Hi John,
I agree with your analysis of the news release, and also feel that
what we have heard from the release are very optimistic. Having
more swabbing machines will only increase the number of barrels per
day, which then translates to increase in revenue. The fact that
these machines did not cost OLEX money, like you said, showed that
ORSI must be really confident about its system to extract oil and
the extracting compound that OLEX is using to open up wells. Afterall, ORSI would not have sold OLEX without getting money if they know that the system is imperfect in anyway.
I like the last line in the release:
"OLEX is in the business of acquiring, developing and producing low risk oil and gas properties. " I don't think I have seen them using
the "low risk" term before, but, as an investor, I am not complaining.
I think the possibility of stock keeps on going up is very likely
on Monday and maybe even days after that. I think chart analysis
at this point is not useful because OLEX is now in the production
stage with viable partner, ORSI. I believe the resistance level at
.75 and at around $1 can be easily broken for the next several trading
days. And if a positive quarterly report comes out then we might
finally see the true valuation that we have always believed in. However, while we are all excited that OLEX has started to move,
we must not forget that this is a small cap with, theoretically,
unproven management. Nevertheless, I am optimistic that this company
will thrive on the long run because the upside potential is much
greater(we are talking about lots of OIL and GAS here!)
actually, does anyone know when the next quarterly report will come
out? I will try to call the PR firm on Monday.
Good luck investing everyone, hopefully the day of seeing OLEX truck
passing by our doors will not be far away! Now all we need is for
those of us that are in the ISSM/OLEX bandwagon too see ISSM start
to move....then at least I will not that much in red anymore... |
