Our sole featured oil and gas client of 2016 is riding high of late – up over 50% from our introduction price of CAD$0.48 last April to its peak price of CAD$0.74 per share hit on Wednesday. It closed trading this past week at CAD$0.72

We introduced Jericho Oil (JCO: TSXV) at a price of CAD$0.48 on April 10th, 2016. After trading somewhat sideways for about eight months following our initial report, the company’s stock has surged just as we anticipated it would if oil rebounded to more reasonable levels. Bear in mind, WTI was hovering just below US$40 when we introduced Jericho; it closed at US$54.02 per barrel on Friday – good enough for a solid 35% gain in that time period.


Jericho Oil 1-Year Chart – courtesy of Bloomberg

Jericho Oil Chart


We opened that April 10, 2016 Weekend Volume titled, Jericho Oil: Acquiring Oklahoma Oil Production on the Cheap with these words:

“Throughout history, fortunes have been made buying distressed assets when few had the liquidity, or the courage, to step in and buy. Cloaked in desperation, the current oil sector has created a generational opportunity for bargain hunters with cash.”

Things were bleak in the oil industry back in April 2016 for North American producers; but, unlike many other speculative juniors in the space, Jericho had cash and a stout management team. We were willing to roll the dice on them…

Now, with Trump in office, sentiment has changed in the oil & gas sector and Jericho is one of many oil stocks getting a boost. Many of these companies will be revalued even further if oil creeps above $60 or $65 per barrel. However, we’re not holding our breath on those price levels in 2017 ($60 may be hit during summer driving season, but we don’t believe it will get much higher this year).


Oklahoma Oil | Jericho Has A Focus on Cost


We were drawn to Jericho during our due diligence process almost right away because it focused on low-cost production opportunities. Below is a final excerpt from our report:

“Jericho, unlike many oil producers, has a focus to, “Continue to achieve recurring field – level cash flow neutrality at/or less than $20/ barrel WTI,” according to its corporate presentation dated Q1 2016. WTI Crude closed trading on Friday around $39.70 per barrel.”


Jericho Oil's Oklahoma Oil Production
An ESP (Electronic Submersible Pump) at Jericho’s Creek County asset.


Click here to read Jericho Oil: Acquiring Oklahoma Oil Production on the Cheap.


On February 2nd, Jericho Oil provided its Q1/Q2 2017 operating plan in Oklahoma, where it holds ~75,000 acres in partnership with a Private Family Office. Below are two short excerpts:


“Jericho’s operating and technical team has begun its initial program aimed at reducing the decline rates within producing wells, returning idled wells to production and lessening downtime across its assets. A key portion of the Company’s acquisition thesis is that previous distressed operators have not provided the maintenance capital required to implement oil-field best practices and maintain production rates.”


And that,


“In addition to Operating Improvements, Jericho is continuing to build out its full-year 2017 Capital Budget, which is expected to accelerate production growth with the drilling of de-risked, in-fill vertical and horizontal wells throughout its asset base primarily focused on the Hunton, Woodford and Mississippi Lime formations prevalent across its acreage.”

Click here to read the entire press release.


While much of the liquidity on the Venture remains concentrated on high flying marijuana-related, gold and lithium stocks, Jericho has quietly been going about its business in the oil sector.

If you would like to listen to Jericho Oil’s CEO, Allen Wilson, in a recent podcast click the below link and fast-forward to 41:45. Mark Leibovit conducts the interview. Mark was ranked Timer Digest’s #2 Gold Market timer for 2011, and the #1 Gold Market timer for the five-year period ending in 2010. He was also the #1 U.S. Market Timer for 2006 and the #1 Intermediate U.S. Market Timer for the ten year period December, 1997 to 2007.


Listen to Allen speak with Mark Leibovit on Wall Street Raw

(fast-forward to 41:45)


Congratulations to those of you who stuck it out with this junior oil and gas company. The rather short wait was worth it.


As soon as next weekend we will be introducing our new, and first of 2017, featured company. Stay tuned…


All the best with your investments,




Jericho Oil Stock Information

Canadian stock symbol: JCO – trades on the TSX Venture
U.S. stock symbol: JROOF – trades on OTC PINK
Stock price (CAD$): $0.72
10-day avg. volume (approx): 18,000
Market capitalization (approx): CAD$56.77 million


Only Two Days Left to Join the Stock Challenge


It’s time to enter March’s Stock Challenge… winner takes home silver bullion and more. Get in the game today. Time is almost up!


silver bars
Part of March’s first place prize package is a 10-ounce silver bullion bar.


