Friday, June 29, 2012
Oil and Natural Gas Penny Stock Tengasco TGC
Recent price: $0.80
52 week range: $0.63 - 1.20
Market cap: 48.6 mil
Tengasco is an oil and natural gas exploration company featured on Pennystock-blog.com November 23, 2010 at a price of $0.49 this penny stock climbed to a high of $1.33 before some sell of pressure pushed it to its current price. The price per barrel slowing and peaking recently has also been a reason the natural gas penny stock has failed to regain its momentum.
One thing that catches my eye with this natural gas penny stock is its consistent revenue and profit growth. If we leave out the outlier in 2008 each year from 2007 has shown revenue growth.
Net Income & Cash Flow
TGC had some problems with their bottom line in 2008 and 2009 but it appears those problems are over as the company continues to remain profitable quarter over quarter since end of 2010 and has show significant improvements to cash flow which will enable this micro cap company the chance to pursue investment and growth opportunities.
I recently purchased a small portion of TGC in my IRA, I bought 150 shares at $0.89 but feel in the amount of time left I have until retirement I should be able to come out on top.
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Posted by John Kolb at 10:02 AM