IT MUST BE TRUE, I READ IT ON THE INTERNET or THE DIRTY LITTLE SECRET OF PAY TO TOUT ENERGY BLOGGERS?
I read a lot of Internet reports every day. And I read Internet reports that members post in our discussions. We sometimes make light of the claims made in those reports. In the past we have done so in regard to Mainland Resources and their Mississippi "Haynesville Shale Play" announcements. I'm not going to pick on Cohen Research or OilVoice or Jurassic Exploration or any of the other companies that, IMO, tout energy companies and their wonderful prospects for pay. I do wish to hear the opinion of other members and to point out that much of what is circulating around out there as facts is more public relations spin than truth. Any energy company with a spare $40,000 or more can get Cohen or another touter/PR firm to write and disseminate glowing reports on how wonderful an investment opportunity they represent. Even Black Dragon (discussed in the north Caddo Group). The following Mainland announcement is the first that I have noticed that admits the relationship and the cost of a surrogate promoter.
HOUSTON, Jan. 25 /PRNewswire-FirstCall/ -- Mainland Resources, Inc. (OTC Bulletin Board: MNLU; Frankfurt: 5MN) has received a research report prepared by Grass Roots Research and Distribution / Cohen Independent Research that places a one-year Base Cohen Price target of $5.81 for the Company and recommends Mainland Resources, Inc. as a Strong Short-term Buy and a Buy for the long-term.
The 40-page report details Mainland Resources, Inc’s development of natural gas leases in Louisiana Haynesville shale, along with its recently announced shale gas joint venture in the potential Haynesville shale in a new region in Mississippi. The report offers in-depth projections and calculations using the Cohen Financial and Valuation Model. For copies of the report see http://www.grassrootsrd.com.
Mainland Resources, Inc. paid Cohen Research a fee of $15,000.00 for the preparation of this research report and a fee of $25,000.00 for distribution of the report through its proprietary Grass Roots Distribution Network.
About Grass Roots / Cohen Independent Research
Cohen Independent Research Group, Inc. is the Gold Standard of fundamental securities analysis and considered Wall Street's #1 Independent Research Firm. Their proprietary in house analytical research engine, The Cohen Financial and Valuation Model, allows the firm to analyze companies at a comprehensive depth and level unavailable to any other independent fundamental research firm. See cohenresearch.com.
About Mainland Resources, Inc.
Mainland Resources is a publicly traded energy company engaged in the exploration and production of oil and gas resources. The Company seeks to add shareholder value by focusing on the continued development of its producing assets in the Haynesville Shale and the acquisition and development of leases in emerging oil and gas regions with the potential for significant discoveries. For more information visit the Company’s website at mainlandresources.com.
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Replies to This Discussion
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Permalink Reply by Skip Peel - Mineral Consultant on
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A question for those members "in the business" who deal with "analysis", would you agree with this statement?
Cohen Independent Research Group, Inc. is the Gold Standard of fundamental securities analysis and considered Wall Street's #1 Independent Research Firm.
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Permalink Reply by MARG on -
Skip, is this the company that is on Tomball Parkway( Also known as Hgw. 249) near Willowbrook Mall in Houston (North West Harris County)?
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Permalink Reply by Skip Peel - Mineral Consultant on
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MARG. That sounds right. Mainland Resources lists it's physical address on their website as:
20333 SH 249, Suite 200
Houston, TX. 77070
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Permalink Reply by intrepid on
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I'm gad to see you shine a little 'light of day' on this, Skip! Taking everything you read with a grain, or two, of salt is still recommended.
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Permalink Reply by BirdDawg, plain ole' idiot on
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I agree
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I like to make a buck on a good stock, I just hate to bet on a natural born loser. Whether they make the sell out or not.
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Permalink Reply by Skip Peel - Mineral Consultant on
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The original Cohen Mainland Resources report is being picked up by the penny stock bloggers who put their own spin and emphasis on it. Here is the Wall St. Grand Report version:
Company: Mainland Resources Inc. (OTCBB: MNLU)
Alert PPS: $1.60
Website: http://www.mainlandresources.com
MNLU had breaking news today that Cohen Independent Research, the #1 Small Cap Research Report firm, gave MNLU a Strong Short Term Buy Rating and set a $5.81 price target!
This is a huge bullish catalyst! If MNLU were to go to Cohen's price target of $5.81 this would be a gain of 252% for investors! Now I don't know if MNLU will go this high or not but we do think it has the potential to make a nice short term run for some solid gains to cash in on!
Read the Research Report immediately!
Go to- http://www.grassrootsrd.com/Reports/mainland_resources,_inc..pdf
The 40-page report details Mainland Resources, Inc’s development of natural gas leases in Louisiana Haynesville shale, along with its recently announced shale gas joint venture in the potential Haynesville shale in a new region in Mississippi. The report offers in-depth projections and calculations using the Cohen Financial and Valuation Model.
This validates MNLU's upside potential for the short term!
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Permalink Reply by Skip Peel - Mineral Consultant on
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I strongly suspect that there is shale in Mississippi. And though it isn't the Haynesville to my knowledge, it could be productive. One thing you don't hear any more out of Mainland is how their Mississippi "Haynesville Shale" is 1000' thick. If there was substance to their claims I would expect that their glowing Internet reports would have brought them a joint venture partner with some shale development experience by now. I suspect that they are more in search of gullible investors.
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Anybody ever tried to sell a Haynevsille Bridge?
Or maybe "Haynesville Ocean front property" in Louisiana?
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Permalink Reply by sesport on
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BD - At least we won't be accused of building a "Haynesville Bridge to Nowhere," and it could be argued that IF there is a POSSIBILITY of ocean levels rising, we could sell that ocean front property based on SPECULATIVE indications & predicitions.
lol 80) -
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Permalink Reply by Bud on
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I scanned the report but did not see any information on the location of the reported find in Mississippi. Did I miss something?
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Permalink Reply by Skip Peel - Mineral Consultant on
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I don't recall a mention of location in this report, Bud. This is an old joke as the Mainland announcements and those of their partners in the deal are not new. You can probably find the location information if you would go to Mainland Resources website.
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