Energy Co.'s News Could Be a Major Catalyst
Contributed Opinion

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Jericho Energy Ventures Inc. (JEV:TSX.V; JROOF:OTC; JLM:FRA) dropped even further after we looked at it under a year ago, but now, after arriving at a long-term cyclical low, it appears to be approaching the completion of a base pattern. The business of the company is on a solid footing, and the reason for this update is that the company came out with the news yesterday morning that Jericho Energy Ventures unveiled its innovative modular data center initiative, which will transform natural gas assets into AI powerhouses.

This is potentially highly significant as the company has vast quantities of natural gas in the U.S. that can be used to feed power-hungry AI data centers, and it looks like this could turn out to be a major source of revenue.

From the news release. . . 

 "JEV's management believes the company is ideally positioned to capitalize on the Trump administration's pro-energy and pro-development regulatory landscape by leveraging its strategic partnerships, robust infrastructure, prime acreage in Oklahoma's storied energy corridor, and abundant availability of cost-effective natural gas to power data centers.

Jericho's Modular Data Center business will be overseen from its Tulsa, Oklahoma regional office, where the company's oil and gas joint venture currently owns and operates approximately 40,000 acres of productive land.

By converting its natural gas into long-term reliable on-site power, JEV intends to offer secure, modular, latest, and next-generation computing infrastructure tailored for AI applications - enhancing efficiency, reducing waste, and strengthening energy resilience."

Now, we will look at several charts for Jericho.

Starting with the long-term 13-year chart going back to inception, we see that the stock has been in a long and persistent severe downtrend from its early 2021 spike high that has brought it all the way down to support at a cyclical low at its 2020 lows, which is clearly a very good point for it to stabilize and start higher again — and yesterday morning's news could be the catalyst.

Now we zoom in to look at the period that includes the 2020 – 2021 spike and the bear market that followed in some more detail. The reason for using a log chart is twofold — it opens out the two base patterns shown so that it is easier to see what was going on within them and also enables us to define a parallel downtrend from the 2021 high.

An important point to note is that the price tried to break out of this downtrend in January, and although it didn't succeed, this attempt was a bullish indication and a sign that the stock is basing and will likely succeed in breaking out of it before long. Another important point to observe is that the Accumulation line has been showing positive divergence overall, and it broke out with the price in January and has not given back much of its gains.

The 1-year chart shows recent action in much more detail and on it we can see that the rally from the lows in December and into January was on good volume, the Accumulation line is relatively strong and we have this month seen a bullish cross of the moving averages.

So it looks like some sort of base pattern is completing.

Jericho Energy Ventures is therefore viewed as an Immediate Speculative Buy.

The first target for an advance is relatively close by at CA$0.20. The second target is resistance in the CA$0.80 area, and the third target is much higher in the CA$1.20 – CA$1.30 zone.

Jericho Energy Ventures' website.

Jericho Energy Ventures Inc. (JEV:TSX.V; JROOF:OTC; JLM:FRA) closed for trading at CA$0.15, US$0.1054 on March 31, 2025.