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John Clarke Oilexco Inc OIL-X BUY Aug 05, 2004

The last well that they drilled tested 3 1/2 thousand barrels. Indications from the company is that they can have 30 to 40 million barrels in the one area. Very volatile, but worth a buy.

John Clarke

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$3.030

Stock price when the opinion was issued

oil gas

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SELL

(Market Call Minute) Better opportunities in other names.

PAST TOP PICK

(Top Pick Apr 4/08 Down 99.20%) Got into a debt problem. Company got blindsided by the storm. Management is trying to resurrect company. If Chrysler can come out of bankruptcy, then so can Oilexco.

PAST TOP PICK

(A Top Pick June 3/08. Down 99.34%.) Sold his holdings last summer/fall. Company has now been acquired.

SELL

Got into difficulty so sold their assets. Can't see any upside for this.

PAST TOP PICK

(A Top Pick July 2/08. Down 99.65%.) Sold it out at about $10. Tax loss seller.

PAST TOP PICK

(A Top Pick June 3/08. Down 99.59%. Has moved to a different investment firm.) Had a stop loss of $11 so would have been down 31%. Company is now bankrupt.

DON'T BUY

(Market Call Minute.) A lottery ticket.

PAST TOP PICK

(A Top Pick July 2/08. Down 99.89%.) Couldn't raise their needed money. When he saw the stock is breaking down, he sold.

SELL

(Market Call Minute) If you can get out, then get out.

COMMENT

Has potentially blown up in bankruptcy. If you own, take your losses and move on. You could also talk to a stockbroker to see if there is any “over-the-counter” trading. If so, Sell.

Stockchase, in its reporting on what has been discussed by individuals on business television programs (in particular Business News Network), neither recommends nor promotes any investment strategies.

We paraphrase the experts by hand, we watch the shows and write down what we understood from the experts’ comments. We are human and can make mistakes, help us fix any errors. If you see something that you know is not right or if there is a problem with the site, feel free to email us at : hello@stockchase.com.

John Clarke Oilexco Inc OIL-X BUY Aug 05, 2004

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