Replies to post #1225 on UnionTown Energy Inc.(fka UTOG)

[smallinvestor52]

Here are my thoughts, I got into this company with both feet. Before the so called investigation. UTOG was doing well for it self. that was before they hit oil. I am in an agreement with the group. this stock should do well. What you have to do is listen to what some are saying. then do your homework.

[Tinker2387]

welcome sir, here some quick history : UTOG's pps was near $2 from mid March to April, peaking at $2.6. During this time they were and still are, an exploration company with no income. It was during this time they were buying land in the upper midwest, to drill for oil (read the info on the UTOG board, that Mr Brando and Mr KLEE diligently put together, it contains info on all the properties). During this time they hired a Swiss research company, who forecasted this stock to hit $8 in a 12 month timeframe. I personally thought it was excessive then and considering we are on the grey sheets now, it seems a little outrageous. But since we have been on the greys, we have made steps toward oil production, the first well in New Miami is less than 90 days from production, with 16 more wells on that location to be drilled yet, taking about 120 days from drilling to production, and that is just one property!!! I'm no expert, but once we are back on the Pink Sheets all my homework shows $2 minimum. But my research is my research, yours may be different. Personally, at these prices I have been buying and holding, but again that is my opinion, don't depend on what I say to hold true, Im not an expert, but I hope this gives you an idea on UTOG. Welcome to the investing world and the best of luck to you!!!