Today's New Sub Penny Alert is Xfuels Inc. (XFLS)
Hi and good morning,
With this heat wave keeping most of the country indoors it's time for us to move on to a brand new Summer Scorcher play. As this is a morning play announcement we are going to jump right into today's profile:
XFuels The Clean Petroleum & Power Company, based in Portland, Oregon, was established to design, build, and operate regionally-integrated, small-to-midcap electricity and petroleum production facilities. XFuels is a leader in carbon-neutral energy solutions, as well as providing water and food technologies specifically designed to improve life on our planet.
The company's (patented and patent-pending) IP delivers one of the highest energy yields (electricity at sub-5 cents per kWh, and diesel fuel profitable at $25 a barrel oil without government subsidies), from a broad range of carbon-bearing inputs (forestry, agricultural, and urban waste including municipal solid waste and plastics), with one of the lowest capital expenditures of any known energy production method.
XFLS offers a range of low cost attractive modular systems via its hydrocarbon bio refinery platform (the XRefinery), which produce low cost electricity and advanced petroleum-equivalent fuels and chemicals in partnership with select small to mid-size industrial energy users in target markets.
Clean Petroleum chemicals and fuels have the same molecular composition as traditional petroleum, offer premium performance with NEAR-ZERO environmental footprint, and face very few hurdles to full market penetration in today's existing petroleum vehicle fleet and distribution infrastructure.
For more information on Xfuels Inc. please see www.xfuels.com
1) Just last month XFLS engaged RedChip Companies. In the news Michael McLaren, CEO of XFuels, stated:
"RedChip has a demonstrated track record of improving valuations and expanding the shareholder bases of emerging technology companies like ours."
See the complete news release here:
XFuels Engages RedChip to Lead Investor Relations Efforts
2) A month prior to the above release XFLS announced that the company signed a joint venture agreement with Converde Inc. According to the news:
"The joint venture which holds producing natural gas assets in Southern Alberta currently has 300 producing Natural Gas Wells connected to the pipeline with purchase and significant established operator contracts already in place."
See the full release here:
Xfuels Inc. Enters Into Joint Venture Agreement
We are focused on XFLS today in large part due to the chart and its indicators. Currently a sub-penny at just .0037, XFLS was up over 19% today and has several bullish indicators:
Exponential Moving Average: Very Bullish
Three Day Displaced Moving Average: Bullish
10 - 8 Day Moving Average Hilo Channel: Green
20 Day Moving Average vs Price: Green
50 Day Parabolic Time/Price: Green
The Relative Strength Index (RSI) is at 38, indicating it is currently oversold. If we see a trend reversal there may be some room to run.
XFLS hit a 52-week low of .0027 last week and has already seen a significant bounce from that level, rising 37% to its current level, yet there is plenty of room between its current level and the year's high of .20.
The Company is up to date with its filings and appears to be in good standing with OTCMarkets as it is currently listed as, "OTC Pink Current Information."
XFLS has slid significantly of late, In fact, looking at the chart you'll see it was barely 2 months ago when XFLS was at levels of .055 and higher.
That's 1,380% higher than its current level!
As we just discussed a bounce is already underway. The question is, where can it go from here?
Considering the 52-week range, there is a significant difference from low to high. Currently sitting much closer to the year's low than to its annual high, there could be room for this bounce to grow legs.
Get started on your research right away.
It is important that you realize the highly speculative nature of this situation.
Remember, we always encourage you to do further research. Never take our word for it, read our disclaimer to see why, and of course always consult a professional.
Just because a situation looks great things can still go wrong and often do. Be smart and protect yourself.
Enjoy your morning,