by Travis Johnson, Stock Gumshoe | April 8, 2011 4:24 pm
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I recall the Petro-Matad (PRTDF) story more than a year ago, when the company started test drilling in Mongolia, on large land tracts supposedly having billions of barrels of untapped oil reserves.. The stock price was around .70cents-.80 cents a share.. It was being hyped up to death, and when the first test sample came back showing , I think they called it petroleum presence, the cheap stock started to take off. to the tune of $1-$2.80 a share. And like all hyped up discoveries, they soon fade away. The stock price today is #3.56, so I guess there is something worth while in the ground.
Hello Travis,
I seem to notice all the big plays from the Pro Recommenders are energy and mineral related.
I’ve been watching and doing some diligence on a stock in the tech sector that seems to be in line for some huge gains.
Could you please have a look see and give us an opinion. I like to think it could benefit us all, but I’m not the shoe that you are.
The stock is VHC VirnetX Holding Co., it’s about doubled recently and the run up could just as quickly be followed by the dump.
Thanks for the help.
Dave
Hi there Travis,
Re: DMLP I have held a fairly large position since 10/2008 and will take a look at MNAP. Regarding other possible energy plays here are a couple that I think are worth a gander — END which I have held for a while, GST which is another Nat Gas & Oil play, MMR which I think is an excellent one. I have held the latter since 10/09 and recently added to my position on 3/11/11.
all my best,
/* Phil */
thanks for the story in ill aussie stock as ive jumped in and it has done me very nicely.this is the pick & shovel QLDS minning one….how about putting a aussie stock in your portfolio so we know that your waving the flag down here travis…