Osage Expooration and Development, Inc. (OTCMKTS:OEDV) Returns on Extreme Buying Volumes
Osage Expooration and Development, Inc. (OTCMKTS:OEDV) is a rare penny stock that rose gradually to its current respectable levels of $1.53. Currently the ticker is at its three-year peak, with buying volumes unseen since May 2012. Shares worth $1.2 million dollars were traded- an unusually high number of 750K stocks. 
Curiously, OEDV has not been promoted since 2011, and we have not paid attention to it since its volumes slacked off in the second half of 2012. But the recent announcement of results might have improved the ticker’s standing with investors. And following such a strong day, we expect to track developments for a while. 
The company is listed as a crude petroleum explorer on Colombia, South America. Also, the company is involved in the so called horizontal drilling, or the utilization of tar sands in the USA. Tar sands became popular because high oil prices on the world markets made exploration feasible. This led to the following financial achievements:
- $244,148 cash
- $4.4 million total current assets
- $18.7 million total current liabilities
- $1.68 million quarterly revenues
- $30,702 quarterly net gain
While the company accumulated some debt, its business allowed for a thin net gain after several periods of loss. OEDV shows a capability to run in the longer term. And for investors, should a promoter decide to mention this ticker, the extra attention could boost stock prices.
Oil companies often show up among penny stocks, and each ticker has a different business quality. Sanborn Resources, Ltd. (OTCMKTS:SANB) did what a lot of heavily promoted tickers do: had a few days of unusual moves, and tanked by more than 75% in a few short days.
The case was similar for North American Oil and Gas Corp. (OTCBB:NAMG), a ticker that ran up to $1.60 on promotions, only to break the trend and retreat to $1.16.
If you still believe in the superior quality of OEDV, do not rely too much that the ticker will keep the trend of the past years. Do your own due diligence and decide on the preferred time frame, if you are planning to invest in this oil explorer.
