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View Full Version : TGC - Tengasco (Oil)


Shane Burke
05-24-2009, 04:24 AM
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<table width="741" border="0"><tbody><tr><td width="735" align="center" height="48">Hot Oil Stocks - Monday May 25th, 2009
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<table width="744" border="0"><tbody><tr><td width="137" align="center">Ticker Symbol</td><td width="137" align="center">Company</td><td width="117" align="center">Current Price</td><td width="177" align="center">Buy</td><td width="154" align="center">Sell</td></tr><tr><td align="center">TGC</td><td align="center">Tengasco Inc</td><td align="center">$0.55</td><td align="center">$0.54 - $0.60</td><td align="center">$0.85 - $0.95</td></tr></tbody></table>

<table width="744" border="0"><tbody><tr><td width="738">Shares out: 59.25 million. The company’s operations are currently concentrated in Kansas and Tennessee. At year-end 2007, Tengasco had net proved reserves of 2,275,970 barrels of oil and 1,134 MCF of gas. The company, through its subsidiary Manufactured Methane Corp., has a process through which methane gas from landfills is converted to usable energy for use by governments and businesses. Tengasco is forward looking, acting thoughtfully and aggressively as it seeks to grow its business and provide a portion of the solution to U.S. energy needs.

This stock offers a great opportunity for both swing and momentum traders.


Trading Blueprints:


Momentum trade: Buy at the breakout of $0.61 with a stop at $0.39 = 36% loss. Sell at $0.95 = 55% gain. The volume needs to exceed 500,000 for a successful breakout.

Swing trade: Buy at $0.54 with a stop at $0.39 = 27.7% loss. Sell at $0.95 = 75.9% gain.

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bosshawg503
07-03-2009, 05:26 AM
cool do you have any picks under 10Cents that will double soon?