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Oilexco Inc (OIL.V)
Financials 
Technical Analysis 0
BUY
Continues to execute. Finding more and more assets under the north sea. Almost have guaranteed growth. Great management team, one of the cheapest names in the oil space right now. The company doesn’t need to sell. Bought some today.
Peter HodsonOwned
oilgas
BUY
Recent turn down on the stock is really because of the market. Has an amazing success record in the North Sea. They are in a position of strength because of the ownership of rigs.
Michael SmedleyOwned
oilgas
TOP PICK
International oil. In the North Sea. Has a number of very interesting areas it is working in. Owns drilling rigs, which is important in the North Sea. Two main operating areas are North Firth and the Southern Gas area. Mainly acquired their positions through farm-ins. Continue to dramatically grow their production at reasonable costs. (Would treat the Top Picks as a Watch rather than a Buy.)
oilgas
TOP PICK
Producing about 22,000/23,000 BOEs a day in the North Sea and will be ramping this up. Holding at its current level because the market wants to see the ramp up as they bring gas separation equipment on. Have also has some good success with the drill bit. See them producing 100,000 BOE's a day by 2010, and generating cash flow in excess of today’s stock price. Could see this as a $40/$50 stock over the next 3 to 4 years.
Josef SchachterOwned
oilgas
BUY
Has exposure to the North Sea and has very high netbacks (margins). Have had some recent reserve reports, which have doubled their reserves. Think they will get re-rated by the street and go higher from here.
John StephensonOwned
oilgas
COMMENT
A lot of news, but the analysts are taking a dim view of it. He is waiting for all the good news to actually add to earnings estimates, which would positively affect the stock. His model price is $24.27, a 47% positive differential. Very expensive stock. He thinks it is reaching a heavy resistance level at around $17. It needs really good news in terms of estimates to break above this level. It's in a trading level and could see a low of $11 again if the oil group got bearish again.
oilgas
BUY
One of its great assets is its control over rigs. Other people need them and probably can't get them as they are busy. Recently had a great discovery. Good production. Thinks it is all set to continue on upwards.
Michael SmedleyOwned
oilgas
BUY
This is going to be a growth stock for some time to come. Have pretty positive news flow and great assets.
David BurrowsOwned
oilgas
BUY
Just announced a new massive discovery. He has been buying lately. Company has been extremely good at exploring and discovering new fields.
Jean-Francois TardifOwned
oilgas
STRONG BUY
Stock is very, very cheap and production growth is phenomenal. In a bad market, people sell their winners first and this is why it is down. Hearing there is a new discovery coming. Some of their fields look like they could be more prolific than people are thinking right now.
Peter HodsonOwned
oilgas
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