Vector Energy (OTC-BB:VECT) is a fast growing natural gas and oil producing company growing very quickly thru acquisitions. They target oil and gas properties that have large reserves but are underdeveloped from lack of financing. They acquiring them for pennies on the dollar (sometime thru bankruptcy court) and use their financial backing and management expertise to bring the properties up to their full potential.
VECT just completed a major acquisition which doubled their oil and gas reserves and should bring them to profitability. They are very close to completing another very major acquisition which will greatly increase their oil and gas production capabilities and increase their asset base.
VECT has been approved for Amex listing pending meeting the $3 minimum price requirements.
Very small float, 3.64 million shares outstanding, 1.3 million in stated float, but trading float is much smaller.
Disclosure: I am anticipating the receipt of shares of VECT from an outside consultant to help with the dissemination of information on the company. Additionally, I may buy and sell securities on the open market. |
