88 Energy Strikes Oil EEENF Stock News Penny Stock EEENF Strikes Oil











>> YOUR LINK HERE: ___ http://youtube.com/watch?v=aLEriSxDIek

My Links for More $$$ • 💸 FABRIC for Wills, 529 Plans, and Life Insurance: https://imp.i200065.net/9WWbX5 • 💸 Lower Your Bills and SAVE MONEY with BillShark: https://imp.i139049.net/qnnygL • 💸 How I invest in Real Estate with little money: https://fundrise.sjv.io/MXXDKM • 💸 Protect Your Assets and Identity! https://identityguard.y8uw.net/WDDKLM • 💸 “Stock Whispers” https://t.me/SWReferralBot?start=invf... • 💸 My Savings Account - Yotta Savings Account! Use code Adam94 for free tickets! • ⌨️ Subscribe to my Patreon   / adambrokemanfinance   • ⌨️ Broke Man Finance Discord:   / discord   • My “Best-Sellers” • 🕮 “Tactical Reload” Book Audio Book https://amzn.to/39ZIhTs • 🕮 “Typo: What the Media Gets Right About Policing” Book Only https://amzn.to/39f2vcQ • Disclaimer: None of the information in this video should be • considered as advice. This video was made for entertainment • purposes only. • There is one ticker symbol that continues popping up more and more in my comments to check out. It was actually #2 in the video I made regarding the most talked about penny stocks on reddit. People freaking love this stock, and I’m still not clear why there is so much conviction about it but there are always rocket emojis next to it, so you know it’s serious. The company I am talking about is 88 Energy, ticker symbol EEENF. In this video we are going to talk about who they are, recent news, and if it’s a YOLO or a no no. • Make sure to hit that subscribe button so we can continue bringing you videos and information we think brings you value. While you’re at it, check out the links in the description for the financial tools I use on the daily that helps me make and save money. • • 88 Energy is an Alaskan oil driller that operates 200,000 net acres at Project Icewine and 195,000 net acres at Project Peregrine, both targeting oil on the world class North Slope of Alaska. It was said that these pieces of land potentially held 50 billion barrels of oil. • The company says its goal is to build a successful exploration and production company that delivers material benefits to its shareholders and contributes to the development of the regions in which it works. • Going into March, there were several optimistic updates that sent that share price up. • There was news that the company had located hydrocarbon-bearing zones during drilling at Merlin-1 sent the 88 Energy share price soaring. • A second well at Project Peregrine — Harrier-1 — is scheduled to be drilled some time next year. 88 Energy says that it is targeting gross mean prospective resource of 417m barrels here. • the acquisition of the Umiat oil field was another big catalyst. The CEO even called it “the acquisition of the proven oil field at Umiat is a significant milestone for the company and its shareholders” • and If we take a look at that balance sheet, their total assets are 85.36m as of last year and their total liabilities as of last year were around 26.45 million. That’s more than 3x what they have in debt. Now, assuming they don’t add any more debt that is a good number. There were a lot of things pointing to a positive 2021. • Now, the play here was if they make a discovery, people believed that the share price could get as high as $6. And with all the buzz surrounding the company, a lot of people were feeling good about the company finally striking oil. $6 is the number still floating around. Even the very conservative numbers have it at .60 which would still 30x your money from here. • However, a few days ago, the share priced dropped from 8 cent to under 2 cents. The reason, there was a power outage from equipment failure and the exploration had to be halted and prevented the company from sampling its two highest-prospect zones. Investors read that the well had to be plugged and reacted. Meaning, if a well is plugged, it’s dry. If an oil well is dry that means there’s no oil, if there’s no oil, there’s no revenue. If there is no revenue, • This created a 65% drop in a day. That shows you how volatile this stock is. 65% drop off with the first sign of bad news. Which it wasn’t that the well was dry, they just plugged it, with the intentions of re-entering it later. It was a mechanical issue. But, investors don’t care, we want to see oil! • Kevin Frank, a geologist and section chief of the state Division of Oil and Gas, even mentioned that the problem 88 energy ran into with their equipment is a common problem in the environment in which they are working in, and made the correct decision to not attempt to go back into the well and risk more equipment malfunctions. • Granted I don’t know that much about the oil and drilling industry, but I do know they aren’t producing or creating a product, and their success is completely dependent on them finding oil. • And that’s exactly what 88 Energies did. EEENF found oil. Watch out for this share price to jump. • #eeenf #pennystocks #pennystockstobuy

#############################









Content Report
Youtor.org / Youtor.org Torrents YT video Downloader © 2024

created by www.mixer.tube