Stock Alert for Minerco Resources Inc. (MINED)

Minerco Resources Inc. (OTCBB: MINED)

Minerco Resources Inc. (MINED) is an exploration-stage company. The Company is engaged in the acquisition of interests and leases in oil and natural gas properties. The Company is focused on building its business by acquiring royalties or other non-operated interests in productive or soon-to-be productive oil and natural gas projects, and acquiring operated interests (in which it participates in the development and operation) in development stage oil and gas properties to generate additional revenues. The Company owns a royalty interest through the PMD-Duke Pipeline operated by Plateau Mineral Development, LLC. During the fiscal year ended July 31, 2009, the Company had not generated revenue from its operations.

Source: Reuters.com, SEC Filings.

Financial Summary

MINED is a development stage company that has only recently begun operations. It has not generated any revenues from business activities, and does not expect to generate revenues for the foreseeable future. Since its inception, it has incurred operational losses, and has been issued a going concern opinion by its auditors. To finance operations, MINED has completed several rounds of financing and raised $90,514 through private placements of common stock.

The most advanced projects are at the exploration stage and there is no guarantee that any of the projects or properties in which MINED may acquire an interest will be successful. There is also no guarantee that any development stage oil and gas properties it acquires will contain commercially viable quantities of oil and gas. MINED plans to undertake exploration activities on any properties in which it acquires an interest, but further exploration beyond the scope of planned activities will be required before it makes a final evaluation regarding the economic feasibility of drilling on any of them. There is no assurance that further exploration will result in a final evaluation that commercially viable quantities of oil and gas exist on any of these properties.

MINED anticipates that it will require additional financing in order to complete its acquisition and exploration activities. It currently does not have sufficient financing to fully execute its business plan and there is no assurance that it will be able to obtain the necessary financing to so. Accordingly, there is uncertainty about the Company’s ability to continue to operate.

Source: Reuters.com, SEC Filings.

Analyst Consensus

No chart available.

Source: www.ft.com

No consensus analysis data available.

Source: http://www.reuters.com/finance/stocks/financialHighlights?symbol=MINED.OB

Investment Highlights

MINED, a progressive developer, producer and provider of clean, renewable energy solutions in Latin America, recently announced that V. Scott Vanis has been named president and CEO of the Company. Vanis was appointed as principal executive officer for the Company in April of 2010.

Formally classified as a Stage Oil & Gas Company, MINED now plans to focus on clean, renewable, alternative energy projects throughout Latin America.

The Company said Vanis is familiar with operating energy projects in Latin America and plans to lead MINED in becoming a significant provider of energy solutions throughout the region.

MINED said Vanis’s leadership, experience and substantial relationships in Latin America, as well as the emergence of an extremely favorable business climate for renewable energy projects, paired with the Company’s new business direction will have a significant and positive effect for the its future.

Based on this new vision, MINED is currently evaluating multiple clean energy projects in Latin America and is currently in negotiations to acquire a project in the country of Honduras.

Source: www.yahoo.com

Technical Analysis

Source: http://stockcharts.com

Insider Trading Activity

Source: Yahoo Finance

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