OOIL Ready for More!
Good morning again everyone! It looks like the cat’s out of the bag and OOIL is gaining a lot of attention. After beginning its breakout last week, it seems as though this “clean frack” play has built incredible momentum to find new highs every day. This morning the company released a shareholder newsletter on the heels of yet another day of upward movement (See newsletter below). As you’ll see on the chart, OOIL has simply been a beast and not only has it moved up more than 60% in the last week but volume has also picked up significantly:
As I stated above, OOIL also just released a shareholder newsletter updating everyone on the progress and latest developments both for the company and the industry. Most notably, the unrest in Iraq has created a rift in America’s external sources for energy. The newsletter cites On Point’s Tom Ashbrook saying, “This country is poised to go after a lot more domestic natural gas. And for better or worse, that means a lot more fracking. Call it mega-fracking.”
The true and immediate potential for OOIL rests in domestic production and the increase in state-side reserves. OOIL CEO Riggs Eckelberry says, “The fracking boom is on its way. It’s now “mega-fracking”. There are environmental concerns galore, but for us the main focus is water. Water isn’t cheap, and drillers need to reuse the water that comes gushing out of their wells, continuously and without using chemicals. Our technology does that very efficiently, and the industry is taking notice.”
As domestic production sets up to kick into high gear in a “Mega” way, OOIL is right there to efficiently recycle frac water to provide an effective means of not only providing much needed, clean water to frac operations but also to protect the environment around it. With the latest success OOIL’s CLEAN-FRAC1000 has seen in Colorado, there’s no telling how massive this could be for the company in the coming weeks and months. You can read the full newsletter HERE and make sure you sign up on the company’s site for more of these updates.
It’s time to pull up OOIL this morning and get ready for the open. Keep your eye on you inbox for more on OriginOil!
Mr. Investor News Source