New Trade Idea:
Viking Investments Group, Inc. (VKIN)
Current Price Per Share: $0.20
With 6 Winners In A Row Now It’s Time To Keep THIS MONEY TRAIN ROLLIN!
Tonight I’m bringing to your attention another potential great trading idea with ticker **VKIN**!
This company is trading near 52-week highs just like some of our other recent substantial winners and traders who start their research immediately could be next to profit from the current explosive momentum.
Undiscovered Oil & Gas plays like (VKIN) could potentially be extremely profitable for small and micro-cap traders this year.
Oil executives are already calling the year of 2017 the year to recovery for the Oil & Gas industry!
The World Bank already raised its 2017 forecast for Oil as well! Check it out here: http://www.worldbank.org/en/news/press-release/2016/10/20/world-bank-raises-2017-oil-price-forecast
The company has also been keeping investors and traders updated with numerous breaking corporate developments to date. This is definitely a company you will want sink your teeth into and start your research right away!
**VKIN** is a 20 Cent trade opportunity that could provide traders with solid gains tomorrow! This is based on the fact that it has been on an explosive uptrend since the end of January!
(VKIN) Has Already Proven It Is More Than Capable Of Giving Traders IMMENSE PROFITS In The Short-Term!
On January 26th (VKIN) went from a low of $0.14 And SOARED To A New High Of $0.2563… TODAY! That’s A Steady +83pct RUN UP In Just 15 Consecutive Trading Sessions!
Take A Look @ The Smoking Hot Chart For Yourself – Visit This Link: https://www.barchart.com/stocks/quotes/VKIN/technical-chart
Are You Seeing What I’m Seeing??
THE CHART IS ON A BULLISH RAMPAGE RIGHT NOW!
Momentum Has Been Clearly Building Day By Day And Has Shown Zero Signs Of Slowing Down Yet.
Investor Interest Just Started Picking Up Heavily Over Recent Trading Sessions & Traders Are Now Starting To Flock To Shares Of (VKIN). And Again… The Chart Proves It!
Start Your Research On **VKIN** Immediately!
The 9-Day RSI Just Crossed Into Bullish Territory @ 53! (VKIN) Is Now Poised To Continue Its Current MEGA Uptrend!
Did I Mention That (VKIN) Is Already Producing Revenues Within The Oil & Gas Sector? VKIN Has Trailing Twelve Months Revenues Of $263k!
Additional Short-Term Indicators:
Exponential Moving Average (EMA) Analysis: VERY BULLISH
Moving Average Convergence Divergence (MACD) Analysis: VERY BULLISH
Fibonacci Analysis: BULLISH
Low Analysis: VERY BULLISH
7 Day Average Directional Indicator: GREEN
20 Day Moving Average vs Price: GREEN
Always remember to do your own research and that I’m not a licensed financial advisor.
VKIN Business Overview
VKIN is an independent exploration and production company focused on the acquisition and development of oil and natural gas properties in North America. The company owns oil and gas leases in Alberta, Kansas and Missouri. The company’s interests in Kansas and Missouri cover over 6,000 acres of property. VKIN targets under-valued assets with realistic appreciation potential.
Viking is not an investment company, as defined by the Investment Company Act of 1940.
Company website: http://www.vikinginvestments.com
MEET THE CEO
James A. Doris
Chief Executive Officer, President and Director
Mr. Doris has been a member of the Board of Directors of the Company since June 28, 2014, and its President and CEO since December 12, 2014. Mr. Doris has owned his own law practice, known as DLO Lawyers (“DLO”), since 2006. DLO is a full-service law firm and represents domestic and foreign clients regarding their business and investment activities in Canada. Mr. Doris’ practice areas include Mergers and Acquisitions, Private Equity Investments, Joint Ventures, Corporate Finance, Corporate Governance, Dispute Resolution, Real Estate and Estates. Prior to starting his own firm, Mr. Doris served as Executive Vice President and In-House Counsel for PineLake Group, a real estate investment and development company in Toronto, Canada, and prior to working for PineLake, Mr. Doris was an associate lawyer at one of Canada’s leading business law firms. Mr. Doris graduated (cum laude) from the University of Ottawa in 2001 and was called to the Bar of Ontario in 2002.
Joint Venture with Tanager Energy, Inc.
Tanager Energy’s initial project incorporates the Leduc D-3 B Pinnacle Reef in Central Alberta, which is where the Joffre D-3 Oil Project is located (the “Joffre Project”). Viking owns a 50% working interest in the project, which consists of 4 oil wells and one water injection well.
These wells were previously suspended. After solidifying their joint venture with Tanager Energy, they mobilized the first well (initial production commenced on April 1, 2015) and intend to mobilize the remaining wells sequentially.
