rating from Barchart.com, the 7 Day Average Direction Indicator shows positive directional movement, and the 8-10 Day Moving Average Hilo Channel shows the last two consecutive bars trading completely outside and above the channel triggering a "BUY" action.
The 20 Day Moving Average vs. Price chart shows price has moved above the moving average generating a bullish signal in the short term and the 20-50 Day MACD Oscillator, which shows the MACD rising above the signal line also generating a bullish signal.
CYLC looks like it is setting up for a major breakout in the coming sessions, with the technical postures showing bullish trends in the near term. With this late-breaking news I expect we could see a major run on CYLC over next few days!
CYLC has significant production potential now strengthened by its recent acquisition of the Gillespie Lake Property, and at the current price point of just.02 cents, CYLC appears very undervalued at these levels and could be in for significant gains given its disproportionately large oil reserves as compared to its relatively small marketcap!
Do your research on CYLC as soon as possible and lets be ready for Wednesday as I expect we could see a major move out of CYLC!
Happy Trading,
-James
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