PennyStockChaser.com Alert: PPTO - The Chinese, Jim Rogers, Goldman Sachs reasons to be on bull oil

PRLog (Press Release) - Jun 05, 2009 -
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Today’s news alerts include: PPTO

www.pennystockchaser.com – The Chinese, Goldman Sachs and Jim Rogers are three HUGE REASONS TO BE A BULL ON OIL  

PPTO (http://www.precisionpetroleumcorp.com/) is our preferred way to play this continuing rally in oil prices.

PPTO has been buying domestic producing wells for the last 2 months and is building a nice portfolio of properties. They are on target to acquire enough wells to generate 1000 barrels per day of production.

PRODUCTION OF 1000 BARRELS PER DAY IS A HUGE CASH GENERATOR IN A RISING OIL ENVIRONMENT !!!

All the signals point to a continued rally in the price of oil.  We crossed $70 today.

It is becoming increasingly evident that oil demand from China remains strong.

http://business.timesonline.co.uk/tol/business/industry_s...

Goldman Sachs issued a report yesterday calling for oil to move to $85 on the way to $95.

http://blogs.wsj.com/environmentalcapital/2009/06/04/goldman-sachs-looming-supply-crunch-means-85-oil/

Commentators like Jim Rogers are calling for oil to move much higher.  Jim Roger is a commodities expect with years of experience in the field of commodities investing.

http://www.cnbc.com/id/31106964

Reasons for the jump are varied.

Declining production the biggest single reason for this move.

http://www.moneymorning.com/2009/05/21/oil-prices-10/

The reason production is down so much is that we saw a collapse in oil during the last run up to $147.    The last move was more speculative in nature and this move seems to be driven by fundamentals.

Either way you cut it, oil is going higher.

We think buying PPTO in this rising oil environment makes sense.

The stock has been under constant buying pressure.  We are looking for a breakout to the $3.00 level.

http://www.stockscores.com/quickreport.asp?ticker=ppto&x=0&y=0

This a big gain for members who take positions now.

Please remember to do your due diligence on PPTO.

For more information on PPTO, please join us @ www.pennystockchaser.com

Remember to do your own due diligence on PPTO

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Forward-Looking Statement: This press release includes "forward-looking statements" within the meaning of the federal securities laws, commonly identified by such terms as "believes," "looking ahead," "anticipates," "estimates" and other terms with similar meaning. Although the Company believes that the assumptions upon which its forward-looking statements are based are reasonable, it can give no assurance that these assumptions will prove to be correct. Important factors that could cause actual results to differ materially from the Company's projections and expectations are disclosed in the Company's filings with the Securities and Exchange Commission. All forward-looking statements in this press release are expressly qualified by such cautionary statements and by reference to the underlying assumptions.

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