GREY:ROAOF - Post by User
Post by
2loonieson Dec 12, 2006 9:11pm
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Post# 11856232
from David Pescod's Late edition Dec.12
from David Pescod's Late edition Dec.12
from David Pescod"s Late edition Dec,12
Maybe we write about Oilexco a little bit too much here
from time to time, but I’m sure everyone knows we own
shares of it and figure it is one of the stories of the day.
Yesterday, the stock got snookered...and why? We go to
company President Art Millholland who is also a little bit
confused and suggests “there is simply no news out”. They
have started the eighth hole into the Shelly project and the
weather has been “chitty” which means that they have to
work around the weather on their Brenda and Nicol projects.
Today as an example, he suggests that the wind is at 54
knots and the seas have waves of 11 to 25 feet. Geez, just
hearing that turns my stomach!
The only thing Millholland suggests is that yesterday, a
hedge fund out of London decided to sell 400,000 shares
and obviously sold it rather poorly.
That’s the only negative news we can find anywhere
about Oilexco, but then this creature seems to attract more
than its share of rumors.
Down the road, we still see lots of excitement for Oilexco
as they get closer to cash flow and drilling the Laurel Valley,
which may be one of the biggest and significant targets to
be drilled in the coming year.
We have hopes that we will see the price targets of
Haywood analyst Fred Kozak or Josef Schachter.