VIP members “hit the nail on the head” again in a big way after our January profiled penny stock, Trailblazer Resources, Inc. (OTC: TBLZ) set a new 52 week high yesterday. Banking on some research Michael conducted over the Xmas holiday, he issued a “speculative buy” rating on TBLZ stock based on the shell Company’s intent to purchase Temple Mountain Energy’s assets after assessing the claim that its mineral leases on the 1,330 acre Asphalt Ridge property in the Green Basin area of Northeast Utah have up to 150 million barrels of oil. Up now 650% despite extensions of the deal continuing to be made since the July, 2012 agreement was papered, the share price also extended this week to a point that everyone knows about it now.
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TBLZ Stock Quote
Market Cap: 42.11M
Last: 1.50 ▲ +0.80 ( +114.29%)
Dollar Volume: $104,520
Issued and Outstanding: 28,075,162
1st Resistance Point: 1.7833
1st Support Level: 0.9333
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The ongoing “assessment” delay extensions Trailblazer Resources has been continuing to extend stems from the review of whether or not 80 million barrels of oil may be surface recoverable on the claims held by Temple Mountain Energy. The Company, since July, 2012, has had an agreement with Temple for nearly 9 months already.
The only thing that’s been holding it back is the successful completion of its assessment, using as a starting point, the extensive amount of data and analysis gathered and performed by Standard Oil of Ohio during the period that they controlled the leases.
Temple Mountain Energy, Inc. is an oil sands mining and processing company with a mineral lease and operations near Vernal, Utah in one of the largest oil sands basins in the United States. The main attraction to seeing how this deal will eventually get closed is because Temple’s current Asphalt Ridge operation has a near-zero carbon footprint and is expected to have a total lifetime of 25-30 years after expanded production (planned for 2012-2013) occurs.
In January, TBLZ stock actually traded, although small amounts only at first. Issuing a “speculative buy” at 0.20 on the illiquid stock of a shell corp. is always a risky play to have to hang your hat on if it all goes “tits up.” However, the deal has continued to see updated extensions nearly every month since the public announcement came in December making the once focused on the manufacture, sale, installation and service of fiberglass tank and piping products through ECC Corrosion, Inc. entity appear to be set to make a move.
Once Trailblazer closes the deal with Temple, 26.5 million shares of TBLZ stock, approximately 48.6% of the Company’s outstanding shares, are set to be issued to Temple for the purchased assets. As the trading activity this week has indicated, it appears that the transaction is getting closer to being done and a good chance those VIP traders still holding shares to see even more gains from their 20 cent entry 2½ months ago.
About TBLZ Stock
Trailblazer Resources, Inc., formerly Energy Composites Corporation, is a shell company with no ongoing business operations seeking a business opportunity.
Click here to view the SEC filings for TBLZ.
20 Day Percent Change: 500.00%
20 Day Moving Average: 0.42
20 Day Average Volume: 18,914
Last 5 Trading Sessions:
Bottom Line: Since Jamie and Jennifer Mancl took control in October, 2011, TBLZ has been one of those penny stocks we had on the watchlist just waiting to see it start trading. Since Michael decided to issue it as a VIP alert to certain members, it’s good to see that, once again, the results from TBLZ stock proves again that we know penny stocks.
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