SHARE

Folks at Black Stallion Oil and Gas Inc (OTCMKTS:BLKG) and their investors have a reason to smile as the firm ups its game. This is because the company has managed to significantly reverse the unfortunate downward trend that rendered its stock under $1 in June.

BLKG had an impressive stock performance when the stock shifted from the depressing low to a new high of 2.40 in August. The stock was, however, unable to maintain the impressive high and closed at $1.73 during Friday’s close last week. This marked a decrease of 8%, but the investors seem comfortable with that compared to the low performance in June. The company’s average share volume rose from 349,463 to 430, 280 despite the drop that took place last week. BLKG’s market capitalization at the time was $75.90 million.

Overview

Black Stallion Oil And Gas Inc (OTCMKTS:BLKG). is one of the major league stock promotion firms. It is located in Los Angeles, CA. Its main agenda is developing the shale oil and resources in the United States and Canada. The firm is currently focusing most of its field resources on the Alberta Basin Bakken located in northwest Montana. The Alberta Basin is said to be one of the biggest reserves of about 7.5 billion barrels of oil and 6.7 trillion cubic feet of natural gas.

The Company has already secured rights to own half of the 2,233-acre Woodrow reserves located within the Alberta Basin Bakken.

Highlights

The next goal for the firm is to find experts and suppliers that will develop the overall drilling plans for the Montana project. Detailed plans are expected in the future.

As for the stock performance, there is a lot of volatility in the market due to the numerous influences that are tied to the oil and commodities markets. However, the drilling plans are expected to generate some hype amongst the investors.

SHARE
Previous articleCannabis Science Inc (OTCMKTS:CBIS) Fails To Sustain its Gains
Next articleGenspera Inc (OTCMKTS:GNSZ) Stock Falls
Steve Kanaval: Portfolio Manager/Writer/ Market Analyst Steve began his career in the Trading Pits in Chicago making markets at the Chicago Mercantile Exchange (NYSE:CME) the Chicago Board of Trade and the CBOE in the early 80’s. He ran the Morgan Stanley Derivative Prop Trading for the firm specializing in Index Arbitrage. He continued his career as a Trader/Portfolio Manager for multiple Hedge Funds during the Internet Boom of the 90’s managing large portfolios. Steve is known as an expert in MicroCap Technology Stocks and the emerging Digital Currency markets as a Portfolio Manager for his Family Office. Steve has managed portfolio’s in volatile asset classes for 3 decades as a commodity trader, hedge fund manager and digital currency trader and miner. Steve publishes his views on the asset classes in a public forum and has published more than 10,000 articles simplifying these complex and volatile assets for readers. His work is published on multiple sites including Bloomberg, Equities.com, Hacked.com, CryptoCurrencyNews as a paid contributor. His work includes research, journalism and archived video on important market volatility related to stocks, digital currency and other volatile misunderstood asset classes. He offers a humorous, unique insight and the related back stories and drivers for readers interested in volatility and emerging market assets. Full disclosure Steve is long 25 digital currencies and sits on the board of multiple public companies involved in digital currencies, and owns shares in these companies from time to time.

LEAVE A REPLY