Every Monday we feature “A Stock to Sell” as our daily post. With every stock we recommend as a sell, we give you a full explanation of why we advise against investing in the stock at this time.
Virtus Oil and Gas Corp. (symbol VOIL on the OTCQB market; www.virtusoilandgas.com), began trading in June 2014.
The OTCQB market, formerly called the U.S. over-the-counter bulletin board, has no minimum financial standards and includes shell companies and penny stocks with minimal operations.
Virtus was originally formed as Curry Gold Corp. It had planned to operate and franchise food trucks in Switzerland that would serve a German snack known as currywurst to German tourists.
The company later planned to expand into New York, Washington, Boston and Chicago, because those cities had the largest numbers of German tourists and expatriates in the U.S.
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Energy stocks: Virtus hoping to raise funds for a test drill at newly-acquired shale gas property
In July 2012, the company abandoned its expansion plans and entered the oil and gas business.
Virtus recently completed the acquisition of 87.5% of the Parowan shale gas property in southeastern Utah, which consists of 55,447 exploration acres. The purchase price was $458,215.
The company now hopes to raise funds to drill a 12,000-foot test well at Parowan by September 2015, at an estimated cost of $2.5 million.
Virtus Oil and Gas Corp.’s $99.9-million market capitalization reflects high investor expectations for its exploration and production success.
We don’t share that confidence, and we don’t recommend the stock. The fact that it trades on the loosely regulated OTCQB does not inspire confidence either. This stock is a sell.
Tomorrow we report on the progress of CGI Group, which has been our Canadian Stock of the Year twice.
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Every Monday we feature “A Stock to Sell” as our daily post. With every stock we recommend as a sell, we give you a full explanation of why we advise against investing in the stock at this time. 
