As Oklahoma slowly begins the process of warming up after their harsh winter, the penny stock of Energy Revenue America, Inc. (ERAO) is hoping to do the exact same thing. Although the Company neither owns nor operates any oil wells, owning 33 natural gas wells and approximately 65 miles of pipeline on 3,000 acres in Oklahoma makes looking at ERAO stock a worthwhile exercise. Even though the gas properties, valued at $2,316,210, failed to produce any revenues during 2013, something tells us that’s not likely to be the case during 2014 – at least that’s what 54 investors are hoping will happen.
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ERAO Stock Quote
Market Cap: 2.59M
Last: 0.10
Volume: 3,500
Open: 0.075
High: 0.10
Low: 0.075
Authorized: 100,000,000
Issued and Outstanding: 28,298,254
14-Day Rel Strength: 47.83%
1st Resistance Point: 0.1033
1st Support Level: 0.0933
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Having just filed their 2013 annual report with OTCMarkets, three things we immediately liked about Energy Revenue America when we dug into them were: 1) the company logo, 2) the share structure of ERAO stock, and 3) the news the Coal Bed Methane (CBM) natural gas explorers put out at back on January 16th. Revenues were $0 last year, but with the company having secured a contract to transport natural gas for a 3rd party utilizing their 65 mile pipeline after announcing the reopening of 10 existing wells at the start of January, well this could just heat up quicker than a pot of boiling water.
Tattooed for over $1,000,000, 54 investors are on the hook to get shares between $1 and $3 for the $1,426,600 they invested between June 4, 2010 and April 24, 2012. When those convertible loans were made, Energy Revenue America was NavStar Technologies, Inc. (NVSR), a Company that tried to become become a leading provider of automotive navigation systems and mobile navigation devices.
NVSR stock used to get a lot of their juice from eStocksDaily which could be the lead candidate for some awareness to come on ERAO. Regardless, with pans to drill in excess of 300 wells in the Cherokee Basin area over the next 5 years and hit gas reserves targets of $80,000,000 after the 2nd year, $150,000,000 after the 3rd year, ERAO stock just found a sweet spot on the list of low float penny stocks to watch.
About ERAO Stock
Energy Revenue America, Inc. is a development stage company focused on drilling Coal bed Methane natural gas wells in Nowata County in the Northeastern corner of Oklahoma in the Cherokee Basin.
Click here to view the financial filings for ERAO.
Click here to view the website for Energy Revenue America.
Last 5 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Change | Volume |
| 02/24/14 | 0.0750 | 0.1000 | 0.0750 | 0.1000 | unch | unch | 3,500 |
| 02/21/14 | 0.0900 | 0.1000 | 0.0900 | 0.1000 | unch | unch | 24,000 |
| 02/20/14 | 0.1000 | 0.1000 | 0.1000 | 0.1000 | unch | unch | 8,600 |
| 02/19/14 | 0.0801 | 0.1000 | 0.0601 | 0.1000 | +0.0100 | +11.11% | 20,600 |
| 02/18/14 | 0.1000 | 0.1000 | 0.0900 | 0.0900 | -0.0100 | -10.00% | 11,300 |
Bottom Line:
There isn’t much happening at present with ERAO which makes having it on the list of penny stocks to watch that much more important. With only 28.3 million shares issued and a float of 4.84 million (according to their filings), the slightest bit of attention could send ERAO stock back over their YTD high of 0.17 with ease.
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