Opinions
Peter Brieger
Oilexco Inc
OIL-X
TOP PICK
Apr 02, 2008
This company has adopted the income trust model for the North Sea but is a corporate structure. It has taken the fields that have been discarded by the majors and are producing very nicely at their low cost structure. 30,000 barrels this year giving them $3/$4 cash flow and hopefully 63,000 next year giving close to $7.70. Have 2 offshore rigs and are hoping to buy a 3rd to get them to 100,000 for $11 a share.
$13.100
Stock price when the opinion was issued
oil
gas
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