Stockchase Opinions

Josef Schachter Oilexco Inc OIL-X TOP PICK Nov 22, 2005

Their well form Blackhorse just reported 5,240 BOE's a day. Potentially this play could come on in 07. The big issues will be getting pipe crews in and get things hooked up. Rig availability in the North Sea is probably into '07/'08, it's that tight. Have resolved their financing for bringing on the Brenda fields. This play will come in the 3rd quarter of '06.
$4.000

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.