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Microcap & Penny Stocks : Microcap Kitchen Canadian Stocks
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From: pinchednerve8/16/2014 3:33:28 PM
1 Recommendation

Recommended By
gholst

  Read Replies (1) of 49402
 
XOP - Canadian Overseas Petroleum

Negatives:
1. Structure is junk
2. Management not shareholder friendly
3. Main target in Liberia is Ebola-stricken

Positives:
1. Trading at 52-week low
2. Multi-billion barrel offshore target with Exxon-Mobil operating
3. Drilling should start this year

I am not long currently, but I did do well on the first pass from $0.19 to $0.33. Scouser, do you have time to take a look at the chart? I am not usually interested in elephant plays, but once drilling is announced, there should be a lot of institutional interest. They are doing a current financing at $0.20 which has caused the weakness in the stock (and flesh eating disease in their area of interest).

Any thoughts are appreciated.
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