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Oilexco Inc (OIL.V)

DON'T BUY
Got caught at a time when oil prices were falling and they were trying to expand their asset base. Don't expect any miracles.
HOLD
(Market Call Minute.) Not too sure about this stock but likes the sector.
DON'T BUY
Wouldn't touch this one. Way too much risk.
DON'T BUY
Terrific assets in the North Sea. Had been a favourite for a lot of people, including him. They were well financed but with the Royal Bank of Scotland, which had a major collapse.
PAST TOP PICK
(A Top Pick Oct 25/07. Down 99.6%.) Used stop losses so when it started to crumble, he exited. There is value there, but it needs a buyer. Could take some time before the situation remedies itself.
COMMENT
Tragic story. Had great reserves. CEO made aggressive moves of borrowing money to exploit the opportunity right into a horrific debt market. Got into a position where Bank of Scotland was no longer able to provide funding.
DON'T BUY
Was making very good progress in developing its North Sea properties but, like many others, stretched its resources to the limit. Failed to get the financing needed. Feels the game is over.
DON'T BUY
To delisted from the TSX on Feb 9. Thinks bankruptcy filing will take place. Assets will be a great play for a bigger player to buy it from bankruptcy court.
DON'T BUY
The question is, will it survive and that is very questionable. To invest in this, you have to be willing to lose everything.
DON'T BUY
Wouldn't chase this one. If you're going to make an investment in an oil/gas company, you can do a lot better.
DON'T BUY
Although they have reserves, they do not have access to any credit to exploit them.
DON'T BUY
Dead money for all intents and purposes. Filed for bankruptcy protection last week.
HOLD
Filed for bankruptcy protection. Desperately trying to raise money. It doesn’t look good. If you own, it’s too late to sell for tax losses so hold if you don’t have much money in it.
DON'T BUY
Got into a leverage problem. The suspects that in coming months you will be better off to own major oil producers. Once oil prices gets substantially north of $50, the junior market will perk up. Suspects oil will be in a trading range until the first half of 2009.
DON'T BUY
Tried to do a convertible debt issue and it got pulled. Definitely have some financial issues. Not for the faint of heart.
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