Stock Ideas 
Stock Ideas Wall Street Stock Ideas MGRA could be a monster if oil hits $100
Stock Ideas Wall Street Stock Ideas MGRA could be a monster if oil hits $100 
Market Watch
|
Rice Exports Vietnam’s rice industry came out of nowhere. The Economist has a neat article titled, “From Basket Case to Rice Basket” that you might find interesting. I highlight it now because it’s exactly what I found on my trip to Vietnam. |
|
| More... |
Most Popular
Login Form
| MGRA could be a monster if oil hits $100 |
| Thursday, 04 October 2007 | ||||||||
MGRA's current price makes 100-300% gains very possible in the near future. There is even a price target out from July from Market Advisors that puts MGRA at $0.58. This would mean a gain of 2800% from it's current price!!
As you may know, I just came back from a trip to China. Seeing the growth in China first hand will amaze you. There is construction taking place everywhere!! China is now the second largest consumer of oil behind the United States, and the demand for oil keeps going up. Let me tell you why MGRA is trading so low right now. Over the last few months MGRA has been in negotiation to acquire leases in Corsicana, Texas. While the company was in talks, the price slipped to a low. MGRA has finished up the negotiations and announced the acquisition of mineral right to a lease in Coricana, Texas. This lease includes two workover wells which allows MGRA to start producing oil quickly. Billy King, President and CEO of MGRA, stated, "Our Workover Program is progressing ahead of schedule with the addition of these two wells and closing on a multiple of others in the near future the goal of fifty by years end is closer to reality." The Company is currently assessing more then 25 wells in the Corsicana area. MGRA's initial goals are 10,000 barrels of oil per month. With oil prices continuing to push new highs and MGRA trading at a low, I believe MGRA could be a huge oil play. Check out this chart on oil: It's clear that oil is going higher!!! Time of momentous change almost always translates somehow into glorious investment opportunities. Led by China (population 1.4 billion), the Third World’s appetite for petroleum is increasing at a furious rate, and as consumerism reaches full frenzy around the globe, that increase is likely to go exponential.
Not much further out from here, by the year 2010, demand could be as high as 95 million barrels, which could push up the price even more as oil producers scramble to feed ever busier gas pumps around the globe. Along with this increase in price and demand will come a serious strain on the traditional system of supply. Even if it opens all its faucets, the 12-nation cartel known as OPEC has less oil to spare than many think. If you look closely at this MGRA chart: You will see that the volume on MGRA is starting to pick up and the price is starting to move up. I believe the turn around has just begun. The best part is that MGRA is down so much it has a longs ways go to back so the potential gains could be astronomical. Do your own research and read up on the company at: Source : HotOtc Also Read
|
||||||||
| < Prev | Next > |
|---|