Stockchase Opinions

Peter Brieger Oilexco Inc OIL-X PAST TOP PICK Mar 31, 2009

(A Top Pick April 2/08. Down 99.2%.) Its intrinsic value is in the $2-$3 range. Has terrific properties with great growth potential of up to 100,000 BOE's a day (vs. most recent of 30,000-35,000). Was hoping somebody would come and pay fair value and arrange financing to get them back on their feet. If you own, let it go to zero, sell it for one cent and get your tax loss.
$0.145

Stock price when the opinion was issued

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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.