Pumpers Wrestle New Energy Corp. (OTC:NWTR) Out of Losses

New Western Energy Corp. (OTC:NWTR) is trying to regain the positions it lost as investors seemingly decided to cash their holdings right at the end of last year. The ticker wiped out a third of its value in a record selling volume, but then started a successful week, aided by a series of press releases. On Wednesday’s trading, NWTR added more than 11% to a price of 82 cents. The stock is currently promoted, so the buying interest is still robust.

But beyond the hype of Liquid Pennies and other paid pumpers, the company behind the ticker is not such a happy story. The oil and gas prospecting company with a market cap exceeding 55 million dollars has surprisingly small reserves and earnings, as seen in its financial statements:

• $33,763 cash

• $283,000 total liabilities

• $24,398 revenues for the past quarter

• $105,525

The company itself hardly produces any oil- it states its business is exploration and acquisition of land with favorable signs of containing natural resources. NWTR partners with several smaller companies building oil and gas infrastructure in Texas, but so far its activities remain mostly on paper. The latest plot of land acquired in Oklahoma has not contributed to the bottom line, but led to the issue of 400,000 new shares and promissory notes for $300,000.

The company promises some production in 2013 from the Oklahoma and Kansas oilfields, and significant production in 2014. These claims are a bit far-fetched, however, since the company just recently invited expert Richard Coody to evaluate the old wells for regeneration and to plan new drilling. The process may end up in viable production, but in the meanwhile, the NWTR stock is being brought back into hype with the aid of several pumpers.

While VIP Penny Stocks abandoned this pick on January 9th, Liquid Pennies picked up the offer and sent NWTR shooting up again. This pumper certainly offers a risky bid, as the graph already shows the danger of sharp falls. But the promise this time is for a bigger rally, making the December spike look insignificant. Liquid Pennies points to a target price of $2 per share.

Liquid Pennies takes an average of $23,750 to present its stock picks, and it has a past record of tickers booster way above their usual levels. Dealing again with the power industry, Liquid Pennies aided the rise of Todays Alternative Energy, Inc. (OTC:TAEC), a biofuel solution company that touted itself as the next hot thing. Best beware before buying too much into a stock that may surprise you with unpleasant corrections.