Independence Energy’s (IDNG) Monumental Climb Continues, Potential Still Not Reached

Independence Energy (OTC: IDNG) once again closed the day at a new high of $4.08, raising another solid 7%.

The company has had another strong week, further solidifying the month of June as its best month ever. Since June 1st, 2012, Independence Energy has nearly doubled its stock, suggesting that momentum is growing at such a pace that the potential of the company is much greater than once thought.

The company first entered the stock market on February 22nd, 2012, just over four months ago. On February 27th, 2012 the company reached $1.00. Such a quick rise for a penny stock is unheard of.  Usually, it takes weeks, if not months, before a company can increase its value about the one dollar mark. However, Independence Energy didn’t stop there.  A month later on March 27th, 2012 the company rose to $1.56, then to  $1.75 on April 27th, 2012, and $2.88 on May 27th, 2012.

With a stock price chart that virtually has no dips in value, Independence Energy has been consistently growing for the last four month, implicating that the market for oil and gas is still very relevant. It has also created a momentum for the company that is only solidifying as the days go by.

What does such growth and momentum do for a company? Typically, it gives them opportunities. One of the more impressive aspects of Independence Energy is that it is taking advantage of all of its opportunities.

As reported by www.seekingalpha.com on Monday June 13th, 2012, the company announced that it had elected to access an initial portion of its $1 million drawdown financing facility, demonstrating a certain level of confidence.  It shows that the company is willing to take their own financial risks in order to improve their success as an oil and gas company. It’s a necessary risk, as gas prices continue to rise around the world, while there’s a growing fear of losing access to our precious resources amongst many countries.  That final push towards finding the `last remaining oil` is on.

Another reason the company has found continuing success in the market is because they have been able to tailor to the public. For instance, the company recently announced that it had approved a five-for-one forward split of its common shares. This split benefited shareholders by giving them an additional four common shares for every one share held on a yet-to-be named record date. The fact the company was so open to sharing its success suggests that it will continue to take such actions moving forward. As long as the company remains successful, its shareholders will benefit.

What does the future for Independence Energy look like?  If the past is any indication for the future, then the public can expect the company’s stock to continue to rise.

Please make sure to read and completely understand our disclaimer at https://www.wallstreetpr.com/disclaimer. While reading this article one must assume that we may be compensated for posting this content on our website.

Published by Van Bettauer

Van Bettauer is a financial aficionado from Vancouver, British Columbia. He currently studies at UBC, pursuing a Bachelors of Science degree. Van has been freelance writing for many years, specializing in copywriting, report writing and article writing. The combination of his scientific studies and writing experience brings a new and fresh perspective to the financial world. Visit Bettauer's Google+ page at the following address: https://plus.google.com/100770875710593766367/posts

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