Changing it up for tomorrow (low float play)

Published: Wed, 01/25/17


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Hello fellow investors / traders,
 
I've taken your recent feedback on board so tomorrow we are mixing it up with a potentially hot sub penny play that hit my radar with a huge surge in volume after they gave the market a corporate update.

FNRC is our focus tomorrow.

FNRC has a small market cap of under $3m, and a tiny float of just over $350k. 

Today FNRC saw a massive surge in volume after the Company announced it had entered into a Letter of Intent to purchase over 600 coal bed methane wells through its wholly owned subsidiary 1st NRG Wyoming. According to the press release, these wells were producing over 2,500 mcfd prior to being shut in and FNRC is currently negotiating the purchase and sale agreement. 

This follows on from FNRC's announcement in November of the potential acquisition of a natural gas gathering system. The system covers over 364 miles and gives the Company access to over 100,000 acres of potential development. The Company is negotiating the purchase and sale agreement right now and hope to close in Q1 2017. 

Today's spike in volume could bode well for tomorrow if you follow the time honored trading adage "volume precedes price".

Just a couple months ago, FNRC surged from $0.0004 all the way to $0.0016 - a massive 300% gain in 3 days.

And a similar thing happened. The day before it ran big, there was a large volume surge.

If history repeats, tomorrow could be the start of something big.

So, FNRC has a small market cap and tiny float, huge recent volume and good liquidity, and a major catalyst in the form of today's press release.


About FNRC...

1st NRG Corp. (FNRC) is an exploration and production company headquartered in Denver, Colorado. Their activity has been centered upon the development of coal bed methane reserves in Wyoming where through their wholly owned subsidiary, 1st NRG Wyoming, they operate and hold a working interest in 43 producing wells, 3,059 undeveloped acres and an estimated 18.5 BCF net to their interest. The undeveloped acreage could be permitted for up to 36 additional locations which are characterized by what the Company believes to be low geologic risk, a repeatable development opportunity and are offsetting wells which all demonstrated developed coal seams in the Schwartz, Anderson, Canyon, Cook and Wall formations. 

In 2014 FNRC expanded their activities into a development of acreage in SE Ohio encompassing approximately 7,000 acres where we hold a 35% working interest in a Beekmantown Dolomite well. 

In addition to their latest acquisition news, the FNRC has announced the following:
  • The Company expanded its activities into Ohio participating in a development of prospective acreage encompassing approximately 7,000 acres. In 2014, a vertical test well was drilled, logged, cored and cased to a depth of approximately 7,620 feet, testing the Utica Shale but ultimately completed in the Beekmantown Dolomite. The well has been acidized and pumping equipment has been installed, they estimate our share of reserves to be 251 MCFE and production to begin January 2017 weather permitting. 
     
  • The Company plans to bring the Clabaugh Ranch field in Wyoming back into production Q1 2017 where they estimate reserves at Clabaugh Ranch to be approximately 18.7 BCF. 
     
  • The Company is in discussions to raise $25-30 million dollars for the announced acquisitions and for these and others that are planned.

As you can see, some big developments are in the works for FNRC. As such, we anticipate more news could be coming from the Company in the following weeks which will further act as a catalyst for investor and trader interest.

Remember, FNRC has a recent history of making substantial gains. Coupled with a small market cap and tiny float, as well as acquisition news out, we have all the ingredients for a potentially solid winner.

Get FNRC on your screen now, do your own research and be ready to trade at the opening bell.

I'll touch base in the morning with a further update.
 
 
To your success,
SmallCapMomo.com
 
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Remember our key trading rules when trading. Capital preservation is key. Keep your stops tight, and if things don't go your way, cut your losses and look for another opportunity.
 
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