Fri, Apr 18, 2014, 1:16 PM EDT - U.S. Markets closed for Good Friday

Recent

% | $
Quotes you view appear here for quick access.

PDC Energy, Inc. Message Board

  • glw200081 glw200081 Dec 16, 2011 2:39 PM Flag

    Royl acqires 100,000 acres in Alaska oil shale

    Speculating On 4 Oil And Gas Stocks With Massive Upside Potential
    By Michael Williams/Investment Underground

    Royale Energy Inc

    Much like the real estate market, it’s “location, location, location” for successful oil and gas companies. This is definitely true for Royale Energy Inc. A steady producer who has realized an average annual growth of over 4% during the past five years, the company has picked up an amazing 100,000 acres of land during a recent lease sale on Alaska’s North Slope. A promising location for shale oil, this acquisition looks to be a prime target for repeatable drilling, lending to the belief that ROYL will enjoy a significant reserve growth for this property.

    Investors are seeing this great news and responding. Trading at less than $2 per share as recently as October, 2011, ROYL stock has raced back to $5 per share, with a one-year target of almost $15. Prices are likely to climb quickly as news starts coming from this acquisition in the “heart of the oil window” of Alaska’s North Slope.

 
PDCE
61.03-2.22(-3.51%)Apr 17 4:00 PMEDT

Trending Tickers

i
Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.
Weibo Corporation
NasdaqGSThu, Apr 17, 2014 4:00 PM EDT