Trading volume for shares of Penny Stock Global NuTech, Inc. (OTCBB: BOCL.OB) should skyrocket in this “low float” company today.
Global NuTech, Inc. announced early this morning that the company has acquired 100% of the stock of Houston, Texas based Texas Gulf Oil & Gas, Inc.
The acquisition from private equity firm Corporate Strategies Merchant Bankers includes individual oilfield producing assets and options throughout the Austin Chalk and near the Eagle Ford shale play in Texas. These assets include leases, options and and working interests in 19 oil wells throughout the area and additional options to invest in wells to be drilled or re-entered in three leases identified as the Tilmon, Lay, and Rodenberg.
David Mathews, CEO of Global NuTech, said, “Texas Gulf Oil & Gas provides us a platform to expand vertically in the energy markets, specifically in energy services, exploration and production. The President of Texas Gulf, Damon Wagley, brings many years of experience and a qualified team to expand the company’s service and exploration business. The Wagley family first entered the oil and gas business in 1952, and brings a wealth of knowledge, experience and relationships that extend from central Texas to the North Sea. We are quite fortunate to have Damon Wagley’s oil field experience and leadership to build Texas Gulf Oil & Gas on a fast track in 2012.”
Tim Connolly, CEO of Corporate Strategies added, “We are quite impressed with the team that has been assembled by Global NuTech and see a bright future ahead for the company. Management’s successful track record is the single greatest factor that convinced us to sell Texas Gulf Oil & Gas to the company.”
About Global NuTech, Inc.
Global NuTech, Inc. (OTCBB: BOCL.OB), with the recently announced acquisition of International Plant Services, the Company is expanding its previously announced plans in the energy sector, driven by International Plant Services existing business in management and construction services to the world’s largest and best known energy companies in the refinery, chemical, mining and power industries.
Press Release: Global NuTech, Inc.
“Be fearful when others are greedy, and be greedy when others are fearful.” – Warren Buffett
If you really want to make some considerable profits from the stock market, it is possible to make a considerable amount of money on penny stock trading. When you find the right penny stock to buy, knowing when to buy and sell is the second most important tool to maximizing your profits.
Being technical, analytical or just flat-out greedy when trading penny stocks is the easiest way to limit profits and, sometimes, even lose your entire investment. You need to have a strong and strict strategy to achieve your goal of maximizing profits while minimizing risks in penny stocks.
Listed below are a few of the many points each and every penny stock investor needs to discover.
- Do your own research.
- Trade Responsibly.
- Verify everything.
- Move Fast or Get Left Behind.
- Do not use market orders to enter a position, use limit orders.
- Have a System That fits You.
- If a Stock Gaps Open, Look for Pullbacks to Enter.
- Plan a Trade and Trade a Plan.
- Always use stop loss orders to protect yourself.
- Positive Self- Belief.
- Keep trading as Part of a Balanced life.
- If a stock breaks below our alert price GET OUT. Do not wait.
- View Trading as a Score in Points and Not In Money:
- Always take your profits whenever you can. Do Not Be Greedy.
- Work Hard at Learning How to Trade Properly and Keep Working.
- Do something to make someone else’s life better today.
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