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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 higher in early trading today.

At last check, OREO shares were trading 3.73% higher at $0.250 on volume of 202,805. Despite the gains, the stock is down more than 20% in the last three trading sessions.

According to a 10Q filing made by American Liberty Petroleum last week, the company has not earned any revenue to date. OREO said in the filing that it expects to receive some revenue this month from the delivery of 27 barrels of crude oil produced from Paradise 2-12 well. Apart from this, the company does not expect to generate substantial revenue from oil and gas production activities in the foreseeable future.

 

June 19th, 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.