The $1.00 Oil And Gas Stock? Headed For $5.00 A Share?
New York, N.Y. - Jan 7, 2004 (PRN):
So many times, so many people say, "Why do I have to pay so much for oil and gas stocks, such huge prices for Chevron/Texaco stock? for Conoco/Phillips stock? for Exxon Mobil stock? Where are the gains and future stock splits in such behemoths? How can an investor take advantage with so many shares in the marketplace and little room for stock splits?
Now, north of the border in Bristish Columbia, there is a new undiscovered oil and gas company, International PetroReal Oil Corp., stock symbol-IOC-on the TSE Venture Exchange, you can buy for under $1.00/share, which is building a very strong reputation for buying established oil and gas assets with revenue and cash flow in the UNITED STATES, thus avoiding the downside of wildcatting for oil and gas, only to find nothing but dirt. Another strong advantage to investing in IOC is stability and freedom from unstable governments as is so often the case in overseas oil where terrorism and government upheavals can deal very severe blows to cutting off supplies.
Investors wonder how you can get a double when the stock is already at $90/share, like many major oils. It is much easier when the stock is a new undiscovered oil and gas company with proven reserves and positive cash flow trading at about $1.00/share and watching it go to $2.00/share to $3.00/share, to as high as $5.00/share and potentially higher because of net cash flow projected at US$0.60 per share this year, making this a strong $5.00 stock. Please check out http://www.petroreal.com.
Buying low and selling high is a proven way to make money. With IOC selling at only about one times cash flow in U.S. dollars, the company makes an ideal investment not only for Canadian stock investors, but it also plans an additional listing this year, hopefully on the American Stock Exchange in the UNITED STATES, thus, giving the company two very strong shareholder bases. Additionally: the company's reserves will produce for 15 years and production is scheduled to double over the coming 12 months.
PetroReal is on the move, acquiring proven oil and gas reserves with revenues and cash flow in the UNITED STATES. As we all know, these gems are available because the majors need huge properties to support their big expenses. This makes good properties for oil and gas companies like PetroReal with their tremendously talented and very experienced team of oil and gas executives who research and seek out assets that do not fit for the majors, but assets that are very lucrative for a growing company like IOC.
I believe a TARGET PRICE of $3.00 to $5.00 per share is a very real possibility in the short-intermediate term based upon IOC's operating fundamentals. The company has enormous value.
This stock is listed on the Toronto Venture Exchange(TSX) under the stock symbol-IOC.
If you are looking for value in the stock market, you should check out this new oil and gas company and watch their growth over the next several months. It is an undiscovered gem. We checked it out, we own it. Please check out: http://www.petroreal.com.
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