AENP.OB

[David Randolph]

We got oil at an all time high, above $58:



We got oil & gas stocks (measured by the OIX) at an all time high:



About the relationship between oil and the whole market I wrote this small article: Why stocks rise when oil rises

I feel we'll have a bubble in oil and gas stocks over the next few months. Almost, if not all, stocks in that group are set to rise - the public will pick them in rage, I believe - before the bubble blows (as they always do).

We have 412 stocks in that sector, let me give you the list: http://www.marketwatch.com/tools/industry/stocklist.asp?siteid=mktw&bcind_ind=ene&bcind_index=1&bcind_period=3mo&bcind_compidx=

From these 412 stocks many don't have any volume. AMEP.OB, curiously is the one on the list with the highest volume by quantity of shares traded (of course, not by value, this happens because price is so darn low). Quantity of shares traded in AMEP.OB will sure be noticed by the public, when they come in bulges.

I have just 3.33% of my portfolio in this stock so I'm not worried about being losing 20% in it. I'm in for the big pull, I believe this stock will be a 10 bagger. In the meantime I'll probably be watching stocks from this 412 list, perfectly knowing a bubble is coming and that it will end someday.

[Gurukul]

I am a newbie. Can you tell me what does '10 Bagger mean'?

[Loffigus]

a "10-bagger" means a stock that will yield 1000% gain.  (10 times your investment)

[Gurukul]

Thanks (applaud)

[Gurukul]

David if there is a bubble in oil then should we have an alternate energy stock also in 3 fire portfolio? I suggest BLDP.

[stocky]

At one time we had DSTI in 3SF. Dont know which one can fit now.

[juando]

Thanks for creating such a friendly and informative forum David. I was directed to your forum while doing my DD on CYAD.

I got into TNOG a little over a week ago and am already up about 90%. As you and others have stated, anything in energy should be hot for the foreseeable future and I would like to invest in a couple more come Monday. AMEP looks like a winner and I will jump in on Monday. By the way, what do y'all think of OMOG? It has been running for several weeks now. Will it continue for the next few weeks or would I be left high and dry at the end?

[Wax]

I greatly welcomed the price recovery today. Holding long with an average price of .018 now. I should have known better not to sell off half my position Friday at a tasty loss. Oh well. Hopefully oil prices will hold high for a bit so this things "pumps" up. 

[David Randolph]

I'm holding this stock even if it breaks 50% from my buying point. I believe a bubble in oil stocks is coming in the next few months and AMEP.OB will be a 10 bagger. I'm looking for other oil stocks to buy ...

Though just 3.33% of portfolio in this stock, the price and volume is too low for more.

[TRUNK]

Good Call holding onto this one.. Your Ten Bagger looks like it could become a reality.. Just hit .02 cents .. 2 excellent days in a row.. I bought much more than I should of at .0148 So I'm liking what I'm seeing so far and time to let it r r r ride

[basanlas]

David,

Hopefully this will be a 10 bagger. After looking at the company profile they have 1 employee , who is the CEO , President,Director,Treasurer, etc... I guess an empty shell is ok just as long as all of us don't get left holding the bag in the end. Seems to be doing fine at this point though.

http://finance.yahoo.com/q/pr?s=AMEP.OB

[eagerlearner]

i think the info on the yahoo site is obsolete, looking at the website of the company, it at least have 2 persons on the board of director 
http://www.americanenergyproduction.com/board.html

[fantazia]

here is a little story 

Why will oil stocks rise? Well my old man who never invested in a single stock in his life ,tells me over dinner the other day  that he would like to invest in some oil stocks, I just smiled and thought to my self how many "would be investors"  are sitting on the fence  at the moment looking at the price of oil at new highs and wanting a piece of the action.  And what will they naturally do, well they sure won't buy a stock that is actually reputable and at 50$ a share,  they want results now and a bang for their dollar.  So they will search around and do what what David said, look for volume on cheap stocks, they will naturally think  "hmmm something must be up"  as to the reason the  stock is trading with such volume, moving higher and is so cheap in price.  So they load the boat and this has the formula for the making of a significant jump of share price  in a company that might be almost worthless on paper.

[David Randolph]

fantazia definitely got the point on small cap oil stocks. The public (and I'm sorry about calling his dad part of the «public»  ) is starting to get interested, the story of oil price runs so much in the news that they just become interest and buy without a second thought.

That's exactly why AMEP.OB is set to rise a lot (as other small cap oil stocks), we have the beginning of a bubble in front of our eyes.

1 person is enough to own an oil field 

Today's action on AMEP.OB was very encouraging, volume is keeping up as price pushes higher.

[David Randolph]

AMEP.OB lost the battle against $0.25-$0.26 again today. But it didn't lost the war. I'm really not concerned with the short term developments, but with this kind of consolidation one knows that if AMEP.OB pushes above $0.28 you almost automatically get a 100% advance.

But I'm not in this stock for 100%, I want all AMEP.OB is willing to give, and I believe it's a lot, since I perfectly expect a bubble in oil stocks to emerge.