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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Salt'n'Peppa who wrote (102264)	6/7/2008 6:12:51 AM
From: Condor	Read Replies (1) of 206142

Globe says Schachter recommends buying Oilexco 2008-06-06 06:57 ET - In the News The Globe and Mail reports in its Friday edition that Schachter Asset Management president Josef Schachter says buy Oilexco. The Globe's Melissa Martin writes in the BNN Market Call column that Oilexco stock closed up 53 cents at $16.55 Thursday. The stock has a one-year range of $9.67 to $17.92. Mr. Schachter says: "Oilexco's current production is about 23,000 barrels a day of light oil in the British North Sea under some of the world's best fiscal regimes. Our production exit numbers for 2008 are 45,000 barrels per day and for 2009 are 65,000 barrels per day. This is based on known projects in development." In his general outlook Mr. Schachter says: "We recently raised our long-term commodity price forecasts to $100 (U.S.) for West Texas intermediate and $9.25 (U.S.) for natural gas. There is still great value in Canadian natural gas stocks and in international plays that have high-impact drilling in the near term. However, the S&P/TSX energy index and the WTI have some near-term downside. We would in general be buyers on material weakness." Mr. Schachter said buy Oilexco in the BNN column on Jan. 25. It was then trading at $12.41. He said buy Oilexco in The Globe on Dec. 20. It was then trading at $13.08. +++++++++++++++++++++++++++++++++++++++++++++++++++++++++++++ Globe says grease your portfolio with Oilexco 2008-06-04 06:24 ET - In the News The Globe and Mail reports in its Wednesday, June 4, edition that KBSH Capital Management portfolio manager Steve Carlin recommends buying Oilexco. The Globe's Melissa Martin writes in the BNN Market Call column that Oilexco stock shed 15 cents to close Tuesday at $16. The stock has a one-year range of $9.67 to $17.92. Mr. Carlin says: "We like Oilexco for its deep inventory of development prospects in the British North Sea. ... We are carrying a $22 one-year target price." In his general outlook Mr. Carlin says: "We continue to believe the market will be choppy through the remainder of the year. S&P/TSX returns have largely been on the back of strong energy and fertilizer commodity prices. We expect the returns to range in the high single digits over the next year." GlobeInvest Capital Management chairman Peter Brieger said buy Oilexco in the BNN column on April 3. It was then trading at $13.10. The Globe's BNN column featured Schachter Asset Management president Josef Schachter's recommendation to buy Oilexco stock on Jan. 25. At the time it was trading at $12.41. Mr. Schachter said Oilexco had "a great growth profile." Mr. Schachter said buy Oilexco in The Globe on Dec. 20. It was then trading at $13.08.

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