Wednesday's Report
Bull in Advantage, LLC <redhotpennystock@hotmail.com>
date: Wed, Sep 29, 2010 at 9:17 AM
BROE - Baron Energy, Inc.
We were passed this play my one of the traders in our close-knit network, and thought it was sufficient to pass along to you. BROE is trading at .139 as of yesterday afternoon, and is getting a lot of attention in trading circles. We will thus give it our attention as well, as this thing seems pretty liquid.
This past Friday the company announced that it has changed the crude oil transporter on its operated properties, providing the Company with more control over the timing of its oil sales. With regard to that, the CEO released a statement outlining why it was such a significant development for the company:
"The oil from our operated wells is transported by truck; we are paid for our oil sales on a calendar-month basis. We now have a crude oil transporter willing to pick up and transport a partial load of oil. This provides significant flexibility to manage our monthly sales. We are able to minimize the time between production and sales and have more control over our monthly cash flow."
Baron owns production that is 99% oil, both operated and non-operated, with working interest ranging from 5% to 100% in oil and gas fields located in Baylor, Borden, Garza, Jones, Runnels, Scurry and Taylor Counties, Texas.
Baron's growth strategy centers on making accretive property acquisitions in its core operating area. The Company targets properties that have oil production with upside developmental potential.
For more info, visit www.baronenergy.com
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