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Gold/Mining/Energy : Canadian Oil & Gas Companies
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To: Benny-Rubin who wrote (10358)11/25/2004 7:05:43 PM
From: Michael Watkins  Read Replies (2) of 24925
 
The only one releasing news about Apex is Apex, near as I can tell. They've been harping on about a stake in the Beaufort Sea since 1998, when they were known as Ambra.

Are you the one who writes the press releases?

The reality stands: they produce ZERO income from oil and gas operations.

And when I talked about 20 cent overhead, I was referring to the shares sold at .20 to pay for operating expenses - since the company has no revenue to speak of - which means that there are motivated sellers up there somewhere.

Could it go higher on hype? Sure.

But until proven otherwise, Apex / Ambra is a money losing company that has some how managed not to turn a dime in oil and gas revenue or related profits since...well, forever - and all this through the biggest energy boom in recent history!

Not a mean feat to be that lame!
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