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Gold/Mining/Energy : Gold & Gold Stock Analysis
GLD 387.40+0.5%Dec 9 4:00 PM EST

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To: Frankly Speaking who wrote (11944)2/11/2008 4:43:52 PM
From: Condor  Read Replies (1) of 29622
 
Well...I said "probably" but, yes, I believe it could be $ 100 by Feb 2013.
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With those kind of assumptions plus the fact that we assume the second half of this year will be better, our four picks start with OILEXCO. Why take a big risk—one look at the correction OILEXCO has already had and with so many analysts from Fred Kozak of Canaccord to Josef Schachter of Schachter Asset Management to Alex Squires of Brant Securities — all suggest OILEXCO is one of their top plays, so why not go with it. All it has to do is go back to its old high and you have a decent gain. If it can go to the $24.00 target some people have, you have almost a double and with Schachter and others suggesting it could be flowing 100,000 barrels a day by the end of 2009, that $24.00 target just might look quite small.

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