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Microcap & Penny Stocks : OILEX (OLEX)

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To: baron-marney who wrote (1820)12/5/1997 10:13:00 AM
From: Richard L. Williams  Read Replies (1) of 4276
 
To the Baron:
I view the recent drop in OLEX' price, as well as that of the other oil-related stocks to OPEC's announced 15% increase in oil production and the lessening of tension with Iraq.

What I'd like to know, if oil prices drop, can Oilex make a profit? Specifically, at what price point ber bbl does Oilex' process for removal not make a profit?

Thank you,
Rick Williams
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