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VBHI - Verde Bio Holdings Inc News Story

$0.01 0.0  2.0%

Last Trade - 28/01/22

Market Cap £8.53m
Enterprise Value £8.39m
Revenue £192k
Position in Universe 6871st / 7419

Verde Bio Holdings, Inc. Shares Analyst Predictions About Oil & Gas Industry

Tue 9th November, 2021 12:00pm
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FRISCO, Tex., Nov. 09, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire
(https://www.globenewswire.com/Tracker?data=r2_6J1VEPk9NtNqpjn3vBurjwKnF9JXxkjvgx92J1pjFYrff4GQNtNe9ZwcPPTF5mB_-ktyNfnxkVf9SBNewcGmDtWCPnwqZSPzSNXJw-qo=)
-- Scott Cox, CEO, Verde Bio Holdings, Inc. (OTCQB: VBHI) (www.verdebh.com)
said today that “being in the oil and gas industry, we read a lot about what
is happening in this worldwide sector.  We wanted to share some of the
analysts’ thinking in recent publications for our investors and potential
shareholders.”

VBHI has revenue producing royalty interests in approximately 400 wells
across the most active areas of the United States.
* Just last April, West Texas Intermediate Crude was trading in the high $30
range.  Recently, U.S. black gold grade just topped $85 for the first time
since 2014.
* Goldman is forecasting that the surge in gas prices (meet you at any pump!)
could add one million barrels a day to oil demand.  
* A Goldman analyst predicts that global oil demand will soon surpass its
pre-COVID level.
* OPEC is adding output only gradually and worldwide stockpiles are steadily
declining.
* Gasoline prices in the U.S. currently average $3.4 nationwide, already the
highest gas prices since 2014.  Analysts believe gasoline could top its
all-time national average high of $4.1, set in 2008.
* Bank of America’s commodity analyst predicts a price of $120 per barrel of
oil by June 2022.
* Analysts say environmentalists would like oil and gas companies to reduce
production.  But the world’s thirst for new supply is only growing.  Some
fear that without a significant uptick in investment, demand for gas will
surpass supply.
“These analyst statements help to explain why Verde Bio Holdings is very
bullish on oil and gas, on the process the Company has undertaken, and on the
direction VBHI is headed,” Mr. Cox said. “The signs portend a continued
increase in revenues for Verde Bio Holdings and its shareholders.”

About Verde Bio Holdings, Inc. Verde Bio Holdings, Inc. (OTC: VBHI) is a U.S.
Energy Company based in Frisco, Texas, engaged in the acquisition and
management of Mineral and Royalty interests in lower risk, onshore oil and gas
properties within the major oil and gas plays in the U.S. The Company’s
dual-focused growth strategy relies primarily on leveraging management’s
expertise to grow through the strategic acquisition of revenue producing
royalty interest and strategic and opportunistic non-operated working
interests.

Safe Harbor Statement under the Private Securities Litigation Reform Act of
1995:

Statements in this press release that are not strictly historical are
“forward-looking” statements within the meaning of Section 27A of the
Securities Act of 1933, as amended and Section 21E of the Securities Exchange
Act of 1934, as amended. These statements involve a high degree of risk and
uncertainty, are predictions only and actual events or results may differ
materially from those projected in such forward-looking statements. Factors
that could cause or contribute to differences include the uncertainty
regarding viability and market acceptance of the Company’s products and
services, the ability to complete software development plans in a timely
manner, changes in relationships with third parties, product mix sold by the
Company and other factors described in the Company’s most recent periodic
filings with the Securities and Exchange Commission, including its 2019 Annual
Report on Form 10-K and quarterly reports on Form 10-Q.

Contact:

Paul Knopick E & E Communications

pknopick@eandecommunications.com

940.262.3584

(https://www.globenewswire.com/NewsRoom/AttachmentNg/66851c2f-ea03-44a1-a79e-7daf581423c1)



GlobeNewswire, Inc. 2021
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