STTX | Traders Less Lucky On Day Two Of Stratex Oil & Gas

STTX Stock, STTX scam, OTC STTX, Stratex Oil & Gas Holdings Inc., Stratex Oil,Focused on “the luckiest place on earth,” the penny stock of Stratex Oil & Gas Holdings, Inc. (OTC: STTX) is looking like the most unlucky promotion to play. Less than 24 hours since shares of STTX stock suddenly showed up and traded heavily to close the beginning of the week’s session, traders who held overnight have seen the share price dip more than -30% from Monday’s close. With headlines stretching back as far as March, 2012 to pump their “Bakken” presences, why has the brakes suddenly been put on the former Poway Muffler & Brake, Inc. (PWMY)?

Our Next Pick Is Coming Soon! Click HERE To Make Sure You Don’t Miss Any Of Our Breaking Alerts!

STTX, STTX Stock, STTX scam, OTC STTX, Stratex Oil & Gas Holdings Inc., Stratex Oil, hot penny stocks, hot OTC stocks, best OTC stocks, best penny stocks, penny stocks to watch, OTC stocks to watch, penny stock to watch, penny stock picks, penny stocks to buy, otc stocks to buy, penny stock trading, penny stocks list, good penny stocks, top 10 penny stocks, penny stock list, buy penny stocks, pennystock,STTX Stock Quote

Market Cap: 47.19M
Last: $ 1.05  -0.23 (-17.97%)
Volume: 294,973
Dollar Volume: $323,537
Open: 1.38
High: 1.38
Low: 0.89
Trades: 262
Authorized: 750,000,000
Issued and Outstanding: 44,347,556
14-Day Rel Strength: 45.07%
14-Day Stochastic: 12.24%

Looking for Hot Penny Stocks?
here To Receive FREE Penny Stock Alerts

Having been at oil exploration for more than a year now, with revenues of $959,388 for the 12 months ended December 31, 2012 versus $240,122 during the same period in 2011, Stratex Oil & Gas Holdings just recently began trading after hard mailers started hitting mailboxes around the U.S. With oil and natural gas operations mainly focused on the Williston Basin of North Dakota and Montana and the Denver-Julesburg Basin in Colorado, its a shocker that STTX stock wasn’t active prior to yesterday afternoon.

Inside the 10-K filed last week, investors can see some very interesting facts which could change the course of how high STTX stock could go. Firstly, the float is only around 28 million making price moves slow and low, good for a long promotion, but not so good for support when the dump comes.

Secondly, Stratex Oil & Gas Holdings has already spent a year drilling and developing their core operating areas, the Williston Basin in North Dakota and Montana and the Denver-Julesburg Basin in Colorado. In the Williston Basin, the Company is engaged in oil production from multiple zones including the Bakken Shale, and Three Forks Sanish Formations. Proof of that is in the nearly $1 million in revnues booked for the year ended December 31, 2012.

Based on reports prepared by LaRoche Petroleum Consultants, there are 27,671 proven Barrels of oil and 24,852 proven Mcf of natural gas as of the end of 2012. There was another 1,088 Barrels of oil and 1,183 Mcf of gas in Stratex’s undeveloped reserves.

At an average price of around $83.39 per Barrel of oil sold and $2.76 per Mcf of natural gas, the proven reserves calculate out to more than $2.3 million in revenues from the sale of oil and nearly $70,000 in gas sales the Company can look forward to – and that’s just from their efforts on the Williston Basin.

What its being hidden is the money leaking int the pockets of the officers and Directors based on net losses of -$7,670,624 for the year ended December 31, 2012, almost all of which came from general and administrative expenses: $5,461,053. While it can’t be proven without conducting an audit on Stratex Oil, STTX is hot, its fresh, and its dipping on day one making playing it riskier than most.

Without great risks, rarely do great rewards come.

About STTX Stock

Stratex Oil & Gas Holdings, Inc. is an independent energy company focused on the exploration, acquisition and production of crude oil in North Dakota, Montana, Colorado, Kansas, and Nebraska.

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

Last 5 Trading Sessions:

Date Last Change % Change Volume
04/08/13 1.2800 +0.2400 +23.08% 783,500
04/05/13 1.0400 unch unch 28,800
04/04/13 1.0400 unch unch 4,200
04/03/13 1.0400 unch unch 5,400
04/02/13 1.0400 +0.0400 +4.00% 24,500


facebookTwitterStay Connected With Us: 

Bottom Line:

STTX is most definitely a penny stock to watch and to look for good entry points today. How STTX stock reacts tomorrow will dictate whether or not it has a chance to run towards the $2 level, or if it’s destined to swing between $0.80 and $1.40 (which still ain’t so bad if you time it right).

Here is your opportunity to subscribe to the Most Read Penny Stock Newsletter

If You Can’t Make Money With Us, You Shouldn’t Be Trading Penny Stocks

(We are 100% Anti-Spam and will never rent or sell your information)

Last updated by at .

  Recent Penny Stock News