{"id":4382,"date":"2014-04-15T10:15:06","date_gmt":"2014-04-15T10:15:06","guid":{"rendered":"\/?p=4382"},"modified":"2014-04-15T10:18:05","modified_gmt":"2014-04-15T10:18:05","slug":"pacific-oil-company-fka-kat-racing-inc-otcmktspoil-gets-the-pump-treatment","status":"publish","type":"post","link":"\/articles\/pacific-oil-company-fka-kat-racing-inc-otcmktspoil-gets-the-pump-treatment\/","title":{"rendered":"Pacific Oil Company f\/k\/a Kat Racing, Inc. (OTCMKTS:POIL) Gets the Pump Treatment"},"content":{"rendered":"

\"POIL.png\"The whole thing started back in February when Wall Street Surfers as well as a few other smaller outfits started sending in alerts on Pacific Oil Company f\/k\/a Kat Racing, Inc. (OTCMKTS:POIL<\/a>). Touting has been pretty much constant since then and even Goldman Small Cap Research jumped in at one point with an optimistic research report and a $1.25 per share price target. <\/p>\n

Despite the pumpers’ enthusiasm, POIL<\/a> didn’t really seem too keen on performing. In fact, between February 20 and April 11, it managed to wipe out half of its market cap while registering some disappointing volumes. Yesterday’s performance wasn’t perfect either. The ticker opened with a gap up at nearly $0.37, it briefly touched $0.38, but then slipped and fell down. When the closing bell rang, POIL<\/a> was sitting at $0.33 per share which is 10% above Friday’s value. <\/p>\n

Clearly, the behavior is far from consistent, but the dollar volume (which stands at around $600 thousand) suggests that investors are finally paying attention. So, should they be interested? Or should they simply walk away?<\/p>\n

At yesterday’s close, POIL<\/a>‘s market cap stands at around $18 million and for that sort of money, you’ll get a company that has three full-time employees and a balance sheet that looks like this:<\/p>\n