PennyOmega.com Stock Report!

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Friday August 21, 2009

PennyOmega.com Stock Report!

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Albina Community Bancorp (OTCBB:ACBC), Portland’s only certified community development bank, announced today that it will receive a $216,547 Bank Enterprise Award (BEA), from the U.S. Department of the Treasury’s Community Development Financial Institution Fund (CDFI), for its 2008 community development work in Portland, Oregon. CDFI funds are awarded to viable financial institutions that have the financial and managerial capacity to provide affordable and appropriate financial products and services that positively impact their communities.

China Crescent Enterprises, Inc. (OTCBB: CCTR) today announced that the Company remains listed on the Regulation SHO Threshold Security List. SEC Regulation SHO targets abusive naked short

Do you remember this time last year? As spring turned to summer, energy prices were moving upward. By mid-July 2008, oil prices peaked at $147 per barrel. But as with Gen. Pickett and his famous charge at Gettysburg, that lofty level of $147 was the high-water mark for oil prices.

By August of last year, the price of oil was retreating, and it was a hard slog on the way down. By midwinter, in December 2008 and January 2009, oil prices were in the $30s per barrel - a drop of over 75% within six months. It was a wild ride.

Natural gas had a similar rise and fall last year. In July 2008, the NYMEX price for natural gas was around $13 per mcf (thousand cubic feet). By October 2008, that price was cut in half. In fact, natural gas prices trended down throughout the chilly winter of 2008-2009. The current

AMKR, Amkor Technology, Inc.

NXPN, Northern Explorations Ltd, NXPN.OB

PennyOmega.com Watch List!

PennyOmega.com Watch List ! for Thursday July 30, 2009

Our Picks at PennyOmega.com for Thursday July 30, 2009 are:

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NXPN, Northern Explorations Ltd, NXPN.OB

NXPN is an energy exploration company currently developing natural gas projects across North America. NXPN has acquired working interests in natural gas drilling prospects located in California, and is pursuing projects in Texas.

The Company is working rapidly towards announcements of negotiations with suitable vendors.

NXPN plans to identify and make strategic acquisitions consisting of realistic overriding royalty interest leave-backs such that greater revenue percentages are available to the working interest partners

**NXPN announced today that it has entered into an

In some instances, investing in a sector that is out of favor is one of the more savvy things to do. Others may say that an investment in such a sector is a waste of time and money. Others, however, will see the longer view and take the rollercoaster ride for a final reward. If the reasoning is sound, an investor can make a nice profit by living by their convictions.

Northern Explorations Ltd., a natural recourses exploration company, works to develop properties primarily in North America. Although the company works across the range of natural resource opportunities, it is currently focused on natural gas plays in California, Texas and Alberta Canada.

The company has been making solid headway in establishing itself as a leading regional player within the natural gas sector. Today, it announced an agreement which gives it a 47.5% net revenue agreement in a West Texas natural gas opportunity.

“I don’t buy the extreme arguments on either side of the where-is-natural-gas-headed debate. I do see signs, however, that support my out-of-consensus view. Views on the natural gas market tend to extremes. Some analysts believe natural gas will continue to trade under USD4 per MMBtu for a prolonged period, while others will tell you it’s headed back above USD6, or even USD8, within the next six months.

The bearish outlook seems to be most prevalent among industry participants. For example, consider this passage from the Beige Book:
The demand for oil services and drilling equipment continues to shrink with the rig count. Over the past six weeks the number of U.S. working rigs is down by 300 or 22%. Texas, New Mexico and Louisiana all had significant losses, especially Texas, which lost 168 rigs – over half the national total. Respondents indicated that a number of gas wells drilled in nonconventional …

T-3 Energy Services (NASDAQ:TTES) provides essential safety equipment for oil and gas rigs. Though drilling activity has been affected by the fall in commodity prices, Chris Mayer says the stock has been massively oversold. Today it is trading at $19, down from a high of $84 last year. Given its healthy cash flow and strong international growth outlook, Chris says a move back to $60 is on the cards.

This from The Rude Awakening:

The last time I recommended T-3 Energy Services (NASDAQ:TTES) to the subscribers of my investment letter, Capital & Crisis, the stock tripled over the ensuing months. And even after I issued a “Sell” recommendation on the stock, it continued to move higher. But that was WAY back in July…and nothing is like it used to be.

From a high of $84 a share in July of this year, the stock has come all

Eternal Energy Corp. is an oil and gas company trading on NASDAQ’s OTCBB. Headquartered in Littleton, Colorado, they acquire, explore, develop, and produce petroleum and natural gas properties in the United States. The company focuses on high-potential frontier exploration and they have a current market capitalization of $7.17 million. The company previously went by the name Golden Hope Resources Corp.

Founded in July of 2003, Eternal Energy owns interest in the West Ranch Field in Jackson County, Texas. They have also entered into participation agreements for other oil and gas exploration projects. These are the Big Sand Spring Valley Prospect and Cherry Creek Project, both in Nye County, Nevada.

Eternal Energy owns 75 percent of the southwest extension of the West Ranch Field in Jackson County, Texas. They also control exclusive access to a proprietary/patented downhole gas/water separation and re-injection process. Numerous suspended or abandoned gas wells in the Canadian Western Sedimentary

As the saying goes in the investing world, “it’s only a profit when you take it”. Capital and quite a bit of sweat go into smaller cap companies. It is not until the product is on the shelves and selling that the profit actually begins to flow. From an ideal standpoint, finding a company that is just starting to see its products move is the place to be.

Platina Energy Corp., an oil and gas exploration company, works to acquire and exploit oil and gas properties primarily in Kentucky, Tennessee and Texas. Although the company operates with both gas and oil leases, it is currently finding great success with its gas ventures.

The company’s Kentucky leases are currently the bright spot for the company. It recently brought several gas wells online as pipeline infrastructure was completed. It expects that several more wells will be added to this production in the very near