Today, I was lucky enough to have been in attendance at a presentation Osage Exploration and Development Inc. (OTC: OEDV) made here in South Florida. While walking out, all I could hear myself saying is “when is the next one,” as my initial alert on OEDV stock back on October 25 was too calm for deaf ears. After hearing Kim Bradford, Chairman and CEO of the Company, speak about growth strategy and how the plan for their accelerated drilling program on the Nemaha Ridge project was designed, all I can say is “I told you so.”
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OEDV Stock Quote at 03:46:24 PM
Market Cap: 87.96M
Last: 1.81 ▲ 0.02 (1.12%)
Dollar Volume: $390,613
Issued and Outstanding: 48,594,775
14-Day Rel Strength: 81.74%
14-Day Stochastic: 92.31%
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Two days ago, Osage Exploration and Development announced that production at their Krittenbrink 1-1H horizontal Mississippian well was pumping out an average 30-day initial production of 494 barrels, a fraction of the average it produced on its best day, 623 BOE, during the 30-day period. The results of the drilling was a 88% crude oil and 12% high-BTU natural gas mix, both money makers for the Company.
A little more than a month after we alerted on OEDV stock as appearing to be extremely undervalued, the Company filed their 10-Q for the three months ended September 30, 2012. As expected, Oil sales came in at $1,262,050 for the three months ended, nearly 4 times the amount, $382,059, for the same period the year prior. For the nine months ended, Oil sales topped out at $3,036,599, more than double those for the same period, $1,395,192, the year prior. Result: KaChing to shareholders in on the cheap as net income continues to flow.
Since touching 0.55 in late October, OEDV stock has been on a quiet ascent, past $1, past $1.25, past $1.50, and past $1.75 without raising any alarms to cause any volatility or delays in seeing $2 next to the ticker symbol before the end of February. According to what was said and distributed (see here) at today’s presentation, Osage plans n drilling 6 wells per quarter this year – another reason why, even at its current price, OEDV stock is a real winner for the long traders.
About OEDV Stock
Osage Exploration and Development, Inc., with production offices in Oklahoma City, Oklahoma, and executive offices in Bogotá, Colombia, is an independent exploration and production company with interests in oil and gas wells and prospects in the U.S. and Colombia. Click here to view the SEC filings for OEDV.
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Bottom Line: OEDV stock has been a quiet gainer and another proven winner to our penny stock picks. Making money off of promoted penny stocks is so simple, monkeys have been proven to be able to do it. You buy at the open and sell before 10:30 and you are virtually guaranteed to make money.
Picking good penny stocks to buy is different and why we have become one of the more trusted sources for information about OTC stocks which, has once again, proven itself with OEDV stock now up over $1, 120%, since we alerted on it in October. If doubling your money in less than 4 months isn’t good enough for you, find another source for your trading ideas.
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