High Plains Gas Inc. (OTCBB: NXPN) SYMBOL has changed FROM NXPND
Contact Information:
High Plains
PO Box 1564
Gillette WY, 82717
Phone: 307-686-5030
Fax: 307-682-7206
www.highplainsgas.com
Business Description:
High Plains Gas was founded in 2002 and is based in Gillette,Wyoming. The company produces, procures and markets natural gas from the Powder River Basin in Wyoming. High Plains Gas Inc. also maintains 5 active leases and is currently planning expansion.
Company Notes:
Formerly= Northern Explorations Ltd until 9-2010
Security Notes:
Shares increased via 6 for 1 split (Record Date 7/16/2008)
Shares increased via 3 for 1 split (Record Date 4/29/2009)
Industry:
Gas/Utilities
Management:
Mark Hettinger Chairman
Joe Hetinger Director
Greg Greenough VP
Source: otcmarkets.com
Key Statistics :
As of the close of Oct 26, 2010
Market Cap – NA
Avg Volume (3month) 117638
Avg Volume (10 day) 134429
52 Week High- 2.25
52 Week Low- .49
Source: yahoofinance.com
Technical Analysis:
NXPND is currently trading in between it’s 50 and 200 DMA’s, but is in a bullish uptrend.
Current News:
High Plains Gas Provides Operations UpdateMarketwire(Tue, Oct 26)
High Plains Gas Provides Company Overview and Business DirectionMarketwire(Mon, Oct 25)
High Plains Gas Completes Reorganization With Northern Explorations, LtdMarketwire(Mon, Oct 25)
NORTHERN EXPLORATIONS LTD. Files SEC form 8-K, Entry into a Material Definitive Agreement, Completion of AcquisitionEDGAR Online(Fri, Oct 22)
NORTHERN EXPLORATIONS LTD. FinancialsEDGAR Online Financials(Sat, Oct 9)
NORTHERN EXPLORATIONS LTD. Files SEC form 8-K, Amendments to Articles of Inc. or Bylaws; Change in Fiscal Year, OtherEDGAR Online(Wed, Oct 6)
NORTHERN EXPLORATIONS LTD. FinancialsEDGAR Online Financials(Thu, Aug 26)
NORTHERN EXPLORATIONS LTD. Files SEC form 10-Q, Quarterly ReportEDGAR Online(Fri, Aug 20)
Potential Catalysts:
Demand for natural gas has been historically cyclical. Shares of NXPND could benefit from a cold winter.
Natural gas stocks are impacted by the U.S. economy. Any uptick in key economic indicators could be a positive impact for the sector.
Over 50% of U.S. households use natural gas as their primary heating fuel.
Recent large volume surges in shares of NXPND could attract the day trading community. This interest could make NXPND a cult favorite amongst short term traders and bring in increased liquidity to the shares.
Shale gas technology is becoming a frequent news topic. Further exposure of this topic could be some interest back to a beaten up sector.
A Republican takeover of either the House or Senate in the upcoming could provide a more pro business, anti taxation environment for natural gas stocks.
There is a school of thought that stocks in the natural gas sector are oversold and present value at these levels over the long term.
Potential Risks:
NXPND is classified as a low priced stock and offers increased risks to investors.
The natural gas sector has generally been out of favor in 2010. Further skepticism could influence stocks within the sector.
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