Announcing on Monday the next two spud dates for drilling at the Company’s Liberty Ridge Oil and Gas Project in Oklahoma, the penny stock of Homeland Resources Ltd. (HMLA) came back to life with its largest volume trading session of the month. Despite having never traded over 1 million shares in a session, HMLA stock is being put in front of a lot of new eyes today after circulations of oilstockreturns.com made their way around in pre-makret trading. With claims of 8 reasons why this could be the most profitable energy investment ever, expectations are for dumb money to flow heavily today and for good reason.
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HMLA Stock Quote
Market Cap: 8.51M
Monday Close: 0.14 ▲ +0.02 (+16.67%)
52Wk High: 0.27
Issued and Outstanding: 60,800,000
14-Day Rel Strength: 44.94%
14-Day Stochastic: 33.33%
1st Resistance Point: 0.1467
2nd Resistance Point: 0.1533
1st Support Level: 0.1267
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Subject of a massive e-mailer from John Meyers, Homeland Resources is looking to bounce back and take advantage of the few trading session left before the fireworks show on July 4th. The announcement from yesterday noted that, subject to weather conditions, well #2 will be spud on July 1st and well #3 will be spud on July 6, both of which are expected to target 2 separate, high priority exploration prospects as part of the ongoing 8 well Phase-1 drill program currently underway at Liberty Ridge.
We discussed in our previous coverage on HMLA stock how the emailers were calling for it to run from 0.25 to $6 and letting a trader turn $5,000 into $120,000. The 0.60 ceiling we put on HMLA wasn’t even breached at the half way point, but perhaps the newer version of the e-mailer which calls for a $500 investment worthy of growing to $8,750.
In case you haven’t seen the HMLA stock mailer yet, here are the 8 good reasons John Meyers of oilstockreturns.com says you should consider investing in HMLA today:
Reason #1: Unlike many small oil exploration companies, Homeland Resources is extremely conservative… does exhaustive research prior to spending money on drilling.
Reason #2: Its use of advanced 3D Seismic technology to identify promising oil fields gives it a HUGE advantage over its competitors.
Reason #3: Homeland Resources is exploring smack dab in the middle of the resurgent oil boom in Oklahoma, working near such other successful drilling companies as Chesapeake Energy, Devon, Magellan Midstream, Helmerich Payne, Apache Corp., Marathon Oil, Unit, SandRidge Energy and Panhandle Oil and Gas.
Reason #4: Homeland Resources and its partners are already producing oil in the Smoky Hill project. Expected total program reserves to be developed in this project could be in the range of 750,000 barrels of oil and 0.15 billion cubic feet of natural gas. At current prices, that’s $75 million in initial revenues.
Reason #5: The potential in the Liberty Ridge project is staggering. With oil currently priced around $100 per barrel that’s a whopping $1.3 BILLION in potential revenue!
Reason #6: The profits early bird investors have made with other oil companies operating in Oklahoma have been substantial — 547.1 % with Continental Resources, 345.9% with Cimarex Energy Co. , 273.4% with Linn Energy.
Reason #7: Historically, the right penny oil stocks like Homeland Resources have made savvy investors vast fortunes – such as the 5,300% gains investors made with Miller energy and the 2754% gains investors made with Pioneer Natural Resources Co. (PXD).
Reason #8: The risk-reward ratio is, in my opinion, in Homeland Resources favor: No guarantees, but if I’m wrong you could end up “only” doubling or tripling your investment. If I’m right and Homeland Resources strikes it big, then you could potentially make 5, 10, even 15 times your initial investment.
Truth be told, seeing HMLA stock surpass 0.20 would be a miracle in and of itself. However, there are the few who are going to eat this up with their morning coffee which could make HMLA stock a half-decent candidate for a quick flip.
About HMLA Stock
Homeland Resources Ltd. is a performance-driven exploration and production company focused on developing relatively low-risk North American natural gas reserves.
Last 5 Trading Sessions:
Worthy of seeing the low- to mid-20′s, HMLA stock deserves a place on the list of penny stocks to watch today and for the remainder of the week. Will HMLA see as high as 0.30? Yep, as soon as the pigs fly over Wall Street and shit out gold bricks from the skies above.
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Last updated by Michael Adams at .
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