Hello Traders,
Good evening and be prepared for it to get a lot better! My earlier play from Monday hit a high today of $.0085 doubling our alert price of $.0041!! Now I have an incredible Oil & Gas Play that needs your full attention!!
INCT is my new pick for Thursday, the stock closed at $.085 up over 20% on the day. The chart has incredible bullish pattern over the past month and it appears that INCT could be on the verge of a Major Potential BREAKOUT!!
About INCT- Innocent Inc.
Innocent Inc. (OTCQB: INCT) is a development stage oil and gas exploration and production company focused on developing properties in North America. Innocent Inc. plans to minimize the risk of exploration through development of proved petroleum reserves, and expects to maximize profit through strategic acquisition and liquidation of selected oil and gas properties. Through improvements in oil and gas production technologies, we seek to rapidly increase production levels and generate predictable, sustainable value. Adhering to our narrow, clearly defined strategy, the company is focused on 100% acquisitions and joint-ventures to maximize their production capacity.
The current float of INCT is just over 8MM shares with a market cap of $1.7MM. Oil deals are always on high alert on wall street and at a price of $.085 INCT could be just what investors are looking for.
Market Outlook
America has been closing in on Russia since 2008 thanks to a boom in both oil and gas production, primarily on private lands. This year it’s on track to out-produce it by a substantial margin. Saudi Arabia is third overall and remains the world’s largest oil producer—though the United States may be on track to take that title as well.
“This is a remarkable turn of events,” the head of the EIA told the Wall Street Journal. “This is a new era of thinking about market conditions, and opportunities created by these conditions, that you wouldn’t in a million years have dreamed about.”
The US is poised to produce more oil than Saudi Arabia while cutting carbon emissions by 17 percent by 2020
The United States tiptoed closer to energy independence last month when — for the first time in nearly two decades — it produced more crude oil than it imported, federal officials said Wednesday.
The nation has been moving toward this milestone, because two trends are converging. Domestic oil production is at a 24-year high while foreign oil imports are at a 17-year low. The result: production exceeded net imports for the first time since February 1995, although the nation still imports 35% of the petroleum it uses.
Production has been booming partly because of hydraulic fracturing or fracking, which extracts oil by blasting water mixed with sand and chemicals underground to break apart shale rock. Meanwhile, consumption has been falling as high gasoline prices have reduced how much people drive and more efficient cars and buildings have also lowered energy use.
The White House sought to take partial credit for this "transformation," noting President Obama's near-doubling of fuel-efficiency standards for new cars and light trucks by model year 2025. Spokesman Jay Carney said this fuel-efficiency standard has lowered both energy use and carbon pollution.
This is a booming industry with extensive room for growth potential and INCT could be at the forefront!
INCT has been showing an extremely bullish trend recently and could be ready for a HUGE Breakout in the upcoming trading session! Take a look at the chart below:
With a low float, small market cap and a PPS of just $.085 INCT has enormous profit potential. My last 2 plays have had incredible results so make sure you start your research now on INCT and get ready for tomorrow’s trading session!!
PennyStockPickAlert has agreed to be compensated seven thousand five hundred dollars for a one day public awareness marketing campaign for INCT by a third party non affiliate
