If Armageddon was approaching and the scenario from the movie which called for Harry Stamper and his band of misfits to drill holes in a speeding asteroid was real, the penny stock you would want to own would be Smart Ventures, Inc. (SMVR). Since they acquired The Sanday Corporation, via a contract with Merlin ERD, buying shares in SMVR stock would be like buying shares in the world leader in Extended Reach Drilling. Hard to believe that with so many successful projects worldwide under their belt that their web presence is about as mundane as an unsuccessful ditch digger.
Our Next Pick Is Coming Soon!
Click HERE To Make Sure You Don’t Miss Any Of Our Hot Penny Stock Alerts!
SMVR Stock Quote
Market Cap: 68.46M
Last: 0.051 ▲ +0.004 (+8.51%)
Dollar Volume: $8,177
Issued and Outstanding: 1,244,680,000
14-Day Rel Strength: 76.25%
1st Resistance Point: 0.0563
1st Support Level: 0.0444
Looking for the Best Penny Stocks to Buy?
Click HERE To Receive FREE Penny Stock Alerts
We stumbled upon Smart Ventures at the end of February after the Company spoke of their extensive growth plan and how this little know company had plans to emerge as one of the largest oilfield services companies on the planet, providing high quality engineering services to oil majors. The commentary was as fictional as the movie Armageddon since the key tipping point which forced us to do some due diligence was when they stated how entering into the trucking business would: provide our stakeholders a better share price evaluation through increased revenue, strong assets and a more diversified business.
Smart Ventures, aka Sanday Corp., had just $34,390 in cash as of December 31, 2013 which works out to be their net income from operations, $34,389 + $1. Their other assets on the Company’s books were $106,931 worth of desks, computers and various other depreciable assets, including 80 acres of oil and gas mineral lease in Florida, as well as a whopping $1,103,359 worth of goodwill from the 1,211,680,000 shares of SMVR stock issued to acquire The Sanday Corporation back in January, 2013.
However, the story goes that The Sanday Corp. had significant successes for 2013, whereby they completed a complicated extended reach well in the North Sea, U.K. for Total Oil on its Alwyn North Platform, 400 KM North Offshore Aberdeen. They then went on to complete another successful project for Centrica U.K. in the Southern Sector of the North Sea, U.K. from a jack up drilling rig and were able to do it under budget.
The Sanday Corporation didn’t stop there. They went on to complete another project, two wells this time, on a jack up drilling rig in the Adriatic Sea, offshore Italy, for Edison – again under budget. They packed up and went on after that work and complete a well for BP in Azerbaijan, offshore Baku, in the Caspian sea, from the platform East Azeri. And the, according to their 10-K, Sanday Corp. went on to the Murcheson National Park in Uganda where they were contracted for a major project with Total Uganda, a consortium of also Tullow Oil and CNOOC, to drill a test/appraisal well within its famous National Park.
Holy moley! Harry Stamper and his team couldn’t wash the underwear these guys wear if Armageddon was upon us today. Jeez! With just 33,000,000 shares exactly as the public float and all that work they did in 2013 already in the books for $539,073 worth of consolidated revenues for the year ended December 31, 2013, how can any pass up the opportunity to sell their house and buy all the SMVR stock they can get?
You mean BP called them to drill and BP hasn’t scooped up their 33,000,000 share float worth $1.815 million right now and just make then a wholly owned subsidiary? Or how about Total? Is Total that blind to not see that without The Sanday Corporation they wouldn’t have as much success with spudding deep wells last year? Is Wall Street that clueless to have missed SMVR stock on their radar screens?
Perhaps its just a whole bunch of pinksheet Hollywood to help novice investors believe the world wouldn’t be able to spin if it wasn’t for the Sanday Corporation.
About SMVR Stock
Smart Ventures, Inc., through their subsidiary The Sanday Corpoation, is a development stage, independent energy company engaged in engineering extended reach drilling services, midstream, acquisition, development, production, and exploration of oil, gas and minerals internationally.
Last 5 Trading Sessions:
The penny stock alerts are out in full force for SMVR stock prior to the opening bell on Tuesday. Even though we threw SMVR up on the screens of some of our more active followers a couple of weeks ago to see what they thought, they do a lot of deep water drilling in the ocean which perhaps is why it all smells a bit fishy to do anything more than throw a small hook in the OTC water.
Our Next Pick Is Coming Soon!
Text Keyword “AIMHIGH” To 99000 To Make Sure You Don’t Miss It!