tcptrace-bugs Before the Bell: (MXES) Oil Prices Soar.
From: "Savvy Investor Newsletter" <Communications@stockscan.prserv.net>
Subject: tcptrace-bugs Before the Bell: (MXES) Oil Prices Soar.
Date: Sat, 21 Feb 2004 18:24:42 01800
Special Edition of
The Savvy Investor
|Each month The Savvy Investor analysts study, research, and examine hundreds of stocks, in an effort to pinpoint the one with the most promise. |
This month's pick: Matrix Energy Services Corp
Trading Range: $.089
Opinion: Strong Buy
|In Related News:||
The exploration and production sector consistently outperforms the S&P 500
when the consensus forecast for crude oil and natural gas prices, in
particular, is rising.
Supply concerns hike oil prices. Energy group says OPEC's planned
output cut will keep supply tight. More...
For producers, it's a grand time because robust gas prices fatten their bottom line. More...
U.S. oil prices stuck above $35 a barrel. Soft dollar, tight gasoline forecast
support market More...
7500+ acres of core holdings with an additional 10,000 acres planned for acquisition.
$310+ Million in projected cash flow at current commodity prices from existing holdings.
Capacity to drill 75+ wells in the next 36 months.
Negotiations planned with a major energy capital lender to provide up to $30 million in financing.
An attractive return on investment with natural gas prices of $2.00, and an outstanding return at $3.00 Current prices are now
about $5.00+ Chart
|Matrix Energy Services Corporation is a North America energy resource company engaged in oil and gas development drilling and production using advanced exploration and recovery technologies on proven reserve fields.|
Matrix Energy focuses its exploration efforts on its significant holdings in Texas. It is redeveloping existing fields in and around Corsicana, Texas and other areas of the region where fields have been partially depleted by conventional production methods; but where significant, proven reserves of oil and gas still remain. These fields can become commercially viable and provide long-term revenue streams utilizing the latest technology
The Company currently leases 4,500 acres in Barnett Shale Play in Wise and Denton Counties in northeast central Texas. The leased acreage is located in the Texas Railroad Commission District 9, considered one of the largest gas reserves in North America, with an estimated 40 rigs currently deployed, and over 700 wells drilled the past twenty years without a dry hole.
In conclusion, a multitude of factors signal our positive outlook on MXES.
Natural gas producers are poised to reap windfall profits should prices
retain their strength. Furthermore, recent economic data confirms that the
global economic recovery is gaining momentum. Finally, the demand for
energy is increasing thus forming a solid foundation of price support.
energy prices translate directly into more profits for MXES, consequently
this company takes the spotlight for creating value. Remember, this
winter's price spike in natural gas positively impacted MXES's bottom
line. Energy analysts are expecting another price spike right around the
corner, just before the summer's driving season.
Change your email preferences
This archive was generated by hypermail 2.1.7
: 02/22/04 EST