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Micro-Cap in Focus; American Liberty Petroleum Corp. (OREO)

By Warren Paige

Shares of American Liberty Petroleum Corp. (OTC: OREO), an independent oil and gas company engaged in the acquisition, drilling and production of oil and natural gas properties and prospects, are down sharply today.

OREO shares fell to an intra-day low of $1.05. At last check, the stock was down 13.01% to $1.07 on volume of 402,198.

OREO shares are coming under pressure despite some recent positive development. OREO recently announced that Foreland Refining Corporation, operator of the Eagle Springs Refinery in Ely, Nevada, signed an agreement to purchase all of the company’s crude oil production from the Gabbs Valley oil field in Nye County, Nevada.

The agreement was signed between Foreland and Independence Drilling LLC, which is the designated operator for a joint venture between American Liberty Petroleum, Cortez Exploration LLC and Desert Discoveries LLC.

Alvaro Vollmers, President of American Liberty Petroleum, said that OREO’s next step is to maximize on the production potential of the Paradise 2012 well while further exploring other opportunities in the area.

May 3rd, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.