GeoGlobal News - GGLR is up 180% YTD

Geoglobal (GGLR): It is good to hear about a penny stock I trade getting some press after a 150% YTD gain. See below for a summary of the articles.  

As of today, GGLR is up 180% YTD.

Excerpt of what I wrote about GGLR in my last newsletter. Subscribe NOW and get the August 2015 Issue for FREE!!

Article Summary from Google Alerts Daily update ⋅ August 28, 2015

GeoGlobal rises from the dead at Tarapur
Petrowatch "Like a corpse rising from the dead, troubled Canadian explorer GeoGlobal Resources is alive and kicking - cashing in on production from ..."

• You have to pay to read the article.   
• I'd rather not pay $130 to read 30 articles only to find all they say is the stock is up 150% YTD and don't have any news beyond the press releases you can read for free here.

GGLR n/a Stock Charts $GGLR GeoGlobal

Just some charts with no commentary

• Investors Hangout
• 2015 Trending Stocks Message Board: GGLR n/a Stock Charts $GGLR GeoGlobal Resources Inc. (OTC) Last Updated: 08/27/2015 14:51:51.

More GGLR charts here.

GGLR Disclosure & Warning:

GGLR:  

• Intraday GGLR Chart 
• 10-Year Chart 
• Current: GGLR Stock Quote

GeoGlobal Resources GGLR Back in Play

GeoGlobal Resources Inc. or GGLR (GGLR charts and quote) is back in play.  The old website is back on after the new website went live earlier this month.

• Old website www.geoglobal.com/
• New website www.geoglobalresources.com/ 

Year-to-date, the stock is up over 100%

More GGLR charts and quote

Jean Paul Roy is back in a leadership role! 

From www.geoglobalresources.com/management.php

President/CEO: Jean Paul Roy has in excess of thirty years of geological and geophysical experience in oil & gas basins worldwide as he has worked on projects throughout India, North and South America, Europe, the Middle East, the former Soviet Union and South East Asia. His specialties include modern seismic data acquisition and processing techniques, and integrated geological and geophysical data interpretation. Since 1981 he has held geophysical positions with Niko Resources Ltd., Gujarat State Petroleum Corporation, Reliance Industries, Cubacan Exploration Inc., PetroCanada, GEDCO, Eurocan USA and British Petroleum. Mr. Roy graduated from St. Mary’s University of Halifax, Nova Scotia in 1982 with a B.Sc. in Geology and has been certified as a Professional Geophysicist.

Press Releases that I discussed in my last (current) Newsletter:

Sept 24, 2014	Presenting 13% to 20% Return Opportunities at New York Conference. (PDF)
Sept 19, 2014	GeoGlobal Advises Claim of Interest in Colombia License and a US$650 Million Damages Claim in India. (PDF)
12 Sept 2014	Major Oil And Gas E&P Interest Acquired By Key Capital (PDF)

Watch for future press releases here.

Disclosure:  In June of this year, 2014, I added 10,000 shares of GGLR at $0.0081 to my ROTH IRA.   On December 31, 2013, as a year-end tax loss selling play, I added 10,000 shares of GGLR to my regular trading IRA at $0.0094.  Those two buys significantly increased my holdings of this penny stock.  I've personally made a lot of money with over the years buying when dirt cheap then watching what the insiders do to get an idea when to take big profits out.  I also cover GGLR in my newsletter where the shares I hold are well into "house money" from selling the ups and down.

GeoGlobal GSPC Jean Paul Roy Modi Dispute

Yesterday that was a comprehensive article in India's Economic Times about GeoGlobal Resources (GGR) problems in India with GSPC, the Gujarat State Petroleum Corp, and Jean Paul Roy, GGR's former CEO.   The way things are in India, I've reposted most of the article below in the event it "vanishes."

GeoGlobal’s Jean Paul Roy, who part-owns GSPC blocks, has a history of controversies

AHMEDABAD: Jean Paul Roy, a Canadian geologist who lives in Guatemala and drives around in a Scorpio, has been a bee in Narendra Modi's bonnet long before Arvind Kejriwal discovered him and alleged the scientist made billions overnight thanks to sweetheart oil and gas deals with the Gujarat government.

Actually, Roy has been embroiled in several disputes with state authorities, particularly after he publicly questioned Modi's dramatic announcement in 2005 that Gujarat State Petroleum Corp's (GSPC) field in the KG Basin held an astonishing 20 trillion cubic feet (tcf) of gas. Roy, a 10% partner in the block and a seasoned geologist who has explored hydrocarbons in 30 countries, quickly responded saying Modi's claim was premature.

