Black Stallion Oil and Gas, Inc (OTCQB: BLKG) is in the process of making a significant move north on substantial interest since reversing off of its recent $0.80 lows. BLKG started trading back in mid June at $.80 and went on to make a big 200% run to $2.39 before losing 2/3 of its value in just 5 sessions. Over the past 6 sessions BLKG has been back on the move and is slowly approaching it's 52 week high of $2.39.
In September of 2013 we saw a name change from Secure It, Corp and 60 for 1 forward stock split. Since then BLKG has been groomed for a "Class A" stock promotion that has included non of the usual suspects. There is a landing page at wallstreetreport.org with a $10000 disclosed budget from Pansino Investment Ltd. The attention grabber reads; HOW ONE STOCK with a $2.1 BILLION Oil Prize could turn $10,000 into $140,000. The US Oil secret and how you can profit from it. The endorser on the page is a gentleman named "Chris Porter" (no picture). Whether Mr. Porter actually exists or not is a question in itself.
Black Stallion Oil and Gas, Inc (OTCQB: BLKG) represents itself as a Los Angeles, CA based energy exploration company with a focus on developing America’s abundant shale oil and gas resources. BLKG is currently focused on the emerging Alberta Basin Bakken in norhwest Montana, which lies due west of, and shares characteristics with, the prolific Williston Basin’s estimated 6.7 trillion cubic feet of recoverable natural gas and 7.5 billion barrels of recoverable oil.* Black Stallion has secured the right to acquire 50% ownership in the large 12,233-acre Woodrow Prospect in Teton county, northwest Montana, within the Alberta Basin Bakken fairway.
The company put out their quarterly report on August 19th. BLKG hasn't produced any revenues since it's inception. They have $239 in cash, which is currently less than I have in my wallet right now. They only have $7 thousand in total company assets and $20 thousand in total liabilities. Right now BLKG is running a $34 thousand in quarterly net loss.
We have a Monster Pick Coming. Subscribe Right Now!Currently trading at an $83 million market valuation, BLKG has little assets, no revenues to date and rising short term debt. The stock made tremendous gains for penny stock investors to a high of $2.39 before a big plummet. Currently BLKG is moving back up the charts while the $2.39 range represents the major resistance point. A break of those levels could be confirmation of another leg up. Someone likely has their hands on the majority of the 19,872,000 shares (as adjusted for the 60 for 1 forward split from 2013) acquired for just $49,680 by a group of Investors in September 2012 according to filings. Short term BLKG could be good for another nice run. long term the Company lacks fundamentals and will collapse from current levels. We will be updating on BLKG when more details emerge. Make sure you are subscribed to Insider Financial so you know the latest details regarding BLKG.
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