In our 2 September 2009 Internal Audience Update, I recommended taking all remaining profits on Cobra Oil & Gas (CGCA) and buying CrowdGather.com (CRWG). That portfolio adjustment proved instantly lucrative as CGCA stalled out and CRWG spiked from $1.25 to $1.60 per share. We still expect CRWG to move substantially higher over the near-term.
Urgent Profit-Update! If you're still holding Cobra Oil & Gas - close out of CGCA immediately and buy more Doral Energy (DRLY) at the current $0.40 per share level.
Doral Energy has now confirmed 4.48 Million barrels on its primary Permian Basin oil and gas project - and the DRLY stock-price has now pulled back slightly to yet another advantageous buy-window below $0.50 per share.
If you previously bought Doral Energy above $2 on our recommendation - and you're now seeing Doral below $0.50 - DO NOT PANIC! Doral Energy, on 14 September, officially implemented its previously announced 5-for-1 forward stock-split - which means you now own five times as many shares!
As a result of the company's forward stock-split, Doral's ticker symbol has now been changed from DEGY to DRLY - and shareholders of record prior to the split have had their share-position evenly adjusted to 5x the number of shares at one-fifth the pre-split price. Thus, one can view the 5-for-1 forward split as essentially a "strategic share realignment" designed primarily to increase market liquidity in the company's float. We see this as a positive move by an astute Doral management team.
Doral Energy to Develop Up to $170 Million in Oil & Gas
- & Your DRLY Shares Can TRIPLE on Projected Production Increase
Doral Energy is steadily increasing its pole-position in America’s mighty Permian Basin. The company recently announced results from a 3rd party independent report on its Hanson Properties confirming 4.48 Million barrels of oil-equivalent (BOE) - valued at approximately $170 Million.
We see Doral Energy moving multiples higher on a projected increase in oil and gas production and the rapid expansion of the company's land assets in America's premier petroleum basin.
Doral Energy holds all indicators of becoming a "Top-Performer" in 2010 -- Make sure you own DRLY at current price-levels below $0.50 per share.
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