New Concept Energy, Inc. (GBR) in Dallas Tex., began focusing on energy resource development in 2003, and today it is a fully integrated producer of oil and gas. The company focuses mainly on North American oil and gas drilling and exploration projects, with current properties concentrated in the Appalachian and Utica Basins.
Shares of GBR have slumped 39.3% in price over the past year. However, the stock has been surging in price amid escalating geopolitical tensions that have driven oil prices to near 14-year highs. The stock has gained 47.5% year-to-date to close yesterday’s trading session at $3.51.
