| Company: | Pilgrim Petroleum Corporation |
| Web Site: | http:// www.apetroleum.com |
| Purchase Price: | $0.0025 |
| Current Price: | Click Here |
Pilgrim Petroleum is an oil exploration company in Texas. They seem to be involved primarily in shale squeezing, a process that extracts remnant oil from spent wells.
When oil prices are low, it's cheaper to buy foreign oil than squeeze shale - but oil prices have not, and probably will not, be low for quite some time, so I expect they will be around for a while. What's more, they are currently completely debt-free and are generating income from several properties to fund their operations.
This is a medium-range stock. I will hold it for this year in hopes that they take off. If they don't, I'll take a look at it again in December to decide whether it's worth holding for another year.
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