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Oilexco Inc (OIL.V)

TRADE
The whole world is growing which makes oil very tight.
WEAK BUY
Has done very well. The problem is, it's drilling high impact wells and a couple of dry holes in a row, they could implode very quickly. A good trader.
BUY
The last well that they drilled tested 3 1/2 thousand barrels. Indications from the company is that they can have 30 to 40 million barrels in the one area. Very volatile, but worth a buy.
TOP PICK
Have announced their fourth successful well. Tests flowed 3350 barrels a day. Expects further drilling this fall. Could be tied in next year.
BUY
Likes it a little better now they've had a discovery. Have raised their second round of financing. Not a bad place to be for a small Oil play. Volatile.
PAST TOP PICK
(A top pick Jan 26/04. Down 17%.) Was a trading buy and got out when the price went up. Wouldn't buy today.
DON'T BUY
Of their two fields, only one has done well for them. Highly speculative.
DON'T BUY
A very wild stock trader. Just completed their 3rd well and tested 4800 barrels per day. Very expensive wells so they'll probably have to raise more money. Too much interest for such a small company.
DON'T BUY
Just sold all his shares. The next well they drill will probably make or break the company. Too volatile.
TRADE
Mainly a North Sea asset. Has gone through the fundamental value and is now in the speculative area.
TOP PICK
Hit oil in North sea. 10000 a day. Found good sized well.
TOP PICK
Found oil. Up to 70 million barrels. Up to $15-16 per share on NAV basis
TOP PICK
Highly speculative. Have hit oil on their Brenda property and moving to new sites. Very interesting prospects. Good seismographic data. Production could be very large.
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