Our highest rated stock for this week - Cobra Oil & Gas Company (CGCA)
CGCA posted as our Stock of the Week after the bell on Monday (08.31.09) at $1.02
We could see significant possible upside surprises out of this stock! CGCA had a big summer, making several moves to position themselves this fall!
CGCA reached a high of $1.94 on 7/23. CGCA corrected and is now at a nice level and could start a second leg higher very soon! There appears to be a lot of eyes on CGCA and we could see investors jump in to trade CGCA on any possible upswing!
CGCA is focusing in on the oil sands in Utah and exploring potential conventional oil drilling in Montana! CGCA received a huge amount of backing in the summer when CGCA signed a $6 million financing agreement with a further $4 million option with Swiss-based Baden Energy Group, Inc.
CGCA recently completed a purchase agreement with Enercor, Inc. for a 62.5% working interest within the P.R. Spring Deposit in Utah. Cobra Oil & Gas company could be positioned to become the next great oil & gas company!
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