Here’s how it works:

Pinnacle’s Stock Challenge is a monthly prize contest where you pick two stocks which you believe will increase the highest percentage for the upcoming month. The member with the highest combined one month percentage return wins it all. Your monthly percentage return is calculated by taking the average percentage return of both your stock picks.

Click here to enter your two stock picks now. (you will be prompted to log in)

Which two stocks do you think will outperform all others next month?

Don’t have a Pinnacle account but want to join March’s Stock Challenge?

Click here to sign up for free and get in the game.

Can’t remember your username or password? No problem…

Click here to let us know, and we’ll get you squared away.


Disclosure, Risks Involved and Information on Forward Looking Statements:

Please read carefully before proceeding.

THIS IS NOT INVESTMENT ADVICE. All statements in this report are to be checked and verified by the reader.

This report may contain technical or other inaccuracies, omissions, or typographical errors, for which Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, assumes no responsibility.

Important: Our disclosure for this report on Jericho Oil Corporation applies to the date this report was released to our subscribers (February 26, 2017) and posted on our website. This disclaimer will never be updated, even after we have exercised all of our warrants in Jericho Oil Corporation.

In all cases, interested parties should conduct their own investigation and analysis of Jericho Oil Corporation (“Jericho”), its assets and the information provided in this report.

Forward Looking Statements:
All statements in this report, other than statements of historical fact should be considered forward-looking statements. These statements relate to future events or future performance. Much of this report is comprised of statements of projection. Such statements or information involve substantial known and unknown risks and uncertainties. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”,”anticipate”, “estimate” and other similar words, or statements that certain events or conditions “may” or “will” occur. Forward-looking statements in this report include, but are not limited to, statements with respect to timing and completion of Jericho’s exploration and development program on its oil and gas leases. Jericho participates in said oil and gas leases as a partner with a private family entity. Please refer to the titled slide “Acquisition Partnership” (page 23) of Jericho’s corporate presentation (click here) for additional information on net ownership interests.

Forward-looking statements are based on opinions and estimates and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Some of the risks and other factors that could cause results to differ materially from those expressed in the forward-looking statements include, but are not limited to: general economic conditions in Canada, the United States and globally; industry conditions, including fluctuations in commodity prices; governmental regulation of the oil and gas industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; stock market volatility; volatility in market prices for commodities; liabilities inherent in oil and gas exploration, development and production operations; changes in tax laws and incentive programs relating to the oil and gas exploration industry; and the other factors described in Jericho’s public filings available at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. Expectations expressed in such forward-looking statements are based on reasonable assumptions, but such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Investors should not place undue reliance on these forward-looking statements.

Risks and uncertainties respecting junior oil and gas companies such as Jericho Oil Corporation are generally disclosed in the annual financial or other filing documents of those and similar companies as filed with the relevant securities commissions, and should be reviewed by any reader of this report. Investors are cautioned not to consider investing in any company without looking at said company’s regulatory filings and financial statements. More detailed information about Jericho and the risk factors that may affect the realization of any forward-looking statements shall be found in its filings and may be read free of charge on the System for Electronic Document Analysis and Retrieval (SEDAR) filing system on the SEDAR internet site at http://www.sedar.com. Every reader of this report should review Jericho’s regulatory filings and financial statements filed on SEDAR.

The information and statements contained in this report are made as of the date hereof and Maximus Strategic Consulting Inc. (owner of PinnacleDigest.com) undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information or future events or otherwise.

PinnacleDigest.com is an online financial newsletter owned by Maximus Strategic Consulting Inc. We are focused on researching and marketing for resource and technology public companies. Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned anywhere in this report (particularly in respect to Jericho Oil Corporation). This report is intended for informational and entertainment purposes only. The author of this report and its publishers bear no liability for losses and/or damages arising from the use of this report.

We Are Not Financial Advisors:
Be advised, Maximus Strategic Consulting Inc., PinnacleDigest.com and its employees are not a registered broker-dealer or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer.

Never, ever, make an investment based solely on what you read in an online newsletter, including Pinnacle Digest’s online newsletter, or Internet bulletin board, especially if the investment involves a small, thinly-traded company that isn’t well known.

PinnacleDigest.com’s past performance is not indicative of future results and should not be used as a reason to purchase any security mentioned in this report or on our website.

The past performance of Jericho Oil Corporation, its leadership personnel and associated parties is not indicative of future results for Jericho and should not be used as a reason to purchase any security mentioned in this report.

