TGRO | Is Tiger Oil and Energy Inc. Due To Break $2?

On December 6 when the penny stock pumping of Tiger Oil And Energy Inc. (TGRO) began, few, including us, were confident it could fly high enough under the SEC radar to make taking a risk worth it. Although the Company has never been able to get a drill in the round to even check for oil on any of their previous lapsed leases, TGRO stock was one of the best OTC stocks out there in December. Needing to see a multi-million dollar trading success after numerous trading halts on what were supposed to be sure-winners, ending the year up $1, 344%, since traders jumped in makes 2014 look like it’s going to be a great year for OTC stocks.

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Market Cap: 55.97M
Last: 1.29 ▲ +0.09 (+7.50%)
Volume: 2,760,300
Dollar Volume: $3,612,205
Open: 1.225
High: 1.3532
Low: 1.20
Trades: 1,661
Authorized: 74,000,000
Issued and Outstanding: 42,728,159
14-Day Rel Strength: 76.43%
1st Resistance Point: 1.3621
1st Support Level: 1.2089

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Depending on where you look, you’ll get different descriptions of what Tiger Oil and Energy have plans to do. While they have historically been trying to become oil and gas explorers in Cowley County,Kansas, Google finance ironically has them listed as developers of commercial explosives technology – kinda what holders of TGRO stock from the high $1.40′s are due to experience if they fail to average down correctly.

What we need to see is if Chancery Lane Investment Group, Inc., a Belize based firm connected directly and indirectly with a number of Awesome Penny Stocks, can hold off from dumping until some even bigger profits are made. Chancery Lane Investment Group, run by Andrew Godfrey, has direct and indirect links to former pumps such as Nanotech Entertainment Inc. (NTEK), Sky Power Solutions Corp. (SPOW), Rostock Ventures Corp. (ROSV), Sunpeaks Ventures (SNPK), North Springs Resources Corp. (NSRS) and Rarus Technologies Inc. (RARS).

With StockTips pushing for $3, the last news to come from Tiger Oil & Energy, a 600,000 financing deal with Chancery Lane Investment Group, Inc., basically seals the deal on that price never to be tested. Seeing some “preliminary testing” PR should be the time when abandoning hope on further TGRO gains is due to happen. Until then, longs from early December are safe while those who got in late are flying as close to the sun as their wings will allow for.

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About TGRO Stock

Tiger Oil & Energy, Inc. is a development stage oil exploration company.

Click here to view the SEC filings for TGRO.
Click here to view the website for Iiger Oil & Energy.

Last 5 Trading Sessions:

Date Open High Low Last Change % Change Volume
12/31/13 1.2250 1.3532 1.2000 1.2900 +0.0900 +7.50% 2,760,300
12/30/13 1.2300 1.3500 1.1100 1.2000 +0.0100 +0.84% 1,843,600
12/27/13 1.1900 1.3100 1.0200 1.1900 -0.0200 -1.65% 4,146,000
12/26/13 1.4750 1.5900 0.7000 1.2100 -0.2200 -15.38% 12,312,399
12/24/13 1.3150 1.4700 1.1500 1.4300 +0.1800 +14.40% 4,426,500

 

Bottom Line:

344% gains on a penny stock that has mainly been cross traded throughout the holidays is not such a bad thing to have bought into prior to the holidays. NSRS was one of APS’ best pumps and it didn’t kick off until after Christmas, 2011. If TGRO stock can cross over the $2 mark, 589% in potential gains from day one would be simply Awesome!

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