$AAPH is Ivy League
March 19th, 2010 at 8:39 am Posted by
If you haven’t noticed, $AAPH is up 20% in the past two days.
Why’s that? Probably because The Dean said $AAPH is Ivy League and people all over the world of penny stocks expect this oil & gas pick to deliver.
Of course, the potential for $AAPH‘s Rooney Project to contain 3 million barrels (+$200 million) of oil is pretty good incentive to buy on speculation and sell on news.
On Monday, $AAPH announced the drilling of well #3 at Rooney, the latest in a series of 10 wells planed with the goal of 1,000 barrels of oil per day—that’s $80,000/day or $28.5 million/year.
And the Rooney Project is just one of the company’s 4 prospects:
- Poston has a potential 240,000 barrels of oil ($18.72 million)
- Colby has a potential of 200,000 barrels of oil ($15.8 million)
- And Sacramento’s looking at 47 billion cubic feet of natural gas—another $190 million worth of exploration excitement!
Yesterday, $AAPH closed at $0.90 and The Dean thinks this stock is incredibly undervalued, especially when you take into consideration price projections of $2.75 or $3.07 per share.
Based on The Dean’s math, that means $AAPH could be looking at an increase of 205% to 241%.
And whaddya know—that would justify The Dean calling $AAPH Ivy League because his other Ivy Leaguers are 3-for-3 with an average gain of more than 200%.
