PENC May be Headed for New Highs
PENC.ob: I Was Close!
 I was pretty darn close. PENC.ob hit $1.19 on Thursday before settling down a hair to close at $1.18.
My hopes of $1.20 were dashed, but just barely. Either way PENC.ob made a nice bounce from its recent low of $.97 on Tuesday.
While I'd normally be a little more concerned that volume has been trending down despite share price rising, it's looking pretty thin at current levels, which leads me to believe that there aren't too many sellers in this range. Boy, could we use some news here.
The CEO hitting on a scratch ticket could be enough at this point, for crying out loud. OK, OK, I'm being facetious, but I still like the chances of PENC.ob going a bit higher today after making higher highs in each of the past 4 trading sessions.
With oil still struggling at best, I can't look too far into the future here. However, if PENC.ob doesn't retrace early and begins trading like it did just a few days ago, volume wise, I like our chances of closing the week in the $1.23 - $1.25 range for a pretty solid 30% or so gain from the recent low print of $.97. Even at today's close, we're still up more than 20% from there. Not bad gains for a week in which the sky has been falling. 
Labels: OTCBB: PENC, PENC, PENC.ob, Pinnacle Energy Corp
PENC.ob Breaks Through Resistance at $1.06, Reaches Daily High of $1.15. Look out Tomorrow!
 As I had hoped early on this morning, PENC.ob finally broke through resistance at 1.06 and blasted through the $1.08 - $1.10 range to a closing print of $1.15.
My estimate that it would have taken between 50K to 100K share volume to get there was just about right.
PENC.ob traded more than 50K shares today and appreciated significantly from yesterday's closing price of $.97.
We saw some very bullish momentum in PENC.ob today, with the stock gaining 15% on fairly thin volume. The ask looked firm towards the end of the day at $1.15, so I'm looking for a move higher once trading commences on Thursday. It doesn't look like too many sellers are present at $1.15. So, I like the chance of PENC.ob reaching $1.20 or higher tomorrow. Labels: OTCBB: PENC, PENC, PENC.ob, Pinnacle Energy, Pinnacle Energy Corp
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
PENC.ob Showing Promise For Wednesday Trading. A Move Past $1.05 Would Be A Very Bullish Sign
 PENC.ob stormed out of the gates on Tuesday morning moving up quickly from its opening price of $.97 to an intra-day high of $1.06.
After that, the stock continued to dip minutely and then rise back up to test the $1.05 level a few times but just couldn't seem to break through. When all was said and done, PENC.ob ended up closing green at $1.045 for gains of 7.7%.
If PENC.ob pushes off the blocks on Wednesday as it did the day before, the stock should finally bust through $1.05 and then $1.06, which would be a very bullish indication of what's in store for the rest of the trading session. I can then see PENC.ob charging up even higher into the $1.08 - $1.10 range if the aforementioned resistance levels are broken and we see volume at least in the 50K to 100K range.
However, if PENC.ob happens to begin slipping back into sub-dollar range as it has the past 4 trading sessions, you may want to rethink your strategy here as the stock has not wanted to go lower than $.94 recently and move that far south could spell a loss for many. You can get back in on the way up if this unfortunately happens to be the case, but it doesn't seem like many people are in here under $.94. Good luck everybody.
Labels: OTCBB: PENC, PENC, PENC.ob, Pinnacle Energy, Pinnacle Energy Corp
PENC.ob Dips Minutely as Dow Plunges
 I was quite optimistic that Pinnacle Energy Corp. (PENC.ob) would fight the tide of negative macro-economical trends today and test the $1.10 level after hitting an intra-day high of $1.08 early on in trading. Unfortunately, that's as high as we went before bottoming out at $.97.
A 3% dip isn't too bad given the fact that the DOW dropped nearly 800 points today - it's biggest 1-day nosedive ever - and also that oil had one of its worst days ever.
I'll be watching PENC.ob closely at market open tomorrow because despite the stock's 6 consecutive red closes, volume has been heating up.
Labels: OTCBB: PENC, PENC, PENC.ob, Pinnacle Energy, Pinnacle Energy Corp
PENC.ob Up Despite Tobogganing Oil Prices
 Despite oil prices tobogganing towards $100 per barrel this morning and U.S. fuel demand being at a 5-yr. low, Pinnacle Energy Corporation (PENC.ob) is up nearly 10%, or $.08 in early trading. (5-day chart to right)
3-day volume was up more than 45% at the end of last week and the stock has already traded 11,800 shares this morning. If PENC.ob can break the $1.10 level in early trading, we could see a move back into the $1.20 range, short term.
With the market reacting negatively to the U.S. government's proposed $700 billion rescue plan and most of my portfolio in the red thus far today, I'll be watching PENC.ob by the minute, despite the fact that oil industry is taking a digger this morning.
Labels: $700 billion rescue plan, Crude Oil, Oil Prices, PENC, PENC.ob, Pinnacle Energy, Pinnacle Energy Corp
Cash In On High Oil Prices
 After months and months of higher oil and gas prices dominating the headlines, we decided we had better profile an up-and-coming small cap energy company for our subscribers.
We have located them! Pinnacle Energy Corporation (OTCBB: PENC) initially caught our attention when its stock gained nearly 74% on volume of more than 6,000,000 shares in just two trading sessions the end of August beginning of September. The stock hit a high of $1.40 and has settled back into and traded in the $1.17 - 1.31 range.
