Oil Hits $72! E is Next HUGE Oil Play!

Crude Oil has just hit a new 32-month high of $72 per barrel.

Enterprise Group (TSX: E) has huge upside here at $0.25 per share. Back on September 18th we announced E as our #1 pick for the remainder of 2020 at a price of $0.16 per share and E rose to a high on September 22nd of $0.34 per share for a gain of 112.5% in 3 trading days.

When E hit a high of $0.34 per share on September 22nd, Crude Oil was less than $40 per barrelE had major insider buying at its current price of $0.25 per share a few days ago!

We look for E to explode past $0.34 per share and onto new 52-week highs in the short-term. E has a tangible book value of $0.703 per share! E's trailing twelve month gross margins are up to 35.24% their highest level in seven years!

When E hit $0.34 per share in September it had negative trailing twelve month free cash flow of ($1.409 million)! E has become free cash flow positive with trailing twelve month free cash flow of $2.59 million its highest level in three years!

After HUGE buybacks and insider buying, E is one of the most tightly held oil stocks! It won't take much volume for E to hit new 52-week highs!

Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. This message is meant for informational and educational purposes only and does not provide investment advice.