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The U.S. is set to become the world's largest producer of liquid petroleum, with output likely to exceed Saudi Arabia's this month or next for the first time since 1991. U.S. production of oil and related liquids such as ethane and propane was level with Saudi Arabia in June and again in August at about 11.5M barrels a day, according to the International Energy Agency. U.S. crude production in August was still lower than both Saudi Arabia and Russia.
Below is an update we are currently sending to our greater database lists which includes over 7700 contacts.......The stock stands a very realistic chance of busting past a recent 52wk high it set at 1.10 earlier in sept....
From what we're hearing, this is going to be pretty major for MCWEF and the industry in general....
From
First, the announcement last week that started the sturring:
MCWEF ribbon cutting ceremony 1pm Wednesday PST…the first EPA certified oil sands processing plant in the united states…
The 250 barrel a day plant will have worldwide media coverage…and my capital markets team says they have multiple offers to finance a $100 million expansion to 10,000 barrels a day production…with structured finance deal by year end latest…NO dilution for existing shareholders!
Time to get into the stock is now around a buck…we have $2.50 price target for 2016 for 5000 barrel a day plant…$5 for 10,000 barrel a day plant at $50 net per barrel…
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Disclosure: Greenbackers does receive compensation from time to time from NBT Equities to assist in spreading awareness on emerging growth stock situations.
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