The stock closed @ $1.05 on Friday which was up 12%.
The oil price has been on a rampage. This past Friday oil moved above $66 per barrel.
Billionaire, T.Boone Pickens saw a move in oil back to the $100 level at the beginning of the year.
The move this year in oil has been staggering. The move has been fuelled by the recovery in the US and heavy demand from China.
It now look like T Boone was right and is oil is set to rebound to $100.
THE DAYS OF CHEAP OIL ARE OVER.
PPTO has been on a torrid acquisition pace. They have done numerous deals since they listed and they are on their way to creating a small domestic producer which could gross more than $20 million in the next 12 months. This amount of $20 million will move higher along with the price of oil. When we pass $100 per barrel of oil this will be near $30 million per year.
Oil is moving on the falling USD.
If we see a crash in the USD, oil could easily pass $100. If this happens, the leverage created by PPTO could cause the PPTO stock price to shoot pass the $5-$10 mark.
Anyway you cut it, PPTO is doing all the right thing in this rising oil environment.
Members who buy at these levels could make 100% to 500% depending on how long they hold the stock.
If you need more information on PPTO, please join us @ www.pennystockchaser.com
Please do your own due diligence on PPTO.
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