August 4, 2011
SpeculatingStocks.com Stock Pick: GreenHunter Energy, Inc. (GRH)
Stock Price: $1.34
GreenHunter Energy, Inc. is focused on water resource management in the oil and natural gas sector and the renewable energy sectors of wind, hydro, geothermal, solar, biofules, and biomass power plants.
GRH just announced a definitive agreement to acquire approximately 99 mineral acres and 84 surface acres located in West Virginia where it will develop a commercial water service facility.
This is in the Marcellus area of the Appalachian region. The Marcellus shale is extremely hot right now. GRH is trading at a market cap of only around $30.6 million.
GRH has started to buzz. Volume in GRH has increased significantly since mid-July and so has its share price. GRH could become a very interesting play as investors and traders continue to come onto it.
Speculative Score: 5
1 Being the Least Speculative and Most Confident
10 Being the Most Speculative and Possibly the Most Risky