To OTC Journal Members: 
 

I Hope You Caught The Ride

AbTech Industries- ABTD- Monday evening's idea- wow- what a trade. The stock traded its second highest one day volume in history. Just inches from 1 million shares. 980,000 changed hands in one day yesterday, and the action put this idea on a lot of investors' maps.

The stock closed Monday night at $1.29 and made a high of $1.645 yesterday. That's a move of 27.5% from one day's close to the next day's high. I don't know if you were clever enough to take advantage of the move, but I hope you were. The stock is back tracking a bit today, but far from my SSL, and its two month uptrend remains intact.
 

I'll Make You A Bet

This goes back a while- who remembers Eagle Ford Energy (EFRDF)? - It was a stock I covered at the end of August in 2010. I introduced everyone to the company at $1.25. 

Let me start by asking- when was the last time you filled up your gas tank? The last time I filled mine it was $91 for a 22 gallon tank. Yes, I live in California, so it costs more than anywhere else in the country except Hawaii.

In case you haven't noticed, the price of oil is well above $100 and holding. The "analysts" say the supply/demand dynamics haven't changed- just a little "Geopolitical Risk" is causing spiking oil prices. Forget it. High oil prices are here to stay for a while.

You're looking at a map of the Eagle Ford Shale Formation. It runs across multiple counties in SE Texas. There's a few small companies drilling it- just Anadarko, ConocoPhillips, Chesapeake, Chevron, ElPaso, ExxonMobil, and Murphy Oil to name a few.

In the world of oil exploration and discovery, the Eagle Ford Shale is a relatively new discovery. The largest fully measured recent new discovery in the US is the Bakken Shale in North Dakota. It is estimated there's about 4.7 billion barrels of oil in The Bakken Shale. New technologies in horizontal drilling are making these reserves accessible and profitable. 

The early guesstimates out of the Eagle Ford Shale formation have the recoverable oil reserves at double the Bakken Shale, which would make it bigger than Alaska's reserves. 9 Billion barrels is possible based on early drilling returns from some of the majors in that area.

Now going back to EFRDF- I featured it at the end of August at $1.25- In early December, the stock hit $2- that's 60% on your money in 100 days. 

And, as long as we are strolling down memory lane on resource companies, how about FieldPoint Petroleum (AMEX: FPP)? November 23rd at $3.38. On December 1st the stock was $4.68- up nearly 40% in one week. That one hit $5.50 3 times this past month. 

This isn't rocket science. Click on the links to the past editions, then look at the charts. 

Everytime oil prices spike resource and alternative energy stocks get hot. Hence my focus primarily in those areas.

The stock prices of oil and gas exploration companies tend to go up and down with seismic and drilling results. The stocks trade up in short periods of time, and head back down when they are quiet. To play these stocks correctly, you need to accumulate when they are quiet and no one is watching.

Tomorrow, after the market closes, I'll be providing an "OTC Journal First Look" at a stock you can accumulate for a big move. It's resource, it's in the Eagle Ford Shale, and no one knows about it yet. 

Here's my bet- I'll bet this stock is good for 3 profit surges between now and the end of 2011. That's 3 cycles like EFRDF and FPP. Let me know what you want to bet, and you've got it.

Stay tuned for tomorrow's post close release. I'm planning a lot of coverage of this idea.

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