New Interests Could Spark Stratex Oil & Gas Holdings (STTX)

STTXOil & gas lovers might want to start paying close attention to the penny stock of Stratex Oil & Gas Holdings, Inc. (STTX). Besides booking revenues for the first 9 months of 2013 nearly equal to the for the first 9 months of 2012, $675,861 and $680,687, respectively, their acquisition announcement of working interests in the Jeffrey Lease located in Callahan County, Texas could be the kicker needed to get those numbers over $1 million in 2014. Having been on a silent run since bottoming out at 0.07 in mid-November, adding STTX stock to the watch list could make for a smart move heading into the holiday season.

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STTX Stock Quote

Market Cap: 6.83M
Last: 0.15
Volume: 24,700
Authorized: 750,000,000
Issued and Outstanding: 45,542,376
14-Day Rel Strength: 60.55%
1st Resistance Point: 0.155
1st Support Level: 0.14

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Known for popping up the charts when news like this gets announced, keeping a close eye on Stratex Oil & Gas and how the public reacts to today’s announcement could be the difference between 10-15% short-term and 50-100% mid- to long-term. Trading activity is pretty low for anything not n the top 20 traded or being pumped which makes looking for a good entry point on STTX stock a mission worth a couple hundred bucks.

The deal Stratex struck is worth a 64% working interest and a 48.64% net revenue interest in what will initially encompass a 60 acre pooled tract at the Jeffrey Lease. The seller who received $308,800 cash and 150,000 shares of STTX stock will be entitled to a 12.5% back in working interest, to be borne by all working interest owners. After payout, Stratex’s working interest will be 56% (42.56% NRI).

While it all might sound like a bunch of percentages of meaningless value to those unfamiliar with the oil & gas sellers, you should know that Stratex has been a consistent revenue booker of roughly $220,000 per quarter for he last couple of years. With this addition to their portfolio, seeing them break $1 million in annual revenues won’t pay ll the bills, nor will it pay back all their debt, but it just might be enough to have sufficient attention to STTX stock for a run or two during earnings season.

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About STTX Stock

Stratex Oil & Gas Holdings, Inc. is a development stage company engaged in the sale of oil and gas and the exploration for and development of oil and gas reserves in the Bakken, Three Forks, Heath and Tyler Formations in North Dakota, Montana, Kansas, Nebraska, and Colorado.

Click here to view the SEC filings for STTX.
Click here to view the website for Stratex Oil & Gas.

Last 5 Trading Sessions:

Date Open High Low Last Change % Change Volume
12/02/13 0.1400 0.1500 0.1350 0.1500 unch unch 24,700
11/29/13 0.1350 0.1500 0.1350 0.1500 -0.0150 -9.09% 4,000
11/27/13 0.1290 0.1650 0.1290 0.1650 +0.0350 +26.92% 121,800
11/26/13 0.1400 0.1540 0.1141 0.1300 -0.0200 -13.33% 227,800
11/25/13 0.1500 0.1500 0.1001 0.1500 unch unch 167,000


Bottom Line:

The best idea with this penny stock is to look for the $0.10 or better shares if you have the patience to play STTX the right way. They totally bottomed out at $0.07 twice in the last 2 months so a return to under a dime doesn’t appear to be totally out of the question considering the end of the year sell of could send some longs booking losses to balance the money they made off most of our picks this year.

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