HOT in December 2009

My new big pick is EGYF

Remember EGYF could make extreme swings and should only be attempted by savvy traders looking huge gains quickly.

Thursday it jumped to 86%
Friday it up other 78%

View the chart here

I believe it’s just a matter of time before EGYF could pop again. With oil pushing records highs and many expecting a continued rally in oil I believe EGYF could see a pop sooner than later.

The Energy Finders, Inc. is announced that it has entered into preliminary negotiations to sell or joint venture all or part of its interest in the Trinity project in Edwards County in Texas.

The Company may seek to redirect resources toward the Bakken Shale area situated in North Dakota, Montana and Saskatchewan. Recent drilling success has initiated successful exploitation of this major geological resource estimated at exceeding 500 billion barrels of good quality crude. Horizontal drilling combined by a sharp increase in the use of packers is now economically recovering a small fraction of the resource.

If the Company is successful in either selling or joint venture arrangement, it intends to consider other projects within North America.

The Trinity Sand project in Texas is principally a heavy oil resource and is presently under a joint venture agreement with Mega West Energy based in Calgary, Canada. Several test wells were drilled last year in which Mega West earned its interest in the acreage.

As over seas turmoil continue, oil companies back at home the US will have to ramp up their production and demand for these companies will be high.

If you want to help break the dependence of foreign oil, companies like EGYF could be the answer.

Remember EGYF has a history of making huge spikes so if you want to get involved it’s very important you keep a close eye on it.