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CONTRARIAN STRATEGY UPDATES - December 2, 2009
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Buy Force Energy Now at $0.30 Before Drilling Sends FORC over $1
I am the World Champion of identifying low-profile Oil & Gas stocks just before they launch into the profit-stratosphere – And now, I’m about to add to my winning streak, for the second time, on Force Energy (FORC). In early 2008, I first told you to buy FORC at $0.90 as I projected that the company would soon gain control of a prime petro-property with phenomenal oil and gas indicators. My projection became reality and those of you who followed my recommendation quickly became richer. The reactive buying of petroleum industry powers propelled FORC up to $2.93 per share.
During the long process of preliminary resource testing and planning an extensive drill campaign with a top-shelf exploration contractor, FORC has drifted down to $0.30. Now is the time to pounce back on this pending profit-stock because I see the share-price running back over $1 – driven by 2 new emerging forces:
1. I project that Force Energy’s recent engagement of the renowned Continental Production Company will prove to add at least 300% value to new, early-stage FORC shareholders.
2. I project that Force Energy’s upcoming drill plans at its Diamond Springs Prospect, sitting amidst the US Geological Survey’s estimated 2.4 trillion cubic feet of gas and 41 million barrels of oil, will attract even greater reactive buying from petroleum industry powers and send FORC well above $3.
Sell Doral Energy For Now and Put Proceeds into Shares of FORC
I issued my initial buy recommendation on Doral Energy in November 2008. Through a symbol change, and reverse and forward splits, the company logged a very respectable list of accomplishments in its first real 12 months of operation: Gross production of 46.2 thousand barrels of oil and 12.2 million cubic feet of natural gas – and net revenue of $1.83 million with an additional $900,000 on oil hedge settlements.
My two strategic reasons for recommending a sell on DRLY now at $0.30 and a buy on Force Energy (FORC), also at $0.30, are:
(1.) DRLY has recently been trading heavy daily volume while meeting downward resistance in the market, which is a very reliable Contrarian sell signal, and (2.) I project the upward action to be in FORC – currently our best speculative Oil & Gas stock. Although Doral Energy has excellent long-term development prospects, I’ll reevaluate DRLY’s market resistance situation in January.
Source Gold in Buy-Zone and the Hottest Gold Stock for early 2010
Our full report on Source Gold (SRGL) will be available by 14 December. Please forward your first-served request to info@ContrarianPress.com and you’ll see why we’re so enthusiastic about this junior gold stock’s profit-prospects over the next few months. << BACK TO HOME PAGE | ARCHIVES >>
This publication is based exclusively on information generally available to the public and does not contain any material, non-public information. Information is obtained from sources believed to be reliable, but the information cannot be guaranteed as to its accuracy or completeness. The author is not, and does not purport to be, a registered investment adviser and does not accept compensation from publicly traded companies in return for his commentary. The objective of this newsletter is to present Situational Analysis and to provide progressive implementation of the author’s proprietary Situational Strategy Templates. No statement or expression of opinion, or any other matter herein, directly or indirectly, shall be construed as an offer to sell or the solicitation of an offer to buy the securities mentioned. Readers should not view this publication as offering personalized investment advice, and must individually determine the suitability of investments discussed for inclusion in their own portfolio. Past performance does not guarantee future results. Reprints or redistribution of this copyrighted material is allowed only by written permission from the Nat-Con Publishing. To opt-out from receiving future publications, please click here. |
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