LGX Oil + Gas Inc ROAOF

RE: Oilexco - news blacKout

[MaxPowerJr]

thanks to Jack25 for the link: 1) Oilexco (Oil on Toronto) Yeah, we're all older and grumpier and no wiser as we wait for the production news release - that the oil and the cash is flowing. A news announcement was indicated at the annual general meeting and we are now nearly two weeks from that meeting. In the meantime the price of oil remains strong and we keep smilin' (see the next article on another continuing story) Oil the commodity is not going to become cheaper and neither will its use fall off the edge of the world for the next several decades, at least. America starts the summer driving season next week - with Memorial Day traffic. New reports on the start of hurricane season keeps traders holding/buying oil. This stock could be a core holding for the years ahead - provided its drilling adds to production and the commodity price remains firm. High pump prices should remind investors that the only real alternative to riding a bike is to get a share of the oil profits by owning energy stocks. 2) Valero Energy (VLO on NYSE) We have mentioned Valero a number of times so here is a headline from the Globe and Mail (May 21/07) Profits soar as consumers keep pumping fuel This story confirms the continuing record profits accruing to Valero. Fadel Gheit , of Oppenheimer, says that companies that operate exclusively in the refining and marketing business are primed to double or triple their earnings in the coming quarters. "It's a perfect storm where everything that could push margins up has taken place." The perfect storm 1) strikes in Europe 2) unplanned refinery shutdowns both reducing supplies to the U.S. market already facing shortages. Valero is North America’s largest refiner. It reported record first quarter profits $1.1 billion - up 30% over 2006