Stockchase Opinions

Josef Schachter Oilexco Inc OIL-X TOP PICK Apr 04, 2008

(A Top Pick Apr 24/07. Up 57%.) Doing about 23,000 BOE's a day and expects it to be 45,000 with $4/$5cash flow by year-end including their Shelley play. Huntington is showing very thick pay zones that could net 50,000 BOE’s a day by 2011. Cash flow could be $14/$15 a day by that time. Still doing new exploration work.
$13.720

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.