Watch List for Monday 3-24-2008
My new big pick is BBRE.
Keep in mind that last week was a short week and now that Spring Break is over for most people I believe big money will start to roll back into the markets.
I can't promise you that BBRE will run up as fast as FNAT did last week, which did 104% in 4 days before losing steam!!!
I do believe BBRE could follow in the steps of many other emerging oil companies that have done well in the small cap sector.
Here is a quick look at how other oil companies have done:
SCEY: $0.40 to $1.5
TNEN: $1 to $6
FXPE: $1 to $3
GGSIF: $1.5 to $3
Oil is still trading near historic highs, and we could see another rally any time. If you think oil prices are high now wait until Summer rolls around. The weather is already warming up and more people will be hitting the roads in the coming months. All these small oil companies that have producing well will benefit tremendously.
BBRE is going to be like an ATM machine.
BBRE just released a corporate update last week which stated that BBRE has signed a letter of Intent with OilTec LP in which BBRE would acquire a 40% working interest in OilTec's leasehold interest in the already producing Chevron Fee #3 well.
Per the LOI, BBRE would also acquire the right to purchase a 25% working interest in any subsequent wells drilled at the Chevron Fee property that are reworked and/or re-completed or re-entered for a pro rata share of cost.
BBRE has two main focuses, that is the continued development of joint venture properties in highly productive areas and the redevelopment of mature fields through the innovative use of technology.
Remember that there is rumors that other large sites will be doing alerts on BBRE later this week so make sure you add BBRE to your watch list. Always do your own research, start by visiting: http://www.boundarybayresources.com
Recent News:
Boundary Bay Resources, Inc. Corporate Update
PR Newswire(Tue, Mar 18)
Boundary Bay Resources, Inc. Signs Another Agreement, A Letter Of Intent To Purchase Another Producing Well
PR Newswire(Mon, Mar 17)
Boundary Bay Acquisition of Working Interest in Well Finalized
PR Newswire(Mon, Mar 3)
Boundary Bay signs definitive letter of intent, acquires working interest in producing well
PR Newswire(Fri, Feb 29)
$0.285 (03/24/08)
