Lighthouse Petroleum, Inc. (LHPT) is an oil and gas exploration company headquartered in Dallas, Texas.
But before I tell you more about the company and its excellent trading prospects, let me show you its chart...
A chart set up for RAPID gains!
LHPT has been trading with great volatility lately – and steadily increasing volume. It's hit a high of 3.5 cents twice within the last two months before falling back, and is now trading at around 2 cents
The only resistance I see is at 3 cents (a significant gain from yesterday's close)
It appears the latest bout of profit taking is over and the stock could be under accumulation again
The MACD has turned positive and if it can cross the "0" line, that could be a strong indicator of a bullish trend
The stochastics are emerging from oversold levels and that could lead impetus to a BIG "oversold bounce"
LHPT is firing on all cylinders!
LHPT already hit a home-run with its first project, located in the prolific Wind River Basin of Wyoming. Its lease covers a whopping 3,300 acres, and is estimated to contain over 4.3 Million barrels of oil – which could generate over $62.5 Million for LHPT!
Plus, LHPT's Texas wells are expected to add another $2.5 Million to its top line!
These are numbers Wall Street traders are undoubtedly taking notice of.
They aren't Exxon yet – but they're working on it!
In the words of LHPT President Glen Kennedy "...we're continuing to negotiate for further acquisitions andour goal is to acquire over 100 wells with the possibility of generating up to $250 million in cash flow for our shareholders and create sustainable value."
Bottom Line: LHPT has great properties with outstanding reserve potential and a really great chart!
And best of all – you could pick up a ton of shares and hardly feel it – LHPT trades for pennies!
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