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American Eagle Energy (AMZG)

 

July 13, 2011

American Eagle Energy (AMZG), just as we’ve been projecting, continues to make accelerated progress on its Bakken oil and gas operations, which we anticipate will soon be reflected in a much higher AMZG share-price. If you have not done so already, now is an opportune time to establish a position in AMZG below $1.50 per share.

In just the last four months, American Eagle Energy has:

  • Executed a definitive agreement with Eternal Energy on the companies’ proposed Plan of Merger, which could eventually lead to a senior exchange listing such as the NYSE Amex or NASDAQ

  • Returned the Hardy 7-9 discovery well to production with plans for drilling an offset well

  • Released updates on its interest in the Bagley well (Spyglass Project) where several offset wells have averaged over 500 barrels per day

  • Announced development plans for 2 wells to be drilled on the Spyglass Project before the end of the calendar year

  • Finalized a farm-out agreement with Passport Energy on the Hardy Bakken Field in the Saskatchewan Bakken play

  • Entered into a joint participation agreement with FX Energy on an emerging Bakken Source System play located in the Southern Alberta Basin

  • Initiated evaluation efforts on its Alberta Bakken acreage in Toole and Glacier Counties, Montana, in conjunction with its joint venture partners FX Energy and Big Sky Operating

  • Spud its first horizontal Bakken development well in the Hardy Field with its partners Eternal Energy and Passport Energy

  • Received $7.165 million to be divided equally between American Eagle and Eternal Energy through the sale of part of the Spyglass Property, thus providing significant capital while still retaining a major interest in the project

  • Completed drilling and casing of a second Hardy Prospect Bakken well, representing the initial earning well for the farm-out agreement among American Eagle, Eternal Energy, and Passport Energy

American Eagle Energy (AMZG), under the veteran leadership of CEO Richard L. Findley, now finds itself in a solid position from which to build cash flow and reserves while developing its significant inventory of Bakken well locations in both the Williston and Southern Alberta Basins. With momentum building, American Eagle should continue to be an exciting stock to watch over the coming quarters as the company solidifies its position as a top emerging player in the prolific Bakken Trend. We are maintaining our Strongest-Buy rating on AMZG up to $1.50 per share.

 

March 3, 2011

American Eagle Energy (AMZG) has now moved up by approximately 140% since our July 24, 2010 buy signal at the $0.98 level to current prices around $2.35 per share. Again, we remind you that it is always a prudent trading strategy to protect gains during early upward share-price runs by selling part, or in some instances all, of your position. We remain extremely upbeat about the longer-term potential of American Eagle Energy as the company expands operations in 2 key Bakken Oil-Zones – and we are projecting increasing stock-gains over the coming quarters. Yet, you should keep in mind that all stocks carry risk, and emerging exploration companies are typically associated with an elevated risk factor.

In recent news, American Eagle has announced its intent to merge with Eternal Energy Corporation, which we believe is a positive, albeit pending, corporate development for American Eagle Energy. The proposed merger, if consummated, should result in a stronger oil and gas exploration company with even greater potential for expanding value for early AMZG shareholders.

In regard to the Eternal Energy news, American Eagle’s president and CEO, Richard Findley, commented via press release on 23 February: “This proposed merger provides a unique opportunity in the near term for American Eagle and Eternal Energy to consolidate their respective interests in several low risk Bakken properties in Saskatchewan and North Dakota with a large, highly prospective acreage position in the Montana portion of the rapidly emerging Alberta Bakken play. In the longer term, the combined company will also provide better leverage for development of the other recently announced American Eagle oil plays located in Montana. The individual strengths of the two management teams and their previous experience in these areas should provide significant depth for the new company to draw on as it moves forward in executing its post merger plans.”

The proposed merger should also effectively reduce the number of shares outstanding and pave the way for a possible upward transition to a senior stock exchange listing such as the NYSE Amex or NASDAQ. All indicators point to increasing market attention in both Bakken oil plays this calendar year – which should be a key value driver for AMZG shareholders going forward.

 

February 25, 2011

American Eagle Energy (AMZG) is gaining solid upward momentum as it moves toward phase-one drilling in two key Bakken Oil-Formations in North America. In just the last month, the AMZG share-price has increased by approximately 109% from $0.98 to $2.05 per share. We are maintaining our Strongest-Buy rating on AMZG up to $2.25 per share.

Remember, it is always prudent to protect partial-gains on the way up. This astute trading discipline effectively mitigates risk while providing an opportunity for the obtainment of longer-term potential gains as the company completes certain milestones.

