OILEX (OLEX) Message Board

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Microcap & Penny Stocks : OILEX (OLEX)

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To: Larry Sallee who wrote (1369)	8/28/1997 2:37:00 PM
From: Marty Rubin	of 4276

Can anyone figure the P/E ratio for Oilex? I don't have time to go into details but I figured it's about 8 or 7(conservative). Could be lower now that the price had dropped. BTW, with $40K you can buy 100K of Oilex shares. If I remember correctly, Oilex paid 2M shares for the Aus. prop. (or royalty)This means that Oilex already got 5% return on their investmant(100K of 2M)....... Have a great Labor-Day weekend, Marty PS Anyone else paying a high gas bill? $1.65 a gallon(92)up from 1.40 two weeks ago? The oil co. are saying that "supply needs to meet demand" Now would you drive less if the price goes up? Bull sheet! They'llsuck the last penny out of you.

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