PENC.ob Testing $1.06
PENC.ob is testing the $1.06 level again in early trading and the stock has already traded more than 7K shares just 15 minutes into the day.Despite analyst concerns that decreased energy demand will hold down energy prices going forward, PENC.ob is such an emerging growth opportunity, that even if prices to continue to dip, we could still see some signficnat improvement out of the company both from an operational/financial and stock market perspective.
PENC.ob just recently acquired gas and oil producing wells in the U.S. and is poised to help decrease America's reliance on foreign oil if they can start mass producing. Again, if we can punch through recent resistance at $1.06, I think that's a very bullish sign of a run up at least to around $1.08 - $1.10.
Labels: OTCBB: PENC, PENC, PENC.ob, Pinnacle Energy, Pinnacle Energy Corp
posted by "Staff" at
7:06 AM
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