Relations between the two partners have been troubled since then, and GSPC wrote to the oil ministry two years ago saying it wants to terminate the partnership with GeoGlobal.

Roy's company has questioned some costly drilling by the state firm, which has spent $2.5 billion but is five years behind schedule in developing the field.

"Roy impressed GSPC, and the company decided to partner with his consulting venture that was to be listed later in America. Like CairnBSE 0.17 %, Roy also had ambitions to list his venture in India. But everything changed in 2005," says a senior GSPC official who did not want to be named.

Roy, who speaks French, Spanish and English, is regarded by friends as a man with an eagle eye for discovering oil as well as people who matter. Former ONGCBSE 0.28 % chief Subir Raha was on GeoGlobal's board till his death two years ago. Earlier, the company had appointed Avinash Chandra, former director-general of hydrocarbons, a director.

Roy's innings in India began as a technical advisor to Canadian company Niko Resources, which was exploring the Hazira offshore field in partnership with GSPC. He also advised, say his associates, Niko during the discovery of the D6 Block, now controlled by Reliance IndustriesBSE 1.29 % and BP.

But his luck seems to have suddenly run out. He has diluted his majority stake in GeoGlobal Resources, although he still holds 5% interest in the KG Basin block.

It is no wonder the stock hit 5¢ today before rebounding 60% as I type!!

More GGR Charts and Quote

GGR: GeoGlobal Resources Inc. - Technical Analysis: Golden Cross & Rounding Bottom Patterns

GeoGlobal Resources Inc. (GGR Charts) is about to make a "Golden Cross" chart pattern. This is where its 50-day moving average crosses above its 200-day moving average.

Click chart courtesy of stockcharts.com for full size image

I show the 50 and 200 DMA now at $1.06. With GGR trading now at $1.18, the 50 DMA should be higher tomorrow (or very soon) for an official crossing.

A Golden Crossing should show up on all sorts of trader charts so I expect money could surge into the stock. Grab your stocks and pull up your socks.....

As you can see from this longer term chart, GeoGlobal is also making a beautiful rounding bottom pattern. Also bullish is GGR appears to have successfully tested its 50 DMA which has switched from resistance to support.

Click chart courtesy of stockcharts.com for full size image

I added shares of GGR to my personal and newsletter portfolios under a buck in August (80¢ in my newsletter and ROTH portfolios) so I'm ready to go higher. I am pleased those August lows held (so far) in this recent correction.

More information

• Definition of Golden Cross pattern
  
  
• More GGR Charts

GeoGlobal Trading Success: This is a good money maker stock if you have the patience to buy when cheap and sell when very high. In my newsletter portfolio I have generated $18,276 cash, all pure profit from GGR plus I have 7,900 shares on "house money." GGR could drop to zero overnight and I'd still have profits of $18,276! I first started writing about and trading GeoGlobal about 10 years ago when it was Suite101.com/BOWG.

11/21/09 Update. GGR Closed Friday at $2.72. I took profits in my newsletter and personal portfolios at $2.75.

As of Nov. 11, 2009, "Kirk's Newsletter Explore Portfolio" is up 29.1% YTD vs. DJIA up 17.6% YTD

Subscribe NOW and get the November 2009 Issue for FREE! !
(Your 1 year, 12 issue subscription will start with next month's issue.)

Disclaimer: I am locked and loaded with shares added to personal and newsletter portfolios at 80¢. I have long-term shares purchased as low as 12¢ in my personal portfolio. I have plans in place to sell shares at preset, but significantly higher prices listed in my newsletter. If my outlook changes, I may sell sooner and announce it to my subscribers.

From 1/1/1999 Through 11/09/09

Kirk's 80:20 Aggressive Core Portfolio is up 50.9%
Kirk's 50:50 Conservative Core Portfolio is up 67.3%
Kirk's typically 70:30 Explore Portfolio is up 142.3%
80% Core Aggressive plus 20% Explore is up 69.1%
90% Core Conservative plus 10% Explore is up 74.8%

100% Total Stock Market (VTSMX) is up 18.2%
100% Total Bond Market (VBMFX) is up 77.7%
80% VTSMX and 20% VBMFX is up 30.1%
50% VTSMX and 50% VBMFX is up 47.9%

YTD through 11/09/09

Kirk's 80:20 Aggressive Core Portfolio is up 23.1%
Kirk's 50:50 Conservative Core Portfolio is up 16.5%
Kirk's typically 70:30 Explore Portfolio is up 24.8%

Subscribe to "Kirk Lindstrom's Investment Letter" and get the November issue for free today!

Post & Read Comments