Oilexco Inc

OIL-X

0.00
0.00 (0.00%)
This company is not ACTIVE.

Analysis and Opinions about OIL-X

Signal
Opinion
Expert
SELL
SELL
November 21, 2008
(Market Call Minute.) Huge financial problems.
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Oilexco Inc (OIL-X)
November 21, 2008
(Market Call Minute.) Huge financial problems.
DON'T BUY
DON'T BUY
November 20, 2008
Just cancelled the 15% convertible bond and common share offering and are looking at alternatives, such as selling the company. Shows the high cost of capital in finding North Sea oil. Would advise caution.
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Oilexco Inc (OIL-X)
November 20, 2008
Just cancelled the 15% convertible bond and common share offering and are looking at alternatives, such as selling the company. Shows the high cost of capital in finding North Sea oil. Would advise caution.
DON'T BUY
DON'T BUY
November 20, 2008
Would be a little wary of companies that need to raise capital. Had a failed issue and they are bringing on a lot of projects and they do need capital.
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Oilexco Inc (OIL-X)
November 20, 2008
Would be a little wary of companies that need to raise capital. Had a failed issue and they are bringing on a lot of projects and they do need capital.
PAST TOP PICK
PAST TOP PICK
November 14, 2008
(A Top Pick Sept 11/07. Down 75%.) Announced results for the 3rd quarter and did on average about 12,000. Had maintenance on one of their platforms. 14,000 BOE's a day in July, 0 BOE’s in August and in September came on with about 20,000. Have to come up with $100 million.
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Oilexco Inc (OIL-X)
November 14, 2008
(A Top Pick Sept 11/07. Down 75%.) Announced results for the 3rd quarter and did on average about 12,000. Had maintenance on one of their platforms. 14,000 BOE's a day in July, 0 BOE’s in August and in September came on with about 20,000. Have to come up with $100 million.
DON'T BUY
DON'T BUY
November 13, 2008
As a junior, it was doing very well until refinancing issues came up. It will be a struggle for them in the near term.
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Oilexco Inc (OIL-X)
November 13, 2008
As a junior, it was doing very well until refinancing issues came up. It will be a struggle for them in the near term.
WATCH
WATCH
November 12, 2008
He owns this and will be averaging down. This is a great entry point presuming you like the market. He is not buying the market today.
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Oilexco Inc (OIL-X)
November 12, 2008
He owns this and will be averaging down. This is a great entry point presuming you like the market. He is not buying the market today.
HOLD
HOLD
November 10, 2008
Fantastic assets. Expected to grow production at a high rate over the next several years and need money for financing. Had a large line of credit with the Royal Bank of Scotland, which is having some difficulty. Market will have to move beyond this credit crunch. Too late to sell and too early to buy.
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Oilexco Inc (OIL-X)
November 10, 2008
Fantastic assets. Expected to grow production at a high rate over the next several years and need money for financing. Had a large line of credit with the Royal Bank of Scotland, which is having some difficulty. Market will have to move beyond this credit crunch. Too late to sell and too early to buy.
COMMENT
COMMENT
November 7, 2008
Great little company. Has been hit dramatically hard because of what is perceived to be a financing crisis, which is not really the case.
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Oilexco Inc (OIL-X)
November 7, 2008
Great little company. Has been hit dramatically hard because of what is perceived to be a financing crisis, which is not really the case.
TOP PICK
TOP PICK
November 4, 2008
One of the cheapest stocks on the index today. North Sea play, Huntington had 2 wells come in recently. Proven and possible reserve will be increased by the end of the year. Cash flow in 2008 of about $800 million and 2009 $1.4 billion. Market cap $700 million and are more than able to cover capital expenditures with their cash flows.
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Oilexco Inc (OIL-X)
November 4, 2008
One of the cheapest stocks on the index today. North Sea play, Huntington had 2 wells come in recently. Proven and possible reserve will be increased by the end of the year. Cash flow in 2008 of about $800 million and 2009 $1.4 billion. Market cap $700 million and are more than able to cover capital expenditures with their cash flows.
HOLD
HOLD
October 31, 2008
Dependent on bank lines to complete their expansion plans but have very solid internal cash flows. All they have to do is drag out their drilling programs and will be able to generate the cash. Excellent assets in the North Sea. He is trying to get enough nerve to average down on his positions.
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Oilexco Inc (OIL-X)
October 31, 2008
Dependent on bank lines to complete their expansion plans but have very solid internal cash flows. All they have to do is drag out their drilling programs and will be able to generate the cash. Excellent assets in the North Sea. He is trying to get enough nerve to average down on his positions.
BUY
BUY
October 31, 2008
A giant junior in the North Sea. Doing brilliantly. One day, the banks will start doing business again.
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Oilexco Inc (OIL-X)
October 31, 2008
A giant junior in the North Sea. Doing brilliantly. One day, the banks will start doing business again.
BUY
BUY
October 30, 2008
Biggest risk on this one is refinancing. Thinks the market has blown this out of proportion as this company has significant reserve value with growing production and cash flows coming at them every day. Stock price is reasonable. Will be more volatile but if you have a few that is more than a quarter or two it will probably work out just fine.
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Oilexco Inc (OIL-X)
October 30, 2008
Biggest risk on this one is refinancing. Thinks the market has blown this out of proportion as this company has significant reserve value with growing production and cash flows coming at them every day. Stock price is reasonable. Will be more volatile but if you have a few that is more than a quarter or two it will probably work out just fine.
DON'T BUY
DON'T BUY
October 27, 2008
Pretty tough to get financing done in any sector. His best bet is that financing will get done eventually. Not as strong on resources.
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Oilexco Inc (OIL-X)
October 27, 2008
Pretty tough to get financing done in any sector. His best bet is that financing will get done eventually. Not as strong on resources.
HOLD
HOLD
October 22, 2008
Still have some potentially funding issues. Remains to be seen if they will get a private equity infusion of some kind. While they are very profitable and have shown reserve bookings and are one of the more solid operators, it is too much of it question mark.
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Oilexco Inc (OIL-X)
October 22, 2008
Still have some potentially funding issues. Remains to be seen if they will get a private equity infusion of some kind. While they are very profitable and have shown reserve bookings and are one of the more solid operators, it is too much of it question mark.
HOLD
HOLD
October 17, 2008
Lots of production. Stock dropped because oil prices are down 50% and people sold a lot of smaller mid-cap stocks. Also, access to funds from a European bank disappeared and people panicked. Trades at 1X next year's cash flow. They don't need cash.
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Oilexco Inc (OIL-X)
October 17, 2008
Lots of production. Stock dropped because oil prices are down 50% and people sold a lot of smaller mid-cap stocks. Also, access to funds from a European bank disappeared and people panicked. Trades at 1X next year's cash flow. They don't need cash.
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