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Oilexco Inc (OIL.V)

BUY
Reserve bookings have basically doubled. Production is coming on very strong and looking to double the Shelby field. Good diversity of projects. Very high netbacks.
BUY ON WEAKNESS
Model price is $26.05, a 51% positive differential. Main complaint is that he doesn't see any massive earnings revisions as he sees in Nexen (NXY-T) or Talisman (TLM-T). He'll wait for a dip before buying.
BUY ON WEAKNESS
Operates in the North Sea. Has a great slate of drilling prospects. Somewhat volatile so buy opportunistically. Can grow its production significantly over the next several years.
TOP PICK
(A Top Pick July 20/07. Up 18%.) Looking for over 40,000 BOEs a day by the end of 2008, 65,000 in 09 and 100,000 by 2010. Well financed and have rigs.
TOP PICK
UK North Sea oil explorer and developer. Have 3 or 4 projects they are bringing on stream. Have oilrigs secured, which has allowed them to wiggle their way into some projects. Will be doubling production between 2008 and 2009. Cash flow growth is very significant.
BUY
Oil is going to very volatile, lots of ancillary demand out of India and China, which some are not taking into consideration. $1.10 to 1.50 range for oil as a commodity. Like this stock, interesting exploration plays. It can go a lot higher. Lot of opportunities for trading.
BUY
Oil producer in the North Sea. Quite a cheap stock, but it is entering a period where production is ramping up significantly. Significantly undervalued.
BUY
(Market Call Minute.) A good company at getting new assets.
BUY
Has not done as well as other Canadian oil companies, partially because of the currency as sterling has weakened substantially. Production in the North Sea has not grown as rapidly as people had hoped. Feels it will continue to be a good growth story.
PAST TOP PICK
(A Top Pick May 9/07. Up 72%.) Great number of drilling prospects in front of them. Could back off which would be the time to buy.
COMMENT
Comparing this with Pan Orient Energy (POE-X) (see comments under POE-X) she prefers this as there is better valuation. It is not as expensive and has the same kind of upside. Also there is less political risk in the North Sea.
DON'T BUY
His model price is $24.87, which is a 50% positive differential. It would be great to see some upside earnings revisions but he is expecting a negative revision.
WATCH
Potentially has a huge upside and could be $50-$60 a share. Production is expected to be 4X the current level. Has already made a big move and has been consolidating since last fall. He would like to see it move higher with significant volume, which would be your entry point. Stepping in now, there is a risk it is still consolidating and could drop back to $13-$14.
BUY
One of the best stocks to own for the last few years. In the North Sea and they have gone after some high profile targets. Probably on a lot of M&A lists right now as a target.
BUY
Has been a Top Pick 2 or 3 times this year. Focuses on the North Sea on properties that were cast off by the majors. Looking at cash flows at $6+ and production of around 65,000 barrels a day.
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