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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.