Matrix Energy Services Corporation is a North America energy resource company engaged in oil and gas development drilling and production using advanced exploration and recovery technologies on proven reserve fields. Matrix Energy focuses its exploration efforts on its significant holdings in Texas. It is redeveloping existing fields in and around Corsicana, Texas and other areas of the region where fields have been partially depleted by conventional production methods; but where significant, proven reserves of oil and gas still remain. These fields can become commercially viable and provide long-term revenue streams utilizing the latest technology The Company currently leases 4,500 acres in Barnett Shale Play in Wise and Denton Counties in northeast central Texas. The leased acreage is located in the Texas Railroad Commission District 9, considered one of the largest gas reserves in North America, with an estimated 40 rigs currently deployed, and over 700 wells drilled the past twenty years without a dry hole.

Analyst Conclusion:
In conclusion, a multitude of factors signal our positive outlook on MXES.Natural gas producers are poised to reap windfall profits should prices retain their strength. Furthermore, recent economic data confirms that the global economic recovery is gaining momentum. Finally, the demand for energy is increasing thus forming a solid foundation of price support. Higher energy prices translate directly into more profits for MXES, consequently this company takes the spotlight for creating value. Remember, this winter's price spike in natural gas positively impacted MXES's bottom line. Energy analysts are expecting another price spike right around the corner, just before the summer's driving season.

Target price (short term): 0.27$