Today’s OTC Filing: It Seems WHITING USA TRUST II (WHZT) Will Go Up

November 25, 2016 - By Ruchi Gupta

Today's OTC Filing: It Seems WHITING USA TRUST II (WHZT) Will Go Up

Interested investors have been looking for information on shares of WHITING USA TRUST II (OTCMKTS:WHZT) after the stock moved $-0.01, hitting the $0.87 price point in a recent trade.

It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, WHITING USA TRUST II’s stock was big mover. According to the short interest report published recently, (WHZT) had 21,600 shorted shares for 0.6 days to cover. The prior short interest was 21,600 for a $N/A change. The 52-Week High and Low are noted here. -29.27% (High), 2,075.00%, (Low). The stock had 33,800 average volume.

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Penny stocks are often stated as risky investments that hardly pay off. Admittedly, there is fact to this, but with the right knowledge and tactics, it is possible to earn a significant amount of gain in penny stocks. Simply said, a penny stock is an equity that trades at a low price.

Irrespective of the name, penny stocks usually are priced over a penny, occupying a price range at or close to $1, though some are priced a fraction of a penny. Often referred to as micro-cap equities, the Securities & Exchange Commission classifies these types of securities as being $5 or less. Over-the-counter stocks are NOT listed on any of the formal exchanges.

So, penny stocks frequently fit in this segment, though many dodge this category. Over-the-counter (OTC) equities are stated to be risky as they aren’t contingent to the listing and reporting requirements of the reputed commodity exchanges.

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Penny shares can be listed on NASDAQ or other known stock exchanges, although many more cannot be found there. A major percentage of penny stocks are listed on the so-named ‘pink sheets’, i.e., daily news of OTC shares. They can even be seen on the ‘Over-the-Counter Bulletin Board.’ Commodities listed on the OTCBB fail to fulfill the listing guidelines of the NYSE or other known exchanges, although they are mandated to file financial statements with known regulators, such as the SEC. Penny shares are inexpensive, thus attractive to shareholders who lack the funds to buy comparatively expensive blue-chip stocks from large firms.

Penny stocks boast immense profit potential. Because these stocks trade cheap, even a slight jump in price turns to be profitable. Look out, however, because frequently shareholders may have trouble getting a decent amount of details about penny stocks. These kinds of shares tend to be latest in news, with almost no track record for investors research.

In addition, penny stocks show lack of market activity, with poor liquidity, making them difficult to sell. Poor liquidity results in penny stocks to be open to price influence.

A shady trader can simply buy large sums of shares, temporarily leading up the price, crafting artificial demand.

Disclaimer: Nothing mentioned in this publication is planned to constitute legal, securities, tax, or investment advice, nor a viewpoint regarding the relevance of any investment, nor any type of solicitation. The general information mentioned in this article should not be acted upon without getting specific tax, legal and investment advice from a certified professional.

More notable recent Whiting USA Trust II (OTCMKTS:WHZT) news were published by: Seekingalpha.com which released: “Whiting USA Trust II Ready To Reinstate Distribution And Rally” on November 01, 2016, also Businesswire.com with their article: “Whiting USA Trust II Announces Trust Quarterly Distribution” published on November 04, 2016, Businesswire.com published: “Whiting USA Trust II Announces Trust Quarterly Results” on August 05, 2016. More interesting news about Whiting USA Trust II (OTCMKTS:WHZT) were released by: Forbes.com and their article: “Why Whiting USA Trust II Is a Top 10 Energy Dividend Stock (WHZ)” published on March 14, 2013 as well as Seekingalpha.com‘s news article titled: “Whiting USA Trust II Is A Long-Term Buy (WHZ)” with publication date: April 21, 2015.

Whiting USA Trust II is a statutory trust. The company has a market cap of $16.01 million. Whiting Oil and Gas Corporation (Whiting Oil and Gas) is the Trustor, The Bank of New York Mellon Trust Company, N.A. is the Trustee and Wilmington Trust, National Association is the Delaware Trustee of the Trust. It has a 87 P/E ratio. The Trust was created to acquire and hold a term net profits interest (NPI) for the benefit of the Trust unitholders pursuant to a conveyance from Whiting Oil and Gas to the Trust.

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