American Eagle, under the leadership of legendary oil-finder Richard Findley, holds a very realistic opportunity for discovery in the proven Bakken-Trend in North Dakota/Montana and also in the newly-emerging Alberta Bakken-Trend, which covers parts of northern Montana and southern Alberta. Following is a brief update on the company’s key properties from both Bakken-Zones.

North Dakota/Montana Bakken:

Galaxy Prospect – The giant Elm Coulee Field, discovered and developed by American Eagle principals, overlaps part of AMZG’s Galaxy project area. The company is actively leasing a 4-section block surrounded by multiple offset wells with per-well reserves of 200,000 to 400,000 barrels of oil. In addition, the company has 2 large farm-in requests being considered by major operators that could lead to a 12 to 50 well drilling program.

Hardy Prospect – The upcoming Hardy drilling program offers tremendous upside potential to early AMZG investors. Immediate plans include drilling an offset horizontal Bakken well up-dip from the original discovery well in the second quarter of 2011 with longer-term potential for drilling 14 to 28 horizontal wells.

Spyglass Prospect – This project is situated within a large oil-resource play targeting both the Bakken and Three Forks formations with potential reserves of 2.5 million barrels. American Eagle’s current development program on the Spyglass project is the culmination of extensive mapping of both the Bakken and Three Forks formations concentrating on the best areas of reservoir quality.

Benrude Prospect – Primarily targeting the Nisku Formation at a depth of 7,600 feet, this project holds excellent reservoir quality based on average reserves in surrounding fields of approximately 1 million barrels of oil per well. AMZG has negotiated exclusive farm-in rights and will hold a 100% working interest before payout and a 75% working interest after payout.

Alberta Bakken:

Glacier Prospect – AMZG’s 75,000 acre Glacier project comprises 3 prospective areas within the emerging Albert Bakken play; AMZG is also in negotiations to acquire interests in an additional 65,000 acres within the immediate surrounding area. The Alberta Bakken is considered a multi-zone play targeting the Bakken, Banff, and Three Forks formations. American Eagle is utilizing its vast experience in the Elm Coulee Bakken development area (300 to 500 million barrels) to map out and acquire what it has identified as reservoir sweet-spots within this emerging petro-zone.

A recent BMO Capital Markets report on the Alberta Bakken estimates an EUR (Estimated Ultimate Recovery) per well of 250,000 barrels. American Eagle’s own analysis supports estimated reserves ranging from 162,000 to 377,000 barrels per well. American Eagle’s Glacier Prospect is also within close proximity to recent horizontal wells being drilled by majors Newfield and Rosetta -- AMZG has slated its initial test well for April 2011.


January 25, 2011

American Eagle’s steadfast focus on the 167 billion barrel Bakken Oil-Trend may soon pay-off handsomely for early AMZG shareholders. Right now, we’re seeing a number of key indicators pointing to a projected, sustainable upward run in the AMZG share-price as we move toward the spring/summer drilling season. American Eagle Energy’s recent land expansion activities in a newly-emerging section of the Bakken Super-Field should also provide a substantial near-term boost as this brand new area-play reaches the larger media outlets.

To quickly recap our AMZG trade thus far, I announced an initial buy-signal on American Eagle Energy in July of last year at the $0.65 per share level. The stock quickly moved approximately 78% higher to an interim high of $1.16 per share [where many of you likely took partial profits off the table] and has since pulled back to within our original buy-zone. The company has also now officially implemented its previously announced 1-for-1.5 reverse stock split. We view the reverse split as yet another positive move for the company as it effectively tightens up the share-float by reigning in the number of shares outstanding. Thus, for every 15 AMZG shares you previously owned, you now own 10 AMZG shares (or one-third fewer shares) and the share-price has been equally adjusted upward by the same percentage. Thus, there has been no change in the value of your AMZG holdings as a result of the reverse split, and the company and its shareholders can now mutually benefit from a tighter AMZG share-float.

For the purpose of our track-record, and to reflect the reverse stock-split, our initial buy-point on AMZG is being adjusted upward from $0.65 per share to $0.98 per share.

You’ll soon have my comprehensive report update on American Eagle Energy. In the meantime, I want you to read the company’s 21 January press-release regarding American Eagle’s acquisition of several new Bakken prospects click here. Now is an opportune time to establish or add to existing American Eagle Energy (AMZG) positions. I fully expect the AMZG share-price to commence a near-term, sustainable upward run as the company continues to expand and develop its petroleum operations within the prolific Bakken Super-Field. Buy AMZG immediately up to $1.20 per share.

