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James Stafford

James Stafford

James Stafford is the Editor of Oilprice.com

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A Counterintuitive Stock Pick in the Mississippi Lime

We try to be counterintuitive when we look for tips for our Premium readers. We try to think outside the box. With that in mind, this week we have a company for you that you might not have thought of, but it’s got some massive acreage in the Mississippi Lime in Kansas, and we think it’s sitting nicely for a cash injection that would fund some ambitious drilling.

Petro River Oil Corp. (PTRC:OTCBB) could very quickly go from being something small and easily dismissed, to something very large.

While the company’s stocks aren’t trading much right now due to a reverse merger that was just completed, over the past year, its stocks have seen some impressive performance. In 12 months, the stocks went from under $0.03 per share to $0.33.

What we’re eyeing here is the potential of Petro River’s 100,000 acres in the Mississippi Lime. This is a lot of acreage for such a small company, and that’s why we think it’s positioned for a sweet joint venture deal that would provide the cash necessary for drilling.

The key fundamentals aren’t good right now, but we think that’s about to change.

•    Stocks were trading at $0.22 (close, 7 June), with a 52-week high of $0.56
•    Market Capitalization: $147.5 million
•    Shares Outstanding: 737.3 million
•    Revenue $6.2k
•   …

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