POLR | Polar Petroleum Corp. Ready To Be Unleashed

POLR, POLR stock, POLR ticker, POLR stock quote, Polar Petroleum Corp.Oil stocks have occasionally been big scores for traders who get in on the cheap and ride them long. A new penny stock begins trading today in the oil and gas drilling sector, Polar Petroleum Corp. (POLR), which has some interesting leaseholds worth looking into. After changing their name and ticker symbol from Post Data Inc. (PDAT) and issuing a 7-for-1 stock split last month, the release of POLR stock onto the exchange is an event that requires watching from this point forward for any smart trader looking to get in at the same price as the insiders.

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POLR Stock Structure

Market Cap: 3.73M
Last: 0.11 (July 31, 2012)
Authorized: 700,000,000
Issued and Outstanding: 40,915,000

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There isn’t much, other than the SEC filings to report on as of yet except that Daniel Walker, the Company’s sole officer and director, owns roughly 51.32% of the total issued and outstanding common stock. Nice low floater you could say.  But what’s most intriguing about POLR is that, on November 5, 2012, Polar Petroleum Corp. acquired 100% of the record title of Daniel K. Donkel’s and Samuel H. Cade’s 17 oil and gas leases in Alaska for $1,250,000. The property covers approximately 46,399 acres in the North Slope region and has terms which allow for a royalty of 16.67% for the State of Alaska and an overriding royalty of 4% for Donkel and Cade.

You have to think that of the 17 oil and gas leases, something is bound to spurt from at least one of them. Some one already thins so since just one day after the acquisition, a non-U.S. investor bought 1,500,000 shares of POLR stock for $150,000, or 0.10 per share. Considering the one and only trade the prior ticker made all year, 5,000 shares on July 31, 2012 which is now 35,000 shares after the FS, POLR is priced at 0.11 which you can be sure is soon to be adjusted. If it isn’t, its only one cent higher than the insiders and private investor was issued shares at — a must have on the list of penny stocks to watch.

About POLR Stock

Polar Petroleum Corp. is engaged in the operation of oil and gas properties in the State of Alaska. Click here to view the SEC flings for POLR.

Bottom Line: Oil and gas focused penny stocks are great, especially when they are also new penny stocks. Although a price adjustment would be expected to better reflect the value of POLR, keep a close eye on it. POLR stock is definitely a penny stock for 2013 and could be a great way to kick start your path to the higher tax bracket.

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