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Oilexco Inc (OIL.V)
Financials 
Technical Analysis 0
BUY
TOP PICK
Cautious on the market so his 3 top picks are deep value. Great exposure to light oil. Have taken properties in the North Sea that majors abandoned. Reworked some of the fields. Looking at $3.50/$4 this year in cash flow and about 30 to 33 thousand barrels of production going to about $7.50/$8 next year on 60,000 barrels a day. If they can get another offshore rig, they can probably get production up to 100,000 barrels getting cash flow of $11/$12.
Peter BriegerOwned
oilgas
DON'T BUY
Reserves in the North Sea have come in quite strong. Has performed extremely well. Feels it might be priced too much for perfection. If there were any mistakes, it would be hit quite hard. Cells at over 5X BV, which in the oil patch is quite expensive. Any disappointment and you could see a real strong pull back. Risk/reward is not worth it.
oilgas
BUY
This will be a beneficiary of higher oil prices. Has lots of exposure in exciting parts of the world, which could give more volatility. The higher growth, higher Beta way to play oil.
Gavin GrahamOwned
oilgas
WEAK BUY
It was a real great stock and had done very well but has slowed down a little bit. The moving average currently intersects at about $13 in the stock managed to come below it a little bit. It should have support around $12-$13. There are others he prefers more but it's fine as long as you don't see it below $12.
oilgas
TOP PICK
(A Top Pick Apr 24/07. Up 57%.) Doing about 23,000 BOE's a day and expects it to be 45,000 with $4/$5cash flow by year-end including their Shelley play. Huntington is showing very thick pay zones that could net 50,000 BOE’s a day by 2011. Cash flow could be $14/$15 a day by that time. Still doing new exploration work.
Josef SchachterOwned
oilgas
DON'T BUY
He has a model price of $24.38 giving it an 86% upside. The only issue that he has with this one is a plethora of good news but never sees the earnings estimates going up. Any pullback in oil prices and get could get back to $11 quite easily. Any positive news in oil or the company and your upside is $17.44. Risk/reward is not good enough for him.
oilgas
TOP PICK
This company has adopted the income trust model for the North Sea but is a corporate structure. It has taken the fields that have been discarded by the majors and are producing very nicely at their low cost structure. 30,000 barrels this year giving them $3/$4 cash flow and hopefully 63,000 next year giving close to $7.70. Have 2 offshore rigs and are hoping to buy a 3rd to get them to 100,000 for $11 a share.
oilgas
WEAK BUY
Really like it. They are having delays. Stock is very cheap. It’s a question of time.
Jean-Francois TardifOwned
oilgas
HOLD
Likes it. When some of these companies are reporting, that even though the numbers are quite good, a lot of traders are jumping on the bandwangon and driving prices down.
Long term stick with it.
Robert FloydOwned
oilgas
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