written by reader Dollar Stock Question

By gimpie317, October 23, 2013

Anyone know the name of the limited issue $1 stock drilling in the Transylvanian Basin that signed a agreement with a major oil company? Nine wells are planned with said ”major oil company” paying all the bills. A 200 – 300% increase in the unknown small $1 company is expected within 1-2 years. Any ideas folks?

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πŸ‘ 15851
april39
6 years ago

Try Seeking Alpha- Loads of drilling stocks. I bought 2000 PTAXF [U.S.] TODAY @$032 Not Drilling,but oil as well as Awilco @$20, a bit over $1 but P.E.< 5 20% DIV. Also bought 2000 IDST @ $0.045 1/3 OF e.p.s. and a nice business. Too wired for today but will hit those drilling stocks tomorrow. jla 1800 p.d.t.

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πŸ‘ 31
april39
6 years ago
Reply to  april39

So Sorry; paid $0.32/share for PTAXF,Too buzed over IDST!

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