Here's a recommendation from JR Budke an online newsletter/evaluation/recommendation....lot's of good information. He also sends out periodic updates. The link below is to his website....the paste below that is mosty recent email update about the company.
Exterra Energy, Inc. (EENR) (Oil & Gas) (news) $0.13
Exterra Energy, INC (EENR) (52 week range 0.13 - 1.50), now at $0.13. EENR is our newest "Featured" Spotlight stock, and also, our newest addition to the "Stocks in the Spotlight".
Exterra Energy first started trading as a new public company in January of this year, but it also started out as a "public company with a book value", something so rare it only happens a few times every thousand years.
EENR's already producing oil & gas, with over 50 wells in Texas and the promise of growth. EENR is one of the strongest investments I have seen in many years. Seldom do we have an opportunity to get in at the low, under "book value", in a young company like EENR, at a price better than those that have traded before us.
A young growing company in the economically hot "oil & gas" industry with a "book value" of about 0.34. I don't know of a better bet in these economically troubled times. This is a stock we should buy and hold for the longer term, with an opportunity to make the big bucks.
Don't miss out here. EENR, a "new to the public" company, with a low float, any strong news, of which I am expecting soon, creates a strong opportunity for higher ground ahead, quickly. Financials are expected soon and I am looking for something greater than $30,000,000 in recoverable reserves, or over a dollar a share in reserves. Recoverable reserves has to do with oil & gas that is known to be under the EENR properties.
I am also expecting news soon, on a couple of drilling programs, that could cover as many as 20 wells, with additional programs to follow.
Exterra Energy is made for this current market. We need to find a quality low-priced stock with some meat on the bones. Trading at the new all-time low, with a strong future and assets that make anything under a buck a good bet.
From 0.13 to 0.39, is a 200% move, and this should be a "piece of cake" for an oil & gas stock trading under "book value", and one that has already traded as high as $1.50.
A stock made for this market. Buy here and buy now!
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