Perkins Oil and Gas Inc (OTCMKTS: OOIL) has become one of the most talked about names on the OTC Markets. The stock has been on an amazing run, climbing from $0.50 a share to over $3 this year. The most remarkable part of this journey is that it’s come on the back of Perkins Oil and Gas releasing no news. Matter of fact, OTC Markets has the stock labeled as a shell. What could be moving OOIL up the charts?
Before we get into the stock activity, let’s take a look at Perkins Oil and Gas background. According to its company profile, Perkins Oil and Gas, Inc. is an oil and gas exploration and development company focused on US-soil projects. The Company intends to build a portfolio of oil and gas leases in up and coming areas which allow for low cost-per-acre acquisitions.
Prior to trading under the OOIL symbol, Perkins Oil and Gas traded as PEKN. Matter of fact, we here at Insider Financial covered the stock on a number of occasions. For those that are interested, you can take a look at our complete coverage here.
Back then, our subscribers made a great deal of money with the stock. Perkins Oil and Gas have a history of explosive moves.
Why the big moves?
There’s only one answer to why Perkins Oil and Gas moves – it’s a favorite of stock pumpers. The latest group to pump the stock with a series of promo emails is PennyPickRiches.com. Here is what one of their promo emails said:
I know you’ve been looking to invest in a stock that’s got crazy high upside potential and that’s why you signed up to my newsletter recently.
You may, however, be reading this with a certain level of skepticism right now, but I can assure you that by the time the market closes today you will feel enlightened and ask yourself why you didn’t sign up to this newsletter earlier.
That’s because the stock I am about to share with you will approximately double in the next few hours.
You don’t have to take my word for it. Just add it to your watchlist and see for yourself.
The name of the company is Perkins Oil and Gas and it trades under the symbol: OOIL
Before I tell you more about the company, let’s talk about what’s happening with oil.
As you know, since President Trump took office, he has been pushing for an agenda that prioritizes American companies over foreign companies and this is particularly true for oil companies.
A few weeks ago, the president said: “we have unleashed a revolution in American energy — the United States is now the No. 1 producer of oil and natural gas in the world. For the first time in 65 years, we are a net exporter of energy.”
While 2018 wasn’t the best year for energy prices, 2019 is proving to be a whole different story.
Literally just a few hours ago, it was announced that oil prices reached their highest so far for 2019 topping $68 per barrel which is something that hasn’t been seen in a while.
With oil prices at a year high and American energy companies falling into favor with investors, OOIL finds itself in the middle of the perfect storm that could allow early-comers to make a fortune in a very short period of time.
The biggest reason for that? OOIL is highly undervalued.
The stock price is trading at a 99% discount over its 2017 price of over $120 per share and it virtually has nowhere to go but up.
The next drill program the company runs could take the price back to those crazy highs if they hit oil or gas which I think is a very real possibility based on the government technical data that is disclosed for their properties.
OOIL owns a 160-acre lease in Colorado smack in the middle of the Niobrara formation which holds recoverable oil reserves of around 2 billion barrels and billions of cubic feet of natural gas.
OOIL also owns 640 acres in Wyoming in partnership with the State where billions of barrels of oil are located. Some of the notable wells in that immediate vicinity produce more than 1,000 bbls of oil per day at completion. This triangle area contains more than 54407543 barrels of liquified natural gas as well.
Last but not least, and in my opinion, the most promising tract, is an 80-acre property the company snapped up close to the Canadian border in North Dakota. This property is smaller than the rest, but it has the potential to produce millions of barrels of oil because of its perfect location right on top of the Bakken formation. The USGS projects that 7.4 billion barrels of undiscovered oil can be recovered from the Bakken and Three Forks formations and 6.7 trillion cubic feet of natural gas and 530 million barrels of natural gas liquids using current technology.
With a share price of just 65 cents right now, OOIL is the most undervalued energy play I have seen in the last year.
It is a monster-in-the-making and it shows all the classic signs of a stock that is about to break out.
I urge you to add OOIL to your watchlist even if you are not ready to buy it this morning.
I expect it to approximately double today and carry on to at least $5 per share before the end of April.
You have the opportunity to get in on the basement level right now and I suggest you tell all your friends about OOIL so they get the chance to buy in early if they choose to.
The most important thing you have to keep in mind is that the earlier you buy, the more upside you will have.
As far as today’s trading is concerned, what I will say is that I believe that OOIL is going to move up very quickly and you may get discouraged seeing it jump to $1 or even higher without being able to buy shares.
That’s why when/if this happens you need to think about what I am going to say next: OOIL is a good buy at any price under $1.50 today, so if you can grab it at any prices below $1.50, I suggest you make a move quickly.
If you don’t believe me, please feel free to sit on the sidelines and watch as OOIL continues to climb in price day after day.
Once you feel comfortable with the fact that OOIL is going on a massive multi-day bull run to $3 and beyond, please feel free to pick up some shares and share in the huge profits.
Currently trading with a market cap of $92 million, OOIL has been on a massive bull run thanks to promo emails. We urge our subscribers to trade with caution because once the promo dollars run dry, expect the inevitable dump. That dump will eventually come. When no one knows, but don’t say we didn’t warn you after it happens and you’re left holding the bag. Don’t become a bagholder!
We will be updating our subscribers as soon as we know more. For the latest updates on OOIL, sign up below!
Disclosure: We have no position in OOIL and have not been compensated for this article.