{"id":1541,"date":"2013-05-30T14:14:42","date_gmt":"2013-05-30T14:14:42","guid":{"rendered":"\/?p=1541"},"modified":"2013-05-30T14:14:48","modified_gmt":"2013-05-30T14:14:48","slug":"citadel-exporation-inc-otcmktscoil-aims-for-historical-peaks-with-robust-buying","status":"publish","type":"post","link":"\/articles\/citadel-exporation-inc-otcmktscoil-aims-for-historical-peaks-with-robust-buying\/","title":{"rendered":"Citadel Exporation, Inc. (OTCMKTS:COIL) Aims for Historical Peaks with Robust Buying"},"content":{"rendered":"<p> Another ticker related to oil and energy has reared its head, this time Citadel Exporation, Inc (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COIL\">COIL<\/a>). The ticker is up on robust buying volumes, the highest in the past 10 months, and is getting revved to revisit the $2 heights of 2012. <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COIL\">COIL<\/a> went up more than 43% to $1.26. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/COIL0530.png\" border=\"0\" alt=\"COIL0530.png\" title=\"COIL0530.png\" width=\"400\" height=\"178\" \/> <\/p>\n<p>All of this is happening outside any recorded promotion, although the sudden activity and an almost fourfold spike in a month may invite professional pumpers. The company is moderately active with press releases, sharing mostly financial news and latest drilling agreements. <img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/COIL0530.png\" border=\"0\" alt=\"COIL0530.png\" title=\"COIL0530.png\" width=\"350\" height=\"156\" \/><\/p>\n<p>Financially, this newly- presented company stacks up with:<\/p>\n<ul>\n<li>$1.3 million cash<\/li>\n<\/ul>\n<ul>\n<li>$1.6 million total assets<\/li>\n<\/ul>\n<ul>\n<li>$202,948 total liabilities<\/li>\n<\/ul>\n<ul>\n<li>No revenues<\/li>\n<\/ul>\n<ul>\n<li>$418,389 net loss, $1.2 million net loss since inception<\/li>\n<\/ul>\n<p>The only red flag here are the non-existent revenue streams, although <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COIL\">COIL<\/a> claims to have several drilling arrangements. According to a company&#8217;s press release, drilling has just started in one of its plots, Rancho Grande, reportedly to initial success. The company also acquired new acreage, but when that will come online as a potential revenue stream is still questionable.<\/p>\n<p>While <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COIL\">COIL<\/a> seems to be on an upward trend, time will tell if this is sustainable. The company has enough credibility and a potential to go on, but negative sentiment and profit realization may bring the stock down on sales.<\/p>\n<p>The promotional scene is never free of companies promising mining success. For penny stock companies, this is the best combination of a legitimate-sounding promise about unknown factors. One of the noisiest current promotions is for precious and rare metals miner, Trulan Resources, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=TRLR\">TRLR<\/a>). For this ticker, promotions help to bounce up from a bottom of $0.012 and a bit above 2 cents. Here, the trades may be more heated than with the way more expensive <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COIL\">COIL<\/a>. But with most penny stocks, it is sudden investor interest that dictates the trends, rather than reason.<\/p>\n<p>In the past weeks, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=COIL\">COIL<\/a> traded sporadically, and it remains to be seen if high volumes will be preserved. But in any case, it is best to be cautious, especially if a company shows a propensity to large, disproportionate movements.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another ticker related to oil and energy has reared its head, this time Citadel Exporation, Inc (OTCMKTS:COIL). The ticker is up on robust buying volumes, the highest in the past 10 months, and is&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[713,30],"class_list":["post-1541","post","type-post","status-publish","format-standard","hentry","category-news","tag-coil","tag-trlr"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1541","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1541"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1541\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1541"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1541"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1541"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}