Banking

Fellow Profiteers,

As antipicated, FNRC has started strong with more coming. The share is now at $0.50 or up 40% since our alert. It looks like volume is also starting to pick up more and more. Can you see what the rest of the day will bring?
 

FNRC just had two consecutive days of breaking its recent highs, we feel like seeing a new 52 wk. high. What do you feel like this morning?

FNRC is clearly on a bullish trend, one you cannot ignore and one you should bank on immediately.

Be Quick!

Penny Profiteer's Team
 

If you missed our initial report, please read it here:

Second, the company has been releasing a string of major news regarding its financial backing and access to funding to pursue its goals to increase development, exploitation and production from its assets. Keep in mind that the Oil Shale business has been booming in light of the rising costs of the Oil Barrel. As you can see from the article that I published and was picked up by Yahoo Finance, Oil Shale Stocks have been showing tremendous returns to investors.

http://ca.finance.yahoo.com/news/oil-shale-frontier-pinksheets-fnrc-nyse-kog-nyse-035100162.html

Now considering the above and the fact that FNRC just executed its final documentation to access a $7M facility, I strongly believe FNRC could be another Kodiak Oil and Gas (KOG) or a Northern Oil & Gas (NOG). Here's the best part, we're at ground floor level and only way seems to be up for FNRC. Check the latest new here:

http://finance.yahoo.com/news/1st-nrg-corp-executes-7-170000046.html

We expect today to see some movement as there were plenty of traders in this pick yesteday and likely going to see some more volume. So don't wait too long before you get in, we expect this morning to be very active. Don't snooze on this one, we are already up 35% and this one has gone up to $0.60 recently on meager volume.

Can you guess what it's gonna do now that the markets have re-opened and more investors pick up on the recent news and volume influx?

We think you have an idea and you know what to do at 9:30 today.


If you missed it, here is our initial report & research.

----
Reliance on foreign energy and fossil fuels continues to be a hot topic despite the many start-ups looking to bank on the issue to develop local sources of energy. One such industry is the Oil Shale.

In recent years several companies have been extremely successful at leveraging this new opportunity. With the cost of Oil and Gas going up and the Barrel now above $100, the exploitation and production from Oil Shale assets has become a profitable one. The cost of the Barrel now justifies and leaves a profitable margin room for Oil Shale companies to still clear a a good despite the higher costs of exploiting both conventional and non conventional Oil Shale.

Success factors of such companies often revolve around the company's ability to find partners or funds to finance the exploitation and production from the acquired or leased assets. In many cases failure to access funding results in the projects becoming untenable for the business.

Investors looking to bank on these types of opportunities find themselves screening several different candidates with strong fundamentals as well as strong financial backing to pursue the business plan and objectives and achieve production stage profitability.

Our team of researchers took up the challenge of finding just such an opportunity and shortlisted one specific company that has recently issued very encouraging and positive news.

Click Here To Read Our Full Report & Research On FNRC.

FNRC, is an exploration and production company headquartered in Denver, Colorado with existing natural gas (CBM) assets in the Powder River Basin of Wyoming. FNRC owns working interests in producing and prospective CBM wells in the Clabaugh Ranch Field, a development of 6,025 gross acres in the Powder River Basin in northeast Wyoming.

Several key factors set FNRC apart and could make it another successful company like Northern Oil & Gas (NYSE: NOG) and Kodiak Oil & Gas (NYSE: KOG). Among others, FNRC's low geologic risk 42 wells have been drilled from August 2006 through December 31, 2010 with a success rate of 100%.

Furthermore the company just recently announced it has completed terms on a financing facility of up to $7M. The facility will allow the Company to draw in one or multiple tranches as agreed to between the lender and the Company.

The Press Release Can Be Found Here:

http://finance.yahoo.com/news/1st-nrg-corp-reaches-terms-130000977.html

FNRC announced earlier this week it had converted its Class A Preferred Shares into 1^stNRG Common Shares. FNRC closed a transaction with nine qualified investors in January 2011, pursuant to which the Investors purchased a private placement of Units consisting of Preferred Shares which have been converted into 44M Common Shares together with Warrants to purchase additional Common Shares. The total Unit purchase was $14.5M

Mr. Kevin Norris, CEO, said, "The ability of the Company to access the $14M coupled with the previously announced $7M facility will enhance development on its core properties in the Powder River Basin, the Utica Shale in Ohio and the Niobrara Shale in Nebraska.

The Press Release Can Be Found Here:

http://finance.yahoo.com/news/1st-nrg-corp-announces-conversion-120000979.html

FNRC looks to have gathered several key elements that could allow it to further pursue the company's objectives towards development, exploitation and production on its properties.

In the last three years several stocks have provided early investors with tremendous returns.

Northern Oil & Gas was trading below the $3 mark in early 2009 and reached $29 not two years later. Shareholders of Northern Oil & Gas (NYSE: NOG) were privy to returns ranging in the 1300%.

Kodiak Oil & Gas (NYSE: KOG) was traded at even lower prices ($0.30) during the same period in 2009. Shares have reached $10.75 three years later and once again providers shareholders with a return of more than 3700%.

For more information about FNRC, visit the company's website:

http://1stnrg-corp.com/

Sincerely,

Penny Profiteer's Team