 

August 4, 2010

Less than two weeks ago, on 24 July, I announced an Urgent Buy-Signal on American Eagle Energy (AMZG) based on what I saw as a temporary share-price pull-back to $0.65. I stated, “AMZG closed Friday’s trading session at $0.65 – and our indicators are pointing to a very rapid run-up to the $1 level.” For those who followed my 24 July buy-instruction, today we’re seeing AMZG at the $1.00 mark on solid trading volume, and I fully expect the uptrend to continue.

This week, American Eagle, along with joint venture partner Eternal Energy, announced the work-over completion of its Hardy Prospect well in the Bakken Trend and that production is expected to commence sometime next week. American Eagle president and CEO, Richard Findley, stated, “We are hopeful that the well can be returned to its historical production levels, which will provide early cash flow and serve as a springboard for future drilling efforts in the area.”

That is precisely how I see AMZG advancing share-value over the coming quarters: early production successes leading to increased cash flow to fund further property acquisitions and larger drill campaigns eventually leading to discovery.

American Eagle also just announced the appointment of Tom Lantz as Vice President of Operations. A professional engineer with over 30 years of experience, Tom Lantz previously served as Asset Manager for energy services giant Halliburton (NYSE: HAL) from 1998 to 2006, where he led several highly successful development programs including the initial development of the Elm Coulee oil field in the Bakken Trend. As you know, AMZG president and CEO, Richard Findley, is credited with the discovery of the 270 million barrel Elm Coulee field—and now the power-duo of Findley/Lantz puts American Eagle Energy that much closer to the next major Bakken discovery.

We just witnessed a major spike in the AMZG share-price from $0.65 to $1—as predicted. You should continue to expect a high degree of volatility during this early development stage, and thus, it is imperative that you stay vigilant of down-dips and price-spikes (which could signal secondary buy-windows and interim profit-taking opportunities). If you have not done so already, make sure you accumulate an early position in American Eagle Energy (AMZG) at the current $1 per share range.

 

July 24, 2010

American Eagle Energy (AMZG) is our most Urgent Buy-Recommendation from the U.S. oil and gas exploration sector. I am urging my fellow readers to take full advantage of what I see as a very temporary pull-back on American Eagle shares. AMZG closed Friday’s trading session at $0.65 – and our indicators are pointing to a very rapid run-up to the $1 level. Make sure you utilize this opportunity to begin your AMZG stock accumulation around Monday’s market open. This could be one of the quickest doubles you will ever see.

American Eagle Energy is establishing the pole position in the prolific Bakken Trend in America’s high plains region (including parts of Saskatchewan and Manitoba, Canada). American Eagle is led by company president, Richard L. Findley, who is credited with putting the Bakken Formation on the American oil-map in 1990 with his Elm Coulee discovery. The Bakken is Big-Time oil production territory – estimated by the U.S. Geological Survey to contain up to 4.3 Billion barrels. Current estimates put Findley’s Elm Coulee Discovery at 270 Million barrels of recoverable oil – or more than $19 Billion at today’s oil prices – making it the biggest find in the lower 48 states in the last 56 years. In 2007 alone, production from the Elm Coulee averaged 53,000 barrels per day – more than the entire state of Montana a few years earlier.

Now, Richard Findley is leading American Eagle Energy (AMZG) in the Bakken Trend – and the company has already secured 3 prime properties that could hold huge discovery potential: Hardy Prospect, Galaxy Prospect, Spyglass Prospect. Early-stage stock opportunities in the U.S. petroleum exploration sector are often characterized by volatile trading patterns as properties are acquired and as reserve estimates are compiled. To that end, AMZG is presently demonstrating a heightened degree of share-price volatility, which is providing us with a brief window of opportunity to get in well below the $1 level. I am confident we will see AMZG spike to above $1 in a matter of weeks, if not days.

I am in the process of compiling my full-report on American Eagle Energy (AMZG), which will be in your hands shortly. In the meantime, I recommend that you conduct your own due diligence; a great place to start is the company’s corporate website at www.AmericanEagleOil.com. You can also view a Wall Street Journal article here which details Richard Findley’s original discovery in the Bakken Trend – The Elm Coulee Field. I have every confidence that Richard Findley can lead American Eagle to the next major Bakken discovery. We could realistically see AMZG triple before American Eagle even puts the first drill hole in the ground.

My Strongest-Buy Signal: Buy AMZG near Monday’s market open. Again, I see AMZG quickly moving up to the $1 level. Your trading strategy may include selling a portion of your AMZG share-position at an early double. Yet, keep in mind the longer-term blue-sky potential of American Eagle Energy, which could be phenomenal. Richard Findley knows the Bakken Formation like the back of his hand, and early AMZG shareholders could soon be profiting from multiple Bakken discoveries over the next couple of years. Do not miss this advantageous buy-window below the $1 level.

 
                   
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