Doral Energy (DEGY) is an Immediate-Buy at the current $3 per share range as the company closes in on 10 Million barrels of oil equivalent (BOE) of total proved reserves at its U.S. Permian Basin projects. In recent trading, the company’s shares have been locked in a relatively tight range between $2.70 and $3.05 so do not chase above $3 while establishing your early DEGY position. Doral is a current U.S. oil producer with up to 10 Million BOE within its near-term sites – which can be valued above $600 Million at current oil prices.

Texas-based Doral Energy recently announced its intent to acquire two actively producing oil and gas corporations operating in the company’s primary focus area – New Mexico’s Permian Basin. In-house engineering estimates show that these two pending acquisitions would provide Doral with approximately 4,000,000 barrels of oil equivalent (BOE) of total proved reserves. The completion of this acquisition would move Doral immediately above 10 Million BOE of total proved reserves when combined with the company’s already estimated 6,100,000 BOE at its Eddy County Portfolio, Permian Basin, where current production exceeds 150 BOE per day. Buy Doral Energy (DEGY) now up to $3.00 per share.

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