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Oilexco Inc (OIL.V)

DON'T BUY
It has been crushed. It’s a north sea play, which is expensive to develop. The price advance was based on future production but oil price has come down. There are safer plays.
STRONG BUY
Is priced at about one times next year’s cash flow. Will be buying.
SELL
Just said "Sell"
SELL ON STRENGTH
It broke support from low of Jan/Feb. It looks like the drop is over. Sell on strength and move into a better name.
BUY
Had financing in place that got pulled a couple of days ago. They guided to about a 35,000-barrel a day exit rate. If they can finance the 2009 oil exploration program their cash flow could become equal to their current share price.
BUY
Price of oil is a big factor. Thinks we will see $75 before $150 again for oil. Thinks it is a good thing to own. In a declining crude oil market you are better off to be into the integrateds.
SELL
It has not a business problem but a financial problem. This is a case where the valuations are down because it is an expensive stock.
WAIT
100% oil in British north sea. Expect to continue production. Good slate of properties. Has to ride out the market.
BUY
Have big production coming on in the North Sea. Potentially a $20 stock.
TOP PICK
In the UK North Sea. Made a lot of great discoveries and bringing them on in the next couple of years. Well-financed. 2 semi submersible rigs that are working full-time. Doing about mid-20s right now and will be bringing on about 10,000 and will get to the 40,000s by the end of next year. Can see them getting into the 70,000/80,000 the following year.
BUY
Love this company. Rapidly increasing their production in the North Sea. Should be well into the $20's in the next 12 to 18 months. May very well be a takeover candidate.
BUY
One of the better names. Netbacks are far greater in the north see than in Canada. Have $70, $80, $90 margins. Thinks it will continue to build out its production.
BUY
(Market Call Minute.) Great opportunity here. Model price is $28.40.
BUY
Good entry point. Looking for an increase in production from 65,000 barrels in 2010 if they get a 3rd offshore rig.
BUY
Did very well, together with the oils. Will probably take a little bit of pause here. It must hold the $12-$13 level. Current levels should be buying opportunities with the idea that it goes back to test the recent highs.
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