This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Saratoga Resources To Ring Opening Bell At New York Stock Exchange On Wednesday, January 11, 2012

Stocks in this article: SARA

Saratoga Resources, Inc. (NYSE AMEX: SARA) announced today that members of its senior management team will ring the bell to open the trading session at the New York Stock Exchange on Wednesday, January 11, 2012 at 9:30 a.m. EST. Representing Saratoga at the event will be Chairman of the Board and Chief Executive Officer, Thomas Cooke; President, Andy Clifford; and Chief Financial Officer, Michael Aldridge. The Opening Bell ceremony can be viewed live on several business television channels including Fox Business and CNBC.

Management Comments

Mr. Thomas Cooke, Chairman and CEO, said, “We are honored that the New York Stock Exchange has invited our company to open the market. Our listing on the NYSE Amex, in July 2011, culminated a remarkable period in our company’s history and laid the foundation for what we believe is a most exciting future. We are excited to be entering a new year for the first time positioned to fully realize the value of our asset base, an asset base that includes a large inventory of PDNP and PUD opportunities. Even more so, we are excited about our deep and ultra-deep prospects in Grand Bay and Vermilion 16. We believe these prospects are strategically located within a burgeoning play in the shallow state waters of the Gulf of Mexico and offer substantial upside potential. We are in negotiations with a major operator in the ultra-deep play to form a joint venture to explore one or more of those prospects. While our stock, on a net asset value per share basis, continues to trade at a discount to industry valuations, we are pleased that our efforts over the past several years have not gone unnoticed with our market capitalization increasing from less than $35 million just over a year ago to more than $190 million at year-end 2011. As the market becomes aware of our story, we are confident that our valuation will come in line with market valuations and reflect what we expect will be growing reserves, production and profitability.”

1 of 3

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs