The Penny Stock Picker's Last Pick (CNRH) exploded from $ .50 to $1.80, a gain of over 260% in 7 days (Oct 2-9)!!!
Here is our NEXT HOT PICK which we feel will outperform all other picks over the short-term!
Environmental Remediation Holding Corp.
OTCBB: ERHC
Current Price: $ .35
Immediate Target: $1.20
We are sending this URGENT INVESTOR BULLETIN to our millions of subscribers IMMEDIATELY to allow investors the opportunity to accumulate a substantial position just before earth-shattering news is released that will send shockwaves through ERHC.
Bids from the largest oil companies in the world will be announced within 10 days for licenses granting the right to partner with ERHC and ExxonMobil in 6 of the richest offshore oil blocks in West Africa. Specifically, ExxonMobil and ERHC jointly own 40% in two of the blocks, providing ExxonMobil with 25% to ERHC's 15% in each. ERHC controls a more substantial percentage in the four remaining blocks.
ERHC's control in this major stake was revealed a few months back in an
L.A. TIMES Front Page article which valued ERHC's position at "hundreds of millions of dollars" controlling 4 BILLION to 8 BILLION barrels in oil reserves. There have been many feature articles written recently detailing the fierce bidding war taking place by major oil firms to participate in this oil-rich region off the coast of Nigeria, Africa's biggest oil producer. ERHC is preparing to score a huge windfall from the bidding in the licensing round which is expected to raise over $1 BILLION DOLLARS!
L.A. Times research easily values ERHC at well over $1.00 per share and goes on to suggest the strong possibility of ERHC being acquired by one of the major oil companies! There has been an ever-increasing rush for oil riches in West Africa by the major oil groups over the last 2 years, including the buyout or takeover of companies with holdings in this area. The region provides 15% of American oil imports but is targeted to grow to 25% as the U.S. government seeks to reduce energy reliance on the Middle East.
Aside from ExxonMobil (NYSE:XOM), other multinationals involved in the bidding round who are capable of infusing this high level of capital include RoyalDutch/Shell (NYSE:RD), ChevronTexaco (NYSE:CVX), ConocoPhillips (NYSE:COP) and Marathon Oil (NYSE:MRO). The trend is clear and beyond coincidence that all of these oil giants have been recently involved in a significant takeover or merger. The seismic data for the oil blocks is being provided by Schlumberger (NYSE:SLB) the world leader in reservoir imaging services.
The release of bidding round data is just the tip of the iceberg and we expect a continuous flow of huge news announcements detailing the highly profitable chain of events to follow for ERHC. We can state from our judicious research that we are not alone in viewing ERHC as one of those extremely rare opportunities where the impact of a major news event simultaneously boosts the value of a company while ultimately providing substantial reward for its shareholders.
Disclaimer: The Penny Stock Picker (PSP) newsletter report shall not constitute an offer to sell any securities or solicitation of an offer to buy any securities. Certain statements in this profile are forward-looking statements and are subject to certain risks and uncertainties. These risks and uncertainties could significantly affect results in the future and actual results may differ materially from any representations herein. Investing in securities is speculative and carries a high degree of risk. Past performance does not guarantee future results. Readers should consult with a tax or financial advisor with respect to any contemplated investment in the featured company. Investors should independently verify all information and fully understand all risks before investing. For this feature profile and continuing research coverage concerning the profiled company, a third party has retained PSP and has agreed to pay twenty-five thousand dollars pursuant to a compensation ag!
reement. The PSP is not currently a registered investment advisor or broker dealer.
