ICVI (now MTEI) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : ICVI (now MTEI)

MTEI 0.00470

+95.8%

3:03 PM EDT

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Marc Stager who wrote (11211)	6/10/1998 11:41:00 AM
From: DavidCG	Read Replies (5) of 11850

Lets forget about ICVI for a moment and talk about the price of oil. Historically, Oil was closer to $17-$22 a barrel. Today, it dropped yet again and is now $13.60 a barrel Do you see a problem here? ICVI may or may not have significant reserves of gas/oil in West VA. If they do, they aren't going to make a good penny on it right now. If its anything like Gold Mining (which I know more about than oil), there is a price where oil drilling becomes too expensive due to the low price of oil. And unfortunately, ICVI can do nothing to affect the world oil prices. That's just how Oil stocks work folks. You can debate whether or not ICVI has huge reserves of oil in W. VA until you are blue in the face, but if they can't make money from it... the point is moot , isn't it? I contend that it is the price of oil that is hurting your stock. Consider this possibility. Good Trading! -DavidCG

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next