Now Is an Opportune Time To Invest in Diverse Energy Co.

<p><strong><a href="https://www.streetwisereports.com/article/2023/09/27/now-is-an-opportune-time-to-invest-in-diverse-energy-co.html" target="_blank" rel="noopener">Source: Nicholas Cortellucci  (9/27/23)</a></strong></p>
<p><strong>Despite ongoing positive news, this firm’s stock price is down 23% from its July high, noted an Atrium Research report.</strong></p>
<p><span><a href="https://www.streetwisereports.com/pub/co/7025" target="_blank" rel="noopener">Jericho Energy Ventures Inc. (JEV:TSX.V; JROOF:OTC; JLM:FSE)</a></span> announced three important developments, seemingly ignored by the market, during this month of September, Atrium Research analyst Nicholas Cortellucci in a September 26 research note.</p>
<h2><strong>Good Time To Buy</strong></h2>
<p>Accordingly, Atrium reiterated its CA$0.50 per share target price on the Canadian energy company, now trading at CA$0.255 per share, Cortellucci noted.</p>
<p>The difference between the current and target prices implies a significant return for investors of 96%.</p>
<p>Cortellucci also pointed out that Jericho’s stock price is down 23% from its high of CA$0.33 per share in July, despite ongoing positive news since.</p>
<p>“We view the pullback as a buying opportunity ahead of boiler sales orders,” the analyst added.</p>
<p>Jericho remains a Buy.</p>
<h2><strong>New Catalysts Lasts Longer</strong></h2>
<p>Most recently, durability testing on H2U’s new iridium-free catalyst showed strong results, Cortellucci reported. H2U is Jericho’s portfolio company of which it owns 6.5%.</p>
<p>Testing showed the new catalyst has a projected lifetime of 25,000 hours, which compares to the 1,000−1,500 hours with current iridium-free catalysts. Thus, H2U’s catalysts are projected to last at least six years when used for certain applications.  Testing involved operating the new catalyst continuously for 4,000 hours and at a ten times higher density.</p>
<p>“[These results] represented a significant milestone on H2U’s path to addressing bottlenecks in the sustainable hydrogen supply chain that uses proton exchange membrane electrolyzers,” Cortellucci wrote.</p>
<h2><strong>Green Hydrogen Supplier Secured</strong></h2>
<p>In other news, reported Cortellucci, Jericho’s partner in the European Union, Exogen, signed a memorandum of understanding on September 19 with Lhyfe SA, a green hydrogen producer and supplier. Lhyfe will supply Exogen with hydrogen for its hydrogen steam plant, equipped with Hydrogen Technologies’ zero-emissions DCC boiler.</p>
<p>“Lhyfe also plans to build and operate green hydrogen production facilities for the combined product offering,” noted Cortellucci.</p>
<h2><strong>Another Patent Received</strong></h2>
<p>Lastly, on September 12, Hydrogen Technologies, developer of the DCC boiler, was granted another patent in the U.S. for it, reported Cortellucci. Two other related patent applications are pending with the U.S. Patent and Trademark Office.</p>
<h2><strong>What To Watch For</strong></h2>
<p>Along with orders for the DCC boiler, Cortellucci indicated that near-term stock catalysts include drill results and production growth from its joint venture oil and gas assets in Oklahoma, as well as any funding awards by the government.</p>
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<p><strong>Important Disclosures:</strong></p>
<ol>
<li>Jericho Energy Ventures Inc. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.</li>
<li>As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Jericho Energy Ventures Inc.</li>
<li>Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.</li>
<li>The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.</li>
</ol>
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<p><strong>Disclosures for Atrium Research, Jericho Energy Ventures Inc., September 26, 2023</strong></p>
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