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SVTPerformance's Chain of Restaurants
Road Side Pub
SVTP stock pick thread.
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<blockquote data-quote="Weather Man" data-source="post: 16568171" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>New Concept Energy soars 959% in latest Reddit craze</strong></span></p><p>Jan. 28, 2021 6:57 PM ET<a href="https://seekingalpha.com/symbol/GBR?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3AGBR" target="_blank">New Concept Energy, Inc. (GBR)</a><a href="https://seekingalpha.com/author/sa-editor-carl-surran?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name" target="_blank">By: Carl Surran</a>, SA News Editor<a href="https://seekingalpha.com/news/3655986-new-concept-energy-soars-959-in-latest-reddit-craze#comments" target="_blank">7 Comments</a></p><ul> <li data-xf-list-type="ul">Tiny New Concept Energy (NYSEMKT:<a href="https://seekingalpha.com/symbol/GBR?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">GBR</a>), which employs five people and produces negligible amounts of oil and gas from some wells in Appalachia, <a href="https://www.bnnbloomberg.ca/tiny-driller-skyrockets-959-after-reddit-craze-spreads-to-oil-1.1555857?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">skyrocketed nearly 1,000% in today's trade</a> as the Reddit-fueled trading mania spread to the energy sector.</li> <li data-xf-list-type="ul">The stock garnered a mention in Reddit's WallStreetBets, even as brokerages including Robinhood <a href="https://seekingalpha.com/news/3655535-watch-gamestop-amc-as-robinhood-reportedly-locking-out-traders?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">clamped down on trading in GameStop and other names</a> following wild stock swings.</li> <li data-xf-list-type="ul">It was enough to send New Concept shares up by an astronomical 959% to $25, the highest since 2000.</li> <li data-xf-list-type="ul">The company currently produces ~70 boe/day, and lost $0.46/share on revenue of $590K in FY 2019, a<a href="http://www.newconceptenergy.com/assets/nce-10-k-12-31-2019.pdf?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link" target="_blank">ccording to its annual report</a>.</li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16568171, member: 137766"] [size=6][b]New Concept Energy soars 959% in latest Reddit craze[/b][/size] Jan. 28, 2021 6:57 PM ET[URL='https://seekingalpha.com/symbol/GBR?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Csymbol%3AGBR']New Concept Energy, Inc. (GBR)[/URL][URL='https://seekingalpha.com/author/sa-editor-carl-surran?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Csection_asset%3Ameta%7Cbutton%3Aauthor_name']By: Carl Surran[/URL], SA News Editor[URL='https://seekingalpha.com/news/3655986-new-concept-energy-soars-959-in-latest-reddit-craze#comments']7 Comments[/URL] [LIST] [*]Tiny New Concept Energy (NYSEMKT:[URL='https://seekingalpha.com/symbol/GBR?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']GBR[/URL]), which employs five people and produces negligible amounts of oil and gas from some wells in Appalachia, [URL='https://www.bnnbloomberg.ca/tiny-driller-skyrockets-959-after-reddit-craze-spreads-to-oil-1.1555857?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']skyrocketed nearly 1,000% in today's trade[/URL] as the Reddit-fueled trading mania spread to the energy sector. [*]The stock garnered a mention in Reddit's WallStreetBets, even as brokerages including Robinhood [URL='https://seekingalpha.com/news/3655535-watch-gamestop-amc-as-robinhood-reportedly-locking-out-traders?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']clamped down on trading in GameStop and other names[/URL] following wild stock swings. [*]It was enough to send New Concept shares up by an astronomical 959% to $25, the highest since 2000. [*]The company currently produces ~70 boe/day, and lost $0.46/share on revenue of $590K in FY 2019, a[URL='http://www.newconceptenergy.com/assets/nce-10-k-12-31-2019.pdf?source=content_type%3Areact%7Cfirst_level_url%3Anews%7Csection%3Amain_content%7Cbutton%3Abody_link']ccording to its annual report[/URL]. [/LIST] [/QUOTE]
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