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COPYRIGHT 2006 M2 Communications Ltd.
M2 PRESSWIRE-30 June 2006-TradersWorks.com: Industry Trends, Market Leaders - June 30, 2006(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:30062006
Dallas, Texas - TradersWorks today: Pilgrim Petroleum Corporation (PGPM); Rheologics Technologies, Inc. (RTGI); Xero Mobile, Inc (XRMB); Smart Card Marketing System, Inc. (SMKG); Reeltime Rental, Inc. (RLTR)
Oil surges towards $74 on a positive outlook for economic growth, increase of fuel demand in U.S and shipping delays with the closure of a key-shipping channel in Louisiana. Traders fear that high fuel prices leading to inflation could weaken oil demand growth, yet U.S. demand keeps strong in record numbers with drivers heading to the road on July 4th holiday weekend.
The positive outlook of the energy sector leads TradersWorks.com to keep an eye on Pilgrim Petroleum (PGPM) and its most recent developments today. Daily High: 0.0550; Daily Low: 0.0400. The company's 1-2 year projected EPS is 0.154, which leads to an estimated stock intrinsic value of $2.847. Stock Price closed on Thursday at 0.0500.
The company recently announced the implementation of a well reactivation program on 10 previously shut in wells located in Archer County, Texas, on City National Bank Property. This lease has a historical accumulative oil production of 55,733 BBL and will contribute to the White...
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