Banking

This oil company recently signed an agreement for a property based in Mississippi comprising 45 acres and one which it will have 75% working interest. In other words, 75% of the oil that is drilled with fall to STSC – if that isn't a vote up for its growth potential we don't know what is.

Certainly with oil at a surplus on the global scale, (STSC) will be getting into the game quite possibly at the point where the market begins to find support. 
 

STSC is positioned well, especially given the strong sentiment by key analysts of a potential rebound for oil. One Wall Street analyst believes oil will be headed back to $80 a barrel.

On top of the strong fundamentals, STSC is also showcasing some very bullish technicals. Volume levels are decently placed and market valuation is on the strong side of a huge uptrend.

It means, at the very least that the company's recent signing of an agreement granting 75% interest in a Mississippi oil project is pure gold. According to STSC the oil property was discovered in 1943 and since then has produced more than 7.6 million barrels of oil.

 

STSC and its 45-acre portion of the property is therefore prime candidate for attention. The company now has the sort of growth potential that makes its short term position very attractive.

 

This is a play that you can easily take gains from multiple times.


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