posted
BDGR..the "play of the day" for tommorow! $4 target. 7 times daily average...oil and gas..check out the chart..closed at HOD..check out there latest prs!!
its all there in black and white i see a gap of just $1 tommorow!
-------------------- please dont trade stocks on my alerts, do your dd first.
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RedChip Visibility Initiates Research Coverage on Black Dragon Resource Companies, Inc. With Price Target of $4.00 Thursday March 16, 9:46 am ET
ORLANDO, FL--(MARKET WIRE)--Mar 16, 2006 -- RedChip Visibility, a division of RedChip Companies, announced today that it has initiated coverage on Black Dragon Resource Companies, Inc. (Other OTC:BDGR.PK - News). RedChip Research Analyst Patrick Murphy issued a 12-18 month price target of $4.00. Assuming there are no surprises in the audited statements, it is likely that the market will take a fresh look at BDGR's stock and the near and long-term growth prospects for the Company. We believe therefore that the stock is currently undervalued and has strong short-term and long-term upside potential.
For your free copy of this research report, click here (http://www.redchip.com/visibility/about.asp?page=requestBDGR).
About Black Dragon
Black Dragon Resource Companies, Inc. is noted for its domestic oil and gas assets located in the Caddo Pine Island region of Louisiana. The company has no exploration risk. Black Dragon's portfolio contains an ever-increasing number of producing wells.
About RedChip Visibility RedChip Visibility brings research on selected small-cap companies to analysts and portfolio managers, and provides small-cap companies access to both professional and individual small-cap investors by holding conferences throughout the United States and writing company sponsored research. For more information, visit http://www.redchip.com/visibility/featuredStocks.asp.
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RedChip Visibility Research Disclosure
The analysts contributing to this report do not hold any shares of BDGR. Additionally, the analysts contributing to this report certify that the views expressed herein accurately reflect the analysts' personal views as to the subject securities and issuers. The analysts writing this report recognize and aspire to all of the CFA Institute Guidelines for Independent Research. RedChip Companies, Inc. ("RedChip") certifies that no part of the analysts' compensation was, is, or will be, directly or indirectly, related to the specific recommendation or views expressed by the analysts in the report. Additional information on the securities mentioned in this report is available upon request. This report is based on data obtained from sources we believe to be reliable, but is not guaranteed as to accuracy and does not purport to be complete. As such, the report should not be construed as advice designed to meet the particular investment needs of any investor. Any opinions expressed herein are subject to change. RedChip Companies Inc. is an affiliate of the Aurelius Consulting Group, Inc. Black Dragon Resource Companies, Inc. is a client of the Aurelius Consulting Group, Inc. and of RedChip Visibility, a division of RedChip Companies. BDGR paid RedChip Visibility $36,000 for the RedChip Visibility program, which includes this report.
RedChip Visibility/Aurelius Consulting Group Inc. Disclosures
RedChip Visibility, a division of RedChip Companies, Inc., and the Aurelius Consulting Group Inc. in a joint marketing agreement have been contracted by Black Dragon Resource Companies, Inc. to increase investor awareness of BDGR to the small-cap equity community. These services may include investor conferences and digital and print distribution of BDGR investor related materials. RedChip Visibility and the Aurelius Consulting Group Inc. will receive $15,000 per month for these services.
Press Release Source: Black Dragon Resource Companies, Inc.
Black Dragon Completes Acquisition of 70 Additional Oil and Gas Wells Producing 500 BOE per Month Friday March 10, 2:00 pm ET Issues Guidance for Year End Production
AUSTIN, Texas--(BUSINESS WIRE)--March 10, 2006--Black Dragon Resource Companies, Inc. (Pink Sheets: BDGR - News) announced today that it has completed the acquisition of 70 additional oil and gas wells, 36 of which are currently in production at the rate of approximately 500 barrels per month. The remaining 34 wells will be in production by May 1, 2006. The Company expects the 70 wells in total to produce over 1400 barrels per month. The acquisition price for the properties was approximately $220,000. ADVERTISEMENT
The wells are located contiguous with the Company's Pine Island properties in Louisiana. The Pine Island area is the second most prolific area for oil reserves in Louisiana, according to published oil industries statistics.
"With the completion of this acquisition, Black Dragon is poised for rapid revenue growth in 2006. With 1200 company well bores, including 413 producing wells currently in our portfolio, it is our goal to be on target by year end to produce over 30,000 barrels of oil per month," said Rick Michael, President of Black Dragon.
About Black Dragon Resource Companies, Inc.
Black Dragon is focused on the recovery of oil and gas reserves through acquisition and project development, specializing in mature and marginal field enhancement, developmental exploitation drilling and low-risk exploration opportunities in the Texas and Louisiana region.
Forward-Looking Statements
Certain information discussed in this press release may constitute forward-looking statements within the Private Securities Litigation Reform Act of 1995 and the federal securities laws. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions at the time made, it can give no assurance that its expectations will be achieved. Readers are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements are inherently subject to unpredictable and unanticipated risks, trends and uncertainties such as the Company's inability to accurately forecast its operating results; the Company's potential inability to achieve profitability or generate positive cash flow; the availability of financing; and other risks associated with the Company's business. The Company assumes no obligation to update or supplement forward-looking statements that become untrue because of subsequent events. .
Contact: Strategic Growth International, Inc. Stan Altschuler / Richard E. Cooper 212-838-1444 Saltschuler*sgi-ir.com RCooper*sgi-ir.com or Dragon Resource Companies, Inc. Rick Michael, 512-442-4151 rick.michael*sbcglobal.net
-------------------------------------------------------------------------------- Source: Black Dragon Resource Companies, Inc.
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Estimated Market Cap: Not Available Authorized Shares: 25,000,000 as of 2005-01-01 Float: 2,390,000 as of 2005-06-05 Number of Shareholders of Record: 364 as of
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posted
don't forget redchip is being payed $15000 a month to pump this so you really think they would come and say this stock is a ripoff. Of course they are gonna say it's worth a lot more, doesn't mean the market does. Be careful.
-------------------- wide open until you see god, then brake!
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