American Liberty Petroleum Gets Dunked Some More (OREO)

Shares of American Liberty Petroleum (OTCBB: OREO) slid a few more pennies this week. To holders of the stock, the symbol OREO as of late has little resemblance to the fun cookie that you can unscrew and eat the middle while dunking the chocolate outside in a cold glass of milk. The only similarity over the last week is the part about getting dunked. In the most recent seven days American Liberty Petroleum stock has declined from $1.00 to a close of $0.396 today, which equates to a loss of 60 percent. The stock rallied a bit after making a fresh annual low this morning when it touched $0.36. The number of shares traded neared 1.4 million. The thirty-day average volume for the stock is approximately one million per day.

At the end of the March, American Liberty Petroleum came within a penny of hitting $2.00. In early April the stock fell from those heights, dropping more than 75 cents.  Share prices stabilized a bit in mid-April and buyers managed to drive American Liberty Petroleum stock back above $1.75 for a brief time. Since the rally in April, however, share prices have fallen steadily to the low point today. Active trading in the stock only started back in early March.

Founded in 2008, the Bakersfield, California-based company purchases natural gas and oil properties for the purpose of drilling and production. American Liberty Petroleum searches for onshore domestic energy sources in this country that they considered undervalued. The company owns several exploratory land parcels. It claims over 8100 acres of a 26,000 tract in the state of Nevada. Some estimate that the entire site may hold 4 billion barrels of oil reserves. Currently no analysts cover the stock and therefore, no earnings estimates are available.

The volatility in shares of American Liberty Petroleum somewhat coincides with the price movement in crude oil. Brent Crude hit a peak in early March. Since that time benchmark oil prices have declined between 15 to 20 percent. Exploratory companies may also be affected by the recent strength of the U.S. dollar since oil and the “greenback” tend to move in opposite directions.

Outside of the daily swing in oil prices, other recent news on American Liberty Petroleum includes the following:

  • May 21- Small Cap Network ponders the prospect of a rally for shares of American Liberty Petroleum
  • May 13- Seeking Alpha asks the question whether American Liberty Petroleum is a promising prospector or a “barrel of snake oil”
  • May 7-American Liberty Petroleum signs an agreement with Netherland, Sewell and Associates to help evaluate its Cortez oil operations.
  • March 20- The Company sees promise at Paradise well
  • March 5- American Liberty Petroleum benefits from rising oil prices

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Published by Donna Fago

I believe in writing content Informing investors with the knowledge they need to invest better today- I have been following the markets for many years and was asked to join the team at recently due to my passion for the markets.