The Rodney Dangerfield of the Junior Oil & Gas Sector
I asked my old man if I could go ice skating on the lake. He told me wait till it gets warmer.
A barrel of Crude Oil a few years ago was cheaper than a bucket of Kentucky Fried Chicken. I kid you not!!! Those days are over. Oil has more than doubled and is hovering around $65. This means ever increasing profits in upcoming quarters, which should significantly boost share price.
I TELL YA THEY GET NO RESPECT!!!
I told my doctor I swallowed a bottle of sleeping pills. He told me to have a few drinks and get some rest.
Jericho Oil's share price is 52 cents, almost at its 52-week low and off over 60% from its yearly high. With oil prices rising significantly this year... something is definitely wrong with this picture.
I TELL YA THEY GET NO RESPECT!!
This morning when I put on my underwear, I could hear the Fruit of the Loom guys laughing at me.
Invest with the smart money...Jericho has world-class, patient shareholders (cornerstone investors include the Breen [Ed Breen, CEO, DowDuPont] and Belzberg families...(google them, very savvy investors and business titans).They got in at the company's inception and provided all important strong equity financing support during the lean years 2015-2017 when others were fleeing the market. Follow the smart money. Money begets money !!!
I TELL YA - HE GETS NO RESPECT!!!
My wife made me join the Bridge Club ... I jump off next Tuesday.
The stock is very tightly held...JCO insiders hold = 46 % of the 128 Million of the issued and outstanding shares. The top 10 investors own =70% of the company and are in it to win it !!!
I TELL YA - HE GETS NO RESPECT!!!
I could tell my parents hated me. My bath toys were a toaster and a radio.
Jericho with zero net debt, JCO had the cash and foresight during the downturn to acquire a very high-quality portfolio of assets from distressed sellers... at the bottom of the market. Today JCO owns and operates =55,000 net acres in Oklahoma... including an interest in =16,000 in the prolific STACK Play, which was acquired well below the current market prices.
I TELL YOU THIS COMPANY GETS NO RESPECT!!!
I looked up my family tree and found 3 dogs using it.
JCO is laser focused. Its assets are all within close radius in Oklahoma Basin and its team of experts are all based locally, which will keep costs down significantly as the company grows.
Last week I told my psychiatrist "I keep thinking about suicide". He told me from now on you have to pay in advance.
Jericho Oil operates in a very pro-oil, pro-growth jurisdiction—Oklahoma is ranked as one of the best jurisdictions globally for oil and gas investment (source: Fraser Institute). As Texas oil fields dry up the smart money is heading north to Oklahoma.
I TELL YA - WE GET NO RESPECT!!!
What a childhood I had, when I took my first steps my old man tripped me.
Oil is here to stay- Elon Musk and his exploding cars assures that😊 The World runs on Oil and JCO has it in spades. Oil is the lubricant that keeps the World Economy humming. Problems in Venezuela and many Middle Eastern nations assure the prosperity and popularity of US Crude Oil and any company with land packages in oil rich Mid -America will thrive for years to come.
I TELL YA THIS COMPANY GETS NO RESPECT!!!
My wife and I were happy for 20 years. Then we met !!!
Management is young, experienced and most importantly extremely business savvy as witnessed by the scooping up of tremendous assets at fire sale prices. CEO Brian Williamson sheepishly proclaimed "Never let a good crisis go to waste." That my friends and fellow investors, is how fortunes are made !!!
In closing ... I hope his article made you smile and perhaps laugh out loud. Trust me - I'm serious as a heart attack when I say this investment game is really no laughing matter. We have been through close to ten years of a bull market in Tech and Fortune-100 stocks. It is high time to position yourself in high quality resource stocks which should boom when money flows into this neglected sector. It sure seems the Dow Jones bull is on its last legs.
THIS COMPANY WILL BE RESPECTED SOON - JUST LIKE MY PAL RODNEY!!!
For those who never heard of Rodney Dangerfield enjoy !!! Click here to watch the video.
While I am relatively new to the Oil and Gas sector from years in Gold and Silver Miners... the same investment principles hold true. Buy Low...Sell High. Sounds simple but 90% of investors can't seem to embrace that concept. You must be a contrarian investor and seek out the unloved and undervalued companies. The cream always rises to the top... In my humble opinion Jericho Oil fits this to a tee.
Oklahoma is nicknamed the "Sooner State". I suggest you get into JCO sooner than later 😊. Jesse Livermore considered the greatest stock trader of all-time wisely advised "Buy Right & Sit Tight".
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September 29th, 2023
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