What we like about PENC is the fact that after such an explosive run ($0.70 to $1.40), NOT ONLY has the stock has been able to hold the high majority of its gains, it appears poised for another run!
Essential Data
Ticker: PENC
Price: $1.21
52 Week Range: $.70 - $1.40
Market Cap: 19.98m
Shares Out: 15.86m
Short Term Target: $2.50 - $3.00
PENC: Junior Oil & Gas Exploration Co.
 The junior oil & gas exploration company's current portfolio is highlighted by:
1. A nearly 45% working interest and 35.6% net revenue interest in a 40 acre oil & gas lease located in Lincoln County, Oklahoma that was producing roughly 30 MCF of gas per day for Pinnacle as of August 31, 2008; and
2. Working interests in 6 oil & gas wells located in Pawnee County, Oklahoma. According to the company's CEO, the property is a winner. In a press release dated 8/29/08, Nolan Weir stated that "Current production and reserve reports suggest that the Glencoe field in Pawnee County, Oklahoma has excellent long-term development potential, We look forward to developing the field to its fullest potential in the very near future."
With natural gas currently fetching approximately $7.65 per MCF and oil roughly $92 per barrel; Pinnacle is building assets in a red hot market, despite the fact that oil prices have been dipping as of late. The company is now pursuing financing that will facilitate its acquisition of additional energy-related properties and posses current assets capable of generating approximately $839,135 in revenues after one full year of operations at current levels.
All things considered, we are compelled by Pinnacle's business plan and will continue to bring you updates on the company.
Sapphire Energy Attracts Bill Gate's $$
In the private sector, Sapphire Energy has developed a very innovative clean crude oil formulation derived from a combination of CO2, sunlight, algae, non-arable land and non-potable water. In this day and age, companies like Sapphire offer a very attractive value proposition to consumers and fuel producers worldwide: Fuel from waste and infinitely available natural resources.
Sapphire Energy has been soliciting funds from private investors with great success over the past several months and hit the jackpot recently when it learned that Bill Gate's Investment Firm - Cascades Investments LLC will join their already elite group of investors.The company has been able to raise more than $100 million to date, providing them with the necessary financial resources to move forward with plans to construct a 10,000-barrel-a-day algae-derived oil facility.
Sapphire Energy is eager to get under way and confident that they have the solution for tomorrow, today. On a very positive note, the byproduct from Sapphire's process is ASTM compliant and does not require the use of food crops or agriculture land, which has been a key area of debate for the energy industry as of late. Lastly, the renewable green fuel formulation is carbon neutral and can potentially help eliminate our country's dependence on foreign fuel. Sounds like a winner to me!
Although Sapphire Energy is not publicly traded, the company has a lot to offer the world as we persevere through hard economic times and the hunt goes on for an environmental friendly solution to our mounting energy crisis. We'll be watching the company closely going forward as their future technological advances will surely impact the public marketplace in some capacity.
Bill Gates Goes For Algae, Invests in Biofuel Maker Sapphire Energy
Sapphire Energy will be on our radar as the company pushes forward with plans to revolutionize the energy sector.
We rarely make such bold statements as the following -
PENC is a company that we STRONGLY suggest adding to the speculative portion of your portfolio. It is very liquid with its impressive daily volume, has huge potential to expand its current energy-related property portfolio and appears ready for another burst which we believe to be into the $2.50 - $3.00 range in a matter of months if not weeks. Labels: Cascade Investments, OTCBB: PENC, PENC, PENC.ob, Pinnacle Energy, Pinnacle Energy Corp, Sapphire Energy
Pinnacle Energy (OTCBB: PENC) Is On Our Radar
 Pinnacle Energy Corporation (OTCBB: PENC) initially caught our attention when its stock gained nearly 74% on more than 6,000,000 shares in just two trading sessions from 8/29 to 9/2 from $.805 to $1.40.
Share Price: $1.23
52-Week Range: $.70 - $1.40
Market Cap: 19.5m
Shares Out: 15.86m
The junior oil & gas exploration company's current portfolio is highlighted by:
 -- A nearly 45% working interest and 35.6% net revenue interest in a 40 acre oil & gas lease located in Lincoln county that was producing roughly 30 MCF of gas per day for Pinnacle.
-- Working interests in 6 oil & gas wells located in Pawnee County, Oklahoma. According to the company's most recent quarterly filing, 5 of the wells were producing 20 barrels of oil and 30 MCF of gas per day net to the company's interests while the 6th well was being used as a salt water disposal well.
With natural gas currently fetching approximately $7.65 per MCF and oil roughly $92 per barrel; Pinnacle is building assets in a red hot market, despite the fact that oil prices have been dipping a as of late.
The company is now pursuing financing that will facilitate its acquisition of additional energy-related properties. In addition, its current assets would generate approximately $839,135 in revenues after one full year of operations.
Miraculously, the stock is already trading nicely with average daily volume of roughly 705,746 over the past 13 trading sessions. Going forward, PENC will be on our watch list due to its impressive daily volume and potential to expand its current energy-related property portfolio.
Link to most recent 10Q
Labels: OTCBB: PENC, PENC, PENC.ob, Pinnacle Energy, Pinnacle Energy Corp
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PENC stock price has broken above the upper symmetrical triangle trend line and could be headed for new highs.