We Are Biased:
Most companies featured in our newsletter, and on our website, are paying clients of ours (including Jericho Oil Corporation – details in this disclaimer). In many cases, we own shares in the companies we feature. For those reasons, please be aware that we are extremely biased in regards to the companies we write about and feature in our newsletter and on our website.

Because Jericho Oil Corporation has paid us CAD$50,000 plus gst for our online advertising and marketing services, and we (Maximus Strategic Consulting Inc.) own warrants of the company, you must recognize the inherent conflict of interest involved that may influence our perspective on Jericho; this is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor and a registered broker-dealer before investing in any securities mentioned in our reports.

Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, its officers, directors, employees, and consultants shall not be liable for any damages, losses, or costs of any kind or type arising out of or in any way connected with the use of its reports, products or services, including this report. Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, its employees, consultants and affiliates are not responsible for any information provided by any of the companies mentioned in our reports or third party writers. You should independently investigate and fully understand all risks before investing.

We want to remind you again that PinnacleDigest.com is often paid editorial fees for its writing and the dissemination of material. The clients (including Jericho Oil Corporation) represented by PinnacleDigest.com are typically early-stage companies that pose a much higher risk to investors than established companies. When investing in speculative stocks such as Jericho Oil Corporation it is possible to lose your entire investment over time or even quickly.

Disclosure of Compensation:

Set forth below is our disclosure of compensation received from Jericho Oil Corporation and details of our warrant ownership in the company as of February 26, 2017:

Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, has been paid CAD$50,000 plus gst to provide online advertisement coverage for Jericho Oil Corporation for a pre-paid six month online marketing agreement. The company (Jericho Oil Corporation) has paid for this coverage. The coverage includes, but is not limited to, the creation and distribution of reports authored by PinnacleDigest.com about Jericho Oil Corporation, as well as display advertisements and news distribution about the company on our website and in our newsletter. We (Maximus Strategic Consulting Inc., owner of PinnacleDigest.com) have bought and sold shares of Jericho Oil Corporation in the past, and we currently do not own shares of the company. However, we have the right to exercise 31,000 warrants of Jericho Oil Corporation. These warrants were acquired in a Jericho Oil Corporation private placement we participated in. Each warrant is exercisable into one share of Jericho Oil Corporation at a price of $0.60 per share. We (Maximus Strategic Consulting Inc.) may buy shares of Jericho Oil Corporation in the future. We (Maximus Strategic Consulting Inc.) intend to sell every share we may purchase in the future of Jericho Oil Corporation for our own profit. All shares we (Maximus Strategic Consulting Inc.) may purchase in the future of Jericho Oil Corporation will be sold without notice to our subscribers. Please recognize that we benefit from price and trading volume increases in Jericho Oil Corporation. Please recognize that we are extremely biased when it comes to Jericho Oil Corporation.
Maximus Strategic Consulting Inc. and PinnacleDigest.com (including its employees and consultants) are not chartered business valuators; the methods used by business valuators often cannot justify any trading price for most junior stock exchange listed companies. Jericho Oil Corporation is considered to be a junior stock exchange listed company.

All information in this report regarding Jericho Oil Corporation’s market cap, stock price and trading information was sourced from Quotemedia or Bloomberg. There are no guarantees that these figures are accurate or complete.

Any decision to purchase or sell as a result of the opinions expressed in this report OR ON PinnacleDigest.com will be the full responsibility of the person authorizing such transaction, and should only be made after such person has consulted a registered financial advisor and conducted thorough due diligence. Information in this report has been obtained from sources considered to be reliable, but we do not guarantee that it is accurate or complete. Our views and opinions regarding the companies we feature on PinnacleDigest.com and in this report are our own views and are based on information that we have received, which we assumed to be reliable. We do not guarantee that any of the companies mentioned in this report (specifically Jericho Oil Corporation) or on PinnacleDigest.com will perform as we expect, and any comparisons we have made to other companies may not be valid or come into effect.

To get an up to date account on any changes to our disclosure for Jericho Oil Corporation (which will change over time) view our full disclosure at the url listed here: https://www.pinnacledigest.com/disclosure-compensation/

Maximus Strategic Consulting Inc., owner of PinnacleDigest.com, does not undertake any obligation to publicly update or revise any statements made in this report.

Learn how to protect yourself and become a more informed investor at www.investright.org


Under no circumstances is this report allowed to be reposted, copied or redistributed without the express consent of Pinnacle Digest.

Trading in the securities of Jericho Oil Corporation should be considered highly speculative.