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Nervous markets await Nvidia(A Top Pick July 30/14. Down 82.7%.) Still believes in the company. The market has not been kind to it, but the energy price environment has been. When they first came out, they were having a tough time finding anything to buy because everything was so expensive, but now some of the companies are getting rid of their non-core areas and they have been able to make a couple of nice acquisitions. If you are patient, you should continue to do fairly well on this. Sold his holdings for tax reasons, but is looking to re-enter as some time.
An interesting company, but not one she has invested in because it doesn’t meet all the hallmarks that she looks for. She is keeping an eye on it though. Just acquired some new assets so they are going to be doing a bit of drilling and are expecting the results in September. If you own, hold your position until you see how this works out. Very strong board. Speculative.
Thinks this is a great environment for them. In a perfect environment, they would probably want commodity prices a little higher than where they are. Last summer they came out as a recapitalization, and have a solid, solid management team. The problem was, they couldn’t find anything to Buy, but now they have bought and are starting to drill out their properties and increasing production. They are going to have access to a lot of properties and projects, that they probably wouldn’t have had access to before. This is a great place to buy it, especially if you have an 18-24 month timeframe.
He is a large shareholder and will be joining their board in February. He is very optimistic about the company. They are producing around 3000 barrels of oil a day. It is well financed and has very little debt. It can operate in $50 oil and stay in business without any problem. They are going to be huge winners on the backside of this oil situation when the crisis is over.
One of the few oil companies he owns. This environment probably works in their favour, because they want to drill and make acquisitions. With energy prices where they are, service costs are going to come down and they will be able to drill more. With the cash flow, they are probably going to be able to make acquisitions. This is really a long term play.
Quite excited about what is going on. There are 2 different things to look at. Stock price has been under a lot of pressure because 1) low energy prices and 2) they did a recapitalization in the summer, which meant there were a lot of shareholders who had restricted stock, and that came free trading at the beginning of November. At the same time, the company has been working on acquisitions that they made, which will be closing probably later this week or early next. That will allow them to start building the company. They have no debt. This is a real bargain. You'll probably have to be patient.
Had recommended this a couple of months ago, and at that time they didn’t have much except for a management team. Have now made the acquisition that he had been looking for so now have production. With the technical and management team they have in place, he really likes this. They have oil coming out of the ground now as well as an inventory of drilling locations.
This is a recapitalization of an existing oil company. They had very little production and Elkwater did a capital raise where they put about $20 million into the shell. Now they will go out and look for properties to buy. Management team is All-Star all the way across the board. Just announced a Rights Offering where they would be giving out Rights to buy more shares to anyone who held the stock on a specific date. That pushed the stock all the way up to the $1.40 range. Once they had that, there was a lot of selling pressure and the stock settled back down. Expect a lot of news over the next 6 months. This is one that you Buy now and tuck it away for 3-4 years, and you will see multiples of what you invested today.
Striker Exploration Corp is a OTC stock, trading under the symbol SKX-X on the (). It is usually referred to as or SKX-X
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In the last year, there was no coverage of Striker Exploration Corp published on Stockchase.
On , Striker Exploration Corp (SKX-X) stock closed at a price of $.
Probably wouldn’t buy this at today’s price. The appeal of this company was that they struck a board of individuals that he had a lot of respect for. Their initial plan was to buy a bunch of Viking assets which he questioned, but they ended up switching strategies buying into the Belly River. Have had a real struggle raising capital all the way down.