After 5 days of anticipated monitoring and operating facility adjustments, the first well produced, without a pump jack, at a rate of 118 barrels of oil per day of 38 API gravity crude oil and 250 mcf of natural gas, totaling 160 BOE/D. The well is a flowing oil well with a flowing wellhead pressure of 435 psi. Now that production has been confirmed and testing complete, Viking and Tanager are in the process of installing the pump jack on the first well.
Continue reading here: http://www.vikinginvestments.com/assets/alberta
Viking owns a working interest (NRI 80 to 87%) in four leases with access to the mineral rights (oil and gas) concerning approximately 281 acres of property in Miami and Franklin Counties in Eastern Kansas, including an undivided interest in all oil and gas wells, equipment, fixtures and other personal property located upon the leased properties and used in connection with oil and gas operations. Viking’s working interests in the leases range from 15% to 84%. This project produces oil from the Cherokee formation at a depth of approximately 600 feet. These leases offer the potential for several future drilling locations.
Viking also owns a 100% working interest (NRI 83%) in three oil and gas leases concerning approximately 270 acres of property in Miami and Franklin Counties in Eastern Kansas for future development purposes.
Viking owns a 100% working interest (approx. NRI 83%) in 31 leases with access to the mineral rights (oil and gas) concerning approximately 5,500 acres of property in Cass and Bates Counties in Missouri. These leases are within a prolific oil and gas region and offer the potential for hundreds of future drilling locations.
The Energy Industry is Presenting an Attractive Opportunity for Investors
Viking has solidified relationships with industry experts and formulated a responsible acquisition strategy, with emphasis on acquiring under-valued, producing properties from distressed vendors or those deemed as non-core assets by larger sector participants. They are not considering speculative exploration programs, but target properties with current production and untapped reserves for future upside.
Crude oil is one of the most demanded commodities with the International Monetary Fund projecting global growth in oil demand of 3.5% in 2015 and 3.7% in 2016. The demand for crude oil is dependent on global, economic and geopolitical conditions as well as market speculation.
For much of the past decade, oil prices have been high because of soaring oil consumption in countries like China and conflicts in key oil nations in the Middle East. Oil production in conventional fields could not keep up with demand, causing prices to spike.
As oil prices increased, many energy companies found it profitable to extract oil from difficult-to-drill places. In the United States, for example, companies began using techniques like fracking and horizontal drilling to extract oil from shale formations in North Dakota and Texas. In Canada, companies were heating Alberta’s oil sands with steam to extract usable crude oil. This led to a boom in “unconventional” oil production.
Over the past year demand for oil in places such as Europe, Asia and the U.S. tapered off, thanks to weakening economies and new efficiency measures. Unused oil was simply being stockpiled for future utilization. As a result, in the fall of 2014 prices started falling sharply, thus creating unique acquisition and investment opportunities as a result of certain companies needing to restructure (i.e. sell assets) and adjust to new economic models.
Viking is capitalizing on such opportunities.
Recent Breaking News
Viking Reaches Agreement to Drill New Oil Wells
NEW YORK, NY–(Marketwired – Feb 15, 2017) – Viking Investments Group, Inc. (“Viking”) ( OTC PINK : VKIN ) is pleased to announce its wholly-owned subsidiary, Mid-Con Petroleum, LLC (“Mid-Con”), has entered into an agreement to drill new wells on one of its existing oil leases in Eastern Kansas.
The agreement, effective December 30th, 2016, contemplates Mid-Con assigning a small portion (i.e. 2%) of its working interest in the ABC lease, located in Miami County, to an individual investor in exchange for the investor contributing capital to facilitate the drilling and completion of 6 to 7 new producing wells on the lease. Viking will retain a 93% working interest in the lease. The investor will receive one hundred percent of the tax credits available in connection with the drilling investment. The agreement is conditional upon approval of Mid-Con’s senior secured lender, CrossFirst Bank, releasing its security against the 2% working interest to be assigned to the investor. Funds to cover the associated costs (approx. $150,000) have already been deposited by the investor and will be released upon the assignment being approved by the bank.
Mid-Con’s operator, S & B Operating, LLC (“S&B”), will coordinate and supervise this development initiative. S&B is a subsidiary of Kansas Resource Development Company, and specializes in formulating and operating water-flood enhanced oil recovery programs. The ABC lease represents one of Mid-Con’s most prolific assets and these new wells are expected to significantly increase the company’s oil production from the lease in the near term. The wells will be drilled at a depth of approx. 350 feet targeting the Peru formation. Wells similar to those to be drilled on this lease have demonstrated the ability to produce for 20 – 30 years.
Start your research and due diligence on VKIN right now.
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Make sure to always do your own research and due diligence on any day and swing trade alert I bring to your attention. I am not a licensed financial advisor.