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Oilexco Inc (OIL.V)

PAST TOP PICK
(A Top Pick May/07. Up about 50%.) North Sea. Excellent exploration play. Likes it but the market has been getting low evaluation to international plays. Undervalued. Growing their production and have a great slate of drilling prospects in front of them. Still a Buy.
BUY
(Market Call Minute.) Love the stock and think it is amazing.
BUY
Management had some problems before but have regained credibility and every cautious about what they are perceived to be doing. Very cheap stock that has the potential of growing very fast over the next 3 years.
TOP PICK
(A Top Pick Sept 11/07. Up 2.7%.) Trading around 5X cash flow. Before the end of the year they’ll upgrade the Balmoral gas facilities. Bringing on the Shelly discovery in November. In total they should be having a 6X cash flow. Long-term core holding. 6 months out will be producing 60,000 a day.
STRONG BUY
Just being trashed with the junior, small international oil plays. Has tremendous growth profile. $15 operating cost, $12 finding and developing cost. In the North Sea UK, a politically stable area. Netbacks are $105 a barrel. Thanks it is a double when we get out of the current doldrums. Takeover possibility.
BUY
Have done a good job in meeting production. Mark thinks that the North field Shelley will bring up production when it comes on in the last part of the 4th quarter. There is a very favourable tax regime in the North Sea.
BUY
(Market Call Minute.) Doing a fairly good job in terms of their drilling.
DON'T BUY
Just not sure if the market is there to support this kind of stock right now. It should be worth $25 to $30 if oil can stabilize around $100 and stay north of it. Just a tiny bit too exotic.
BUY
Has held up pretty well in a difficult market. Extremely powerful positioning in the North Sea with both equipment and discoveries. Production has been rising brilliantly.
STRONG BUY
A screaming bargain anywhere below $15. Trading at about 2X what it’s going to generate in cash flow over the next year.
HOLD
Bit more negative than some of the big guys. Dropped below its 200 day moving average of $15. Next support should probably be near $13. This is very important and critical, as you don’t want to see the stock lower than that. If oils go up in September this should too.
SELL
(Market Call Minute.) Disappointed a little bit on their production front. Multiples are very high.
WAIT
Looking very cheap at 2 or 3 times cash flow but wait
BUY ON WEAKNESS
One of his favourite stocks in the oil area. Much better shape than some of the others. In the short run, it may be weak but this price level is pretty good. Wait to see if you can get it a little bit cheaper.
BUY
He has a model price of $29.33, an 80% positive differential. Balance sheet is growing like mad.
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