Jericho Energy Ventures Inc.

Jericho Energy Ventures is focused on advancing the low-carbon energy transition with investments in hydrogen technologies, energy storage, carbon capture and new energy systems.

Expert Comments:

headshot of Bill Newman

Bill Newman, Research Capital Corporation

"Jericho Energy Ventures Inc. announced that HTI has filed a series of provisional U.S. patents associated with its second-generation hydrogen boiler. The new generation boiler has an improved fuel delivery system, increased process monitoring and remote management options; there are also improvements to the ignitor, which provides more optimum combustion and should result in even higher thermal efficiencies."

Technical analyst Clive Maund charts Jericho Energy Ventures' stock and explains why he anticipates that it will advance.
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Clive Maund,

"The price of Jericho Energy Ventures Inc. has reclaimed the failed support and is now consolidating in what is believed to be a bull flag/pennant that should soon lead to renewed advance, especially as the oil price continues to rise. . .the company is therefore liked here and viewed as an Immediate Buy for another upleg which can be expected to accelerate if the price succeeds in driving its way through the resistance up to the February highs."

Recent developments concerning Jericho Energy Ventures and its Dynamic Combustion Chamber boiler are covered in a Research Capital Corp. Enterprise note.
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headshot of Bill Newman

Bill Newman, Research Capital Corporation

"Jericho Energy Ventures Inc. announced an agreement in principle with UnitBirwelco to provide engineering support, procurement, manufacturing and fabrication of its Dynamic Combustion Chamber (DCC) boiler. . .the company's DCC boiler was included in a government funded feasibility study on how the technology can be utilized to deliver a zero emission steam solution for the Bruichladdich distillery located in Scotland."

Clive Maund,

"Jericho Energy Ventures was an oil stock but is now into hydrogen. . .now it is apparent that the modest uptrend that we traded profitably was the B wave of what is believed to be a three-wave A-B-C correction. As this correction now appears to be complete, this looks like the time to buy it back again."

Clive Maund,

"What has happened with Jericho Oil Corp.'s stock over the past two weeks is that a tight bull flag appears to have formed, with volume dying back in a manner that is consistent with it being a valid flag. The good news is that a flag of this nature forming in this position often leads to another big run-up similar in magnitude to the run-up leading into the flag, and clearly if this is the case, the stock could see further big gains from here."

Clive Maund,

"Volume since prior to the breakout of Jericho Oil Corp. stock has been mostly upside volume that has driven both volume indicators strongly higher, which is a clear sign that an important new bull market has just started in this stock. . .it is in order to add to positions here."

More Expert Comments

Experts Following This Company

Clive Maund –
headshot of Bill Newman
Bill Newman, Vice President, Senior Analyst – Research Capital Corporation

Company News

8/12/2021 – Hydrogen Demand Could Fuel a $300 Billion Market Opportunity

8/12/2021 – Jericho Energy Ventures Participates in U.S. Department of Energy Hydrogen Earthshot Program RFI

8/4/2021 – Jericho Energy Ventures Subsidiary Hydrogen Technologies Files Provisional Patents for its Generation 2.0 cleanH2steam DCC(TM) Boiler

7/22/2021 – Jericho Energy Ventures Co-Leads Investment into Hydrogen Catalyst Discovery Platform

7/16/2021 – Jericho Energy Ventures Reports Results of Annual General and Special Meeting of Shareholders

6/29/2021 – Jericho Energy Ventures Launches Hydrogen Based Video Series

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
Recently diversified energy portfolio into Hydrogen
Support of major shareholders for this shift (ie Ed Breen)
Goldman Sachs, BOAML, Biden, Paris Climate Accord all advocating move to Hydrogen
catalyst Calendar
Pick a manufacturer for the HTI boiler
First sale or partnership for the boiler
Add a vertical to the energy portfolio (another acquisition)