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Oilexco Inc (OIL.V)
Financials 
Technical Analysis 0
TOP PICK
(A Past Top Pick Jan 23/07. Up 57.7%.) Doing about 25,000 BOE's per day out of the Brenda/Nicol play and doing cash flow of about $2. Will be bringing on the Shelley play this year and more stuff around Brenda/Nicol and should be about 50,000 barrels by the end of 08. In 09 looking for them to bring on Huntington as well as other plays with Nexen (NXY-T). Sees cash flow greater than today's stock price by the end of 09 or 10.
Josef SchachterOwned
oilgas
BUY
He calculates about $4 of cash flow this year and $6 next year. At 2.5X 08 cash flow it is very cheap. This company is extremely successful at making new discoveries. Years ago, they blocked in a number of rigs for their own use.
Jean-Francois TardifOwned
oilgas
TOP PICK
The key is that they are producing from the Brenda fields at 20,000 BOE's, which will be ramping up to 30,000 over the next couple of months. Have a number of projects that they are working on. Could be producing 100,000 BOE’s a day by the end of 2009, which would generate cash flow greater than today's stock price. Still have 2 rigs, one dedicated to development drilling and the other to exploration drilling.
Josef SchachterOwned
oilgas
COMMENT
Thinks this one will do just fine. Very active in the North Sea and have taken on additional wells and locations. Looking at buying more, but hasn't made a decision yet.
Peter BriegerOwned
oilgas
TOP PICK
(A Past Top Pick Jan 23/07. Up 73.6%.) Have production on side right now with the Brenda fields at about 18,000 BOE's. Think this can go up into the mid-20,000. Thinks they can do 100,000 production in the 4th quarter of 09.
Josef SchachterOwned
oilgas
BUY
Just released information and everything is fine. Maybe not as bullish as some expected but he was happy with it. Budget for next year is huge in the $700 million range so valuation is cheap. Have great upside. Some delays in tying in some of their production but with under seas development this sometimes happens.
Peter HodsonOwned
oilgas
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