New Trade Idea:
Viking Investments Group, Inc. (VKIN)
Today’s Trading Range: $0.213-$0.2563
VKIN is off to a great start this morning!
VKIN is currently in the green and trading @ strong support levels!
As investor interest increases; Shares of (VKIN) Could Potentially Be Looking At New Higher Highs As Today’s Trading Session Progresses!
Get Ticker **VKIN** Front & Center On Your Trading Screen Now And Start Your Research.
Day traders have already witnessed multiple swing trading opportunities this morning and we are only 30 minutes into the day.
And oh yeah… (VKIN) just announced a NEW GROUNDBREAKING Corporate Development this morning!
Check it out immediately below:
Viking’s ABC Lease Has Produced Almost 1mm Barrels of Oil
NEW YORK, NY–(Marketwired – Feb 16, 2017) – Viking Investments Group, Inc. (“Viking”) ( OTC PINK : VKIN ): As announced on February 15, 2017, Viking’s wholly-owned subsidiary, Mid-Con Petroleum, LLC (“Mid-Con”), has entered into an agreement to drill 6 to 7 new producing wells on its ABC Lease located in Miami County in Eastern Kansas. The agreement is subject to approval from CrossFirst Bank.
The ABC Lease, in which Mid-Con acquired a 95% working interest on October 4th, 2016, is a prolific oil lease in the region. Prior to Mid-Con’s acquisition, engineering estimates indicated approximately 913,675 barrels of oil had been produced from this lease as of April 1, 2016, and remaining PDP and PUD reserves were 73,825 stb and 91,200 stb, respectively. Wells on the lease are approx. 350 feet deep and target the Peru formation. Wells in the area similar to those on this lease have demonstrated the ability to produce for 20 – 30 years.
Make sure to add ticker (VKIN) to the very top of your watch-list for the remainder of today’s trading session!
I will continue to monitor VKIN closely and will update you immediately if further breakouts ensue.
Full initial profile below:
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.