On Friday, Vecta Energy Corp. (CVE:VER), (PINK:VCTEF) stock granted investors the chance to undertake a great venture.
On two markets, the company’s shares not just exploded, but erupted as an oil well on the released intent for a joint venture in the Exshaw/Bakken oil resource play in northern Montana.
On the TSX Venture Exchange, VER stock made its best performance for years. The shares of Vecta Energy Corp. surged between the sessions by 185.71%.
The discovered by investors new 52-week high at $0.10 per share was confirmed as a closing price and as a happy end of the venture of VER stock.
The volume traded was the highest in the securities’ trading history, which started in the last century. More than 14.6 million shares changed hands, appreciating the great VER stock venture.
On the American OTC market, the Gray VCTEF proved that it can also go green. VCTEF surged 650% on the announced by the company letter of intent for a future joint venture play.
The rush for the stock started last Wednesday, when VER released the issuance of 1.4 million common shares to Rembrandt Resources Ltd. Most probably, the main reason for the stir was not the fact that these shares were issued in satisfaction of accounting fees due to the above mentioned controller of the company.[BANNER]
Anyway, up to Friday VER stock gained 400% within only three trading sessions on the company’s potential to explore new potential. Not included in this ROI calculation is the share price soar from the last trading day of October, when the closing price was only $0.015.
According to the Macquarie Equities Research Report from last month, the Canadian shale oil is likely to emerge as a significant trend over the next five to ten years. Oil and gas specialists are the opinion that the main focus in the nearest years would be on the 1) Devonian Muskwa/Duvernay shales in northwest Alberta/Deep Basin, 2) Mississippian Alberta Bakken/Exshaw shales in southern Alberta, 3) Jurassic Nordegg shales in the Peace River area of Alberta, and 4) Cretaceous Second White Specks in the Deep Basin.
