Doral Energy (DEGY) is back in play at today’s $2.70 closing price, and I am projecting a major upward run – so make sure you own this stock now at current price levels. We began our post-reverse-split coverage of Doral in January of this year at the $2.50 range, and we’ve already had an initial 40% profit-taking opportunity at the $3.50 level in mid-March.

Now, Texas-based Doral Energy is closing in on the acquisition of two actively producing oil and gas corporations operating in Doral’s primary focus area – America’s mighty Permian Basin. In-house engineering estimates show that these two acquisitions will provide Doral with approximately 4 Million barrels of oil equivalent (BOE) of total proved reserves. The completion of this acquisition would move Doral immediately above 10 Million BOE of total proved reserves when combined with the company’s already estimated 6.1 Million BOE at its Eddy County Portfolio, Permian Basin, where current production exceeds 150 BOE per day. Keep buying DEGY up to $3.00.

<< 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.