Each week we profile a stock that we believe as a great chance to increase in the medium term (3 - 6mths).
These stocks are chosen by using a mix or our own reseach tools including Directors activity, the Nielsen Supply/Demand Indicator and broker consensus data.
These picks are designed as a starting point for you to investigate further if you wish. Make sure you come back each week to see what we have found.
Symbol / Company MAD / Date Picked 06-02-2013 Price When Picked $0.610 Company Overview Inside Trader comments:
Maverick Drilling and Exploration is an oil company in Texas (USA) with large oil reserves and potential for more as it undertakes more drilling and exploration which is happening now.
The price has dropped to less than half price inthe last 6 months but we are seeing a sustained level of interest currently in the levels of buyer demand and smart money.
Share price will be affected by upcoming news announcements but we expect this could easily give a quick 10% or 20% short term return on any hint of positive news. The downside appears to be not as great as the upside.
Please treat this as a speculative buy.
from their website:
Maverick is an ASX listed diversified oil company with existing oil production and reserves focusing on low cost development of low risk drilling prospects.
Maverick’s flagship assets are leases that it holds over parts of the Blue Ridge, Boling and Nash Domes, established producing oil fields located south of Houston, Texas in the United States and its wholly owned subsidiary Maverick Drilling Company, a 38 year old contract drilling company based in Texas.
What Differentiates Maverick?
Large pure liquid oil reserves Existing production to fund development Pipeline of future developmental drill sites Low cost focus Internal rig fleet Management operating in ‘own patch’ Years of internal research and experience Exploration opportunities
Nielsen Indicator Buying Level 0.7 Weekly Trend Analysis downtrend Daily Trend Analysis downtrend Short Term Support 58c Short Term Resistance 78c Broker Analysis Num. Analysts in Sample Recommendation 2 Buy
FDM Price at posting:
60.5¢ Sentiment: Buy Disclosure: Held
