USEG, GBR, MXCI would MPET to the list. They have news coming.
GBR is up 7% premarket. Clearly the run has begun.
I should have mentioned GBR has only 2 million shares, much fewer than ROYL. Don't buy 100,000 shares because you will own 5% of the company and will have to file with the SEC.
USEG drills with BEXP in the Bakken shale in North Dakota. USEG is a great buy and hold. They are participating in over a dozen more Bakken wells this year.GBR's properties are in Ohio and West Virginia. Ohio and the Utica shale is where CHK announced their new 1 million acre oil play a few days ago. I don't know if GBR's properties are in the Utica Shale. I only know they are trading for less than half of book value and CHK just leased 1 million acres in Southern Ohio near West Virginia.
Thanks for the GBR tip. I just picked up a couple of thousand shares.Turns out the book value is over $9 per share and the stock is trading for $4.Apparently they own 19,000 net acres in West Virginia and Ohio where CHK has been very active. Could be some Utica shale and Marcellus shale on their land.
Is GBR in the same area as BEXP or is that the Ford Eagle shale?